BTC Price: $97.9 – 102.5k (or) £78.7 – 81.9k
Fear & Greed: 76
Hashrate: 912 – 708 EH/s
Nodes: 20,600
MSTR Price: $377

Bitcoin is now back above 100k, the bears are in disbelief and we could see 110k by the end of next week or perhaps even sooner. MSTR has also pulled back, despite Saylor hitting the ATM once more.

But things aren’t looking too great for the UK. Businesses have been raising the alarm bells ever since Labour’s budget. Prices are going to be raised to cover for the NI tax raise and a workforce will be sought from abroad where it can be to offset the cost of employing UK workers. Inflation is back on the table, and in a country that has been stagnant since ’08, we are now on the cusp of once more sliding into recession.

2025 is going to be rough.

If the UK is ever to get out of this dreadful economic spiral it needs to do one thing.

Cut taxes. All of them.

Cutting taxes and encouraging entrepreneurship is the only way to change the tide. People have to be incentivised to go out, produce and innovate.

But we aren’t doing that in the UK. On average, we are 40% worse off than the average American. If you earn 3-4 times the average wage in the UK, you’re on the highest tax bracket. It’s utter insanity, and it speaks to a broken system for a broken country, and more and more, a broken people. That is why we are now on the cusp of a political revolution in this country. The people have had enough, and I suspect that the recession of 2025 which is sure to come will see that revolution come to fruition. Both the conservatives and labour are finished. Reform stands a good chance to win the next general election, and if they don’t win the next, they will most certainly win the one that comes after.

I say that with conviction because there are two ways of acquiring wealth. You can acquire it through the free market, through production and voluntary exchange. It is called the ‘economic means’ as Franz Oppenheimer termed it.

The other method of acquiring is wealth is far more sinister, and it is what has gotten the UK into this dreadful mess. It is the method of robbery and violence. It is taxation, theft and coercion. It is propaganda, deceit and lies.

It is what is called the ‘political means.’

But I could be wrong. Labour could continue to govern or even win the next general election and all the while the UK economy stays away from a recession. The limp-willed battle between the Tories and Labour could continue, and the UK could just stagnate ever further whilst it’s people just put up with it a little longer. I could be wrong.

But I doubt it.

We are reaching a tipping point.

And the GFC of 2008 is about to be to look like child’s play.

Strap in folks.

It’s going to get bumpy.