The majority of the move in equities this year has been driven by the change in the RFR. That is now changing. Equities are pricing in a real earnings recession now, breaking the correlation with yields.
Many have questions about Core Scientific right now:

- How did they get into this mess?
- Who do they owe money to?
- What could be the outcomes of this situation?
- How could a bankruptcy affect the mining ecosystem?

In this thread, I try to answer these questions 🧵
Is Bitcoin better than Gold for oil?

In a recent podcast by @ttmygh and @LukeGromen I heard the phrase “keeping the Dollar as good as Gold for Oil”.

They discuss how the turn of events in 🇺🇦 and 🇷🇺 is part of the bigger scheme of unraveling the Dollar as reserve currency.

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