Danny Toledo

The Yen Carry Trade explained in 90 seconds:

Ancora Imparo

Fake News on the End of The Petrodollar System? There has been some news that the 1974 petrodollar system, or as officially known “The U.S. - Saudi Arabia Joint Commission on Economic Cooperation” has come to an end. As a quick recap: The petrodollar system is a mutually beneficial agreement between the US and Saudi Arabia, where the US agreed to provide military aid and protection and in exchange, Saudi Arabia would sell its barrels of oil in US dollars and invest all of that money into US government bonds. It has not confirmed if the agreement actually ended or not or if it’s somewhere in between. Below are some important highlights: - Nixon removed the dollar’s convertibility to gold in 1971. The US supported Israel in the Yom Kipur War of 1973 and then experienced an oil embargo which put it into a dark economical path. With the US dollar’s future at risk, the smart decision was to make a somewhat behind the scenes deal to ensure that the commodity that economies needed to grow and develop (oil) was priced in US dollars. - According to the US Treasury data, Saudi Arabia is the 17thlargest holder of US Treasuries, although some sources say that this could be much more. They might not have the incentive to move away so abruptly from the US dollar as doing so would only hurt their sovereign reserves. - Their purchases of US Treasuries were also made via add-on auctions, which are excluded from official auction totals. It took the The Freedom-of-Information Act in 2016 to get the Treasury department to disclose Saudi Arabia’s holdings. - The Saudi Arabian Riyal is pegged to the US dollar. Picking a fight with the US dollar might only hurt them more. - The petrodollar agreement has no stated end date, rather it would remain in effect for 5 years (starting in June 1974) and renewed by mutual agreement and could be terminated by either government with 180 day written notice. No official written notice has surfaced, yet. - Saudi Arabia was invited to join BRICS, but this still has not been confirmed. If they do, it could be another step to reduce their reliance on the US and its currency; TBD. The petrodollar system is what made the US dollar the global reserve currencyand endingit could potentially affect its value over time. It went from being backed by gold to nothing, to a proxy-backing by oil and a money printer.

Really enjoyed the podcast with @blockfuel where we discussed Bitcoin's industrial use cases and how it's being leveraged in Latin America to bring Bitcoin closer to institutional adoption for real-world, business purposes. Thanks for having me on @AviNMash & @blockfuel_jodes !

If you are at #TechDay in NYC, stop by our booth #101 to learn more about @PoweredbyIBEX's B2B, cross-border payment solution leveraging the Bitcoin and Lightning Network protocols!

Our CEO, @jllemus, will speak @WebSummitRio next week! Book a slot with him for a deeper understanding on how our platform empowers enterprises to conduct global transactions as swiftly as information travels across the internet. #WebSummitRio ⚡️🇧🇷 rio.websummit.com/attendees/wsr2…

Einstein and Bitcoin At some point in our lives we have all come across Einstein’s famous energy-mass equivalence equation or, E=mc2. This simple, yet very powerful equation states that energy and mass are one and the same. We experience this formula everyday of our lives from the moment we use a GPS to help us navigate, to the sunlight that we receive from our own Sun. Without us being aware, this equation is embedded in our daily lives and it’s not necessary for us to know or care about, although learning about it can be out of curiosity but not necessity. The great majority of the world is still unaware of the positive implications that bitcoin is bringing to several aspects of our daily lives; predominantly the financial aspects. We live in a world where fiat currencies (USD, EUR, GBP, JPY, etc.) are being printed without limits, causing all kinds of havoc to our purchasing power across time (i.e. it will require more dollars in the future to buy the same bottle of CocaCola today.) I do see a future where currencies will be priced off bitcoin, which will allow the citizens of all countries to transact with their own currencies in a much cheaper, faster, open and less intermediated manner. This will be possible due to the fact that all currencies will “speak bitcoin,” but no person will really have to hold onto bitcoin if they don’t want to or even know about it. The infrastructure to this system is already in the process of being tested in the Global South and will slowly grow from there. Fiat currencies have an infinite supply, whereas there will only ever be 21,000,000 bitcoin in circulation. The very simple, yet powerful formula of ∞/21,000,000 (infinity divided by 21,000,000) demonstrates a path of where bitcoin price can go. What happens to bitcoin’s price when you divide large amounts of fiat (or infinite amounts) by 21,000,000 bitcoin? It can only trend up. While there are still several challenges in the road to fiat currencies “speaking bitcoin,” its protection against debasement and severe inflation has already been proven in currencies like the Argentine and Cuban Pesos, Egyptian Pounds and others. ∞/21,000,000 will become as powerful as E=mc2, it will just take more time and when it happens, not that many will really know or care about it, except those that bought bitcoin in anticipation to this.

The Benefits and Risks of Stablecoins 🧵

Age of Empires, Bitcoin and Gold History has proven that no empire can last forever and when its decline begins, things get very ugly. 🧵

The Bitcoin ETF There are plenty of articles detailing the pros and cons about the bitcoin ETF from a investment vehicle’s perspective, but almost no articles about the pros and cons from a bitcoin perspective. 🧵

Here’s why after more than 10 years of working in traditional finance I decided to dedicate my professional career and life to Bitcoin: 🧵

Had a great time talking with @RosannaInvests from @TheROShowPod. Catch a clip of some of what we discussed here: What Is Lightning Network? Jose Lemus, CEO of IBEX Pay, Explains How It ... youtu.be/RPeuP9BDObQ via @YouTube

El Salvador🇸🇻 is empowering its young generation by educating them about #Bitcoin This forward-thinking approach will make a remarkable difference for their future. 🎙️Tune in to our latest podcast episode now! 🔗youtube.com/watch?v=Ucq2Sa… ⚡️@Javi_Borrayo @danieltc85 @aslyroundabout

Come see our CEO @jllemus, at nakamoto stage @TheBitcoinConf⚡️ find out more about what it took to get this done!! twitter.com/bitcoinmagazin…

Café Bitcoin Tuesday! We talk to @Javi_Borrayo and others about their upcoming film releasing tomorrow on the @SwanBitcoin YouTube Channel, “A Sly Roundabout Way” by @PoweredbyIBEX Host: @alexstanczyk 7amPT/10amET ⏰ @SwanBitcoin & @pacificbitcoin twitter.com/i/spaces/1gqxv…

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We’re cruising around @AdoptingBTC with some star students and stacking sats while at it! If you see us around, say hi! ⚡️🧡🤗

Thank you @arcbtc for this great workshop #bitcoin @lnbits

#buybitcoin #Bitcoin