Tether has announced that the entire Tether group is going to be relocating and will now be HQ'd in El Salvador.
This has to have a massive impact on El Salvador. I mean the estimated GDP of ElSalvador was $34 billion in 2023 according to the World Bank. Tether had a net PROFIT of $10 billion in 2024... Source: James Seyffart @JSey
$JPM CEO Jamie Dimon just said that $BTC is "a Ponzi scheme" that "has no intrinsic value."
Meanwhile, the bank he runs is progressively adopting cryptos… Jamie Dimon, CEO of JPMorgan Chase, reiterated his harsh criticism of bitcoin. Despite his negative stance, Dimon concedes that cryptocurrencies might have a role in the future of finance. His views on Bitcoin have fluctuated over time, highlighting a pattern of inconsistency. And his own bank seems to be ignoring what he is saying...
Map of the actual size of each country
Source: Epic Maps 🗺️ @theepicmap
Gas storage levels in Germany continue declining.
They are now down to just 72.9% of full, significantly below the average for recent years. Gas prices rise accordingly by 4.3% this morning. Source: Bloomberg, HolgerZ
An interesting Graph📈
The US has a big generational divide on willingness to fight for their country if it came to a war. The young are considerably less willing to do so than the old. This is different from most other countries. Source: @rubenbmathisen on X
In Germany, Chancellor Scholz attempts to boost his campaign by appealing to anti-American sentiment.
He steps up criticism of Trump’s expansionist rhetoric. Currently, Scholz's SPD is trailing in third place, behind the CDU/CSU and AfD. Source: HolgerZ, Bloomberg
Insured losses from the California wildfires are estimated to be the highest ever
Source: Markets & Mayhem
One of Morgan Stanley 2025 Theme is the Future of energy:
"In 2025, our focus shifts from hashtag#decarbonization to the wide range of factors driving the supply, demand, and delivery of hashtag#energy across geographies. The common thread is the potential for rapid evolution. Four key dynamics: (1) an increasing focus on energy security; (2) the massive growth in energy demand driven by trillions of dollars of hashtag#AI hashtag#infrastructure spend, to be met by both fossil fuel-powered plants and hashtag#renewables; (3) innovative hashtag#energy hashtag#technologies such as carbon capture, energy storage, nuclear power, and power grid optimization; and (4) increased electrification across many industries. Relatedly, we continue to believe that carbon emissions will likely exceed the targets in various nations’ climate pledges. Hence, we expect focus to shift toward climate adaptation and resilience technologies/business models". Source: Morgan Stanley, zerohedge
