Fred ₿ 🍻

Tokens have a long history on Bitcoin. From Colored Coins to Counterparty to Ordinals, Bitcoin has been experimenting with tokenization before Ethereum and most blockchains even existed.

Price Increases over last 5 years... New Cars: +20% Groceries: +26% Family Health Insurance: +27% Shelter: +29% Restaurants: +30% Home Prices: +37% Electricity: +39% Dozen Eggs: +39% Gas Utilities: +42% Gasoline: +42% Transportation: +43% Auto Insurance: +58% Fuel Oil: +63% Ground Beef: +68% Coffee: +105%

While April CPI inflation rose to 3.8%, inflation is much higher in many basic necessities: 1. Energy Commodity Inflation: +29.2% 2. Gasoline Inflation: +28.4% 3. Airfare Inflation: +20.7% 4. Energy Inflation: +17.9% 5. Electricity Inflation: +6.1% 6. Fruits and Vegetables Inflation: +6.1% 7. Hospital Services Inflation: +5.5% 8. Motor Vehicle Repair Inflation: +5.1% 9. Apparel Inflation: +4.2% This has driven cumulative inflation since 2020 to +29%, meaning goods that cost $100 in 2020 now cost $129 today. Inflation remains a major issue for Americans.

The US bond market crisis is intensifying. While everyone is focused on AI and the Iran War, the US bond market is in a complete meltdown. The 30Y Yield is now above 5.00% and the 10Y Yield is nearing the pivotal 4.50% level, which resulted in President Trump's "90-day tariff pause" in April 2025. Long-term yields are now ABOVE levels seen prior to Fed rate cuts in another brutal reminder that the Fed can not contain the long-end of the yield curve. At the current pace, we will likely see US mortgage rates rise back above 7.00% this year. The question then becomes: How much longer can markets (or the US government) ignore the yield crisis? And, who folds first?

Last night’s CLARITY Act markup would unlock the next wave of Digital Capital, Digital Credit, and Digital Equity in the U.S. and globally — institutional validation for $BTC, a framework for $STRC -powered digital yield markets, and broader adoption of $MSTR.