Short-term price action was bearish this last week. Broader economic issues remain with COVID-19 making a come back in the US. Doubtless, the FED et al will respond with further ‘stimulus measures’.Whether this bearishness turns into a full-blown retracement remains to be seen. Nonetheless, the conditions could scarcely be better for the long term value proposition that is BTC. Comment
Picks of the Week
Above all - Ray Dalio on the building blocks of an economy. This podcast discussing why BTC’s moment has arrived. While you are at it - this podcast outlining the inevitable and serious monetary debasement of current central bank policies. If you only have two minutes - this short explanation of why BTC matters as a vehicle of freedom. Finally, don’t miss this Jeff Booth interview on tech, deflation and Bitcoin.
Could there be a guiding trend here? (recommended):
https://twitter.com/100trillionUSD/status/1273597320500830209
This ‘recovery’ differs fundamentally from previous economic cycles:
https://twitter.com/krugermacro/status/1273805850012979201
The fulfillment of a ‘sly hope’ - BTC:
https://twitter.com/matthewryancase/status/1275522087738675200
Dismissing BTC doesn’t have a great track record:
https://twitter.com/btccultmember/status/1275482508377931777
A roundabout but compelling BTC thread (highly recommended):
https://twitter.com/hemre_j/status/1275555148450971655
A thought before you go chasing DeFi projects/yield (recommended):
https://twitter.com/GordonBuckley3/status/1273562384267796480
Yield farming - details matter:
https://twitter.com/BlockEnthusiast/status/1275552820469653513
Articles
BTC - hated by corrupt regimes the world over (highly recommended)
https://www.forbes.com/sites/tatianakoffman/2020/06/13/why-bitcoin-is-a-silent-protest-against-corrupt-governments-everywhere/#1bec3eb83542
Blockchain analysis insights (highly recommended):
https://blog.chainalysis.com/reports/bitcoin-market-data-exchanges-trading
Making a contribution to BTC core - a journey (recommended):
https://medium.com/@rajarshi149/from-hello-world-to-bitcoin-core-dd233ce99f72
Arguing that layer two will take much of the friction from using BTC:
https://cointelegraph.com/news/layer-2-will-make-bitcoin-as-easy-to-use-as-the-dollar-says-kraken-ceo
The global economy needs BTC:
https://medium.com/in-bitcoin-we-trust/hard-money-like-bitcoin-is-essential-to-stabilize-the-world-economy
Yield farming and liquidity (recommended):
https://tonysheng.substack.com/p/beware-illiquid-markets-lessons-from
Crypto options market looks set to continue to grow:
https://insights.deribit.com/market-research/why-crypto-options-explaining-growth-and-anticipating-trillions/
Same old same old - more printing:
https://mises.org/wire/why-new-economics-just-boils-down-printing-more-money
Podcasts
A wide-ranging discussion on BTC’s value proposition (highly recommended):
An analysis of current monetary debasement practices and the likely outcome of such policies (highly recommended):
YouTube
BTC matters for human rights - two minutes (highly recommended):
https://twitter.com/gladstein/status/1275901917579763712
A useful intro to Bitcoin for your nocoiner friends/relatives:
Jeff Booth on technology/deflation and BTC (highly recommended):
DeFi - a basic explanation:
A bullish take on Ethereum (recommended):
Comparing EOS to Eth 2.0:
First principles -Ray Dalio on the economy - 6 years old and just as relevant today (highly recommended):
https://www.wix.com/dashboard/fcab5df7-1b1a-41fc-a81c-a8c2f099b73b/home
Infographics
Indeed:
https://twitter.com/BTCSchellingPt/status/1273559801054654465/photo/1
Now you know:
https://twitter.com/dmihal/status/1274322585182965762/photo/1
Website / Utility
An excellent Bitcoin resource - covering a wide -range of mediums/formats (highly recommended):
I learned a lot this week - funny thing - I learned a lot the week before too. Until next week. As always looking forward to your comments and suggestions.
