This week, we break down the Financial Times exposé on how Poland lost $230 million trying to buy Venezuelan oil with crypto, and why Avi thinks it's actually the most bullish crypto story in a long time. Jonah explains how oil scams really work from seven years at Vitol, why the minimum ticket size makes street-corner deals impossible, and the $100 million wired for Indonesian coal mines that didn't exist. We also discuss the new oil barons of Venezuela and whether there's room for an individual to get in, treasury yields at highs we haven't seen since 2008, Canada and the EU suddenly getting competitive, why copper is the next meme coin, how Zuckerberg's latest blog post killed the idea of pacing the frontier, why AI doomerism is just the oldest sales pitch in the book, and why Avi believes a rate hike is counterintuitively bullish for Bitcoin and gold. Enjoy!

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Timestamps:

(00:00) Coming Up on 1000x...

(00:55) Poland Lost $230M Buying Oil With Thumb Drives

(07:44) How Oil Scams Actually Work

(20:22) The New Oil Barons Of Venezuela

(27:43) Treasury Carnage & The Canada Surprise

(31:18) Copper Is The Next Meme Coin

(34:37) Zuck Just Killed "Pacing The Frontier"

(39:53) AI Doomerism Is A Sales Pitch

(50:37) Why A Rate Hike Is Bullish For Bitcoin

Disclaimer: Nothing said on 1000x is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Avi, Jonah and our guests may hold positions in the companies, funds, or projects discussed.

#FOMC #Crypto #StockMarket #Fed #Bitcoin #Stablecoins #RateHike #1000xPodcast #Tether #Macro #Oil #Trading #Investing #KevinWarsh #Stocks

MARKET UPDATE: Crypto Is Used To Buy Oil?! FED Meeting, And Economy Ripping

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MARKET UPDATE: Crypto Is Used To Buy Oil?! FED Meeting, And Economy Ripping