WATCH CHOKEPOINTS

“In Japan, they have been undertaking a number of nuclear restarts. They were moving very tentatively as the public got behind nuclear and the politics became less challenging. That that is all apparently accelerating now, so Japan will push very hard on nuclear restarts, and more importantly, the public polling is really strong for it, so there's not a lot of political risk.”

“if you take a look at what's going on in the strait of war moves, it still seems to be shut more or less and shout out to the Bloomberg function. You can hor Moves go. You can see the number of ships that are going through that particular choke point, and I have two as of today, which is basically not likely to today.”

“A country cut off from the dollar system, cut off from SWIFT, cut off from correspondent banking, demanding payment for access to a fifth of the world's oil in Bitcoin. This is exactly why Bitcoin will matter more and more in geopolitics. Bitcoin is neutral and can't be sanctioned or censored. Iran is finding it useful for the same reason a protester in Russia or a working class saver in Argentina does.”

“What's happened with this proliferation of storage is that gas no longer reliably sets the price in those hours and sickly in Australia, where it's often somewhat oligobalistic market structure, having a lot of residential batteries tied together in a mesh network which then bids into the market is really crushing those peaky times of the day and that has a disproportionate impact on average daily prices.”

“Then you have the issue of so you're kind of being your customers have been priced out of using gas for that reasonle line. Then you have this geopolitical risk attached to supply from the Middle East. There is no certainty that if there is some sort of toll on the straits of Horus that the Huthis might say, well, add like some of that too, please, and then we have another issue in the Red Sea.”

“A war few expected to last this long is exposing how fragile global systems really are.”

“Similarly, you're also starting to see a staggering acceleration in IV adoption. If you do calls to auto dealers around Asia and ask them how much time electric vehicles stay on the lots down to single days, and many of them are back or now, So if there probably wasn't, maybe.”

“Markets may be underestimating cascading global disruptions.”

“Morgan Stanley launched its spot Bitcoin ETF last week, and it drew in about $34,000,000 in inflows on its first day, making it the best performing ETF debut in the firm's entire history. Amy Oldenburg, Morgan Stanley's head of digital assets, said on Bloomberg TV, quote, it was the best first day of trading for any of our ETFs. Now I have to say the timing of this launch is fascinating because we're in the middle of a Bitcoin price drawdown.”

“On Friday alone, Stretch traded $526,000,000 in volume, more than double its thirty day average of $258,000,000. Strategy CEO, Phong Li, said this week that Stretch is now trading with more liquidity as a percent of market cap than every single magnificent seven common stock. Not just some of them, all of them. That is crazy volume for a preferred stock.”

“In Japan, they have been undertaking a number of nuclear restarts. They were moving very tentatively as the public got behind nuclear and the politics became less challenging. That that is all apparently accelerating now, so Japan will push very hard on nuclear restarts, and more importantly, the public polling is really strong for it, so there's not a lot of political risk.”

“China’s quiet advantage is part of the shifting power dynamics we unpack.”

“What's happened with this proliferation of storage is that gas no longer reliably sets the price in those hours and sickly in Australia, where it's often somewhat oligobalistic market structure, having a lot of residential batteries tied together in a mesh network which then bids into the market is really crushing those peaky times of the day and that has a disproportionate impact on average daily prices.”

“And so I think while US supply is probably lower risk, depending on the actions of the US government. Of course, people are role looking at this market and thinking well, is this really what I want to build my powder it on? And the answer is probably so I got it.”

“Similarly, you're also starting to see a staggering acceleration in IV adoption. If you do calls to auto dealers around Asia and ask them how much time electric vehicles stay on the lots down to single days, and many of them are back or now, So if there probably wasn't, maybe.”

“The challenge right now for Asia is that most of their crede supply does come from the Middle East, or there are some countries which do have some domestic production Malaysia, China of course, but broadly speaking, Asia is a massive crude import, and principally from the Middle East because it's the most proximate supply and generalize the chapest shipping distances and costs.”

“China responds well to strength. The US now responds well to strength. So who does Trump not mess with China? Because they've restricted breaths and basically threatened put Detroit into cardiac arrest and strike their shoulders. And I think what Europe in particular is missing is that there are hands they could play that maybe are nonintuitive to them, but doesn't mean they wouldn't work.”

“The challenge right now for Asia is that most of their crede supply does come from the Middle East, or there are some countries which do have some domestic production Malaysia, China of course, but broadly speaking, Asia is a massive crude import, and principally from the Middle East because it's the most proximate supply and generalize the chapest shipping distances and costs.”

“I think there's a lot of problem with it. But then mostly due to overall problems with gas. First of all, the gas turbines are used to build a power plant and nasua are the same ones you use to build a data center. And the cost of a turbine is now it's over five hundred dollars per killer what it was used to be about one thousand.”

“You're certainly saying aious constraints on consumption where they don't really have a lot of refining capacity, and where there is, they just don't have large amounts of crude story. So places like the Philippines and Vietnam are already under some significant stress. A lot of it is also driven by the factors. It's kind of a question of whether you can get credit lines to be able to pay these prices.”

“We're witnessing a temporary disruption or the end of a the U.S. unipolar era.”

“Satoshi controlled a set of cryptographic keys that can unlock around 1,000,000 Bitcoin that have never moved. Those keys are the only way to prove beyond any doubt who Satoshi is. Everything else is just circumstantial. Adam Back himself flatly denied the claims again. He said, quote, I'm not Satoshi, but I was early and laser focused on the positive societal implications of cryptography, online privacy, and electronic cash.”

“I think the thing that's confusing everyone is we keep seeing these headlines about like a billion barrels lost of world supply or twenty percent of the world's oil supply now choked out because of the Horror Moves situation. And yet if you look at the oil price, you know WTI Brent definitely up, but they're not up as much as you might think given the scale of disruption.”

“And so if you look at that vulnerability with oil where twenty plus percent of the market comes to the Middle East an LNG, which is about the same numbers. And then if you look at say a big network flow graph model of global coal market which I've done, the coal is not really dependent upon checkpoints.”

“The Strait of Hormuz and how shifting power dynamics are reshaping global markets and strategy.”

“Effective immediately, the United States Navy, the finest in the world, will begin the process of blockading any and all ships trying to enter or leave the Strait Of Hormuz. He said the Navy would also intercept any vessel that had paid a toll to Iran, adding, quote, no one who pays an illegal toll will have safe passage on the high seas. And he finished with, at an appropriate moment, we are fully locked and loaded, and our military will finish up the little that is left of Iran.”