Yesterday we sat with a client who’s retiring early next year. Bitcoin is a real piece of the plan—not a side bet.
We mapped a unique IRA that needs special handling, confirmed they should max the current 401(k), and started remodeling living expenses plus post-employment health
Bessent just admitted the Treasury market is too illiquid to price. He raised buybacks because he “can’t set the equilibrium price” after calling himself “the house.”
The 10-year is through 5.2%. Japan, still holding ~$1.1T of US Treasuries but is cutting as its own yields
SoftBank just added another $11B in borrowing to keep funding OpenAI. That debt still has to be repaid, and Altman saying there’s no IPO this year delays the easy exit they were counting on. They’re carrying fresh leverage against a stake they can’t sell. Bitcoin doesn’t work