4/16 Links

Novo steps down as chair of Galaxy. Gaffney from GS joins. Getting ready to go public? Bitcoin Firm Galaxy Digital Names Ex-Goldman Executive Michael Daffey as Chairman – WSJ

Novo later on Bloomberg TV: *NOVOGRATZ SEES 3% OF GLOBAL WEALTH IN CRYPTO IN A FEW YEARS*NOVOGRATZ EXPECTS GALAXY TO BE GOLDMAN COMPETITOR IN 3-4 YEARS

All 3 stimmy checks into Doge would be worth $300k r/n. Power of price and memes. Sats need that type of hype. https://twitter.com/dollarsanddata/status/1383068702946525188?s=20

^^I’ll say it again, Bitcoin whales are doing themselves a disservice by not socializing the “bit” unit size. We all know that one BTC = 100MM Sats but methinks 100,000,000 is a hard number to contextualize. I think there would be more traction around Bits. There are 1 million Bits in a bitcoin. 100 satoshis make up a bit. 1 Bit = $.061344 or 6 cents. A McDouble ($1.39 (for now)) costs 23 bits. Stack bits. Why Bitcoin Should Be Broken into ‘Bits’ (coindesk.com)

Good summary of the bitcoin cash and carry trade. I can’t get over the counterparty risk. ALL ABOARD!. (Any views expressed in the below are… | by Arthur Hayes | Apr, 2021 | Medium

NFL Update@MySportsUpdate#Texans GM Nick Caserio doesn’t have much to say when asked about Deshaun Watson: “I’m not really good at speculation. If you want to speculate, you should probably go buy bitcoin and speculate on that.” OK Nick. Will do.

“While financial markets may reverse course, I am equally comfortable with the notion that they can continue to rise on a tide of liquidity from a twin Fiscal and Monetary tsunami.” On flat vol surfaces: Convexity Maven – The Marshmallow Test

I work in debt markets AND I see the path for bitcoin. Put me in the camp that thinks/hopes BTC will ultimately be a tool to keep global CBs and treasuries honest. A peg, if you will. For reasons I will explain another day, I can also see the MMT side where debt is just tally of the total spent. “It’s up to the king to spend the coinage into existence.” No piper ever needs to be paid. Whether we get a good old fashion debt/GDP panic or a who cares/MMT reaction, what you used think about the dollar and debt will be forever changed. Here is one piece of thought for the mental mosaic. Bitcoin: Conclusion Of The Debt Cycle – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides