“The State is any entity that can retrospectively pardon a crime. If you forgive a murder, you get an army. If you forgive an assault, you get police. If you forgive a theft, you get taxes. And this notion that there exists the sovereign ability to change the rules for a limited number of people…
Today, the State of Wisconsin Investment Board (SWIB) has revealed its substantial investments in Bitcoin Exchange-Traded Funds (ETFs) through a recent filing with the Securities and Exchange Commission (SEC). According to the filing, SWIB holds nearly $100 million worth of BlackRock’s spot Bitcoin ETF (IBIT). JUST IN: 🇺🇸 State of Wisconsin Investment Board discloses it…
State of the consumer Are U.S. consumers finally tightening the purse strings? That’s the main question on the minds of investors as major retailers kick off their quarterly earnings reports this week, starting with Home Depot (HD). The home improvement chain’s Q1 results came in below Street expectations, hurt by a delayed start to spring,…
Over the course of 48 agonising hours, Rishi Sunak saw his Conservative party crushed in elections across England and Wales, culminating in Andy Street’s agonisingly narrow defeat as Tory mayor of the West Midlands. The dark outlook was summed up by the ConservativeHome activists’ website which said: “These elections have only confirmed that the Conservatives…
The last six months or so have seen several proposals for improvements to Bitcoin Script: CAT, 64-bit arithmetic, as well as some older ideas (CTV) and far-future ideas (Chialisp and Simplicity). This activity has largely overshadowed some revolutionary changes in our understanding of the existing Bitcoin Script, changes which form the basis of BitVM but…
Empire State Realty Trust, Inc. (NYSE:ESRT) Q1 2024 Earnings Conference Call April 25, 2024 12:00 PM ET Company Participants Heather Houston – Senior Vice President, Chief Counsel, Corporate & SecretaryTony Malkin – Chairman & Chief Executive OfficerTom Durels – Executive Vice President, Real EstateSteve Horn – Executive Vice President, Chief Financial Officer & Chief Accounting…
In light of the charges brought against Keonne Rodriguez and William Lonergan Hill for their alleged operation of Samourai Wallet, I believe it is important for Bitcoiners to assess the current state of things. Too much of the discourse in Bitcoin today is simply lip flapping from state-sponsored hypnotists pushing intelligence-captured infrastructure rails as scaling…
Andrii Yalanskyi REIT Performance In March the REIT sector recovered some of its losses from the first two months of the year, but still closed out Q1 2024 in the red. Equity REITs averaged a +3.26% total return in March and outperformed the broader market. The NASDAQ (+1.8%), Dow Jones Industrial Average (+2.2%) and S&P…
State of the Economy The economy was a big theme in President Biden’s State of the Union address last night, which was broadcast from Capitol Hill at 9 PM ET. There was plenty to debate in terms of his economic record, with familiar partisan finger-pointing on many of the data points, especially with regards to…
The Arizona State Senate is considering a proposal to encourage the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS) to explore the inclusion of Bitcoin ETFs in their investment portfolios. JUST IN: 🇺🇸 Arizona State Senate is considering adding #Bitcoin ETFs to its state retirement portfolios. pic.twitter.com/5t6v3Z5UuU — Bitcoin Magazine…
Kwarkot REIT Performance The REIT sector soared in November after 3 straight months in the red. The average REIT total return in November outpaced than that of the Dow Jones Industrial Average (+9.2%) and S&P 500 (9.1%), but fell short of the double digit return of the NASDAQ (+10.8%). The market cap weighted Vanguard Real…
Pgiam/iStock via Getty Images Stock Snapshot In picking a stock for today’s research note, I first had a look at Seeking Alpha’s handy key market data page which shows one sector in particular that catches my interest since I wrote extensively about it earlier this year and it is financial services, which has shown a…
batuhanozdel/iStock via Getty Images Empire State Realty Trust, Inc. (NYSE:ESRT) has had a stellar year against wider doom calls from bears about the end of urban US office real estate. The REIT is up 44% year-to-date to cap a stunning recovery from a Fed-induced selloff. Whilst there are concerns about whether or not the rally…
Despite Vanguard and State Street’s decision to abstain, the SEC is approaching a crucial deadline to announce its decision on the first Bitcoin ETF in early January. The anticipation surrounding the potential approval of spot Bitcoin Exchange-Traded Funds (ETFs) in the United States has reached its zenith. However, amid the frenzy, two major players in…
The saying “government will ban Bitcoin” is one of the most frequently used pieces of FUD. It is something that every Bitcoiner intellectually wrestles with on their journey down the Bitcoin rabbit hole. It is a frequently cited reason by those skeptical of Bitcoin to justify their reluctance to explore further education. Thankfully many excellent…
JayLazarin In March 2023, the U.S. banking system hit a bump in the road. Several commercial banks failed and the Federal Reserve, even while it continued its program of quantitative tightening, worked with the banking system in order to keep the U.S. financial system working and the U.S. economy growing. In keeping the banking system…
JLGutierrez As the new round of monetary policy decision is approaching, it is crucial to understand the rationale surrounding inflation dynamics in order to project future scenario probabilities for the S&P500 (SPX). The FED has been decoupling inflation into three main components that, while evaluated separately, are interwound in generating total inflation. The first element…
HABesen/iStock Editorial via Getty Images Shares of State Street (NYSE:STT) rallied a bit on Wednesday after reporting better-than-expected earnings. While shares are 7% higher over the past year, they remain more than 20% below their early 2023 highs before the collapse of Silicon Valley Bank. With a single-digit earnings multiple and 4% dividend yield, shares…
In recent years, the world has witnessed a remarkable shift towards digital currencies, with Bitcoin taking the lead. Now, a powerful advocate for this decentralized form of money has emerged in the form of Prince Philip of Serbia. With visionary initiatives he is working on like Jan3 and Aqua Wallet, he is leading the way…
designer491 Molina Healthcare, Inc. (NYSE:MOH) signs three to five years contracts with federal and state governments, offering a lot of visibility about future net sales and FCF growth. I believe that further acquisitions like that of Brand New Day and Central Health Plan of California or new transactions could accelerate net revenue from Medicaid and…
This is an opinion editorial by William E. Stebbins, Jr., a U.S. Army veteran who served as an operational planner and cavalry officer in Iraq. With FedNow’s birth and a U.S. central bank digital currency (CBDC) seemingly on the near horizon, Bitcoin is at risk of decisive isolation if it cannot quickly implement a permissionless,…