Bitcoin hit an all-time high this week. I am sure you don’t need me to tell you as it has been front page news everywhere since it happened.

There is no new way to go broke. It always comes down to this. Too much debt.

With every passing week, the sheer scale and size of what will ultimately be a historic market peak looms larger.

It’s because I’ve decided to write to you this week about a subject I rarely cover with you. A classic case of reading the tea leaves of major geo-political machinations.

I am writing to you from Adelaide today, the capital of South Australia. I am following up some business here. Adelaide has a population of 1.4 million today. It is a vibrant and growing city.

Have I stumbled upon the smoking gun that will end up taking us all to the market peak? The tool that ends up compelling everyone to go all-in right at the worst possible time.

But right now, here is what I can tell you I’m on the lookout for. I am looking for anything in social media circles, financial print, and digital media that shows me a huge disconnect is underway.

Here’s a headline that jumped out at me this week: Dubai launches first licensed tokenized real estate project in MENA region.

Today’s newsletter is all about a court case. This is not something I usually write about. I mean, legal matters hardly scream real estate investment or stock trading, do they?

We have finally found our answer to the housing problem. And it’s all thanks to a professor of architecture! If you can believe that.