Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Bessent wants you to think the stablecoins are going to be the cure for our $38 trillion of national debt. Uh-huh. I’ll just mention that Circle Internet (CRCL), which is all about stablecoins, is down 75% from its recent lifetime high.
Bitcoin and Equities have been quite closely correlated for the past half-decade. I’m typing these words many hours before the futures open, so I have no idea what those look like by the time you read this, but as I sit here on early Sunday morning, Bitcoin continues to slide. The spread between these two is getting pretty big.
This quick chart shows how $ETH has been degrading since it peaked about ten weeks ago. It seems like a modest reversal, but the loss is approaching 40% of its, ummm, “value“. This whole crypto thing could wind up as one of the biggest financial wipeouts in human history. We shall see soon enough, but one thing’s for sure: the crypto bros aren’t going down without a huge fight.
Have you heard the news?
Now, if she “slashed” her prediction for $BTC five years hence from $50 to $37, I’d have a certain amount of respect for that. However, her slashing was from $1,500,000 to merely $1,200,000. In other words, an over twelve-fold explosion in value. Five years might as well be five hundred, but for the moment, it’s not exactly moving the right direction.
The grand experiment Michael Saylor has executed with his company Strategy (MSTR) is looking pretty shaky. The company is basically a giant Bitcoin holding company, and the BTC falls 25% (totally conceivable) all of his profits will be zeroed out. Interestingly, whereas MSTR and BTC used to be arm-in-arm, they are becoming increasingly divergent.
