Np; it's no different than any other asset or good. It's subject to supply and demand. However, to make a dent, huge amounts have to be tossed around. Large players like Central banks and institutions can move it around. Also, we move it around when we buy/sell in currencies. When we buy and sell stocks or other assets, we affect currencies as well since they're bought with their respective currencies typically. For example, the USTs are purchased in USD. You have to buy in USD. If a foreign investor wants USTs, they'll have to sell their currency and buy USD. Now multiply this transaction by millions of people in almost every second of the day. Another example, publicly traded American companies are traded in USD and foreign investors have to sell their own currency to buy American stocks in USD. Some stocks, as a result, have an ADR or will opt to list on an international exchange. The mechanics of which I'm not too familiar, but that has a direct affect on currency. If they trade on another exchange, then investors can trade in that currency. Fun fact: today, $211B of competitive bids for US1M and US2M bills were accepted. As a result, USD was used to purchase these US T-Bills.

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Microsoft was cooking their forecasts with circular financing towards OpenAI. They also own a good share of OpenAI. OpenAI burns money proportionally to their scale. Every time you talk to ChatGPT Microsoft is worth a little bit less than it used to. No one has guts to admit that AI doesn’t work, it works exceptionally as a proof of concept and tech-demo but there’s no sustainable business model behind it. One may argue that google figured it out but in fact google just raised my google for business price because they added AI features. They never asked me, they never gave me a chance to opt out and I don’t use it. That’s the most sustainable approach out there lol. All the chip providers are happy, especially given that they start building more and more specialized chips that naturally lock consumers into the current models and may be not good for any change that is a little bit disruptive.

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I remember when Crypto actually meant something. It was this weird, nerdy, anti-establishment thing. A way for young people to say “fuck you” to Wall Street sharks, banks, and giant investment firms that rig the game and call it “the market.” You didn’t need a suit. You could just opt in and out, making life-changing money on your own terms. It was hype. It was fresh. It felt like rebellion. Now? Now it’s a zero-intrinsic-value digital dog shit currency being shilled by boomers that missed the hype train.

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