#  @dgt10011 Jeff Park Jeff Park posts on X about bitcoin, mstr, crypto, money the most. They currently have [------] followers and [----] posts still getting attention that total [---------] engagements in the last [--] hours. ### Engagements: [---------] [#](/creator/twitter::27568547/interactions)  ### Mentions: [--] [#](/creator/twitter::27568547/posts_active)  ### Followers: [------] [#](/creator/twitter::27568547/followers)  ### CreatorRank: [------] [#](/creator/twitter::27568547/influencer_rank)  ### Social Influence **Social category influence** [cryptocurrencies](/list/cryptocurrencies) #799 [finance](/list/finance) #4949 [stocks](/list/stocks) [technology brands](/list/technology-brands) [countries](/list/countries) [exchanges](/list/exchanges) [currencies](/list/currencies) [celebrities](/list/celebrities) [automotive brands](/list/automotive-brands) [travel destinations](/list/travel-destinations) **Social topic influence** [bitcoin](/topic/bitcoin) #349, [mstr](/topic/mstr), [crypto](/topic/crypto) #237, [money](/topic/money) #3753, [$mstr](/topic/$mstr) #351, [ai](/topic/ai) #3984, [investment](/topic/investment) #3096, [debt](/topic/debt), [finance](/topic/finance), [the most](/topic/the-most) #2241 **Top accounts mentioned or mentioned by** [@g1smil702](/creator/undefined) [@saylor](/creator/undefined) [@bitwiseinvest](/creator/undefined) [@elonmusk](/creator/undefined) [@apompliano](/creator/undefined) [@teddyfuse](/creator/undefined) [@joshmandell6](/creator/undefined) [@polymarket](/creator/undefined) [@hhorsley](/creator/undefined) [@matthougan](/creator/undefined) [@punterjeff](/creator/undefined) [@ericbalchunas](/creator/undefined) [@tetherto](/creator/undefined) [@dotkrueger](/creator/undefined) [@grok](/creator/undefined) [@benwerkman](/creator/undefined) [@peterschiff](/creator/undefined) [@laurashin](/creator/undefined) [@bboesen](/creator/undefined) [@joemccann](/creator/undefined) **Top assets mentioned** [Bitcoin (BTC)](/topic/bitcoin) [Strategy (MSTR)](/topic/$mstr) [Coinbase Global Inc. (COIN)](/topic/coinbase) [Ethereum (ETH)](/topic/ethereum) [Alpha Technology Group Limited (ATGL)](/topic/alpha) [Iris Energy Limited (IREN)](/topic/$iren) [CLEANSPARK INC (CLSK)](/topic/$clsk) [Solana (SOL)](/topic/solana) [Strike (STRK)](/topic/$strk) [Reserve (RSV)](/topic/reserve) [BlackRock Inc (BLK)](/topic/blackrock) [Mario Coin (COIN)](/topic/$coin) [GameStop, Corp. (GME)](/topic/$gme) [NVIDIA Corp. (NVDA)](/topic/$nvda) [Uber Technologies, Inc. (UBER)](/topic/$uber) ### Top Social Posts Top posts by engagements in the last [--] hours "What is #crypto When I was [--] my dad tried to explain to me what a common stock was: he said youre a part owner and entitled to profits. I asked But if Im an owner why doesnt the CEO know who I am And why dont I get the profits Shrug" [X Link](https://x.com/dgt10011/status/1556095366281543681) 2022-08-07T01:50Z 13.3K followers, [--] engagements "Now in my adult age I am still actively trying to unlearn all of these things that even kids intuitively know was wrong. THAT is #crypto and the ensuing revolution. Lean into the youth movement: Its DAOs decentralized credit fractional reserve algorithmic banking.✊" [X Link](https://x.com/dgt10011/status/1556095369754415104) 2022-08-07T01:50Z 13.3K followers, [--] engagements "Another crypto feature: disintermediation. PayPal builds direct relationships between customers and merchants globally. Visa and Mastercard are intermediated by issuers and merchant acquirers. PayPal is neither in its best case and empowers P2P transactions that benefit all" [X Link](https://x.com/dgt10011/status/1672294787439837189) 2023-06-23T17:25Z [---] followers, [--] engagements "Not only is CME recording record OI in Bitcoin futures with total market OI at $15.7Bn BTC Options OI has SURPASSED futures at $16Bn+ as of 11/1() Lots of year-end upside positioning. Incredible set up when combined with dealer gamma positioning and +spot/vol dynamics to date" [X Link](https://x.com/dgt10011/status/1720104978394607798) 2023-11-02T15:45Z [---] followers, [---] engagements "Would you rather own [---] shares of $39000 or [----] shares $39 Another unintended but very real side effect of ETFs. The timeless tried and true magic of stock splits but this time for crypto - [----] for [--]. Perceptual revaluation is a powerful thing" [X Link](https://x.com/dgt10011/status/1731108589832417396) 2023-12-03T00:30Z [---] followers, [---] engagements "BTC and SOL are both short humanity while ETH is long humanity. It is widely understood how to make money off of gold guns and gambling - less obvious in public utilities. Its why I have huge admiration for the ETH community but that doesnt make it a financial investment" [X Link](https://x.com/dgt10011/status/1737884747928375510) 2023-12-21T17:16Z [----] followers, [---] engagements "TradFi has also contributed to arbitrage opportunities within the RV spectrum. Take a look at the record OI in both futures and options trading. BITI BITI BITC are just asset wrappers. MSTR too. Funding is nonfungible though I proxied BTC but ETH's trend line is stronger" [X Link](https://x.com/dgt10011/status/1742228141060337789) 2024-01-02T16:55Z [---] followers, [--] engagements "One more take a look at the annualized funding basis between futures and spot. What is notable here though is that the trend is present in both crypto-native exchanges AND traditional exchanges. Is it BTC ETF positioning Whatever it might be it's yield for the capable" [X Link](https://x.com/dgt10011/status/1742228143056859266) 2024-01-02T16:55Z [---] followers, [--] engagements "Well that happened quickly. On technicals everything about trend momentum + oscillators in addition to dealer gamma positioning points that we might be transitioning from 'sticky price' to 'sticky delta' regime soon. $50k+ incoming faster than you think. On technicals everything about trend momentum + oscillators in addition to dealer gamma positioning points that we might be transitioning from 'sticky price' to 'sticky delta' regime soon. $50k+ incoming faster than you think" [X Link](https://x.com/dgt10011/status/1757093762776367514) 2024-02-12T17:26Z [---] followers, [----] engagements "FHLB = Find Huge Lumps of Bucks 💯😆 @tracyalloway" [X Link](https://x.com/dgt10011/status/1758153272966205489) 2024-02-15T15:36Z 47.7K followers, [---] engagements "Re AI bandwagon: $NVDA for boomers $META for millennials and 🌎🪙 for next-gen alpha" [X Link](https://x.com/dgt10011/status/1759224802907201703) 2024-02-18T14:34Z [---] followers, [---] engagements "@teddyfuse @urbanscribesays Sensing strong Mariana energy on this Mallory character" [X Link](https://x.com/dgt10011/status/1760297538920353940) 2024-02-21T13:36Z [---] followers, [---] engagements "Moved into the Hypercastle today. Terraforms by @mathcastles is one of the most incredible things I've ever seen. Credit to big brain @_DinoART" [X Link](https://x.com/dgt10011/status/1761424755557634465) 2024-02-24T16:16Z 30.4K followers, [----] engagements "@BrianBettor @mathcastles @_DinoART Agreed We currently have a private NFT Index Fund today though the collection leans PFP heavy maybe time for a Generative Art Grails Fund 👀" [X Link](https://x.com/dgt10011/status/1761463867593363509) 2024-02-24T18:51Z [----] followers, [---] engagements "In hindsight it really was such a beautiful day. Liquidation heatmap from yesterday morning to today: gm generals its a particularly beautiful day to climb https://t.co/7AKRdp32sT gm generals its a particularly beautiful day to climb https://t.co/7AKRdp32sT" [X Link](https://x.com/dgt10011/status/1762138157183631826) 2024-02-26T15:30Z [----] followers, [----] engagements "If you're wondering whether to buy #BTC here you probably missed the Trend/Momentum signal around Feb 1st at $43k If likely means you also missed the Funding Arb today at 60% APY w/ [--] beta which is arguably better risk-reward Dynamic capital rotation ➡ "All-Weather" $$$" [X Link](https://x.com/dgt10011/status/1762514925182705878) 2024-02-27T16:27Z [----] followers, [---] engagements "If you're wondering whether to buy #BTC here you probably missed the Trend/Momentum signal around Feb 1st at $43k It likely means you also missed the Funding Arb today at 60% APY w/ [--] beta which is arguably better risk-reward Dynamic capital rotation ➡ "All-Weather" $$$" [X Link](https://x.com/dgt10011/status/1762518887168450973) 2024-02-27T16:43Z [----] followers, [----] engagements "@joemccann spot on as usual. The meta insight here was that post ETF you knew there were literally thousands of Buy Limits sitting on every mother's IRA and FOMO institution wishing for a DIP (nice try) where the downside skew was going to be mispriced. The upside was . obvious And to think all you had to do was sell $40k puts to buy $60k/$70k end of March call spreads for a 20:1 trade. Costless. And to think all you had to do was sell $40k puts to buy $60k/$70k end of March call spreads for a 20:1 trade. Costless" [X Link](https://x.com/dgt10011/status/1763031538659205287) 2024-02-29T02:40Z [----] followers, [----] engagements "💥MONTHLY NARRATIVES ROUNDUP Biggest winners in Feb [----] were: Identity AI and Memes (displacing Bitcoin Narrative and LSD) Honorary mentions for UNI (fee switch) ETH (ETF+Denver) and DOGE (🐶) for Top [--] Market Cap MTD performance winners Lets get into it🧵" [X Link](https://x.com/dgt10011/status/1763372317646754052) 2024-03-01T01:14Z [----] followers, [----] engagements "First February was most notable because the Top [--] narratives collectively outperformed Bitcoin and Top [--] MC. That has been a rare phenomenon in recent memories. [----] in particular was dominated by BTC. This signals the possibility we are amidst experiencing a regime change" [X Link](https://x.com/dgt10011/status/1763372319295087022) 2024-03-01T01:14Z 80.2K followers, [---] engagements "Identity Winner: Drum roll. was $WLD Up 231%. If you've been following my posts this shouldn't be a surprise. Worldcoin is interesting to me because it likely has the highest $ per holder/count of distribution globally though DYOR. Unlock cliff coming July 2024" [X Link](https://x.com/dgt10011/status/1763372320863752422) 2024-03-01T01:14Z 80.2K followers, [----] engagements "AI Winner: $AGIX Up 173%. What can I say Cardano has to get fed once in a while too. or is it the other way around is AGIX eating Cardano since it's now 50%+ of Cardano's total market cap 😆 Follow ups: $FET +144% and $OCEAN +101%" [X Link](https://x.com/dgt10011/status/1763372329474678953) 2024-03-01T01:14Z 53.8K followers, [----] engagements "And saving best for last our Meme Winners: $PEPE Up 231% $BONK up 128% (Overtook FLOKI today) $FLOKI Up 112% .But those who are closely following memeland might already recognize this list isn't totally correct . 🐶🎩" [X Link](https://x.com/dgt10011/status/1763372337552884080) 2024-03-01T01:15Z 53.8K followers, [----] engagements "Taking a step back we're heading into March EN FUEGO. So hot that Velo added a NEW COLOR🔥 for 100% APR. Expect more dispersion volatility volume to come" [X Link](https://x.com/dgt10011/status/1763372339234832728) 2024-03-01T01:15Z [----] followers, [---] engagements "It's a question of $wen not $wif" [X Link](https://x.com/dgt10011/status/1764283554194661634) 2024-03-03T13:35Z [----] followers, [---] engagements "Hypothetical scenario: BTC breaks 70k today gaps to 71k. Investors helplessly watch impatiently waiting for Monday morning market open. They buy at 9:30AM filled at 73k. A-ha moment as they realize the significance of 24/7 liquidity without arbitrary institutions" [X Link](https://x.com/dgt10011/status/1766868293980213300) 2024-03-10T16:46Z [----] followers, [----] engagements "Meanwhile in DeFi land @MakerDAO also experiencing their own constraints from linkage to the arbitrary world of T Bills trading" [X Link](https://x.com/dgt10011/status/1766957390249791744) 2024-03-10T22:40Z [----] followers, [---] engagements "As TH/s continues to rise personally love $IREN. No debt. Never sold shares. Automated power sales. AI Narrative. Limited counterparties. $-pinching efficiencies. @danroberts0101 is a star $CLSK is great But think many have sizing backwards. Own More of Less-beta for Longer" [X Link](https://x.com/dgt10011/status/1767592664457716069) 2024-03-12T16:45Z 76.1K followers, 32.5K engagements "My smart HF friends waiting for $BTC to "pull back" to buy because everything is already "priced in" reminds me of the same folks who didn't want to buy $AMZN after AWS revenue was broken out for the first time in [----] bc it was now "already priced in" NEWSFLASH: It's not" [X Link](https://x.com/dgt10011/status/1767928122920366454) 2024-03-13T14:58Z [----] followers, [----] engagements "@CoinbaseInsto This is misleading The primer doesn't discuss LT holders at all in the context of halving and the graph just looks like a net negative - while simply missing most of this is because GBTC outflows and ancient investors potentially moving into ETFs for new financial utilities" [X Link](https://x.com/dgt10011/status/1770892759781507537) 2024-03-21T19:18Z [----] followers, [---] engagements "I watched the pilot for Netflix's #ThreeBodyProblem and here are my initial thoughts (no spoiler and hopefully additive to those who may not have read the books): 👇" [X Link](https://x.com/dgt10011/status/1771157750883496407) 2024-03-22T12:51Z [----] followers, 10.4K engagements "Conviction higher on $IREN after recent $CLSK events. Never underestimate integrity in all things in life but especially in this business. As TH/s continues to rise personally love $IREN. No debt. Never sold shares. Automated power sales. AI Narrative. Limited counterparties. $-pinching efficiencies. @danroberts0101 is a star $CLSK is great But think many have sizing backwards. Own More of Less-beta for Longer. As TH/s continues to rise personally love $IREN. No debt. Never sold shares. Automated power sales. AI Narrative. Limited counterparties. $-pinching efficiencies. @danroberts0101 is a" [X Link](https://x.com/dgt10011/status/1773713283758915766) 2024-03-29T14:06Z [----] followers, [----] engagements "Which $BTC ETF you choose says a lot about your "fashion": Blackrock: Gap ARK: Banana Republic Grayscale: Brooks Brothers Galaxy: H&M VanEck: Vineyard Vines Franklin Templeton: Old Navy Bitwise: Ralph Lauren Choose the iconic brand that is beloved by the fashion insiders👇" [X Link](https://x.com/dgt10011/status/1773814347749327341) 2024-03-29T20:47Z [----] followers, [----] engagements "Non fungible legends🗽 @GrailersDAO @Station3NYC" [X Link](https://x.com/dgt10011/status/1775343625095794868) 2024-04-03T02:04Z [----] followers, [----] engagements "March as noted by BTC's wild swing in price (+ATH) was a dynamic month by all measures - though perhaps most notably by volume. Spot bitcoin ETF monthly trading volume almost tripled in March hitting above $110Bn as the CME in concert notched a record monthly high of $200Bn" [X Link](https://x.com/dgt10011/status/1775591342808154196) 2024-04-03T18:28Z 11.9K followers, [----] engagements "Crypto monthly spot volume doubled from last month reaching $2.5Tn and bitcoin futures volume on crypto exchanges also reached $2.5Tn. Amidst the frenzy BTC funding rate peaked @ 100%+ in the first week retraced to as low @ 10% mid-month climbed back up to 75% by the end" [X Link](https://x.com/dgt10011/status/1775591344846561697) 2024-04-03T18:29Z [----] followers, [---] engagements "Perhaps as a result of such instability BTC realized volatility was significantly higher than the implied volatility levels which stubbornly lagged at times above a staggering 10pt spread. Both types of dislocations create short-term trading opportunities March chose rich 🔥" [X Link](https://x.com/dgt10011/status/1775591347379925469) 2024-04-03T18:29Z [----] followers, [---] engagements "Many institutional investors are conditioned very early to believe in a concept called the "illiquidity premium". This premium is the supposed incremental return that compensates an investor for owning an asset that is not highly liquid. This idea of buying illiquidity as a long-term investment has been perhaps most popularized by the late David Swensen CIO of Yale Endowment. Throughout his tenure the office allocated between 70% to alternative investments with the illiquidity budget up to 50% of their total allocation (locking up capital up to seven to [--] years). This is why the commonly" [X Link](https://x.com/dgt10011/status/1775924671076061597) 2024-04-04T16:33Z 75.4K followers, 135.9K engagements "Nah Ill stick with the more transparent and equitable game of financial chicanery $BODEN" [X Link](https://x.com/dgt10011/status/1776346397232558200) 2024-04-05T20:29Z [----] followers, [---] engagements "A 1200-word exposition of various experts wondering why gold is scorchingly up right now Mentions bizarre phenomenon of gold ETFs experiencing outflows while direct individual and private purchases driving flows @NateGeraci Yet not one mention of #BITCOIN Still early. Why is gold suddenly rising right now https://t.co/BOHwinGJL7 Why is gold suddenly rising right now https://t.co/BOHwinGJL7" [X Link](https://x.com/dgt10011/status/1776995548958011869) 2024-04-07T15:28Z [----] followers, [----] engagements "A great analysis exemplary of the kind of data you wish you had on $TSLA or $NVDA or $DJT for investing decisions- But you dont because clearing is not on the blockchain and DTCC is was a product of the 1960s Wall Street paperwork crisis At least we got T+1 after [--] years To show how much more room #Bitcoin has to run. Roughly 54% of the supply is held from STHs; each cycle peak has coincided with roughly 80%+ of the supply being held by STHs (driven by fear and greed). The principal cohort continues to shift after each cycle top shifting from https://t.co/PlOZuFaith To show how much more" [X Link](https://x.com/dgt10011/status/1778033863303819430) 2024-04-10T12:14Z [----] followers, [----] engagements "@Soigne28 @HHorsley Oh man dont even get me started on Delayed Compensation calcs" [X Link](https://x.com/dgt10011/status/1778388891747127448) 2024-04-11T11:45Z [----] followers, [--] engagements "As the AS curve shifts out from SRAS0 and the equilibrium shifts from E0 to E1 to E2 workers can produce more GDP. Thus full employment corresponds to a higher level of potential GDP which is shown as a rightward shift from LRAS0 to LRAS1/2 reducing "long-run" price levels" [X Link](https://x.com/dgt10011/status/1778778398313116094) 2024-04-12T13:33Z [----] followers, [--] engagements "This is great Deflation in other words. But hold on isn't that a bad thing Aren't we told that as a generally accepted principle deflation is bad for the economy Now this is where it gets fun. Observe the booming American economic experience during the 19th century" [X Link](https://x.com/dgt10011/status/1778778400414433528) 2024-04-12T13:33Z [----] followers, [--] engagements "How is it possible that in the current generation of greatest productivity growth via - internet cloud computing mobile AI/ML big data robotics biotech - we are experiencing . so much inflation The answer is simple: the modern government needs inflation. And the Fed" [X Link](https://x.com/dgt10011/status/1778778402335420824) 2024-04-12T13:33Z [----] followers, [--] engagements "Inflation provides governments tools for monetary policy - but it ultimately boils down to debt management and credit creation. The ability to "pull forward tomorrow's consumption" does not work in a deflationary environment. Technology be damned. Young people can intuit this" [X Link](https://x.com/dgt10011/status/1778778404440932378) 2024-04-12T13:33Z [----] followers, [--] engagements "As Hong Kong regulators approve its Bitcoin (and ether) ETF this is a good time to refresh why the Bitcoin ETFs matter so much. ETFs birth new financial utilities for Bitcoin for the first time since its inception - and this has great implications for liquid strategies. 👇🧵" [X Link](https://x.com/dgt10011/status/1779925511029801008) 2024-04-15T17:31Z [----] followers, [---] engagements "Digital bearer assets like #BTC despite their providing financial autonomy are deeply unproductive as financial assets. They can't tap into the capital efficiency lending or derivatives market available to the regulated capital markets. Their virtue is their biggest flaw" [X Link](https://x.com/dgt10011/status/1779925512439103944) 2024-04-15T17:31Z [----] followers, [--] engagements "For example BTC futures provide leverage in addition to a centrally cleared regulated options market but do not allow participation in the yield opportunities via securities lending. (In fact its the oppositethey lose money on roll costs)" [X Link](https://x.com/dgt10011/status/1779925515937239508) 2024-04-15T17:31Z [----] followers, [--] engagements "Or take crypto equities like Coinbase or MicroStrategy which as regulated securities do permit margin and securities lending but miss out on capital efficiency because of their tracking error as an imperfect proxy to the desired risk exposure" [X Link](https://x.com/dgt10011/status/1779925517145121147) 2024-04-15T17:31Z [----] followers, [--] engagements "This opportunity for alpha is even greater once you step outside of the TradFi sandbox as each of the ETF advantages in the diagram above has a decentralized counterpart too (remember that this peculiar arbitrage in crypto exists because TradFi sandbox is itself man-made)" [X Link](https://x.com/dgt10011/status/1779925521314275744) 2024-04-15T17:31Z [----] followers, [---] engagements "For instance capital efficiency from JPM will have to track the capital efficiency of Circle; dYdX options implied volatility surface needs to match the ETFs options surface; lending rates from Aave will have to compete with traditional prime brokers cost of financing" [X Link](https://x.com/dgt10011/status/1779925522547458494) 2024-04-15T17:31Z [----] followers, [---] engagements "@teddyfuse @MikeIppolito_ @ntrlsk This was a good one @ntrlsk another reason Ive long suspected options OI futures is because black scholes doesnt lend well to crypto. Highly leptokurtic + importance of local vol models + vol of vol and SMR instability all make me think even professionals struggle w risk" [X Link](https://x.com/dgt10011/status/1780968930904822036) 2024-04-18T14:37Z [----] followers, [--] engagements "Every day Bitwise tracks #BTC Demand from US ETFs vs. New Supply. Today we honor the halving by bringing attention to the below. At Block [------] Bitcoins rate of supply growth permanently decreases - while US interest costs continue to exponentially increase. GM to T-0" [X Link](https://x.com/dgt10011/status/1781327306507616514) 2024-04-19T14:21Z [----] followers, [----] engagements "Had a blast with rockstars @jvs_btc and @akibablade Our banter reminded me of this chart I published last year - which is that relative return is always changing. The alpha is simple: Everyone buys bitcoin at the price that they deserve. 🎙New SlateCast: Inside Bitcoin ETFs alpha strategies "Is Bitcoin riskier to buy at $10k or at $70k . It's safer to buy at $70k" 🎤: Guest - @BitwiseInvest Head of Alpha Strategy @dgt10011 🗣: Hosts: @jvs_btc & @akibablade https://t.co/L3JK1gGU1O 🎙New SlateCast: Inside Bitcoin ETFs alpha strategies "Is Bitcoin riskier to buy at $10k or at $70k . It's safer" [X Link](https://x.com/dgt10011/status/1781369636618944996) 2024-04-19T17:09Z [----] followers, [----] engagements "Favorite Book of Q1 24: Trust by Hernan Diaz I was skeptical at first because I generally dont enjoy finance fiction; unreliable narrators; books-within-book format. But this thriller is spectacularly engaging with immense repeat value Will leave some memorable quotes👇" [X Link](https://x.com/dgt10011/status/1783182675328512173) 2024-04-24T17:14Z [----] followers, [----] engagements "Federal Open Market Committee. Joke We either have Open Market or we have a Federal Committee. But we cannot have the former fenced in by the latter Great zinger. Fan service for Bitcoiners and @saylor" [X Link](https://x.com/dgt10011/status/1783182741309161811) 2024-04-24T17:14Z [----] followers, [---] engagements "God is the most uninteresting answer to the most interesting questions" [X Link](https://x.com/dgt10011/status/1783182748313612416) 2024-04-24T17:14Z [----] followers, [---] engagements "And my absolute favorite: Short selling is folding back time. The past making itself present in the future. 👌 for @WallStCynic" [X Link](https://x.com/dgt10011/status/1783182749894893915) 2024-04-24T17:14Z [----] followers, [---] engagements "@_michellenoyes No friggin way. Are you still in touch/ able to connect us Id love to host a Bitwise space with you and him - chat crypto financial chicaneries great women etc and bring some fresh perspective from a novelists eye" [X Link](https://x.com/dgt10011/status/1783261889981542456) 2024-04-24T22:29Z [----] followers, [--] engagements "@biancoresearch @jchervinsky Jim. You know better than to introduce cross sectional contaminations to lay these claims. Can you dig up some data on GLD and TLT ownerships on Year [--] Youre a resourceful guy" [X Link](https://x.com/dgt10011/status/1784722753477562406) 2024-04-28T23:13Z [----] followers, [----] engagements "💥MONTHLY NARRATIVES ROUNDUP Token selection alpha had no place to hide in April. Outside of BTC meme PIZA nothing else worked. GameFi DEX Identity were some of the biggest losers. YGG MPL: -55% APT SUSHI PYTH GFI: -50% TIA WLD FXS: -45% But some things did work: DeFi🏦" [X Link](https://x.com/dgt10011/status/1785409584179347948) 2024-04-30T20:43Z [----] followers, [---] engagements "On the back of projects like @eigenlayer DeFi engagement yield was the orthogonal alpha vector in liquid crypto. Re-staking rewards were heightened across various projects throughout the ecosystem for investors providing shared security and utilizing actively validated services" [X Link](https://x.com/dgt10011/status/1785409586150654398) 2024-04-30T20:43Z [----] followers, [--] engagements "@WhalesMarket assist in price discovery and potential hedging opportunities around this nascent primitive bringing another dimension of active management to what is otherwise a "passive active" strategy" [X Link](https://x.com/dgt10011/status/1785409587941679114) 2024-04-30T20:43Z [----] followers, [---] engagements "And while DSR is not as high as it used to be it is still 2x USD risk-free rate with Ethena + Pendle offering some exotic yield on top for those who are capable of venturing out further to the frontier. Crypto remains a multi-faceted arena for dynamic investors" [X Link](https://x.com/dgt10011/status/1785409589669691567) 2024-04-30T20:43Z [----] followers, [---] engagements "Congratulations to my extraordinary colleague @teddyfuse who celebrates his [--] year anniversary at Bitwise. As the Head of Alpha Strategies at @BitwiseInvest it is not only my privilege but responsibility to drop some serious alpha leaks here so follow closely and ape right in👇" [X Link](https://x.com/dgt10011/status/1785471971356016891) 2024-05-01T00:51Z [----] followers, [----] engagements "1 It might impress upon you that because Teddy is working at ALL hours of the day that you can shoot your shot anytime. But all service providers of Bitwise take note: Teddys best mood is actually between 8-11am on workdays and 5-8am on weekends. Might have to do with below:" [X Link](https://x.com/dgt10011/status/1785471979744551225) 2024-05-01T00:51Z [----] followers, [---] engagements "2 My love language is gifts said Teddy never - but if you must pepper the ultimate stoic with material temptations best luck in the foods (manly meats only) categories. No liquor or generally wasteful carbs/sugar. The only sugary exception are acceptable Taylor Swift tix" [X Link](https://x.com/dgt10011/status/1785471987332043231) 2024-05-01T00:51Z [----] followers, [---] engagements "The alpha model in PROD relies on the open-source signal in which a lack of tweets from Teddy or on a machine-learned (or Jo Jude learned) decline signals he is on vacation - and upside volatility is NOT being priced in by the market. The perfect time to buy knock in calls" [X Link](https://x.com/dgt10011/status/1785471999881421295) 2024-05-01T00:51Z [----] followers, [---] engagements "In conclusion we need to send this man on more vacations. If anyone can turn April around there is no more capable individual than this chad of a renaissance man. The hero crypto twitter desperately needs today tomorrow and for rest of his many years at Bitwise We salute you" [X Link](https://x.com/dgt10011/status/1785472007900926048) 2024-05-01T00:51Z [----] followers, [---] engagements "$SBUX feeling the wrath of the croffle cash substitution effect as Powell hurriedly reduces monthly redemption cap on Treasury securities to $25Bn from original $30Bn target Market violently whiplashing because America wants cheaper croffles but also lower mortgage rates. The American dream is in turmoil. For four years Ive been buying $6 croffles for the kids at our local coffee shop. They raised the price to $8 this weekend. I finally decided to take the matter into my own hands and do my part to help bring rates lower. AMA. https://t.co/T8tbB3SfVr For four years Ive been buying $6 croffles" [X Link](https://x.com/dgt10011/status/1786016161525580082) 2024-05-02T12:53Z [----] followers, [---] engagements "The most painful part about April wasn't that Bitcoin was down 17%. It was that implied volatility also decreased by [--] points. The dreaded inverse skew when negative vanna fails. Every trader's nightmare" [X Link](https://x.com/dgt10011/status/1786141299919225099) 2024-05-02T21:10Z [----] followers, [----] engagements "Ignore the incoherence the rambling the elderly vibes for just a second. What's actually important here is that the Chair of the Council of Economic Advisers literally just FAILED Economics [---]. Bernstein at 00:53: "The government definitely lends that money by selling bonds" This is absolutely priceless. And probably the most frightening clip you'll ever watch on the people in charge of the US economy. Jared Bernstein is literally the Chair of the Council of Economic Advisers the main agency advising Biden on economic policy https://t.co/1b31FPFPCQ This is absolutely priceless. And probably" [X Link](https://x.com/dgt10011/status/1786511909950226732) 2024-05-03T21:43Z [----] followers, [----] engagements "@ramahluwalia @teddyfuse 🙌 Lets imbibe together at soho house" [X Link](https://x.com/dgt10011/status/1786541944476221627) 2024-05-03T23:42Z [----] followers, [--] engagements "Agreed and Bitwise planted its seeds nearly [--] years ago https://bitwiseinvestments.com/crypto-market-insights/a-new-frontier-for-digital-asset-investing Hearing this everywhere Lot of VCs should return the money or set up a liquid strategy or find some smart liquid funds to deploy into and run a FoF https://bitwiseinvestments.com/crypto-market-insights/a-new-frontier-for-digital-asset-investing Hearing this everywhere Lot of VCs should return the money or set up a liquid strategy or find some smart liquid funds to deploy into and run a FoF" [X Link](https://x.com/dgt10011/status/1786766294223556629) 2024-05-04T14:34Z [----] followers, [----] engagements "Another mystery - when does the rebalancing actually happen The prospectus discloses no details around the supposed "scheduled rebalance dates" but I happen to remember seeing the fact sheet on release date - which noted that it is "adjusted weekly each Wednesday (prior calculation day if Wednesday is a market holiday). See below. That's odd. Why. Wednesday I went to double check on the Global X website today and it looks like they actually removed this section entirely recently. Can't find it anywhere. Anyway the point of trend signals is to enact change as quickly as possible - you" [X Link](https://x.com/dgt10011/status/1786944493960269878) 2024-05-05T02:22Z 76.3K followers, [---] engagements "Here's another quirk upon further reading - $BTRN rebalance is subject to a 50% turnover limit per weekly rebalance period. This is surely bizarre too. One is allowed to acknowledge a trend signal may move slower or faster based on their own proprietary research but you certainly wouldn't want to overrule your own model by introducing an arbitrary restraint like that to counter the empirical outputs of your research in most cases" [X Link](https://x.com/dgt10011/status/1786944496057401571) 2024-05-05T02:22Z 78.9K followers, [---] engagements "So this brings to my issue #3. The ETF is STILL long 54% in BTC today. This is while the BTC trend signal went to "downtrend" four days ago. Had the model adjusted faster it could have de-risked before the 4/29 sell off But it would appear that the only time the ETF will go to cash is when there is a "Significant Downtrend" - and that means it will always be too late. Every amateur day trader knows this. Even meme coin traders know this (with much respect)" [X Link](https://x.com/dgt10011/status/1786944501308694941) 2024-05-05T02:22Z [----] followers, [---] engagements "TLDR: Actively managed ETFs are a huge business and rightfully so. Everyone wants outperformance and that means by definition everyone's "actively managed" is subjective and different. I'm not here to say one's approach is right or wrong (though I believe skillful quant managers are different from skillful portfolio administrators) and everyone needs to do their own homework. The beautiful thing about ETFs vs hedge funds is that these disclosures allow every common man to do DYOR and pick their best horses. A true meritocracy built around democracy. I'm super passionate about trend signals in" [X Link](https://x.com/dgt10011/status/1786944509634310191) 2024-05-05T02:22Z [----] followers, [---] engagements "Within the Bitwise Multistrategy Taxonomy we call this alpha vector: Non-directional Quant Susquehanna International Group has [--] different #Bitcoin issuers. They hold a range of short vol leverage and miners ETFs. So they know exactly what they are doing. Assume they are buying $GBTC knowing it will convert into the mini-ETF which is a much cheaper fee. https://t.co/OPnrDluOMa Susquehanna International Group has [--] different #Bitcoin issuers. They hold a range of short vol leverage and miners ETFs. So they know exactly what they are doing. Assume they are buying $GBTC knowing it will convert" [X Link](https://x.com/dgt10011/status/1787996541136908398) 2024-05-08T00:02Z [----] followers, [----] engagements "My favorite question that investors ask: After 10+ years of existence why on Earth is crypto still so volatile so inefficient and so freaking complex Because it is the most liquid commodity on Earth" [X Link](https://x.com/dgt10011/status/1788628702391079086) 2024-05-09T17:54Z [----] followers, [----] engagements "This might be the first time in $GLXY history where Asset Management revenue was greater than Global Markets and Others (excluding balance sheet P&L). Bullish crypto asset management" [X Link](https://x.com/dgt10011/status/1790471708769399130) 2024-05-14T19:58Z [----] followers, [----] engagements "@teddyfuse @tripalthreat Indeed. Not an accident IBIT missing from that list" [X Link](https://x.com/dgt10011/status/1790500287590846865) 2024-05-14T21:51Z [----] followers, [---] engagements "Next the Logos - the logical reason. Unlike the spot token the ETF is a marginable security This means you can run a more capital efficient strategy. You can also lend them out safely and earn income w/o CIP risks. No brainer to own ETF vs spot for professional investors" [X Link](https://x.com/dgt10011/status/1791560486502154697) 2024-05-17T20:04Z [----] followers, [---] engagements "Finally Ethos the credibility of authority. The Harris Poll revealed that most US voters distrust elected officials understanding of innovative tech. "End the Fed" bill was introduced. Several bank runs. The politicization of SAB [---]. BTC ETF is easy vote for radical change" [X Link](https://x.com/dgt10011/status/1791560488209297434) 2024-05-17T20:04Z [----] followers, [---] engagements "We know what this means gang 🟩 69k incoming" [X Link](https://x.com/dgt10011/status/1792634419032818080) 2024-05-20T19:12Z [----] followers, [---] engagements "An enduring lesson from my exotics options days is that whenever someone makes you a true 10:1 digital market and the event attention is significantly outsized and also enduring you should buy the tail at a small size Sandy reinsurance Brexit Trump FTX claims Add ETH ETF" [X Link](https://x.com/dgt10011/status/1792662458693279936) 2024-05-20T21:03Z [----] followers, [---] engagements "The Memorandum of Decision for the #Genesis settlement came out three days ago and this recent court approval for creditor payout is historic and precedence setting - and worth taking a deeper look. First the case confirms a novel theory that you don't need to dollarize claims as of the petition date. That's highly unusual - bankruptcy rules generally require valuing creditor claims at the time Ch11 is filed. But Genesis argued to pay creditors the worth of assets as of distribution date of funds. #DCG relied on Bankruptcy Code section 502(b) which states that claim amount is dollarized as of" [X Link](https://x.com/dgt10011/status/1792987405810565287) 2024-05-21T18:34Z 10.6K followers, [---] engagements "When crypto vol resets abruptly the whole curve moves. It's incredible for spread trades- For example the ETH-PBUT-26JUL24-2900_3200_3500 costs 1% for a 9X payout essentially hedging a reversion to ETH px [--] days ago for the next [--] months. Positive theta hedge = asymmetric" [X Link](https://x.com/dgt10011/status/1793294643796275693) 2024-05-22T14:55Z [----] followers, [---] engagements "Yeah Ethereum ETF is cool but did you imagine same week - 🗽BIG News for our New York users - Bonk (BONK) is now available to NY residents on https://t.co/CD3RBjtMAO & in the Coinbase iOS & Android apps https://t.co/ksd89ftFP9 🗽BIG News for our New York users - Bonk (BONK) is now available to NY residents on https://t.co/CD3RBjtMAO & in the Coinbase iOS & Android apps https://t.co/ksd89ftFP9" [X Link](https://x.com/dgt10011/status/1794139863261839460) 2024-05-24T22:54Z [----] followers, [---] engagements "In [----] Girard Trust Company acquired The Corn Exchange Bank's Philadelphia branches and renamed itself Girard Trust Corn Exchange Bank. Its always been about the 🌽 in the US of A" [X Link](https://x.com/dgt10011/status/1794787111473938699) 2024-05-26T17:46Z [----] followers, [---] engagements "Though it seems we need to also update how the Childrens Museum teaches the concept of investing risk at the play bank. Lots of feelings about this one time for a crypto section @pleasetouch #BITCOIN" [X Link](https://x.com/dgt10011/status/1794826331517260227) 2024-05-26T20:21Z [----] followers, [---] engagements "You know youre flying to Consensus when the person in front of you is talking about the futures basis trade 50% margin requirements post ETF world and the girl behind you looks EDM ready in a Paxos T-shirt" [X Link](https://x.com/dgt10011/status/1795475277318909999) 2024-05-28T15:20Z [----] followers, [----] engagements "Learned this fact from an astute Bitwise client and @singularity7x: The first SEC chairperson appointed by FDR in [----] was Joe Kennedy who built his fortune with market manipulation and insider trading before it was illegal Makes you wonder in alternate world SBF could have too" [X Link](https://x.com/dgt10011/status/1795665691523338513) 2024-05-29T03:57Z [----] followers, [---] engagements "Imagine you gave $ to your child and said remember to deliver me the Apple I bought in [--] days Now imagine you said remember to deliver the Apple tomorrow Why would you ever think the latter have a higher fail rate Now imagine deliver the Apple now Meanwhile the SEC:" [X Link](https://x.com/dgt10011/status/1796240114143969770) 2024-05-30T17:59Z [----] followers, [---] engagements "💥MONTHLY NARRATIVES ROUNDUP With SOL ETH BTC there was a healthier dispersion of returns in May with the Top 3-5 narrative cohorts outperforming BTC. Memes categorically led the way followed by Oracles (except $PYTH) LSD L2 ($PENDLE) Identity ($ENS) and DEFI ($UNI)" [X Link](https://x.com/dgt10011/status/1796634902164619724) 2024-05-31T20:08Z [----] followers, [----] engagements "@DavidMcDou Peonies Im told they can take as long as 3-5 years to root. I was frankly shocked to see it survived" [X Link](https://x.com/dgt10011/status/1796964774724383146) 2024-06-01T17:59Z [----] followers, [--] engagements "Key Considerations for Running a Successful Trend Strategy in Bitcoin To run a successful trend strategy there are two main components: 1) signal generation (using trend filters) and 2) sizing. In practice CTAs (Commodity Trading Advisors) can enhance returns by using leverage (thus making futures more optimal than spot markets). The main feature of CTAs is not necessarily achieving the highest absolute return but rather moderately high and uncorrelated returns. So how do you do it successfully with #Bitcoin Some high level thoughts below👇" [X Link](https://x.com/dgt10011/status/1798057054084768014) 2024-06-04T18:19Z 78.9K followers, [----] engagements "Price Signals: EMA vs. SMA and Beyond Simple trend models focus on price data to create trading signals and forecasts which is what $BTRN does. For Bitcoin exponential moving averages (EMAs) are likely better suited than simple moving averages (SMAs). A pure SMA strategy can result in always being in the market even without a clear trend due to potential mean-reversion in the time series. EMAs give higher weighting to recent prices while SMAs assign equal weighting to all prices. Traders generally agree that new data better reflects current trends which is particularly relevant for Bitcoin." [X Link](https://x.com/dgt10011/status/1798057056328692058) 2024-06-04T18:19Z 78.9K followers, [----] engagements "Bitcoin as a Negative Theta Asset While the futures curve in Bitcoin reflects the typical contango Bitcoin's actual forward spot from a pure price expectation is typically in backwardation meaning the forward price is lower than the current spot price. This can be observed in the below graph by looking at the direction of the ATM spot at various points in the future. This contrasts with most traditional assets that tend to have a higher forward price due to carrying costs like storage or interest rates. The forward price is influenced by various factors including market expectations and" [X Link](https://x.com/dgt10011/status/1798057058618765735) 2024-06-04T18:19Z [----] followers, [---] engagements "By the way hows that $MSTR trade working out so far 1x1 spread below. Even if you beta hedged BTC to 2.5x still down 20% without including borrow costs for [--] months. Kerrisdale misunderstands the value accretion opportunities miners have to earn fee revenue outside of block rewards host AI applications and develop L2 revenue streams. Not to mention where we are in the bull cycle. Additionally they are misguided on the environmental impact Kerrisdale misunderstands the value accretion opportunities miners have to earn fee revenue outside of block rewards host AI applications and develop L2" [X Link](https://x.com/dgt10011/status/1798420323014181203) 2024-06-05T18:23Z [----] followers, [----] engagements "When I joined the MS trading desk I was given three books: Natenberg's Option Pricing and Volatility @jackschwager's Market Wizards and @nntaleb's Dynamic Hedging In hindsight these books not only honed my trading but also my ability to recognize the opportunities in crypto" [X Link](https://x.com/dgt10011/status/1800236698904719578) 2024-06-10T18:40Z [----] followers, [----] engagements "@martypartymusic @Tether_to Did the Europeans finally study the Eurodollars" [X Link](https://x.com/dgt10011/status/1800324101531165153) 2024-06-11T00:28Z [----] followers, [---] engagements "This package is now up 50% which while not astronomical in terms of options leverage is meaningful given it was -2% delta at inception. Now the delta is higher (2x) and more importantly positive theta is 3x and we are ATM on the long strike. It's all about path dependency. When crypto vol resets abruptly the whole curve moves. It's incredible for spread trades- For example the ETH-PBUT-26JUL24-2900_3200_3500 costs 1% for a 9X payout essentially hedging a reversion to ETH px [--] days ago for the next [--] months. Positive theta hedge = asymmetric When crypto vol resets abruptly the whole curve" [X Link](https://x.com/dgt10011/status/1800505772297904280) 2024-06-11T12:30Z [----] followers, [---] engagements "Do $BTC ETF flows predict future price A few quick charts using $IBIT as a proxy for BTC ETFs to run some quick exercises 👇" [X Link](https://x.com/dgt10011/status/1800551006343938178) 2024-06-11T15:29Z [----] followers, [----] engagements "Recently someone asked me "What do you like most about your job" I gave it considerable thought and while there are many reasons one stood out: at Bitwise we support entrepreneurs. It turns out that RIAs are indeed the startups of finance. With over [-----] RIAs managing $110 trillion in assets under management (AUM) only 7% manage more than $5 billion while 50% manage up to approximately $100 million in AUM. RIAs are the entrepreneurial "applications" that operate on top of the financial services infrastructure driving change with their agile client-first approaches. Like all startups these" [X Link](https://x.com/dgt10011/status/1800914075649552443) 2024-06-12T15:32Z [----] followers, [----] engagements "I didnt believe in the Heinsenberg Principle until I met @Matt_Hougan. Everywhere anywhere anytime all time. Truly physics defying. From our breakfast to CNBC to now here at the Coinbase Summit delivering more aha moments with exclusive intel from the Bitwise fronts" [X Link](https://x.com/dgt10011/status/1801328138510795082) 2024-06-13T18:57Z [----] followers, [----] engagements "@JasonYanowitz I love how you didnt need to note (bitwise) because there can only be the one and only" [X Link](https://x.com/dgt10011/status/1801422750164390053) 2024-06-14T01:13Z [----] followers, [----] engagements "Beautiful day in NYC for some mapping adventures" [X Link](https://x.com/dgt10011/status/1801997286244856295) 2024-06-15T15:16Z [----] followers, [---] engagements "@Darky999 long basic theorems in this household as a lifestyle- 🫡 Will revert with ordinals progress" [X Link](https://x.com/dgt10011/status/1802080962974543935) 2024-06-15T20:49Z [----] followers, [--] engagements "And you cant help admiring the Faberge eggs as cliche as it is" [X Link](https://x.com/dgt10011/status/1802399113176093002) 2024-06-16T17:53Z [----] followers, [---] engagements "The dining room from Lansdowne House from a former Prime Minister that the Met rebuilt rivals the Temple of Dendurs acquisition logistics" [X Link](https://x.com/dgt10011/status/1802399118947406287) 2024-06-16T17:53Z [----] followers, [---] engagements "@kenashe @resistancemoney Courtesy of intern at @vaneck_us" [X Link](https://x.com/dgt10011/status/1803559880139182404) 2024-06-19T22:45Z [----] followers, [---] engagements "Lots of people over the years have asked me why is South Korea still considered EM Though recently less as more Americans understanding how the US might also be on the path to becoming one as well. Wen $AAPL in $EEM South Korea remains classified as an emerging market by MSCI as expected after a short-selling ban countered efforts by the country to get upgraded to developed status https://t.co/4TKzCZzCnj South Korea remains classified as an emerging market by MSCI as expected after a short-selling ban countered efforts by the country to get upgraded to developed status https://t.co/4TKzCZzCnj" [X Link](https://x.com/dgt10011/status/1803909121923490303) 2024-06-20T21:53Z [----] followers, [---] engagements "The most insightful question in the Cayman Islands AML/Sanctions Training test is:" [X Link](https://x.com/dgt10011/status/1804262622470009230) 2024-06-21T21:18Z [----] followers, [----] engagements "I got some heat initially for suggesting a downside hedge idea upon the ETH approval news but - the below package is now 2.24x initial cost and more importantly + theta is now a whopping 5.6x since inception. By doing nothing the gains will accelerate over the next month. When crypto vol resets abruptly the whole curve moves. It's incredible for spread trades- For example the ETH-PBUT-26JUL24-2900_3200_3500 costs 1% for a 9X payout essentially hedging a reversion to ETH px [--] days ago for the next [--] months. Positive theta hedge = asymmetric When crypto vol resets abruptly the whole curve" [X Link](https://x.com/dgt10011/status/1805207792250180091) 2024-06-24T11:54Z [----] followers, [---] engagements "Will be live tweeting Gary Gensler from Bloomberg Summit 👇" [X Link](https://x.com/dgt10011/status/1805665095382360342) 2024-06-25T18:11Z [----] followers, [----] engagements "#Crypto: Outside of ETPs crypto use non-compliant rails and many are securities - offered in investment contract schemes - and American public not getting proper disclosure. Re ETH spot ETF I dont know the timing but it is going smoothly" [X Link](https://x.com/dgt10011/status/1805667970670379417) 2024-06-25T18:22Z 31.9K followers, [---] engagements "Intermediaries are highly centralized around a few platforms commingling things we would never allow anywhere else Keeps hammering people are in jail or will be in jail not living within scope of Bank Secrecy Act or Commodities Exchange Act" [X Link](https://x.com/dgt10011/status/1805668708829860165) 2024-06-25T18:25Z 28.2K followers, [---] engagements "I really do love Bloomberg but this is literally a potential free lunch for @TheTieIO @MessariCrypto @TheBlock__ @CFBenchmarks @artemis__xyz or anyone else interested in tapping into crypto portfolio simulator as a service add-on" [X Link](https://x.com/dgt10011/status/1805797798115147788) 2024-06-26T02:58Z [----] followers, [---] engagements "In [----] the line between strategic patience and willful neglect got thinner and clearer for considering an allocation to crypto. It was an honor to represent crypto at Institutional Investor and a special privilege to experience it with my wonderful colleagues at Bitwise. Many know Bitwise for our index products. Newer and not as widely known Bitwise's Head of Alpha Strategies @dgt10011 leads an exceptional team focused on alpha. Jeff is brilliant modest curious and kind. So happy to see him recognized as one of Institutional Investor's https://t.co/NDG7k2AGFR Many know Bitwise for our index" [X Link](https://x.com/dgt10011/status/1806280197081096399) 2024-06-27T10:55Z [----] followers, [----] engagements "In the 2000s Blackstone KKR Apollo and Carlyle were all roughly the same size same prestige same product - Today $BX is 150Bn $KKR is 100Bn $APO is 70Bn $CG is 15Bn Remarkable difference in capital market solutions investor base differentiation and ultimately leadership" [X Link](https://x.com/dgt10011/status/1807907172409565439) 2024-07-01T22:40Z 68.1K followers, [----] engagements "TLDR: there's two takeaways 1) ETH can be a valuable diversifier to a modern technology portfolio and should be considered for its empirical merits in a liquid portfolio 2) Always make sure to finish Matt's memo You never know what he'll drop on the few last sentences. :)" [X Link](https://x.com/dgt10011/status/1808303221641040285) 2024-07-03T00:54Z [----] followers, [---] engagements "This week alone harbingers of transformative shifts- Ethereum enabling internet-native money transfers via Stripe Circle Solana Blinks enabling native social ecommerce via Paypal X "What about real-world utility" is the 'private blockchain' of 2024: soon obsolete" [X Link](https://x.com/dgt10011/status/1808524808906543571) 2024-07-03T15:34Z 11.8K followers, [---] engagements "Happy 4th of July USA In these times of national dysfunction remember what #Bitcoin can be unburdened by what it has been - for the community banks in the community where we understand the community the capacity of community - by the significance of the passage of time" [X Link](https://x.com/dgt10011/status/1808836952122155126) 2024-07-04T12:15Z [----] followers, [----] engagements "My favorite book I read in Q2 [----] is a surprisingly heartfelt story with an unlikely AI protagonist that Ishiguro dedicated to his own mother who passed away in [----] Rooms within rooms within roomswouldnt there always be others youd not yet entered Movie coming via Sony" [X Link](https://x.com/dgt10011/status/1810136736355242471) 2024-07-08T02:20Z [----] followers, [---] engagements "@jvs_btc @glassnode @CMEGroup Nice That definitely caught my eye too as well as below. Even though futures trading volume hasn't surpassed [----] peak (which may be a surprise to some) clear in options world both OI and volume making clear new highs" [X Link](https://x.com/dgt10011/status/1810665827496071494) 2024-07-09T13:22Z [----] followers, [---] engagements "Major integration with Stellantis brands starting with Peugeot Opel and Vauxhall vehicles in [--] European markets getting SoundHound Chat AI starting today. Up 25%. Find "Value" in AI. Baupost taking a stake in $SOUN at 30x revenue was not on my Q1 13F bingo card Intriguing. What other fun nuggets did you find in the latest rounds Baupost taking a stake in $SOUN at 30x revenue was not on my Q1 13F bingo card Intriguing. What other fun nuggets did you find in the latest rounds" [X Link](https://x.com/dgt10011/status/1811415047991890065) 2024-07-11T14:59Z [----] followers, [---] engagements "Hypothetical 13Fs for ETH ETF in 3Q [----] Coatue Light Street Capital Group's New Economy Fund American Fund's Growth Fund of America Fidelity Disruptive Technology ETF These buyers originally excluded from BTC ETF are mandated to consider Ethereum's next-gen tech potential🌊" [X Link](https://x.com/dgt10011/status/1811831689607577802) 2024-07-12T18:35Z [----] followers, [----] engagements "Giving feedback is a lot like Bitcoin It has to be credibly neutral otherwise the bias negates authenticity and the recipient will fork It needs to be censorship-resistant as only uncensored feedback is truth And it must be scarce so as to determine that it's indeed valuable" [X Link](https://x.com/dgt10011/status/1812956467538108680) 2024-07-15T21:04Z [----] followers, [---] engagements "According to @Reuters BoJ data released on Tuesday suggested Tokyo may have spent [----] trillion yen ($13.5 billion) intervening on Friday last week. Combined with Thursday Japan is suspected to have bought nearly [--] trillion yen via intervention last week. All for naught" [X Link](https://x.com/dgt10011/status/1813194250533679515) 2024-07-16T12:49Z [----] followers, [----] engagements "@ggcripto @Reuters Too bad they didnt buy $30bn of BTC at $58k instead. 3d chess so hard" [X Link](https://x.com/dgt10011/status/1813195946680836129) 2024-07-16T12:56Z [----] followers, [--] engagements "Excellent summary of latest PoS total return landscape comparing ETH to ATOM models and why potential slashing at Eigenlayer is a more complicated subject than initially meets the eyes Also it's written by a bad kid so you know it has to be good :) Restaking is used by many ecosystems today. The benefits it brings are universally shared but the risks differ by approach. In my new report I cover the restaking models of EigenLayer and replicated security and outline the unique risks of each. 🧵👇 https://t.co/eDE6L0Jv6p Restaking is used by many ecosystems today. The benefits it brings are" [X Link](https://x.com/dgt10011/status/1813261453119369221) 2024-07-16T17:16Z [----] followers, [---] engagements "@SkyTradeNetwork @0xsky404 @PaulTaylorVC @winifredatwell @0xOpiner 🙌 Need Harry Macklowe as an angel investor" [X Link](https://x.com/dgt10011/status/1813266629892943931) 2024-07-16T17:37Z [----] followers, [--] engagements "2y10y narrowing out of inversion via front end- But Trump also likes tax cuts and tariffs. Think back end will also have to start pricing revolts. Could escape inversion quickly after two long years" [X Link](https://x.com/dgt10011/status/1813557580771274940) 2024-07-17T12:53Z [----] followers, [----] engagements "While the CCP commences its third plenum described as "epoch-making" HKMA issues updated regulatory framework to bring stablecoin adoption with several sandbox participants including Standard Chartered and HK Telecom You can bet the USA is monitoring closely details like:" [X Link](https://x.com/dgt10011/status/1813925651659002126) 2024-07-18T13:15Z [----] followers, [---] engagements "One of the most comprehensive list of crypto-specific factors I have seen- But which ones really matter 👀" [X Link](https://x.com/dgt10011/status/1813972791919616177) 2024-07-18T16:23Z [----] followers, 11.9K engagements "We know BTC trends hard but how to extract alpha remains the stuff of legends. So I wanted to share one of my favorite SSRN papers from @quantpedia titled "Seasonality Trend-following and Mean reversion in Bitcoin" that provides a simple DIY that doesn't even need excel. 🧵👇" [X Link](https://x.com/dgt10011/status/1814394698846576769) 2024-07-19T20:19Z [----] followers, [----] engagements "The majority of crypto trend research focuses on oscillaors like moving averages - sometimes volume based sometimes volatility based. Throw in reversal patterns breakout patterns etc But what about simply using BTC's maximal or minimal price data over various lookback days" [X Link](https://x.com/dgt10011/status/1814394700511752477) 2024-07-19T20:19Z [----] followers, [---] engagements "And since both MIN and MAX strategies are mutually exclusive as you cannot be both at the MIN and the MAX simultaneously you can then model a return stream that COMBINES both strategies. The results are compelling" [X Link](https://x.com/dgt10011/status/1814394714185183696) 2024-07-19T20:19Z [----] followers, [---] engagements "This research hasn't been updated since [----] but my instinct is that this continues to hold well and would have been exceptional in [----]. Counterintuitive yes - but now you know a piece of real alpha: in crypto it's not Buy low Sell high. It's Buy high and Sell higher" [X Link](https://x.com/dgt10011/status/1814394716601102609) 2024-07-19T20:19Z [----] followers, [---] engagements "That's because US investment pros keep forgetting #BTC is a global asset. Bitcoin's strongest correlation is global liquidity. Sure US rates matter at some level - but the gray box is hiding recent rate cuts from Canada Switzerland ECB. Global liquidity finds global asset I cant count the number of times Ive had financial advisors & investment professionals tell me that Bitcoin only thrives in low-interest-rate environments The fact that we are near ATH while rates are the highest theyve ever been in Bitcoins lifetime is incredibly bullish. I cant count the number of times Ive had financial" [X Link](https://x.com/dgt10011/status/1814467281331622250) 2024-07-20T01:08Z [----] followers, 12.1K engagements "I recently found this picture and was shocked by how radiant President Bidens smile was how clear his eyes used to be Despite policy errors and incompetent company the person has always been compassionate humble and proudly American History will remember him as a true hero" [X Link](https://x.com/dgt10011/status/1815129515489952005) 2024-07-21T20:59Z [----] followers, [---] engagements "And what a unique crypto-first principle that ETFs also allows institutional investors to access the market as same term as retail investors- Ultimate fairness because flows work both ways. Love crypto ETFs are beautiful. Their great promise is to allow everyday investors to access the market on the same terms as the largest institutional investors in the world. It's what we all deserve. We are seeing that in force again today. ETFs are beautiful. Their great promise is to allow everyday investors to access the market on the same terms as the largest institutional investors in the world. It's" [X Link](https://x.com/dgt10011/status/1815732034049851794) 2024-07-23T12:53Z [----] followers, [---] engagements "The God-given right of Americana to have my affordable French fries is being taken away by the devil of inflation @teddyfuse experienced this on the front line recently and paid a price for it Patriots must buy $LW on the dip and support our potato economy" [X Link](https://x.com/dgt10011/status/1816149314705531207) 2024-07-24T16:31Z [----] followers, [----] engagements "Day [--] $BTC ETF flows (ex GBTC) = $750MM Day [--] $ETH ETF flows (ex ETHE) = $590MM" [X Link](https://x.com/dgt10011/status/1816217704149254464) 2024-07-24T21:03Z 76K followers, 35.5K engagements "@StockMKTNewz No potatoes at chipotle Makes sense" [X Link](https://x.com/dgt10011/status/1816238162370527718) 2024-07-24T22:24Z 68.1K followers, [---] engagements "3rd asset is Chainlink No $SOL lol Cant wait for Berachain Breaking: Crypto has a S&P500 and its called the NCI. Issuers are registering ETFs against this index. This is the equivalent of the SPY but for crypto. https://t.co/KkD53TSWRR Breaking: Crypto has a S&P500 and its called the NCI. Issuers are registering ETFs against this index. This is the equivalent of the SPY but for crypto. https://t.co/KkD53TSWRR" [X Link](https://x.com/dgt10011/status/1816271662314090602) 2024-07-25T00:38Z [----] followers, [---] engagements "1 day from expiry and couldn't have imagined a better set up - up 700%+ theta 220x spot at [----] with max payout at [----]. Sometimes a little luck helps but it's all about the conviction to hold. Looks like we overshot still sitting pretty at 2.5x initial cost same 5x theta but- Now long 3.5x delta short 2x vega transforming into an upside hedge for next [--] weeks Love the setup https://t.co/6sP6juAIsr Looks like we overshot still sitting pretty at 2.5x initial cost same 5x theta but- Now long 3.5x delta short 2x vega transforming into an upside hedge for next [--] weeks Love the setup" [X Link](https://x.com/dgt10011/status/1816447979554734317) 2024-07-25T12:18Z [----] followers, [----] engagements "In behavioral economics we call this Hindsight Bias or the tendency to see events as having been predictable after they have already occurred- Its so important to engage in perspective-taking as an asset manager All successful innovations start at 3% 1/33 is meaningful" [X Link](https://x.com/dgt10011/status/1816660846803661115) 2024-07-26T02:24Z [----] followers, [----] engagements "Infinite garden dreams" [X Link](https://x.com/dgt10011/status/1817239929878958386) 2024-07-27T16:45Z 44.3K followers, [---] engagements "There is simply nothing more bullish for crypto alpha than the SEC dropping bid to classify tokens like SOL and others as securities This will help correct the massive oversupply of private capital in crypto landscape and slowly move them to liquid crypto Next is custody rule" [X Link](https://x.com/dgt10011/status/1818406277829251525) 2024-07-30T22:00Z [----] followers, [----] engagements "Instead I want to focus on the relational data front. On that the paper firmly establishes the sign matrices as follows as a starting point: ➕conventional risk premium shock = 2y yield & BTC px & SPX px ➕monetary policy shock (contractionary) = 2y yield & BTC px & PSX px ➕crypto specific demand shock = ❓2y yield & BTC px & ❓SPX px" [X Link](https://x.com/dgt10011/status/1819175334815600832) 2024-08-02T00:56Z [----] followers, [--] engagements "To unpack the crypto specific demand a unique intuition employed here is via stablecoins. The model assumes changes in stablecoin mcap as safe havens vs crypto asset returns can help differentiate risk premia vs adoption shocks - ie: ➕adoption shock = stablecoin mcap & BTC px ➕risk premium shock = stablecoin mcap & BTC px I find this really interesting (and also challenging)" [X Link](https://x.com/dgt10011/status/1819175336736707041) 2024-08-02T00:56Z [----] followers, [---] engagements "The study assumes stablecoin outflow as risk off because Treasuries are ultimate safe havens - that posiive conventional risk premium shock leads to stablecoin outflows. But interesting to imagine a world where that might not be so in the future. Extreme tail risk premium type stuff where stables Treasuries one day" [X Link](https://x.com/dgt10011/status/1819175338376655155) 2024-08-02T00:56Z [----] followers, [--] engagements "Equally intriguing is that the universe used is USDT + USDC given they represent 90%+ market. But what if the choice between two itself represents a risk trade off Is it worth deconstructing USDT and USDC flows separately" [X Link](https://x.com/dgt10011/status/1819175339702047221) 2024-08-02T00:56Z [----] followers, [---] engagements "In truth its not the US that needs a Bitcoin strategic reserve fund That countys name starts with J and rhymes with a scam According to @Reuters BoJ data released on Tuesday suggested Tokyo may have spent [----] trillion yen ($13.5 billion) intervening on Friday last week. Combined with Thursday Japan is suspected to have bought nearly [--] trillion yen via intervention last week. All for naught https://t.co/Q2dvhfUa6Z According to @Reuters BoJ data released on Tuesday suggested Tokyo may have spent [----] trillion yen ($13.5 billion) intervening on Friday last week. Combined with Thursday Japan is" [X Link](https://x.com/dgt10011/status/1819192401845719068) 2024-08-02T02:04Z [----] followers, [---] engagements "Feels to me equities will keep falling for a few more days. Monday feels a little scary tbh" [X Link](https://x.com/dgt10011/status/1819416749269188751) 2024-08-02T16:55Z [----] followers, [----] engagements "@HHorsley Might need a new TARP one that puts Tether's $10bn+ profits to use which is US taxpayer funded in a much more direct way the Tether Accelerated Repurchase Program" [X Link](https://x.com/dgt10011/status/1819421595372605708) 2024-08-02T17:14Z [----] followers, [---] engagements "Institutions are not necessarily scared of non-custodial solutions to hold assets. They utilize those all the time for private securities credit risk transfers reinsurance etc- What they are scared of is the idea of liquid non-custodial solutions. Scared of themselves" [X Link](https://x.com/dgt10011/status/1819482015424827697) 2024-08-02T21:14Z [----] followers, [---] engagements "On days like today when everything is unbearably red I rediscover @berachain for all its honey jar then hibernate in peace" [X Link](https://x.com/dgt10011/status/1819545263184265271) 2024-08-03T01:26Z [----] followers, [----] engagements "@santiagoroel True though has interesting implications for $COIN beta in future. Possible the neg rates beta neutralizes the pos crypto beta given the historic negative correlation between the two" [X Link](https://x.com/dgt10011/status/1819859938073780282) 2024-08-03T22:16Z [----] followers, [---] engagements "When this selling phase concludes the rebound will be so powerful so swift and so anticipated that you will find yourself both astonished and unsurprised. Just wait then wait some morethen act swiftly" [X Link](https://x.com/dgt10011/status/1820154542429794497) 2024-08-04T17:47Z [----] followers, 52.8K engagements "@zerohedge Every Japanese company needs to announce ASAP they are going to buy #BTC on their balance sheet. Now a matter of national duty not pride" [X Link](https://x.com/dgt10011/status/1820256058855637461) 2024-08-05T00:30Z [----] followers, 18.8K engagements "Well turns out scary was right- Short IWM / Long XLP Long SPLV / Short SMH Long copper / Short MXN Take note stay vigilant (watch KRE EUR oil) and let's run for it" [X Link](https://x.com/dgt10011/status/1820415915197964594) 2024-08-05T11:05Z [----] followers, [---] engagements ""Wen printer" is going viral again. "Soon" surface pundits say. But this time it might actually be different. We're not going to get emergency cuts (at least based on credit spreads). Let me explain (and why the set up for $BTC is unbelievably powerful) - The GFC of [----] was squarely the fault of US negligence. COVID [----] was the fault of God so no one to blame. In each case there was either a clear perpetrator or none that made policy action easier to justify so came swift action- But this current spiral of [----] is seemingly led by Japan which from the US perspective requires an" [X Link](https://x.com/dgt10011/status/1820440500626694381) 2024-08-05T12:43Z [----] followers, 28.9K engagements "@Andre_Dragosch JPY strength more likely because BoJ raised rates for only the second time since the last [--] years and signaled more to come Agree US data was known for a long time. The world no longer has a zero-rate lender. The mythical power of the $ been challenged is the tail risk" [X Link](https://x.com/dgt10011/status/1820483675978637669) 2024-08-05T15:35Z [----] followers, [---] engagements "It takes more than one day to unwind the greatest carry trade in the world Also if there are actual substantiation that pull forward US rate cuts narrowing the interest differential even further- You can bet all your dogcoins deleveraging is going to accelerate not decelerate" [X Link](https://x.com/dgt10011/status/1820619717628891610) 2024-08-06T00:35Z [----] followers, [----] engagements "Honored to host @SalehaMohsin @resistancemoney to explore the conventional role and properties of money through the historical lens of the dollar's weaponization since the early 1900s If Bretton Woods was the Dollar's "coronation" what will Bitcoin's be Tune in to find out Amidst this market volatility the global role of dollar has been put back on center stage. Meanwhile Bitcoin is completely changing the notion of money in more ways than people realize Saleha Mohsins Paper Soldiers and Andrew Baileys Resistance Money are two must-reads https://t.co/o5UprxxgHJ Amidst this market volatility" [X Link](https://x.com/dgt10011/status/1820818712943009976) 2024-08-06T13:46Z [----] followers, [----] engagements "It's just [--] day (and also noisy given create/redeem flexibilities) but- On days like yesterday where ETH ETF flows are + BTC ETFs are - I do wonder if ETH buyers are actually different: non-crypto native investors that buys ETH dips alongside MAG7 high growth and AI instead" [X Link](https://x.com/dgt10011/status/1820851289691238456) 2024-08-06T15:55Z [----] followers, [----] engagements "@internetcapita_ Exactly. I had a small suspicion already but then I got more confirmation when I observed the difference between the people that showed up to Bitwise's NYSE BTC ETF Bell Ringing Ceremony vs the ETH Ceremony. Different people different energy - even in Tradfi" [X Link](https://x.com/dgt10011/status/1820854040659431707) 2024-08-06T16:06Z [----] followers, [---] engagements "If you bought $10000 worth of $PTON on May [--] [----] when it was pitched by an expert stock picker at the Sohn Conference it would be worth: $340 today If you bought $10000 worth of $BTC on the same day by the recommendation of apes it would be worth: $10250 today" [X Link](https://x.com/dgt10011/status/1821238880097726674) 2024-08-07T17:36Z [----] followers, [----] engagements "Bretton Woods era (1940s-1970s) In the 1960s The Fed established reciprocal currency swaps with BoE Budesbank Bank of France Italy etc. to defend their respective fx pegs. It estimated that it reached as high as $8bn in swaps (which might be around $70bn today). The accumulation of dollars abroad put pressure on US gold reserves. Then in the 70s the Smithsonian Agreement was struck to allow Fed Bundesbank BoJ to intervene in FX markets and use swap lines to unsuccessfully maintain parities after the suspension of the gold convertibility ultimately leading to its collapse and free float" [X Link](https://x.com/dgt10011/status/1821352061985767536) 2024-08-08T01:05Z [----] followers, [----] engagements "Sterling Crisis (1960s) When capital controls were removed in the 1960s the BoE came under attack several times. In 1966-7 BoE received swap lines and loans from the Fed Bank of International Settlements and other central banks to defend the pound though that eventually failed as we all know. Fun fact then that BoE started to manipulate its reserve figures to impress their standing. See graph below - the solid line represents convertible reserves as published by the BoE and the stacked column shows the actual daily dollar reserves. The spikes show they were using short-term repos to report on" [X Link](https://x.com/dgt10011/status/1821352063739035650) 2024-08-08T01:05Z [----] followers, [----] engagements "Asian Financial Crisis (1990s) During the AFC in [----] BoJ provided bilateral currency swaps to various affected countries. It was called the Miyazawa Initiative and included both bilateral swap agreements with South Korea Thailand etc providing Japan's dollars. Half of the $30bn package was for "short term loans" for immediate liquidity via bilateral swaps and the other half was "long-term assistance" designated for mostly concessionary purposes" [X Link](https://x.com/dgt10011/status/1821352065655837154) 2024-08-08T01:05Z [----] followers, [----] engagements "@santiagoroel look at where stablecoin ranks from the GS digital assets survey - theres alpha here" [X Link](https://x.com/dgt10011/status/1821959166157869269) 2024-08-09T17:18Z 12.6K followers, [---] engagements "Today feels like a great day to own ETH vol Lowest spot/vol corr since the beginning of the year AND lowest VRP since the beginning of the year Market giving you sticky strike regime amidst a potential breakout world The kind of thing that doesn't happen in TradFi very often" [X Link](https://x.com/dgt10011/status/1821972002321686818) 2024-08-09T18:09Z 12.6K followers, [----] engagements "Ethena x Solana is literally a match made in heaven. Proof of love" [X Link](https://x.com/dgt10011/status/1821977950625120513) 2024-08-09T18:32Z 12.5K followers, [----] engagements "The interest burden of the debt is at what I would call normal historical levels. - Janet Yellen (born in 1946) Ah it makes perfect sense now. Normal is WWIII. Buy #Bitcoin" [X Link](https://x.com/dgt10011/status/1822630859503026585) 2024-08-11T13:47Z 12.6K followers, 16.6K engagements "X/Twitter needs a Layer 2" [X Link](https://x.com/dgt10011/status/1823153950079819959) 2024-08-13T00:25Z 12.6K followers, [---] engagements "Todays CPI print feels like a net negative/neutral to Bitcoin. Rate cut is still likely but with less probable severity. Also not a good sign with Kishida pulling a Biden last night. Top contenders Ishiba is pro domestic consumption growth and Kono supports rate hike" [X Link](https://x.com/dgt10011/status/1823730042603757699) 2024-08-14T14:35Z 12.6K followers, [----] engagements "@SplitCapital Agree with this. Some of my view for BTC specifically is based on my high level belief that BTC in a ceteris paribus environment is inherently a negative theta asset; ie natural state is grind down except for when exogenous variables are introduced via unexpected liquidity shocks" [X Link](https://x.com/dgt10011/status/1823734397927068027) 2024-08-14T14:52Z 12.6K followers, [---] engagements "Feels like $WLD should rally here if SSN leak is real investigated then escalates" [X Link](https://x.com/dgt10011/status/1823858196337115274) 2024-08-14T23:04Z 12.5K followers, [----] engagements "@m0foundation @sparkdotfi @g_dip @MakerDAO Compelling" [X Link](https://x.com/dgt10011/status/1823872121770021166) 2024-08-14T23:59Z 12.6K followers, [---] engagements "Violent move up incoming" [X Link](https://x.com/dgt10011/status/1824202525425197495) 2024-08-15T21:52Z 12.5K followers, 16.9K engagements "LIVE from Super Smash $PARA SCOOP with @jtoonkel: Media executive Edgar Bronfman Jr. is preparing a bid for Paramount Global and National Amusements that could come together in the coming days. He's talking to possible backers including Hollywood producer Steven Paul. $PARA https://t.co/SaZGGnsXI3 SCOOP with @jtoonkel: Media executive Edgar Bronfman Jr. is preparing a bid for Paramount Global and National Amusements that could come together in the coming days. He's talking to possible backers including Hollywood producer Steven Paul. $PARA https://t.co/SaZGGnsXI3" [X Link](https://x.com/dgt10011/status/1824228834901700632) 2024-08-15T23:37Z 12.4K followers, [----] engagements "@WClementeIII 💯 Ken griffins 240mm condo = 200mm MP and 40mm RE. That 200mm is coming straight to Bitcoin in [--] years. Now do that math for all of the worlds trophy properties. Putting the real back in real estate" [X Link](https://x.com/dgt10011/status/1824264468081070329) 2024-08-16T01:58Z 12.6K followers, [----] engagements "Great call @Shiretowndown - I consider MKR to be exceptional and in fact a beacon of hope to successfully apply "value" investing. Watching it navigate the stability fee mechanics back in March and also now with wBTC are truly heroic stuff - but more of an exception than majority. Also think highly of @RyanWatkins_ and team. For related reasons I also really like @m0labs" [X Link](https://x.com/dgt10011/status/1824500651377697214) 2024-08-16T17:37Z 12.6K followers, [---] engagements "@Shiretowndown @0xmaxg @stevencook_ @RyanWatkins_ @WilsonWithiam @HighCoinviction @SyncracyCapital @MakerDAO Oops - retagging @m0foundation" [X Link](https://x.com/dgt10011/status/1824503704793362689) 2024-08-16T17:49Z 12.6K followers, [---] engagements "@chrisrussi Yep some juicy liquidations there post small walls [-----] and [-----] and were 🔥" [X Link](https://x.com/dgt10011/status/1824536333932519871) 2024-08-16T19:58Z 12.6K followers, [--] engagements "@syoddz This is 100% true. Asian parents first words are you didnt study hard enough - but thats also because they assume tests are about knowledge. American tests are well not about knowledge at the highest echelon. Thats what shapes this divergence in culture IMO" [X Link](https://x.com/dgt10011/status/1824825815760249130) 2024-08-17T15:09Z 12.6K followers, [---] engagements "@ballmatthew Great write up super helpful though gotta at least mention the class action lawsuits re child labor and gaming externalities. Those are left tail high severity events like it was in China gaming" [X Link](https://x.com/dgt10011/status/1825289668939984960) 2024-08-18T21:52Z 12.6K followers, [----] engagements "The more I think about AI going open source the more it makes sense even from a Ricardian principles perspective. Stealing patents via espionage is easy when you just have to copy/paste. Tencent Fujian Yuanchun biotech value extraction is fairly instrumental. Much harder when PhDs dont even quite know how they created what they created - never mind the $1tn+ capex investment needed via multilateral trade partners By the way good luck making sense with that tone-driven morpheme Chinese language of yours" [X Link](https://x.com/dgt10011/status/1825520646610358549) 2024-08-19T13:10Z 12.5K followers, [---] engagements "This is yet another reminder that crypto is borderless- That clients are global Desire for knowledge unbounded Teamwork transnational One asset class for one world by one dream team Were excited to share that Bitwise has acquired ETC Group the London-based digital asset manager and creator of Europes largest physical Bitcoin ETP (BTCE). The acquisition deepens our industry-leading suite of crypto products and brings Bitwise clients access to global https://t.co/RTSrrokBo3 Were excited to share that Bitwise has acquired ETC Group the London-based digital asset manager and creator of Europes" [X Link](https://x.com/dgt10011/status/1825529999950262667) 2024-08-19T13:47Z 12.6K followers, [----] engagements "US Jobs revised down 818k second worst revision in US history Fed Jackson Hole meeting starts tomorrow Election year I like the set up" [X Link](https://x.com/dgt10011/status/1826302124092948513) 2024-08-21T16:55Z 12.6K followers, [----] engagements "Two years ago SALT/FTX Bahamas captured the spirit of crypto at the time: offshore haven casinos Katy Perry & tourists As I leave SALT/Kraken today its hard not to admire the stark difference in Wyoming: rugged individualism resilient pioneers and American self-sufficiency" [X Link](https://x.com/dgt10011/status/1826676692720779687) 2024-08-22T17:43Z 68.5K followers, 25.1K engagements "@jvs_btc @CryptoSlate @CoinDesk 🔥🚀 congrats" [X Link](https://x.com/dgt10011/status/1828539626564276630) 2024-08-27T21:06Z 12.3K followers, [---] engagements "1/ This was hands down the best crypto conference I attended in [----]. @SALTConference and @krakenfx with Univ of WY put on a symposium that only Jackson could do: nestled beneath the towering Tetons a beacon of self-sufficiency that shaped resilient pioneers. 🧵 (h/t: JD) Were excited to see Bitcoins renaissance. Our Head of Alpha Strategies and Portfolio Manager @dgt10011 reflected on Wyomings innovative crypto regulation and energy policy and how it can serve as a model for the nation during the Wyoming Blockchain Symposium hosted by https://t.co/94U4aVlYPj Were excited to see Bitcoins" [X Link](https://x.com/dgt10011/status/1828920666826985640) 2024-08-28T22:20Z 10.6K followers, 39.5K engagements "2/ I don't want to entirely rehash the article because there's too many Easter eggs in it - but I will call out a few memorable encounters: Wyoming via the state's Special Purpose Depository Institution (SPDI) charter has been a long time supporter of digital assets. No one knows this better than @CaitlinLong_ a Wall Street exec who happens to also be a Wyoming native. TLDR: To understand Wyoming X Crypto is to understand Caitlin. If there is one thing to understand the moment it is learning her story" [X Link](https://x.com/dgt10011/status/1828920669406650823) 2024-08-28T22:20Z 12.5K followers, [---] engagements "3/ The other maverick hero is @SenLummis. She confirmed that the pro-crypto SAB [---] resolution and FIT21 were pivotal moments shifting the legislative gravity. Comprehensive crypto legislative bill passing this year is not out of the cards with sincere bipartisan support" [X Link](https://x.com/dgt10011/status/1828920671386141014) 2024-08-28T22:20Z 12.4K followers, [---] engagements Limited data mode. Full metrics available with subscription: lunarcrush.com/pricing
@dgt10011 Jeff Park
Jeff Park posts on X about bitcoin, mstr, crypto, money the most. They currently have [------] followers and [----] posts still getting attention that total [---------] engagements in the last [--] hours.
Engagements: [---------] #
Mentions: [--] #
Followers: [------] #
CreatorRank: [------] #
Social Influence
Social category influence cryptocurrencies #799 finance #4949 stocks technology brands countries exchanges currencies celebrities automotive brands travel destinations
Social topic influence bitcoin #349, mstr, crypto #237, money #3753, $mstr #351, ai #3984, investment #3096, debt, finance, the most #2241
Top accounts mentioned or mentioned by @g1smil702 @saylor @bitwiseinvest @elonmusk @apompliano @teddyfuse @joshmandell6 @polymarket @hhorsley @matthougan @punterjeff @ericbalchunas @tetherto @dotkrueger @grok @benwerkman @peterschiff @laurashin @bboesen @joemccann
Top assets mentioned Bitcoin (BTC) Strategy (MSTR) Coinbase Global Inc. (COIN) Ethereum (ETH) Alpha Technology Group Limited (ATGL) Iris Energy Limited (IREN) CLEANSPARK INC (CLSK) Solana (SOL) Strike (STRK) Reserve (RSV) BlackRock Inc (BLK) Mario Coin (COIN) GameStop, Corp. (GME) NVIDIA Corp. (NVDA) Uber Technologies, Inc. (UBER)
Top Social Posts
Top posts by engagements in the last [--] hours
"What is #crypto When I was [--] my dad tried to explain to me what a common stock was: he said youre a part owner and entitled to profits. I asked But if Im an owner why doesnt the CEO know who I am And why dont I get the profits Shrug"
X Link 2022-08-07T01:50Z 13.3K followers, [--] engagements
"Now in my adult age I am still actively trying to unlearn all of these things that even kids intuitively know was wrong. THAT is #crypto and the ensuing revolution. Lean into the youth movement: Its DAOs decentralized credit fractional reserve algorithmic banking.✊"
X Link 2022-08-07T01:50Z 13.3K followers, [--] engagements
"Another crypto feature: disintermediation. PayPal builds direct relationships between customers and merchants globally. Visa and Mastercard are intermediated by issuers and merchant acquirers. PayPal is neither in its best case and empowers P2P transactions that benefit all"
X Link 2023-06-23T17:25Z [---] followers, [--] engagements
"Not only is CME recording record OI in Bitcoin futures with total market OI at $15.7Bn BTC Options OI has SURPASSED futures at $16Bn+ as of 11/1() Lots of year-end upside positioning. Incredible set up when combined with dealer gamma positioning and +spot/vol dynamics to date"
X Link 2023-11-02T15:45Z [---] followers, [---] engagements
"Would you rather own [---] shares of $39000 or [----] shares $39 Another unintended but very real side effect of ETFs. The timeless tried and true magic of stock splits but this time for crypto - [----] for [--]. Perceptual revaluation is a powerful thing"
X Link 2023-12-03T00:30Z [---] followers, [---] engagements
"BTC and SOL are both short humanity while ETH is long humanity. It is widely understood how to make money off of gold guns and gambling - less obvious in public utilities. Its why I have huge admiration for the ETH community but that doesnt make it a financial investment"
X Link 2023-12-21T17:16Z [----] followers, [---] engagements
"TradFi has also contributed to arbitrage opportunities within the RV spectrum. Take a look at the record OI in both futures and options trading. BITI BITI BITC are just asset wrappers. MSTR too. Funding is nonfungible though I proxied BTC but ETH's trend line is stronger"
X Link 2024-01-02T16:55Z [---] followers, [--] engagements
"One more take a look at the annualized funding basis between futures and spot. What is notable here though is that the trend is present in both crypto-native exchanges AND traditional exchanges. Is it BTC ETF positioning Whatever it might be it's yield for the capable"
X Link 2024-01-02T16:55Z [---] followers, [--] engagements
"Well that happened quickly. On technicals everything about trend momentum + oscillators in addition to dealer gamma positioning points that we might be transitioning from 'sticky price' to 'sticky delta' regime soon. $50k+ incoming faster than you think. On technicals everything about trend momentum + oscillators in addition to dealer gamma positioning points that we might be transitioning from 'sticky price' to 'sticky delta' regime soon. $50k+ incoming faster than you think"
X Link 2024-02-12T17:26Z [---] followers, [----] engagements
"FHLB = Find Huge Lumps of Bucks 💯😆 @tracyalloway"
X Link 2024-02-15T15:36Z 47.7K followers, [---] engagements
"Re AI bandwagon: $NVDA for boomers $META for millennials and 🌎🪙 for next-gen alpha"
X Link 2024-02-18T14:34Z [---] followers, [---] engagements
"@teddyfuse @urbanscribesays Sensing strong Mariana energy on this Mallory character"
X Link 2024-02-21T13:36Z [---] followers, [---] engagements
"Moved into the Hypercastle today. Terraforms by @mathcastles is one of the most incredible things I've ever seen. Credit to big brain @_DinoART"
X Link 2024-02-24T16:16Z 30.4K followers, [----] engagements
"@BrianBettor @mathcastles @_DinoART Agreed We currently have a private NFT Index Fund today though the collection leans PFP heavy maybe time for a Generative Art Grails Fund 👀"
X Link 2024-02-24T18:51Z [----] followers, [---] engagements
"In hindsight it really was such a beautiful day. Liquidation heatmap from yesterday morning to today: gm generals its a particularly beautiful day to climb https://t.co/7AKRdp32sT gm generals its a particularly beautiful day to climb https://t.co/7AKRdp32sT"
X Link 2024-02-26T15:30Z [----] followers, [----] engagements
"If you're wondering whether to buy #BTC here you probably missed the Trend/Momentum signal around Feb 1st at $43k If likely means you also missed the Funding Arb today at 60% APY w/ [--] beta which is arguably better risk-reward Dynamic capital rotation ➡ "All-Weather" $$$"
X Link 2024-02-27T16:27Z [----] followers, [---] engagements
"If you're wondering whether to buy #BTC here you probably missed the Trend/Momentum signal around Feb 1st at $43k It likely means you also missed the Funding Arb today at 60% APY w/ [--] beta which is arguably better risk-reward Dynamic capital rotation ➡ "All-Weather" $$$"
X Link 2024-02-27T16:43Z [----] followers, [----] engagements
"@joemccann spot on as usual. The meta insight here was that post ETF you knew there were literally thousands of Buy Limits sitting on every mother's IRA and FOMO institution wishing for a DIP (nice try) where the downside skew was going to be mispriced. The upside was . obvious And to think all you had to do was sell $40k puts to buy $60k/$70k end of March call spreads for a 20:1 trade. Costless. And to think all you had to do was sell $40k puts to buy $60k/$70k end of March call spreads for a 20:1 trade. Costless"
X Link 2024-02-29T02:40Z [----] followers, [----] engagements
"💥MONTHLY NARRATIVES ROUNDUP Biggest winners in Feb [----] were: Identity AI and Memes (displacing Bitcoin Narrative and LSD) Honorary mentions for UNI (fee switch) ETH (ETF+Denver) and DOGE (🐶) for Top [--] Market Cap MTD performance winners Lets get into it🧵"
X Link 2024-03-01T01:14Z [----] followers, [----] engagements
"First February was most notable because the Top [--] narratives collectively outperformed Bitcoin and Top [--] MC. That has been a rare phenomenon in recent memories. [----] in particular was dominated by BTC. This signals the possibility we are amidst experiencing a regime change"
X Link 2024-03-01T01:14Z 80.2K followers, [---] engagements
"Identity Winner: Drum roll. was $WLD Up 231%. If you've been following my posts this shouldn't be a surprise. Worldcoin is interesting to me because it likely has the highest $ per holder/count of distribution globally though DYOR. Unlock cliff coming July 2024"
X Link 2024-03-01T01:14Z 80.2K followers, [----] engagements
"AI Winner: $AGIX Up 173%. What can I say Cardano has to get fed once in a while too. or is it the other way around is AGIX eating Cardano since it's now 50%+ of Cardano's total market cap 😆 Follow ups: $FET +144% and $OCEAN +101%"
X Link 2024-03-01T01:14Z 53.8K followers, [----] engagements
"And saving best for last our Meme Winners: $PEPE Up 231% $BONK up 128% (Overtook FLOKI today) $FLOKI Up 112% .But those who are closely following memeland might already recognize this list isn't totally correct . 🐶🎩"
X Link 2024-03-01T01:15Z 53.8K followers, [----] engagements
"Taking a step back we're heading into March EN FUEGO. So hot that Velo added a NEW COLOR🔥 for 100% APR. Expect more dispersion volatility volume to come"
X Link 2024-03-01T01:15Z [----] followers, [---] engagements
"It's a question of $wen not $wif"
X Link 2024-03-03T13:35Z [----] followers, [---] engagements
"Hypothetical scenario: BTC breaks 70k today gaps to 71k. Investors helplessly watch impatiently waiting for Monday morning market open. They buy at 9:30AM filled at 73k. A-ha moment as they realize the significance of 24/7 liquidity without arbitrary institutions"
X Link 2024-03-10T16:46Z [----] followers, [----] engagements
"Meanwhile in DeFi land @MakerDAO also experiencing their own constraints from linkage to the arbitrary world of T Bills trading"
X Link 2024-03-10T22:40Z [----] followers, [---] engagements
"As TH/s continues to rise personally love $IREN. No debt. Never sold shares. Automated power sales. AI Narrative. Limited counterparties. $-pinching efficiencies. @danroberts0101 is a star $CLSK is great But think many have sizing backwards. Own More of Less-beta for Longer"
X Link 2024-03-12T16:45Z 76.1K followers, 32.5K engagements
"My smart HF friends waiting for $BTC to "pull back" to buy because everything is already "priced in" reminds me of the same folks who didn't want to buy $AMZN after AWS revenue was broken out for the first time in [----] bc it was now "already priced in" NEWSFLASH: It's not"
X Link 2024-03-13T14:58Z [----] followers, [----] engagements
"@CoinbaseInsto This is misleading The primer doesn't discuss LT holders at all in the context of halving and the graph just looks like a net negative - while simply missing most of this is because GBTC outflows and ancient investors potentially moving into ETFs for new financial utilities"
X Link 2024-03-21T19:18Z [----] followers, [---] engagements
"I watched the pilot for Netflix's #ThreeBodyProblem and here are my initial thoughts (no spoiler and hopefully additive to those who may not have read the books): 👇"
X Link 2024-03-22T12:51Z [----] followers, 10.4K engagements
"Conviction higher on $IREN after recent $CLSK events. Never underestimate integrity in all things in life but especially in this business. As TH/s continues to rise personally love $IREN. No debt. Never sold shares. Automated power sales. AI Narrative. Limited counterparties. $-pinching efficiencies. @danroberts0101 is a star $CLSK is great But think many have sizing backwards. Own More of Less-beta for Longer. As TH/s continues to rise personally love $IREN. No debt. Never sold shares. Automated power sales. AI Narrative. Limited counterparties. $-pinching efficiencies. @danroberts0101 is a"
X Link 2024-03-29T14:06Z [----] followers, [----] engagements
"Which $BTC ETF you choose says a lot about your "fashion": Blackrock: Gap ARK: Banana Republic Grayscale: Brooks Brothers Galaxy: H&M VanEck: Vineyard Vines Franklin Templeton: Old Navy Bitwise: Ralph Lauren Choose the iconic brand that is beloved by the fashion insiders👇"
X Link 2024-03-29T20:47Z [----] followers, [----] engagements
"Non fungible legends🗽 @GrailersDAO @Station3NYC"
X Link 2024-04-03T02:04Z [----] followers, [----] engagements
"March as noted by BTC's wild swing in price (+ATH) was a dynamic month by all measures - though perhaps most notably by volume. Spot bitcoin ETF monthly trading volume almost tripled in March hitting above $110Bn as the CME in concert notched a record monthly high of $200Bn"
X Link 2024-04-03T18:28Z 11.9K followers, [----] engagements
"Crypto monthly spot volume doubled from last month reaching $2.5Tn and bitcoin futures volume on crypto exchanges also reached $2.5Tn. Amidst the frenzy BTC funding rate peaked @ 100%+ in the first week retraced to as low @ 10% mid-month climbed back up to 75% by the end"
X Link 2024-04-03T18:29Z [----] followers, [---] engagements
"Perhaps as a result of such instability BTC realized volatility was significantly higher than the implied volatility levels which stubbornly lagged at times above a staggering 10pt spread. Both types of dislocations create short-term trading opportunities March chose rich 🔥"
X Link 2024-04-03T18:29Z [----] followers, [---] engagements
"Many institutional investors are conditioned very early to believe in a concept called the "illiquidity premium". This premium is the supposed incremental return that compensates an investor for owning an asset that is not highly liquid. This idea of buying illiquidity as a long-term investment has been perhaps most popularized by the late David Swensen CIO of Yale Endowment. Throughout his tenure the office allocated between 70% to alternative investments with the illiquidity budget up to 50% of their total allocation (locking up capital up to seven to [--] years). This is why the commonly"
X Link 2024-04-04T16:33Z 75.4K followers, 135.9K engagements
"Nah Ill stick with the more transparent and equitable game of financial chicanery $BODEN"
X Link 2024-04-05T20:29Z [----] followers, [---] engagements
"A 1200-word exposition of various experts wondering why gold is scorchingly up right now Mentions bizarre phenomenon of gold ETFs experiencing outflows while direct individual and private purchases driving flows @NateGeraci Yet not one mention of #BITCOIN Still early. Why is gold suddenly rising right now https://t.co/BOHwinGJL7 Why is gold suddenly rising right now https://t.co/BOHwinGJL7"
X Link 2024-04-07T15:28Z [----] followers, [----] engagements
"A great analysis exemplary of the kind of data you wish you had on $TSLA or $NVDA or $DJT for investing decisions- But you dont because clearing is not on the blockchain and DTCC is was a product of the 1960s Wall Street paperwork crisis At least we got T+1 after [--] years To show how much more room #Bitcoin has to run. Roughly 54% of the supply is held from STHs; each cycle peak has coincided with roughly 80%+ of the supply being held by STHs (driven by fear and greed). The principal cohort continues to shift after each cycle top shifting from https://t.co/PlOZuFaith To show how much more"
X Link 2024-04-10T12:14Z [----] followers, [----] engagements
"@Soigne28 @HHorsley Oh man dont even get me started on Delayed Compensation calcs"
X Link 2024-04-11T11:45Z [----] followers, [--] engagements
"As the AS curve shifts out from SRAS0 and the equilibrium shifts from E0 to E1 to E2 workers can produce more GDP. Thus full employment corresponds to a higher level of potential GDP which is shown as a rightward shift from LRAS0 to LRAS1/2 reducing "long-run" price levels"
X Link 2024-04-12T13:33Z [----] followers, [--] engagements
"This is great Deflation in other words. But hold on isn't that a bad thing Aren't we told that as a generally accepted principle deflation is bad for the economy Now this is where it gets fun. Observe the booming American economic experience during the 19th century"
X Link 2024-04-12T13:33Z [----] followers, [--] engagements
"How is it possible that in the current generation of greatest productivity growth via - internet cloud computing mobile AI/ML big data robotics biotech - we are experiencing . so much inflation The answer is simple: the modern government needs inflation. And the Fed"
X Link 2024-04-12T13:33Z [----] followers, [--] engagements
"Inflation provides governments tools for monetary policy - but it ultimately boils down to debt management and credit creation. The ability to "pull forward tomorrow's consumption" does not work in a deflationary environment. Technology be damned. Young people can intuit this"
X Link 2024-04-12T13:33Z [----] followers, [--] engagements
"As Hong Kong regulators approve its Bitcoin (and ether) ETF this is a good time to refresh why the Bitcoin ETFs matter so much. ETFs birth new financial utilities for Bitcoin for the first time since its inception - and this has great implications for liquid strategies. 👇🧵"
X Link 2024-04-15T17:31Z [----] followers, [---] engagements
"Digital bearer assets like #BTC despite their providing financial autonomy are deeply unproductive as financial assets. They can't tap into the capital efficiency lending or derivatives market available to the regulated capital markets. Their virtue is their biggest flaw"
X Link 2024-04-15T17:31Z [----] followers, [--] engagements
"For example BTC futures provide leverage in addition to a centrally cleared regulated options market but do not allow participation in the yield opportunities via securities lending. (In fact its the oppositethey lose money on roll costs)"
X Link 2024-04-15T17:31Z [----] followers, [--] engagements
"Or take crypto equities like Coinbase or MicroStrategy which as regulated securities do permit margin and securities lending but miss out on capital efficiency because of their tracking error as an imperfect proxy to the desired risk exposure"
X Link 2024-04-15T17:31Z [----] followers, [--] engagements
"This opportunity for alpha is even greater once you step outside of the TradFi sandbox as each of the ETF advantages in the diagram above has a decentralized counterpart too (remember that this peculiar arbitrage in crypto exists because TradFi sandbox is itself man-made)"
X Link 2024-04-15T17:31Z [----] followers, [---] engagements
"For instance capital efficiency from JPM will have to track the capital efficiency of Circle; dYdX options implied volatility surface needs to match the ETFs options surface; lending rates from Aave will have to compete with traditional prime brokers cost of financing"
X Link 2024-04-15T17:31Z [----] followers, [---] engagements
"@teddyfuse @MikeIppolito_ @ntrlsk This was a good one @ntrlsk another reason Ive long suspected options OI futures is because black scholes doesnt lend well to crypto. Highly leptokurtic + importance of local vol models + vol of vol and SMR instability all make me think even professionals struggle w risk"
X Link 2024-04-18T14:37Z [----] followers, [--] engagements
"Every day Bitwise tracks #BTC Demand from US ETFs vs. New Supply. Today we honor the halving by bringing attention to the below. At Block [------] Bitcoins rate of supply growth permanently decreases - while US interest costs continue to exponentially increase. GM to T-0"
X Link 2024-04-19T14:21Z [----] followers, [----] engagements
"Had a blast with rockstars @jvs_btc and @akibablade Our banter reminded me of this chart I published last year - which is that relative return is always changing. The alpha is simple: Everyone buys bitcoin at the price that they deserve. 🎙New SlateCast: Inside Bitcoin ETFs alpha strategies "Is Bitcoin riskier to buy at $10k or at $70k . It's safer to buy at $70k" 🎤: Guest - @BitwiseInvest Head of Alpha Strategy @dgt10011 🗣: Hosts: @jvs_btc & @akibablade https://t.co/L3JK1gGU1O 🎙New SlateCast: Inside Bitcoin ETFs alpha strategies "Is Bitcoin riskier to buy at $10k or at $70k . It's safer"
X Link 2024-04-19T17:09Z [----] followers, [----] engagements
"Favorite Book of Q1 24: Trust by Hernan Diaz I was skeptical at first because I generally dont enjoy finance fiction; unreliable narrators; books-within-book format. But this thriller is spectacularly engaging with immense repeat value Will leave some memorable quotes👇"
X Link 2024-04-24T17:14Z [----] followers, [----] engagements
"Federal Open Market Committee. Joke We either have Open Market or we have a Federal Committee. But we cannot have the former fenced in by the latter Great zinger. Fan service for Bitcoiners and @saylor"
X Link 2024-04-24T17:14Z [----] followers, [---] engagements
"God is the most uninteresting answer to the most interesting questions"
X Link 2024-04-24T17:14Z [----] followers, [---] engagements
"And my absolute favorite: Short selling is folding back time. The past making itself present in the future. 👌 for @WallStCynic"
X Link 2024-04-24T17:14Z [----] followers, [---] engagements
"@_michellenoyes No friggin way. Are you still in touch/ able to connect us Id love to host a Bitwise space with you and him - chat crypto financial chicaneries great women etc and bring some fresh perspective from a novelists eye"
X Link 2024-04-24T22:29Z [----] followers, [--] engagements
"@biancoresearch @jchervinsky Jim. You know better than to introduce cross sectional contaminations to lay these claims. Can you dig up some data on GLD and TLT ownerships on Year [--] Youre a resourceful guy"
X Link 2024-04-28T23:13Z [----] followers, [----] engagements
"💥MONTHLY NARRATIVES ROUNDUP Token selection alpha had no place to hide in April. Outside of BTC meme PIZA nothing else worked. GameFi DEX Identity were some of the biggest losers. YGG MPL: -55% APT SUSHI PYTH GFI: -50% TIA WLD FXS: -45% But some things did work: DeFi🏦"
X Link 2024-04-30T20:43Z [----] followers, [---] engagements
"On the back of projects like @eigenlayer DeFi engagement yield was the orthogonal alpha vector in liquid crypto. Re-staking rewards were heightened across various projects throughout the ecosystem for investors providing shared security and utilizing actively validated services"
X Link 2024-04-30T20:43Z [----] followers, [--] engagements
"@WhalesMarket assist in price discovery and potential hedging opportunities around this nascent primitive bringing another dimension of active management to what is otherwise a "passive active" strategy"
X Link 2024-04-30T20:43Z [----] followers, [---] engagements
"And while DSR is not as high as it used to be it is still 2x USD risk-free rate with Ethena + Pendle offering some exotic yield on top for those who are capable of venturing out further to the frontier. Crypto remains a multi-faceted arena for dynamic investors"
X Link 2024-04-30T20:43Z [----] followers, [---] engagements
"Congratulations to my extraordinary colleague @teddyfuse who celebrates his [--] year anniversary at Bitwise. As the Head of Alpha Strategies at @BitwiseInvest it is not only my privilege but responsibility to drop some serious alpha leaks here so follow closely and ape right in👇"
X Link 2024-05-01T00:51Z [----] followers, [----] engagements
"1 It might impress upon you that because Teddy is working at ALL hours of the day that you can shoot your shot anytime. But all service providers of Bitwise take note: Teddys best mood is actually between 8-11am on workdays and 5-8am on weekends. Might have to do with below:"
X Link 2024-05-01T00:51Z [----] followers, [---] engagements
"2 My love language is gifts said Teddy never - but if you must pepper the ultimate stoic with material temptations best luck in the foods (manly meats only) categories. No liquor or generally wasteful carbs/sugar. The only sugary exception are acceptable Taylor Swift tix"
X Link 2024-05-01T00:51Z [----] followers, [---] engagements
"The alpha model in PROD relies on the open-source signal in which a lack of tweets from Teddy or on a machine-learned (or Jo Jude learned) decline signals he is on vacation - and upside volatility is NOT being priced in by the market. The perfect time to buy knock in calls"
X Link 2024-05-01T00:51Z [----] followers, [---] engagements
"In conclusion we need to send this man on more vacations. If anyone can turn April around there is no more capable individual than this chad of a renaissance man. The hero crypto twitter desperately needs today tomorrow and for rest of his many years at Bitwise We salute you"
X Link 2024-05-01T00:51Z [----] followers, [---] engagements
"$SBUX feeling the wrath of the croffle cash substitution effect as Powell hurriedly reduces monthly redemption cap on Treasury securities to $25Bn from original $30Bn target Market violently whiplashing because America wants cheaper croffles but also lower mortgage rates. The American dream is in turmoil. For four years Ive been buying $6 croffles for the kids at our local coffee shop. They raised the price to $8 this weekend. I finally decided to take the matter into my own hands and do my part to help bring rates lower. AMA. https://t.co/T8tbB3SfVr For four years Ive been buying $6 croffles"
X Link 2024-05-02T12:53Z [----] followers, [---] engagements
"The most painful part about April wasn't that Bitcoin was down 17%. It was that implied volatility also decreased by [--] points. The dreaded inverse skew when negative vanna fails. Every trader's nightmare"
X Link 2024-05-02T21:10Z [----] followers, [----] engagements
"Ignore the incoherence the rambling the elderly vibes for just a second. What's actually important here is that the Chair of the Council of Economic Advisers literally just FAILED Economics [---]. Bernstein at 00:53: "The government definitely lends that money by selling bonds" This is absolutely priceless. And probably the most frightening clip you'll ever watch on the people in charge of the US economy. Jared Bernstein is literally the Chair of the Council of Economic Advisers the main agency advising Biden on economic policy https://t.co/1b31FPFPCQ This is absolutely priceless. And probably"
X Link 2024-05-03T21:43Z [----] followers, [----] engagements
"@ramahluwalia @teddyfuse 🙌 Lets imbibe together at soho house"
X Link 2024-05-03T23:42Z [----] followers, [--] engagements
"Agreed and Bitwise planted its seeds nearly [--] years ago https://bitwiseinvestments.com/crypto-market-insights/a-new-frontier-for-digital-asset-investing Hearing this everywhere Lot of VCs should return the money or set up a liquid strategy or find some smart liquid funds to deploy into and run a FoF https://bitwiseinvestments.com/crypto-market-insights/a-new-frontier-for-digital-asset-investing Hearing this everywhere Lot of VCs should return the money or set up a liquid strategy or find some smart liquid funds to deploy into and run a FoF"
X Link 2024-05-04T14:34Z [----] followers, [----] engagements
"Another mystery - when does the rebalancing actually happen The prospectus discloses no details around the supposed "scheduled rebalance dates" but I happen to remember seeing the fact sheet on release date - which noted that it is "adjusted weekly each Wednesday (prior calculation day if Wednesday is a market holiday). See below. That's odd. Why. Wednesday I went to double check on the Global X website today and it looks like they actually removed this section entirely recently. Can't find it anywhere. Anyway the point of trend signals is to enact change as quickly as possible - you"
X Link 2024-05-05T02:22Z 76.3K followers, [---] engagements
"Here's another quirk upon further reading - $BTRN rebalance is subject to a 50% turnover limit per weekly rebalance period. This is surely bizarre too. One is allowed to acknowledge a trend signal may move slower or faster based on their own proprietary research but you certainly wouldn't want to overrule your own model by introducing an arbitrary restraint like that to counter the empirical outputs of your research in most cases"
X Link 2024-05-05T02:22Z 78.9K followers, [---] engagements
"So this brings to my issue #3. The ETF is STILL long 54% in BTC today. This is while the BTC trend signal went to "downtrend" four days ago. Had the model adjusted faster it could have de-risked before the 4/29 sell off But it would appear that the only time the ETF will go to cash is when there is a "Significant Downtrend" - and that means it will always be too late. Every amateur day trader knows this. Even meme coin traders know this (with much respect)"
X Link 2024-05-05T02:22Z [----] followers, [---] engagements
"TLDR: Actively managed ETFs are a huge business and rightfully so. Everyone wants outperformance and that means by definition everyone's "actively managed" is subjective and different. I'm not here to say one's approach is right or wrong (though I believe skillful quant managers are different from skillful portfolio administrators) and everyone needs to do their own homework. The beautiful thing about ETFs vs hedge funds is that these disclosures allow every common man to do DYOR and pick their best horses. A true meritocracy built around democracy. I'm super passionate about trend signals in"
X Link 2024-05-05T02:22Z [----] followers, [---] engagements
"Within the Bitwise Multistrategy Taxonomy we call this alpha vector: Non-directional Quant Susquehanna International Group has [--] different #Bitcoin issuers. They hold a range of short vol leverage and miners ETFs. So they know exactly what they are doing. Assume they are buying $GBTC knowing it will convert into the mini-ETF which is a much cheaper fee. https://t.co/OPnrDluOMa Susquehanna International Group has [--] different #Bitcoin issuers. They hold a range of short vol leverage and miners ETFs. So they know exactly what they are doing. Assume they are buying $GBTC knowing it will convert"
X Link 2024-05-08T00:02Z [----] followers, [----] engagements
"My favorite question that investors ask: After 10+ years of existence why on Earth is crypto still so volatile so inefficient and so freaking complex Because it is the most liquid commodity on Earth"
X Link 2024-05-09T17:54Z [----] followers, [----] engagements
"This might be the first time in $GLXY history where Asset Management revenue was greater than Global Markets and Others (excluding balance sheet P&L). Bullish crypto asset management"
X Link 2024-05-14T19:58Z [----] followers, [----] engagements
"@teddyfuse @tripalthreat Indeed. Not an accident IBIT missing from that list"
X Link 2024-05-14T21:51Z [----] followers, [---] engagements
"Next the Logos - the logical reason. Unlike the spot token the ETF is a marginable security This means you can run a more capital efficient strategy. You can also lend them out safely and earn income w/o CIP risks. No brainer to own ETF vs spot for professional investors"
X Link 2024-05-17T20:04Z [----] followers, [---] engagements
"Finally Ethos the credibility of authority. The Harris Poll revealed that most US voters distrust elected officials understanding of innovative tech. "End the Fed" bill was introduced. Several bank runs. The politicization of SAB [---]. BTC ETF is easy vote for radical change"
X Link 2024-05-17T20:04Z [----] followers, [---] engagements
"We know what this means gang 🟩 69k incoming"
X Link 2024-05-20T19:12Z [----] followers, [---] engagements
"An enduring lesson from my exotics options days is that whenever someone makes you a true 10:1 digital market and the event attention is significantly outsized and also enduring you should buy the tail at a small size Sandy reinsurance Brexit Trump FTX claims Add ETH ETF"
X Link 2024-05-20T21:03Z [----] followers, [---] engagements
"The Memorandum of Decision for the #Genesis settlement came out three days ago and this recent court approval for creditor payout is historic and precedence setting - and worth taking a deeper look. First the case confirms a novel theory that you don't need to dollarize claims as of the petition date. That's highly unusual - bankruptcy rules generally require valuing creditor claims at the time Ch11 is filed. But Genesis argued to pay creditors the worth of assets as of distribution date of funds. #DCG relied on Bankruptcy Code section 502(b) which states that claim amount is dollarized as of"
X Link 2024-05-21T18:34Z 10.6K followers, [---] engagements
"When crypto vol resets abruptly the whole curve moves. It's incredible for spread trades- For example the ETH-PBUT-26JUL24-2900_3200_3500 costs 1% for a 9X payout essentially hedging a reversion to ETH px [--] days ago for the next [--] months. Positive theta hedge = asymmetric"
X Link 2024-05-22T14:55Z [----] followers, [---] engagements
"Yeah Ethereum ETF is cool but did you imagine same week - 🗽BIG News for our New York users - Bonk (BONK) is now available to NY residents on https://t.co/CD3RBjtMAO & in the Coinbase iOS & Android apps https://t.co/ksd89ftFP9 🗽BIG News for our New York users - Bonk (BONK) is now available to NY residents on https://t.co/CD3RBjtMAO & in the Coinbase iOS & Android apps https://t.co/ksd89ftFP9"
X Link 2024-05-24T22:54Z [----] followers, [---] engagements
"In [----] Girard Trust Company acquired The Corn Exchange Bank's Philadelphia branches and renamed itself Girard Trust Corn Exchange Bank. Its always been about the 🌽 in the US of A"
X Link 2024-05-26T17:46Z [----] followers, [---] engagements
"Though it seems we need to also update how the Childrens Museum teaches the concept of investing risk at the play bank. Lots of feelings about this one time for a crypto section @pleasetouch #BITCOIN"
X Link 2024-05-26T20:21Z [----] followers, [---] engagements
"You know youre flying to Consensus when the person in front of you is talking about the futures basis trade 50% margin requirements post ETF world and the girl behind you looks EDM ready in a Paxos T-shirt"
X Link 2024-05-28T15:20Z [----] followers, [----] engagements
"Learned this fact from an astute Bitwise client and @singularity7x: The first SEC chairperson appointed by FDR in [----] was Joe Kennedy who built his fortune with market manipulation and insider trading before it was illegal Makes you wonder in alternate world SBF could have too"
X Link 2024-05-29T03:57Z [----] followers, [---] engagements
"Imagine you gave $ to your child and said remember to deliver me the Apple I bought in [--] days Now imagine you said remember to deliver the Apple tomorrow Why would you ever think the latter have a higher fail rate Now imagine deliver the Apple now Meanwhile the SEC:"
X Link 2024-05-30T17:59Z [----] followers, [---] engagements
"💥MONTHLY NARRATIVES ROUNDUP With SOL ETH BTC there was a healthier dispersion of returns in May with the Top 3-5 narrative cohorts outperforming BTC. Memes categorically led the way followed by Oracles (except $PYTH) LSD L2 ($PENDLE) Identity ($ENS) and DEFI ($UNI)"
X Link 2024-05-31T20:08Z [----] followers, [----] engagements
"@DavidMcDou Peonies Im told they can take as long as 3-5 years to root. I was frankly shocked to see it survived"
X Link 2024-06-01T17:59Z [----] followers, [--] engagements
"Key Considerations for Running a Successful Trend Strategy in Bitcoin To run a successful trend strategy there are two main components: 1) signal generation (using trend filters) and 2) sizing. In practice CTAs (Commodity Trading Advisors) can enhance returns by using leverage (thus making futures more optimal than spot markets). The main feature of CTAs is not necessarily achieving the highest absolute return but rather moderately high and uncorrelated returns. So how do you do it successfully with #Bitcoin Some high level thoughts below👇"
X Link 2024-06-04T18:19Z 78.9K followers, [----] engagements
"Price Signals: EMA vs. SMA and Beyond Simple trend models focus on price data to create trading signals and forecasts which is what $BTRN does. For Bitcoin exponential moving averages (EMAs) are likely better suited than simple moving averages (SMAs). A pure SMA strategy can result in always being in the market even without a clear trend due to potential mean-reversion in the time series. EMAs give higher weighting to recent prices while SMAs assign equal weighting to all prices. Traders generally agree that new data better reflects current trends which is particularly relevant for Bitcoin."
X Link 2024-06-04T18:19Z 78.9K followers, [----] engagements
"Bitcoin as a Negative Theta Asset While the futures curve in Bitcoin reflects the typical contango Bitcoin's actual forward spot from a pure price expectation is typically in backwardation meaning the forward price is lower than the current spot price. This can be observed in the below graph by looking at the direction of the ATM spot at various points in the future. This contrasts with most traditional assets that tend to have a higher forward price due to carrying costs like storage or interest rates. The forward price is influenced by various factors including market expectations and"
X Link 2024-06-04T18:19Z [----] followers, [---] engagements
"By the way hows that $MSTR trade working out so far 1x1 spread below. Even if you beta hedged BTC to 2.5x still down 20% without including borrow costs for [--] months. Kerrisdale misunderstands the value accretion opportunities miners have to earn fee revenue outside of block rewards host AI applications and develop L2 revenue streams. Not to mention where we are in the bull cycle. Additionally they are misguided on the environmental impact Kerrisdale misunderstands the value accretion opportunities miners have to earn fee revenue outside of block rewards host AI applications and develop L2"
X Link 2024-06-05T18:23Z [----] followers, [----] engagements
"When I joined the MS trading desk I was given three books: Natenberg's Option Pricing and Volatility @jackschwager's Market Wizards and @nntaleb's Dynamic Hedging In hindsight these books not only honed my trading but also my ability to recognize the opportunities in crypto"
X Link 2024-06-10T18:40Z [----] followers, [----] engagements
"@martypartymusic @Tether_to Did the Europeans finally study the Eurodollars"
X Link 2024-06-11T00:28Z [----] followers, [---] engagements
"This package is now up 50% which while not astronomical in terms of options leverage is meaningful given it was -2% delta at inception. Now the delta is higher (2x) and more importantly positive theta is 3x and we are ATM on the long strike. It's all about path dependency. When crypto vol resets abruptly the whole curve moves. It's incredible for spread trades- For example the ETH-PBUT-26JUL24-2900_3200_3500 costs 1% for a 9X payout essentially hedging a reversion to ETH px [--] days ago for the next [--] months. Positive theta hedge = asymmetric When crypto vol resets abruptly the whole curve"
X Link 2024-06-11T12:30Z [----] followers, [---] engagements
"Do $BTC ETF flows predict future price A few quick charts using $IBIT as a proxy for BTC ETFs to run some quick exercises 👇"
X Link 2024-06-11T15:29Z [----] followers, [----] engagements
"Recently someone asked me "What do you like most about your job" I gave it considerable thought and while there are many reasons one stood out: at Bitwise we support entrepreneurs. It turns out that RIAs are indeed the startups of finance. With over [-----] RIAs managing $110 trillion in assets under management (AUM) only 7% manage more than $5 billion while 50% manage up to approximately $100 million in AUM. RIAs are the entrepreneurial "applications" that operate on top of the financial services infrastructure driving change with their agile client-first approaches. Like all startups these"
X Link 2024-06-12T15:32Z [----] followers, [----] engagements
"I didnt believe in the Heinsenberg Principle until I met @Matt_Hougan. Everywhere anywhere anytime all time. Truly physics defying. From our breakfast to CNBC to now here at the Coinbase Summit delivering more aha moments with exclusive intel from the Bitwise fronts"
X Link 2024-06-13T18:57Z [----] followers, [----] engagements
"@JasonYanowitz I love how you didnt need to note (bitwise) because there can only be the one and only"
X Link 2024-06-14T01:13Z [----] followers, [----] engagements
"Beautiful day in NYC for some mapping adventures"
X Link 2024-06-15T15:16Z [----] followers, [---] engagements
"@Darky999 long basic theorems in this household as a lifestyle- 🫡 Will revert with ordinals progress"
X Link 2024-06-15T20:49Z [----] followers, [--] engagements
"And you cant help admiring the Faberge eggs as cliche as it is"
X Link 2024-06-16T17:53Z [----] followers, [---] engagements
"The dining room from Lansdowne House from a former Prime Minister that the Met rebuilt rivals the Temple of Dendurs acquisition logistics"
X Link 2024-06-16T17:53Z [----] followers, [---] engagements
"@kenashe @resistancemoney Courtesy of intern at @vaneck_us"
X Link 2024-06-19T22:45Z [----] followers, [---] engagements
"Lots of people over the years have asked me why is South Korea still considered EM Though recently less as more Americans understanding how the US might also be on the path to becoming one as well. Wen $AAPL in $EEM South Korea remains classified as an emerging market by MSCI as expected after a short-selling ban countered efforts by the country to get upgraded to developed status https://t.co/4TKzCZzCnj South Korea remains classified as an emerging market by MSCI as expected after a short-selling ban countered efforts by the country to get upgraded to developed status https://t.co/4TKzCZzCnj"
X Link 2024-06-20T21:53Z [----] followers, [---] engagements
"The most insightful question in the Cayman Islands AML/Sanctions Training test is:"
X Link 2024-06-21T21:18Z [----] followers, [----] engagements
"I got some heat initially for suggesting a downside hedge idea upon the ETH approval news but - the below package is now 2.24x initial cost and more importantly + theta is now a whopping 5.6x since inception. By doing nothing the gains will accelerate over the next month. When crypto vol resets abruptly the whole curve moves. It's incredible for spread trades- For example the ETH-PBUT-26JUL24-2900_3200_3500 costs 1% for a 9X payout essentially hedging a reversion to ETH px [--] days ago for the next [--] months. Positive theta hedge = asymmetric When crypto vol resets abruptly the whole curve"
X Link 2024-06-24T11:54Z [----] followers, [---] engagements
"Will be live tweeting Gary Gensler from Bloomberg Summit 👇"
X Link 2024-06-25T18:11Z [----] followers, [----] engagements
"#Crypto: Outside of ETPs crypto use non-compliant rails and many are securities - offered in investment contract schemes - and American public not getting proper disclosure. Re ETH spot ETF I dont know the timing but it is going smoothly"
X Link 2024-06-25T18:22Z 31.9K followers, [---] engagements
"Intermediaries are highly centralized around a few platforms commingling things we would never allow anywhere else Keeps hammering people are in jail or will be in jail not living within scope of Bank Secrecy Act or Commodities Exchange Act"
X Link 2024-06-25T18:25Z 28.2K followers, [---] engagements
"I really do love Bloomberg but this is literally a potential free lunch for @TheTieIO @MessariCrypto @TheBlock__ @CFBenchmarks @artemis__xyz or anyone else interested in tapping into crypto portfolio simulator as a service add-on"
X Link 2024-06-26T02:58Z [----] followers, [---] engagements
"In [----] the line between strategic patience and willful neglect got thinner and clearer for considering an allocation to crypto. It was an honor to represent crypto at Institutional Investor and a special privilege to experience it with my wonderful colleagues at Bitwise. Many know Bitwise for our index products. Newer and not as widely known Bitwise's Head of Alpha Strategies @dgt10011 leads an exceptional team focused on alpha. Jeff is brilliant modest curious and kind. So happy to see him recognized as one of Institutional Investor's https://t.co/NDG7k2AGFR Many know Bitwise for our index"
X Link 2024-06-27T10:55Z [----] followers, [----] engagements
"In the 2000s Blackstone KKR Apollo and Carlyle were all roughly the same size same prestige same product - Today $BX is 150Bn $KKR is 100Bn $APO is 70Bn $CG is 15Bn Remarkable difference in capital market solutions investor base differentiation and ultimately leadership"
X Link 2024-07-01T22:40Z 68.1K followers, [----] engagements
"TLDR: there's two takeaways 1) ETH can be a valuable diversifier to a modern technology portfolio and should be considered for its empirical merits in a liquid portfolio 2) Always make sure to finish Matt's memo You never know what he'll drop on the few last sentences. :)"
X Link 2024-07-03T00:54Z [----] followers, [---] engagements
"This week alone harbingers of transformative shifts- Ethereum enabling internet-native money transfers via Stripe Circle Solana Blinks enabling native social ecommerce via Paypal X "What about real-world utility" is the 'private blockchain' of 2024: soon obsolete"
X Link 2024-07-03T15:34Z 11.8K followers, [---] engagements
"Happy 4th of July USA In these times of national dysfunction remember what #Bitcoin can be unburdened by what it has been - for the community banks in the community where we understand the community the capacity of community - by the significance of the passage of time"
X Link 2024-07-04T12:15Z [----] followers, [----] engagements
"My favorite book I read in Q2 [----] is a surprisingly heartfelt story with an unlikely AI protagonist that Ishiguro dedicated to his own mother who passed away in [----] Rooms within rooms within roomswouldnt there always be others youd not yet entered Movie coming via Sony"
X Link 2024-07-08T02:20Z [----] followers, [---] engagements
"@jvs_btc @glassnode @CMEGroup Nice That definitely caught my eye too as well as below. Even though futures trading volume hasn't surpassed [----] peak (which may be a surprise to some) clear in options world both OI and volume making clear new highs"
X Link 2024-07-09T13:22Z [----] followers, [---] engagements
"Major integration with Stellantis brands starting with Peugeot Opel and Vauxhall vehicles in [--] European markets getting SoundHound Chat AI starting today. Up 25%. Find "Value" in AI. Baupost taking a stake in $SOUN at 30x revenue was not on my Q1 13F bingo card Intriguing. What other fun nuggets did you find in the latest rounds Baupost taking a stake in $SOUN at 30x revenue was not on my Q1 13F bingo card Intriguing. What other fun nuggets did you find in the latest rounds"
X Link 2024-07-11T14:59Z [----] followers, [---] engagements
"Hypothetical 13Fs for ETH ETF in 3Q [----] Coatue Light Street Capital Group's New Economy Fund American Fund's Growth Fund of America Fidelity Disruptive Technology ETF These buyers originally excluded from BTC ETF are mandated to consider Ethereum's next-gen tech potential🌊"
X Link 2024-07-12T18:35Z [----] followers, [----] engagements
"Giving feedback is a lot like Bitcoin It has to be credibly neutral otherwise the bias negates authenticity and the recipient will fork It needs to be censorship-resistant as only uncensored feedback is truth And it must be scarce so as to determine that it's indeed valuable"
X Link 2024-07-15T21:04Z [----] followers, [---] engagements
"According to @Reuters BoJ data released on Tuesday suggested Tokyo may have spent [----] trillion yen ($13.5 billion) intervening on Friday last week. Combined with Thursday Japan is suspected to have bought nearly [--] trillion yen via intervention last week. All for naught"
X Link 2024-07-16T12:49Z [----] followers, [----] engagements
"@ggcripto @Reuters Too bad they didnt buy $30bn of BTC at $58k instead. 3d chess so hard"
X Link 2024-07-16T12:56Z [----] followers, [--] engagements
"Excellent summary of latest PoS total return landscape comparing ETH to ATOM models and why potential slashing at Eigenlayer is a more complicated subject than initially meets the eyes Also it's written by a bad kid so you know it has to be good :) Restaking is used by many ecosystems today. The benefits it brings are universally shared but the risks differ by approach. In my new report I cover the restaking models of EigenLayer and replicated security and outline the unique risks of each. 🧵👇 https://t.co/eDE6L0Jv6p Restaking is used by many ecosystems today. The benefits it brings are"
X Link 2024-07-16T17:16Z [----] followers, [---] engagements
"@SkyTradeNetwork @0xsky404 @PaulTaylorVC @winifredatwell @0xOpiner 🙌 Need Harry Macklowe as an angel investor"
X Link 2024-07-16T17:37Z [----] followers, [--] engagements
"2y10y narrowing out of inversion via front end- But Trump also likes tax cuts and tariffs. Think back end will also have to start pricing revolts. Could escape inversion quickly after two long years"
X Link 2024-07-17T12:53Z [----] followers, [----] engagements
"While the CCP commences its third plenum described as "epoch-making" HKMA issues updated regulatory framework to bring stablecoin adoption with several sandbox participants including Standard Chartered and HK Telecom You can bet the USA is monitoring closely details like:"
X Link 2024-07-18T13:15Z [----] followers, [---] engagements
"One of the most comprehensive list of crypto-specific factors I have seen- But which ones really matter 👀"
X Link 2024-07-18T16:23Z [----] followers, 11.9K engagements
"We know BTC trends hard but how to extract alpha remains the stuff of legends. So I wanted to share one of my favorite SSRN papers from @quantpedia titled "Seasonality Trend-following and Mean reversion in Bitcoin" that provides a simple DIY that doesn't even need excel. 🧵👇"
X Link 2024-07-19T20:19Z [----] followers, [----] engagements
"The majority of crypto trend research focuses on oscillaors like moving averages - sometimes volume based sometimes volatility based. Throw in reversal patterns breakout patterns etc But what about simply using BTC's maximal or minimal price data over various lookback days"
X Link 2024-07-19T20:19Z [----] followers, [---] engagements
"And since both MIN and MAX strategies are mutually exclusive as you cannot be both at the MIN and the MAX simultaneously you can then model a return stream that COMBINES both strategies. The results are compelling"
X Link 2024-07-19T20:19Z [----] followers, [---] engagements
"This research hasn't been updated since [----] but my instinct is that this continues to hold well and would have been exceptional in [----]. Counterintuitive yes - but now you know a piece of real alpha: in crypto it's not Buy low Sell high. It's Buy high and Sell higher"
X Link 2024-07-19T20:19Z [----] followers, [---] engagements
"That's because US investment pros keep forgetting #BTC is a global asset. Bitcoin's strongest correlation is global liquidity. Sure US rates matter at some level - but the gray box is hiding recent rate cuts from Canada Switzerland ECB. Global liquidity finds global asset I cant count the number of times Ive had financial advisors & investment professionals tell me that Bitcoin only thrives in low-interest-rate environments The fact that we are near ATH while rates are the highest theyve ever been in Bitcoins lifetime is incredibly bullish. I cant count the number of times Ive had financial"
X Link 2024-07-20T01:08Z [----] followers, 12.1K engagements
"I recently found this picture and was shocked by how radiant President Bidens smile was how clear his eyes used to be Despite policy errors and incompetent company the person has always been compassionate humble and proudly American History will remember him as a true hero"
X Link 2024-07-21T20:59Z [----] followers, [---] engagements
"And what a unique crypto-first principle that ETFs also allows institutional investors to access the market as same term as retail investors- Ultimate fairness because flows work both ways. Love crypto ETFs are beautiful. Their great promise is to allow everyday investors to access the market on the same terms as the largest institutional investors in the world. It's what we all deserve. We are seeing that in force again today. ETFs are beautiful. Their great promise is to allow everyday investors to access the market on the same terms as the largest institutional investors in the world. It's"
X Link 2024-07-23T12:53Z [----] followers, [---] engagements
"The God-given right of Americana to have my affordable French fries is being taken away by the devil of inflation @teddyfuse experienced this on the front line recently and paid a price for it Patriots must buy $LW on the dip and support our potato economy"
X Link 2024-07-24T16:31Z [----] followers, [----] engagements
"Day [--] $BTC ETF flows (ex GBTC) = $750MM Day [--] $ETH ETF flows (ex ETHE) = $590MM"
X Link 2024-07-24T21:03Z 76K followers, 35.5K engagements
"@StockMKTNewz No potatoes at chipotle Makes sense"
X Link 2024-07-24T22:24Z 68.1K followers, [---] engagements
"3rd asset is Chainlink No $SOL lol Cant wait for Berachain Breaking: Crypto has a S&P500 and its called the NCI. Issuers are registering ETFs against this index. This is the equivalent of the SPY but for crypto. https://t.co/KkD53TSWRR Breaking: Crypto has a S&P500 and its called the NCI. Issuers are registering ETFs against this index. This is the equivalent of the SPY but for crypto. https://t.co/KkD53TSWRR"
X Link 2024-07-25T00:38Z [----] followers, [---] engagements
"1 day from expiry and couldn't have imagined a better set up - up 700%+ theta 220x spot at [----] with max payout at [----]. Sometimes a little luck helps but it's all about the conviction to hold. Looks like we overshot still sitting pretty at 2.5x initial cost same 5x theta but- Now long 3.5x delta short 2x vega transforming into an upside hedge for next [--] weeks Love the setup https://t.co/6sP6juAIsr Looks like we overshot still sitting pretty at 2.5x initial cost same 5x theta but- Now long 3.5x delta short 2x vega transforming into an upside hedge for next [--] weeks Love the setup"
X Link 2024-07-25T12:18Z [----] followers, [----] engagements
"In behavioral economics we call this Hindsight Bias or the tendency to see events as having been predictable after they have already occurred- Its so important to engage in perspective-taking as an asset manager All successful innovations start at 3% 1/33 is meaningful"
X Link 2024-07-26T02:24Z [----] followers, [----] engagements
"Infinite garden dreams"
X Link 2024-07-27T16:45Z 44.3K followers, [---] engagements
"There is simply nothing more bullish for crypto alpha than the SEC dropping bid to classify tokens like SOL and others as securities This will help correct the massive oversupply of private capital in crypto landscape and slowly move them to liquid crypto Next is custody rule"
X Link 2024-07-30T22:00Z [----] followers, [----] engagements
"Instead I want to focus on the relational data front. On that the paper firmly establishes the sign matrices as follows as a starting point: ➕conventional risk premium shock = 2y yield & BTC px & SPX px ➕monetary policy shock (contractionary) = 2y yield & BTC px & PSX px ➕crypto specific demand shock = ❓2y yield & BTC px & ❓SPX px"
X Link 2024-08-02T00:56Z [----] followers, [--] engagements
"To unpack the crypto specific demand a unique intuition employed here is via stablecoins. The model assumes changes in stablecoin mcap as safe havens vs crypto asset returns can help differentiate risk premia vs adoption shocks - ie: ➕adoption shock = stablecoin mcap & BTC px ➕risk premium shock = stablecoin mcap & BTC px I find this really interesting (and also challenging)"
X Link 2024-08-02T00:56Z [----] followers, [---] engagements
"The study assumes stablecoin outflow as risk off because Treasuries are ultimate safe havens - that posiive conventional risk premium shock leads to stablecoin outflows. But interesting to imagine a world where that might not be so in the future. Extreme tail risk premium type stuff where stables Treasuries one day"
X Link 2024-08-02T00:56Z [----] followers, [--] engagements
"Equally intriguing is that the universe used is USDT + USDC given they represent 90%+ market. But what if the choice between two itself represents a risk trade off Is it worth deconstructing USDT and USDC flows separately"
X Link 2024-08-02T00:56Z [----] followers, [---] engagements
"In truth its not the US that needs a Bitcoin strategic reserve fund That countys name starts with J and rhymes with a scam According to @Reuters BoJ data released on Tuesday suggested Tokyo may have spent [----] trillion yen ($13.5 billion) intervening on Friday last week. Combined with Thursday Japan is suspected to have bought nearly [--] trillion yen via intervention last week. All for naught https://t.co/Q2dvhfUa6Z According to @Reuters BoJ data released on Tuesday suggested Tokyo may have spent [----] trillion yen ($13.5 billion) intervening on Friday last week. Combined with Thursday Japan is"
X Link 2024-08-02T02:04Z [----] followers, [---] engagements
"Feels to me equities will keep falling for a few more days. Monday feels a little scary tbh"
X Link 2024-08-02T16:55Z [----] followers, [----] engagements
"@HHorsley Might need a new TARP one that puts Tether's $10bn+ profits to use which is US taxpayer funded in a much more direct way the Tether Accelerated Repurchase Program"
X Link 2024-08-02T17:14Z [----] followers, [---] engagements
"Institutions are not necessarily scared of non-custodial solutions to hold assets. They utilize those all the time for private securities credit risk transfers reinsurance etc- What they are scared of is the idea of liquid non-custodial solutions. Scared of themselves"
X Link 2024-08-02T21:14Z [----] followers, [---] engagements
"On days like today when everything is unbearably red I rediscover @berachain for all its honey jar then hibernate in peace"
X Link 2024-08-03T01:26Z [----] followers, [----] engagements
"@santiagoroel True though has interesting implications for $COIN beta in future. Possible the neg rates beta neutralizes the pos crypto beta given the historic negative correlation between the two"
X Link 2024-08-03T22:16Z [----] followers, [---] engagements
"When this selling phase concludes the rebound will be so powerful so swift and so anticipated that you will find yourself both astonished and unsurprised. Just wait then wait some morethen act swiftly"
X Link 2024-08-04T17:47Z [----] followers, 52.8K engagements
"@zerohedge Every Japanese company needs to announce ASAP they are going to buy #BTC on their balance sheet. Now a matter of national duty not pride"
X Link 2024-08-05T00:30Z [----] followers, 18.8K engagements
"Well turns out scary was right- Short IWM / Long XLP Long SPLV / Short SMH Long copper / Short MXN Take note stay vigilant (watch KRE EUR oil) and let's run for it"
X Link 2024-08-05T11:05Z [----] followers, [---] engagements
""Wen printer" is going viral again. "Soon" surface pundits say. But this time it might actually be different. We're not going to get emergency cuts (at least based on credit spreads). Let me explain (and why the set up for $BTC is unbelievably powerful) - The GFC of [----] was squarely the fault of US negligence. COVID [----] was the fault of God so no one to blame. In each case there was either a clear perpetrator or none that made policy action easier to justify so came swift action- But this current spiral of [----] is seemingly led by Japan which from the US perspective requires an"
X Link 2024-08-05T12:43Z [----] followers, 28.9K engagements
"@Andre_Dragosch JPY strength more likely because BoJ raised rates for only the second time since the last [--] years and signaled more to come Agree US data was known for a long time. The world no longer has a zero-rate lender. The mythical power of the $ been challenged is the tail risk"
X Link 2024-08-05T15:35Z [----] followers, [---] engagements
"It takes more than one day to unwind the greatest carry trade in the world Also if there are actual substantiation that pull forward US rate cuts narrowing the interest differential even further- You can bet all your dogcoins deleveraging is going to accelerate not decelerate"
X Link 2024-08-06T00:35Z [----] followers, [----] engagements
"Honored to host @SalehaMohsin @resistancemoney to explore the conventional role and properties of money through the historical lens of the dollar's weaponization since the early 1900s If Bretton Woods was the Dollar's "coronation" what will Bitcoin's be Tune in to find out Amidst this market volatility the global role of dollar has been put back on center stage. Meanwhile Bitcoin is completely changing the notion of money in more ways than people realize Saleha Mohsins Paper Soldiers and Andrew Baileys Resistance Money are two must-reads https://t.co/o5UprxxgHJ Amidst this market volatility"
X Link 2024-08-06T13:46Z [----] followers, [----] engagements
"It's just [--] day (and also noisy given create/redeem flexibilities) but- On days like yesterday where ETH ETF flows are + BTC ETFs are - I do wonder if ETH buyers are actually different: non-crypto native investors that buys ETH dips alongside MAG7 high growth and AI instead"
X Link 2024-08-06T15:55Z [----] followers, [----] engagements
"@internetcapita_ Exactly. I had a small suspicion already but then I got more confirmation when I observed the difference between the people that showed up to Bitwise's NYSE BTC ETF Bell Ringing Ceremony vs the ETH Ceremony. Different people different energy - even in Tradfi"
X Link 2024-08-06T16:06Z [----] followers, [---] engagements
"If you bought $10000 worth of $PTON on May [--] [----] when it was pitched by an expert stock picker at the Sohn Conference it would be worth: $340 today If you bought $10000 worth of $BTC on the same day by the recommendation of apes it would be worth: $10250 today"
X Link 2024-08-07T17:36Z [----] followers, [----] engagements
"Bretton Woods era (1940s-1970s) In the 1960s The Fed established reciprocal currency swaps with BoE Budesbank Bank of France Italy etc. to defend their respective fx pegs. It estimated that it reached as high as $8bn in swaps (which might be around $70bn today). The accumulation of dollars abroad put pressure on US gold reserves. Then in the 70s the Smithsonian Agreement was struck to allow Fed Bundesbank BoJ to intervene in FX markets and use swap lines to unsuccessfully maintain parities after the suspension of the gold convertibility ultimately leading to its collapse and free float"
X Link 2024-08-08T01:05Z [----] followers, [----] engagements
"Sterling Crisis (1960s) When capital controls were removed in the 1960s the BoE came under attack several times. In 1966-7 BoE received swap lines and loans from the Fed Bank of International Settlements and other central banks to defend the pound though that eventually failed as we all know. Fun fact then that BoE started to manipulate its reserve figures to impress their standing. See graph below - the solid line represents convertible reserves as published by the BoE and the stacked column shows the actual daily dollar reserves. The spikes show they were using short-term repos to report on"
X Link 2024-08-08T01:05Z [----] followers, [----] engagements
"Asian Financial Crisis (1990s) During the AFC in [----] BoJ provided bilateral currency swaps to various affected countries. It was called the Miyazawa Initiative and included both bilateral swap agreements with South Korea Thailand etc providing Japan's dollars. Half of the $30bn package was for "short term loans" for immediate liquidity via bilateral swaps and the other half was "long-term assistance" designated for mostly concessionary purposes"
X Link 2024-08-08T01:05Z [----] followers, [----] engagements
"@santiagoroel look at where stablecoin ranks from the GS digital assets survey - theres alpha here"
X Link 2024-08-09T17:18Z 12.6K followers, [---] engagements
"Today feels like a great day to own ETH vol Lowest spot/vol corr since the beginning of the year AND lowest VRP since the beginning of the year Market giving you sticky strike regime amidst a potential breakout world The kind of thing that doesn't happen in TradFi very often"
X Link 2024-08-09T18:09Z 12.6K followers, [----] engagements
"Ethena x Solana is literally a match made in heaven. Proof of love"
X Link 2024-08-09T18:32Z 12.5K followers, [----] engagements
"The interest burden of the debt is at what I would call normal historical levels. - Janet Yellen (born in 1946) Ah it makes perfect sense now. Normal is WWIII. Buy #Bitcoin"
X Link 2024-08-11T13:47Z 12.6K followers, 16.6K engagements
"X/Twitter needs a Layer 2"
X Link 2024-08-13T00:25Z 12.6K followers, [---] engagements
"Todays CPI print feels like a net negative/neutral to Bitcoin. Rate cut is still likely but with less probable severity. Also not a good sign with Kishida pulling a Biden last night. Top contenders Ishiba is pro domestic consumption growth and Kono supports rate hike"
X Link 2024-08-14T14:35Z 12.6K followers, [----] engagements
"@SplitCapital Agree with this. Some of my view for BTC specifically is based on my high level belief that BTC in a ceteris paribus environment is inherently a negative theta asset; ie natural state is grind down except for when exogenous variables are introduced via unexpected liquidity shocks"
X Link 2024-08-14T14:52Z 12.6K followers, [---] engagements
"Feels like $WLD should rally here if SSN leak is real investigated then escalates"
X Link 2024-08-14T23:04Z 12.5K followers, [----] engagements
"@m0foundation @sparkdotfi @g_dip @MakerDAO Compelling"
X Link 2024-08-14T23:59Z 12.6K followers, [---] engagements
"Violent move up incoming"
X Link 2024-08-15T21:52Z 12.5K followers, 16.9K engagements
"LIVE from Super Smash $PARA SCOOP with @jtoonkel: Media executive Edgar Bronfman Jr. is preparing a bid for Paramount Global and National Amusements that could come together in the coming days. He's talking to possible backers including Hollywood producer Steven Paul. $PARA https://t.co/SaZGGnsXI3 SCOOP with @jtoonkel: Media executive Edgar Bronfman Jr. is preparing a bid for Paramount Global and National Amusements that could come together in the coming days. He's talking to possible backers including Hollywood producer Steven Paul. $PARA https://t.co/SaZGGnsXI3"
X Link 2024-08-15T23:37Z 12.4K followers, [----] engagements
"@WClementeIII 💯 Ken griffins 240mm condo = 200mm MP and 40mm RE. That 200mm is coming straight to Bitcoin in [--] years. Now do that math for all of the worlds trophy properties. Putting the real back in real estate"
X Link 2024-08-16T01:58Z 12.6K followers, [----] engagements
"Great call @Shiretowndown - I consider MKR to be exceptional and in fact a beacon of hope to successfully apply "value" investing. Watching it navigate the stability fee mechanics back in March and also now with wBTC are truly heroic stuff - but more of an exception than majority. Also think highly of @RyanWatkins_ and team. For related reasons I also really like @m0labs"
X Link 2024-08-16T17:37Z 12.6K followers, [---] engagements
"@Shiretowndown @0xmaxg @stevencook_ @RyanWatkins_ @WilsonWithiam @HighCoinviction @SyncracyCapital @MakerDAO Oops - retagging @m0foundation"
X Link 2024-08-16T17:49Z 12.6K followers, [---] engagements
"@chrisrussi Yep some juicy liquidations there post small walls [-----] and [-----] and were 🔥"
X Link 2024-08-16T19:58Z 12.6K followers, [--] engagements
"@syoddz This is 100% true. Asian parents first words are you didnt study hard enough - but thats also because they assume tests are about knowledge. American tests are well not about knowledge at the highest echelon. Thats what shapes this divergence in culture IMO"
X Link 2024-08-17T15:09Z 12.6K followers, [---] engagements
"@ballmatthew Great write up super helpful though gotta at least mention the class action lawsuits re child labor and gaming externalities. Those are left tail high severity events like it was in China gaming"
X Link 2024-08-18T21:52Z 12.6K followers, [----] engagements
"The more I think about AI going open source the more it makes sense even from a Ricardian principles perspective. Stealing patents via espionage is easy when you just have to copy/paste. Tencent Fujian Yuanchun biotech value extraction is fairly instrumental. Much harder when PhDs dont even quite know how they created what they created - never mind the $1tn+ capex investment needed via multilateral trade partners By the way good luck making sense with that tone-driven morpheme Chinese language of yours"
X Link 2024-08-19T13:10Z 12.5K followers, [---] engagements
"This is yet another reminder that crypto is borderless- That clients are global Desire for knowledge unbounded Teamwork transnational One asset class for one world by one dream team Were excited to share that Bitwise has acquired ETC Group the London-based digital asset manager and creator of Europes largest physical Bitcoin ETP (BTCE). The acquisition deepens our industry-leading suite of crypto products and brings Bitwise clients access to global https://t.co/RTSrrokBo3 Were excited to share that Bitwise has acquired ETC Group the London-based digital asset manager and creator of Europes"
X Link 2024-08-19T13:47Z 12.6K followers, [----] engagements
"US Jobs revised down 818k second worst revision in US history Fed Jackson Hole meeting starts tomorrow Election year I like the set up"
X Link 2024-08-21T16:55Z 12.6K followers, [----] engagements
"Two years ago SALT/FTX Bahamas captured the spirit of crypto at the time: offshore haven casinos Katy Perry & tourists As I leave SALT/Kraken today its hard not to admire the stark difference in Wyoming: rugged individualism resilient pioneers and American self-sufficiency"
X Link 2024-08-22T17:43Z 68.5K followers, 25.1K engagements
"@jvs_btc @CryptoSlate @CoinDesk 🔥🚀 congrats"
X Link 2024-08-27T21:06Z 12.3K followers, [---] engagements
"1/ This was hands down the best crypto conference I attended in [----]. @SALTConference and @krakenfx with Univ of WY put on a symposium that only Jackson could do: nestled beneath the towering Tetons a beacon of self-sufficiency that shaped resilient pioneers. 🧵 (h/t: JD) Were excited to see Bitcoins renaissance. Our Head of Alpha Strategies and Portfolio Manager @dgt10011 reflected on Wyomings innovative crypto regulation and energy policy and how it can serve as a model for the nation during the Wyoming Blockchain Symposium hosted by https://t.co/94U4aVlYPj Were excited to see Bitcoins"
X Link 2024-08-28T22:20Z 10.6K followers, 39.5K engagements
"2/ I don't want to entirely rehash the article because there's too many Easter eggs in it - but I will call out a few memorable encounters: Wyoming via the state's Special Purpose Depository Institution (SPDI) charter has been a long time supporter of digital assets. No one knows this better than @CaitlinLong_ a Wall Street exec who happens to also be a Wyoming native. TLDR: To understand Wyoming X Crypto is to understand Caitlin. If there is one thing to understand the moment it is learning her story"
X Link 2024-08-28T22:20Z 12.5K followers, [---] engagements
"3/ The other maverick hero is @SenLummis. She confirmed that the pro-crypto SAB [---] resolution and FIT21 were pivotal moments shifting the legislative gravity. Comprehensive crypto legislative bill passing this year is not out of the cards with sincere bipartisan support"
X Link 2024-08-28T22:20Z 12.4K followers, [---] engagements
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