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Top Three Videos – April 22, 2024

Jordan Roy-Byrne: Silver Breaks to 11 Year Weekly High & Gold Clears $2400 (April 21, 2024)

The Daily Gold...

Summary

 

Silver has reached an 11-year high and is showing strong performance, with potential for a bullish trend and a target of reaching 34 or 35.

 

  • Silver has reached an 11-year high, surpassing resistance and showing strong performance in the short term.
  • Strong weekly candles from gold and silver indicate a potential bullish trend in the precious metals market.
  • Silver nearly touched 30 last week, indicating a potential continuation of the upward trend.
  • Silver is expected to reach a target of 34 or 35, with the monthly closing high in 1980 just below 35 as well.
  • The possibility of a weekly breakout for silver is something to watch for in the coming days.
  • The momentum may take over, leading to panic buying and a potential surge in stock prices.
  • Silver and gold markets are in a new bull market, making it unlikely to see the corrections that people are hoping for.

Victor Haghani: Where Are All the Billionaires? (April 22, 2024)...

Hidden Forces...

Summary

 

Success in finance and entrepreneurship requires attention, dedication, and practice, and that personal risk aversion and dynamic portfolio management are crucial for long-term wealth preservation and growth.

 

  • The idea that success in a competitive environment requires a high level of attention, dedication, and practice is applicable to various fields, including finance and entrepreneurship.
  • Personal risk aversion is crucial in determining how much risk to take for a given ratio of return and risk in investing.
  • Volatility drag can eat into compound returns, even if the average annual return is zero, leading to a loss of wealth.
  • The second benefit of dynamic portfolio management is that very few people can stay static over time, making it a more powerful strategy in the long-term.
  • A disciplined dynamic asset allocation approach can save investors from hurting themselves by making ad hoc changes based on subjective factors.
  • The minimum number of flips to identify the biased coin with 95% confidence is 143, not the intuitive 15 flips most people think.
  • Human capital plays a significant role in determining the risk and diversification of one’s investment choices, based on the nature of their profession and income stream.
  • The problem with setting a specific financial goal: “if you start falling behind, you have to take more risk to try to get there because if you don’t take more risk, you just won’t get there, right?”

Mining the Future: A Bitcoin Halving Roundtable with Public Mining Company Titans (April 19, 2024)...

Natalie Brunell...

Summary

 

Bitcoin mining is entering a crucial phase with the upcoming halving, and miners need to focus on innovation, energy efficiency, and decentralization to ensure a sustainable and secure future for the cryptocurrency.

 

 

Bitcoin Mining and Environmental Impact

 
  • With the Bitcoin halving, the amount of new Bitcoin coming to Market every year will be less than the amount of new gold mined every year, making it an even harder asset in terms of new Supply coming to Market than gold.
  • “The vast majority of the remaining Bitcoin will be mined in the next 4 to 10 years, making it an important time in Bitcoin.”
  • The future of Bitcoin mining may involve a choice between exploring overseas for cheap electricity or focusing on monetizing flexibility and providing electricity back to the grid domestically.
  • When engaging with governments about energy generation and heat refeeding, the focus shifts from mining Bitcoin to mitigating and utilizing stranded energy sources, demonstrating the potential for Bitcoin mining to have positive environmental and industrial impacts.
  • Bitcoin miners need to ensure they are assets back to the grid, not burdens, in order to find a welcoming counterparty to work with.
  • Bitcoin mining’s relentless drive to push down costs causes a lot of innovation on the edges, unlike traditional data center business models.
  • There’s been little change in the architecture of Bitcoin mining chips since 2014, presenting a huge disruptive improvement opportunity.
     

Bitcoin Mining and Decentralization

 
  • Bitcoin miners have a lot to contribute to the trend of decentralizing compute, reflecting the decentralized and secure nature of the Bitcoin network.
  • The AI Lobby with deeper pockets than the Bitcoin mining industry will be lobbying for more transmission capacity and better internet, which could benefit the electrical infrastructure.
  • Sovereign countries are beginning to operate their own mining pools to ensure no one can restrict them from transacting their Bitcoin, leading to a more decentralized future.
  • Concerns about censorship and filtering of non-compliant wallets in Bitcoin mining raise important questions about decentralization and government oversight.
  • “It’s not really a risk in the sense that as soon as that happens all the hash rate will flee that pool.”

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