Travel
Daily Ramble
The law of leaving: sedentary energy is the inverse of travel energy. Said another way, the longer you stay in one place, the harder it is to leave. Ever hear of paroled prisoners wanting to go back to prison? Yeah, pretty sure the law of leaving applies. I feel that today as my family plans a mini-escape. We picked up a camper van in Lisbon yesterday to spend the next few days on a lake near the Spanish border with some friends. At least that’s the bright hope.
The journey to exit has not been smooth, though. We spent about 20 minutes driving in circles trying to exit Lisbon with the camper van — it was an area neither my wife nor I knew well. Then, despite a fairly productive evening of getting food preparations completed, we both woke up on the wrong side of the bed to a house without power. We’re told it’ll take a few hours for the utility to make its way to us. Not that that stops us from getting out the door, but it didn’t speed up the process any.
Do we have enough go-juice in the tank to exit? That’s an open question. It’s been more than a year since we tried, and cutting the ties that bind us to our home, where we both work and live, seems to be a bigger chore than I’d realized. But the thought of spending some days letting myself resynchronize with the rhythms of nature, outside daily home life, is pretty enchanting. If you don’t hear from me on Monday, we got lost for an extra day…and I’m going to cut this a bit short to let the just-arrived utility guys fix our power. Wish us luck!
PSA: power restored — it’s the first time I’ve seen an electric meter failure, wild!
Favorite Things on the Interwebs Today
Someone reminded me of Jack Handey… I can’t believe I’d forgotten about his Deep Thoughts!
Bitcoin Price Prediction
Yesterday: $51.5k - $57k
Today: $51.6k - $58k
Weekend: $50k - $60k
Bitcoin’s price continues to consolidate as we head into the weekend. I don’t see a direction being chosen before the end of the day. Unfortunately, that will lead us to a potential weekend head fake. What do I mean? If we see Bitcoin move hard in either direction over the weekend, it’s typically been a signal to traders with deep pockets to take the opposite side when Monday comes. An up weekend leads to a down week and vice versa. I’m not saying that will happen, but it’s a pattern that’s played it frequently enough to note. That said, as long as we stay between $50k and $58k, we’re in consolidation mode, waiting for the market to decide if the next leg in price is up or down.
Bitcoin Q & A
Q: How does a US Bitcoin ETF impact the market?
A: Positively.
Many traders, institutional desks, and funds would prefer to hold a traditional security rather than Bitcoin. An ETF is a traditional security but regulated to hold the underly assets. In this case, a Bitcoin ETF would hold Bitcoin. Since learning how to hold Bitcoin directly is either too daunting or against internal fund controls, many entities have not taken a direct Bitcoin position. The recent Canadian ETFs that have come to market have done exceptionally well, despite their lack of access to American investors. I anticipate that a US Bitcoin ETF will open the flood gates for many investors who’ve been reluctant to take their first step.
Thanks for reading,
Kent
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