Idk what the parameters for a risk asset are but Bitcoin is not a risk asset to me. Risk is a spectrum. For example, It’s more risky to tightrope over a canyon, than it is to go on a hike. Most assets involve trusting someone else, and most assets are exposed to the massive amount of leverage in the global economy. If you self-custody Bitcoin, you are trusting the Bitcoin network and you are trusting yourself. Holding Bitcoin does not feel risky, it feels safe. #Bitcoin #risk

High rate environment: commodities > companies #stacktuna #risk

We sure went from 31.4 trillion to 33 trillion in debt quickly. What’s the US Federal debt by end of 2024? #debt #US #Fed

Tesla reminds me of Microsoft. While Microsoft makes great computers, the software solidified Microsoft as a top/necessary player in the emergence of the computer/internet era. Microsoft’s competitors were forced to use Microsoft’s software giving them a huge leg up in the market. While Tesla’s cars are arguably the best electric vehicles, the charging infrastructure is where I believe they will make their bread and butter in the years to come. Tesla’s competitors will need pay Tesla to use their charging infrastructure to compete in the EV market. Building out their own infrastructure will most likely be a waste of time and money. #Tesla #software #dependence

The auto industry may be in for tough times ahead for many reasons. 1. The high rate environment we’re in has made it too costly for people to take out a car loan or any loan. It’s illogical to take out a loan with 8% interest payments. For this reason less people are buying cars. 2. Oil supply is tight, this is affecting both car producers and car owners. With higher oil costs car production costs are up. Due to the lack of demand for cars car producers aren’t in position to raise prices. This means a smaller profit margin for car producers. 3. Fuel prices are up with less supply to go around. This means less demand for gas vehicles as consumers look to alternatives. Owning a gas vehicle is becoming a luxury many people can’t afford. 4. The United Auto Workers Union strike is putting pressure on car producers to raise wages. Unfortunately car producers are already facing higher costs and less demand. It’s tough to create more money for their employees when they don’t have money coming in from customers. While the workers are dissatisfied with the car producers, I don’t think they’re to blame. Irresponsible monetary policy has led us to a place where many of these industrial workers can’t afford the things they need to live a comfortable lifestyle. This high rate environment is killing demand. A lower rate environment would increase demand. but it will have other consequences. The options aren’t great for the Fed. Keeping my eye on the auto industry moving forward. #autos #oil #stress

You can invest in a profitable business if that’s your preferred type of investment. One thing to consider, where does that business keep their money… probably the bank. If the bank fails the business probably fails. #business #banking #counterpartyrisk

Whether the fed raises rates or not, the eventual outcome is higher inflation.

Nice bounce off of 25K for Bitcoin. With the dollar possibly topping out its rally and the possibility of more good news on the way for Bitcoin (Bitcoin ETF approval), I like the current price. #Bitcoin #whatsyourprice

What a day for cannabis stocks! Aurora Cannabis (ACB) and Canopy Growth (CGC) up over 50%. #greensgoinggreen #cannabis View quoted note →

Don’t buy bitcoin to make money, buy it to have money