Back to our Seattle office today. The day was really rainy, normally when it rains in Seattle it has a very light drizzle, but today it was really pouring! We even had thunder, which is also very uncommon for Seattle area.
Because of the weather traffic was terrible as well. I did use the light rail after my wife dropped me off on the way to drop off our daughter in school.
In the office it is really loud as everyone around me is talking all the time on Teams online meetings and trying to outshout each other. Makes really difficult to focus on doing anything.
During my lunch time I had some home cooked food that my wife packed for me to take to work and then went to the office gym. I had a really good weight lifting workout. It helps to have a different pull up bar and a variety of machines in addition to the full rack of free weights.
Saw on the news today that IBM is laying off about three thousand people. According to their press release they are optimizing their workforce.
I think they are getting ready for a smaller workforce for the time when Ai is ready to replace a bunch of employees.
Today I reviewed my Splinterlands season and was surprised to see that in the last season SPS token has really outperformed Hive token. Splinterlands SPS token is down two percent in the last three months and Hive is down over fifty percent.
That might mean that Hive is actually a better buy than SPS at this time. Though SPS has a positive price catalyst in the next month or two. They have a mini set coming out that is priced in SPS and right now you can buy SPS and get a nice discount on those mini set packs.
Crypto market in general had a nice bounce today. Bitcoin is up to 103K and Etherium is recovering. Hive went up to eleven cents again. This could be related to the frosty reception of the Trump administration tariffs by the Supreme Court or it could be simply because everyone is so bearish and expecting more downside action.
People are saying that the bull market is over and that means that prices are about to turn around. I think that we will have an extended crypto cycle this time.
My reasons for thinking that is because we have institutional adoption this time around and most Altcoins didn't reach levels that are several times higher than the highs of the last bull cycle.
Additionally the mid term elections are just a year away and for Republicans to stay in power they have to prop up the markets especially after the election yesterday showed that Democratic party is down and out.
So lower rates and easy monetary policy is on the agenda right now and that should help crypto and stock market.
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