Two objective factors have kept the U.S. capital markets booming over the past two years
1. Trump’s forceful push to bring capital back to the U.S. and pressure on tech giants to invest domestically.
2. Nvidia rode that wave of aggressive capital spending into a crazed cycle of leveraged revolving loans. Many of them were backed by Huang’s verbal assurances, especially within the supply chain.
Apart from that, everything else seems pretty minor. You could say the boom is both real and illusory. That’s also why, after I quit my job without another one lined up, the U.S. government started assessing whether Huang had taken America hostage.
But I lost interest in the semiconductor industry a long, long time ago—memory, graphics cards, whatever.
It’s all fucking ephemeral. Anyone—person or institution—who didn’t get slapped around by memory stocks over the past two months naturally won’t get hit by this Nvidia whack either.
When a market starts to look like a casino, staying out is the best choice. Crypto is small compared with other asset classes; it’s just that the market structure has problems. Its long-term potential is far greater than that of the stock market.
1BTC=1BTC
Everything else is ephemeral
$BTC $ETH #btc #eth
1. Trump’s forceful push to bring capital back to the U.S. and pressure on tech giants to invest domestically.
2. Nvidia rode that wave of aggressive capital spending into a crazed cycle of leveraged revolving loans. Many of them were backed by Huang’s verbal assurances, especially within the supply chain.
Apart from that, everything else seems pretty minor. You could say the boom is both real and illusory. That’s also why, after I quit my job without another one lined up, the U.S. government started assessing whether Huang had taken America hostage.
But I lost interest in the semiconductor industry a long, long time ago—memory, graphics cards, whatever.
It’s all fucking ephemeral. Anyone—person or institution—who didn’t get slapped around by memory stocks over the past two months naturally won’t get hit by this Nvidia whack either.
When a market starts to look like a casino, staying out is the best choice. Crypto is small compared with other asset classes; it’s just that the market structure has problems. Its long-term potential is far greater than that of the stock market.
1BTC=1BTC
Everything else is ephemeral
$BTC $ETH #btc #eth