Dr. T
835 posts
Dr. T
@RealFastMD
Physician, Pharma/Biotech CEO/CMO, Healthcare VC, Car addict, Dogs over people
MSTR only down 1.5% YTD; IBIT down 15%
Bitcoin has continued to search for a bottom, and I still think that the $60k is a good place to look. We may well undercut it at some point, but based on the power law support line and the gold/Bitcoin ratio, I believe that level should act as a floor.
A Private Credit Fund of Funds in 2026 seems to rather closely resemble a CDO-squared in early 2007.
Most business cycles of the past have ended shortly after the price of oil spiked. Rising geopolitical conflict threatens to cause that once again. If oil starts moving higher, it usually marks the beginning of the end of the business cycle.
Digital Credit is better than Private Credit. $STRC
🏦REGULATION: BANKS REJECT WHITE HOUSE STABLECOIN REWARDS DEAL & STALL CLARITY ACT Banks have rejected a compromise proposed by the White House on a major U.S. crypto market bill, per @Reuters. Officials attempted to broker a middle ground between banks and crypto companies. The proposal allowed stablecoin rewards in limited cases, such as peer-to-peer transfers between users. However, the plan prohibited incentives on idle stablecoin balances. Crypto companies accepted the plan, banks have rejected it, fearing large outflows.
What happened at Social Capital was several things: 1) Personally, I was going through a divorce. It was a very hard time. 2) My ostensible “cofounders” spent more time jostling for board seats and credit for deals with outsiders vs doing good work and mentoring a team. They made the place a political snake pit - something that I had unfortunately allowed to happen. So I killed the snake. 3) It was increasingly clear that my returns were sporadic but gargantuan and didn’t fit in a classic fund with LPs. I was a home run hitter in a business where raising new funds invariably led you to hitting singles and doubles. In other words, I was making suboptimal portfolio decisions so I would return capital in order to keep raising funds. This was important to stack the compensation of my team who had far less capital than I did. I’m in a much better place now personally and professionally. We invest only my capital and so far, so good. Long live Social Capital.
Today’s military strikes on Iran — carried out by the United States and Israel — mark a catastrophic escalation in an illegal war of aggression. Bombing cities. Killing civilians. Opening a new theater of war. Americans do not want this. They do not want another war in pursuit of regime change. They want relief from the affordability crisis. They want peace. I am focused on making sure that every New Yorker is safe. I have been in contact with our Police Commissioner and emergency management officials. We are taking proactive steps, including increasing coordination across agencies and enhancing patrols of sensitive locations out of an abundance of caution. Additionally, I want to speak directly to Iranian New Yorkers: you are part of the fabric of this city — you are our neighbors, small business owners, students, artists, workers, and community leaders. You will be safe here.
Someone’s looking for a pardon and doesn’t realize the Clarity Act would have you locked up for much longer than 25 years. My legislation couldn’t be more different than the bill you tried to buy from Congress over my objection in 2022. We do not need—nor want—your support.
(revision) US Treasury TBill Auction Schedule totals ~$12.2 trillion short term liquidity to be issued. 122 distinct T-Bill auctions in this schedule. The Tentative Auction Schedule PDF (the current version as of February 2026, covering auctions primarily from early February 2026 through early August 2026, roughly a 6-7 month horizon) includes the following distinct Treasury Bill (T-Bill) auctions, based on the listed auction dates per tenor: 4-Week Bill: 20 auctions 6-Week Bill: 16 auctions 8-Week Bill: 20 auctions 13-Week Bill: 20 auctions 17-Week Bill: 20 auctions 26-Week Bill: 20 auctions 52-Week Bill: 6 auctions (Short-term T-Bills are generally auctioned weekly, while 52-week are roughly monthly/every 4 weeks. Counts are tentative and may shift slightly for holidays, but no major omissions are noted.)Auction sizes vary by tenor and aren't uniform ~$100 billion each—recent actual/typical sizes (from 2025–2026 data) are more like:4-week, 6-week, 8-week: Often $90–$110 billion (e.g., recent 4-week at up to $110B record, others commonly $95B) 13-week: Around $80–$90 billion (e.g., recent ~$89B) 17-week: Historically lower when introduced (~$30–$40B), but now aligned closer to benchmarks, often $60–$90B range in practice 26-week: Similar to 13-week, ~$80–$90B or higher 52-week: Typically lower, often $40–$60B or so (less frequent, so sized accordingly) Using approximation of ~$100 billion per auction across the board (a reasonable rough average for many short-term tenors in the current environment, though it overstates some longer ones slightly):Total gross amount auctioned in T-Bills over this schedule ≈ 122 auctions × $100 billion = $12.2 trillion home.treasury.gov/system/files/2…
10 Myths About Me & FTX 1) Myth: FTX was insolvent / $8b vanished Prosecutors to jurors: I had "more debts than assets"; "there's this giant, massive, unrepayable hole" Debtors to my judge/Congress: my claim "FTX was solvent" is "false"; I "lost $8b of customer money" Media to you: "the money is gone" Truth: FTX was solvent & is repaying customers 119-143% FTX could afford to repay in kind, until lawyers paid themselves $1b to: - quickly dismantle the estate - slowly repay customers x.com/SBF_FTX/status… drive.google.com/file/d/1e2v-rc…
