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Today's Summary

Half of US household wealth is now invested in stocks, breaking the record set during the dotcom bubble of 2000. Sakana AI might succeed, but the most likely outcome is that the company will fail. Japan imports most of its food and energy, so the weak yen is increasing the cost. VanEck released a new report on Bitcoins long-term capital market assumptions today, projecting strong growth over the next several decades. Annualized BTC volatility is modeled at 40–70%, comparable to frontier equities or early-stage tech. South Korea is reportedly preparing to open its financial markets to spot bitcoin exchange-traded funds this year. Future of global energy balance depends on results of high-stakes battle between petro-states and electro-states. Growing Russian exports of LNG to China could also be a factor in LNG market forecasts. Smart Cashtags will let users tag specific stocks or crypto assets.