My February newsletter is out now. Because scheduling things on the day of the Super Bowl is apparently how I do things.
The issue focuses on the Fed's shift toward balance sheet expansion, the impli...
This is such an awesome breakdown, and timely 😁🦅
Since you mentioned the metals, I am curious what you think about the metals game players doing a flight to physical holdings vs 'paper metals', and I guess just making sure they're not the last musical chair?. I know it's just a sideline to the overall market but what fascinates me is I think BTC is going to be dealing with this paper BTC trades on price printing and apparently that happens in futures moreso, but is it's innovation in 10m block time settlement enough to not go the same way the gold ETFs did? Basically, the ability to call in the 'physcial bitcoin' quicker? Or is everything ETF touches just going to be traded well beyond any sense of someone actually holding the resource.. 🤔
happy sunday, nice day to be pondering economics 🎉
Since you mentioned the metals, I am curious what you think about the metals game players doing a flight to physical holdings vs 'paper metals', and I guess just making sure they're not the last musical chair?. I know it's just a sideline to the overall market but what fascinates me is I think BTC is going to be dealing with this paper BTC trades on price printing and apparently that happens in futures moreso, but is it's innovation in 10m block time settlement enough to not go the same way the gold ETFs did? Basically, the ability to call in the 'physcial bitcoin' quicker? Or is everything ETF touches just going to be traded well beyond any sense of someone actually holding the resource.. 🤔
happy sunday, nice day to be pondering economics 🎉