FT Crypto Watch Oct 26

FT Crypto Watch Oct 26


Crypto readers, we love you!! Thanks for joining us here on the sunny beaches of the giant sandcastle of the Publish0x, to carry the Overton window for a life above fiat!! e05a47dd52aaa1a6e82fc71490b9afe4d863016ebb9c1593f0087dcb749ff5f0.pngThank you too algo!!   Today's love letter to y'all and crypto in the FT!! Here, cuz we do love y'all, reading music is this awesome punky love song.  The video has it all - bikes in the hot dog stand, pinball, hot cars n girls, dancing, skaters, Kiss makeup NPC,  whaddya want from life??

Changing FT fabric a click at a TIME baby!! It's day ninety nine of the FT's blackout on positive NEXO news.  Or any Nexo news  for that matter. 

DAY TWO of the FT news blackout of any hint that the new PM doesn't hate CRYPTO AH HAH HAH HAH !!! 

It's VERY funny.  What financial news DO we respect, Father Ted??  The Wall Street Journal?? b0420057f002e461494d8f853d6fcdfe280e98b507c4e6002dbe0b9df849120a.pngWhy the WSJ seems to be QUITE CLEAR on this Oh, wait wait, Bloomberg maybe boss? Oh wait Bburger already came out on Rishi & Crypto 4 Evah!!!!  9d17ee043b5ec9fcef2241b92c8dc5b0c96d98eb584edb0c8998e4db13e54a30.png

Not even gonna MENTION EVERY crypto rag in the biz, plus CNBC,  Forbes, CNN, and of course every single newspaper in India plus the Dainik Bhaskar will print a bonus edition to those 4.5 BILLION readers ah hah hah lonely over there FT?   What were we saying about phoney beatlemania and draw another breath?? 

TBF the FT does serve as the National Geographic lovely colour pics of today lol b3f42aa41c122b13308932d062f56f9be81e2e84d34da684466295ff7a47026e.png

TBF, the FT held a crypto news blackout radio silence for four years against LIz Truss, including her PM ship.  It turns out the FT did slip once, to make fun of Rishi early this year before the Watch started.   It's a HACK job,  groan, bigger groan. 7f42c6093eab10d1a94bc4719ce387b4da09b641dafd771da6b277b74d40eb1a.pngTLDR:  Wow, this article hacks away as hard as possible at crypto.  But it includes a really positive speech from John Glen, NOW the chief Treasury secretary!   To the FT, of course, that is puke inducing:09091a68da176024c3302f19be6689a47f532f367efaf8d249f562a572e40da9.pngTLDR; that was then and this is now.  And NOW is Day Two of the FT's total blackout on any pro crypto views from  Rishi !  Ar ar ar . 

Crypto that SAYs crypto in FT pink print today?  NOT a drop.  Crypto won't say crypto?  LOADS but this one is funny!! d902b87085f75faa615e7647701e63a472ae51fffb7f2d3bda122f7332925f12.pngThe family motto is a fast boat ready to rock with gold, spare passports and a star to steer her by baby!!! Not really, radar and sonar, satnav, autopilot.  Actually now a private jet and foreign bank accounts.  Still funny - China, where all BTC is banned, is still #2 hashrate providing that we KNOW of.  Where they are not even PAYING VPNs  to hide.  Shed another tear for old hong kong, before the takeover, the #1 coolest city in the WORLD in many categories (like GDP per square inch)  plus regular taxi drivers using AMG hammered Mercedes 600SLs as beaters to take you to the disco!!! It was such a sweet dream of raw capitalism!! 

 

Meanwhile, ONLINE the beat goes on: Yay !!  Hey, did we mention crypto winter is OVER??   OVAH Johnny OVAH!!!!! 

 

b99717c8ed7714c48ec68c60d87158ec053e9a405168bcea81b3e0ee92546d9c.pngTLDR: Bash bash bash!! Sis boom bah!! DESPITE crypto numbers go down!! Hong Kongers are in crypto already (58%) and going in more (34%)  in all the high net worth responders ( families worth 10 mm to 500mm. ) 

Cue the copy pasta? Nah, it's kinda OK!!   skip the bingo drinking game! The FT only prints a nasty crypto graph.  So here not in the FT pics!!   HKer's have watched the Hang Seng and real estate 1f0b15abdfd16594ba0812d03f27643fee16d5cdc96ed47f3f8ffdb348ae856b.pngand everything divefb35eab7ab7eef289952c1f1abaa2fa2c6b419db5cc30b20e1053580ce54c6c1.png this year, so crypto aint that bad looking.   Asian family wealth managers  knew this all along, in some ways they never lost first mover advantage on BTC, lol.   

Wow, can we get out without a negative crypto article really?  Just a blackout, lol?? Nah.....of course notd7db7de3379674702c2b938a7709048802f20629133f1798c264f957b4989305.pngTLDR:  BITO ETF loses the record!! The REAL story:  It's very funny, the FT gets some special quotes from Morningstar's crypto data to dance on the (NOT) grave of BITO.  Revenge for printing crypto on Monday's!! We see y'all, it's OK we still love ya.  BITO did lose 1.2 billion for investors who mark to market.  Hey, long term cap gains means ya gotta hold for two years anyway!!! 

BITO was  the worlds record ETF launch EVAH!!! BITO has had surprisingly few withdrawals!!  Numbers did go down tho so BITO is just the SIXTH worst performing ETF launch ever.  How's that for hostile headline contesting!!!  Lies dang lies and statistics!

The real story is in that hideous graphic the FT's team picked from Getty.  Nightmarish.  Now do the Pound lol!!! 

Well, the FT won't do that, but they include a repetition of the abuse: 836a489673fde2da882ce12ebbf1f3c2bb583ffb07d8371558b1dc59cf29478b.pngTLDR: still in the same story, a new version of same scary picture looking like cheap third world agitprop.  Repetition of the same abuse.  Also a nasty link off to an earlier FT hack job on BITO around the launch, claiming the popular  19th century futures market technical "contago" was gonna appear, and put the ETF's into a death spiral.  Yah the boogieman from the 1800's monster gonna get y'all crypto people.  Step OFF!!! 

ProShares says it does what it says on the tin, which is what clients want.  Ner ner ner ner.  More inflows are coming!! 

Not a mention of an FU to this story, despite the cheezy posturing of the pictures.  Todd from Vetta Fi says that buyers “remained extremely loyal to the long-term thesis for bitcoin."  Yes baby yes.  Even in the hack jobs, the truth is shining thru these days!! 

Ah well, SOME crypto in the FT!! Some of that very funny!  It's the honeymoon!!!  fef95f89802e9634ddc2559d130a83ed9a634e43acee3082299d6cc1c8156f91.pngAnd, and, uhm, NOW ETH is only down 57% not 60% so THERE!! FT!!  lol 

OK trying to write these notes earlier in the day, gotta bop. 

Peace out

Love

Dave

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

Really important lyrics, lol!! Why. cause they will  help  y'all sing along better THAT's why


Every mornin' there's a halo hangin' from the corner
Of my girlfriend's four-post bed
I know it's not mine, but I'll see if I can use it
For the weekend or a one-night stand
  Couldn't understand
How to work it out
Once again, as predicted, left my broken heart open
And you ripped it out

Something's got me reelin'
Stopped me from believin'
Turn me around again
Said that we can do it
You know I wanna do it again
 
(Every mornin' when I wake up)
(Shut the door, baby, don't say a word)
Oh
(She always rights the wrong, she always rights, she always rights)
(Shut the door, baby, shut the door, baby)

[Verse 2]
Every mornin' there's a heartache hangin' from the corner
Of my girlfriend's four-post bed
I know it's not mine and I know she thinks she loves me
But I never can believe what she said


[Pre-Chorus]
Somethin' so deceiving, when you stop believin'
Turn me around again

Love 

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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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