Housekeeping: Good afternoon.
Morning Rundown:
Macro-Economics/Commodities:
Geopolitics:
Founders:
GOLDFIX Intraday Chat:
Market Recap:
GS is putting out a weekly piece on crypto these days that is excerpted. Mostly it’s news and helpful in corralling the various political and legal aspects of things now. Last week’s had two sections we looked at: BTC seasonality (October is historically a good month despite so far) and a primer for people trying to understand halving cycles a little better. We’ve been getting more inquiries on BTC…from gold people who are now curious, no doubt feeling better given gold and silver’s rise and looking for any other place to hedge the Tsunami of printing headed our way.
Metals and geopolitics have been so dominant that little time has been made to read all the macro and BTC material. But now that speculative positions are mostly flat, we can focus a little on BTC and Macro (for Founders AM) again.
Also: the big ETF firms are marketing BTC to normies (such as myself) by tying it to gold—not by showing how it is Gold 2.0 (like Saylor did), but by saying, “Hey, take some of those gold profits and put them in BTC.” This always happens at the bank level when a client has profits and is considering selling.. They seek another play. But it’s happening again, so be aware whether you buy or not.
Bottom Line: So, if some of us are thinking about btc , banks are pitching it, Elon is talking BTC again, and October is supposed to be good for BTC… thought this might be of interest.
