The increasing probability of Stagflation might cut Bitcoin's post-halving bull run off at the knees; my thoughts on the Ethereum ETF and why I'm getting skeptical of the political "tone shift."

Links

April pending home sales hit lowest level since start of pandemic
This morning’s revised data show the gov’t is basically “buying” GDP w/ debt, but getting only 50 cents on the dollar - worst deal ever…
United States M2 Money Supply is now positive YoY for the first time since November 2022.
Germany’s industry in decline - a giant is falling \ stacker news ~econ
SEC approves rule change to allow creation of ether ETFs
Ethereum ETF to Get 20% of Bitcoin ETF Flows
As crypto cash floods Washington, Congress eyes gentler regulations - The Washington Post
President Biden Announces Presidential Delegation to the Republic of El Salvador to Attend the Inauguration of His Excellency Nayib Bukele | The White House
Biden campaign ramps up crypto industry outreach in surprising tone ‘shift’ | The Block
faradayfedora’s Shakepay Link

STUDY: The Personality and Motivational Characteristics of Bitcoiners

🧡 Bitcoiners tend to be intellectually curious and emotionally stable
🌎value personal growth, relationships, community over material possessions
📈Scored significantly higher in financial literacy than the general population
Saifedean Ammous on why Bitcoin is Finical Gunpowder

Music

Tip Toe by Jack Holliday

The Stagflation Scenario

This Week in Bitcoin