Kane McGukin

The human urge is to corral collateral and then print. We saw it with gold We saw it with oil We see it with Treasuries We’re seeing it with Bitcoin, but we’ll call it Digital Credit for the sake of making it feel different. A new generation of gold bugs is born.

How to Make a Bitcoin 𝖳̶𝗋̶𝖾̶𝖺̶𝗌̶𝗎̶𝗋̶𝗒̶ Mint: Print Equity

How Wall Street Turned Scarcity into Credit Again

The tariff comments seem to be misplaced. It’s not about Tariffs. They are secondary to the important point. It’s about access. China has effectively threatened to do what the US did when cutting Russia off from SWIFT. Except there are other ways to make money transfers and there aren’t many other ways to ship goods. The power is in the supply chains, as I noted in 2021 when kicking off my SubStack:

Current Personal Thesis and Reflections

Our choices are dollars or not dollars...

Enjoyed sitting down with @Pierre Rochard for EP64 to explore the rise of Bitcoin-backed notes. We discuss what happens when Bitcoin becomes collateral, SPVs, private credit, and why declining volatility helps set the stage for a true Bitcoin yield curve. 🔗 🎧 to listen👇 Apple Podcasts:

Apple Podcasts

Navigating Bitcoin

Investing Podcast · Updated Daily · Navigating Bitcoin

YouTube:

Would it have been really fun for me to come in and just keep issuing a lot of debt? and… it’s almost like a bodybuilder taking steroids. Outside looks great, you’re muscular. Inside you’re killing your organs. That’s what was going on here.” -@SecScottBessent As a teen, diving deep into MLB’s steroid issue (late 90s) taught me a lot about our current issues and how what appears like a good thing is really damaging to the system. Reflected on those lessons with @Marty Bent / @TFTC (), Glad to see Bessent making a similar connection (around 19min -

X (formerly Twitter)

Tucker Carlson (@TuckerCarlson) on X

Treasury Secretary Scott Bessent explains the administration’s new tariffs, and why we had to do something to stop the slide. (0:00) Trump’s T...

) . There is a lot to be learned from this relationship.

Most people view investments as a way to make 💵, a way to buy more stuff. When you flip your optic to viewing investments as a way to make progress, to be productive… The outcome changes dramatically for the better.