A foot is your foot. An inch is your thumb. Every real housewife knows a cup, pint, quart, teaspoon, tablespoon…and they built the greatest country the world has ever known. Not with Math, but with Measurements.

In a Fiat system, an increasing majority of people will turn to debt(credit) as a means of financing their future. As Fiat wanes, greater numbers of people will come to rely on debt(credit) to stay solvent. On the Eve of Fiat, debt(credit) will increasingly overwhelm the people. In a Sound Money economy, an increasing number of people will turn to harder work as a means of financing the future. As Sound Money grows, greater numbers of people will work for previous workers and investors to stay solvent. On the Eve of Sound Money, Fiat will become an attractive casino for those who wish to prosper without working harder. As it always has.

Look at this 2-year Weekly chart of Volume (bottom) v Price Action. Forget what Asset this is. This is an Asset that is Dislocating. Dislocating assets break. Always. With unanticipated results. But we don’t know WHAT will break. The stresses within have ripple-effects without. And those stresses are intertwined through SO many things when viewing the free-est global-market asset the human race has ever known, however small but scrappy. Yes, Bitcoin is tiny, so far as harbingers go. But Gold is not, and Gold is likely the tsunami that has been sucking out the water from the beach right now, if you view the Volume chart as the place where the earth meets the ocean of money. Bitcoin’s time is to shine is not yet. Likely another one to two years. So DCA accordingly and don’t swing for fences.

You will never sell your Gold for Bitcoin at the top. But you will sell your Gold for Fiat. And later buy Bitcoin with Fiat after the Gold/Bitcoin top. Source: You know you will.

The very recent weakness in Bitcoin is a side-effect of the breakout in precious metals. Remember that in Bitcoin, God-Candles are basically just baseball cap branding. OG’s in Bitcoin have largely already dumped after 10 to 14 years of hodling. But in precious metals circles people have waited their whole lives for a 10x “melt-up”. Which is about where Gold and Silver are at right now. Think 30 years or more. So expect Old Guys with dreams of Cabo to absolutely eclipse what we think has been OG Bitcoiner selling after 10 years of hodling. “Retail” in Gold/Silver has been hodling longer than most Bitcoiners have been alive. And they are going to find that selling is very, very difficult at the prices we’re approaching. The spot markets at trading co’s has got to be interesting now, with buying v selling reaching a disconnect. Watching Gold & Silver run is like watching Susan Lucci finally win an Emmy award. t’s well-deserved, and everyone over 50 is applauding. But it’s little more than an honorarium at this point.

Starting to see a bit of talk about how Bitcoin is no longer a “Retail” asset because the Robinhood Retail crowd has become the Blackrock ETF Retail crowd. So fwiw, I’ll repeat: “UNLESS AND UNTIL….Overnight and Overweekend markets kick fully into gear and break the Western-centric hold on Bitcoin… Until we see THAT, Bitcoin is NASDAQ. Don’t leverage or expect anything more than 10%. Mark these words: Until the Non-Western “Flyover” markets clearly wrest control from Western “Wall St” markets, Bitcoin is going to trade like a trad-fi “FAANG” style investment. So accumulate accordingly.” View quoted note →