The Stagflation Scenario

MAY 31, 202451 MIN
This Week in Bitcoin

The Stagflation Scenario

MAY 31, 202451 MIN

Description

The increasing probability of Stagflation might cut Bitcoin's post-halving bull run off at the knees; my thoughts on the Ethereum ETF and why I'm getting skeptical of the political "tone shift."<br /><br /><strong>Links</strong><br /><ul><li><a href="https://www.cnbc.com/2024/05/30/april-pending-home-sales-fall.html" target="_blank">April pending home sales hit lowest level since start of pandemic</a></li><li><a href="https://x.com/RealEJAntoni/status/1796167845740490954" target="_blank">This morning’s revised data show the gov’t is basically “buying” GDP w/ debt, but getting only 50 cents on the dollar - worst deal ever…</a></li><li><a href="https://x.com/CarlBMenger/status/1795797889433678014" target="_blank">United States M2 Money Supply is now positive YoY for the first time since November 2022.</a></li><li><a href="https://stacker.news/items/552124" target="_blank">Germany’s industry in decline - a giant is falling \ stacker news ~econ</a></li><li><a href="https://www.cnbc.com/2024/05/23/sec-approves-rule-change-to-allow-creation-of-ether-etfs.html" target="_blank">SEC approves rule change to allow creation of ether ETFs</a></li><li><a href="https://coinxposure.com/ethereum-etf-to-get-20-of-bitcoin-etf-flows.html" target="_blank">Ethereum ETF to Get 20% of Bitcoin ETF Flows</a></li><li><a href="https://www.washingtonpost.com/business/2024/05/25/crypto-lobbying-politics-washington/" target="_blank">As crypto cash floods Washington, Congress eyes gentler regulations - The Washington Post</a></li><li><a href="https://www.whitehouse.gov/briefing-room/presidential-actions/2024/05/29/president-biden-announces-presidential-delegation-to-the-republic-of-el-salvador-to-attend-the-inauguration-of-his-excellency-nayib-bukele/" target="_blank">President Biden Announces Presidential Delegation to the Republic of El Salvador to Attend the Inauguration of His Excellency Nayib Bukele | The White House</a></li><li><a href="https://www.theblock.co/post/297504/biden-campaign-shifts-crypto-stance-engages-crypto-industry-presidential-elections-2024" target="_blank">Biden campaign ramps up crypto industry outreach in surprising tone ‘shift’ | The Block</a></li><li><a href="https://shakepay.me/r/LAPWVE7" target="_blank">faradayfedora’s Shakepay Link</a></li></ul><a href="https://osf.io/yntdu" target="_blank"><strong>STUDY</strong>: The Personality and Motivational Characteristics of Bitcoiners</a><br /><ul><li>🧡 Bitcoiners tend to be intellectually curious and emotionally stable</li><li>🌎value personal growth, relationships, community over material possessions</li><li>📈Scored significantly higher in financial literacy than the general population</li><li><a href="https://x.com/denverbitcoin/status/1794783675831455997" target="_blank">Saifedean Ammous on why Bitcoin is Finical Gunpowder</a></li></ul><strong>Music</strong><br /><ul><li><a href="https://podcastindex.org/podcast/6917119" target="_blank">Tip Toe by Jack Holliday</a></li></ul>