Artyom retweetledi
Artyom
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Artyom retweetledi

I just published From Spreads To Fees
This change, driven by your feedback, ensures a transparent and cheap way for you to buy #bitcoin and get more sats the more you stack.
At @Strike, we aim to be one of the best places in the world to buy #bitcoin
strike.me/blog/from-spre…
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What do G20 economic data tell us about the demand for commodities?
Firstly, we will likely be in a no growth world in 2024 (despite the 1.3% growth forecast for 2024) due to a weakening US, a weak Europe (certainly Germany & France) as well as a very weak China with little choices which should make for significant headwind for commodities.
Nevertheless, note that Europe - for all the talk of weakness - remains the world's 2nd largest economy by a country mile with a combined GDP of US$22.3trn and a healthy balance sheet (81.5% Debt-to-GDP). Europe also means 31 countries, some of which are in excellent condition. Ireland is one example few understand.
The EU's Fitfor55 laws will make it go "greener" (invest) but expect any deadline to be extended as few countries cannot afford the current EU timelines. @RishiSunak was the first to back-pedal the UK's net-zero targets/subsidies for wind. Others will follow.
The US is a $27.6trn economy for which it uses a lot of leverage (126% Debt-to-GDP) as well as massive fiscal deficits to come - much of it because Biden wants to go "greener" but who knows what the next president wants. The main reduction in CO2 will likely continue to come from natgas replacing coal in the grid.
China's $17.6trn economy (if the Worldbank is correct) has a debt issue! While the Central Gov reports resonable US$8.5trn of debt (47% of GDP), the CCP finances its 5-Year plans with local debt.
If one adds so called local government debt as reported by the Ministry of Finance of the People's Republic, total debt gets to a whooping US$64.7trn or 365% Debt-to-GDP: a world record.
Xi made it clear that he wants to deflate the construction bubble which will turn China into an "exporter of deflation" for years to come. It will also need less commodities - metals certainly. Sadly it does not report country-wide industry capacity utilisations.
As far as I understand, the CCP pushes 2 things: more electricity (from nuclear, coal, wind & solar) as well as BEVs. BYD is the obvious winner here. Does it mean less CO2 emissions? Nope, but China has coal (to power the grid) but must import crude (to power the Otto engine). So it makes a lot of geopolitical sense to push BEVs.
India continues to push ahead (7% real GDP growth; 4.9% CPI YoY), with little signs of a slowdown. It also has little debt. Healthy and with a ton of runway to come with a GDP/capita of US$ 2,311...! Nothing really.
LatAm looks healthy with a strong Brazil or a debt-free Mexico. Let's see what the new president of Argentina can do for the economy (146% CPI YoY)...! That would be an exiting place to invest more in metals or E&Ps.
Japan, Korea & Australia - combined a $7trn economy - look healther than Europe. A source of steadiness in 2024? I guess it comes down to China - again.
Anyway, pick your commodities carefully for 2024. They must avoid a China slowdown issue which I suspect for most metals. Uranium should be the one place where the CCP will invest without interrruption & at full speed.
Precious metals make sense if you believe US nominal rates will contract. I do but it won't come in a straight line. As for all the rest, I'm less clear but Sinopec gave a clear warnings that it expects a slowdown in growth for petroleum products as soon as 2024. Any views out there are most welcome...!
#Economy #Uranium @UrbanKaoboy @DrastikThomas

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Day 2 of CES 2024 has been insane for AI announcements.
Here's the top 19 reveals from day 2 at CES 2024:
1. An AI-assistant that replaces your smartphone apps by Rabbit r1 twitter.com/TechPalsTalk/s…
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@scottmelker Are we still Bitcoin Twitter or we are now Bitcoin X?
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Artyom retweetledi

Today, I stepped down as CEO of Binance. Admittedly, it was not easy to let go emotionally. But I know it is the right thing to do. I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myself.
Binance is no longer a baby. It is time for me to let it walk and run. I know Binance will continue to grow and excel with the deep bench it has.
I’m pleased to announce that @_RichardTeng, our now former Global Head of Regional Markets, has been named the new CEO of Binance today.
Richard is a highly qualified leader and, with over three decades of financial services and regulatory experience, he will navigate the company through its next period of growth. He will ensure Binance delivers on our next phase of security, transparency, compliance, and growth.
Prior to joining Binance, Richard was CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM); Chief Regulatory Officer of the Singapore Exchange (SGX); and Director of Corporate Finance in the Monetary Authority of Singapore.
With Richard and the entire team, I’m confident that the best days for @Binance and the crypto industry lay ahead.
As a shareholder and former CEO with historical knowledge of our company, I will remain available to the team to consult as needed, consistent with the framework set out in our U.S. agency resolutions.
What’s next for me?
I will take a break first. I have not had a single day of real (phone off) break for the last 6 and half years.
After that, my current thinking is I will probably do some passive investing, being a minority token/shareholder in startups in areas of blockchain/Web3/DeFi, AI and biotech. I am happy that I will finally have more time to spend looking at DeFi.
I can’t see myself being a CEO driving a startup again. I am content being an one-shot (lucky) entrepreneur. Should there be listeners, I may be open to being a coach/mentor to a small number of upcoming entrepreneurs, privately. If for nothing else, I can at least tell them what not to do.
On that note, I am proud to point out that in our resolutions with the U.S. agencies they:
- do not allege that Binance misappropriated any user funds, and
- do not allege that Binance engaged in any market manipulation.
Funds are SAFU!
With that, I look forward to seeing the new leadership take the reins. Please join me in congratulating Richard on his well-deserved promotion.
Onwards!
CZ
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Artyom retweetledi
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We'll explore those Qs in more detail below, HOWEVER in the meantime...
If you've enjoyed this 🧵 so far, we'd appreciate it if you:
1. RT the tweet below to share this 🧵 with your audience
2. Follow us @BTC_Culture & @LukeMikic21 for more 🧵s
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Sunny River@sunnyriver
Did you know that while the SEC is busy suing Binance and Coinbase, BLACKROCK & the biggest banks in the US silently bought RECORD amounts of #Bitcoin 🤯 These banks buying BTC in Q1 2023 include: 🚨 BLACKROCK 🚨 Bank Of America 🚨 Fidelity What do they know? 🧵 Thread 👇 1/
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This is one of my best reads on Bitcoin. It is long but certainly a complex topic like Bitcoin demands it.
@Bquittem is a genius.
brandonquittem.com/bitcoin-is-the…
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Get ready, this one is a doozy. Wow. This one is going to take me a while to digest. Jay Clayton and @dan_pantera .
youtu.be/E0Dpgmc5aa4

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