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Mike

@mikeabundo

144 Following
209 Followers
Mike pfp
Mike
@mikeabundo
If money is the new God, then all have sinned and fall short of the glory of God.
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Mike
@mikeabundo
In finance and romance, everyone gets the price they deserve.
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Mike
@mikeabundo
The next full moon is on May 23rd. The spot ETH ETF decision is due on May 23rd. Respect the rock.
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Mike
@mikeabundo
I’d be okay with ETH spot ETFs omitting staking at launch. Leave that risk to the onchain degens who know what they’re doing.
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Mike
@mikeabundo
Financial innovation does not cause crashes. Overleveraging on financial innovation causes crashes.
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Mike
@mikeabundo
Restaking is not leverage. Leverage is borrowing against your house to buy another house. That could cost your house. Restaking is stuffing more and more people into your house. That could wreck your house.
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Mike
@mikeabundo
Getting the ETH spot ETFs approved would be a quick way for the Biden administration to ease up on crypto after Trump’s statement of support for the industry was met with cheers.
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Mike
@mikeabundo
Try not to get liquidated while whales accumulate.
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Mike
@mikeabundo
“Liquidate me like one of your crypto coins.”
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Mike
@mikeabundo
The battle for the future of money is as fierce as the battle for money itself.
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Mike
@mikeabundo
If whole stadiums full of normies still boo at Bitcoin when it’s over four times up from this cycle’s low, imagine how high it will be when they cheer at this cycle’s high.
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Mike
@mikeabundo
Every time I have a strong view on something, I ask myself if I would care to express that view financially. Finance is self-expression.
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Mike
@mikeabundo
Those seeking to grow wealth should not emulate those seeking to preserve wealth.
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Mike
@mikeabundo
Not a single realtor I’ve asked can give me an estimate as to their industry’s next cycle peak. Real estate has existed as a formal asset class for 250 years. Unsophisticated retail will have no idea when to jump ship before the next crypto cycle peak.
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Mike
@mikeabundo
One way to mentally handle the risk of becoming poor is to realize that you’re poor anyway.
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Mike
@mikeabundo
Web2 changed the primary paradigm of the Web from search to social. Web3 changes the primary paradigm of the Web from social to trade.
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Mike
@mikeabundo
GenAI augments humans in media. Crypto augments humans in finance.
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Mike
@mikeabundo
Online gaming is ritualized social networking.
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Mike
@mikeabundo
Observing how some rich guys treat young women in my country makes me want to become a rich guy and treat them better.
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Mike
@mikeabundo
Short-term EL point farmers have left in a huff during an uncertain FOMC week and ETH is still around $3K.
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