Cathie Wood is no small name in investment. She founded and manages the largest actively managed investment fund of 2021 (ARK)

She recently expressed her very optimistic outlook on the future of the NFTs as a way of making investment in art less of an art (pun intended) and a very likely possibility of retail banking being disrupted (further) by the "wallets" and cryptocurrencies.

This is not a wannabe genius, but someone who is exceptional at picking winners. Original interview here.

Find the differences between these two:

China's domestic security agencies are going a massive purge

Sources: Trump wants to purge staffers deemed disloyal

Does moral high-ground matter in politics any longer? Is all about winning or does actually convincing matter?

Las noticias recientes indican que va a haber una enorme purga en las agencias de seguridad y el aparato estatal de China. Bajo las habituales, y posiblemente ciertas, razones de lucha contra la corrupcion, eliminacion de carteles y mafias, etc. no cabe duda que Mr Xi va a librarse de todo aquel que resulte molesto para su llegada al Congreso del PCC (que de comunista ya no tiene nada).

La purga del 2017 alcanzon a numerosos miembros del comite central

En teoria Xi deberia dejar paso a otro diriginte tras su mandato de 10 anios, pero no tiene intencion ninguna de hacerlo con lo cual China puede consolidarse como un regimen no solo autoritario, sino de culto al lider unico.

Aproximadamente el 60% de las pools de minado de Bitcoin se encuentran en China, si bien eso no es cierto respecto a la capacidad de minado, que esta mas distribuida. Depender tanto de un lider unico puede suponer un factor de inestabilidad?

I think that the connection between traditional investment an investment in Bitcoin as an alternative asset by the big player will start to create a link between inflation, rates and the price of bitcoin. It is traditionally well established that stock drop when bond rates rise. Will that happen to bitcoin prices? Is there still a place to hide if bitcoin becomes fully connected?

It feels that we are back to a couple of years ago when Cryptokitties collapsed the Etherum network. At that time, kittens proved too much to handle to the "future of finance", but now it seems that it is the network itself that has been blocked for lack of planning IMHO, while now we are facing a massive gas burner: The Uniswap router.

Para las personas q tienen una cartera de activos relativamente amplia, es importante encontrar activos desvinculados de la bolsa y la economía o incluso "antifragiles". Hasta ahora el Bitcoin ha sido relativamente bueno para protegerse de la inflación y de los desmanes económicos de los gobiernos más irresponsables. Pero la volatilidad no deja de ser un problema, aunque por ahora es volatilidad hacia arriba

Para solucionar esto existen las inversiones alternativas, típicamente monedas, artes, tierras, bosques. Estaba pensando q es una auténtica pena q las ICOs hayan tenido tan mala forma de empezar, siendo las más de las veces puros scams y otras simplemente ideas irrealizables con equipos inútiles. Pero no os creais, q eso tb pasa en el "mundo real".

El fondo de esta cuestión es que el inversor de andar por casa rara vez tiene un patrimonio suficiente para diversificar sus inversión en activos de arte reconocidos. Esto se ha solucionado con el fraccionamiento de activos (e.g. se compra un cuadro de Picasso, se almacena en una bóveda y se reparten participaciones de su propiedad).

El problema de este tipo de participaciones es que no tienen liquidez y ahí es donde creo que la emisión de tókenes podría ser una buena solución. O me estoy perdiendo algo o esto sería un ejemplo perfecto de aplicación real y valiosa de la tokenización del activo? Hay algún proyecto serío ya lanzado para arte, monedas o similar?

How do you maximise your Bitcoin advantage? I have seen people using these, but I wonder if there are others:

- Technical trading, using supports and technical charts.
- Sentiment trading, using greed and fear indicator.
- Not trading at all, just HODL.
- Intuitive trading.
- My own "system".

Any other?

How would you define what is to be "rich"? Is it about having enough for living or is there something else that you would be looking to accomplish to be rich?
Is it 1 million USD? Is it 1000 bitcoin? what are your thoughts?

The last stimulus to be approved by Friday in the US is around 1.9 Trillion dollars, with checks (money for nothing, AKA "Helicopter money") of 1400 USD. It has been proven from previous stimulus that this money is not being massively spent but rather funnelled into the stock markets and other - Other including Bitcoin.

Why the long term demand and price of bitcoin does include many factors, the link with the overabundance of USD is clearly a factor. However, there is no inflation at the moment, due to the very slow speed of circulation of that money.

What will happen when inflation start to be noticed again (the FED is actually keen on having at least a 2% plus)? And what when the interest rates rise if it grows to fast? Will the bonds start taking inflows thus reducing other asset prices or will bitcoin demonstrate to be an edge agaist inflation like gold?





 

The "FAANG" (Facebook, Apple, Amazon, Netflix, Google) are now near a monopolistic position in their core areas and they are using it to make extra profits. But the are winds of war, e.g. Apple disallowing segmentation for Facebook and Google or charging in in-app purchases to third parties.

Apart from Facebooks try with Libra, is there anyway they could start competing on the blockchain world? My take is that they should.

Apparently, parcels in Brazilian Amazonia are now for sale.. on Facebook ads. The largest are several futbol fields in size. This has been pointed out by some local leaders that actually live on those parcels in the State of Rondia, well deep into the continent

"One man, called Alvim Souza Alves, was trying to sell a plot inside the Uru Eu Wau Wau indigenous reserve for about £16,400 in local currency.

It is the home to a community of more than 200 Uru Eu Wau Wau people. And at least five further groups that have had no contact with the outside world also live there, according to the Brazilian government."

I wonder how do they target the audience? Perhaps people who search for "destroying Earth" o "I hate trees" o "kill legally"?

Bill Gates showed a dislike for purchasing bitcoin based on the same arguments that Warren Buffet uses: They invest in companies that manufacture products. Which is a curious thing to say when Microsoft basically sells services, but anyway, is this enough to turn the BTC shorterm?

I think that Microsoft is loosing the train once again and that it will take them quite a bit to come back, which they will. I guess that on the end, they are a Dow Jones company and not a NASDAQ one.

As many know, Coinbase has filed for an IPO date to be decided. Currently it is accessible only for large clients on NASDAQ private market. The current valuation for Coinbase is around 77 Billion, and it is not the biggest player there. If it were to succeed, it could bring other exchanges into the public offerings games.

Article here.

This concept was popularised by Warren Buffet and Charlie Munger. Each person has area of thing "they know", e.g. if you work in computing you will know ´bout programming, networks, systems and the like.

In investment, the rule is "stick to your circle of competence", just do not invest in things you do not understand.

Linked to this is the Dunning-Kruger effect - when you thing you know something and you have understood a problem, but you really have no idea.

Is bitcoin in your circle of competence or are you Dunnin-Krugering around?

Hi, just in case someone does not know yet, Coinbase is going public. See an article here for more stuff.

I think that the BTC environment will benefit, as I mentioned in a post in Economy, but I think is worth a Serious Discussion one to see what people think

Coinbase has filled the paperwork to become a publicly traded company. Contrary to other exchanges, that operate with a certain secrecy even "in the dark", Coinbase had followed a compliance strategy focused on gaining the trust of the traditional finance world that allows the company to now file to go public. This paves the way further for the institutional money to enter the BTC world.

Edited to add link as per some user´s request.

Hace un mes q el Banco de Compensacion Internacional comunico q "para el 2024, un quinto de la población mundial tendrá acceso a una criptodivisa emitida por un banco central" y parece q China va a ser pionera. Me asusta lo q estos bichos puedan llegar a hacer si se ponen a emitir activos digitales para una población masivamente desinformada sobre q es una criptodivisa y el daño q pueden hacer a la reputación de las criptodivisas descentralizadas.

Lagarde espera q exista un Euro Digital para el 2025.

Los que seguimos un poco el mundo de la bolsa hemos encontrado este año salseo abundante con las SPACS (Special Purpose Acquisition Companies). En esencia estas compañías levantan fondos de inversores, normalmente bajo el liderazgo de alguna figura notable de Wall Street y salen a cotizar sin ningún negocio en particular. Luego buscan una compañía no cotizada q tenga buena pinta y llegan a un acuerdo de fusión de forma q la convierten en cotizada.

Os recomiendo q deis un vistazo al tema, se ha ganado mucha pasta pero sobre todo es q no tiene desperdicio el cotilleo q generan.

It seems that it is actually possible to come to an agreement. Facebook has to pay a tax for using news from Australian media. I would really like to see Europe using a fair taxation for the income generated in Europe as opposed to the current massive lassier-faire.

NY courts apparently have come down on Bitfinex and UST. The main claim is that UST without a real USD backup has been used to support and acquire massive amounts of bitcoins during some of the larger dips at least. My take: just don´t tether stuff.