@MI I see you’re the usual optimist
(I’m joking I really appreciate your takes). With cryptos, it’s fascinating to see the level of correlation between tether’s printing (it’s very blatant now that they aren’t backed almost at all - they are under investigation from the DOJ and somehow people are sending them billions per week…) and BTC price.
They print -> it goes up.
Almost as if someone was pushing Bitcoin prices up with funny money.
On uranium, it’s 100% a squeeze play, read about it following @kuppy.
Basically the narrative is
Production doesn’t meet demand now
Enter Sprott fund which is legally obliged to be a price insensitive buyer
Nuclear plants must buy uranium at almost any price
Big potential for a meltup
I put something around 0.5% of my NW into it. I guess it’s some sort of FOMO on the recent gigantic gains everybody seems to ha love been doing in the last two years with either meme stocks, fake currencies and jpegs of rocks.
I know/believe all of this will come crushing down to zero sooner or later, which is why I still own 0 crypto, 0 meme stocks and 0 NFTs (and focused on boringly profitable stuff), but I am not 100% impermeable to what happens around me.
Uranium squeeze seemed like a way for me to “jump in”, but I’m doing it with something that has a real use.
It is morally disgusting to me to try and profit from the public need for uranium, which is why I’m thinking I will give 50% of any net gains to charity (and will be weirdly happy if I lost some money)
