$NAKA went down 90% and then went down another 90% and then went down another 75%. No one is as talented as @DavidFBailey at incinerating money.

The stars are out for Game 4 at Madison Square Garden 🤩

The dollar you know is dying. Most are positioned for a system that no longer exists. New TLT with @LeveredUSTs The Dollar Reset Runs Through Bitcoin -2024 as a monetary fork -Why this isn't 2008-2020 redux -Saylor's BTC sale: troll, not signal -Where BTC fits in the endgame

American consumers are now facing 7% mortgage rates, 4.2% inflation, and a 30% loss in the purchasing power of the US Dollar since 2020. Meanwhile, US CPI inflation continues to follow a similar trajectory as the late 1970s. Will history repeat itself?

CNBC and @jimcramer talking about how bitcoin has underperformed s&p500 for five years

I paid $27,500 per ticket for center courtside seats to Spurs-Heat Game 7 in 2013. This year similar tickets were going $275k–$300k Combine that with the wealth display in Monaco during F1 this weekend which was excessive even by Monaco standards and it feels like we are nearing a tipping point. The money supply is only part of what is broken, imo. Anyways Hyperliquid.

Inheritance planning for bitcoin is one of those things nobody wants to talk about. Historically, one of the most challenges aspects of long-term planning for your Bitcoin wealth. But those who have a reliable solution? It's one of the first things brought up in the context of Bitcoin ownership. There's something that shifts when you know your bitcoin has a clear path forward if something happens to you. It stops feeling like magic internet money and starts feeling like real wealth your family can count on. That's what we've built toward with the inheritance solution at Onramp. Multi-institution custody already gives you three keys across three separate institutions, while you retain control. The inheritance layer sits on top of that. So the people you're protecting don't have to become bitcoin experts to access what you've left them. We kept hearing the same thing from clients: "I've thought about this but had no idea where to start." That's the gap we built for.

The 11.5% STRC dividend depends on two things continuing forever: Bitcoin appreciating fast enough to keep new buyers showing up. Those new buyers funding the dividend on existing shares. When either falters, the structure must sell Bitcoin or issue dilutive equity. Report 👇

Western governments have engineered the greatest anti-natal program in human history, and most people are completely unaware of the causes or consequences. Birth rates across Europe, East Asia, and North America have collapsed below replacement levels. Governments systematically destroyed the economic foundations that make family formation possible. You cannot afford children when the state inflates away your purchasing power, taxes your income at confiscatory rates, then forces you to fund the retirements of previous generations through Social Security ponzi schemes. A middle-class American couple faces effective marginal tax rates exceeding 50% when you include federal income tax, state tax, payroll taxes, property taxes, and sales taxes. Meanwhile, monetary debasement ensures that housing costs consume 40% of median income versus 15% in 1970. The regulatory state makes every aspect of child-rearing exponentially more expensive. Occupational licensing cartels inflate childcare costs. Zoning laws prevent affordable family housing. Department of Education mandates drive up school costs while destroying quality. FDA approval processes make basic medicines cost 10x their market price. Each regulation serves entrenched interests while pricing out young families. Economic policy shapes demographics. When governments prioritize immediate consumption over capital formation, present voters over future families, and welfare recipients over productive workers, birth rate collapse becomes inevitable. The state subsidizes the childless while penalizing parents through the tax code and monetary policy. Politicians promise family tax credits and paid leave programs to solve the crisis they created. They offer you breadcrumbs from your own stolen wealth while maintaining the very policies that make children unaffordable. The solution requires abolishing the systems that broke family formation, not expanding them.

Six weeks ago we published the math. We said par wouldn't hold. We got told we didn't understand the trade. STRC traded as low as $91.86 today. The "yield" you earned evaporates the second you sell to get your own money back. They said this was for boomers' retirements, for people who can't handle the volatility, for capital pools that 'need' fixed income. Now everyone is starting to actually understand the risk. There was always a simpler trade: own your Bitcoin, earn rewards on your cash. That's why we built @OnrampBitcoin, Onramp Finance, and focus on education. Sign up below for the simpler trade and use code STRC for an extra 50,000 SATs when you complete your first bitcoin buy.

Bitcoin just recorded five consecutive green candles on the one minute chart.

After watching this, it's never been more obvious to me that we are not on the same team.

Bitcoin sentiment is worse than during the FTX collapse. This time, there's no obvious villain. @ChrisJKuiper, VP of Research at Fidelity Digital Assets, on this week's episode of The Last Trade: → Bond holders are underwater in real terms. Stocks could return near zero for the next decade. → Bitcoin is below its all-time high 96% of the time. This drawdown is normal. → Inflation is coming back in waves. Bitcoin has historically done well when real yields turn negative. → The 4-year cycle is dead. Cycles aren't. Nothing actually broke. That's the setup.