The Stagflation Scenario

The increasing probability of Stagflation might cut Bitcoin's post-halving bull run off at the knees; my thoughts on the Ethereum ETF and why I'm getting skeptical of the political "tone shift."

Links

• April pending home sales hit lowest level since start of pandemic


• This morning’s revised data show the gov’t is basically “buying” GDP w/ debt, but getting only 50 cents on the dollar - worst deal ever…


• United States M2 Money Supply is now positive YoY for the first time since November 2022.


• Germany’s industry in decline - a giant is falling \ stacker news ~econ


• SEC approves rule change to allow creation of ether ETFs


• Ethereum ETF to Get 20% of Bitcoin ETF Flows


• As crypto cash floods Washington, Congress eyes gentler regulations - The Washington Post


• President Biden Announces Presidential Delegation to the Republic of El Salvador to Attend the Inauguration of His Excellency Nayib Bukele | The White House


• Biden campaign ramps up crypto industry outreach in surprising tone ‘shift’ | The Block


• faradayfedora’s Shakepay Link

STUDY: The Personality and Motivational Characteristics of Bitcoiners

• 🧡 Bitcoiners tend to be intellectually curious and emotionally stable


• 🌎value personal growth, relationships, community over material possessions


• 📈Scored significantly higher in financial literacy than the general population


• Saifedean Ammous on why Bitcoin is Finical Gunpowder

Music

• Tip Toe by Jack Holliday