Bail-out “Bitcoin bails out the UK” was not a headline I expected to see quite yet. Should it go ahead, the sale is likely to go down in history alongside Gordon Brown’s memorable decision in 1999 to sell 500 tonnes of Britain’s gold for $275/oz. That gold is now worth $40 billion and Gordon sold

Vanguard Back in December 2023 we covered that Vanguard was one of the few large fund managers who had not submitted a Bitcoin ETF application. I was rather supportive of their view at the time: “Even so, Vanguard are sticking to their knitting and not pretending to know what they don’t know. In my estimation

Big Beautiful Bill Our investment thesis was and remains that governments will spend money they don’t have at an accelerating rate. Demographics, and therefore politics, point to this. The monetisation of huge state debts is really a universal basic income of sorts. We will continue to pay for everything with money we don’t have. Accordingly,

Abundance The best example of abundance I can find for you this week is this https://chat.minimax.io/, a new Chinese AI model that you haven’t heard of. Minimax is free and works slightly differently from other models, largely because US export restrictions on chips mean it has to. This one is sixteen small models behaving like