Yeah, Tether certainly was the thing in Argentina when I was there last October/November. I forgot to bring US dollars, so I ended up selling tethers to my taxi driver (lol) who wanted to get rid of his Argentine Pesos and offered an exchange rate that was twice as good as what I got if I used a debit/credit card. Blue dollar, they called it – before Milei, anyway. They had (physical) crypto shops here and there too, but you can find those in other South American countries as well.
I read a lot of macro content, and can confidently say your work is one of the absolute best! Thank you Brent.
Excellent Brent...
Yeah, Tether certainly was the thing in Argentina when I was there last October/November. I forgot to bring US dollars, so I ended up selling tethers to my taxi driver (lol) who wanted to get rid of his Argentine Pesos and offered an exchange rate that was twice as good as what I got if I used a debit/credit card. Blue dollar, they called it – before Milei, anyway. They had (physical) crypto shops here and there too, but you can find those in other South American countries as well.
Always an informative fun read. Thx.
Interesting thanks man
This was particularly good (esp. your comments about the importance of carry, and the 3X Nasdaq & BTC correlation.
Stablecoin Terra Luna crashed and TQQQ has issuer risk, according to Jakob Debus
Thanks Brent. I had a bad month January, so have decided to re-read AlphaTrader two years after the first time, best trading book I’ve read.
“But USD fiat debases very, very slowly and almost any asset you buy is going to hedge you against fiat debasement anyway”
Q: do you have examples of assets that don’t hedge you against fiat debasement?