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.
Thread with graphs:
https://twitter.com/TimmerFidelity/status/1536902560463847425?t=9gI0hAbYW4Wmk6UKAkFJow&s=19
https://twitter.com/TimmerFidelity/status/1536902560463847425?t=9gI0hAbYW4Wmk6UKAkFJow&s=19
Twitter
Jurrien Timmer
Is BTC cheaper than it looks? If we consider a simple “P/E” metric for BTC to be the price/network ratio, then that ratio is back to 2017 and 2013 levels, even though BTC itself is only back to late 2020 levels. Valuation often is more important than price.…
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The Puell multiple is nearly back in the green (buy) zone:
https://www.lookintobitcoin.com/charts/puell-multiple/
https://www.lookintobitcoin.com/charts/puell-multiple/
Bitcoin Magazine Pro
The Puell Multiple | BM Pro
Puell Multiple is a valuation tool for $BTC looking at Bitcoin miner revenue. This is a free live data chart of the indicator that updates daily.
Concise and well-put.
https://twitter.com/LynAldenContact/status/1537457057237966850?s=20&t=F3c715eI9a4gwneUbKQyDQ
https://twitter.com/LynAldenContact/status/1537457057237966850?s=20&t=F3c715eI9a4gwneUbKQyDQ
Twitter
Lyn Alden
The past 150 years of monetary history can basically be explained by the observation that the speed of commerce outpaced the speed of bearer asset money, which led to the inevitable abstraction of that money and the complications that arose from that. tw…
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