Friday, Jan 12, 2024

the confusing BTC ETF data, Taiwan elections, stubborn inflation

“The older I grow the more I distrust the familiar doctrine that age brings wisdom.” – H. L. Mencken  ||   

Hi everyone, and happy Friday! I hope you’re all doing well, and will be able to regenerate this weekend… It’s been quite a week.

You’re reading the daily premium Crypto is Macro Now newsletter, where I look at the growing overlap between the crypto and macro landscapes. There’s also usually some market commentary, but NOTHING I say is investment advice. For full disclosure, I have held the same long positions in BTC and ETH for years, and have no intention to either buy more or sell in the near future.

If you’re not a subscriber, I do hope you’ll consider becoming one! It would help enable me to continue to share what I learn as I work on figuring out where we’re going.

If you find this newsletter useful, would you mind hitting the ❤ button at the bottom? I’m told it boosts the distribution algorithm.

IN THIS NEWSLETTER:

• The global stakes in Taiwan

• Inflation gets stubborn

• The confusing BTC spot ETF data

WHAT I’M WATCHING:

The global stakes in Taiwan

Tomorrow is Taiwan’s general election, possibly one of the most significant of the dozens of significant elections scheduled for 2024. While Taiwan is a relatively small island on the other side of the world from where I sit, it has a place in this newsletter because of its impact on the building geopolitical tension in the South China Sea. This is especially relevant now, given the conflicts in the Middle East and Europe, the upcoming US election, the ballooning US deficit, and the global realignment of trade.

Some background on what we can expect tomorrow: