April 2026 - Monthly Market Update
/Monthly Update || April 2026
“When things are going down it’s hard to buy them.”
Opening Remarks
Greetings from Ikigai Asset Management¹. We welcome the opportunity to bring to you our ninety-first Monthly Update and hope these are helpful in better understanding some of what we’re doing and what we’re seeing. We have the privilege of deploying capital on behalf of our investors into a new technology and asset class that has tremendous potential to make the world a better place and create trillions of dollars of value in the process.
We believe we are obligated to be shepherds of this technology – to do our part to push crypto towards fulfilling its potential. We strive to be an objective, reasonable, well-intentioned voice of truth amongst a chorus of biased, fallacious, pernicious opportunists. It’s an honor that we take seriously.
To that end, the month of March was dominated by the Iran conflict. The Strait of Hormuz, which moves 20% of the world’s oil, 20% of the world’s LNG and 33% of the world’s fertilizers, has now been almost entirely closed for a month. It is not clear when, to what degree, and under what circumstances Hormuz will reopen.
This caused historical levels of disruption in markets. Front-month Brent crude posted its largest monthly gain in history in March. The chart looks like this –
Source: TradingView. As of 3/30/26.
Front-month Asian LNG prices approximately doubled in March-
Source: TradingView. As of 3/30/26.
Front-month Middle East Urea was up >50% -
Source: TradingView. As of 3/30/26.
We will dive into Iran in more detail below, but for now suffice it to say that the conflict dominated the newsflow in March. Everything else took a back seat. While there were meaningful headlines for crypto (see highlights below), none of it really mattered either way for crypto prices. THAT SAID, crypto did somewhat outperform the broader market. SPX and QQQ were both -5% in March. VIX went from 20 to 30. And crypto prices hung in quite well – BTC/ETH/SOL were +2%/+7%/-1%. Perhaps a harbinger of future outperformance from crypto?
March Highlights
Two Separate Breakthrough Papers Are Released on Quantum Computing Risks To Cryptography, Including One From Google; Google Moves Post-Quantum Timeline Up From 2035 to 2029
CLARITY Act Stuck in Negotiations, Unclear It Will Ever Pass, Current Version Won’t Allow For Yield on Stablecoins
MSTR Issues $1.56bn of STRC Preferred, Buys $2.9bn of BTC
BTC ETFs See $1.3bn of Inflows; ETH ETFs See $45mm Outflows
BMNR Buys ~$530mm of ETH in Four Tranches
Public BTC Miner MARA Sells 15,133 BTC Worth $1.1bn, ~39k BTC Holdings Remain
SEC and CFTC Release New Crypto Guidance Declaring Most Digital Assets As Non-securities
NYSE Parent Company Invests $600mm in Polymarket
NYSE Parent Company Invests in OKX at $25bn Valuation, Joins Board
Binance Tightens Market Maker Rules, Requires Additional Disclosure
DOJ Probes Binance For Iran’s Use of Exchange To Avoid Sanctions
Fannie Mae To Accept Crypto-backed Mortgages
Mastercard Acquires Stablecoin Bank “BVNK” For $1.8bn
Tempo Lauches Mainnet
BlackRock Launches Staked ETH ETF “ETHB”, Sees >$300mm Inflows
Morgan Stanley Launches “MSBT” Bitcoin ETF
SEC Approves NASDAQ Rule Change To Enable Tokenized Securities Trading
NASDAQ Partners with Kraken To Offer 24/7 Tokenized Stock Trading
NYSE Partners With Securitize To Develop 24/7 Tokenized Securities Trading
Kraken First Crypto Exchange To Receive “Master Account” At Fed
Bitcoin Company “Strike” Receives NY BitLicense
BTC DAT “NAKA” Sells $20mm BTC at $70k After Buying at $118k, Stock Down 99% From Peak
Crypto Lender BlockFills Files Chapter 11 Bankruptcy After Halting Redemptions
Tether Signs Up Big 4 Public Accounting Firm For First Ever Full Audit
Binance Files Lawsuit Against WSJ Over False and Defamatory Reporting
Messari CEO Steps Down, Headcount Reduced Significantly
CFTC Announces BTC Can Be Used As Collateral At FCMs
| Asset Class | Mar | Feb | Jan | YTD | Q4-25 | Q3-25 | Q2-25 | Q1-25 | 2025 | 2024 | Instrument |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bitcoin | 2% | -15% | -10% | -22% | -23% | 6% | 30% | -12% | -6% | 121% | BTC |
| NASDAQ | -5% | -2% | 1% | -6% | 2% | 9% | 18% | -8% | 20% | 25% | QQQ |
| S&P 500 | -5% | -1% | 1% | -5% | 2% | 8% | 11% | -5% | 16% | 23% | SPX |
| Total World Equities | -7% | 2% | 3% | -2% | 2% | 8% | 10% | -1% | 20% | 14% | VT |
| Emerging Market Equity | -9% | 6% | 8% | 4% | 2% | 11% | 10% | 4% | 31% | 4% | EEM |
| Gold | -11% | 9% | 12% | 9% | 11% | 16% | 6% | 19% | 64% | 27% | GLD |
| High Yield | -1% | 0% | 1% | -1% | -1% | 0% | 3% | 0% | 3% | 2% | HYG |
| Emerging Market Debt | -4% | 1% | 0% | -2% | 1% | 3% | 2% | 2% | 8% | 0% | EMB |
| Bank Debt | 1% | -3% | -1% | -3% | 0% | 0% | 1% | -2% | 0% | -1% | BKLN |
| Industrial Metals | -3% | 1% | 5% | 2% | 12% | 4% | 3% | 2% | 22% | 3% | DBB |
| USD | 2% | 1% | -1% | 2% | 0% | 1% | -7% | -4% | -9% | 7% | DXY |
| Volatility Index | 27% | 14% | 17% | 69% | -8% | -4% | -24% | 28% | -14% | 39% | VIX |
| Oil | 55% | 3% | 15% | 83% | -6% | 1% | -5% | 2% | -8% | 13% | USO |
SOURCE: TRADING VIEW. AS OF 3/31/26.
The Iran Conflict
Let me start by saying I know nothing. I’m a dude looking at Twitter like everyone else. I have been paying pretty close attention, FWIW. But it is also just an extremely dynamic situation. So take all this with a grain of salt.
And the second thing I’ll say is that not only is there fog of war (which is its own unique experience in 2026), but Trump has been doing some WORLD CLASS jawboning over the last month. I have been reminded this month, time and time again, that the President is the most successful reality TV star of all time. He has masterfully controlled the headlines – to the point where Iran is having to constantly refute the headlines that Trump is creating in order to try and control the narrative. So that special ability of Trump to control headlines has added an additional layer of complexity when trying to assess the situation and make predictions about what is going to happen.
Iran doesn’t want Trump controlling the narrative because they want to control the narrative. The main reason Iran wants to control the narrative is to keep oil/LNG/fert prices high. The longer prices stay high, the more bargaining power Iran has. This is, more or less, Iran’s only bargaining chip. It seems that their war-making capabilities (missiles, navy, air force) have been severely diminished to the point where they are no longer a huge threat (if we put troops on the ground, this may change). But the longer they drag this out, the more damage is done to the global economy, which acts as a potential forcing function in negotiations with the US.
Despite significant fog of war, we do seem to have a pretty good sense of what the main points of negotiation look like. The below overview has been reported by many large news outlets globally and referenced by both Trump and Rubio-
Source: Claude. As of 3/30/26.
Iran has countered-
Source: Claude. As of 3/30/26.
Point #5 there for Iran, this is the so-called “Tehran toll booth” idea that has been getting airtime recently. It is a major point of negotiation and as of 3/31, it has been firmly rejected by the US. On 3/30, Rubio called the Tehran Toll Booth “illegal, unacceptable, and dangerous to the world” and said Hormuz must open “one way or another”. So, it seems like this is going to be a major point of contention that needs to be settled.
The US seems to have two major additional points of attack on Iran in this negotiation process. The first is troops. And the second is additional bombing of critical infrastructure.
We are sending troops. ~3,500 Marines from the 31st MEU already arrived on 3/28. 2,000-4,000 troops from the 82nd Airborne are arriving in the coming days/weeks. Several hundred Special Forces (Rangers and SEALs) already arrived. Another 2,500 Marines from the 11th MEU are expected to arrive in mid-April. And just as of 3/31, the US has now sent the USS Bush aircraft carrier from Virginia to the middle east, carrying ~6,000 sailors, expected to arrive in mid-April. So we are talking about a significant buildup in troops.
It is not clear what those troops are going to do in the coming weeks. The headline rumor is that the US is preparing for “weeks of limited ground operations”. Kharg Island has been the most mentioned destination for the troops. Kharg Island is a huge oil export hub that handles ~90% of the Persian Gulf’s exports. Coastal sites along Hormuz are the other destinations often mentioned. It is consensus amongst experts that boots on the ground in these places would be highly risky and could result in significant US casualties. The IRGC, by design, is fragmented in its leadership. It is not clear that the current head of the IRGC could effectively “call off” all Iranian soldiers from attacking the US even if it wanted to. The seizure phase of US troop attacks would likely be quick – taken in hours to days. But the ongoing holding of these positions could easily turn into a high casualty situation for the US. Iran is likely banking on the US not being interested in undertaking this ongoing occupation as it relates to current negotiations.
The second option is bombing of non-war critical infrastructure. Along with troops, this is the other major option that has been in the headlines in recent days. It has been viewed as a way to force reopening of Hormuz and acceptance of the US’s 15-point plant without a full ground invasion. Trump has threatened this and pulled it back multiple times in the last two weeks. Trump has gone so far as to explicitly name targets in his tweets – power plants; oil wells and production facilities, Kharg Island and desalination plants.
The bombing of critical infrastructure is a significant threat to Iran for negotiation purposes. Destroying energy infrastructure would absolutely cripple the Iranian government and economy – not just now but potentially for years to come. Bombing of power plants would cause mass blackouts across the country. Bombing desalination plants would create a drinking water crisis and there’s a decent chance it is a war crime. Seems like the desalination plants are unlikely but the power plants are probably a real option, and the oil facilities are probably the first thing that would get bombed in this “next tier” of targets.
There has been some amount of ongoing dialogue now since shortly after the initial attacks, and that dialogue has progressed over the last month. But it’s kinda hard to know exactly how far along those talks are as of 3/31. There are a LOT of conflicting headlines. It seems that the majority of the communication has occurred indirectly, with Pakistan as the mediator. Steve Witkoff is the main point of contact for the US, and it was reported that he had direct text communication with the Iranian FM. Kushner, Rubio and Vance are all involved in significant ways, but it’s hard to know who of those three has the most influence. There have been no reports of Trump talking to anyone from Iran directly but he is obviously calling the shots at the end of the day.
So it seems like we are looking at: 1- bombing non-war critical infra? Yes/No. Putting troops on the ground in a significant way? Yes/No. And then you have to decide the order those would go in. My best guess, which I’m not all that confident in, is that the US will do limited additional bombing for another 2-4 weeks and that will eventually lead to a treaty that will effectively pull Hormuz control out of the hands of Iran. I think there’s maybe a slight better than 50% chance that happens. I think there’s maybe a 1/4 chance we see significant sustained boots on the ground in Iran.
If Hormuz is to be permanently opened, that will require some sustained military presence even under the best circumstances. So the question with the troop presence is not the sheer number or what exactly they’ll be doing, but what is the level of resistance they will face from the IRGC? That’s what makes a huge difference. And the religious zealotry aspect of it makes the rational outcome somewhat less likely in a lot of cases.
There are a range of opinions out there about how much demand destruction has already occurred or will inevitably occur because of the price moves so far. There seems to be a general view that if Hormuz doesn’t open to ~90% capacity in the next month or so, we will start to see significant global economic carnage which will also show up in asset prices. It seems like the US would be at least somewhat isolated from the economic damage due to our domestic production of oil and gas, but it’s hard to say how much.
Which brings us to this particular vector of analysis—
This would be the scenario where Trump really sticks it to the rest of the world. A semi-closed Hormuz for an extended amount of time would be a MUCH bigger problem for the rest of the world than for the US on all three fronts – oil, LNG and ferts. Trump may be using this stance as a negotiating position with Europe to get NATO involved in securing Hormuz. Trump is basically saying “if you don’t come help, we’re gonna pack up and head home and you deal with it by yourself”. That strikes me as significant negotiating leverage with Europe, although I’m not sure Trump is actually willing to act it out and screw over Europe/rest of world that hard.
Two more points I want to touch briefly on – Russia and China. First, on Russia. The Iran conflict has been a boon to Russia and a headwind to Ukraine. Oil and gas revenues are 25% of Russia’s entire budget. Additionally, Russia is a top fertilizer exporter. So they’ve just seen a huge boost in revenues. Iran has also pulled attention, political will and diplomatic bandwidth away from the Ukraine conflict, to the benefit of Russia. It seems to me that Trump may be using the threat of walking away from Iran while Hormuz is still closed to get Europe to agree to a Ukraine deal on the terms Trump wants. It seems like Trump has significant negotiating leverage from this perspective.
If I’m calling this setup correctly, there is a decent chance that both the Iran and Ukraine conflicts could get wrapped up within a couple months of one another, before the midterms. This would be a VERY BULLISH scenario that the market is discounting heavily right now. If Trump pulls this off, it would be a turnaround in presidential approval of historic proportions-
Source: NYT. As of 3/30/26.
On China, there has been much commentary on the fact that Venezuela + Iran (within two months of each other) is significantly damaging to China’s energy security in the event of future sanctions from conflict with Tiawan. VZ is 2% of Chinese imports and Iran is 11%. In 2025, FIFTY PERCENT of China’s oil/products imports went through Hormuz. So if Iran loses control of Hormuz, in the event of a Tiawan conflict, then US/NATO could choke China in a major way.
That said, China has been leading the world, by far, in building oil/products storage and filling it up… Almost as if they know they’re going to be sanctioned at some point. China is also leading the world in renewables. So they’ve been pretty smart with energy security. Nevertheless, we removed two out of three of China’s main non-dollar energy import sources. Dollar sanctions would cripple China further still in the event of a Tiawan conflict. And then if US shuts off all Chinese imports through Hormuz, China’s ability to wage sustained conflict in Tiawan is severely hampered. You could make the argument this is the single largest factor in Trump’s decision to attack Iran, the nukes were secondary.
There is a way you could interpret this conflict – Israel and US had separate but aligning interests. Israel wants to be the regional hegemony, and they want to be safe in that role. They could never be the hegemony or safe with the current Iranian regime. Not even close. And then Trump decides that the most America First thing he can do is ensure that Tiawan isn’t attacked in the coming years, before the US has time to build domestic chip manufacturing capabilities. So he’s willing to go into Iran for those reasons. I think that could be the case.
I’ll leave the rest of the macro charts for the next section. To wrap this up here, it is a very dynamic situation. I don’t feel like I have a strong read on it and I could just be wrong on the limited read I think I might have. Part of that read is assessing the question – does Trump care about the midterms? If he does, he needs to wrap this up really quickly. A month. Maybe six weeks. If it goes further than that, he’s going to need to pull a real rabbit out of the hat for R’s to not get destroyed in the midterms.
Senate race looks like this (note that’s only $2.8mm volume)-
House race looks like this ($7.2mm of volume) –
Maybe Trump cares more about achieving objectives in Iran than he does about midterm results? Perhaps he’s resigned to losing at least the House in the midterms and is working from the assumption that he’ll be a lame duck, but could still accomplish things from that position. My gut says that Trump is looking for an off ramp in Iran. Iran is also looking for an off ramp. So hopefully they’ll get one done before the next one of these letters I write. If that happens, we’ll see how much sentiment swings back in Trump’s favor by November.
Market Update— Liquid Crypto Asset Investing
| Mar | Feb | Jan | YTD | Q4-25 | Q3-25 | Q2-25 | Q1-25 | 2025 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| BTC | 2% | -15% | -10% | -22% | -23% | 6% | 30% | -12% | -6% | 121% |
| ETH | 7% | -20% | -18% | -29% | -28% | 67% | 36% | -45% | -11% | 46% |
| XRP | -3% | -16% | -11% | -27% | -35% | 27% | 7% | 0% | -12% | 238% |
| BCH* | 1% | -9% | -15% | -22% | 6% | 10% | 59% | -31% | 27% | 36% |
| EOS | -7% | -10% | -43% | -52% | -60% | -31% | -8% | -20% | -80% | -8% |
| BNB | 0% | -21% | -10% | -28% | -14% | 53% | 9% | -14% | 23% | 124% |
| XTZ | -8% | -18% | -6% | -29% | -26% | 24% | -18% | -49% | -61% | 28% |
| XLM | 5% | -12% | -10% | -17% | -44% | 51% | -10% | -20% | -39% | 157% |
| LTC | -1% | -8% | -23% | -30% | -28% | 24% | 4% | -19% | -26% | 42% |
| TRX | 11% | -2% | 1% | 10% | -15% | 19% | 17% | -6% | 12% | 136% |
| Aggregate Mkt Cap | 2% | -13% | -10% | -21% | -24% | 16% | 24% | -19% | -11% | 96% |
| Aggr Alts Mkt Cap | 4% | -6% | -17% | -19% | -24% | 34% | 25% | -34% | -16% | 72% |
SOURCE: COINMARKETCAP AND COINGECKO. AS OF 3/31/26. BCH INCLUDES SV.
Right now, the Brent curve looks like this. That’s April delivery in green. August in yellow. December in blue-
Source: TradingView. As of 3/31/26.
You’ll see we came into the year with a flat curve right around $60 (white circle). Oil creeped up from $60 to $70 over the next two months as the likelihood of an attack increased, and then at the vertical line, front month went from $71 to $112 in three weeks. Notably, August moved less, from $69 to $95. And December moved less still, from $67 to $85. It is noteworthy that as of 3/31, the oil charts look to be potentially topping.
December Brent, in particular, looks like a topping pattern to me-
Source: TradingView. As of 3/31/26.
QQQ has now lost the 500/100/200DMA’s, but did find some horizontal support going back to last August-
Source: TradingView. As of 3/31/26.
QQQ is now 12% off the highs, which isn’t really that much in the whole scheme of things. You’ll see that at the tariff lows last year, QQQ was down 25% from the highs. I doubt we get 25% from the highs this time unless we get a big escalation in Iran, which is possible but not my base case. I could see a path where 3/30 was the low, but my gut says we get one more leg down, and that blue line would make sense as a target from a TA perspective. It's easy for me to imagine the Iran backdrop that would cause price to go to that blue line, and then for that to be the low. It would be something like a significant ratcheting up of bombing war infra but also starting on some non-war critical infra. But then those actions bring Iran to the table and we get a deal. I think that scenario would make the chart go to the blue line and then bottom.
Gold had a crazy month. After a massive run was capped off with a blowoff top on the Warsh Fed Chair announcement, you did a lower high failure and a rapid collapse directly into the 200D, but again followed by a big bounce-
Source: TradingView. As of 3/31/26.
Turns out, that -11.5% in March is the largest monthly drawdown in Gold since peak Lehman. DESPITE that, Gold still +8% YTD vs SPX -5%. So it really has been a crazy Q1.
The first week in March saw the 21st largest weekly VIX spike ever. Looking forward from there, returns tended to be above average-
The VIX is the Volatility Index and the VVIX is the volatility of the Volatility Index. The chart below shows the ratio of the two-
Source: As of 3/6/26.
On 3/6, their ratio crossed 140. Historically, returns have been strongly positive in the following weeks. The chart below is another way to look at the same thing-
In the last few days of March, I have seen reports that various positioning has gotten quite lopsided. The tweet below is an example- CTA’s are likely at or near max short and will likely be buying equities in significant size regardless of what else happens in April-
This one is straightforward. When NASDAQ returns have been down 10 out of the last 11 weeks, it is rare and it usually marks bottoms.
Source: @bespokeinvest. As of 3/29/26.
The chart below got a lot of airtime a couple days ago. This is CTA positioning estimates from Goldman as of 3/29-
This next one from Goldman was also making the rounds-
Source: @connorjbates. As of 3/30/26.
On a trailing 6-week basis, the recent US net selling by hedge funds is the third largest over the past decade and approaching the levels seen in Apr-May '20 during Covid, and (to a lesser extent) into Liberation Day.
All of that to say. There is a lot of evidence which would lead you to believe the market is grossed down and defensively positioned. Which makes me think the most likely scenario is that we go lower but not all that much lower. And we have to accept there’s a chance the lows were already put in on 3/30. Not my base case, but possible.
I think we are right on the verge of a very attractive buying opportunity, at least in Tech. Crypto I am less sure about.
BTC does not look great to me-
Source: TradingView. As of 3/31/26.
That whole structure in the big white circle is kinda gross and really does not look like major bottom to me. You could call it bear pennant (shown in blue). It’s worth noting that Saylor’s STRC was the main buyer of BTC on that runup from $66k to $75k in the middle of that white circle. I will have to leave an explanation of STRC for another day, but if you want an overview – this is a great one.
Overall I’d say BTC wants another leg down. Perhaps if Iran deescalates and everything rips, BTC will rip higher too out of this range, I could see low $80s in that scenario. But I think BTC still has lower lows to make. And it seems like quantum fears is going to be the driver of that price action.
This is a pretty bad one for BTC. It shows previous instances where the weekly Gaussian Channel flipped red-
The last three flips red have ended up -50% from there. That would be quantum-related if it happened I think.
ETH is an even weirder structure (white circle) than BTC, but it doesn’t look bullish to me –
Source: TradingView. As of 3/31/26.
That rally we attempted in mid-March (blue circle) felt fake as it was happening. Then it collapsed all the way back down and you knew it was pretty fake. And with hindsight, that price action looks like the other blue circle back in mid-Dec. It seems ETH will need to go revisit the tariff lows at a minimum, sooner or later.
SOL looks the most cleanly bearish out of the three to me here. This looks like lower lows incoming-
Source: TradingView. As of 3/31/26.
And so I’m a bit confused at the moment because I feel like the peak macro stress is right around the corner and won’t be too cataclysmic and will be an attractive buying opportunity, while at the same time I feel like crypto will make lower lows this year. Perhaps everything bounces together on an Iran deescalation for a period of time and then crypto decouples later this year to the downside because the fundamental story for crypto is challenged.
Closing Remarks
On the evening of the 31st we got this announcement-
So this Trump talk will be happening when this monthly letter goes out. Plenty of conjecture out there about what the purpose and tone of the speech is going to be. Plenty of conjecture about what, if any, new information will be revealed. Trump, through his epic jawboning, has kept his options VERY open. He could secure Hormuz or he could walk from Hormuz. He could go boots on the ground or not go boots on the ground. He could bomb non-war critical infra or he could not bomb non-war critical infra. Trump is negotiating against Europe/NATO as much as he is against Iran, and all of it is likely heavily influenced by US goals as it relates to weakening China.
So a lot of moving pieces in a very dynamic situation. My gut says this speech tonight is to calm and prepare markets for some kind of boots on the ground presence in the coming weeks by the US. He is going to tell everyone how good things are going and that we’ve accomplished all of our objectives, and that he is going to get help from Europe/NATO/GCC to secure the permanent reopening of Hormuz and that very soon everything is going to be great.
I would guess that Iran is going to feel very strongly that they need payment/reparations for the attacks that have occurred so far. Dating back to WW2, the US has a long history of giving a lot of money to countries after they attack them. So doing so in this instance with Iran would be in-line with our previous actions. I don’t think the US is going to allow that payment to happen in the form of a Tehran Toll Booth where Iran has control of Hormuz going forward. But there could be a happy medium where there is still a significant transfer of payments to Iran in some capacity, even if Iran doesn’t really control Hormuz.
All of this adds up to my low conviction base case where we get one more ratcheting up of stress in the coming weeks from the Iran conflict, but it isn’t that cataclysmic, and it is an attractive buying opportunity. I am going to struggle to reach to buy BTC and crypto in that scenario, because I think BTC has a quantum problem and the rest of it has a value proposition problem and bad market structure/flows (ie, sellers higher). But some tech stocks could be great buys in that scenario.
There is an upside case where the lows were put in two days ago, and a deal gets done without significant additional ratcheting up of stress from here. And there is a downside case where it gets much nastier, either because the US gets stuck in a protracted ground attack or because Trump says “I’m out. Europe/GCC – you guys deal with Hormuz on your own”. Both cases are possible. They each feel like ~1/4 to me.
The last thing I’ll say is that war is hell. Many people are dying and many more are living in daily terror. On the first day of the attacks, a Tomahawk missile hit a girl’s elementary school and killed ~170 civilians, mostly children. That is truly terrible and reports indicate it was likely the US. You never want to see that sort of thing. It’s easy to lose sight of that sitting in comfy Austin, TX talking about macro and charts all day. I can only pray for peace and that on the back of this conflict, the world will be a much safer place.
We humans are not called or condemned to experience the hell of war forever. It is true that war has been with us for as long as we have any records of humanity at all. But that does not mean it has to be that way in the future. War is a function of scarcity. Scarcity breeds the hate that leads to war. I can only imagine the level of scarcity much of Iran experiences relative to my life. Most all of you reading this right now also live lives of abundance. We are obligated to try and help bring abundance to the places with the most scarcity. Do whatever our little part is. Vote for good politicians. Donate money to good causes. And we can pray. We can pray for God’s Kingdom to come on this Earth. God willing the world will be a much safer place on the other side of this.
“Suffering is the seed of pleasure, pleasure is the seed of suffering.”
-Japanese Proverb
Travis Kling
Founder & Chief Investment Officer
Ikigai Asset Management
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