The Bitcoin Open
Friday May 1st, 2026 - Issue # 131
(Any views expressed below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.)
Morning folks,
It’s been a couple weeks since my last note. I was in El Salvador for the DAS conference and meetings, then came home and rolled straight into my bachelor party, which means I’ve basically spent the last few weeks travelling, catching up, and trying to keep my head above water while pretending to be a functioning adult.
My body is probably more leveraged than the US government balance sheet right now.
I sat down this week to write a proper macro note because, objectively, there is a lot to talk about. Powell’s final stretch at the Fed, Kevin Warsh waiting in the wings, oil over $100, stocks ripping, geopolitical risk somehow fading from everyone’s attention span, and bitcoin quietly sitting in the corner while everyone else is back to shotgunning risk.
But if I’m being honest, the piece felt forced. I need to take the weekend to fully focus and catch up on all of my reading. I’d rather not send you something just to say I sent something.
The truth is, I think the setup is getting really interesting. Markets feel extremely euphoric. I feel extremely sidelined. The macro risks have not disappeared. The Fed is about to become more political. The debt picture keeps getting worse. And bitcoin is quiet, which is usually a sign that something is coming.
This chart is so wild. Six weeks ago that all the famous traders and macro pundits were calling for the end due to oil over $100. It just looks like AI has just fully taken over for better or for worse because they were all dead wrong. The spending is out of control - it’s no wonder why the markets had the second best April ever.
Anyway, next week I’m going to be sharp as a tack and will give more thoughtful analysis of where we’re at.
So instead of forcing it this week, I wanted to highlight something we’ve been working on that I’m genuinely excited about.
On June 8th, we’re hosting The Bitcoin Open at Glen Abbey in Oakville, one of Canada’s most iconic golf courses.
It’s the inaugural golf and poker event for the Bitcoin and capital allocator crowd. Investors, founders, operators, family offices, finance people, and Bitcoiners all in one place. No panel stage. No awkward conference ballroom. No forced networking over stale coffee.
Just scramble-format golf, Texas Hold’em poker, food, drinks, amazing prizes, two chances to win 1 BTC, and real conversation. If I see you standing in the corner, I will forcibly drag you into one.
Bitcoin may be digital, but we’re not (yet) and I’d like to keep it that way for now. It’s important to actually get out there and meet like-minded people who are successful in different arenas but all share one common interest: magic internet money.
That’s exactly what we want The Bitcoin Open to be. A day away from the charts, the headlines, and the macro noise with people who are actually paying attention.
We still have some spots left for golfers, poker players, and sponsors. As a thank you to subscribers, we’re offering a VIP discount as early-bird ticket prices ended yesterday. If you’re interested in joining us or want more details, reply to this email or reach out directly and we’ll take care of you 🤜 🤛
I’ll be back next week with a proper macro note. For now, I’m going to stop pretending I can write a clean essay after my travels and unlike Jay Pow at the end of his last FOMC meeting this week - I will definitely see you next time.
