Today’s Nuggets
National Debt Goes Parabolic!
Liquidity is Down!
AI is Unstoppable, to Musicians’ Dismay?!
Oil Surges to Spike Inflation?
Pre-Halving Pattern Continuance?
The ETF Migration Effect
New-Token Monopoly
Airdrops Are Arriving!
Exploring Correlations
Gold Bugs Buzzed by Bitcoin?
Crypto Market Update:
The global crypto market cap is $2.6 trillion, with a high 24-hour volume of $130 billion.
The price of Bitcoin is $65,500 and BTC market dominance is 52.2%.
The Crypto Fear & Greed Index is currently Greed (79).
Capital continues to flow into Bitcoin, with the Realized Cap rising to a new high of $540B, and rates of capital inflow into the asset now exceed $79B/month!
Big Unlocks:
SUI = $61M
GAL = $13M
APTOS = $375M
All of these tokens that do not have good tokenomics come with a lot of dumpage! This is one of the many reasons why I do not like them.
A wallet tagged as belonging to the U.S. government moved 30,175 Bitcoin to what is reportedly a Coinbase wallet, late Tuesday morning.
At Bitcoin's current price around the $65,000 level, that would be approximately $2B worth - in reality, a nothing-burger.
For some reason, these market fluctuations are still rattling some people.
Everybody in our community should be buckled in with our bags packed.
I will try to provide some comfort, as follows...
As we are still covering ugly news, let us talk about debt.
The U.S. government added $1.6T in debt over the last two weeks!
Normally, debt explodes during recessionary times; however, the U.S. is not in a recession or crisis.
How long will it take the taxpayers to pay it off with 5% interest?
This is kind of a dark headline. Bloomberg's economics department shows a 90% probability that the U.S. debt path is unsustainable.
There may be major financial instability ahead.
I warned you earlier but it is important to know what is coming down the pike as it is better than being unprepared.
This is why we Bitcoin.
Musicians to be replaced by AI?!
Hundreds of musicians, including Billie Eilish and Nicki Minaj, signed a letter urging AI developers to stop using their work without permission.
The music industry is lobbying for legislation to protect artists from AI.
AI cannot be stopped!
The Screen Actors Guild tried that last year. AI will disrupt everything, and there is nothing we can do about it.
It will disrupt what I do… but I am prepared. Embrace it or suffer the consequences.
Oil prices have officially broken above $85.00 for the first time since October 2023. Since the December 2023 low, oil prices are up over 25% as geopolitical tensions have escalated.
PPI, CPI, and PCE inflation all posted year-over-year increases in February.
Does the FED control inflation?
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