Anthony Pompliano
๐ค SpeakerAppearances Over Time
Podcast Appearances
If Bitcoin has no retail bent, Bitcoin is worthless.
And I think that's what people don't understand, which is why I say, fuck all these bills, who cares?
Just DK every single one of them.
I hope Trump vetoes every single one of them.
We don't need it.
We didn't need it in 2009.
We didn't need it in 2018.
We certainly don't need it in 2026.
So basically, I have a chart up that I made on my Bloomberg.
And it's a spread between the first and the sixth contract out in the future for WTI oil futures prices, right?
And so I want to know the spread between the two.
So obviously, they pretty much track each other up until, was it February 28, whenever the war started.
Front month blows out to the upside because obviously we have this supply disruption, shut-ins, inability for lots of takers to get through the straight, and obviously pretty much the spot price of oil is very expensive.
But the back end, yes, it's gone up a bit, but it hasn't gone up nearly as much because I think the market
assumes, whether or not that's the right assumption or not, that over the short to medium term, something is going to, some accommodation is going to be made, and oil will go through the strait.
And so that's why this back end oil futures prices are not as nearly as high as the front end.
And so this is the spread that I'm tracking.
All that matters is, will the oil go through the strait or not?
It's very unfortunate that there's all these people dying in the Middle East.
But I'm sure for most of your readers, they don't live there.