Hello, fellow rebel capitals, hope you're well.

So what's not doing well are the markets, asset prices.

They're crashing, especially gold, silver, and Bitcoin.

And it's very timely because of what we talked about yesterday with Michael Burry

and his death spiral thesis around cryptocurrency and Bitcoin more specifically.

So now, before I get into the video, I think Bitcoin's fantastic.

I don't know where the price is going.

I've always said that.

Could go to $10,000, could go to a million.

I don't know.

But I love it because you have purchasing power outside of the

system. And it's the best way that I know of to take money across border outside of the system.

But that said, there's a big speculative bid. And like we were talking about yesterday, when you

financialize something like Bitcoin, you now are taking an asset that is exclusively an asset

and turning it into an asset that has an offsetting liability, and that offsetting liability,

usually dollars. So micro strategy is the poster child for this, where they don't just take their savings from, you know,

their profitable business and put it into Bitcoin.

Then it would just be an asset.

No, what they're doing is there, as an example, they're borrowing money to buy the Bitcoin.

So now that Bitcoin asset has an offsetting

dollar liability. And this is where you start financializing things. People were saying it's

awesome because now Wall Street's adopting it. And you got to be careful what you wish for there because it's great going up.

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