⚡️ Liquidity > Leverage

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Hey there 👋,

Last week I sold my UK house and car. Ten minutes after walking out of WeBuyAnyCar, I was in the back of an Uber, opening Revolut and wiring €40,000 into my next move. (Follow me on Insta if you like mountain shots):

Within 24 hours I flew to Munich, Tesla’s main delivery hub for Central Europe, collected the car on export plates, and drove through Austria into Slovakia. With no delivery centres here, that was the only way to make it happen — and it worked because the structure was already in place to move quickly.

And I was deliberate about how I bought. I chose a one-year-old Model Y — letting someone else take the €15K depreciation hit. Importing new into Slovakia also means paying VAT to the Slovak government, so buying used avoided that extra bill. On top of that, used Teslas include Enhanced Autopilot at no additional cost — a feature you’d otherwise pay thousands for. And honestly, I also prefer the Porsche-esque headlights of the outgoing Model Y to the flat lightbar of the new version.

The point isn’t the Tesla that money went into. It’s the fact that I could act fast, detached, and with conviction. I’ve held $TSLA ( ▲ 2.56% ) for years, so in many ways buying the car felt like taking a dividend — finally enjoying the upside of a position I’ve backed for a long time.

Most people get stuck not because they lack opportunity, but because their capital is locked up, their systems are bloated, or they can’t move without friction. Business owners over-hire, over-commit, and over-engineer. Investors get trapped in illiquid assets. And when the right hand finally comes along, they’re out of position.

Why Liquidity Wins

• Cash vs. commitments. Do you own your stack, or does your stack own you? If your capital is locked in fixed costs, mortgages, and overhead, your optionality is gone.

• Detachment. I didn’t need to “love” the car I sold, or overthink the decision. The structure was already in place. Emotional attachment kills velocity.

• Bankroll discipline. In poker, the goal isn’t to win every hand. It’s to preserve your stack long enough to capitalize when the edge is clear. Business is no different.

Liquidity means you can move with speed when conviction strikes. Without it, even the best opportunities pass you by.

Right Now in Digital Assets

This isn’t just theory. Look at what’s happening:

• Nine European banks — including ING, UniCredit, and CaixaBank — have announced a consortium to launch a euro-stablecoin by 2026. It’s a direct play to challenge the dollar’s dominance in crypto payments.

• The Bank of England’s governor recently said stablecoins could cut reliance on traditional bank lending if properly regulated, signalling openness to them playing a role in payments.

• In the UK, the Law Commission is advancing reforms to formally recognize digital assets as a distinct property class — which would make them easier to collateralize, trade, and enforce in court.

• Meanwhile, enforcement is heating up: from crypto laundering prosecutions to asset seizures, regulators are making it clear that liquidity and speed also attract scrutiny.

The macro lesson? Liquidity is becoming the battleground — between banks and fintechs, regulators and markets, stablecoins and sovereign currencies. Whoever controls liquidity controls the game.

For Founders & Investors

If you run a lean business (an AI-powered productized service in my case) that puts money in your pocket every month, keep reserves, and build digital optionality, you stay in the game. If you chase scale, over-commit, or get emotionally tied to illiquid assets, you take yourself out before the real opportunity arrives.

Takeaway: The edge isn’t owning more. The edge is being able to move — without hesitation — when the time is right.

📰 Top News Stories

📚 Grokipedia will be available to the public with no limits on use

⚡ Thunderbolt by Spaceship lets you chat and make calls with your domain

💵 Phantom launches a new stablecoin called $CASH on Solana

🏦 Stripe applies for stablecoin charter in the US and stablecoin launchpad

📈 Ethereum staking ETFs could be coming in October

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That’s it for this week, until next time, buy my product and catch me in the community!

Cheers!

Richard (@richardpatey)

Disclaimer: This email is for informational and entertainment purposes only. It is not financial advice, and I am not a licensed investment adviser. I share what I’m doing personally in the digital asset space—always do your own research. Some links may be affiliate links, so assume I may earn a commission if you use them.