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Willcan

@willcan

76 Following
39 Followers
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Willcan
@willcan
How did this one age? Nearly 4 years ago to the date, Citron was the first to tell readers that MicroStrategy was the ultimate way to invest in Bitcoin, setting a $700 target. Fast forward to today: $MSTR has skyrocketed to over $5,000 (adjusted). Kudos to Michael Saylor for his visionary Bitcoin strategy. 🎉 benzinga.com/analyst-rating… Now, with Bitcoin investing easier than ever (ETFs, $COIN, $HOOD), $MSTR’s volume has completely detached from BTC fundamentals. While Citron remains bullish on Bitcoin, we’ve hedged with a short $MSTR position. Much respect to @saylor, but even he must know $MSTR is overheated
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Trump Team Mulls Creating First-Ever White House Crypto Role President-elect’s team is vetting candidates for the job Crypto industry executives spoke with Trump this week
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I would think about taking profits on risk assets you hold if you haven't already. There is a non-zero chance of a Yen carry unwind deja vu in the coming week. New @ForwardGuidance drops tomorrow with a lot of alpha.
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🚨BREAKING: The Federal Reserve's emergency BTFP dropped by a shocking $30 billion this week, leaving only $26 billion left. Jerome Powell is pulling the liquidity rug away to trigger a crisis, exactly like Feb 2020.
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Interesting that retail is going all in while the Billionaires are selling.
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so the french guy who yolo’d $30m on trump on polymarket noticed polls asking “who are your neighbors voting for?” instead of “who are you voting for?” had trump overperforming. so he commissioned his own poll to confirm. $49m profit in a week.
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Powell: "We've watched the run up in bond rates and it's nowhere near where it was a year ago" Oh really? 10Y yield, Nov 7, 2024 4.40% 10Y yield, Nov 7, 2023 4.50%
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number of active addresses are one of the most misleading and useless metrics in blockchain. here is a 40 line code that can generate 50 million 'active' addresses, each making transactions onchain
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Most crypto projects die because the founding team gets rich too early and you can’t recruit your way out of that.
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The last important pieces of the polling puzzle are in this morning (NYT polls & Muhlenberg in PA), and I'll say that I think Kamala is now somewhere around 55-60% range to be the next President. Given markets put Trump around 55%, I'm betting a lot on Kam at the moment. If you want to read further, I can explain why. Or you can stop now! -- Alright, so if you follow this account you know I hardly talk about my bets or what I think despite betting this stuff all day. I am very reticent to give people advice; it's hard enough doing this with my own money let alone thinking about anyone else's money. If people DM me for tips, I usually tell them to make the decision on their own. I don't think you should put a lot of weight into my numbers, and the reason I am posting I guess is mostly for posterity. An estimate of 55-60% is going to be wrong by at least 40 points in a few days. Feel free to pick what I am saying apart! I'm getting to 55-60% for Kam by balancing lots of pieces of information that are co…
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Huge swing in Pennsylvania betting odds in the past hour, where Trump has gone from 56/45 lead to suddenly trailing 47/50. As a reminder, whoever wins PA, wins it all
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China makes it very clear that its main weapon in response to more Trump tariffs is large, up-front Yuan depreciation. That's a game changer after the election. If Trump wins, $/JPY isn't heading to 120 but to 200. This election will have a massive market impact...
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UK taxes about to go limit up. So is Dubai real estate once all Brit millionaires flee there.
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At 2pm, France will be voting a world tax law. Meaning, if you're a French passport holder (thankfully I am not), wherever you are in the world, you'll pay a tax, just like US citizens. How f*cked is that?
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FDIC warns that 66 banks face the possibility of insolvency after being added to its problem list 🚨
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Japan's DPP leader pledges 20% tax cap on crypto gains in policy pitch for upcoming election Quick Take The leader of Japan’s Democratic Party for the People has included the reduction of taxes on crypto gains as part of the party’s policy statement. Japan currently imposes taxes of up to 55% on crypto gains as cryptocurrency is classified as miscellaneous income.
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Ethereum is in deep trouble UNI moving off-chain is only the final nail in the coffin, all apps are moving to competing L1s & L2s instead Collapsing ETH revenue, UNI was ETH's biggest fee-paying customer! Now ETH is being left behind, irrelevant & broken; Ethereum is cooked 🧵 What did we expect would happen after pushing all usage to competing chains ("L2 scaling") A cucked course of action from the perspective of ETH Betraying ETH's cypherpunk dream for the sake of L2 VC funding, as the ultrasound money meme has now been thoroughly defeated by "L2 scaling" It is as clear as day from the moment Dank Sharding was implemented, as you can see in the chart below:
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Yep, there's a crypto angle to the TD Bank scandal. It hasn’t hit the crypto press yet, but a big chunk of TD's $1.3 billion fine for violating the Bank Secrecy Act comes from its dealings with shady crypto exchanges in the UK and Colombia. (via TD's consent order with FinCEN)
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The great US real estate housing bubble crash is just getting started…when whales/Blackrock starts selling, they control the pricing dynamics…
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Tether Usage is Pretty Insane: -$50.2M in Gas the Past 30 Days, accounting for 37% of all application gas spend across chains. -Majority of usage is happening on Tron, with only $4.7M happening on Ethereum which is ~7% of Ethereum’s app gas Source: @artemis__xyz App Activity
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