👑 How to make it with less than $10K

GM everyone. This is 2036, the crypto newsletter that pays you.

Today is Favorite Friday, where we serve up the resources we most enjoyed this week 🍲.

So if you're looking for content to dig into this weekend, this is your list...

🥢 Our Favorite Resources

What we most enjoyed this week

1/ King Arthur 👑 on how to invest in the next few months 

Arthur Hayes - the first African-American crypto billionaire - is back with an absolute banger of an essay.

I’ve said this before, and I’ll say it again for the kids in the back - if you only read one thing in crypto outside of 2036, it should be Arthur’s essays.

This one is a masterclass in economics and finance explained like you’re a normal human being.

Here are some quotes…

• “After Europe blew itself up in WW2, the US was able to build and grow a manufacturing economy which was so profitable and unchallenged that by the 1980’s, America was very rich and on a strong growth trajectory. There was a large educated young workforce (the Baby Boomers) who had ample cheap energy, and the government had little debt.

• In 1980 US debt-to-GDP was 30%. Today, it is 118%.

• If debt grows at the same pace as nominal GDP, then it is sustainable; when it is growing at close to double nominal GDP growth, it is no bueno.

• When you hand money to rich people, they spend more on services and they buy more financial assets.

• Powell and his staff are laser-focused on getting services measure of inflation to decline markedly. But how can it decline if every time they apply the medicine (a rise in interest rates), it actually makes the biggest services spenders wealthier?

• Apart from big tech and crypto, nothing else returns more than just parking your money with the Fed earning close to 6%.

• The ongoing crypto crackdown in the US and West, in general, is focused on making it hard to do business for operators who don’t power lunch at The Racquet & Tennis Club on Park Ave in New York.

• Ponder this: how is it that the Winklevii – two tall, handsome, Harvard-educated, cis-gendered, tech billionaire men – couldn’t get their Bitcoin ETF approved in America, but it appears it's going to be smooth sailing for crusty old Larry Fink over at BlackRock? Crypto itself was never the problem – this issue is who owns it.

And my favorite one…”A Fed-sanctioned economist publishing a paper on the Fed’s website just told you the future, are you fucking listening????!!!!”

He owns crypto and cash and thinks bitcoin will spend the beginning of Q3 chopping around $25,000.

Read it in full here.

2/ Is this the end of merchant fees?

As consumers, we’ve gotten used to merchants and payment processors quietly taking 3-4% out of every transaction we do online.

But yesterday, Shopify announced they were partnering with Solana, and enabling payments in USDC (a stablecoin).

This is much bigger news than most people realize because the average transaction cost on Solana is $0.00025.

In the long term, the market will settle on a middle that works for both consumers and financial intermediaries. But the war for lower fees has begun.

A great use case for crypto.

🐦 A couple of Tweets we found interesting

The best of the bird

FYI, we previewed a new ‘airdrop’ section in our newsletter yesterday with the easiest and most lucrative airdrops (with step-by-step guides). You’ll find them in every newsletter going forward… 🔥

• Green, green, green, red…

• Green, green, green, red…

• Green, green, green, red…

• Green?

🏆 The winner of this week’s task

Earn $30 in BTC for a summary of The Case For $500K Bitcoin

Thank you to everyone who participated in this week’s task.

Here’s a list of all the participants as well as the winner.

Congratulations to Ethan 👏 - your $30 in BTC are on their way.

Paid tasks will resume next week.

🖼️ Crypto meme of the day

From across the world wide information superhighway

🍵 This newsletter is for you…