Thread by @RyanRadloff

1/ The next bitcoin monetary supply halving in May ‘20 is coming at an important moment

The last 40 years of financial crises have occurred right after treasury curves become inverted & spread dips below zero

#Bitcoin was created shortly after the last time this happened

👇

2/ March 2019 marks the first time we have seen these spreads dip below zero since the birth of #bitcoin

3/ the yield curve is artificially inverted because of the Fed’s market-distorting quantitative easing program, a jump in Treasury bill issuance and low global interest rates have

4/ “economists” (quotations around the word because I think it’s a joke of a field) debate whether inverse yield curves are a predictive indicator or simply a catalyst of recessions because inverted yield curves dampen willingness of banks to lend which hurts bizzness

5/ The work put in over last 10 yrs building the “highways” for institutional capital to flow into #bitcoin via: regulated funds, ETPs, futures & custodians is about to become more important than ever

We’ve gone from “garage band startups” to @Nasdaq @CMEGroup @DigitalAssets

6/ Couple the “institutional highways” with the grass roots infrastructure that has made consumer access to #bitcoin easier via wallets @blockchain (35M wallets) & exchanges @coinbase (25M users) means that bitcoin is going to be a new economic force to consider this time around

7/ Prediction: this tweet storm will age well & #bitcoin is positioned perfectly for the uncertainty of the next 24 months

“Long bitcoin short the banks” -@APompliano