Ivy League education isn't necessarily better in terms of overall financial knowledge. In some ways, it can actually be worse. The only advantages it offers is better connections, higher level conversations about investment and money. Many CEO's, CFO's and business execs know less than the average independent investor. One way this trend is apparent is how many of them failed to notice the value in cryptocurrencies until very recently.

There are many ivy league educated CEOs and business execs who say embarrassing and uninformed things when it comes to finance and investment.

Jamie Dimon is ivy league educated and his uninformed remarks about bitcoin are legendary. There are many other examples we can draw upon.

Markets are influenced more by news and recent events. Than they are by natural market mechanics. Its the reason market mechanic based paradigms like technical analysis, AI trading bots and stock to flow models are no longer considered valid in some circles. News stories published about quantum computers and tweets made by Elon Musk influence markets far more than traditional indicators like market cap, volume or P/E ratios. Its been this way for a very long time.

I for one don't have issues with Elon Musk posting on social media. Many of his posts are good information to those few who comprehend what they mean.

What do people think when they see Elon Musk pro bitcoin one week and anti bitcoin the next? There are good explanations for it that indicate ways in which the world is changing.

Everywhere I look, all I see are negative comments made about money lost gambling. Mental illness associated with gambling and anything that can illustrate gambling in a negative light.

As someone who considers themselves to be a profitable gambler. The trend of covering only the negative side of the industry puzzles me.

Why is there never mention of the winners.


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I think the sad truth is, people who lose big money gambling. Are the same people who would lose big money investing in the stock market. Some demographics simply don't make good financial decisions. There are always big losers and big winners in every industry. And don't understand why gambling is being painted in a light where only the big losers are acknowledged.

Fantasy sports is illegal in my US state. This may deprive me of options and opportunities to make money and profit.

To me there is a question of whether the media's negative coverage of gambling is intended to protect people who make bad gambling or investment decisions. Or is it intended to deprive people like me of opportunities to make money.

I seem to remember Peter McCormack posting anti crypto content on social media in the past. He's no defender or supporter of cryptocurrencies. That twitter exchange between Elon Musk and Peter McCormack looks possibly staged or scripted. If only due to McCormack acting out of character, voicing a stance completely opposite and contrary to his normal content.

Peter McCormack never posts legit content, facts or truth. He's more like an financial industry mouthpiece and sellout as far as I know. He's the type of guy to say bitcoin cash is better than bitcoin core if someone will pay him $5 dollars for it.

I hope people realize how sketchy and suspicious many elements of this are.

https://twitter.com/elonmusk/status/1394170030741413888

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Looks like Elon Musk / tesla are HODL'ing still.

Will rising gas prices and fuel shortages increase demand for tesla EVs and electric cars.

Working from home is becoming a more common trend off the pandemic. People are driving less travelling to work each day. Resulting in reduced overall demand for oil.

If china flooded western markets with cheap electric vehicles that were price competitive with gasoline powered vehicles, could consumers resist the temptation to drop crude oil powered vehicles entirely.

I remember back around 2008 "conspiracy theorists" voiced concerns over peak oil. Claiming most easy to reach pockets of crude had already been harvested. And that at a certain point it would cost more more money, time and  energy to harvest oil from deep wells than the oil was worth. To an extent middle eastern oil barons could recognize this, which is one motive behind them developing real estate in dubai.

I'm not certain if a long position in oil is a good prospect. Most recent price spikes are due to mitigating factors rather than natural market mechanics. Good luck either way.




A high percentage of US oil production could be shale based. There is controversy as to how energy efficient/inefficient the process is.

Haven't we seen this piece of history from bitfinex/tether "investigations" in 2017.

As well as false stories of binance offices in shanghai being "raided" in 2019.


For some strange reason, people don't seem to remember things that happened only a few years ago.

Its hard to discuss topics, when history and recent events are forgotten.

Did anyone watch the youtube clip in OP btw?

Watch it. Its very good.  




People who want to get rich take what they believe to be a path of least resistance in becoming rich.

Elon Musk did the opposite, he tackled the difficult problems no one wanted to think about. Which indicates his goal was to solve problems that were hard and create value, rather than becoming wealthy.




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I don't know how you missed china taking steps to corner every aspect of lithium and rare earth markets necessary for EV markets.

But you did.  




DOGE is inflationary like fiat.

I wouldn't care much about what Elon Musk did.

Had he not negatively influenced the only inflation protected asset available to normal people.

https://www.youtube.com/watch?v=4D8BuJvM8AA


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Good informative overview. Highly recommend watching the entire video to anyone interested in the topic.

I don't agree with the assessment of the pivot being motivated by Elon Musk chasing state energy subsidies. Money has never been the primary motive behind anything Elon Musk / tesla / space x has done.

In early 2020 there was a reactionary movement to relocate supply chains based in china outside of the country, after it was discovered they controlled a significant portion of parts and supply. Recently auto makers have suffered from lack of parts from china. It is possible supply chains being located in china gives them the leverage to force billionaires like Elon Musk to throw bitcoin under a bus. They can hold tesla parts hostage until their demands are met. Tesla factories and supply chains would shut down. China also holds a stranglehold on rare earth mineral reserves around the world like lithium required to manufacture EV vehicles.

We may never truly know reasons for Elon Musk choosing to throw BTC under a bus in hopping on the "bitcoin is bad for the environment" bandwagon. Which most know, has been discussed and disproven countless times over the years.

I'm curious to hear what others think is going on here.

Historically the demand for tesla EVs has always been significantly greater than production & supply.

More consumers want tesla cars than their factories can produce.

They didn't need bitcoin support to boost sales demand. They had no trouble filling all available orders without crypto.

It all depends on how much of a rush they were in to take orders in BTC. Perhaps they expected the price of BTC to climb and wanted to hoard more.

Its all speculation unless official numbers are divulged in tesla's next earnings report.

Is it fair to say: there is a demographic in the world that hates new inventions.

They hate new inventions like electric cars and space x rockets. They also hate new inventions like bitcoin.

This demographic hates tesla stock. They tried for years to kill tesla stock through short selling.

A new plot twist has arisen where Elon Musk sided with those who hate new inventions to topple the credibility of bitcoin.

A famous inventor allying himself with a demographic that hates new inventions. I wonder how this relationship will pan out.





Does this mean the value of tesla stock can rise now?

Will short sellers and market pressure on tesla stock ease?

If the cost of Elon Musk's stance switch on tesla could be measured in dollars, how much would it be worth?

Could there also be a massive negative backlash against tesla for supporting these --anti new invention-- political angles.

Could tesla fanboys abandon Elon Musk and tesla EVs the way that the oscar awards lost viewership and ratings through their endorsement of politics.

I didn't expect Elon Musk to sell out.

The same people who tried to kill tesla stock with short selling. The same people who relentlessly attack tesla and publishing thousands of fake news stories in the media. Are the same people that push "bitcoin is harmful to the environment" agendas. Elon Musk joined the side that tried to destroy & ruin his business for years. That I did not expect.

Elon Musk seems to have sold out around the time he began calling himself "technoking" and made an appearance on SNL.

I hope people recognize the political agendas and coordinated effort made to -control everything- behind Elon Musk's wild stance swing on bitcoin.

I would be interested to hear reasons behind those negative poll votes.

It is possible everyone voting on that end of the spectrum does so through being uninformed. Or misinformed by the media.

Dogecoin hate isn't a common trend anywhere that I know of. I can't ever remember anyone saying something negative about doge.

It is very surprising to see so many negative votes against dogecoin support for tesla. One wonders if the results are accurate.

No one could have predicted printing greater amounts of fiat to fund economic stimulus would increase inflation. Even residents of zimbabwe and venezuela could not have predicted this outcome. Joking aside, I'm certain many believe exactly this which is a bit sad.

It helps to remember inflation terminology was redefined around the 1970s to paint a rosier picture of the economy. What economists call 3% inflation today, would amount closer to 10% inflation using the old terminology.

The only positive I see here is my personal surprise circumstances aren't worse. It seems like life is throwing multiple apocalyptic scenarios at us at once. Pandemics, lockdowns, climate change, vaccines, tax hikes, fuel shortages, electrical grid blackouts. We're lucky things aren't worse than they are.

I wonder if everyone is preparing for the worst. Or if we are still assuming this will blow over and life will return to normal.

It helps to recall previous events in 2021 affecting the price of fuel.


It is a basic and fundamental principle to say oil pipelines transport crude more efficiently and at lower cost than rail.

Shutting down and eliminating oil pipelines raises the price of fuel, as they must be transported by train instead at greater cost.

If people are even remotely informed and educated, they will call for construction of the keystone pipeline to re-commence, rather than blame crypto or ransomware which are entirely unrelated.

If the general response to this is blaming crypto and ransomware on people not caring enough to be even 1% informed on the topic, faith in humanity will decline.

Both mixed martial arts (pride fc) and sumo in japan have been tied to organized crime (yakuza) in past years.

New laws passed in japan prohibit yakuza from owning cellular phones or having bank accounts. Organized crime in the yakuza appears to be on the decline. And so perhaps gambling on sumo will become more legit as a result.

However there have been investigations in the past which determined some sumo athletes rig games between themselves on an honor based system for their own motives reasons that have nothing to do with gambling. Maybe one sumo wrestler might be struggling to pay his bills. And another will throw a match to help him out of a tight financial spot. That has been documented in the past.

Many rigged matches in sports occur on a regulatory level with judges, referees and athletic commissions. That could be a more worrisome obstacle to overcome for gamblers.

The reason BTC is unlikely to be overtaken by another crypto is.

Inflation protection and deflation algorithmically built into bitcoin's codebase are areas no one will challenge BTC.

Bitcoin will never have competition in those areas. Ethereum founder Vitalik Buterin openly considered shifting to limited supply rewards but ethereum's codebase is so flexible they could change it to be whatever they wanted whenever they wanted. Which would somewhat defeat the purpose.

It seems they're criticizing the UK and Boris Johnson for retaining an open economy rather than implementing full COVID lockdowns. Florida and texas in the USA also opted for open economies rather than lockdowns. There was also sweden which opted for the herd immunity open economy approach for a time.

Both florida and texas claim success with an open economy format. While residents of COVID lockdown economies like new york and california are losing residents (jobs and businesses) in record numbers.

From an observer's perspective, we have a few points of reference we might utilize in an effort to vet the accuracy of media claims. I'm constantly surprised by the different opinions offered on these topics. Its an interesting world we live in where everyone wants to complain and be offended. And very few seem to care enough to try to research or educate themselves on the fundamental facts of these topics.

Over the last 2,000 years 50% to 80% of the world's natural forests were cut down and replaced with concrete heat islands or grass. This historical trend greatly depleted the eco systems ability to absorb and store carbon emissions.

The best case scenario for re balancing the greenhouse effect is to pump and desalinate rising sea levels into middle eastern deserts to terra form the region and vastly increase the natural trend for acres of forest land to absorb thousands of tons of carbon.

I like the idea of issuing carbon coins -- not to punish carbon emissions as carbon taxes do but rather incentivize and reward trends which address climate change. Throwing money at wind or solar farms can fund the development of additional solar and wind farms in the future.

Issuing carbon coins subsidizes those green energy sectors the way that fossil fuel based energy has been subsidized for decades.

There are many legitimate stories about gamblers winning millions on fantasy sports platforms like draft kings or fanduel.

There are documented stories of gamblers winning more than $100,000 gambling on sports.

For some strange reason, the overwhelming majority of the media appears to contain a bias where they only cover the negative stories where people lose.

My US state illegalized fantasy sports like fanduel and draft kings which technically are games of skill rather than gambling. I think the political angle isn't justified.

I'm not a fan of people being denied opportunities and options in life like fantasy sports which could make them money.