The Stagflation Scenario

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

Links

• April pending home sales hit lowest level since start of pandemic (https://www.cnbc.com/2024/05/30/april-pending-home-sales-fall.html)

• This morning’s revised data show the gov’t is basically “buying” GDP w/ debt, but getting only 50 cents on the dollar - worst deal ever… (https://x.com/RealEJAntoni/status/1796167845740490954)

• United States M2 Money Supply is now positive YoY for the first time since November 2022. (https://x.com/CarlBMenger/status/1795797889433678014)

• Germany’s industry in decline - a giant is falling \ stacker news ~econ (https://stacker.news/items/552124)

• SEC approves rule change to allow creation of ether ETFs (https://www.cnbc.com/2024/05/23/sec-approves-rule-change-to-allow-creation-of-ether-etfs.html)

• Ethereum ETF to Get 20% of Bitcoin ETF Flows (https://coinxposure.com/ethereum-etf-to-get-20-of-bitcoin-etf-flows.html)

• As crypto cash floods Washington, Congress eyes gentler regulations - The Washington Post (https://www.washingtonpost.com/business/2024/05/25/crypto-lobbying-politics-washington/)

• President Biden Announces Presidential Delegation to the Republic of El Salvador to Attend the Inauguration of His Excellency Nayib Bukele | The White House (https://www.whitehouse.gov/briefing-room/presidential-actions/2024/05/29/president-biden-announces-presidential-delegation-to-the-republic-of-el-salvador-to-attend-the-inauguration-of-his-excellency-nayib-bukele/)

• Biden campaign ramps up crypto industry outreach in surprising tone ‘shift’ | The Block (https://www.theblock.co/post/297504/biden-campaign-shifts-crypto-stance-engages-crypto-industry-presidential-elections-2024)

• faradayfedora’s Shakepay Link (https://shakepay.me/r/LAPWVE7)

STUDY: The Personality and Motivational Characteristics of Bitcoiners

• 🧡 Bitcoiners tend to be intellectually curious and emotionally stable

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

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

• Saifedean Ammous on why Bitcoin is Finical Gunpowder (https://x.com/denverbitcoin/status/1794783675831455997)

Music

• Tip Toe by Jack Holliday (https://podcastindex.org/podcast/6917119)