-
Bitcoin Overtakes Berkshire, Gold Dumped Off Record Pump, Bonds & Big-Tech Slump
Another day, another set of shitty data dragged US macro surprise index down to lowest since May... chart And before today's surge in the dollar and bond yields, financial conditions had dramatically eased to their loosest since early August... chart But - the big story of the day was bitcoin and bullion. Bitcoin ripped back above $42,000 for the first time since April 2022 - erasing all the TerraUSD/3AC crisis losses from last year... That pushed Bitcoin's market cap above that of Berkshire Hathaway (as Munger turns over in his grave)... chart Gold hit a new (nominal) record high overnight at $2135... chart ... (full story)