Ten31 Timestamp: Spirit of '63
Marty and John Arnold dig into Anthropic's S-1 numbers, Meta's first negative free cash flow quarter in over a decade, and why Treasury Secretary Bessent is invoking Lincoln's National Currency Act of 1863 to sell stablecoins. 🔗 https://bitcoinproducts.com In this episode: Anthropic's S-1, revenue per dollar of compute, and Fortune 500 penetration Meta's CapEx surge, negative free cash flow, and $95B equity raise plan Why GPU rental prices keep rising while bears call the bubble Gulf oil and LNG flows back above pre-war levels The Qatar LNG deal, Henry Hub, and a possible Russia Ukraine peace deal Reshoring, China export controls, and a bifurcating world The 1863 National Currency Act, the GENIUS Act, and T-bill backed digital dollars Gold convertibility in 1879 and what it means for gold and the Bitcoin reserve TIMESTAMPS: 00:00:00 - First take on Anthropic's S-1 00:01:54 - Revenue per dollar of compute 00:02:36 - Net dollar retention and Fortune 500 penetration 00:04:05 - The new slides 00:05:02 - Meta financials and CapEx 00:06:43 - Meta's equity raise and new share class 00:07:24 - Muse launch and the stock selloff 00:08:38 - Operating cash flow versus CapEx 00:10:17 - Muse user growth versus ChatGPT 00:12:04 - GPU rental prices keep rising 00:16:35 - Gulf oil volumes above pre-war levels 00:18:48 - US LNG deal with Qatar 00:19:30 - Russia Ukraine peace talks and Nord Stream 00:21:40 - Bifurcation and the reshoring push 00:24:20 - Terafab, drug supply chains, and China export controls 00:26:22 - The 1863 parallel 00:27:51 - OCC finalizes GENIUS Act rules 00:29:58 - National bank notes versus stablecoins 00:32:12 - Sizing the digital dollar opportunity 00:34:37 - Inflation and the Fed's role 00:38:20 - The Resumption Act and gold convertibility 00:40:49 - Gold reserves and the Strategic Bitcoin Reserve 00:44:28 - MAGA slop or real strategy SUBSCRIBE › Newsletter (free): https://tftc.io/bitcoin-brief/› YouTube: https://youtube.com/@TFTC?sub_confirmation=1 FOLLOW US › X: https://x.com/tftc21› Nostr: https://primal.net/tftc FOLLOW MARTY › X: https://x.com/MartyBent › Timestamp: https://www.ten31timestamp.com/› John Arnold: https://x.com/JohnArnoldTen31› Ten31: https://ten31.xyz TFTC #MartyBent #JohnArnold #Stablecoins #AI #Energy #Bitcoin