My brother just called me to tell me he bought $11,000 of BTC. He's also about to get a loan for more.
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Apparently Japan is looking pretty hyperinflation-y recently, because their central bank has promised to continually print Yen to defend a fixed interest rate peg. But traders are calling their bluff and continually kick the rate above their peg over and over. Here's a thread on it:
https://twitter.com/LynAldenContact/status/1536396602595807245?t=5EB96HSAc5_fo8YGVOBQMg&s=19
https://twitter.com/LynAldenContact/status/1536396602595807245?t=5EB96HSAc5_fo8YGVOBQMg&s=19
Twitter
Lyn Alden
The Bank of Japan is working hard to defend its 0.25% 10-year bond yield cap, which they backstop with an unlimited bid to buy bonds at that cap.
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Good short vid:
https://twitter.com/Clay_Finck/status/1536447223097085952?t=b2xWoFE4XfuwUVQ9cKGTeA&s=19
https://twitter.com/Clay_Finck/status/1536447223097085952?t=b2xWoFE4XfuwUVQ9cKGTeA&s=19
Twitter
Clay Finck
Just looked back at @therobertleonar & I's conversation with @PrestonPysh back in January with #Bitcoin trading at $45k. This drawdown in Bitcoin's price shouldn't come as any surprise to those that understand the current macro environment. (1/3)
Coinbase and Binance are likely doing fractional reserve (just not to the same degree as others).
https://twitter.com/TXMCtrades/status/1536478880265019393?t=IJtw1B9HL3at74qniljspA&s=19
https://twitter.com/TXMCtrades/status/1536478880265019393?t=IJtw1B9HL3at74qniljspA&s=19
Twitter
TXMC
Coinbase Pro is now forcing users to whitelist addresses for 48 hrs before withdrawing for "protection". No more spontaneously creating a new address and pulling your BTC off, you've got to put it on a list and wait. If your coins are on an exchange, they…
If this is accurate, it would more than double the supply of refined gold in circulation.
https://www.mining.com/web/uganda-says-exploration-results-show-it-has-31-million-tonnes-of-gold-ore/
https://www.mining.com/web/uganda-says-exploration-results-show-it-has-31-million-tonnes-of-gold-ore/
MINING.COM
Uganda says exploration results show it has 31 million tonnes of gold ore
Most of the deposits were discovered in Karamoja, a parched sprawling area in the country's northeastern corner on the border with Kenya.