Hugh Naylor

@hughnaylor

88 Following

205 Followers

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Me when my dad says crypto is worthless and that I should instead buy gold and start “value investing” (Not really, I loved my dad, but directionally maybe)

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As a user of various DEXs on ETH and SOL, I’m now increasingly impressed by Hyperliquid. It’s obviously highly performant, but little things like the easy P&L display really go a long way (especially when you’re in the red like me 😉). Would be nice if Base could get a HYPE integration (same with Solana)

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Of course there’s the other method of analyzing Wizard of Oz —> playing Pink Floyd’s Dark Side of the Moon at the lion’s third roar at the start of the movie, then getting high af

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Dump your Hermes bags and buy Fartcoin instead 💨

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1/5 Given the econ upheaval of late, it’s interesting to note The Wizard of Oz was seen as a populist critique of the 19th Century monetary order. Basically, a story about working Americans fighting against the shenanigans of Euro central bankers. The people’s money at the time, silver, versus the gold standard.

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The Admin’s chair of econ advisors, Stephen Miran, wrote a paper calling for ending dollar reserve role. Here’s a link, and fwiw I’m now in favor of Fartcoin as reserve currency https://www.hudsonbaycapital.com/documents/FG/hudsonbay/research/638199_A_Users_Guide_to_Restructuring_the_Global_Trading_System.pdf

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Agree with Arthur Hayes that the macro cycle is shifting positively. Predictions: - Gold: takes a breather, temporary pullback - Silver: outperforms (way too low relative to gold) - BTC: dominance eases, then significantly so by fall - Alts: HYPE, SUI, SOL outperform - Surprise: Fartcoin overtakes Shib and Pepe

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How funny that this was the actual top of the memecoin supercycle

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Crypto and the Trump Admin could experience friction over stablecoins. Some in the Admin want to devalue the $ to spur domestic industry. Others don’t because this would diminish reserve-currency status/global influence. Bringing stablecoins to billions of people would increase $ demand and make devaluing harder

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Short answer: yes to gold up. Nerd answer: For this pivot to US protectionism to work, I’m kinda in the Luke Gromen/Mel Mattison camp. The dollar will have to be devalued in a big way ultimately to inflate away huge debt load/incentivize domestic industry (ie significant monetary inflation for a while), entailing a major restructuring of US debt (YCC/QE etc). So dollar remains a — but not the only — reserve currency. But US treasuries no longer reserve asset in such a scenario. For the latter, the US/world will likely need a neutral reserve asset like gold and maybe some Bitcoin. Possibly signs of this already happening with gold. I could be wrong!

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Vey kind and thank you! For the record, I’m a fan of many coins, but the orange one holds a special place in my cold, dead heart

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Or, if you’re a US national security hawk concerned that this is China dumping treasuries for gold, then sell all your gold for Bitcoin 🤷

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If the US is to lessen global reliance on its debt and debase the dollar so as to stimulate domestic industry, now would seem to be a good time revalue all that gold at Fort Knox

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Memecoins have value because other people believe they have value (which is the definition of value), and they will come roaring back soon enough

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