Core Viewpoint - The current gold bull market has seen prices surge to $4,250/ounce, marking a 60% increase year-to-date, with expectations for continued outperformance through the decade [2][3][4]. Group 1: Reasons for Bullish Outlook on Gold - Foreign central banks are net buyers of gold, reversing a trend of net selling prior to the 2008 financial crisis, driven by concerns over U.S. Treasury bonds and geopolitical tensions [8]. - Persistent inflation remains above the Federal Reserve's target of 2%, with expectations for re-acceleration due to factors like a depreciating dollar and high fiscal deficits, leading investors to seek scarce assets like gold [8]. - The relative geopolitical and economic power of the U.S. is declining, with its share of global GDP dropping to 12.7% from 35% in 1944, prompting countries to trade in local currencies and increasing gold's appeal as a reserve asset [8]. - Gold is becoming more useful as a neutral reserve asset, with a growing share of international trade being conducted in local currencies and imbalances settled in gold [8]. - Western investors are under-allocated in gold compared to Asian investors, with U.S. family offices holding only about 1% in commodities, indicating potential for increased demand as allocations shift [8]. - Physical gold stores in the West are low and declining, with significant quantities moving to Eastern countries, which could lead to price increases as shortages develop [8]. - The global Debt/GDP ratio is at an all-time high, with countries likely to alleviate debt issues through currency depreciation against gold, supporting higher gold prices [8]. - Trust in U.S. institutions, including the Federal Reserve, is declining, which historically correlates with rising gold prices [8]. - The Trump administration's desire for a lower dollar is evident, with the dollar index declining by about 10% in 2025, enhancing gold's performance in dollar terms [8]. - Gold remains inexpensive relative to the U.S. monetary base, with the value of gold owned by the U.S. government representing only 15% of the monetary base, suggesting significant upside potential [9]. Group 2: Fund Performance and Strategy - The Appleseed Fund Institutional Class generated a 19.14% absolute return over the 12 months ending September 30, 2025, outperforming the Morningstar Global Markets Index [12]. - The fund has been positioned for an inflationary, slow-growth economy, with a cautious approach that has limited investment returns during a strong stock market rally [12]. - The fund's current asset allocation favors sectors such as consumer staples, healthcare, and agriculture, with increased exposure to companies with non-U.S. dollar cash flows [15].

RT Nick Szabo (@NickSzabo4)(1) It's entirely possible to make private layer 2s for it (indeed there already are, but they face tough opposition from regulators, including ironically central banks)(2) As an inherently superior reserve asset to both gold and government bonds (in so many ways), if central banks don't use it, they will gradually (perhaps in some cases faster than gradually) lose their financial power, they won't be central anymore, and their functions will be replaced by other entities that do ...

Core Insights - CleanCore Solutions, Inc. has acquired an additional 100 million Dogecoin (DOGE), increasing its total holdings to over 600 million DOGE, with a target of reaching 1 billion DOGE within 30 days [1][2] - The long-term goal is to acquire up to 5% of Dogecoin's circulating supply, positioning CleanCore as a central treasury for the Dogecoin ecosystem [1] - The price of DOGE has increased from approximately US$0.2417 to the US$0.27–US$0.30 range since the launch of the Official Dogecoin Treasury, indicating positive market sentiment [2] Company Strategy - The treasury strategy aims to establish Dogecoin as a premier reserve asset while promoting its use in payments, tokenization, staking-like products, and remittances [2] - CleanCore's disciplined accumulation approach is designed to build a sustainable reserve base and enhance the broader adoption of Dogecoin [1][2] Related Entities - House of Doge, the corporate arm of the Dogecoin Foundation, is focused on advancing Dogecoin as a decentralized global currency and investing in necessary infrastructure for its everyday use [4] - The initiatives by House of Doge include developing financial products, real-world asset tokenization, and establishing a treasury strategy to support long-term utility and growth of Dogecoin [4]

Cryptocurrency Market Perspective - The cryptocurrency industry views ETH (Ethereum) as a store of value, similar to Bitcoin, rather than a tech company [1] - The industry highlights that institutional understanding and regulatory clarity for Bitcoin took 15 years, suggesting a similar timeframe for ETH [1] - The industry believes Bitcoin is becoming a treasury asset, paving the way for ETH to be understood [1] Ethereum's Potential - The industry suggests the understanding gap regarding ETH is rapidly closing [2] - The industry anticipates ETH will soon be considered a portfolio asset alongside Bitcoin [2] - The industry emphasizes that focusing solely on cash flows misses the broader significance of ETH as "digital oil" for the digital economy [3] - The industry considers ETH as a store of value, reserve asset, and fuel, placing its valuation in the same zone as, or even higher than, Bitcoin [3]