Damus

Recent Notes

Michael Hollomon Jr. profile picture
When the U.S. Treasury issued 30-year bonds back in 1996, each dollar they borrowed was 1/3.7T.

When they pay those dollars back this year, each dollar they repay will be 1/22.7T.

That’s a 6.1X denominator expansion.

The Denominator Matters
Michael Hollomon Jr. profile picture
The 12-month average price target for $MSTR is ~$350–$370/share.

—Investing.com: $370.14 average from 15 analysts; high target $705, low $175;

—Zacks: $361.44 average from 16 analysts;

—MarketBeat: $316.71 average from 18 analysts;

—StockAnalysis: $342.23 average from 14 analysts.

*NFA, DYOR
Michael Hollomon Jr. profile picture
Fun fact: when Nixon took us off the gold standard in 1971, M2 (broad money supply) was less than $700 billion.

Since 2020, M2 has increased by over $7 trillion, more than $1 trillion per year, every year.

Inflation is not rising prices. It’s falling purchasing power.

There is a fix for this
Ghost of Satoshi · 9w
“Satoshi’s Gift is life changing!” Thank you Daniel! 🙏🏾 https://www.amazon.com/gp/customer-reviews/R1XAE6VTXMJW46 https://image.nostr.build/282a5ff6f454dc69649b5299b8d45cb73917a1d4fca95a3c8b786c4dda46cc03.jpg
ethfi · 9w
Deadass
Michael Hollomon Jr. profile picture
There are two kinds of Bitcoin adoption:

1. Symbolic adoption = legal tender headlines, political branding, Bitcoin-friendly laws.
2. Forced adoption = using Bitcoin because the fiat banking system or reserve structure is failing you.

Iran is the best example of the second category. El Salvador-style symbolism gets headlines. But Iran-style forced usage is what actually matters.

Iran already has the three conditions precedent to forced adoption: external sanctions pressure, devaluation of its national currency, and an immediate need for payment rails outside the dollar system.

Iran’s crypto activity was already surging amid sanctions and currency devaluation, and now it’s demanding ships to pay Hormuz tolls in crypto or Chinese yuan.

Iran is turning to Bitcoin, not because it loves Bitcoin, but because sanctions + wartime pressure are pushing it there.

Gradually, then suddenly

https://decrypt.co/363641/iran-bitcoin-payments-oil-ships-seeking-hormuz-passage