Today’s Nuggets
Japan is a Preview of U.S. 30-Year Yield
38% of the U.S. Debt Maturing into a 5% Coupon
Crypto Last 7 Days in Melting FIAT
Cantor Launches $2BN BTC Lending Unit
Solana Becoming 100x Faster with Alpenglow
Solana Goes Live on Metamask
UAE Stargate is Great for NVDA
Optimus to be used by Tesla Model X/S Lines
Starlink Coming to India for $10/month
Germany Now Top Creditor Nation
It is OCTA Tuesday, and it is also the first day of the Bitcoin Conference, which I will be covering.
So far, nothing new has broken from the conference on day 1. This will be an interesting one, and this is called Melt Up & Momentum.
I know that magazines and similar publications often share fear.
The article claims a potential 20-fold reduction in quantum resources required to break RSA encryption, based on Google's research.
The implication is that Bitcoin itself is at imminent risk in three to five years. This is both misleading and speculative. Current quantum computers are, by orders of magnitude, too weak to threaten Bitcoin's ECDSA, and practical attacks are likely decades away, not years.
The Bitcoin community will address those risks when the time comes and make sure the protocol is quantum-proof. For now, ignore these headlines.
This is a preview of Japan and what it means for the U.S. 30-year.
Many people have been discussing the long bond, long-term interest rates, and how they are skyrocketing. While everybody has been panicking in Japan, many have FOMO-ing into MetaPlanet.
Many now believe this is a sneak preview of what is going to happen to the U.S. Nobody wants 30-year bonds, and the only way to sell them is to
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.