In case you missed it, BLOOMBERG TERMINAL IS NOW SHOWING BITCOIN PRICE IN MILLIONS 👀
Source: Vivek
5-Year Returns — Priced in Bitcoin
(As of July 9, 2025) USD: −92% S&P 500: −83% Nasdaq 100: −82% Gold: −84% Crude Oil: −86% Median Home: −89% Avg. Wage: −89% Big Mac: −90% MSTR: +188%
Amazing to see that Trump Tariffs 2.0 has caught up with Trump Tariffs 1.0 performance...
(This is the S&P 500 performance during the 2 Trump mandates) Source: Zerohedge
The 9th of July was supposed to be a tricky day (expiration of the 90-day pause on global reciprocal tariffs).
Well, we saw record closing prices today for both $QQQ and $IBIT. Source: Bloomberg, Eric Balchunas
GOOGLE’S $GOOGL GEMINI GROWING MUCH FASTER THAN CHATGPT CURRENTLY…
Source: Dividend Dude @DividendDude_X
President Donald Trump on Wednesday announced that the United States will impose a 50 per cent tariff on Brazilian goods starting August 1
Calling the trial of former Brazilian president Jair Bolsonaro a “witch hunt.” Responding to criticism from President Trump, Brazil’s president said: “We don’t want an emperor.” Donald Trump said Brazil would be subject to US tariffs of 50 per cent on its goods, accusing the country of treating former president Jair Bolsonaro unfairly. In the eighth letter published to social media on Wednesday, Trump said Bolsonaro was a “Highly Respected Leader throughout the world during his Term.” “This Trial should not be taking place. It is a Witch Hunt that should end IMMEDIATELY!” Trump wrote. He added that the tariff would be applied “in part” because of Brazil’s “insidious attacks on Free Elections, and the fundamental Free Speech Rights of Americans.” Bolsonaro is on trial over an alleged coup plot, which prosecutors say aimed to keep him in power after losing an election in 2022. Brazil was previously facing a tariff of 10 per cent. Source: FT
Tether, the issuer of the world’s largest stablecoin, has its own vault in Switzerland to hold an $8 billion stockpile of gold, with an eye to growing those stores.
The El Salvador-based crypto company now holds nearly 80 tons of gold, it said. The vast majority of that is owned by Tether directly, making it one of the largest gold holders in the world outside of banks and nation states. The private vault is based in Switzerland and is fully owned by the company. The exact location hasn’t been disclosed. Chief Executive Paolo Ardoino told Bloomberg that this decision was about ownership, scale, and cost. The company is based in El Salvador and is best known as the issuer of USDT, the world’s largest stablecoin. Tether now holds $159 billion worth of tokens in circulation, which are backed by various reserves, including US Treasuries and precious metals. Paolo made it clear that the move to physical gold storage is strategic and intended to reduce long-term costs. “If you have your own vault, eventually, with the size, it gets much cheaper to do custody,” he said. As of March 2025, Tether’s own reports show that nearly 5% of its total reserves are now held in precious metals, with the vast majority being gold. With the value of its bullion holdings now on par with UBS Group AG, one of the few major banks that discloses its precious metal reserves, Tether is pushing into a category usually reserved for nation states and central banks. Source: Binance, Bloomberg
$4 trillion dollar baby !!!
Nvidia $NVDA shares jumped more than 2% on Wednesday and topped a $4 trillion market cap for the first time ever. The chipmaker is the first company to achieve this milestone and has benefitted from the generative AI boom.
