4 hours ago
1
Key takeaways:
- Iran conflict framed as high-stakes negotiation theater, not ongoing war.
- Four parties all incentivized toward resolution: Saudi Arabia, Israel, US, Iran.
- Bitcoin drop to $70,000 described as leverage flush.
- Global M2 at all-time highs.
- Dollar weakness acting as a global price discount for Bitcoin.
- SLR rule change April 1st.
- Strategy $1B Bitcoin purchase, BlackRock covered call ETF.
- CME futures cooling, Glassnode selling data.
Pal frames the Iran conflict not as an ongoing war but as a structured negotiation in which military escalation is a pressure tactic rather than an endpoint. The argument rests on incentive alignment. Saudi Arabia needs oil prices low enough to finance Vision 2030, its entire economic transformation program depends on it....
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