Welcome back to another Crypto Daily 3 at 3. All right, everyone, happy Friday the 13th, an inauspicious day,

day when the Templars were destroyed by the state reclaiming their wealth, which feels appropriate for our first topic,

crypto versus the state. But in addition to that, we're also going to talk about

Bitcoin futures and Robo Advisors. And we're going to talk about a quick invest Asia recap. We've got

through the summer and now we're back in event season. There's going to be a lot of interesting

events coming up. And I like using them as a way to just check in on trends and see what people

are talking about, what people

are thinking, what people are feeling, and particularly this kind of Asia content, I think,

is relevant. But let's start on topic number one. I think it's been a recurring topic across

three at threes, and certainly this week, crypto versus the state. So I was re-listening to

the Hidden Forces podcast between with Dimitri, the host of Hidden Forces and

Ben Hunt. Ben Hunt is a ex-money manager who now writes the very popular Epsilon Theory blog

and newsletter. And he, like me, actually, focuses a lot on narratives. And his kind of awakening

came from just watching how fundamentals no longer matter and the traditional

pattern of things that had previously dictated price and finance no longer mattered and

everything was about narrative.

And so Ben has a lot of interesting ideas.

I think it's worth spending some time with them.

But his position on Bitcoin is interesting.

He's kind of very interested in the idea of it and the idea underlying it. However, he believes,

and he articulated this on this podcast, that it is on a collision course with the state. And that

in his estimation, that is a battle, it cannot win.

...