Our Fave Ponzi…
We want to quickly touch on our favorite Ponzi Scheme. When a Ponzi makes a new all time high, you want to buy it. However, you need to be careful as it may be a trap. Look at the red circle, that was a trap. It sucked in the last few baggies on the highs,…
June 9, 2024, Vol. 180
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Our thoughts on Gold vs. Bitcoin
We picked a hell of a week to head to Cayman as MENA lit up…again. With headlines dominated by Israel we took a look at our themes dominated by long chaos and inflation and feel comfortable headed into what should be a contentious election year. Since gold was top of mind all week, we kept…
Bitcoin Flows
And since we are on the topic of passive flows and reflexivity, we figured we’d note the massive passive flows picking up in BTC-linked ETFs. Front-running ETF-like flows has been a recurring theme in KEDM back in 2020 with GBTC (BTC) and again in 2021 with SPUT (uranium). This time we come back to well…