Trying to Understand the Asset Class

Well, now the stupid-case scenario for JAN'25 is asset class cap at 8T USD, and BTC cap at 5.2T USD, where BTC.D=65%, or 270% of 21NOV'24 price. Huh 😛

I suppose that means, a passive toy portfolio strategy for Malaysians would be, go on Luno, buy RM100 of each of the 18 token currently offered ( limit orders on the exchange, not instant buys ). Hold it for 12-months, with a benchmark of 2.4x, or profit=140% of money-in. YMMV

the psyche of salarywo/men and non-salarywo/men

The psychology of the salarywo/man is very specific. They are mainly concerned with their ability to win trust. More trust means more pay. They fear being untrustable! It is terrifying to them!

But those of us who are not optimising for pay, worry about different metrics. We don't mind being employed, but if you don't trust us, that is not a problem, as our key priorities are unaffected by the absence of trust, and absence of pay. So usually we just set a price on our time, and forget about it. Generally I prefer board roles. Lol

Meanwhile, there is an endless quantity of things to do in life beside being employed. Mainly I enjoy studying. Studying is capital development, which I can deploy for my own welfare regardless of external employments.

I have planned my life around minimum wage, so I am guaranteed to have easy access to happiness until the time I cannot work, and then presumably I can die.

destructuring the crypto bubble's expansion

1. Asset classes : real estate (slow sticky dirt), commodities (fast loose dirt), equities (property rights), contracts (promises : debt, futures, other derivatives), currency (communication).

2. Crypto is just a type of currency, which simply innovates on the communication problem.

3A. Commodities were initially correlated with crypto, as early cryptofiat was marketed as a low-tech, supply-limited, hedge against statefiat.

3B. Statefiat currencies become slightly more correlated with crypto, with the emergence of stablecoins.

3C. Equity is becoming more correlated with crypto, as ETFs and listed entities holding crypto increase in size and quantity.

3D. Fixed income is becoming more correlated with crypto, as (3C) increases its gearing to hoard more crypto assets faster.

4. We must continue to monitor the intertwining, and stacking of leverage, in order to be aware of sudden unwindings. This is the natural course of things.