Hi friend 👋🏼

This week, we’re exploring some unique finds and market moves! From a $50 Emily Carr painting that could be worth thousands to Bitcoin’s bullish setup, we’ve got plenty to dive into. Plus, the impact of higher trade barriers on global debt and economic growth. 

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The Weekly Fun Fact 🤔

A painting by Canadian artist Emily Carr, bought for just $50 at a barn sale in the Hamptons, has the potential to fetch up to $148,000 at auction. The 1912 masterpiece, depicting an Indigenous memorial post in British Columbia, was identified by a dealer and authenticated by the Canadian auction house Heffel. 

The artwork, one of Carr’s unearthed masterworks, will be auctioned in Toronto next month, bringing a little “Cinderella story” magic to the art world as one of Carr’s rediscovered masterpieces. This story serves as a reminder that priceless treasures can sometimes be found in the most ordinary places, just waiting for the right moment.

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🔴 Higher trade barriers signal slower growth and rising debt 📉

Tensions in the global trading system are paving the way for a challenging economic future. Growing defense spending and rising tariffs between the U.S. and China could drive up the world debt even further. In a "Cold War II" scenario, Bloomberg Economics projects global GDP could be $7.1 trillion lower by 2035. 

Everyone would be impacted by slower growth and disrupted supply chains. This could make it even harder for emerging markets’ where changes in social economic status   will become even more difficult than what it is today. Though it may not be avoided, security has a high financial cost.

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🟡 Vintage watches and the power of provenance 🕰️

Prior to social media, rare watch collectors traded on specialized forums. Now, as interest in vintage timepieces has surged, some of the most coveted pieces — from Rolex Daytonas to Audemars Piguet perpetual calendars — have become valuable treasures. 

High-end dealers, who meticulously track these watches through multiple owners, have brought rare pieces back to market at top prices. Once selling for just under six figures, a 1996 Rolex “Rainbow” Daytona is now set to fetch over $3 million at auction, showing the ongoing worth of these “grail” pieces in the watch world.

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🟢 Bitcoin’s network is poised for a bull run 📈

Bitcoin’s network indicators suggest the digital currency is gearing up for a possible bull market. Throughout the summer, active addresses and hashrate have plateaued, reflecting steady accumulation as investors hold for the long term. Around 65% of Bitcoin hasn’t moved in over a year, keeping liquidity low, but fresh interest could soon spur a price move.

Given that Bitcoin’s price has historically fluctuated in halving cycles, and with the fourth quarter underway, many are watching for upward momentum. Bitcoin remains the top-performing asset class in 2024, hinting that the best may be yet to come.

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🎬 From hidden masterpieces, rising Bitcoin momentum to global trade dynamics, this week brought some captivating stories. Catch you next Friday for more updates and insights! 

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