When you're having a drink at the Honourable Artillerty Company and a Passing Out Parade suddenly takes place and we are instructed to be silent during inspection. So wonderfully British. I love it.

GM from London!

oooh, so close, Bitcoin ETFs, so close ....

I love looking at the notice boards in tiny village shops, there awlways really local weird stuff going on. However, should I be concerned at the number of missing cats? This seems statistically high ....

This morning's Bitcoin difficulty adjustment was the biggest increase for some time (+4.1634%), yet we're still 6.73% down on the same date last year. IMO, the AI power rotation is slowing, but is there more to go? We'll see.

I'm not proper technical when it comes to electrical engineering, I only know 'it's complicated'. I've always wondered why a) we have to have a 12v battery in an EV when the whole darn thing is electric and b) why we don't have solar panels on the roof to constantly trickle charge the battery. Looks like the 12v battery may go the way of the dodo now, and there is a new generation of cars using solar to power on-board equipment only (rather than the battery), which is a step forward but still, I am missing a piece of the puzzle. Time for a deep dive with Claude I suspect.

As an EV driver you don't tend to pay regular attention to fuel prices, it's simply something you never buy, so you quickly lose the habit. So it was a bit of a shock to walk past the local garage last night & see this. So, a typical medium-large tank (say 60 litres) would now cost £107.94 to fill up with petrol? A large SUV with a 90-litre tank would cost £179.01 in diesel? Wow. As an economist, I understand the underlying reasons (none of which are good) but, even so, actually seeing it in 'green & black' is quite something. Petrol is now £8.19 a gallon ($10.91) Diesel is now £9.05 a gallon ($12.07) We are so cooked.

Heading back up to the old smoke for the Aquis Academy. Trains are only 7 mins late, which is think is some kind of record these days. Re-reading 'The Fiat Standard' by @saifedean on the way (left my previous copy on a plane with only 2 chapters to go, hope someone enjoyed!

This is my nan. This photo was her 16th birthday present and taken in 1934. This was a very, very big thing for her. Her family had no money whatsoever. She lived in London throughout WWII, enduring the blitz, had a family, faced some incredibly tough times that most of us can't even begin to comprehend & yet managed to stay level-headed, optimistic &, most of all, incredibly kind throughout her entire life. She and I were very close. We lost her 12 years ago today at the ripe old age of 97. Yet there is not a day that goes by where we don't talk about her in some way. She never made money, but she had the love, respect and admiration of all who knew her. She was never short of visitors in her last years; she was someone you just wanted to be around as much as possible. THAT's how you create a lasting legacy. Thank you for showing us how it's done, nan!

Heading up to London this evening for the @AntidoteBTC Demo Day. After yesterday's airport debacle that grounded 1000s of flights, we're now faced with a train debacle. Guess I'll be arriving late then. And no seat, I guess. Do I get a discount? (Don't worry, I already know the answer.) We're now at a point in this country that if you manage to arrive at your destination on the same day you left, you're grateful. We're a joke.

An interesting 28-day period in terms of Bitcoin mining difficulty adjustment, back where we were in August &, in fact, we first hit 127.45T in Aug 2025. Marginal miners always drop out in prolonged adverse conditions, but the alternate AI option has accelerated that this time.

Been following the Piddington story. Just had to visit. What a beautiful, stunningly well kept place. This is, without a doubt, one of the craziest decisions possible & would have a devastating impact on the community. We're with you @PiddingtonRoars

Interesting 2 mins on the Bitcoin chart there ...

It's been under wraps for a while, so I'm pleased to be able to talk about it publicly at last! Have already spent some time with the people behind this & have an inkling of what lies ahead. Excited & ready to go!

Well, I'm convinced! OK @Nexo sending all private details over now ... for 'verificaiton'.

Current mood ...

Back out in beautiful (but definitely dry) England today. Am I doing it right @DominicFrisby ?

First full week of Bitcoin ETF inflows for ... well, ages. I find that quite interesting given the wider macro position & the GoldCard/self-custody fiasco of late. My 'go-to' view would normally be that this cohort is more risk-averse than others. Makes me wonder whether some capital that would previously have been comfortable with self-custody is, at least temporarily, opting for institutional custody instead. Thoughts?

Monday's Investment Webinar was a little different this time with an inside view of our in-house AI systems that power our model, forecast, GTM strategy & market size. We now have a deep understanding of where the opportunities are, how big they are, how to reach them and how to deliver them. It's pretty cool stuff. And, yes, you bet we're forecasting returns higher than Bitcoin's hurdle rate. That's the accelerator effect of hedging real-time energy trading against Bitcoin's hashprice using zero-cost power. You can check out how we do it and how you can participate in this round here via our investor portal here: renewablox.com/investor-port…

My last visit to the centre of San Salvador – these very streets and square - was now 3.5 years ago. I barely recognise it. The changes are breathtaking. Incredible work.