Rejoice, Peter Schiff.

It’s getting pretty rough in international markets, and there’s only one boat keeping out water: gold.

The shiny yellow metal is up some 70% over the past 2 years and broke $3,400 just this morning. For context, the current price rise is eerily similar in scale to the 2008 Financial Crisis and 2020 Covid Pandemic.

Moreover, there’s lots of buyers for gold, particularly China. Per Reuters, China has been aggressively purchasing gold bullion from London markets since the Russo-Ukrainian conflict began in 2022. Why? Likely because Uncle Sam froze Putin’s U.S.-based funds following the outbreak of conflict in Europe, a disruption China would seemingly wish to prevent (hint, hint Taiwan).

Bitcoin also rose this morning, climbing back to $88,000. For investors, the hope is a bullish gold thesis spills into bullish Bitcoin sentiment, QCP noted in a Telegram broadcast this morning.

We’re still waiting for the bid, however. Bitcoin ETFs registered only a slight increase last week of $15 million, per SoSoValue. For now, we remain in the waiting game.

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Charles Schwab likely to launch spot crypto trading within 12 months

The financial giant claims some 44 million users across its retirement, investment and banking products with over $10 trillion under management - link

Jerome Powell’s “termination cannot come fast enough,” Trump says

The tweet came in response to the European Central Bank (ECB) lowering rates - link

Trump token unlocks 40 million tokens

While only 4% of the total supply of 1 billion, the unlock increased the current circulating supply by 20%, from 200 million to 240 million - link

ByBit CEO says 27% of North Korean hacked funds have ‘gone dark’

“The untraceable funds primarily flowed into mixers then through bridges to P2P and OTC platforms. Recently, we have observed that the mixer mainly used by the DPRK is Wasabi. After a certain amount of BTC was washed through Wasabi, a small portion of it entered CryptoMixer, Tornado Cash and Railgun,” ByBit CEO Ben Zhou tweeted - link

Debate: Do VC-backed tokens have value?

Watch the latest Gwart Show on Blockspace, a debate between Haseeb Qureshi and Tarun Chitra about whether VC-funded tokens are vaporware or valuable investments. They tackle fundamental questions about crypto market structure, token valuation models, and the long-term economics of L1 blockchains. Is there a carrying capacity for tokens? Are smart contract platforms overvalued? Will L1s converge to their utility value or maintain monetary premiums?

Staying One Step Ahead of The Game

Luxor Pool miners instantly convert hashrate into financing for fleet expansion. Unlock the next phase of growth for your operations today - link

Happy Easter Monday!