The 5 best alpha tweets I bookmarked this week:
1. Crypto in 401ks Why crypto in 401ks is bigger news than the ETFs.
Tom Dunleavy
Tom Dunleavy7.8. klo 20.03
Crypto in 401ks is WAY WAY BIGGER news than the ETFs In the US, roughly 100 million Americans have a retirement investment vehicle known as a 401(k). Every 2 weeks, a portion of their paychecks are routed directly into purchasing a mixture of stocks and bonds. On autopilot. No discretion, just direct purchases based on their predefined allocations. Most Americans adjust these allocations annually, if at all. This is a HUGE driver of the equity market run and resilience over the past 20 years. A constant background bid for assets. In aggregate, this is ~$12T in assets with ~$50B of new capital flowing in every 2 weeks! At a 1% portfolio allocation to crypto brings $120B in new flows At a 3% portfolio allocation to crypto brings $360B in new flows At a 5% portfolio allocation to crypto brings $600B in new flows and these aren't one time flows. THEY KEEP BUYING ONCE ALLOCATIONS ARE SET. 401ks + DATs w/ at the money shelves put a ridiculous floor of crypto going forward and move the limit from the moon to jupiter. Strap in 🫡
2. Chainlink Reserve Chainlink have flipped the switch.
Zach Rynes | CLG
Zach Rynes | CLG7.8. klo 21.11
JUST IN: @chainlink has officially launched the Chainlink Reserve 👀 This economic upgrade creates a strategic LINK reserve funded by onchain & offchain revenue Institutional adoption → protocol revenue → LINK purchases → Reserve Here's what this means for $LINK 🧵👇
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