Investment Policy

According to the ever-so-dignified BitMine chairman, Mr. Tom Lee, the October 10th liquidations, coupled with the lingering question of whether the US Federal Reserve will decide to cut rates in December, have kept the poor crypto market in quite a tizzy. He has ventured to suggest that there are signs of ‘exhaustion’ among the sellers, though whether these sellers are merely fatigued or simply out of ideas remains to be seen. His technical analysis, which I am sure involves a great deal of staring at graphs, suggests that a bottom may soon be upon us. How thrilling! 🎢

This abrupt shift is like watching your in-laws argue over the thermostat setting. Traders now await the November 19 FOMC minutes like it’s the final episode of a reality show they’ve invested too much time in.

Oh, the irony! BlackRock’s spot bitcoin ETF, IBIT, now resembles a shipwreck, its hull breached by a tide of red ink and a tempest of bearish options. 🌊

Hayes takes a stroll down memory lane, back to April 2, 2025, during the “US Liberation Day” chaos when Trump decided tariffs were a fun hobby. This, of course, triggered the usual fears of a depression. But then, like a magician pulling a rabbit out of a hat, Trump “TACO’d” (his brilliant word for calling a truce on tariffs) on April 9, and boom-Bitcoin shot up by 21%. He even goes so far as to claim that this rally wasn’t some kind of magical decoupling of reality, but merely a temporary distortion created by ETFs and Digital Asset Treasury vehicles. Well, that’s comforting.