BuT bItCoIn Is BaD fOr ThE eNvIrOnMeNt
ESG=CCP
Most people who have any knowledge of history know much how much Europe loves power.
One of the new ways it tries to maintain its power is through ESG mandates.
And complete fucking maniacs like Christine Lagarde, the President of the European Central Bank, love to poo poo Bitcoin because it’s “bad for the environment.” (Fun side note: Lagarde’s son owns crypto.)
But it’s funny to watch how quickly ESG mandates fly out the window now that Europe is experiencing an energy crisis.
*energy independence
Good thing we likely won’t have to listen to Christine Lagarde for much longer.
The euro and the EU probably have another year or two before they dissolve.
And hopefully other institutions pushing ESG mandates disappear alongside Lagarde and the EU, as the “E” in ESG is the least of what the people creating such policy care about.
As Peter Thiel says, “ESG=CCP.”
ESG is about control. Just take a look at the state the world is in and ask yourself if you’d like the powers that be to have more control.
And on the topic of control…
Goodbye, Roe
Can you imagine how happy Democrats are now that Republicans have proven to once again proven to be an even shittier party than them?
Maybe now Democrats have a chance to win/hold some of their positions of power in the midterms.
Pretty remarkable given how bad they are at governance.
On a more serious note, it is sad to watch watch women lose their reproductive rights. I don’t support the government taking rights away from (most) people.
James Baldwin once said something to the effect of the government doesn’t give you any rights, it only takes certain ones away. Really smart guy that James Baldwin.
It makes me sad to think that gay marriage is likely next on the chopping block. And it makes me even sadder to think that interracial marriage could be behind that.
I mean, if you tell me that I can only hook up with some vanilla ass Karens for the rest of my life, you’re really gonna see me lose it.
Bitcoin 200 Week SMA Chart
Above is the Bitcoin v. US Dollar 200 Week SMA chart. You know what that is right? Good.
As you can see in the chart, BTC’s price hardly ever drops below the blue line - the 200 Week SMA. When it does, it means BTC is oversold.
This doesn’t mean the price can’t go lower; it just means it’s oversold.
Here’s Some Stuff I Wrote This Week
I wrote a piece for Nasdaq’s website on behalf of Finder on how New York has chosen to defend Wall Street instead of welcoming the crypto industry. Excerpt below:
“As a New York State resident, when you try to open an account with some crypto exchanges, you receive a message explaining how the exchange doesn’t service jurisdictions including New York State, Iran, Syria, and North Korea. Really great to see New York in the company of such progressive places.”
I also shared some thoughts with The Street on behalf of Finder here and here.
And I shared some thoughts on behalf of Finder on Elon Musk and DOGE with The Epoch Times here.
And thassssit.
I’m off to Westchestah.
Best,
Frank
Twitter: @frankcorva
