TBL Liquidity and our Bitcoin Indicator, part 2
Treasuries rally, bitcoin bounces, and we debut TBL Liquidity.
Dear Readers,
You might have heard we are raising prices, but we failed to clarify completely that this does not affect you if you already are a paying subscriber:
Substack paid subscriber = TBL Pro (that's you!)
If you currently pay $10/mo or $100/yr, your rate is secured for life, you don’t need to take any action. You’re grandfathered in!
TBL Pro will go up in price for anybody NEW signing up AFTER August 1st, but YOUR prices will NEVER GO UP.
Bitcoin plans do not auto-renew—fiat only for the lifetime price. If your quarterly bitcoin subscription expires after August 1st, we are happy to help you get your lifetime, grandfathered price when the time comes. You can always reply to these emails—they come right to my inbox.
Take the opportunity now to lock in your lifetime price before we raise prices to $499/year! Download our new risk report here to see what we’re building.
We’re ready to share our liquidity model—a measurement of money sloshing around the world that should, in theory, help us measure the quantity of money available to flow into bitcoin. Our first version isn’t perfect, nor have we performed all the necessary regressions (don’t worry, we will), but I’m quite happy with the initial visuals. Lastly, a special mention to our new partners at Unchained—if you’re looking for the full suite of bitcoin financial services, we couldn’t be more excited to point you toward their team. Now, let’s dive in.
Unchained empowers you to fully control your Bitcoin with a collaborative multisig vault, where you hold two of three keys and benefit from a dedicated Bitcoin security partner. Purchase bitcoin directly into your cold storage vault and eliminate exchange risks with Unchained's Trading Desk.
Unchained also offers the best IRA product in the industry, allowing you to easily roll over old 401(k)s or IRAs into Bitcoin while keeping control of your keys.
Don’t pay more taxes than you need to. Use code TBL for $100 off when you create an account.
Today’s topics
Jobless claims keep heading higher
Treasury yields experiencing a bull move
Donald “45-47” Trump and the shape of the yield curve
Rate cuts
SOFR trouble and repo anecdotes from the Street
Debuting TBL Liquidity and further theorizing our Bitcoin Indicator