Michael Saylor on Lex Fridman
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It seems like a bad week to be pimping bitcoin... multiple stable coins are showing themselves to be less than stable.
I'm still even 0=0
JR
I'm still even 0=0
JR
Inflation is in the news now all the time (caused by Putin 
)...
I am enthusiastic about block chain technology, but bitcoin not so much. It was promoted as a hedge against dollar currency inflation and if true it would behave inversely with dollar moves. I don't follow it closely but pretty often see it moving correlated to risk on assets. If anything it looks like a fraction of the liquidity pumped into the economy through covid payments ended up in crypto currencies and meme stocks.
The meme stocks appear to be running out of gas and now crypto currencies are struggling. Stablecoin Terra broke its peg to the dollar and is now more like $0.30 not exactly a store of value.
If I was young I'd be all over these crypto lottery tickets, but I am too old to gamble like that.
Arguable 8-10% inflation makes the dollar a shrinking asset class.
The good news is that all the college students can pay back their college debt with cheaper dollars.
JR
PS: Today I'm looking at Eli Lilly, they have a new type II diabetes drug that is supposed to be an effective weight loss medicine. The market for that is HUGE.
)...I am enthusiastic about block chain technology, but bitcoin not so much. It was promoted as a hedge against dollar currency inflation and if true it would behave inversely with dollar moves. I don't follow it closely but pretty often see it moving correlated to risk on assets. If anything it looks like a fraction of the liquidity pumped into the economy through covid payments ended up in crypto currencies and meme stocks.
The meme stocks appear to be running out of gas and now crypto currencies are struggling. Stablecoin Terra broke its peg to the dollar and is now more like $0.30 not exactly a store of value.
If I was young I'd be all over these crypto lottery tickets, but I am too old to gamble like that.
Arguable 8-10% inflation makes the dollar a shrinking asset class.
The good news is that all the college students can pay back their college debt with cheaper dollars.
JR
PS: Today I'm looking at Eli Lilly, they have a new type II diabetes drug that is supposed to be an effective weight loss medicine. The market for that is HUGE.
