This article right here has got to be one of the worst pieces of financial journalism (it doesn't rise to that term, but what else to call it?), and it's particularly galling given that the title of the article is something that gets a great deal of discussion right here where Satoshi once posted whilst creating his masterpiece.
So I just have to ask a simple question: What the FUCK is this shit?
I don't think that's true at all, right? Like Wall Street doesn't care. They just want number go up, right? They or or go down depending on where they're trading it, right? And I think many retail investors feel the same. They want to make money. Um and so I would think that that has changed things too.
Fear and greed are the two things that drive most investment policy. And so now you're seeing more of the greed factor come in and that's where you're seeing these layers of financialization coming on top of it. I think you probably noticed the big keyword at the conference, the buzzword to me was yield. Everybody's looking for yield options on these large holdings of Bitcoin, XRP or others, uh and almost every player is looking and trying to position that yield. Now, this isn't yield from 2022 to 23 where the FTX Alameda, the explosion of rehypothecation in the staking.
This is a new era, I call it yield 2.0 and there's some really solid fundamentals to it and everybody's looking for, okay, I have this bundle of goods sitting here. How can I put it to work for myself? Just like if you're sitting on a large balance of cash, especially at a time where rates may be dropping on cash, that's the one tool that a new Fed chair might have. Uh and that will take away some of the incentive for sitting on bundles of cash and and may position liquidity in other places.
Just take note that the above super-sized serving of word salad is sprinkled with some of the foulest neologisms that could only come from a yapping head on the interwebz, and to keep up the farce that they know of that which they speak, they lead the hapless reader through the path of least coherence and maximum retardation. In other words, the above points could have been written in plain English instead of the massive load of excrement they left on our living room floor instead.
So happy bitcoin became so mainstream that it's now reported on as frequently as whatever the hottest stock du jour is. Would not have predicted this back in 2015.
