Trader Notes: Bitcoin Hits All-Time High
Dear Readers,
After half a year toying with the $100,000 level, bitcoin is taking its next leg higher. This is a gradual process of monetization—bitcoin becoming a global reserve asset. From a layered money perspective, we see bitcoin emerging as a neutral first-layer asset that is being secured by corporate and sovereign and investment balance sheets against any and all liabilities. This is a land grab.
We also ponder the budget, T-bills, the Eurodollar war, and the dirty politics behind another 6% deficit. Let’s get into some candles.
Stop asking how to value bitcoin. Start asking how to value everything else in bitcoin.
A new report from Unchained and Strive shows why companies and investors should shift their lens—and start benchmarking performance in bitcoin.
The Financial Freedom Report is a weekly newsletter from the Human Rights Foundation (HRF) that tracks how authoritarian regimes weaponize money to control their populations and suppress dissent. It also spotlights how freedom technologies like Bitcoin are helping everyday people reclaim their financial independence and freedom.
A one-of-a-kind newsletter connecting the dots between financial repression, geopolitics, and emerging tech.
Smart macro analysts don’t just watch the Fed. They watch the world.