What one must know (lest one be left behind in the parlour gossip):
- The American penchant for accumulating debt resembles the immoderate shopping habits of a prodigal niece with a never-closed purse. In consequence, the allure of bitcoin—an entity more rare and, perhaps, more sensible than a barouche with working wheels—has drawn the attention of none other than Sir Ray Dalio. He opines that, should the nation refuse to tighten its belt, society may shortly experience “big, painful disruptions,” which, one presumes, shall not include a reduction in balls or tea.
- July, the very entertainment of summer in the countryside, is statistically disposed to favour bitcoin. With a usual gain approaching 7%, it is rather more reliable than Miss Lydia’s declarations of affection. Thus, as the price cavorts above $100,000, confidence abounds amongst the digitally enlightened. 🍸
One must confess that bitcoin presently stands on the verge of a new all-time high this July, buoyed by powerful economic airs and gusts of market optimism that would send any respectable debutante’s curls a-flutter.
at $109,000, she stands but a whisper away (less than 3%) from the splendid heights attained in May.
Let us consider M2, not a debutante’s codename, but America’s money supply, now swollen to a not-at-all-delicate $21.9 trillion, growing as rapidly as Lady Catherine de Bourgh’s disdain for the Bennets. This overflowing purse compels gentlemen and gentlewomen alike to search for investments with more mettle, since the government debt is increasing at such a pace that even Mrs. Bennet might lose her composure.
Sir Ray Dalio, ever the thoughtful patron, warns that President Trump’s rather grand “Big Beautiful Bill” secures an allowance of some $7 trillion a year, though the family’s income remains a miserly $5 trillion. If one were to persist in such extravagance, the nation’s debts shall soon leap from 100% of GDP to a dizzying 130%, which is an arithmetic Miss Bingley herself would struggle to express without need of a fainting couch.
“Unless this path is soon rectified to bring the budget deficit from roughly 7% of GDP to about 3% by making adjustments to spending, taxes, and interest rates, big, painful disruptions will likely occur,” penned Dalio upon the digital letterbox of ‘X’, no doubt whilst sipping strong tea and shaking his head in some private amusement.
July, ever the favourite of the investing Season, has historically favoured bitcoin to the tune of a 7% gain—enough to inspire even the most prudent to risk a small flutter. All prudent observers agree (between dances, of course) that a new record for bitcoin may be imminent. Thus concludes our tale, one of rising fortunes, surprising pairings, and the eternal mystery of what precisely a blockchain is. 💃📈
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2025-07-04 14:44