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06-05-26 savo
carib... death by inflation or death by financial crisis.... and then ...by inflation.
There is not way out for a 40 trn debt that rolls over 1/3 every 12 months, 2trn budget deficit... endless wars... a government and congress that have no intention to put the house in order and whose only real policy is to enrich their friends and family. |
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06-05-26 spal
| Best purchase I made this week was another duplex in Appleton, Wisconsin. |
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06-05-26 spal
| Colores in the main vindicated on our aversion to BTC. |
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06-05-26 panasonic
Maybe (maybe) people piling cash to participate in IPOs.
Cash was a good place to be, when me posted.
Pdvsa is doing fine, but no margin on those.
I need cash to buy what monkeys sold. |
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06-05-26 pillz
Gold erased its gains this year as robust US jobs data fueled bets that the Federal Reserve will likely raise interest rates this year, a headwind for the precious metal.
Bullion declined as much as 3.5% to $4,319.19 an ounce, giving up this year’s advance, as bond yields and the dollar climbed after the latest US data showed job growth topped all forecasts in May. The strength in the labor market keeps the door open for Fed officials to hike rates as Middle East tensions fuel higher energy prices. Higher rates are typically negative for non-yielding bullion. |
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06-05-26 carib
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06-05-26 carib
Savo: are you buying more GLD?
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06-05-26 savo
the difference between gold and btc though... is that btc goes down because people are trying to get the hell out of tokenised nothing... while the price of gold is determined in the futures market where nobody has to show the gold they are selling...
Nobody is offering big chunks of physical gold to sell... there are no buyers and so the price goes down...
Algos sell what they do not have on the hope of covering at a lower price...in cash settlements.
But as we speak the volume of gold and silver sold in the paper market continues growing while the availability of physical gold and silver available for delivery continues dropping. There will be a day when buyers will demand delivery and there will be no physical to deliver.
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06-05-26 victor
PDVsa bonds steady..
the new safe haven :-)))
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06-05-26 carib
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06-05-26 panasonic
Even oil is down, people moving to value to discover monday that those companies won't grow, so it was better cash (even inflation adjusted).
So that has been Q for weeks, which asset will lose "less" on the downturn? |
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06-05-26 savo
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06-05-26 carib
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06-05-26 savo
who was swimming naked
.... the other way around... nobody is swimming naked... it is the BTC as tokenised nothing which is a swimming costume without anybody wearing it.
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06-05-26 panasonic
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06-05-26 victor
savo, Nakamoto announced a 1-for-40 reverse stock split !!
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Bloomberg) -- Bitcoin’s slide this week is adding fresh pressure to one of the most ambitious financial experiments to emerge from the recent crypto boom: publicly traded companies created to accumulate digital assets on behalf of investors.
Shares of dozens of these digital-asset treasury companies have continued to sink alongside the broader market downturn, extending losses that in many cases far exceed those of the cryptocurrencies they were built to own. The combined market value of fully diluted Bitcoin treasury company stocks has fallen to about $72 billion from nearly $134 billion at its most recent peak in early October, according to Artemis data, erasing $62 billion and underscoring how a once-hot crypto trade continues to unravel.
Bitcoin has dropped about 15% this week to trade around a four-month lows of around $62,000. The latest retreat, fueled in part by Michael Saylor’s Strategy Inc. announcing its first sale of Bitcoin since 2022, hasn’t been disorderly — unlike the crash last October that shook the digital-asset complex.
Still, companies that once promised investors leveraged exposure to a perpetual crypto bull market are increasingly focused on survival, conducting reverse stock splits, issuing preferred securities, restructuring financing arrangements and, in some cases, selling portions of the crypto assets they once pledged to accumulate indefinitely.
“With prices now unwinding, digital-asset treasuries are faced with a stark choice: default on their debt or sell assets,” said Hayden Hughes, managing partner at Tokenize Capital. “The forced selling has shattered the perception that they would monotonically act as permanent ‘buy and hold’ investors.”
Digital-asset treasury companies, or DATs, were built on a simple premise: public markets would assign a premium to firms willing to stockpile cryptocurrencies, allowing them to issue stock, buy more tokens and repeat the process.
The model worked spectacularly as prices climbed. It has proved far less durable as crypto prices have retreated and investors have become more selective. The latest decline in Bitcoin has only added to the pressure, with the token losing about half its value since its October peak.
On balance, the trade allowed early backers and sponsors to capitalize on investor enthusiasm at the peak of the digital-asset treasury cycle, while retail investors absorbed much of the pain when valuations began to unravel.
“Digital-asset treasuries and other corporate BTC holdings collectively exceed 5% of supply, which accelerated adoption among Wall Street in a sense — but at the cost of heightened volatility for retail participants chasing the ‘easy’ wrapper,” said Akshat Vaidya, who has overseen investments in several DATs as co-founder and managing partner of Arthur Hayes’s family office, Maelstrom.
David Bailey-led Bitcoin treasury firm Nakamoto announced a 1-for-40 reverse stock split as its shares slumped almost 100% in the past year. Japan’s Metaplanet, the world’s third-largest Bitcoin treasury, has disappointed some investors with the lack of progress surrounding its much-anticipated preferred share offering. The stock is down more than 80% from a year ago.
Twenty One Capital has also undergone ownership changes, with SoftBank Group Inc. selling its entire 26% stake to Tether. The company’s shares are down 84% in the past year. ProCap Financial this week announced the sale of 52 Bitcoin to fund a share repurchase.
Carney Mak, a partner at FXHB Asset Management, said the firm included Strategy in its portfolio around two years ago “as a leveraged expression of our Bitcoin view.”
FXHB booked profit on a majority of their Strategy holdings during the rally, though a small portion is now at a loss, which the fund will sell at an “appropriate opportunity to rotate the remaining capital into higher-conviction ideas,” Mak said.
The latest downturn has only intensified those pressures. Investors have pulled billions of dollars from spot Bitcoin exchange-traded funds, geopolitical tensions have pushed money toward traditional safe havens and many of the DATs that emerged during the boom have fallen far more than Bitcoin itself.
“In hindsight, the more interesting lesson is not whether Bitcoin was the right call, but whether the Bitcoin treasury trade had become too crowded,” FXHB’s Mak said. “By the time a growing number of companies were attempting to replicate the MSTR playbook, much of the scarcity value had arguably already been captured.”
The strains are most visible among smaller companies that copied Strategy’s model without its scale, liquidity or access to capital, pushing them to experiment with ways to keep the model alive. What was marketed as a simple accumulation strategy has evolved into a scramble for capital as stock-price premiums disappear.
Like many financial manias before it, the DAT boom looked most durable near the top. Months after the excitement faded, the unwind continues.
“The market is not fine, and it took the tide going out to see who was swimming naked,” Tokenize Capital’s Hughes said. “Turns out, it was DATs and their equity holders.”
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06-05-26 panasonic
AI babies are growing fast, so fast Anthropic is scared:
https://www.wsj.com/tech/ai/anthropic-urges-global-pause-in-ai-development-flags-self-improvement-risk-99cefb73 |
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06-05-26 pillz
Asian stocks declined along with US equity-index futures as enthusiasm for the artificial intelligence trade cooled after driving markets to record highs this year.
MSCI’s regional equity gauge dropped 2.1%, with South Korea — the world’s best-performing gauge this year and a bellwether for AI investments — tumbling 6.5%. Futures contracts for the Nasdaq 100 Index dropped 1.3%, indicating a third day of losses for the gauge as investors rotate out of technology and chip stocks. |
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