Forrest Gump's life advice applies to presidents picking Fed chairs: "You never know what you're going to get."
Kevin Warsh used political savvy to land the nomination. He's going to need every bit of it for what comes next.
Enjoyed chatting with @BeckyQuick⬇️

WSJ's @NickTimiraos says the labor market will determine what the Fed does next: https://cnb.cx/46tZwKw

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Bitcoin's price briefly touched $60,000 last week. Under a diminishing returns model, this is no mere noise. The market is touching the weakest link in the entire four-year cycle and logarithmic growth framework.

With the gains at the top of the Bitcoin cycle already significantly compressed, a further historically deep correction would completely negate the allure of its classic cycles.

This is not a prediction; it's a mathematical law.

Cycle Top Gains are Compressing

Historical Bitcoin Cycle Tops:

· 2013: ~$1,242

· 2017: ~$19,700

· 2021: ~...

$55,000 will be the lifeline for Bitcoin.

Goldman Sachs reveals its crypto portfolio of over $2.3 billion for the first time. Photo: CoinGape
Goldman Sachs has revealed its significant exposure to the cryptocurrency market for the first time in a portfolio report submitted to the Securities and Exchange Commission...

Goldman Sachs has revealed its crypto portfolio worth over $2.3 billion for the first time.

Citadel, Ark Invest, and Tether back LayerZero as it launches the Zero blockchain - ZRO price goes on a rollercoaster. Photo: Decrypt.
Early this morning (February 11th), LayerZero officially announced the launch of its new layer-1 blockchain called ...