Back from UK, while I was away I mentioned MTPLF near the end of my update from the road – never actually got around to picking up any myself and then it absolutely blasted off the next few days…
Word on the street is with Japanese bond yields blowing out and that country looking to be on the precipice of yet another financial crisis, capital is fleeing JGBs (Japanese Government Bonds) and into MetaPlanet as a Bitcoin proxy – apparently exacerbating a short squeeze in the process.
Metaplanet over here (trading under MTPLF) has cooled off over the past couple trading days and with Bitcoin a bit of a pullback on yet another Trump tariff tweet, I’m taking this opportunity to add it.
This is supplementary for now but we are going to rebalance a bit in the next issue.
In the meantime, we all know that Bitcoin has hit another all time high around $111K USD, and this one looks a lot more orderly.
The global bond market is imploding for reals and that’s what I think is driving this.
There’s a lot to cover in the next one, so don’t panic if we’re a day or two late.
That’s it for now.
