.

Extreme volatility

3 boom and bust cycles

More hear strong

.

I’m getting used to the volatility

The extreme in asset responsibility

.

Barbell extreme

Barbell Investing

Bitcoin <—–> Crypto

.

No energy to create it

Securities, securities laws

Unbounded commodity

Vice in the crypto world

.

Best engineered, most economical

Cross collateralized with worst assets

Wait

Sort the worlds best from the worlds worst

Price to pay is volatility

.

Slow regulators

Don’t trust the UAE

.

Don’t trust Saudi or Dubai

Don’t trust the Middle East?

.

Dubai Coin?

Crypto Casinos

Manipulating the price

Regulator shut down slow

Regulation is good ***

.

FASBY, GAP accounting

Indefinite, intangible

Reputational toxicitity

.

Negative blow ups

Negative PR

Cash 0% yield

.

Lift with 60 pound weight vest

.

Adult supervision

.

100x

2034

.

2024

Accounting, and regulatory issues

JPMORGAN Chase will eventually buy Bitcoin or store it

Custody Bitcoin

.

Retire in 10 years***

..

How to custody bitcoin

Re-hypothecating

Easier

.

Fitness Memes

.

Checks & balances

.

When he dies how will they get the money

Fidelity

.

Leave the Bitcoin to.., who

Fat dumb and happy and arrogant

.

DTC NETWORK

.

Monopoly with wiring

Lend it, get yield

.

Full disclosure

Don’t chase yield

Regulated vs transparent

Culture of virtue

.

Greed & Speed