Bitcoin is still just 0.2% of global asset value.
Here is the latest update of this chart, which you may have seen in Microstrategy CEO Michael Saylor's presentations. With Bitcoin's price over $90k and ~$2T in market value, it may feel like you're late to Bitcoin... but it is still a tiny bucket in the global asset ocean. Source: Jesse Myers (Croesus 🔴) @Croesus_BTC
Overnight gains in US equities have massively outpaced intraday gains.
Source: Chris Murphy, Susquehanna International Group, The Daily Shot
As the old adage says... "Concentration makes you rich. Diversification keeps you rich".
#BTC
How it started... the first 16 months of existence of bitcoin
Source: zerohedge
🚨China export bans Gallium & Germanium🚨
Why it matters: Gallium is central to countless downstream industries: semiconductors, aerospace, telecommunications, & more. This image shows how interconnected it is👇 Source: DeepBlueCrypto
Rare earth element production by country
Source: Visual Capitalist
GLOBAL DEBT HIT A NEW RECORD
Global debt rose by over $12 trillion in Q1-Q3 and hit a MASSIVE $322.9 trillion, a new all-time high. Over the last 2 decades, world's debt has TRIPLED. Debt-to-GDP fell to 326%, ~30 percentage points below 2021 record but remains above 2019. Source: Global Markets Investor @GlobalMktObserv
Only small caps are trading at multiples below their 10-year average.
Mike Zaccardi, CFA, CMT 🍖 @MikeZaccardi, The Daily Shot
