# 🧠Quote(s) of the week:

'The world has a 0.1% allocation to Bitcoin. Another way to think about this:
1% of the world has a 10% allocation.
99% of the world still has a 0% allocation.
It's still so early for Bitcoin.' -Jesse Myers

'The length of time that someone has been a Bitcoiner neither indicates how wealthy they are nor is it correlated to how well they understand Bitcoin.' - Jameson Lopp

## 🧡Bitcoin news🧡

On the 30th of September:

➡'If Bitcoin continues following the trajectory of global M2 money supply, it's heading to $90,000 before the end of the year.' -Joe Consorti

Have you already read last week's gift - Lyn Alden's & Sam Callahan's article/research? No?

The research suggests that Bitcoin is more closely tied to global liquidity conditions than other assets, making it a valuable macro barometer for investors: https://www.lynalden.com/bitcoin-a-global-liquidity-barometer/

➡Taiwan's Financial Supervisory Commission has announced that professional investors can now access Bitcoin ETFs under specific regulations and oversight.

➡Ohio State Senator, Niraj Antani, introduces groundbreaking bill to allow all state and local taxes to be paid in Bitcoin.
The states will lead.

➡ On this day, Argentina's President Milei met El Salvador's President Bukele.
Argentina's Vice President talks with El Salvador's President about their Bitcoin volcano bonds  "Bitcoin is something that interests me a lot"

On the 1st of October:

➡There's little spot market activity, suggesting waning interest and potential price stabilization. Bitcoin needs a catalyst to rally significantly, per Bitfinex.

➡Bitcoin just closed the month UP 7.3%.
The biggest September gain in 11 years.
When Bitcoin goes up in September, it continues going up every single month in Q4. 3 out of 3 since 2013.

➡Robinhood now allows European users to withdraw Bitcoin and crypto to external wallets - CNBC

➡Galaxy Digital predicted that ETH ETFs would receive $1bn of net inflows per month for the first 5 months

We are over 2 months in, and ETH ETFs have actually had NET-NEGATIVE flows
How did they misread the market this badly? Here you can find the [report ](https://www.galaxy.com/insights/research/sizing-the-market-for-the-ethereum-etf/)

They hired an ETH "expert" (shill) for the analysis. What could go wrong...brutal just brutal! Don't do shitcoins ladies & gentlemen.

➡ Spot Bitcoin ETFs bought up all the BTC mined in September.
[](https://image.nostr.build/43726058885971012a529337bc37fecd9a3d39fcacf8271c284b1466b0661b8d.jpg)

➡Metaplanet has purchased an additional ~107.91 Bitcoin for ¥1 billion at an average price of ¥9,266,724 per Bitcoin.
As of October 1, Metaplanet holds ~506.745 Bitcoin acquired for ¥4.75 billion at an average price of ¥9,373,557 per Bitcoin.

On the 2nd of October:

➡'Less than 20% of the Bitcoin in circulation has moved in the past 6 months.' -Wicked
Meanwhile, the 6-month HODL Wave has risen above 80%—a level that bitcoin has only surpassed once, roughly a year ago.
Ergo supply is starting to get really tight.

➡Blackrock and Fidelity Bitcoin ETFs are among the best launches of the last ten years.
Bitcoin has shaken up the wall street.
IBIT $23.2 Billion assets
FBTC $11 Billion assets

➡$526 million leveraged Bitcoin positions were liquidated in just 24 hours. Don't do leveraged plays people, REKT!

On the 3rd of October:

➡Talking about Blackrock and how Bitcoin has shaken up Wall Street.
BlackRock has become Bitcoin’s biggest advocate. Now they’re posting charts showing the decline of US dollar purchasing power. And show how Bitcoin through the lens of a global monetary alternative.  Let that sink in for a minute.
The largest asset manager in the world making a well-polished case for Bitcoin to clients with a ginormous chart of the decimation of the dollar's purchasing power since the establishment of the Fed.

[](https://image.nostr.build/615b1b517361bffee6adce17d73cf90416a1e9e408bcd563cd60482188fc7a4d.jpg)

They even said during the conference in Brazil: "BlackRock says Bitcoin is “Risk Off” as a global monetary alternative, while ETH is “Risk On” as a blockchain play Bitcoin is money, the rest of “crypto” is just a gamble.

On the 4th of October:

➡Coinbase will delist all unauthorized stablecoins, including Tether, from its crypto exchange in the EU by year-end.

The EU’s new MiCA rules, fully effective Dec. 31, require stablecoin issuers to hold e-money authorization in a member state.

➡IMF calls for El Salvador to limit Bitcoin exposure.
This is after the IMF admits (Official IMF press [conference](https://www.imf.org/en/Videos/view?vid=6362814768112)): that a key reason why it’s withholding funds from El Salvador is that it doesn’t like Bitcoin and the fact that the government has added it to its national treasury. The IMF is a monetary colonialist.

What the IMF is screaming out loud from the rooftop is: „ If you don‘t stop this Bitcoin thing we can‘t suppress you anymore and then we are fucked“
El Salvador just like "I don't care" and „F*** you“.

On the 7th of October:

➡Metaplanet has purchased an additional ~108.79 Bitcoin for ¥1 billion at an average price of  ¥9,192,359 per Bitcoin.

As of October 7, Metaplanet holds ~639.50 Bitcoin acquired for ¥5.965 billion at an average price of ¥9,326,856 per Bitcoin.

➡Bitcoin is the best-performing asset so far this year - NYDIG

[](https://image.nostr.build/2db02b73af267a4aa4439d30bc16e1d1da10b60f46c33a757c5168c2de0dfc0e.jpg)

➡Mayor of Rockdale, Texas writes an opinion letter on how Bitcoin mining revitalized his town.

“We are on the cusp of a new economic renaissance - a digital energy boom - thanks to Bitcoin.”

## 💸Traditional Finance / Macro:

On the 1st of October:

👉🏽Blackrock AUM is $ 10 trillion, and only the US and China's GDPs exceed this. That's how big Blackrock is. It has a shareholding in the majority of the public companies & controlling influence.

Holger Zschaepitz: "BlackRock is eating the world. Since its IPO in Oct 1999, the share has returned an average of 20.7% per year, completely outperforming the S&P 500 and the Nasdaq 100, which have only returned 8.2% and 9.7% per year respectively. BlackRock even outperformed Amazon and Microsoft, with only Apple and Nvidia doing better.

🏦Banks:

On the 2nd of October:

👉🏽Bank of America is down: Customers report widespread outage, zero balances shown — CNN

Jameson Lopp: 'What if I told you this is actually an accuracy improvement: there's no money in those accounts...'
But what if they shut down electricity, how will you use Bitcoin then? Checkmate, motherfucker.

##

## 🌎Macro/Geopolitics:

On the 30th of September:
👉🏽Zimbabwe Central Bank in April 2024:
''We've launched a gold-backed currency and promise to never devalue it again.
Zimbabwe Central Bank in September 2024:
''A 43% devaluation of our brand new gold-backed currency

👉🏽China's stock market is up another 4% today for a total gain of 16% over the last 5 days after economic stimulus was announced.
It feels like 2020 all over again. Hello, liquidity! To give you some perspective:
China is now the world’s best-performing market this year.
For context, China went from the worst-performing market of 2024 to the best-performing within 15 days.

Talking about China...

👉🏽'One of the best measures of living standards and real GDP growth is electricity consumption.
Since electricity is difficult to store in large quantities, electricity generation tends to be a reasonable proxy for electricity consumption.
Interesting chart given that context.' -Luke Gromen
(foto)
Now we need to put that in context though.
1.4 Billion Chinese
.333B Americans
To reach parity the Chinese would need to be producing 420% of the electricity... or 17000 TW hours.
They are closing in. They are about 6-10 years from reaching parity if they keep the same rate of bringing new supplies online.
I'm curious to see how all the new Data Centers, Chip manufacturing plants, cooling needs, etc., being brought online affect both supply lines.

Remember, energy is the lifeblood of a country. So it is fascinating to see that new photos show that China is building America's best nuclear reactor design at record speeds to become #1 in nuclear power.

The Lianjiang nuclear plant 12 months after Unit 1 construction started. Only 24 months after the first dig.
I am skeptical about its safety. Communists tend to do half-ass too many things.
AP1000s on a 4-year schedule.

On the 1st of October:

👉🏽The Germans, once an economic powerhouse, are far behind and almost at the bottom of the scale.
Differences in GDP growth between European countries during the last five years are significant. Some countries follow smart, business-friendly policies, others don’t. Choices have consequences, vote wisely. Chart by Daniel Kral Europe Macro at Oxford Economics
[](https://image.nostr.build/5847daa8198e5d23caad89629bbb501d174aa6ca0d5928a2af6239a867d74c6d.jpg)

As if Europe, but especially Germany wouldn’t have enough problems, in just a few years millions of people will reach retirement age and blow up its retirement and healthcare system. With rising unemployment in Germany due to its industrial suicide, who is supposed to pay for this?
[](https://image.nostr.build/5899a1b27ab0fa379d34347b4395fca6b3036ce1ed8b07b828363ef05ae9f3ee.jpg)

How I love Twitter, the following statement/chart and tweet is from Paul Vanitas:
'German pension system in one chart:
[](https://image.nostr.build/1597acd0f2a800408891ca2d0c84de200a3dbe1cd4343a78830fe3b6e8fc3527.jpg)

The average worker has to pay 18.6% of their gross wage into the system. After retirement, they only get a fraction of this back.

Note that things will get much worse in the next years when the boomers will retire.
Note also that the pension system is already supported with taxpayer money today.
How can it still be that bad?'

With Germany’s aging population and declining birth rates, the strain on the system is increasing. In 1960, there were 6.4 workers for every retiree - by 2020, that number had dropped to around 2.7. Projections suggest it could fall below 2 by 2040, which is why reforms are being discussed to ensure long-term sustainability.

👉🏽'Total money supply in the US, the Euro Area, Japan, and China has reached a new record of a MASSIVE $89.7 trillion.

Global money supply has skyrocketed by $7.3 trillion over the last year.
This marks the largest increase in 3 years and a similar jump to the initial pandemic response seen in the first half of 2020.

In the US alone, the amount of money in circulation has surged $410 billion year-over-year, to $21.2 trillion.
To put this into perspective, at the beginning of 2020 the US money supply was 27% below current levels.
Global money printing is back.' -TKL

👉🏽'There were 21 interest rate cuts conducted by global central banks in September, the most since April 2020.

Outside of the pandemic response, this is the third largest month of monetary easing since 2008.
This all comes as central banks across the globe believe they can achieve a "soft landing."
Meanwhile, Germany’s GDP is expected to contract for 2 straight years for the first time since 2002.

China is also on track to miss its annual economic growth target of 5% as it fight the streak of deflation since 1999.
Can central banks really save the day here?' - TKL

On the 3rd of October:

👉🏽The US Treasury added $204 billion of debt on the *first day* of the new fiscal year, and total debt now stands at $35.7 trillion.
Total US debt has exploded to $35.7 trillion—up $345 billion in just 3 days.
That's 1/4 of Bitcoin's market cap added to the national debt in a single weekend.

👉🏽James Lavish: "The 2024 Federal Government Fiscal Year is in the books. This one added another $2.3T of Federal Debt to finish out the year at $35.5T, a brand new all-time high. Well done, everyone. Bravo.

[](https://image.nostr.build/d0ee6b499c226b3f6272c13bd315a80e7f0e8c16642826b861dfd0b53fdd9ee1.jpg)

'US public debt has jumped $345 billion over the last 3 days hitting another record of $35.7 trillion.
Since June 2023, federal debt has surged by a MASSIVE $4 trillion, or 14%.
Over the same period, US GDP is up just $1.5 trillion, or ~6%.
In other words, the national debt has outpaced the economic growth by 2.7 TIMES over the last 16 months.
Outside of the pandemic crisis, US federal debt has never grown so rapidly.' -TKL
Nothing stops this train! If you really think the US government can balance their budget and decrease their federal debt, without hurting the economy, without low inflation, well you are a fool.

On the 4th of October:

👉🏽Tough chart:
[](https://image.nostr.build/558cf3a840b617f4a96c50c5994d5d3277646853fb67a57b021cba71303547e1.jpg)

After adjusting for inflation, the level of economic activity in Greece and Italy is still *lower* than before the global financial crisis (more than 15 years ago).
Poland with by far the strongest real GDP growth since 2007.

On the 6th of October:

👉🏽Global Liquidity entering the next bullish phase in a long-term cycle:

[](https://image.nostr.build/58c54030b615db930e14ca24bf4a137d41af3855feb9713c3fe8605c68f6571e.jpg)

You know what will happen. More inflation and asset prices are going to rip.

👉🏽The US government created backdoors at Internet Service Providers (ISP) to spy on its citizens.

China then hacked these backdoors and used them to spy on the U.S. - WSJ
Chinese hackers massively wiretapped the USA by compromising the interception portals mandated under US law.

Remember this the next time a government demands encryption backdoors.
https://www.wsj.com/tech/cybersecurity/u-s-wiretap-systems-targeted-in-china-linked-hack-327fc63b?st=byoB7m

👉🏽Hillary Clinton says social platforms like 𝕏 need to censor or “we lose total control.”
Who is this we?

On the 7th of October:

👉🏽And just like that, the yield on the 10-year US government bond, a global benchmark, is back at 4%.

The 10-year note yield is now up 40 basis points since the "Fed pivot" began on September 18th.
For the first time since August 8th, the 10-year note yield is above 4.0%.
Just days ago, markets were calling for 2 MORE 50 basis point cuts in 2024.
It seems the bond market quickly lost faith in the so-called "Fed pivot," and it’s fascinating to see the yield curve flip negative again so soon after the big rate cut.

### 🎁If you have made it this far I would like to give you a little gift:

The latest Preston Pysh pod: Bitcoin Mastermind Q3 2024 w/ Joe Carlasare, Jeff Ross, & American HODL (BTC202)

https://www.youtube.com/watch?v=3kgpeH9MOg0

Credit: I have used multiple sources!

My savings account: Bitcoin

The tool I recommend for setting up a Bitcoin savings plan: @Relai 🇨🇭 especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. (Please only use it till the 31st of October - after that full KYC)

Hence a DCA, Dollar cost Average Strategy. Check out my tutorial post (Instagram) & video (YouTube) for more info.

Get your Bitcoin out of exchanges. Save them on a hardware wallet, run your own node...be your own bank. Not your keys, not your coins. It's that simple.

Do you think this post is helpful to you? If so, please share it and support my work with sats.

Is this blog post is helpful to you? If so, please share it & zap it = value4value!

If you have any questions, let me know in the comments or send me a DM!⬇

▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃

⭐ Many thanks⭐

Felipe - Bitcoin Friday!

▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃

The Latest Bitcoin & Macro news: Weekly Recap 08.10.2024

This is a long form article, you can read it in https://habla.news/a/naddr1qvzqqqr4gupzq0ractzc0mkwq58mcevqnvtqn5vjqluzthtkw49ejp0fe2q9vs4gqqxnzdej8q6rzwfh8qcnjd3hm4zy59


## 🧠Quote(s) of the week:

“Civilizations die from suicide, not by murder,” according to 20th-century historian Arnold Toynbee.
He claimed every great culture collapses internally due to a divergence in values between the ruling class and the common people…

"Constant inflation is a human rights issue. It prevents people from building up liquid capital reliably. It either forces them to monetize illiquid things like real estate or just keeps rug-pulling them year after year and they're never able to build any serious capital and better themselves."  -Lyn Alden.

## 🧡Bitcoin news🧡

Before I start with the Weekly Recap I want to share a great chart by River:
[](https://image.nostr.build/d4d8e9d30483200dbc2ef59b850d0d0b27a26e797a8966cbc7d8333ca81b4b54.jpg)

'Currency devaluation, the greatest theft of time and energy in the history of mankind. This is why we Bitcoin.' -CarlBMenger

On the 23rd of September:

➡More than a week a week ago rumors circulated that Coinbase is writing Bitcoin IOUs for BlackRock and they are suppressing the price. Now fast forward to today.
BlackRock amended its spot Bitcoin ETF custody agreement with Coinbase to improve withdrawal times.

Coinbase must now process BTC withdrawals to a public address within 12 hours of receiving instruction.
[Source](https://cryptoslate.com/blackrock-amends-coinbase-custody-agreement-to-require-12-hour-withdrawals-amid-debt-rumors/)

Three days later on 26.09.2024 Coinbase is down... again.
Users can't buy Bitcoin, and can't access their funds.

But here’s the kicker: Coinbase doesn’t publish its Bitcoin addresses, so you have no clue if your Bitcoin is even there—or if it’s being lent out.
You’re just supposed to trust them.

➡FirstPost covers the revelation of Bhutan's massive Bitcoin holdings: “With nearly $780 million in Bitcoin—about a third of its GDP—Bhutan now ranks as the fourth largest government holder of Bitcoin.”

"Unlike the US and  China, which gained their Bitcoin through the use of seizures and legal battles, Bhutan took a more proactive approach by investing directly in Bitcoin mining." - Bitcoin News.

Remember, Germany had more than 3x the amount of Bitcoin as Bhutan but sold it all. It will go down in history as one of the worst decisions made by a government.

➡"I call it the pet rock," Dimon said. The bank chief said in 2021 at peak crypto valuations that Bitcoin was "worthless,"

Also, BIG BREAKING JP Morgan announced plans to offer an actively managed #Bitcoin fund to its private wealth clients. - Jason A. Williams

➡Owning just 1 Bitcoin is becoming increasingly rare.
[](https://image.nostr.build/107a0dc02cfea0ede6a8e20c16d7aa27d3c70792219a186b71acd233ae3a6034.jpg)

➡'China still has 55% of the Bitcoin mining hashrate. How's that ban going?' - Bitcoin Archive

➡MicroStrategy outperformed every single S&P 500 company since buying Bitcoin.
[](https://image.nostr.build/5ea44f57d9a2eff80a02d8c9f4c9a9db0084c59e7c791fc3458d961a4e1d2209.jpg)

MicroStrategy is up 44% in 20 days.
It has gained $11B in market cap and is now worth $33 BILLION.

➡I have said it before and will repeat it...it's all about liquidity! I have been talking about this relationship, see the comment below, in the last few years.
Lyn Alden commissioned a research report, written by Sam Callahan, to quantify Bitcoin's correlation to measures of global money creation relative to other asset classes.

Result: Bitcoin moves in the directional of global M2 83% of the time; more than other assets.
You will find the report below in the little gift section.

On the 26th of September:

➡America’s oldest bank BNY Mellon gets SEC approval to offer Bitcoin custody services.

BNY Mellon Bank, the biggest custodian in the world with $49 trillion in assets will now dominate the institutional Bitcoin custody space.

➡At +10.93% Bitcoin is on track for its best September ever.

➡BLACKROCK: Bitcoin is NOT a risk-on asset

BlackRock's Head of Digital Assets says that just because Bitcoin is a "risky" asset does not mean it is a "risk-on" asset.

"The drivers of Bitcoin long term are very different from what’s going to drive equities and other so-called risk assets, and in some cases,
they may actually even be inverted.”

On the 27th of September:

➡ETFs are preparing for Uptober. They bought 5,790 Bitcoin yesterday. That’s 13 days of mined supply!

On the 28th of September:

➡'If you bought Bitcoin on this day, in *any* year since its inception, you've beaten gold and the S&P 500.

And often massively.' -Dan McArdle
[](https://image.nostr.build/253826375611cad6448fb1c6f22f4d50fb5a0f26a459dba35f33b3db4912f5a7.jpg)

➡$16 billion of liquidity is going to hit the market starting Monday for FTX repayments.
To put things in perspective:
[](https://image.nostr.build/4745111361448230f2c0158fc342d4c4d36a101d6ff842f64e365cbc83adba28.jpg)

On the 29th of September:

➡Despite the bearish sentiment, Bitcoin is on track for the best September returns in 12 years.
[](https://image.nostr.build/5a73a93b5f4f467a4c6944c8a10bc6c0b0f688b5eeabd9788186c585fe1adce4.jpg)

On the 30th of September:

➡Taiwan's Financial Supervisory Commission has announced that professional investors can now access Bitcoin ETFs under specific regulations and oversight.

➡Ohio State Senator Antani pushes the bill to allow all state and local taxes to be paid in Bitcoin.

## 💸Traditional Finance / Macro:

On the 23rd of September:

👉🏽'The number of S&P 500 stocks outperforming the index hit 339 quarter-to-date, the highest in 22 years.
This is also in line with levels seen in 2000 before the Dot-Com Bubble popped.
The share has nearly tripled compared to Q2, when only ~125 stocks outperformed the S&P 500, the lowest in at least 3 decades.
Interestingly, Magnificent 7 stocks are underperforming the index for the first time in almost 2 years.' -TKL

🏦Banks:

👉🏽UNREALISED LOSSES BY U.S. BANKS 7x HIGHER THAN 2008 FINANCIAL CRISIS

[](https://image.nostr.build/99c95f2e1b98abfab866a93f63caf83e4fc866ad548aedf42b6c4fb2e9c63673.jpg)

🌎Macro/Geopolitics:

On the 23rd of September:
👉🏽Last week I mentioned how the Greens in Germany ruined the economy and the environment.

'German „green“ policy:
1. 2023 25,6% of German electricity came from coal before the decision to close nuclear 31% came from nuclear
2. Deindustrialization drives production to Asia, where some products cause 30% more CO2.'
[](https://image.nostr.build/0c15bbc8cdff1450bf0b66bd33cd9464d027a2be408f9ef5bcebe912ed003bdf.jpg)

When sensibility can’t explain the decisions, perhaps the answer is corruption or just bad philosophy.

To make it even worse: "Immigration Does Not Work, Not Even Economically" - German Govt Needs €10BN More In Welfare Payments Than Initial Forecasts

[Great article](https://www.zerohedge.com/geopolitical/immigration-does-not-work-not-even-economically-german-govt-needs-eu10bn-more-welfare)

On the same day, we received the following news:

👉🏽'WORLD'S BIGGEST BANKS PLEDGE SUPPORT FOR NUCLEAR

Banks and funds totaling $14 TRILLION in assets have just signed an unprecedented statement in support of nuclear power.
They'll be presenting the pledge to support the goal of tripling nuclear THIS MORNING at the Rockefeller Center in New York City to kick off NY Climate Week.
A few of the names:
Bank of America
Barclays
BNP Paribas
Brookfield
Citi
Credit Agricole
Goldman Sachs
Morgan Stanley
Rothschild & Co
The pledge comes after Microsoft signed a deal to buy $16 billion in electricity from a revived Three Mile Island nuclear plant alone over 20 years to fuel its AI ambitions.'
- Mark Nelson

BNP told the Financial Times there was “no scenario” in which the world could hit carbon neutrality by 2050 without nuclear power, citing the UN’s IPCC. Barclays said it was taking part because nuclear could be a solution to the intermittency of wind and solar energy.

Now go to the picture (Germany - Greens) and if you have read my recent Weekly Recaps you just know how stupid Germany was and still is.

👉🏽Global Fertility Rates have dropped from 5.3 in 1963 to 2.3 in 2021 3.0 decline in ~58 years.

👉🏽Messaging app Telegram will provide more data to governments, including users' IP addresses and phone numbers in response to "valid legal requests," according to CEO Pavel Durov — Bloomberg

Seems like arresting and holding the CEO in the EU can result in that CEO agreeing to give away the privacy of the users. Privacy was fun while it lasted.

On the 24th of September:

👉🏽Jeroen Blokland:

'China just went all in on stimulus, sending Chinese stocks 4% higher. China's central bank:
- Lowered policy interest rates and signaled more cuts are coming.
- Cut rates on over USD 5 trillion in mortgages.
- Eased rules for second-home purchases.
- Lowered the required reserve ratio for banks, freeing up fresh liquidity.
- Pledged over USD 100 billion in equity market support.
- Stated policymakers were studying a stock market stabilization fund.
This set of measures is astonishing in itself, but the fact that China opted to announce them all at once is a significant deviation from previous years.
All this means China is (again) unlikely to stay within its budget deficit target of 3% of GDP and unleashes a massive slew of liquidity that will be felt globally.'

China's stock market has gone parabolic this week, a matter of fact the stock market in China is experiencing its strongest week in almost a decade,  after the government announced a $140B stimulus and multiple rate cuts.

👉🏽'The UK's national debt currently stands at approximately £2.7 trillion, over 100% of GDP.

The Office for Budget Responsibility (OBR) has projected that debt interest spending will reach £73.5 billion in 2024-25, which would be around 7.8% of public receipts. NOTE THIS IS JUST PAYING OFF INTEREST.
The government's approach to managing their debt is like taking out a new credit card to pay off old credit card debt. This isn't just a problem of a single party, this is the entire apparatus of government.
These policies are unsustainable. Without significant changes, the national debt is forecasted to increase dramatically over the next few decades, potentially reaching 270% of GDP by the 2070s but no government can tackle this as the pain will certainly lead them to being voted out. The only escape is to own scarce assets.
The truth about our DEBT BUBBLE that no politician wants to face else they won't be elected.' - Peter McCormack

👉🏽Is the US market overvalued?

Short answer: Yes
Longer answer: Absolutely
[](https://image.nostr.build/76233be1661ffe4afd0a47ec75b7da5c0ec1077623e1b43ccebc954b5ef0130e.jpg)

TKL: 'Since 2014, the S&P 500 has risen by 186% which is 6.4 TIMES more than the MSCI World ex-USA Index's 29% gain.
To put this into perspective, during the 2000 Dot-Com Bubble, this ratio reached *just* ~1.4x.
Meanwhile, the long-term average over the last 75 years has been ~1.1x.'

On the 26th of September:

👉🏽Yellen: It will be necessary to get deficits down to keep interest costs manageable - CNBC interview.

Spoiler alert: The deficits will not just end or go down, but will continue to grow. Forever.

'Yes...and what math, logic, gold, BTC, & equities are telling those of us with the eyes to see it (but which Wall Street consensus refuses to admit to itself yet)
is that what Yellen means is this: "IT WILL BE NECESSARY TO GET INTEREST COSTS DOWN TO KEEP DEFICITS MANAGEABLE." - Luke Gromen

On the 27th of September:

👉🏽'I would really like to say something positive about Europe‘s economy, but it’s simply a train wreck in slow motion.

Overregulation, bureaucracy, and lack of innovation have their price. Europe will either wake up or keep becoming poorer compared to others.'

[](https://image.nostr.build/a2cd2960d1d08aa3ec53c94ee1e6c010d8569fecc16b16b404838601ab71cd2c.jpg)

I'm here for the once-in-a-species transition from analog money to absolute, digital scarcity.  Bitcoin!

👉🏽August PCE inflation, the Fed's preferred inflation measure, falls to 2.2%, below expectations of 2.3%.

Core PCE inflation RISES to 2.7%, in line with expectations of 2.7%.
Headline inflation is down, core inflation is up.' -TKL.

On the 28th of September:
[](https://image.nostr.build/e41049bfde087fef499bea8b80557cc1e0da8f6cab2d634c15d6c68e36e556dd.jpg)

👉🏽Zimbabwe's central bank has devalued its gold-backed currency by over 40% against the US dollar, signaling trouble for its latest attempt to stabilize the volatile economy.
The currency was introduced just six months ago.
'How can something supposedly backed by gold which is up about 30% against the USD this year, trade hands for 50% less USD?

"backing" fiat currency with a hard asset is meaningless because governments can and will just change the peg.
You need the actual hard asset to be the thing that natively moves around in the economy. Only Bitcoin can do this in our modern global electronic economy!

🎁If you have made it this far I would like to give you a little gift:

The research suggests that Bitcoin is more closely tied to global liquidity conditions than other assets, making it a valuable macro barometer for investors: [](https://www.lynalden.com/bitcoin-a-global-liquidity-barometer/)

And please watch the following podcast: Bitcoin Fixes Capatialism - Allen Farrington
https://www.mrobnoxious.com/episodes/bitcoin-fixes-capitalism-allen-farrington

Allen Farrington is a writer and investor. He co-wrote Bitcoin in Venice. Great book, you can order it [here](https://amzn.to/480EyCj).

Credit: I have used multiple sources!
My savings account: Bitcoin

The tool I recommend for setting up a Bitcoin savings plan: @Relai 🇨🇭 especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. (Please only use it till the 31st of October - after that full KYC)
Hence a DCA, Dollar cost Average Strategy. Check out my tutorial post (Instagram) & video (YouTube) for more info.

Get your Bitcoin out of exchanges. Save them on a hardware wallet, run your own node...be your own bank. Not your keys, not your coins. It's that simple.

Do you think this post is helpful to you? If so, please share it and support my work with sats.

▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃

⭐ Many thanks⭐

Felipe - Bitcoin Friday!

▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃

The Latest Bitcoin & Macro news: Weekly Recap 30.08.2024

This is a long form article, you can read it in https://habla.news/a/naddr1qvzqqqr4gupzq0ractzc0mkwq58mcevqnvtqn5vjqluzthtkw49ejp0fe2q9vs4gqqxnzdejxuurzwp4xcerjdp36cu8tf

#zap 🧡 #weeklyrecap #nostr   #plebchain     #BTC    #Bitcoin     #plebchain    #grownostr    #stacksats  #bitcoineducation  #adoption


Dutch cows, sun, some clouds, and riding a duo bicycle with my son. Perfect Saturday🧡

Study, learn, hodl, decouple.
#bitcoin                      🧡
▃▃▃▃▃▃▃▃▃▃▃▃▃▃

#zap                        🧡   #nostr                          #BTC                                              #plebchain                           #grownostr  #adoption
https://m.primal.net/LLuK.jpg


Yesterday I helped someone in Lebanon to download and install a Bitcoin wallet. I was in the USA. After about one hour back and forth we sent emergency relief money that was received within seconds.
The answer was: „today I won’t be able to sleep 🤯😇“ expressing the surprise that this really works.

#FreedomMoney


The Latest Bitcoin & Macro news: Weekly Recap 30.09.2024

nostr:naddr1qvzqqqr4gupzq0ractzc0mkwq58mcevqnvtqn5vjqluzthtkw49ejp0fe2q9vs4gqqxnzdejxuurzwp4xcerjdp36cu8tf

If you rather want to read the long format, including charts/pictures, outside of Nostr, click here:
https://habla.news/a/naddr1qvzqqqr4gupzq0ractzc0mkwq58mcevqnvtqn5vjqluzthtkw49ejp0fe2q9vs4gqqxnzdejxuurzwp4xcerjdp36cu8tf

Do you think this post is helpful to you? If so, please share it and support my work with sats.

Enjoy and happy reading!


Yesterday we had the Bitcoin Zwolle meetup after the summer break. And the location was spot on…a new Bitcoin restaurant on @BTCMap.org https://btcmap.org/merchant/node:2497588013 and in Zwolle!

25 people, no coiners, Nostr/Bitcoin developers, Maxi’s, all came together and enjoyed a good meal, great talks, and connecting.

The vibe was high! 🧡

Study, learn, hodl, decouple.
#bitcoin                     🧡
▃▃▃▃▃▃▃▃▃▃▃▃▃▃

#zap                       🧡   #nostr                         #BTC                                             #plebchain                          #grownostr    #stacksats #bitcoineducation #adoption
https://m.primal.net/LCop.jpg
https://m.primal.net/LCot.jpg


Bitcoin Zwolle meetup. New restaurant on the nostr:nprofile1qqsra2ey033mkdwl5w8q0jss9ak69zafh82xsuvhwsaauw3trkq2amgpz9mhxue69uhkummnw3ezuamfdejj7qgcwaehxw309anxjmr5v4ezumn0wd68ytnhd9hx2tck28qzu thanks to nostr:nprofile1qqsg6qdxkfewmjh4gngpdeg98xx65qte493mw298940kru06murl4egpzpmhxue69uhkummnw3ezumt0d5hs3n4zkg & Net. https://btcmap.org/merchant/node:2497588013 With nostr:nprofile1qqsxz3l3r9kjcjwspcmtxu27nww7uw48twlrea06yewazzxknc3j4mcpzpmhxue69uhkummnw3ezumrpdejqzxrhwden5te0dehhxarj9eehqun0wehk7um59ehxcqgswaehxw309ahx7um5wgh8w6twv5qq4ja2 nostr:nprofile1qqsrclwzckr7ans9p77xtqymzcyarys8lqja6an4fwvst6w2spty92qprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvqy28wumn8ghj7un9d3shjtnyv9kh2uewd9hszrthwden5te0dehhxtnvdakqdq5t5c nostr:nprofile1qqstn6gqtkruw6qdcqysdfgg53tq0dfendcpqgwcyejpgec8fj3p0pcpzpmhxue69uhkummnw3ezumt0d5hsrnjqg0 nostr:nprofile1qqsthdwa5rs42euhnuz5xsrmmssr84hshwes7uj392vpeldj7z0zw3cpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhszrnhwden5te0dehhxtnvdakz7qg3waehxw309ahx7um5wgh8w6twv5hsjpjk26 #btc #foodstr

https://image.nostr.build/d806126d8630a7b37485cf7b92a73f096adddf8c71b2c79ff2087ab9df13fe25.jpg
https://image.nostr.build/812c92c6c5c8fd9d10b2b4ffe48de1c8f27de41933b6ba69ecbbaf9631153f87.jpg


The Latest Bitcoin & Macro news: Weekly Recap 22.09.2024

If you rather want to read the long format outside of Nostr, click here:
https://habla.news/a/naddr1qvzqqqr4gupzq0ractzc0mkwq58mcevqnvtqn5vjqluzthtkw49ejp0fe2q9vs4gqqxnzdejxuerqwfhx5urwv334p5t2r

Do you think this post is helpful to you? If so, please share it and support my work with sats.

Enjoy and happy reading!


##
# 🧠Quote(s) of the week:

“Civilizations die from suicide, not by murder,” according to 20th-century historian Arnold Toynbee.

He claimed every great culture collapses internally due to a divergence in values between the ruling class and the common people…

"Constant inflation is a human rights issue. It basically prevents people from building up liquid capital reliably. It either forces them to monetize illiquid things like real estate or just keeps rug-pulling them year after year and they're never able to build any serious capital and better themselves."
-Lyn Alden.

##
🧡Bitcoin news🧡

On the 15th of September:

➡More than a week a week ago rumors circulated that Coinbase is writing Bitcoin IOUs for BlackRock and they are suppressing the price. Now fast forward to today.

➡Power bills increased by $300 per year for each home in a Norwegian town after the local Bitcoin miner shut down.

The miner paid 20% of the area's grid fees, thus subsidizing other consumers. With the miner gone, people's power bills are skyrocketing.

Aledander Ellefsen:
"Politicians fall into the cobra effect trap once again:
"The mayor cheered the shutdown of the controversial Bitcoin mining data center, but now residents are facing an unexpected consequence: a hefty bill increase."

Locals will now have to pay an extra $200-$300 per year due to increased costs to grid fees without the big mining customer, and the mayor of this remote municipality comments:
"We work continuously to facilitate the industrial activity we want in the municipality. It may not be something we can solve in just one month, but we are dedicated to promoting business development every single day."
(This is political jargon, for it will likely never happen.) The "celebration" ended the moment they got their first bill - You can't make this shit up

"Some people do not understand that Bitcoin miners lower the cost of electricity by spreading the grid's fixed costs over a larger rate base." - Pierre Rochard.

A fun fact about the Norway example is that in Norway and will quote Alexander Ellefsen again:
"About 97% of our electricity production comes from renewable energy sources, with the majority generated by hydropower.
In the northern regions, we have hydropower dams where excess water is released due to low electricity demand outside peak hours. It’s perplexing to see how some politicians continue to overlook Bitcoin mining as a potential solution.
By utilizing this surplus renewable energy, we could support the Bitcoin network while ensuring better energy efficiency and reducing waste."

➡ETHBTC just traded on a 0.03 handle for the first time in 3.5 years (Apr 2021)
-53% since the merge in Sep 2022.

Daily reminder that all shitcoins are trending towards zero compared to Bitcoin, including Ethereum. Remember when all the altcoin fanboys were talking about the flippening?

➡Microstrategy has 244,800 BTC. In 2025 when 1 BTC goes to $1M their holding will be worth $244.8B.

➡Duo9BTC: "Coinbase CEO just admitted that you got to trust them on their word.
They will not provide any proof of reserves for the BTC they *claim* they have, nor any proof of backing for their new paper BTC called cbBTC.
If they print too much paper BTC they will go the FTX route."

Once again...never leave your coins on an exchange. Period!

Rumors are circulating that Coinbase is writing Bitcoin IOUs for BlackRock and they are suppressing price.

Imagine a hacker gains access to Coinbase’s 2 million+ Bitcoin in custody, sends it all to a time-locked address, 100 years into the future, and shares the private keys publicly.

➡Bitcoin (+43%) and Gold (+25%) are the top-performing major assets in 2024. We've never seen these two in the #1/#2 spots for any calendar year.

On the 16th of September:

➡President Bukele announces that El Salvador will no longer borrow external debt to finance its budget. Bitcoin country is winning.

➡MicroStrategy announces plans to raise another $700M and buy more Bitcoin with proceeds.

MicroStrategy increased its capital raising by an extra +$175m. It will now raise $875 million to buy more Bitcoin and potentially raise another $135m within two weeks. Eventually, MicroStrategy sold $1.01 billion worth of convertible notes to buy more Bitcoin.

'Michael Saylor found the infinite money glitch:
• Convert cash to Bitcoin
• MSTR goes up
• Take out more debt
• MSTR goes up
• Sell personal holdings
• MSTR goes up
• Issue more stock
• MSTR goes up
• Join the S&P 500
• MSTR goes up' - TheBTCTherapist

I will quote Dylan Leclair on this one: 'Rather than purchasing physical infrastructure & energy to generate computational hashes, the world's most efficient Bitcoin miner is short-selling dollars & leveraging common stock volatility.'

MicroStrategy now HODLs 252,200 Bitcoin worth +$16 BILLION.
Average cost: $39,266 per bitcoin.

On the 17th of September:

➡Bhutan and El Salvador now combined hold 18,900 BTC worth $1.1 billion.
Thanks to its vast hydroelectric energy sources, Bhutan secretly started mining Bitcoin in 2020, now holding up to 13,029 BTC total.
Game theory has started playing out and it will force every country to adopt it.

On the 18th September:

➡BlackRock’s latest report on Bitcoin includes a striking comparison table, highlighting how Bitcoin, the S&P 500, and gold performed after major geopolitical events.

[](https://image.nostr.build/558c2a11aa5221c308ef1cae30f051d2701ce2f02bbe43ea753c744f86d6b4a1.jpg)

On top of that the world's largest asset manager sees bitcoin as a geopolitical hedge against the US debt crisis and dollar instability.

➡The State of Louisiana becomes the first in the nation to accept Bitcoin via the Lightning network.

On the 19th of September:

➡'Everyone who's been daily DCAing Bitcoin is once again in profit. Even those who first started DCAing at an all-time high 190 days ago.' -Wicked

➡The first nuclear-powered Bitcoin mining facility in Pennsylvania, operated by Terrawulf Inc.

On the 20th of September:

➡BNY Mellon, America’s biggest custodian bank, has received SEC approval for custody.

Source: https://unchainedcrypto.com/bank-of-new-york-mellon-identified-as-first-bank-to-receive-sec-exemption-from-sab-121/

They are the world’s largest custodian bank with $50T under custody. The game theory this will kick off is something we’re not ready for!

➡Bitcoin to hit $200,000 no matter who wins 2024 US Election - Standard Chartered, Head of Digital Assets

➡SEC approves options for BlackRock's spot Bitcoin ETF.

Joe Consorti: "With the introduction of options on bitcoin ETFs, sophisticated investors can now generate yield on BTC. Get ready for a huge influx of liquidity from big players looking to sell covered calls, drawing bigger players into the game, more liquidity, and on and on."

## 💸Traditional Finance / Macro:

On the 17th of September:

👉🏽"Warren Buffett is hoarding more cash:
Last week, Berkshire Hathaway reported that it sold $229 million of Bank of America stock over 3 trading days.
Since mid-July, Buffett’s total sales of hit $7.2 billion or 174.7 million shares.
As a result, total holdings fell to $33.7 billion or 858 million shares, the lowest level since 2018.
Berkshire Hathaway's cash position surged by $88 billion in Q2 2024, reaching a record $277 billion.
Warren Buffett continues to build his cash position." -TKL.

## 🏦Banks:

👉🏽No news

## 🌎Macro/Geopolitics:

On the 15th of September:

👉🏽The Saudis have joined other Asian countries in ditching their long-term sensitivity to the gold price. Evidence suggests the Saudi central bank has been covertly buying 160 tonnes of gold in Switzerland since early 2022, contributing to the current gold bull market.

On the 1st of September, I already shared the news that global net gold purchases by central banks reached 483 tonnes in the first half of 2024, the most on record.
This is 5% higher than the previous record of 460 tonnes set in the first half of 2023.
The East (China, India, Russia, Saudi, etc.) no longer trusts owning Western reserve assets. Even in the West, the trust in the bond market is crumbling.

You don't believe my word?

[](https://image.nostr.build/f99cfb8db4ac5cafde20927fb19f05931c39341f7450b6151fab3cda9db79250.jpg)

'Blue = Foreign Central Bank holdings of USTs.
Red = Total US Federal Debt.
Mind the gap
(with QE, bank regulations, MMF regulations, pension tax benefits, enticing US retail to buy, etc.)'- Luke Gromen

👉🏽Meloni takes the first steps for Italy to build nuclear power plants.

The Ministry of Environment revealed today that new laws will be introduced later this year and that a decree on the matter will come in 2025
Italy voted no to nuclear power in a referendum in 1987, just a year after Chornobyl.
Personally, I think this is a smart move.

👉🏽Jeroen Blokland: 'But, government bonds are a wonderful asset on someone's balance sheet.'
Sure, as long as you do not ask who is genuinely willing to hold all that DEBT.
The UK government budget is doomed!

[](https://image.nostr.build/c8d05918181901b32c8eeccf4c4c182d49c216a15f681e2d517030d8fb0bdfa6.jpg)

👉🏽'The difference between the 2-year Treasury yield and the Fed interest rates dropped to -1.69%, the most in at least 35 years.

This gap is now even larger than in 2008 and 1989, a few months before the recession began.
The 2-year Treasury yield is considered a leading indicator for the next Fed’s interest rate moves.
In other words, the bond market expects that the Fed will be cutting rates at a rapid pace in the coming months.
This has been driven by increasing evidence of the deteriorating labor market and many indicators suggesting this trend will continue.' -TKL.

Regarding the rate cute:

The similarities between 2007 and 2024 are wild!

Fed's First Rate Cut:

Sept 18, 2007

Sept 18, 2024 (high probability)

Unemployment Rate

Sept 2007: 4.7

Sept 2024: 4.2

US Inflation Rate YoY

Sept 2007: 2.5

Sept 2024: 2.5

US Housing Starts:

Sept 2007: 1.238

Sept 2024: 1.235

US Leading Economic Activity

Sept 2007: 100.4

Sept 2024: 100.4

US Existing Home Sales

Sept 2007: 4.5 Million

Sept 2024: 3.95 Million

(This post is not calling for a 2007 crash. I am simply pointing out the intriguing similarities in timing and economic indicators.)

You can find the charts [here](https://x.com/brett_eth/status/1835067477321302522):

👉🏽Germany's lack of public investment is structural. Germany records one of the lowest net public investment ratios* in the EU over 1995-2023 (i.e. ~zero expansion in net public capital stock). Only Latvia and Slovakia do worse.
Net investment: gross investment - minus depreciation

German „green“ policy:

1. 2023 25,6% of German electricity came from coal before the decision to close nuclear 31% came from nuclear
2. Deindustrialization drives production to Asia, where some products cause 30% more CO2
German Greens ruin both the economy and the environment.

[](https://image.nostr.build/eb7e7016b4f5fea273c637affee2f816def0760332fdcb9d2d4e93d9153e78ef.jpg)

German business model was based on:
1. Cheap energy from Russia
2. Cheap subcontractors in Eastern Europe
3. Steadily growing exports to China
All three are gone by now. And we are in the good times, imagine what will happen during the next recession.
Germany is Europe's engine.
[](https://image.nostr.build/9c0fabc145e141dee7a10ac2a08f7c4a0e27b91fc50e040dc63336e250f75e3b.jpg)

On the 17th September:

👉🏽US debt now stands at $35.3 trillion. If we were to return to 0% interest and make payments of $1 million per hour, it would take approximately 4,023 years, or until the year 6,047, to bring the debt back down to zero.

The US government has added $5 trillion to Federal Debt in the last 2 years. With annual spending of $6.95 trillion and taxes of $4.91 trillion, the US government is currently overspending by $233 million per hour. Yikes.

👉🏽'Total consumer credit jumped by $25.5 billion in July and reached a new all-time high of $5.1 trillion.

This marked the largest jump since November 2022 and the 11th straight monthly increase.

Total consumer debt has DOUBLED in 14 years.
Revolving debt, which includes credit cards, jumped by $10.6 billion and also hit a new record of $1.4 trillion.
Non-revolving credit rose by $14.8 billion and is just $2 billion below the January peak of $3.73 trillion.
Meanwhile, the share of credit card debt delinquencies soared to 9.1%, the highest level in 12 years.
The debt mountain is collapsing.' TKL

On the 18th of September:

👉🏽Federal Reserve cuts interest rates by 50 basis points, first cut in over 4 years.

On the 20th of September:

👉🏽Gold new all-time high $2,620 as markets brace for fiat destruction. Gold prices are up a MASSIVE 28% in 2024 to a fresh record high of $2,660/oz.
This puts Gold on track for its best annual return since 1979, all while the Fed is calling for a "soft landing."

👉🏽 Two weeks ago I already explained a bit about the Volkswagen & Germany situation. Now we received the news that Volkswagen is planning to lay off as many as 30.000 employees.

On the 21st of September:

👉🏽"Unrealized losses on investment securities for US banks reached $512.9 billion in Q2 2024.

This is 7 TIMES higher than at the peak of the 2008 Financial Crisis.
Q2 2024 also marked the 11th consecutive quarter of unrealized losses as interest rates continued to pressure the economy.
Bank of America, the second-largest lender in the US, now accounts for $110.8 billion of held-to-maturity securities with unrealized losses or 20% of the total.
Meanwhile, the number of banks on the FDIC Problem Bank List increased to 66 in Q1 2024, or 1.5% of the aggregate.

Unrealized losses held by banks remain a major issue." -TKL

[](https://image.nostr.build/76ac1a25d0d202f715069be55f2a8dc91f55dca36d5b7c5c2f9746b7b8278fb7.jpg)

🎁If you have made it this far I would like to give you a little gift:
Matthew Pines is the Director of Intelligence at SentinelOne and a National Security Fellow at the Bitcoin Policy Institute.

In this episode, they explore UAPs, simulation theory, remote viewing, and human consciousness. They discuss the potential implications of knowing that aliens are real and what this could mean for humanity - exploring the nature of reality and challenging our understanding of existence, as they discuss the intersection of advanced phenomena and human perception.

https://youtu.be/YN2Le9dp_Ww?si=6eydqVLxCZXLba_V

Credit: I have used multiple sources!
My savings account: Bitcoin.
The tool I recommend for setting up a Bitcoin savings plan: @Relai 🇨🇭 especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. (Please only use it till the 31st of October - after that full KYC)
Hence a DCA, Dollar cost Average Strategy. Check out my tutorial post (Instagram) & video (YouTube) for more info.

Get your Bitcoin out of exchanges. Save them on a hardware wallet, run your own node...be your own bank. Not your keys, not your coins. It's that simple.

Do you think this post is helpful to you? If so, please share it and support my work with sats.

The Latest Bitcoin & Macro news: Weekly Recap 22.09.2024

This is a long form article, you can read it in https://habla.news/a/naddr1qvzqqqr4gupzq0ractzc0mkwq58mcevqnvtqn5vjqluzthtkw49ejp0fe2q9vs4gqqxnzdejxuerqwfhx5urwv334p5t2r


My Proof of Work!

10 years ago, I wanted to compete in a powerlifting competition. Unfortunately, due to personal reasons, becoming a parent of a beautiful child with a brain disorder, I had to abandon that goal.

Now fast-forward to the end of 2023. I broke up with the mother of my child and gym/lifting heavy weights was my kind of therapy. Enter my goal to compete in a powerlifting competition.

For the last couple of months, I have consistently 3x times a week lifting weights and fully focusing on the SBC cup (powerlifting competition).

So yesterday the time came for my first official powerlifting competition.

The best lift of the day was my deadlift (video).

Results:
➡190kg deadlift
➡170kg squat
➡105kg bench

Next goal:
>200kg deadlift
>200kg squat
>120kg bench

My own Proof of Work!

Let’s go!💪🏽🧡


The Latest Bitcoin & Macro news: Weekly Recap 09.09.2024

If you rather want to read the long format outside of Nostr, click here:

https://habla.news/a/naddr1qvzqqqr4gupzq0ractzc0mkwq58mcevqnvtqn5vjqluzthtkw49ejp0fe2q9vs4gqqxnzdejxscnsdeexgerzdejlx67cv

Or here:

nostr:naddr1qvzqqqr4gupzq0ractzc0mkwq58mcevqnvtqn5vjqluzthtkw49ejp0fe2q9vs4gqqxnzdejxscnsdeexgerzdejlx67cv

Happy reading!🧡


# 🧠Quote(s) of the week:

"You will spend 40,000 hours of your life trying to make money; it's worthwhile to spend 100 hours figuring out how to keep it." -Michael Saylor on Bitcoin

## 🧡Bitcoin news🧡

On the 2nd of September:

➡El Salvador now HODLS 5,859 Bitcoin worth $343m. They continue buying one BTC every day.

That's what we call conviction!

On the 3rd of September:

➡'Wall Street has more control over Bitcoin price after introducing ETFs, per hedge fund manager Mark Yusko. He argues that institutions are dumping the price by shorting Bitcoin in futures markets, a common tactic used for price manipulation.' - Bitcoin News

➡ Marathon Digital: 'Our 2-megawatt pilot project in Finland is repurposing heat from digital asset computing to warm a community of 11,000 residents.'

This is the kind of innovation that makes sense. A lot of people can't comprehend the multitude of it. Imagine mining the hardest form of money while warming your community!

On the 4th of September:

➡Japan to lower the maximum tax rate on #Bitcoin and crypto from 55% to 20%, in line with financial assets.

I am happy for my Japanese Bitcoin family! Eventually, it will go even lower. Larger governments will compete for Bitcoin immigration (read capital).

➡The largest Swiss Canton bank now offers Bitcoin to 1.5m customers.

On the 5th of September:

➡Leader of Venezuelan Opposition María Corina Machado proposes using Bitcoin as a national reserve asset. Bitcoin is a "lifeline" and "vital means of resistance".
If you read my Weekly Recap regularly you know I am not that positive on politicians. They need votes and use Bitcoin to achieve that goal. But in this case...well since 2016, Venezuela's inflation has surged over 8 million %, wiping out people's savings. The government controls banks and freezes accounts. Already so many Venezuelans have turned to Bitcoin to protect their money & escape since it can't be controlled by the government. Bitcoin is financial inclusion, Bitcoin is freedom (money).

The upcoming decade will be interesting, especially for countries in Latin America & Central America (yes, also globally!).

El Salvador makes Bitcoin legal tender, we now have a US presidential candidate suggesting to have Bitcoin strategic Reverse, Venezuelan political leader proposes Bitcoin as a national reserve asset.

Hello, game theory!

➡Bitcoin has had more trading hours since launching in 2009 than the stock market since 1971.

Talk about a secure system, Un-Hackable, Un-Corruptible 24/7/365; Bitcoin
![](https://image.nostr.build/cb17221ebfa1759d6d35aea6bad37ae4ef9f285c8166fa71d5b5ff0d85577204.jpg)

➡Bitcoin miners produce 450 new BTC/day. Microstrategy and Tether alone have been purchasing a whopping 60% of that daily supply.'
I have a feeling what will happen. The USA will adopt a 'Bitcoin Strategic Reserve'...eventually. Tether is among the top buyers of U.S. Treasury securities, and they are effectively starting to back the USD with 'hard money'.
![](https://image.nostr.build/1e80954a0327983cf6c70a2b9cd91f0833df35c8cf2bdc56bfbaaa180d3119cb.jpg)

➡Another River stat! Companies have grown their Bitcoin holdings by 587% over the past four years. The institutions are buying

On the 6th of September:

➡Bitcoin ETFs have recorded over $1 billion worth of outflows since August 27th.

On the 7th of September:

➡Happy Bitcoin Legal Tender Day On September, 7th 2021, El Salvador became the first country to officially adopt Bitcoin.

➡'Chris Larsen, Ripple, and XRP are pushing for CBDCs. They are anti-freedom and want to ban Bitcoin. They bribed Greenpeace to try to attack proof-of-work but they failed, so now they are backing Kamala out of desperation as XRP/BTC is -50% over the past year.' - Pierre Rochard

➡On September 7, the Bitcoin network’s 7-day average mining hash rate hit a new record, surpassing 740 exahashes per second.

➡$1.4 trillion worth of BTC settled on the decentralized ledger in August 2024

## 💸Traditional Finance / Macro:

On the 3rd of September:

👉🏽Sanergy collapses 98.4% after people discover 98.4% of shares are held by insiders.
If 98% owned by insiders then who the fuck sold it?

👉🏽'Magnificent 7 stocks have now erased $550 BILLION of market cap today. Nvidia is on track for its largest daily drop since April 2024.' -TKL

In total, on this day over $1.05 trillion was wiped out from the US stock market.

On the 4th of September:

👉🏽'Swiss luxury watchmakers are turning to the government for financial aid to help them weather a downturn in demand' -Bloomberg Markets
Are you freaking kidding me? What's next? Let's bail out Lamborghini, Rolex, Patek Phillipe, and Louis Vuitton. Let them all ask for government assistance.
You can't make this shit up...hello socialism?

Anyway Bitcoin is Time, and Time is money...Please read:
https://dergigi.com/2021/01/14/bitcoin-is-time/

👉🏽'The Government Accountability Office estimates the federal government loses between $233 billion to $521 billion annually to fraud based on data from 2018 - 2022. That’s ~2% of America’s GDP stolen every year & a trillion dollars lost for those years.'

But hey! If you don't report the 600 bucks Venmo transfer a SWAT team will invade your home.

Source: https://www.gao.gov/products/gao-24-105833

On the 6th of September:

👉🏽The S&P 500 has now erased $2.2 trillion of market cap in the first week of September.

On the 7th of September:

👉🏽'Only Fans revenue explodes to $7 billion. Profits rise to 700 million.
Only Fans have made more money than all the Silicon Valley AI startups combined
Powered by Ass. Not AI.' -Trader

Lmao that is a helluva quote! Not sure about the part that OF made more money, but dammnnn that quote!

Massive simp pandemic! And remember 1 guy owns 100% of the company!
Regarding AI, do you know what will happen in about 2-5 years? OnlyFans models will be completely 'promoted' by AI. Simps (men) cannot tell the difference between an AI OF and a human OF channel. Maybe even in the near future, we will have the same shit as that crazy sex scene in Demolition Man (Yes, I am that old!), as Sly Stallone and Sandra Bullock have an orgasmic fit online while sitting several feet away from each other.
![](https://image.nostr.build/dac176f5d874046c5d660f37f55b9b8add3a65c03f70eae3929c59e61dac78cb.jpg)

Imagine an OF channel and wearing a VR headset, upload (via AI) the girl of your dreams, dressed provocatively, moves forward slowly. She comes closer and closer until her cheek is next to yours, you can almost feel her. And she whispers softly into your ear, like Monica Bellucci in The Matrix (kiss scene):
'I'm here for you, kiss me, and you can do anything with me!'

🏦Banks:
👉🏽No news

🌎Macro/Geopolitics:
Last week I shared the story of the arrest of Pavel Durov.
![](https://image.nostr.build/b303b242a2527babc69c33713cfc53fd953ac59b7b6d4f9d6ca032dbb806aa9e.jpg)

I really want to emphasize that you should try Nostr before you need Nostr.
'Similar to how Bitcoin is purging money from the state’s control….
NOSTR is purging centralized media and speech from the government puppet media sources…there’s no NOSTR CEO to summon & testify in front of the elected clowns…' -Preston Pysh

If there is a throat to choke, it will be choked.

If there is a head to cut off, it will be cut off.

Platform owners that bend the knee to totalitarianism will censor and deplatform you.
Platform owners that do not comply will be arrested and threatened with the full force of “The Law.”

You cannot kill Nostr. There is no single throat to choke, no one head to cut off. Succeed in cutting off one head and two will grow in its place.

On the 1st of September:

👉🏽'Global net gold purchases by central banks reached 483 tonnes in the first half of 2024, the most on record.

This is 5% higher than the previous record of 460 tonnes set in the first half of 2023.
In Q2 2024, central banks bought 183 tonnes of gold, marking a 6% year-over-year increase.

On the other hand, this was 39% lower than the 300 tonnes of purchases seen in Q1.
The largest buyers were the National Bank of Poland, the Reserve Bank of India, and the Central Bank of Turkey.' -TKL

The East (China, India, Russia, Saudi, etc.) no longer trusts owning Western reserve assets. Even the West (artikel no longer trusts owning US bonds)

Let's say Central Banks are betting against their current system by buying gold. What could go wrong and why don't you have any Bitcoin? Just study Bitcoin to start with.

👉🏽A German far-right party (AfD) is projected to win in regional elections for the first time since 1945, exit polls show. Great! Well done Europe, Germany is circling the drain again, innit!? This worked out so well the last time...in 1930-1945.

👉🏽5-7% unemployment in the U.S. in 2025 will be a reality - zero doubt!
'US consumers' perceptions of the labor market have weakened to the worst level since 2021.

The difference between the share of Americans saying that jobs are plentiful minus those saying they are hard to get declined is down to 16.4%.
In previous business cycles, has been a leading indicator of unemployment.
It now suggests that the unemployment rate may increase to 5.5% in the coming months.
The labor market is trending toward a recession.' -TKL

Trump (or Kamala) may be handed over one of the worst economic conditions since the Great Recession of 2007-2009.

On the 2nd of September:

👉🏽Volkswagen is considering unprecedented factory closures in Germany in a bid for deeper cutbacks in another blow to Chancellor Olaf Scholz’s govt. Any shutdowns would mark the 1st closures in Germany during the company’s 87y history, setting VW up for a clash with powerful unions.' -Holger Zschaepitz

No shit Sherlock! Manufacturing is energy-intensive. Industry will move elsewhere if a place has persistently high energy prices. Germany self-sabotaged its own energy as it chose to deindustrialize to remain part of the West. Consumers suffer from high energy prices too. Hello Europe!

VW CEO: "We might go bankrupt." (Debt levels going in the same direction as China's Evergrande..)
Union: "We demand a 7.7% salary increase and reduced working hours." Welcome to the German social system.

German deindustrialization has just brought its industrial production to the 2006 level. All degrowth enthusiasts must be happy. You don't believe me.  Germany's industrial production level made another low. Down 16% from its peak, no growth since 2010, up 0.3% annually over the past 20 years.

A huge 2.4% drop in industrial production in July. Much worse than expected. Production is now 2.2% lower than its average level in Q2 and 9.5% below February 2023. Still below 2019 levels.
![](https://image.nostr.build/9c0fabc145e141dee7a10ac2a08f7c4a0e27b91fc50e040dc63336e250f75e3b.jpg)

'The German business model was based on:
1. Cheap energy from Russia
2. Cheap subcontractors in Eastern Europe
3. Steadily growing exports to China
4. Free defense from the U.S.

1-3 are gone. The consequences are clear.' - Gabor Gurbacs

Now don't get me wrong they (VW) also falling behind in innovation, products are outdated and don't sell anymore.

https://x.com/TuurDemeester/status/1832438221491597579
![](https://image.nostr.build/25c8337293d4aca83a93ea2f008581909e12215d92445343b4596ab38c0f2a13.jpg)

On the 3rd of September:

👉🏽Weak U.S. manufacturing data affected the markets last week:
'The market is reacting negatively this morning to extremely poor ISM manufacturing data.

The TL;DR: Demand fell, inventories rose (due to unsold stock), and prices *rose* (due to labor and shipping costs). This is the definition of stagflation. The Fed’s worst nightmare.' -James Lavish

You already know what will happen. End of September the first-rate cuts will hit us, just before we slide into a full recession. By doing so this will let inflation run hot again.

On the 4th of September:

👉🏽Brussels holds its breath for Draghi’s delayed report. 'Former European Central Bank President Mario Draghi – “the man who saved the eurozone” – presented his much-anticipated report on the future of European competitiveness to EU diplomats and leaders of the European Parliamentary groups on Wednesday 4th of September.

"According to several EU officials, the report remains a closely guarded secret even within the Commission, as only economy-related DGs have it at their disposal."

So it is first presented behind closed doors, after being lifted over the elections. This report proposes radical changes (according to Draghi). You can’t do this like that. Why no livestream? Why just not 'open source'?

Closed doors & secrets = antidemocratic to the core.

Eventually, the report can be found here: https://archive.ph/MjbBe

'Former ECB President Mario Draghi called on the EU to invest as much as €800bn extra a year to make the bloc more competitive and to commit to the regular issuance of common bonds to compete w/China and the US.
Draghi said that Europe will need to boost investment by about 5ppts of the bloc’s GDP – a level not seen in > 50 years – to transform its economy so that it can remain competitive.
Draghi also pitched an adaptation of the EU’s competition policy so that “it does not become a barrier” to the bloc’s industrial goals.'

On the 5th of September:

👉🏽Last week I already explained how freaking stupid the proposed corporate tax was by Kamala Harris. 'Kamala Harris says she would raise the corporate tax rate to 28% if she is elected president.'

Please go back to that Weekly Recap and read the whole bit on that segment.

Now this week: 'KAMALA PROPOSES TO RAISE CAPITAL GAINS TAX TO 33%, FAR ABOVE GLOBAL AVERAGES' This is significantly higher than China’s 20% and Europe’s average of 18%.

This hike would bring the combined federal-state rate above 40% in many states and could severely impact small business owners and families.

I will quote James Lavish on this one:
'So here is how it works: The overall system forces you to take risks by investing to keep up with the relentless inflation that is caused by the system. If you are fortunate enough to succeed in your investments, the 'Harris System' will then take 1/3 of that success from you.'

As mentioned last week: Now don't get me wrong. I do not support Trump or any politician (I am based in the EU), but for the love of god, we the people need to start thinking and use that tool called BRAINS!

👉🏽'Interest expense on US Federal debt is now at a record $3 billion PER DAY.
This is TRIPLE the amount paid 10 years ago and has DOUBLED in just 2.5 years.
Total annual interest costs on Federal debt reached a whopping $1.1 trillion in Q2 2024.
Even if the Fed cuts rates by 1% and all government bond yields decline by 1%, daily interest expense will still be $2.5 billion. That would be more than double the average paid in 2009-2019.

The debt crisis is an understatement.' -TKL
![](https://image.nostr.build/5a3feee2749cfdfe73054a68b334ed2b20de384fd6c3dd5c7ba9cc46e8b28289.jpg)

Great quote by Joe Consorti, just to give you some perspective:
'The US government pays more interest on its debt every 2 seconds than the average American salary.
$1,089,100,000,000 per year
$2,983,835,616 per day
$34,535 per second
The average US salary is $59,384.'

The U.S. government spends money as if there is a crisis
The deficit hit $1.5 trillion in the first 10 months of Fiscal 2024.
This is larger than all years before the COVID Crisis including 2009 - the last year of the Financial Crisis when the deficit was $1.4T.
Once a US president, Ronald Reagan said the following on government deficits:
“We do not face large DEFICITS because American families are undertaxed [but] because the federal government OVERSPENDS."

Anyway, before COVID-19, the US paid $1 billion in debt interest per day; during COVID it was $2 billion. Today, it is $3 billion every day.

Just to make it even worse, and again no doom or gloom from my side just stats published by the BLS (government body)

👉🏽'The US labor force participation rate is set to decline to 61.2% over the next decade, according to the BLS. This would mark the lowest percentage since the 2020 pandemic and the second lowest in ~50 years. These expectations are driven by the aging population and lower population growth projections. The BLS anticipates the population excluding prisoners and people in military service will rise by 16.4 million through 2033, 5 million fewer people than over the past decade.

This puts us on track for the slowest population growth rate since the BLS began publishing the data in 1948. Slowing population growth is a crisis.' -TKL

👉🏽Global Liquidity breaks out new all-time high $90.57 trillion M2 Money Supply

👉🏽The United Arab Emirates completes the first nuclear power plant in the ‘Arab world’.

👉🏽'Chinese banks have built a $100bn short against the US dollar to prop up the yuan — and hedge funds are eager to get in on the trade. At the center of it all are transactions known as FX swaps. These have quietly become a key tool for state-run Chinese banks seeking to prop up the yuan during periods of outsized selling pressure.' -Bloomberg

Source: https://archive.ph/uxZ7y

Short team gain for long-term pain.

On the 6th of September:

👉🏽'The June and July jobs reports were just revised lower by an additional 86,000 jobs.
This is the SECOND TIME that the June jobs report was revised lower.
6 out of the last 7 jobs reports have now been revised LOWER, per ZeroHedge.
11 out of the last 15 jobs reports have now been revised lower.
We are talking about MILLIONS in jobs revisions over the last two years.' -TKL
I will say it again...if the US government can't have a grip on the jobs reports, why on earth do you believe other figures? For example the inflation number.

BLS (Bureau of Labor Statistics) stat from August:
Foreign-born workers: +635K in August
Native-born workers: -1.325 MILLION in August
Yes, 1.3 million NATIVE-BORN Americans lost a job in August

👉🏽The UK's economy has stagnated since 2008.
In terms of GDP per capita - economic output divided by the number of people in a country - they have gone backward.
Great thread: https://x.com/sam_bidwell/status/1832062722412015803

👉🏽Never forget what they stole from you with inflation.
![](https://image.nostr.build/ac2b9dc040bc72ee7022b03b927514ef32925866b48897e5b607eb17e0908132.jpg)

🎁If you have made it this far I would like to give you a little gift:
Lyn Aldens latest newsletter is out, as always deep and simple

https://www.lynalden.com/september-2024-newsletter/

It discusses ongoing fiscal dominance and its investing implications.
Lyn on Bitcoin:

'I don’t have a firm view on the bitcoin price over the next few months, but I am bullish with a 2-year view and beyond.'

Credit: I have used multiple sources!

My savings account: Bitcoin
The tool I recommend for setting up a Bitcoin savings plan: @Relai 🇨🇭 especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. (Please only use it till the 31st of October - after that full KYC)
Hence a DCA, Dollar cost Average Strategy. Check out my tutorial post (Instagram) & video (YouTube) for more info.

Get your Bitcoin out of exchanges. Save them on a hardware wallet, run your own node...be your own bank. Not your keys, not your coins. It's that simple.

Do you think this post is helpful to you? If so, please share it and support my work with sats.

⭐ Many thanks⭐

Felipe - Bitcoin Friday!
▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃

The Latest Bitcoin & Macro news: Weekly Recap 09.09.2024

'The US government pays more interest on its debt every 2 seconds than the average American salary.
$1,089,100,000,000 per year
$2,983,835,616 per day
$34,535 per second
The average US salary is $59,384.' - Joe Consorti

"You will spend 40,000 hours of your life trying to make money; it's worthwhile to spend 100 hours figuring out how to keep it."
- Michael Saylor on Bitcoin

This is a long form article, you can read it in https://habla.news/a/naddr1qvzqqqr4gupzq2jazfrlt2gdkxx2lwc7qn47j3ewlv34dhpj6qqx38w4agpe3tgpqqxnzdejxscnsdeexgerzdejv488jr


“IF BITCOIN IS SUCCESSFUL APPLE WILL BAN THE APPS. WE SHOULD JUST USE APPLE PAY.”

“IF NOSTR IS SUCCESSFUL APPLE WILL BAN THE APPS. WE SHOULD JUST USE X.”

BOTH TAKES SHOW A LACK OF UNDERSTANDING OF OPEN PROTOCOLS AND OPEN SOURCE CLIENTS.

DO BETTER. BE BETTER. FREE MEN DO NOT ASK PERMISSION.


I have a feeling in the upcoming years we will see the same type of energy, like Pirate Bay 20 years ago, by Bitcoiners worldwide.

GFY!🧡

Study, learn, hodl, decouple.
#bitcoin                    🧡
▃▃▃▃▃▃▃▃▃▃▃▃▃▃

My savings account: Bitcoin
The tool I recommend for setting up a Bitcoin savings plan: @Relai 🇨🇭 🇨🇭 especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. (Please only use it till the 31st of October - after that full KYC) Hence a DCA, Dollar cost Average Strategy. Check out my tutorial post (Instagram) & video (YouTube) for more info.

Felipe - BitcoinFriday

#zap                      🧡   #nostr                        #BTC                       #Bitcoin                      #plebchain                         #grownostr    #stacksats #bitcoineducation #adoption
https://m.primal.net/KfbR.jpg


Hey Fam🧡

No ‘Weekly Recap’ this week as I am enjoying a short holiday.

See y’all next week!

Felipe - Bitcoin Friday

#zap 🧡 #weeklyrecap #nostr #plebchain #BTC #Bitcoin #plebchain #grownostr #stacksats #bitcoineducation #adoption
https://m.primal.net/KaJN.jpg


BitcoinFriday

Change the world through Bitcoin education
▫ Bitcoin since 2013

Free Sats while shopping online? https://satsback.com/register/wkB62WkkQ2WpGre0


we aren't talking about ai+nostr enough https://m.primal.net/KROt.png


The Latest Bitcoin & Macro news: Weekly Recap 26.08.2024

If you rather want to read the long format outside of Nostr, click here:
https://habla.news/a/naddr1qvzqqqr4gupzq0ractzc0mkwq58mcevqnvtqn5vjqluzthtkw49ejp0fe2q9vs4gqqxnzdejxsurvdp4xc6nxwpjk5r36g

nostr:naddr1qvzqqqr4gupzq0ractzc0mkwq58mcevqnvtqn5vjqluzthtkw49ejp0fe2q9vs4gqqxnzdejxsurvdp4xc6nxwpjk5r36g

#zap 🧡 #weeklyrecap #nostr #plebchain #BTC #Bitcoin #plebchain #grownostr #stacksats #bitcoineducation #adoption


#Nostr https://i.nostr.build/RRKwS53EgRRB1JIe.jpg


# # 🧠Quote(s) of the week:

"If you are an entrepreneur, my recommended strategy is not [to] work yourself to death.
Notice that there's $450T of capital in traditional 20th-century assets. There's $1T in bitcoin.
Be the conduit to move the next trillion dollars from the old world to the new."
—Michael Saylor
[](https://image.nostr.build/c2056682e45c2fac8f234d0389d86d71af9c4ef956f9936f57d96314bd182a00.jpg)

## 🧡Bitcoin news🧡

Because of the aftermath of Telegram founder Pavel Durov's arrest, this week's Weekly Recap is a bit later than normal. I really wanted to wait for some additional information on that case, more on that below in the segment 'Macro & Geopolitics'.

Just remember that: 'When platforms start to fall, protocols will remain. you can’t arrest email, http, or Nostr. Nostr has no CEO. X, telegram, rumble, *can’t* have free speech in a world where governments can compel to censor by threat of imprisonment.' - Damus

If we are using the same logic...People sell drugs on the streets of Paris or in Amsterdam. Should Macron or Halsema be arrested, innit?
'If Telegram can be banned because drug dealers use it to exchange information, then Mercedes should also be banned because they are used to transport drugs.
Don't be fooled, freedom of speech is at stake.....'

If one of the founders of Twitter and Square is now telling you Bitcoin and NOSTR are the future, you might want to pay attention. NOSTR is the second most important technology in the world right now (after BTC)

Jack Dorsey explains why NOSTR is the most censorship-resistant social media platform.

The future of free speech is decentralization:
https://x.com/primal_app/status/1812929737427169346

Full speech: https://www.youtube.com/watch?v=t-40158eRqo

Anyway without further due...your next Weekly Recap:

On the 19th of August:

➡15 of the 25 largest Hedge Funds have disclosed Bitcoin ETF holdings.
BlackRock’s Bitcoin ETF now has the third largest YTD flows among all Global ETFs.
Bitcoin has shaken up the Wall St.

On the 21st of August:

➡The scientific consensus (9 of the last 10 published papers) now supports the view that Bitcoin mining has benefits to both the environment and the energy grid.

On the 22nd of August:

➡CEO of $1.5 TRILLION Franklin Templeton says Wall Street underestimates Bitcoin's enormous scale.

➡Antpool mines a block including 9.515 Bitcoin ($583K) in fees.

➡'Bitcoin processed $36.6 TRILLION of transactions in 2023.
That's more than DOUBLE MasterCard + Visa combined.' -Bitcoin Archive

➡'Gryphon Digital Mining acquires a Louisiana Bitcoin mining operation for $1.5M.
The operation uses ultra-low-cost electricity at $0.01/kWh and is expected to generate $1M annually.' -Bitcoin News

➡'The Salvadoran government has been buying 1 Bitcoin per day since March 16, accumulating 160 BTC ($10.31M). They now hold 5,850 BTC ($355.83M) with an average cost of $44,835 and a profit of $93.45M' -Bitcoin News

➡ The Rational Root: Wrapping up stage 3

[](https://image.nostr.build/7f6dc3b06882a11c3da83cf120a8e03a81286971068a2c081d17ac38bbc8dc51.jpg)

Fantastic chart and visual as always.  Simple, yet effective in its purpose.

'Read the latest Bitcoin Strategy [newsletter ](https://bitcoinstrategy.substack.com/p/the-3-stages-recovery-coming-to-an)discussing the end of the recovery stage and how the current cycle is outperforming previous ones.'

Remember The stages of Bitcoin:
1. The Halving
2. The boring stage (we’re here)
3. The bullrun euforia
4. The bear market fear
If you’re calmly DCAing during all of these stages you have understood Bitcoin.

➡JPMorgan estimates the value of remaining unmined Bitcoin at $74B, at current prices.

On the 23rd of August:

➡ Bitcoin ETFs saw $252 million in inflow on the 23rd of August, the highest in a month.

➡Holding Bitcoin has been profitable for over 96% of its history.

On the 24th of August:

➡The Ethereum Foundation dumped ~$100m worth of ETH to Kraken two days after Vitalik started "bullposting". I mean, the Ethereum Foundation IS doing great, they just sold $100M worth of ETH to pay their grants and salaries.

People who bought the 30% of ETH that wasn't pre-mined by the Foundation... Not doing so great

[](https://image.nostr.build/0c0a1158d999e1441f84bf431f470490f562faf3fed64a9245b1dd78d5d59442.jpg)

Ethereum just fell through a third and major technical support line. Next possible stop: 0.03 BTC. All shitcoins will fall to zero, eventually.

➡Bitcoin and Digital Asset Companies become the single largest corporate PAC donors in the entire nation - Accounting for nearly 50% of all donations across every industry in 2024.

On the 25th of August:

➡President Bukele: El Salvador is not only the safest country in the Western Hemisphere, but we also guarantee that you won’t be arrested, censored, or have your assets seized for exercising your right to free speech.

➡Block generated $2.6 billion in Bitcoin revenue in Q2, bringing its total Bitcoin sales to over $5.3 billion for the year.

On the 26th of August:

➡'ESMA releases 400-page report, with proposed disclosure regulations for anyone with > 17 new mining rigs,
effectively making life extremely difficult for all commercial Bitcoin mining companies, and discouraging future commercial Bitcoin mining.
Context: In Jan this year I wrote that ECB and ESMA (Securities and Markets Authority - like the SEC in the US) were working together on defacto bitcoin mining bans.
Within 3 months we saw the first wave of evidence of that...' - Daniel Batten

This is not a surprise, the EU wanted to outright forbid Bitcoin mining. Regulation clownery.

Please read the full post [here](https://x.com/DSBatten/status/1828182078107894108).

After doing that please contact @ODFoundation to see how you can help.
Please support them this time, even if you were one of the people saying/thinking "It's not so bad" the first time they reached out and asked for your help.

➡BlackRock's website reveals that their Strategic Global Bond Fund holds 32,000 shares of their Bitcoin ETF.

## 💸Traditional Finance / Macro:

On the 21st of August:

👉🏽The S&P 500
Now let's have a look at the S&P 500 denominate in Bitcoin (or be dominated by Bitcoin).

[](https://image.nostr.build/2c12e00e5775726d369d605308986ca529548588b8d84af297e6c02214225a74.jpg)

Now let's have a look at the S&P denominate in Gold.
[](https://image.nostr.build/e7fdfcc3a360126fb03eb59ca17819294fbb309e0a588e8e0a53a4b2155dfb82.jpg)

On the 23rd of August:

👉🏽'Investors are losing faith in Ray Dalio’s risk strategy after a lackluster five-year run, and pulling out their cash— it’s been disappointing for a long time.'
With a mere 5% Bitcoin allocation he would have outperformed all other funds.
Source: https://fortune.com/2024/04/23/lackluster-returns-ray-dalio-investing-strategy-investors-pull-billions/

### 🏦Banks:

👉🏽No news

## 🌎Macro/Geopolitics:

I want to start this segment with the arrest of Pavel Durov, CEO of Telegram. This occurred on the 24th of August in France. After the Olympics and that crazy opening ceremony you might say France is peak clown world.

Pavel is now facing 20 years in jail for refusing to censor his platform. The charges include terrorism, money laundering, and more—looks like they’re targeting anyone who defends free speech. Authorities claim that Telegram's lack of moderation and the instruments it provides (disposable numbers, and cryptocurrency) make it an accomplice in drug trafficking and fraud. If this happened to Mark Zuckerberg in Russia, every Western government would be going crazy.

Pavel Durov posted a now-famous photo in 2011 when Russia demanded Telegram censor accounts. Western governments and media cheered...

The hypocrisy and double standards are astounding. Why? A lawsuit claims Meta enables child abuse.

Instagram has a massive child exploitation problem, but no arrest for Zuck, as he censors free speech and gives governments backdoor access to user data. (more on that below on the 26th of August)

Bear in mind that Pavel Durov recently revealed to Tucker Carlson that the FBI approached a Telegram engineer, attempting to secretly hire him to install a backdoor that would allow U.S. intelligence agencies to spy on users. They're after him because Telegram doesn't bend the knee to their narrative control. If you want to see the full interview, click here: https://x.com/TuckerCarlson/status/1827460234887008277

They're terrified of the truth getting out, so they label everything they can't control as 'terrorism' or 'hate speech'. It's the EU's latest move to strangle our right to speak freely, to share information without their Orwellian oversight.

This is about silencing dissent and controlling information. They want to turn the internet into another arm of their propaganda machine. We're watching freedom of speech being attacked right before our eyes.

Make no mistake, they’re using this to set a precedent which they will then use to go after Elon Musk and X. Elon should probably avoid traveling to Europe for now. Rumble CEO fled Europe after Pavel Durov’s arrest. Just look at what they did to Ross Ulbricht, that was a warning to everybody else. (read the Weekly Recap from two weeks ago)
[](https://image.nostr.build/2f1ee6df8d7ceb45ca53ff0cdb16de8acc83c6b46b300a51f99eb023799e6965.jpg)

I really want to emphasize that you should try Nostr before you need Nostr.
'Similar to how Bitcoin is purging money from the state’s control….
NOSTR is purging centralized media and speech from the government puppet media sources…there’s no NOSTR CEO to summon & testify in front of the elected clowns…'
-Preston Pysh

'If there is a throat to choke, it will be choked.
If there is a head to cut off, it will be cut off.
Platform owners that bend the knee to totalitarianism will censor and deplatform you.
Platform owners that do not comply will be arrested and threatened with the full force of “The Law.”
Nostr is a Hydra. You cannot kill Nostr. There is no single throat to choke, no one head to cut off. Succeed in cutting off one head and two will grow in its place.' - Walker

On the 19th of August:

👉🏽'Global Liquidity is moving up fast.

Do it yourself in Trading View enter this formula and hit ENTER.
(FRED:M2SL+ECONOMICS:EUM2*FX:EURUSD+LSE_DLY:JPM2/FX:USDJPY+ECONOMICS:CNM2/FX:USDCNH)/1000000000000
This is the US, EU, Japan, and China M2 Money Supply. $80.75 Trillion.' - MartyParty

If only there were an asset we knew of whose price action was closely correlated with global liquidity….

I will give you a hint, it starts with the letter B.

It doesn't matter what Bitcoin is doing right now. You know it will all start to rise in late September as the first-rate cute comes in (more on that below 23rd of Aug.) and global liquidity rises.

Money market funds climb to an all-time high of $6.24 trillion, 5x the Bitcoin market cap.
As soon as interest rates are lowered again, this pent-up liquidity will come onto the market.

Hello, liquidity!

👉🏽'Kamala Harris says she would raise the corporate tax rate to 28% if she is elected president.

The corporate tax rate has been 21% since 2018.
This would be the first hike in the corporate tax rate in over 40 years.'

Kamala's policies so far:
-Price Controls
-28% corporate tax
-44.6% capital gains tax (the highest in history -The proposal includes a 25% tax on unrealized gains for high-net-worth individuals.
-25% tax on unrealized gains

A real expert on economics & fiscal policy on this one.

'Has anyone told her how taxing unrealized gains worked out for Norway?
Norway expected an additional $150M in annual tax revenue, but caused $54B in wealth to flee the country, costing them $600M in annual tax revenue.' - Jameson Lopp

It's property confiscation. Plain and simple. (Please read the book 'The Sovereign Individual')

Please read the following tweet all the way through, an excellent analysis by Max Meyer:
https://x.com/mualphaxi/status/1826082987609407528

But just to show you how dumb these people are or how they shamelessly will continue gaslighting the people/ the public.

Harris-Biden Commerce Sec. Gina Raimondo says she doesn't believe new government data that shows almost a million of the jobs the Harris-Biden admin claimed to have "created" don't actually exist.

Reporter: Nearly a million jobs "created" since Kamala took office do not exist.
Raimondo: “I don’t believe it because I’ve never heard Trump say anything truthful.”
Reporter: "It is from the Bureau of Labor."
Raimondo: "I'm not familiar with that."

She isn't familiar with the Bureau of Labor, really Gina! Either she is incompetent or she is lying. There is no middle ground.

Just to give you a hint as to why she is lying:
Biden's commerce secretary Gina Raimondo (who runs the US Bureau of Economic Analysis) is "not familiar" with the Bureau of Labor Statistics which makes up the monthly jobs report.

Here is the video if for some reason you think I made this up as this sounds stupid as hell: https://x.com/RNCResearch/status/1826374800899752438

Now don't get me wrong. I do not support Trump or any politician (I am based in the EU), but for the love of god, we the people need to start thinking and use that tool called BRAINS!

On the 20th of August:

👉🏽'US new bankruptcy filings hit 6,276 in Q2 2024, the highest level since Q2 2017.
The number of companies declaring bankruptcy has DOUBLED in just 2 years.
Chapter 7 filings, also known as liquidation bankruptcies, reached a whopping 3,151 in Q2, the most since the 2020 Pandemic.

Chapter 11 cases hit 2,462 last quarter, exceeding every other quarter in the previous 10 years.
Furthermore, Chapter 13 and other bankruptcies rose to 469 and 194, respectively.
Bankruptcies have been rising at a pace seen during major economic downturns.' -TKL

I don't think this is a bad thing though. Rising bankruptcies are the natural clearing process of cleansing the economy of bad ideas or operators. But combine this with the Fake Jobs numbers, Fake inflation, and Fake GDP... you have to wonder if the US economy is on the brink.

But just have a look at the current situation:

1. US job additions revised lower by 818,000, the largest revision since 2009
2. The US unemployment rate is up to 4.3%, the highest since 2021
3. 5 out of the last 6 jobs reports have now been revised LOWER
4. A record number of Americans are now working multiple jobs
5. The US Dollar has lost 25% of its purchasing power in 4 years
6. 11% of credit card balances in the US are now delinquent, the highest in over a decade
[](https://image.nostr.build/61f77a18150bf9378f5241c65f010f54a80710a4ec655517216b356dc749473c.jpg)

👉🏽There is a lot of talk about the upcoming pensions and healthcare entitlements crisis in the US. Folks, compared with Europe the US is in good shape.

Europe is on its way to becoming second to Japan, however with generous social systems. Who is supposed to pay for that?' -Miachel A Arouet
[](https://image.nostr.build/409097b76e231c9cded2f3f4991e1c86c40128286ce2ea519cea7e3b2aad3f6c.png)

Gladly the EU is not a country. Countries are sovereign and the EU is not. But the EU is too interlinked. Even though the Netherlands and the North may have better policies in terms of funding pensions, they may have to fund the shortages in the South, AND their governments are broke.

European countries will need to increase the retirement age up to 70-75. It's mathematics, there's no way around it: we can't have more people in retirement than working.

What will happen? At a certain point, the young/talented/smart people will flee. Or the younger generation will pay for it by being in debt, with no future, higher taxes, and less chance of owning homes. The young should invest and demand the government privatize healthcare and schools. (ergo, last bit will not happen)

On the 23rd of August:

👉🏽 RFK Jr. says the Democratic Party "has become the party of the war, censorship, corruption, big pharma, big tech, big money."
He said that after officially withdrawing from the 2024 presidential election and endorsing Donald Trump.

👉🏽If Gold rises 33% YoY you know something in the world economy is breaking.
Probably not a coincidence. Gold is simply a reliable long-term wealth protection tool.

👉🏽The Fed pivot is closer than ever...

Here are Fed Chair Powell's remarks:
1. "The time has come for Fed policy to adjust" (Confirms Sept rate cut, doesn't indicate whether 25bps or 50bps.)
2. The Fed "will do everything" to support a strong labor market
3. The Fed does not welcome further weakening of the labor market
4. Confidence has grown that inflation is heading to 2%
5. The balance of risks to Fed mandates has changed
6. Inflation has declined significantly toward the goal

On the 24th of August:

👉🏽Meloni's government reduces the arrival of illegal immigrants by 60% in the first quarter of the year.

-It has withdrawn all types of payment or subsidy.
-If you enter illegally you go back home.
They don't go to Italy anymore.
In Spain, arrivals have increased by 277%.

Now this post isn't about immigrants, because the 'problem' will just shift to other countries like Spain, Germany, or the Netherlands. The main message of this post is that at least she seems to be doing something, unlike most other European governments. It’s not everything she promised but it’s a start. Personally, I want to see that from other European governments.

On the 26th of August:

👉🏽Zuckerberg regrets working with the Biden-Harris administration to censor Covid era information online and admitted three things:
1. Biden-Harris Admin "pressured" Facebook to censor Americans.
2. Facebook censored Americans.
3. Facebook throttled the Hunter Biden laptop story.

Hello Freedom of SPEECH! Now go back to the top of this segment and tell me how hypocritical the Durov situation is.

[](https://image.nostr.build/53664d049d9c51551bb334dbf49656baba0c59d503c26f6c765fe8c825611c3d.jpg)

'In a bombshell letter to House Judiciary Chairman Jim Jordan, Zuckerberg expresses deep regret over Meta's compliance with Biden Administration pressure to censor COVID-19 content in 2021.
The tech mogul admits they should have been more outspoken against government-led censorship attempts. Zuckerberg reveals the White House repeatedly urged Meta to remove COVID-related content, including humor and satire, causing internal frustration.
He now believes this government pressure was "wrong" and vows to push back against similar future attempts. In a stunning political shift, Zuckerberg also announced he will not contribute money to Democratic candidates this election cycle.'

I want to finish this week's Weekly Recap with the following quote by Cory Bates:

'You can arrest the founder of Ethereum.
You can arrest the leader of Cardano.
You can arrest the CEO of XRP.
You can arrest the CEO of X.
You can arrest the CEO of Rumble.
Go on and on down the line, it’s the same.
But no matter how try, you can’t arrest the creator of Bitcoin.
He’s gone- walked away. This was his gift to humanity. That’s the whole point.'

Forbes:

“Networks like Bitcoin and Nostr are more needed than ever. They both give people geographic arbitrage, the ability to operate without corporate leadership, and a hedge against state repression.”

🎁If you have made it this far I would like to give you a little gift:
Must watch for anyone who feels anything about social media:

https://www.youtube.com/watch?v=XUsk7cqZyKU

Great talk, history context is spot on!

Credit: I have used multiple sources!
My savings account: Bitcoin
The tool I recommend for setting up a Bitcoin savings plan: @Relai 🇨🇭 especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. (Please only use it till the 31st of October - after that full KYC)
Hence a DCA, Dollar cost Average Strategy. Check out my tutorial post (Instagram) & video (YouTube) for more info.

Get your Bitcoin out of exchanges. Save them on a hardware wallet, run your own node...be your own bank. Not your keys, not your coins. It's that simple.

Do you think this post is helpful to you?

If so, please share it and support my work with sats.

See y'all next week!

Felipe - Bitcoin Friday

The Latest Bitcoin & Macro news: Weekly Recap 26.08.2024

#zap 🧡 #weeklyrecap #nostr   #plebchain     #BTC    #Bitcoin    #zap🧡      #plebchain    #grownostr    #stacksats  #bitcoineducation  #adoption

This is a long form article, you can read it in https://habla.news/a/naddr1qvzqqqr4gupzq0ractzc0mkwq58mcevqnvtqn5vjqluzthtkw49ejp0fe2q9vs4gqqxnzdejxsurvdp4xc6nxwpjk5r36g


The Latest Bitcoin & Macro news: Weekly Recap 19.08.2024

If you rather want to read the long format outside of Nostr, click here:

https://habla.news/a/naddr1qvzqqqr4gupzq2jazfrlt2gdkxx2lwc7qn47j3ewlv34dhpj6qqx38w4agpe3tgpqqxnzdejxscnsdeexgerzdejv488jr

On Nostr:
nostr:naddr1qvzqqqr4gupzq2jazfrlt2gdkxx2lwc7qn47j3ewlv34dhpj6qqx38w4agpe3tgpqqxnzdejxscnsdeexgerzdejv488jr

🧡


I almost snorted coffee out my nose laughing at this! Best tweet of the day🤣🤣

Study, learn, hodl, decouple.
#bitcoin                    🧡
▃▃▃▃▃▃▃▃▃▃▃▃▃▃

My savings account: Bitcoin
The tool I recommend for setting up a Bitcoin savings plan: @Relai 🇨🇭 🇨🇭 especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. (Please only use it till the 31st of October - after that full KYC) Hence a DCA, Dollar cost Average Strategy. Check out my tutorial post (Instagram) & video (YouTube) for more info.

Felipe - BitcoinFriday

#zap                      🧡   #nostr                        #BTC                       #Bitcoin                      #plebchain                         #grownostr    #stacksats #bitcoineducation #adoption
https://m.primal.net/KDTd.jpg