EP20 -11MAY23 - low IQ takes w Steven @stevenmeets - latest CPI readings, ETH ultrasound money, Ordinals & BRC-20s, upcoming BTC Halving, and AI

Two Degens (resources, interviews, on all things crypto and some AI)

Inflation

https://twitter.com/watcherguru/status/1656275510937235458?s=46

ETH supply deflation - Ultrasound.money

BRC-20s

https://twitter.com/the_smart_ape/status/1655905530982850560?s=46

Bitcoin / halving

"All in all, my expectation is that Bitcoin peaks somewhere between 12 and 18 months after the April 2024 halving. This would mean a bull market *price peak sometime between April 2025 and October 2025.*

In terms of price, my base case is that this price peak will be 4-8x higher than the price at the halving. Assuming that price is $30k (it could easily be higher), that would mean a bull market *price peak of $120k-$240k per Bitcoin."

https://www.onceinaspecies.com/p/bitcoins-halving-is-less-than-a-year

Token M&A

This liquidation likely means an end to the $56M market cap of the VGX token. But VGX won’t ever really go away—there is no mechanism for a token to disappear. The debt and equity of Voyager will be swapped into new re-org equity through the bankruptcy process, but the token will live forever—even if it has no underlying company or reason to exist. VGX token holders will be looking for a new use case, a new narrative, or a new home for the orphaned token

https://www.ar.ca/blog/bitcoin-vs.-bank-equity-why-you-should-hedge-with-bitcoin