Today’s Nuggets
Purchasing Price Index Rattles Markets
Cumulative BTC ETF Flows Are Up, Up, and Away
Correlation of 0.962 between ETF Money Flows & BTC Price
T+1 Manipulation Continues Like Clockwork
Bitcoin Black Hole is Eating Gold Alive (Alongside Other Assets)
On March 14 we celebrate Pi Day. Pi and Bitcoin (and IA) share deep roots in mathematics and technology, with Pi being a crucial mathematical constant and Bitcoin relying on blockchain and cryptography.
Both have special days celebrated by enthusiasts:
Pi Day on March 14 (3.14) highlights the constant's numerical value
Bitcoin Pizza Day on May 22 marks the first real-world Bitcoin transaction.
Community celebrations for both include:
Pi Day's pie-eating contests and educational activities
Bitcoin's conferences and hackathons to discuss cryptocurrency advancements.
On May 22, 2010, somebody sold 10,000 Bitcoin for two pizzas, which would be worth $720M today!
The markets are rattled due to the high PPI print. The Fed does not control the Purchasing Price Index, nor does it control inflation. It is only a matter of time before they have to cook the books so they can pretend that inflation is at this magical number of 2%. The only thing that the Fed can do is destroy demand and break things.
Now, investors are hoping for a rate cut that has been pushed forward to May. It really does not matter when
Keep reading with a 7-day free trial
Subscribe to InvestAnswers Newsletter to keep reading this post and get 7 days of free access to the full post archives.