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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Horgad who wrote (168272)	2/8/2021 6:13:18 PM
From: TobagoJack	Respond to of 217713

USD? 18 months up, and then down down down, according to Martin Armstrong, and NYSE up until 2025-26, then into 2032 when ... In the meantime I must say it feels good to be able to report BTC reports w/o trepidation, as Julius cited M Saylor, <<Tesla has 'de-risked' purchase of Bitcoin by public companies - Microstrategy's Saylor>> Message 33187893 So I do not think of my re-entering GBTC as a correction of an earlier mistake, because BTC today is very different from BTC last Friday. So, in that spirit, I cite a dated but well written report I should have read earlier but didn't - a free report follow link Should Apple buy in, then all must do same. I remember when first reading about the internet 1999, and I remind self that 80% of the gains are made in the last 20% of any bubble. In any case, the author is obviously having fun. nydig.com CLOSING PERSONAL THOUGHTS Purely from an investment perspective, I can analogize this research piece in six words: Bitcoin is like Google without antitrust. Consider the following thought experiment: imagine 15 years ago that you knew with certainty Google would never be subject to antitrust, ever. How would you have scaled your Google position at the time? Imagine you knew that today. How would you scale Google in your portfolio right now? Enter Bitcoin. The standard institutional investor approach in evaluating a bitcoin allocation will likely focus on its asymmetric upside potential and lack of correlation. Bitcoin will be run through an industry- standard portfolio optimization framework and, though the optimizer will want an irresponsibly large position, most allocators will end up with an initial 1-5% position. While I understand the institutional constraints necessitating this approach, it misses the real story and power of Bitcoin, which has everything to do with the nature and importance of sound money. Money is, and has always been, technology. Specifically, money is technology for making our wealth today available for consumption tomorrow. Sound money – along with language – were the first, and have forever been, the most important human networks responsible for human flourishing. The real Bitcoin story is that Bitcoin is the best technology for money the world has ever seen. Extrapolating the implications of Satoshi’s profoundly original insights, I believe Bitcoin’s long-term impact on humanity and civilization will be on par with inventions like fire, the wheel, penicillin, the printing press, aqueducts, and the internet. In future correspondence, NYDIG’s research will expand on Bitcoin’s long-term, world-changing features – and why they matter – including its: ¦ Supply being impervious to its demand, the first-ever money, or commodity of any kind, for which this is true ¦ Guaranteed digital scarcity, a groundbreaking invention which means, among other things, that when a digital good (i.e., bitcoin) is sent, the sender does not retain a copy (compare that to, say, when an email, or any other digital good, is sent). Guaranteed digital scarcity is what makes bitcoin’s fixed supply,its most important feature, actually fixed. ¦ Difficulty adjustment, Bitcoin’s most underappreciated breakthrough, a genius application of game theory, and the fundamental reason why its network will always be secure At the most superficial level, buying bitcoin as a portfolio diversifier, or as a hedge against inflation, makes good sense, and I strongly believe a 0% allocation is the wrong number for every investor. However, Bitcoin is anything but superficial. In a world replete with unfairness, injustice, the institutionalization of moral hazard, and the State’s increasing domestication of our individuality, Bitcoin’s incorruptible fairness, justice, truth, and beauty represent a beacon for all optimists who seek personal sovereignty, personal improvement, and peace. Bitcoin is far more important than a non-zero portfolio allocation. Ross Stevens, Ph.D. Founder and CEO, Stone Ridge Holdings Group Founder and Executive Chairman, NYDIG

To: Horgad who wrote (168272)	2/8/2021 6:32:06 PM
From: TobagoJack	Read Replies (2) \| Respond to of 217713

the regulators of all nations needs to crackdown and hard, and soon, else why would anyone buy zirp / nirp sovereign debt? bloomberg.com Global Funds Ditched JGBs in 2020 for First Time in Seven Years Masaki Kondo 9 February 2021, 06:47 GMT+8 Global funds turned net sellers of Japanese government bonds last year as exceptionally low volatility reduced trading opportunities and as they poured money into super-safe treasury bills. Overseas investors offloaded a net 2.79 trillion yen ($26.5 billion) of JGBs, the first drop since 2013, according to the latest balance-of-payments data. They still bought a total of more than 3 trillion yen of other types of Japanese debt -- including bonds issued by government agencies, local governments and other entities -- and a record amount of treasury-discount bills. “Low yields and low volatility reduced speculative flows into long-dated debt aiming for capital gains,” said Naoya Oshikubo, a senior economist at Sumitomo Mitsui Trust Asset Management Co. in Tokyo. Foreign investors must have bought non-government debt “to profit from credit spreads and also due to speculation the spreads would shrink.” Japan’s was the only government bond market globally to post an annual loss last year. The Bank of Japan’s yield curve control policy kept central bank bond purchases in check even as the government increased planned issuance to a record amount. The resulting rise in long-end yields saw the gap between the 10- and 30-year yields widen by the most since 2012. Foreign DemandGlobal funds buy record amount of Japan's T-bills while selling government bonds Sources: Bloomberg, Bank of Japan, Ministry of Finance Investors in Japanese government bonds are now wary of the BOJ’s policy review, the results of which are due for release in March. Speculation is growing that the central bank will cut back debt purchases to let the benchmark 10-year yield fluctuate in a wider range. Global funds did manage to keep pace with an explosion in issuance of short term debt, however. As the amount of T-bills outstanding surged 86% last year, foreign purchases climbed to a record 21.4 trillion yen. “Foreigners could have shifted to shorter-duration T-bills to reduce risks” at the height of the pandemic, said Shuichi Ohsaki, chief rates strategist at Bank of America. BOJ Seen Buying Less Bonds If It Widens Yield-Trading Band Ohsaki expects global funds will support JGBs this year, though he does see a risk of more steepening in Japan’s yield curve if demand weakens further. Preliminary figures from the finance ministry showed overseas investors bought a net 486.7 billion yen of Japanese bonds in January, though no asset-class breakdown is available. — With assistance by Chikafumi Hodo Before it's here, it's on the Bloomberg Terminal. LEARN MORE

To: Horgad who wrote (168272)	2/8/2021 10:35:57 PM
From: TobagoJack	1 Recommendation Recommended By marcher Read Replies (3) \| Respond to of 217713

I pondered Message 33187977 <<However, Bitcoin is anything but superficial. In a world replete with unfairness, injustice, the institutionalization of moral hazard, and the State’s increasing domestication of our individuality, Bitcoin’s incorruptible fairness, justice, truth, and beauty represent a beacon for all optimists who seek personal sovereignty, personal improvement, and peace.>> ... and I conclude that 'THEY' are soooooooo going to crush BTC, or rather, try, and if BTC proves fragile, it gets crushed, hive-mind and all, into a virtual pate of sort - iow, nothingness state without even benefit of wall decoration Issue: how are they going to try, and will it be effective I do not know, except that 'THEY' must try. With paper currencies they do not like, they remove on- / off-ramps to other currencies, and introduce fraudulent copies With gold and silver, they tee-ed up paper- gold and silver, and derivatives of derivative, gamed the market, and made holding of physical gold illegal whenever convenient, What will they try against bitcoins ? Dunno, a/k/a imponderable.