Max Shannon

@btcjvs This is just really tragic stuff.

UK 10-Year Hits New High Last Seen in 2008 Emerging market.

Enjoyed speaking with @TimKotzman at the Bitcoin Treasuries Digital Conference - March 2026 - on the state of Bitcoin adoption and investment in Europe. The event is still ongoing: x.com/i/broadcasts/1…

In 2026, global corporates continue to increase their BTC holdings, soaking up far more than the new supply of Bitcoin. Stack accordingly.

Think it comes down to what moves the needle. The scarcity factor doesn't (statistically). Therefore this aim is to reignite a fickle narrative. Is time, resources, money better spent on PQ EIPs, privacy, scaling L1? Probably so imo. No doubt its the final piece of the puzzle for SoV, especially if demand doesn't burn. But its <1% inflation rate.

Ethereum's supply growth rate is the highest it's been since the merge. I know and agree now's not the time for monetary policy changes, but my genuine question is - what growth rate and time frame indicate we probably need to revisit this taboo topic? The idea of allocating to a deflationary asset used to light up investors' eyes when I pitched ETH ETPs back in the day. It's important to the SoV narrative that the Ethereum community wants. The demand side is, at best, years away from offsetting this growth through burns, especially with upcoming gas/blob target increases. Supply side seems like the only feasible lever, and with staking rates near all-time highs, staked ETFs launched, and an entry queue of 3 million - this implies that the yield is more than enough to attract validators. Now we don't want this demand disturbed but Ethereum moves slow (for the right reasons) and a trigger for bringing this discussion back would help mitigate against an erroding SoV narrative risk.

@marcoetp Thank you ser!🇳🇴

Great work @cornMaxy

@HHorsley Thank you ser!🫡😀

@cornMaxy 🔥

Here is an excellent article from Bitwise's Max Shannon on what drives the $ETH price 👀

@BradleyDuke_ Thank you ser!🫡

@Andre_Dragosch Thanks @Andre_Dragosch 😀😀🫡

BTC has been one of the main performance drivers of ETH as well. Read more in the latest article by my colleague @cornMaxy 👇

@MrMBrown @Scutty @mhewson_MCH Ok agree interesting cheers

@cornMaxy @Scutty @mhewson_MCH few more moving parts at the long-end, my view there would be bearish though not on the back of infl/BoE, but instead more as fiscal risks are increasingly likely to manifest as the year wears on, especially if/when Starmer & Reeves are given the boot

BoE may cut this week if given concerns about activity already exist.

@MrMBrown @Scutty @mhewson_MCH Ok fair, still short long end though I guess. That's what im more interest in tbh

@cornMaxy @Scutty @mhewson_MCH Front-end yes & fade the repricing in STIRs but in size appropriate for the conditions

@MrMBrown @Scutty @mhewson_MCH So you'd long bonds?

@cornMaxy @Scutty Persistent inflation is what I see low risk of - lab mkt has a huge degree of slack, priv earnings are roughly target consistent & broader momentum was already anaemic heading into this… @mhewson_MCH & I may discuss more in our podcast later in the wk

@MrMBrown @Scutty super-low risks of inflation? ser what about war & energy markets? + continued fiscal deficits to spur non existent growth? genuinely interested in your response. cheers

While I think they probably should cut, given the dire state of our labour market and the super-low risks of inflation persistence, I can’t imagine a world where they do pull the trigger…Apr could be on though, if there’s some clarity on geopolitics/energy by then, and the updated f’casts give the MPC enough confidence to look thru a n/t hump in headline inflation…

🚨NEW REPORT 🚨 Bitcoin is outperforming gold and equities. Sentiment remains slightly bearish amid rising geopolitical risks. Read more in our latest Crypto Market Compass report! 👇

This is the chart-of-the-week from our latest @Bitwise_Europe Crypto Market Compass published TODAY! Read the full report here: bitwiseinvestments.eu/blog/regular-u…

Mount Rushmore