@Bhavin40324 @ZynxBTC It means the holder of the convertible ne can convert. It to equity and sell it if they want. It's dilutive. Not inherently bullish.
English
Edwin Urey
490 posts
Update:
$MSTR is now ITM on its first convertible note.
You are not bullish enough.
Zynx@ZynxBTC
Well look at that. $MSTR is approaching $183.19. The conversion price on Strategy's first convertible note. Not long ago the bears were insisting Saylor wouldn't be able to repay this debt. That the bonds would never convert. That it was all unravelling. How wrong they were.
English
@LukeGromen @NitsuaTon D we know anything about the quality of the debt though? Or the relative leverage ratios of the different corporations? Kinda weak to just say debt fuel backs means ta dangerous.
English
@NitsuaTon Fair point...although I would argue that
a) Debt-fueled buybacks are very different than cash-flow fueled buybacks
b) Buybacks can be stopped instantly, while dividends tend to be harder to cut, & therefore communicate something about confidence.
English
...as inflation is rising notably (& yields are rising.)
It didn't work out well in 1q2000, but maybe it will be different this time.
Meb Faber@MebFaber
The S&P 500 dividend yield just hit an all-time low of 1.08%, going back to the 1800s. The prior low was 1.1% in 2000. There are now "dividend" mutual funds with negative yields (their expense ratios are higher than their dividend yields). Stock buybacks have exceeded dividends since the late 1990s. And yet, nearly all stock funds still focus solely on dividends, which is crazy. (And it's not just about the buybacks, but also the share issuance!) Buffett's been talking about this more than anyone for decades... We wrote a book on the topic 13 years ago, and the 2nd edition is free online. As you tune into the Berkshire meeting, and gasp at the $400 billion in cash on their balance sheet, understand why they consistently choose buybacks over dividends... mebfaber.com/books/ Chart: Multpl
English
@MCNoBSFinance @mikebelshe @JanvanEck3 Again, why do I need a reason to hold a stablecoin? I want to hold a stablecoin. Why shouldn't I be able to?
English
@dwinny_21 @mikebelshe @JanvanEck3 People can transact in cans of tuna if they want. There is no reason to push more fiat onto the system which provides less protections to consumers than what is currently out there
English
The right side of history is that there will be interest for retail on stablecoins.
English
@MCNoBSFinance @mikebelshe @JanvanEck3 If people want to transact in a specific format, why does it have to solve a problem for the average American?
English
@mikebelshe @JanvanEck3 What issue does a stablecoin solve for the average American that a debit card doesnt already handle?
English
@thisorthat17 @SenToomey It is different. You don't need to give up liquidity with stables.
English
Check out my op-ed in today’s Financial Times on why stablecoins holders should be allowed to earn interest:
Financial Times@FT
Don’t believe the banks lobbying against stablecoins ft.trib.al/UMOxfSS | opinion
English
With 827k ETH staked at a staking yield of 2.5%, that’s $66M in annual revenue.
@BitMNR owns 4.14M ETH, so they could eventually earn 103,500 ETH yield per year, valued at $328M with ETH priced at $3,167.
🤗 $ETH $BMNR
Onchain Lens@OnchainLens
Bitmine (@BitMNR) has further staked 19,200 $ETH, worth $60.85M In total, they have staked 827,008 $ETH, valued at $2.62B intel.arkm.com/explorer/entit…
English
@cryptodaaddy @cwebbonline @krystalball @RoKhanna Definitely a threat to wealth too. Increased selling pressure would decrease wealth for all asset holders.
English
English
Tech oligarchs are now openly conspiring against @RoKhanna because he dared to back a modest wealth tax.
Teddy Schleifer@teddyschleifer
Some tech leaders / donors now talking about primarying Ro Khanna, who has long had support from those tech leaders and donors...
English
@VikingInBangkok @AhernHerbe8277 @surplustakes You guys should look into the dollar milkshake theory. America is in a better position than everyone else by far. It's not even close.
English
@AhernHerbe8277 @surplustakes I am not, but not very optimistic in general.
Asia is the future.
English
Kind of funny that Europe would today have multiple giant tech companies worth hundreds of billions if it had implemented a Great Atlantic Firewall in the 00s a la China
Andrew Neil@afneil
The ongoing decline of Europe, in one chart.
English
@AssetsDaily @davwals Not really on Linea. The blockchain is basically going to use Linea source code. Similar relationship between base and optimism. Base used optimism’s sdk but the networks don’t touch each other.
English
@rev_cap Obviously collapsing credit in the economy works against young people too. The answer is to delever over time while pumping small caps and crypto.
English
For those of you in the back, here's the quiet part out loud:
SWIFT is how banks talk to each other about moving money. Not a bank itself. The infrastructure underneath:
"Payment X coming from Bank A to Bank B. Here's the routing info."
11,500 institutions. 200+ countries. $150 trillion/year in payments.
In terms of financial infrastructure, it doesn't get bigger than this.
And now, they're working with Consensys to build on Ethereum.
This is the same week that JPMorgan (the world's most valuable bank) launched their first money market fund on Ethereum.
The largest bank, and the largest infrastructure connecting all banks. Both Ethereum.
This is the most significant week for Ethereum adoption in traditional finance in history.
Swift@swiftcommunity
We’re already making progress with our plans to add a blockchain-based ledger to our infrastructure, working with a global group of 30+ banks globally to shape the ledger’s design. “In order to unlock that benefit of scale, we need to work together,” said Thierry Chilosi, our Chief Business Officer, speaking on Sibos TV, alongside Michael Spiegl from Standard Chartered. Want to learn more? okt.to/4XThHc #SwiftCommunity #Blockchain #Ledger
English
@vvv1vvvvvvv @davwals Can you point to anything suggesting otherwise?
English
@keepfischin @fejau_inc @Bing0to Kicks in in January. Limited because of Basel III regulations though.
English
@fejau_inc @Bing0to ESLR changes in April are huge too, massive liquidity unlock
English
2026 thesis coming together right on time
tradfi news@tradfi
*HASSETT: MORE FISCAL ROOM TO DO STIMULATIVE THINGS NOW *HASSETT: WILL BE A RECONCILIATION BILL NEXT YEAR *HASSETT: LOT OF STUFF PEOPLE HAVE FOR BILL, LIKE ON HOUSING
English
@archerships @tferriss Still think we'll have all of zcash 's features on ethereum pretty soon. Zama should enable that.
English
@dwinny_21 @tferriss So you and your loved ones don't get kidnapped and tortured because you revealed your Bitcoin holdings:
github.com/jlopp/physical…
So armed IRS agents don't show up at your door and demand you hand over your Bitcoin:
thenationalherald.com/greek-tax-offi…
English
Over the next 1-3 years, are you bearish or bullish on privacy coins (e.g., Zcash) and why? What's your % conviction? I'm most interested in the reasons outside of technical / chart analysis (quantum insurance = pro, regulatory risk = con, etc.).
English
@QuietSilver @tokenterminal More liquidity means more demand for eth as collateral. More monetary premium. That's where most of the value will come from anyways.
English
@tokenterminal how does all this translate to a high token price. $eth required to transact is amount-invariant - costs same to transfer 10 cents or 10 billion dollars.
English
The costs to use Ethereum are at an all-time low.
The liquidity & capital velocity in low-risk DeFi (lending, stablecoins) on Ethereum are at an all-time high.
The Ethereum core dev shipping pace is at an all-time high.
Exciting times.
English
@etherexfi @MilkRoad @LineaBuild @growthepie_eth People haven't figured out that eventually, most of SBET's Treasury will be operating on Etherex. It's really concrete capital that no one is pricing in. You guys should highlight that.
English
Most people haven’t noticed this yet.
But the @LineaBuild burn went live in September.
They have already removed 0.05% of all $LINEA while burning $ETH in the process..
When the market rotates back to fundamentals, assets like this can reprice violently.
English