🦢 Swan advisor. Ex-Wall Street GOP. Bitmain fund LP. 1st check in Wikipedia cofounder @lsanger's startup. Obama elector, AAPI finance co-chair. @Harvard_Law.
swan.com/terrencey
Joined December 2020
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The Short-Term Bullish Case For Bitcoin (with apologies to the great @real_vijay)
• SEC granted accelerated approval for the listing and trading of options on $IBIT, BlackRock’s Bitcoin ETF
• $49.5 trillion custodian Bank of New York gets green light to custody Bitcoin for other institutions.
• Harris campaign seems to have no plans to have Harris or Walz do lots of interviews - as JD Vance and even Trump has. This suggests her campaign thinks she doesn’t have to in order to win. Or move to the center.
That may cause people and institutions to flock to Bitcoin for safety. Especially if Democrats win the Presidency, House and Senate in a landslide.
• And if Trump wins, that’s bullish simply from optics alone.👇He’s pro-Bitcoin on his stated policies & positions so far: anti-CBDC, pro-self custody, less regulation, etc.
To paraphrase @dotkrueger: Will one more shitcoin (World Liberty Financial) really negate all that?
• Trump using Bitcoin to buy a burger at Pubkey Manhattan will cause other countries to take note and move towards pro-Bitcoin policies, even if Harris doesn’t. You don’t have to believe countries will race to stockpile Bitcoin.
• Fed cut rates 50bps with much more to come as the latest job number are bad & inflation is down more than expected. Weakening is here.
• BlackRock significantly more bullish on Bitcoin, citing the $35 trillion US debt.
Bottom line:
Risk-adjusted, Bitcoin looks better short-term than it has in quite awhile.
I bought more Bitcoin.
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This was vitally important when it first came out & I believe it’s important to spread this NOW 👇🏾
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Dear LazyX: What are the best X accounts or web sites that track all of the important AI papers and talks? 👊🤜
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If you don't show your kids this, then who will?
Certainly not the state.
SNEAK PEAK: When money is controlled, money is corrupted 💰🔥
New Bitcoin episode drops in 12 days!
A huge thanks to @Swan for partnering with us to make it happen. And to @maxkeiser , @stacyherbert , @coryswan , @BTCsessions, @natbrunell , @saifedean and @PeterMcCormack for lending their talents to this episode!
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Time shared with family, friends and colleagues is priceless. What sometimes seem like the small things of life are the big things that truly matter.
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Hard competition, but this may be the worst paragraph of all time in "Scientific American".
Here is how I think it happened:
The author of this article was predisposed to thinking that there are no biological differences.
Then she read this thing about pacesetters, in which it said that using male pacesetters would make women 'artifically faster'. She took this to mean that there is a sort of conspiracy to make women not run as fast as they can.
She could have considered that pacesetters only run the first part of the race, and that if the pace is set too high here, the runners will run out of energy later on. But she didn't consider that, because she was excited to see evidence for what she wanted to believe.
Probably she used this argument a number of times on her colleagues, with the punchline "as though women were not actually doing the running themselves", to great success. What a silly assumption, haha.
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Writing a long part of “God Exists” about the Argument from Scripture, I am devoting a section about corporate justice, i.e., praise, blame, justice, and punishment attaching to people acting in concert, as a corporate body. Drafting this has taught me two things I didn’t fully appreciate before. 👇
