HELIUM/ HNT: ( you can buy it on REVOLUT) $350m Mkt cap now makes no sense to me. Regardless of your Bitcoin views this is bloc-chain DePin & and tokenisation doing what it should how it should. This is the difference between a memecoin and a real ‘on-chain’ business. One has fluff & hype, the other has utility; users growth and a programmatic token buyback fueled by actual revenue.”
https://nutstuff.co.uk/disclaimer
https://nutstuff.co.uk/disclaimer
❤1
A Nutstuff Golden rule has always been : “When everyone loves something it must go down and when everyone hates something it may go up “.
Well thats Gold vs Oil ( and arguably Bitcoin alot of Digital assets!)
“ Gold was the asset of fear. Bitcoin and oil are the assets of conviction.”
IMHO, Gold’s done its job for now; it front-ran the liquidity cycle, soaked up geopolitical fear, and became the only thing even the bond mob could agree on. But once every newsletter, asset allocator, pension fund and TikTok macro bro is “diversified into gold,” there’s no one left to buy, its not the queue forming outside Sharps Pixley thats going to make a difference. We all know instances of when Momentum rapidly becomes gravity. You end up owning a lump of reassurance rather than an asymmetry. That’s why the miners might look interesting later, but IMHO not now. When the trade clears out, and the tourists sell to fund margin calls, you want to be ready for the next leg the one driven by actual M2 growth, not emotion. Right now, gold’s absolutely not a contrarian idea. It’s simply a comfort blanket. And comfort blankets rarely make you rich.
I know many talk to me about “tokenising” gold but most have no understanding of what a true tokenisation strategy & model looks like and to me its still an inert rock, just with a QR code.
Ask what Nutstuff is buying with the proceeds … its the “other” asset. Its Oil which I have owned alot of in North Sea and also the one where the 2021 Retail investors havent come back to but I feel ever surer they will.
https://nutstuff.co.uk/disclaimer
Well thats Gold vs Oil ( and arguably Bitcoin alot of Digital assets!)
“ Gold was the asset of fear. Bitcoin and oil are the assets of conviction.”
IMHO, Gold’s done its job for now; it front-ran the liquidity cycle, soaked up geopolitical fear, and became the only thing even the bond mob could agree on. But once every newsletter, asset allocator, pension fund and TikTok macro bro is “diversified into gold,” there’s no one left to buy, its not the queue forming outside Sharps Pixley thats going to make a difference. We all know instances of when Momentum rapidly becomes gravity. You end up owning a lump of reassurance rather than an asymmetry. That’s why the miners might look interesting later, but IMHO not now. When the trade clears out, and the tourists sell to fund margin calls, you want to be ready for the next leg the one driven by actual M2 growth, not emotion. Right now, gold’s absolutely not a contrarian idea. It’s simply a comfort blanket. And comfort blankets rarely make you rich.
I know many talk to me about “tokenising” gold but most have no understanding of what a true tokenisation strategy & model looks like and to me its still an inert rock, just with a QR code.
Ask what Nutstuff is buying with the proceeds … its the “other” asset. Its Oil which I have owned alot of in North Sea and also the one where the 2021 Retail investors havent come back to but I feel ever surer they will.
https://nutstuff.co.uk/disclaimer
Nutstuff
Disclaimer | Nutstuff
Important Disclosure Statement from North Breache Limited, trading as ‘Nutstuff’.
Much better!!!
CARDIOL/CRDL: revisiting at $1.00! It now sits in that tiny corner of biotech where funding, validation, and valuation collide. A $90 million company chasing a $30 billion disease, it’s finally moving from survival mode to a conviction story. The fresh $11 million raise announced last friday at $1.00,( insiders included), extends cash through Q3 2027, fully funding the Phase III MAVERIC trial in recurrent pericarditis and the planned FDA NDA submission with another $7.4 million in potential warrant proceeds if the market wakes up. The science has quietly shifted from treating inflammation to reversing heart failure itself: the ARCHER data show regression in left-ventricular mass cardiology’s holy grail, a structural marker that predicts survival. At this point, the company’s $90 million market cap prices it below the cash-adjusted value of peers like Kiniksa, Tenaya, or Cytokinetics, all trading 5–10× higher with less clinical clarity. The irony is brutal: Wall Street still files Cardiol under “weed-adjacent biotechs,” but what’s emerging is a cardiac-inflammation platform with three multi-billion-dollar indications: recurrent pericarditis, myocarditis, and heart failure. The next 12 months will determine whether this remains yet another forgotten micro-cap or becomes the first small-cap in modern history to prove you can remodel a human heart. Nutstuffs bed is made.
https://nutstuff.co.uk/disclaimer
CARDIOL/CRDL: revisiting at $1.00! It now sits in that tiny corner of biotech where funding, validation, and valuation collide. A $90 million company chasing a $30 billion disease, it’s finally moving from survival mode to a conviction story. The fresh $11 million raise announced last friday at $1.00,( insiders included), extends cash through Q3 2027, fully funding the Phase III MAVERIC trial in recurrent pericarditis and the planned FDA NDA submission with another $7.4 million in potential warrant proceeds if the market wakes up. The science has quietly shifted from treating inflammation to reversing heart failure itself: the ARCHER data show regression in left-ventricular mass cardiology’s holy grail, a structural marker that predicts survival. At this point, the company’s $90 million market cap prices it below the cash-adjusted value of peers like Kiniksa, Tenaya, or Cytokinetics, all trading 5–10× higher with less clinical clarity. The irony is brutal: Wall Street still files Cardiol under “weed-adjacent biotechs,” but what’s emerging is a cardiac-inflammation platform with three multi-billion-dollar indications: recurrent pericarditis, myocarditis, and heart failure. The next 12 months will determine whether this remains yet another forgotten micro-cap or becomes the first small-cap in modern history to prove you can remodel a human heart. Nutstuffs bed is made.
https://nutstuff.co.uk/disclaimer
Nutstuff
Disclaimer | Nutstuff
Important Disclosure Statement from North Breache Limited, trading as ‘Nutstuff’.
🔥1
Nutstuff out tomorrow..
Portfolio set-up is good for this here.
Good to have others ( NF & C-Collective) put some focus on VEON here! ( my detailed note on is out. )
MKTS: S~term it is looking like Goodnight Vienna for the doomsday merchants clutching their inverted yield curves…
Double bluff on Russia/Ukraine; China deal and cheaper money and the printing press hums!
An S&P heading for 10,000, and AI capex now compounding like the railroads of the 19th century. ( lets see what they all say this week!)
The GOM’s keep muttering about bubbles because they’ve simply mistaken exponential growth for inflation. What’s actually happening is a wholesale repricing of productive capacity compute, data, and energy all being rebuilt and essential for the AI era. The “Magnificent 7” aren’t a mania; they’re simply the core infrastructure of the 4th Industrial Revolution, sucking in $3 trillion of global capex over three years. Every $1 Nvidia mints is seemingly fuelling an $8–10 multiplier across the ecosystem, chips, Dram, software, power, and storage. Yes there is debt & circularity which keeps Nutstuff away from most Mag7. But theres frikkin debt everywhere .
Nutstuff has repeatedly said that the consensual certainty that this ends in a crash rather than a reset of value hierarchy might just be the ultimate bearish delusion. This isn’t 1999, it might actually be 1996 with a nuclear power grid and a neural engine thus the real danger isn’t being too long it’s simply being too late.
Also worth remembering that when gold topped in 2020, bitcoin actually began rallying within 2 months, BTC>400% over the ensuing 6 months. Nutstuff can see a similar story unfolding over the coming weeks.
For the record: Nutstuff has been adding to BTC ETHE SOLANA & HELIUM; the Cathedral the bazaar, the nightclub and the block7/ depin proxy.
https://nutstuff.co.uk/disclaimer
Portfolio set-up is good for this here.
Good to have others ( NF & C-Collective) put some focus on VEON here! ( my detailed note on is out. )
MKTS: S~term it is looking like Goodnight Vienna for the doomsday merchants clutching their inverted yield curves…
Double bluff on Russia/Ukraine; China deal and cheaper money and the printing press hums!
An S&P heading for 10,000, and AI capex now compounding like the railroads of the 19th century. ( lets see what they all say this week!)
The GOM’s keep muttering about bubbles because they’ve simply mistaken exponential growth for inflation. What’s actually happening is a wholesale repricing of productive capacity compute, data, and energy all being rebuilt and essential for the AI era. The “Magnificent 7” aren’t a mania; they’re simply the core infrastructure of the 4th Industrial Revolution, sucking in $3 trillion of global capex over three years. Every $1 Nvidia mints is seemingly fuelling an $8–10 multiplier across the ecosystem, chips, Dram, software, power, and storage. Yes there is debt & circularity which keeps Nutstuff away from most Mag7. But theres frikkin debt everywhere .
Nutstuff has repeatedly said that the consensual certainty that this ends in a crash rather than a reset of value hierarchy might just be the ultimate bearish delusion. This isn’t 1999, it might actually be 1996 with a nuclear power grid and a neural engine thus the real danger isn’t being too long it’s simply being too late.
Also worth remembering that when gold topped in 2020, bitcoin actually began rallying within 2 months, BTC>400% over the ensuing 6 months. Nutstuff can see a similar story unfolding over the coming weeks.
For the record: Nutstuff has been adding to BTC ETHE SOLANA & HELIUM; the Cathedral the bazaar, the nightclub and the block7/ depin proxy.
https://nutstuff.co.uk/disclaimer
Nutstuff
Disclaimer | Nutstuff
Important Disclosure Statement from North Breache Limited, trading as ‘Nutstuff’.
❤1
🚀 HELIUM / HNT finally lifting off!
Fundamentals and Valuation Multiples make sense compared to Web2 Comps! Nutstuff has made this point repeatedly. HNT is now having a nice run since they announced open market buys and a DAT is imminent.
Depin projects with product market fit and strong fundamentals will separate from the rest. The next wave of crypto adoption won’t come from speculation it’ll come from “Usefulness arriving & invisibility”. When people stop seeing the blockchain and just start using it.
That’s what stablecoins are quietly proving: volumes rising even as trading cools, money moving for purpose not profit. You can no longer solely rely on retail hype to support your token. You don’t need to know what chain you’re on to send a payment, and you shouldn’t need to know what network you’re on to connect your phone.
https://nutstuff.co.uk/disclaimer
Fundamentals and Valuation Multiples make sense compared to Web2 Comps! Nutstuff has made this point repeatedly. HNT is now having a nice run since they announced open market buys and a DAT is imminent.
Depin projects with product market fit and strong fundamentals will separate from the rest. The next wave of crypto adoption won’t come from speculation it’ll come from “Usefulness arriving & invisibility”. When people stop seeing the blockchain and just start using it.
That’s what stablecoins are quietly proving: volumes rising even as trading cools, money moving for purpose not profit. You can no longer solely rely on retail hype to support your token. You don’t need to know what chain you’re on to send a payment, and you shouldn’t need to know what network you’re on to connect your phone.
https://nutstuff.co.uk/disclaimer
Nutstuff
Disclaimer | Nutstuff
Important Disclosure Statement from North Breache Limited, trading as ‘Nutstuff’.
Running around today. Nutstuff is out tomorrow/ thursday…
“I dread our own mistakes more than the enemy’s intention.” Thucydides
“Democracy substitutes election by the incompetent many for appointment by the corrupt few.” George Bernard Shaw.
NEWYORKNEWYORK! Rather amazing to think 9/ 11 was 8821 days ago.
New York is waking to the London/ Sadiq Khan playbook, reheated and served with an American accent. Mamdani’s win in New York isn’t just a political upset, it’s a cultural declaration the moment their key metropolis officially decoupled from the nation. A 34-year-old Ugandan-born Shia socialist now running the city once ruled by Giuliani tells you everything about where urban politics has gone: it’s no longer about competence or crime, it’s about signalling virtue and demographic destiny. Maybe nations need a constant reminder of what not to do, ask if there is any chance N.Y.’s sacrifice may actually do some good?
What is very clear is that the same moral theatre that turned London into a sermon now marches through Manhattan. For Trump, it’s a humiliation; for the rest of us, it’s a warning that the West’s capitals are becoming cathedrals of ideology rather than cities that work.
GEOPOLITICS: Only those not understanding “the rise of the oppressed and revenge of the colonised” a thematic for the last 3 yrs+ in Nutstuff think it is insane that a socialist was just elected mayor of the financial capital of the world.
Yes, the Rich are fleeing the UK, and now probably will New York.
Where can the 0.01% now live?! Money goes to where it is treated best.
Amazing to think that in the UK the 0.01% ( top 4000 people) pay more than the bottom 8m and the top 100 payers of tax contribute more than entire North sea!
MARKETS & PORTFOLIO:Yes yes its been give-back time. Nutstuff has made few changes. I dont own PALANTIR and sold my AMD which would be the short vs a GOOGL long. ( more on stocks tomorrow).
Markets have just endured a violent 48-hour rotation high beta liquidated, value bid driven by liquidity starvation as the U.S. Treasury’s General Account hoarded over $1 trillion in cash during the government shutdown. That dynamic I still sense is about to reverse. With the shutdown likely ending next week (Polymarket odds Nov 8–11) and Trump reeling from election losses and an impending Supreme Court defeat on tariffs, political logic demands a quick restart. Once TGA cash floods back in and the Fed pivots to December cuts, liquidity will again surge, the DXY will roll over, and momentum will reignite into year-end. The opportunity lies in catching this turn early watch Bitcoin, the purest proxy for liquidity’s return. Meanwhile its ironic that Hated and left for dead: Energy now makes up just 2.7% of the S&P500. This apathy to me creates more opportunity .
An investable conclusion: Next stop for New Yorkers= Florida= Buy ST JOE. ( tx HK)
DIGITAL ASSETS: My Nutstuff Blockchain utility parallel universe narrative is really firming up as fatigue hits. Again, we advocate buying the assets that have big business markets behind them where the crypto is invisibly solving a $1T problem, buy them and hold them for a long time, don’t trade shiny Kit Kat wrappers like a magpie. We deeply align with the need for a project like helium or GEODNET which are now showcasing. Yes it’s volatile but it will be liberating.
Nutstuff…
https://nutstuff.co.uk/disclaimer
“I dread our own mistakes more than the enemy’s intention.” Thucydides
“Democracy substitutes election by the incompetent many for appointment by the corrupt few.” George Bernard Shaw.
NEWYORKNEWYORK! Rather amazing to think 9/ 11 was 8821 days ago.
New York is waking to the London/ Sadiq Khan playbook, reheated and served with an American accent. Mamdani’s win in New York isn’t just a political upset, it’s a cultural declaration the moment their key metropolis officially decoupled from the nation. A 34-year-old Ugandan-born Shia socialist now running the city once ruled by Giuliani tells you everything about where urban politics has gone: it’s no longer about competence or crime, it’s about signalling virtue and demographic destiny. Maybe nations need a constant reminder of what not to do, ask if there is any chance N.Y.’s sacrifice may actually do some good?
What is very clear is that the same moral theatre that turned London into a sermon now marches through Manhattan. For Trump, it’s a humiliation; for the rest of us, it’s a warning that the West’s capitals are becoming cathedrals of ideology rather than cities that work.
GEOPOLITICS: Only those not understanding “the rise of the oppressed and revenge of the colonised” a thematic for the last 3 yrs+ in Nutstuff think it is insane that a socialist was just elected mayor of the financial capital of the world.
Yes, the Rich are fleeing the UK, and now probably will New York.
Where can the 0.01% now live?! Money goes to where it is treated best.
Amazing to think that in the UK the 0.01% ( top 4000 people) pay more than the bottom 8m and the top 100 payers of tax contribute more than entire North sea!
MARKETS & PORTFOLIO:Yes yes its been give-back time. Nutstuff has made few changes. I dont own PALANTIR and sold my AMD which would be the short vs a GOOGL long. ( more on stocks tomorrow).
Markets have just endured a violent 48-hour rotation high beta liquidated, value bid driven by liquidity starvation as the U.S. Treasury’s General Account hoarded over $1 trillion in cash during the government shutdown. That dynamic I still sense is about to reverse. With the shutdown likely ending next week (Polymarket odds Nov 8–11) and Trump reeling from election losses and an impending Supreme Court defeat on tariffs, political logic demands a quick restart. Once TGA cash floods back in and the Fed pivots to December cuts, liquidity will again surge, the DXY will roll over, and momentum will reignite into year-end. The opportunity lies in catching this turn early watch Bitcoin, the purest proxy for liquidity’s return. Meanwhile its ironic that Hated and left for dead: Energy now makes up just 2.7% of the S&P500. This apathy to me creates more opportunity .
An investable conclusion: Next stop for New Yorkers= Florida= Buy ST JOE. ( tx HK)
DIGITAL ASSETS: My Nutstuff Blockchain utility parallel universe narrative is really firming up as fatigue hits. Again, we advocate buying the assets that have big business markets behind them where the crypto is invisibly solving a $1T problem, buy them and hold them for a long time, don’t trade shiny Kit Kat wrappers like a magpie. We deeply align with the need for a project like helium or GEODNET which are now showcasing. Yes it’s volatile but it will be liberating.
Nutstuff…
https://nutstuff.co.uk/disclaimer
Nutstuff
Disclaimer | Nutstuff
Important Disclosure Statement from North Breache Limited, trading as ‘Nutstuff’.
❤1