CIO & Founder @MNFund_ and @MNCapital_vc | Host of @new_era_finance | Macro-Economics, Value Based Investing & Trading | Crypto & Bitcoin Enthusiast
Amsterdam, The Netherlands
Joined May 2010
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A crazy weekly candle for $NEAR.
Perhaps we're close to a top.
Perhaps we'll continue towards $5.
If this corrects down towards $2.60-2.80, I'm going to be a buyer.
It's one of the best assets to have for this bull cycle, happily been accumulating around $1.
Herzlich gutentag,
I'll be buying the dips on $ETH, if there's going to be one.
Straight candle towards $81,000 after flipping $78,000 for support.
What a phenomenal chart it is.
Very likely the markets are proceeding towards $90,000 from here.
Where to buy?
I think if its going <$79,000 I'll be building a very strong position into #Bitcoin.
I asked Francis Hunt why market cap numbers feel less real to him every year. His answer stuck with me for the rest of the day.
"Market cap is not a valuation of a business. There's a complete delusion in valuation. These trillions of numbers are vaporware."
His point isn't that Amazon or any single stock is mispriced. It's what happens the moment more than a handful of people try to cash out at the same time:
"If everybody is required to sell, there's not enough money in the world to actually facilitate the buying for that market cap to be realized. If Bezos aimed to sell everything that's allegedly in his name in Amazon, there isn't a market. That has to be privately placed."
Think about what that actually means. The number on your portfolio screen isn't a guarantee, it's a price that holds only as long as most people never try to collect on it at once. It works exactly like a confidence game: everyone takes the last traded price as gospel, right up until the day the buyers simply aren't there.
That's why, in his telling, so much real activity in size happens off the visible market entirely, OTC desks, dark pools, private placements, precisely because the public "valuation" doesn't survive contact with real selling pressure.
His conclusion isn't that markets are fake. It's that the number you see and the money you could actually get out are two very different things, and most people only find out how different when it's too late to matter.
Full conversation on @new_era_finance
"Once you're in this system, you can check in, but you can't leave."
Francis Hunt (@themarketsniper) has a name for how the modern financial system works: Hotel California debt. A system built so it can only expand, never contract, and every exit door leads back inside.
The mechanism he walked me through explains the thing confusing everyone right now: why markets keep climbing while the fundamentals scream otherwise. It's not strength. It's the trap doing what traps do.
We cover:
- The long-term debt cycle, and why this one can't resolve quietly
- The Ernest Hemingway bankruptcy curve: systems fail slowly, then all at once
- The precedent nobody studied: Britain's 2022 pension crisis, where a slow leak became a bond market crash in days
- Forced sellers, collapsing prices, and why only cash buyers win that moment
- Why most investors are positioned for a world that's about to change under their feet
- Gold vs #Bitcoin as the exits from the hotel
Thanks to @OKX for being the sponsor of the show. Make sure to check their deposit bonus, this ends at August 31st.
Timestamps:
00:00 - The Long-Term Debt Cycle
02:52 - Hotel California Debt
07:14 - Why Markets Keep Rising
12:12 - Rates Are Spiking
15:21 - The Devaluation Chart
19:38 - Gold vs Bitcoin
24:19 - Trapped By Design
25:41 - The Market Cap Illusion
28:35 - Financial Purgatory
30:19 - Japan's Trap
32:12 - The End Of Gold-Backed Money
38:59 - Why Gold Was Suppressed
39:35 - Correction Of Distortions
41:31 - Sovereignty Over Your Assets
42:41 - What's Next For Gold
Hitting new highs.
FOMO account is now at $10,500.
Let’s go!
Join me here and get 10% off fees:
fomo.family/r/CryptoMichNL
$NEAR is such a fabulous chart.
Probably we'll be getting near towards a short-term top on this one, and therefore, buying the dip is the game.
Next target remains to be $5 for me.
