FT crypto watch Dec 29


Crypto players, we LOVE you!! So happy to be witcha in the last precious days of 2022!!! Thanks for lifting the Pub 0x upwards and onwards into a life above fiat!! 

Reading music? christmas AND o oh oh OH YEAH KOOL AID MAN!!!  Y'all know we can't resist THAT:TLDL:  OH YEAHHHHHHH!!! 

what do we get in the pink lady today???   Crypto that doesn't BOTHER to say crypto, ar ar ar b2bcb59aee5e095bbe31dfb7f32d05b989ba5e753add54ef21238be7e679c386.pngTLDR: 18 trillion piffed in 2008.  23 trillion piffed in 2022!!  Whahooo!!!! Two trillion?  those are ROOKIE numbers, cryptocurrencies!!!   Hey, global debt is 300 trillion what WTF???   Only the 170 trillion liquid matters, when that went down by ten trillion, that's when the current asset drop hit. 

So, going forward, China is crying out for looser money, plus the dollar is down and oil is down a little.  The Fed is gonna have its cake and eat it too!! They will loudly trumpet Quant Tightening selling while trying to unload 95 billion a month of the giant stash of bonds from themselves that they sold and then bought back ( did they ever really sell them at all then?? )   

But the QT doesn't matter that much.  It's pretty funny, the Fed  BOUGHT (eased!!!) 157 billion in just six weeks as "liquidity" operations !!  So, at just that rate --- it will take - forever, never, still adding debt ar ar ar !! 

Plus there's the 450 billion Treasury account with the US that WILL go up, plus theres the Fed's Two and a Half TRILLION reverse repo window!!! Plus with rates up, the Fed is dishing out 200 bn in interest!!   Stealth QE is ALREADY live, it's not a 2023 thing!! 

The REAL story:  it's still all true, the BTC premise:  Gummints CAN"T give up loose money!!!  0fa65c9d0da0823e3ca761c2b6a1adddfbabe4ce2d654ee6f80914f9b3ba74da.pngTLDR:AH ha ha HA HA HA HA!!

 

Online what do we see??  Rock n roll is here to stay, it will never die, we can denominate NFT's in fiat if that makes y'all feel better!!! 3e7850da7b33950dfe4f35cdfb267996a37726895a78a2e46b9ef151da16f069.pngTLDR: ar ar ar !! It's funny, Finzer says more and more of your assets will be digital going forward.  At home, on Insta, what EVAH!!!   Here's a graph of the fall of Open Sea, but all we see is the rise of what's that BLUR?  We are half colorblinddc557f8ee4682958b59de4d17506335e9c6e2f306dd73dce490b3896f23552dc.pngThere's not red, red and whoa we have to concentrate!! Is that Element?  Blur? not Foundation nor LooksRare??? huh let's try another source: NOT in the FT c88fad648474f597e3fe0193fd8c6dd08f329347e845680a00c08303a1357bb8.pngTLDR: THAT doesn't match up AT ALL.  Where's Magic Eden and Immutable X in the FT??   Sure looks like it's ALL still Open Sea once you get outta the FT!!??!?

 

Huh we gotta go look for FUN crypto!! Like Kool AId woulda wanted!! ar ar ar EOOOOOOOO!!380bbf846f0cd5e7672743aabe68821a214f74dc4982e2f9f9d1acf0cc4ef221.png

Peace out, 

love

Dave

Please refer a friend!!! Here is your ambassador link: https://www.publish0x.com?a=WZdPKv2bKg

It's that time of year again?
Kool-Aid Man you ready for Christmas?
Ohh yeah! All I really want, really want for Christmas
Is everything on my list, baby Having a party on Christmas Eve
And I got a whole lot of Christmas glee
Whole lotta gifts I'd like to receive
And you know all year I been planting them seeds (Oh yeah!)
Everybody in here VIP
Ol' Saint Nick that's the MC
Got us getting turnt on some old CD's
Playing all your favourite songs from A to Z
Feliz Navidad, no eggnog, more Kool-Aid
All I really want, really want for Christmas
Is everything on my list, baby Under the mistletoe, I got it made
Red cup, cherry lime-aid
So much food it's like a buffet
I got nips I'm the king of Spain
Lil' kids and your dancin' real silly
Trying to do that dance like Milli
Why you like it when I wear my grilly
Lil' snowman, why so chilly?
Feliz Navidad, no eggnog, more Kool-Aid
Ohh yeah! (yeah)
Oh oh yeah, oh yeah, oh oh oh
Oh oh yeah, oh yeah
Oh oh yeah, oh yeah
Oh oh yeah, oh yeah, oh yeah
Oh, oh, oh yeah!

 

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Dave Sawyer
Dave Sawyer

National Merit got this punk rocker to Oberlin, and Wall Street fintech gave up world tours and an NYU MBA. I am a Bitcoin true believer. Bitcoin is deeply revolutionary in a way we always prayed tech would be. Keep the baby Faith!


FT WATCH - the Financial Times on Crypto!!!
FT WATCH - the Financial Times on Crypto!!!

The WSJ turned into USA today - which leaves the FT at the top of the heap for serious financial news! Join us for a semi-serious monitoring of the FUD & hate the FT now showers on crypto. Dear readers know we love that pink newspaper but boy howdy does the FT despise crypto--- it's funny. The old guard always fights the new guard. The FT does it eruditely, with misleading comments, fun graphs, and outright lies (usually) attributed to crypto's greatest enemies!

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