In this essay, Arthur Hayes dissects the "fatty boom boom" situation of the American economy, drawing parallels between the "fat-positive" narrative and the nation's unsustainable monetary policies. He delves into the strategic responses of the U.S. Treasury and the Federal Reserve, analyzing how these actions are reshaping market dynamics. Arthur explores the potential for capital controls and dollar devaluation as key tools for managing imbalances, and analyzes the intricate interplay between these policies and the potential implications for Bitcoin's price trajectory. He examines how this macro environment, driven by systemic distortions and monetary interventions, could create a unique opportunity for crypto markets.
I love sci-fi novels. At any given time, I am reading at least one sci-fi novel. Dune, by Frank Herbert, is the single best sci-fi novel ever written. The full six book series is quite good, but the quality tapers off after the first book. The best sci-fi book series is The Three-Body Problem trilogy by Liu Cixin.
Being right is great, but the true trading legends are right and then continue holding their positions until they are RICH. A lot of people lament that, had they bought Bitcoin back some years ago, if they held until today, they would be in a different wealth category.