☕ Bond's Yield Suffers

Bonds Are Down 30% From All-Time Highs
By Dylan LeClair and Sam Rule

The iShares 20-year Treasury Bond ETF, TLT, which tracks an index of long duration maturities, is now down over 30% from all-time high back in July 2020. This latest drawdown is the fastest deceleration across a 30-day percentage change since May 2009.

The trust in the financial system is breaking — around $100 trillion of worth of credit promising return-free risk, is now yielding negative real rates due to the high numbers on inflation.

Throughout all of this mess, bitcoin stands strong and looks remarkably cheap as perhaps the only asset with no counter-party risk and zero dilution risk. It might be the perfect asset to hold at this stage of the long-term debt cycle.

Bitcoin Is Venice: A Capital Renaissance
ByAllen Farrington And Sacha Meyers

This is an article in a series of adapted excerpts from the book “Bitcoin Is Venice” by Allen Farrington and Sacha Meyers. In this chapter, the concepts of money, capital, public goods and private property are brought into discussion to demonstrate that money has, so far, alway been both private property and affected by the behavior of others, free riding in a manner that clearly harms the well-behaved.

Money literally is a common-pool resource and what money is or should be is therefore a common-pool resource problem. It may be the single most important common-pool resource problem; hence Bitcoin is the most important solution and by extension the most important enabling technology for the management of a common-pool resource. Bitcoin will, slowly but surely — gradually then suddenly — bring us back to an understanding and practice of economics.

1. Bitcoin is a contender to replace inferior monetary defensive protocols in order to maximize the protection of individual rights.

2. Bitcoin is quickly leaving exchanges at a rate not seen in years, with almost 80,000 bitcoin being moved off platforms over the last 30 days.

3. The relationship between energy prices, hash rate, difficulty and the bitcoin price will be extremely important as the price of energy rises.

4. Bitcoin as a peer-to-peer financial system and its ideology of financial freedom make a stronger case than the claims of other cryptocurrencies.

5. 21Sharesis set to become the first issuer to launch a spot bitcoin ETF in Australia after Cosmos announced its de-facto fund of funds.

6. Russia’s Federal Tax Service proposed a change to the “On Digital Currency” legislation allowing entities to accept bitcoin as payment in foreign trade.

7. BitPay announced that a Porsche dealer in the Baltimore region is now accepting bitcoin and other cryptocurrencies as payment for its vehicles.

8. Brazilian wine club known as Wine is accepting bitcoin as payment on its mobile application and hopes to extend functionality to desktop and mobile sites.

9. What makes this Norway so attractive to bitcoin miners, considering the country’s tiny geographical size and small population?

10. By freezing accounts of everyday citizens, the Canadian government demonstrated the necessity of Bitcoin. Russia is learning the same lesson through U.S. sanctions.

11. The Treasury department announced sanctions against companies and individuals who enable fiat payments or infrastructure for bitcoin mining in Russia.

Bitcoin’s Promise For The Fourth Industrial Revolution
By Frankie Wallace

Just like the invention of the steam engine in 1712 triggered the industrial revolution, the discovery of Bitcoin has the potential to incite an unprecedented financial revolution. The separation of money and state and a global financial system immune to any kind of coercion or manipulation is, very likely, one of the most important developments of our species. It is probably the biggest function a civilization requires to thrive over space and time. Without a development like that, it is hard to imagine a society capable of lasting a long time.

Industry 4.0 is already making waves across global commerce and scalability is no longer an issue. Bitcoin, through advancing networks and accessibility, challenges traditional perceptions of banking and finance. The Bitcoin ethos promises to reduce global poverty, empowering global trade and securing financial data. The future is bright; the future is orange.