It is so painful to watch this fumbling. Jane Street may be taking a position in IBIT, but that position is almost entirely offset by undisclosed options (on IBIT) and futures positions. They are certainly not “accumulating” a position in Bitcoin. That’s how market making works

The scary part is tariffs HAVE increased inflation. The lagging and imputed portions of CPI are the only remaining sources of inflation. We may get a hit from oil some day, but inflation RATE is no longer the problem. And...