Bitcoin is still 5 digits. No one will care exactly what those 5 digits were.

I’m not surprised to see that the recent $76K bottom was once again bought by whales, while retail still hasn’t come back. It’s sad, though.

Anything below $90K is still the bottom.

First, they were saying that the Clarity Act rejection and the Fed rate hike would take Bitcoin to $40K. Now they’re saying it pumped only 4%, which is negligible. I agree - it is negligible compared with what Bitcoin can do.🤝

I hope you understand what it means when Bitcoin pumps after the Clarity Act rejection and a Fed rate hike.

So, what news are we waiting for today? The Fed? Bitcoin is in a bull market. It doesn’t follow the news - it is the news. Its price is the news. Its price is the signal. Its price is the policy. The Fed watches Bitcoin.

During a bear market, you hear a lot of good news that has zero positive impact on the price. During a bull market, you hear a lot of bad news that has zero negative impact on the price. So get ready to see plenty of bad news come and go - because this is a bull market. One of the most significant bull markets we’ve witnessed…

On March 10, 2023, the VanEck ETF was rejected, and many people were smart enough to successfully sell all their Bitcoin right on time at $20K. This skill requires you to watch the news 24/7. If you fail to do that, you might fail to sell at the exact generational bottoms. When that ETF was rejected, it became clear to many in our industry that ETFs were never going to happen.

My belief is that, during this critical period when the world is in an AI race, voting against the CLARITY Act is voting against the US.

Gold isn’t an investment until it falls below $4K, and it isn’t correlated with Bitcoin.

According to game theory, AI development cannot be slowed down, so any discussion about slowing it down is a waste of time.

Some weekends are just too similar to ignore.

2 days ago, I spent 6 hours at a conference where high-level economists and finance professionals were discussing the world 5 years from now and beyond. The core of the discussion was AI, the speed of its development, and the approaching singularity. One of the conclusions was that money as we know it will disappear, meaning that any form of fiat is entering its final stage. From that perspective, we concluded that taking full advantage of the fiat system is not only rational but potentially the most rational behavior while it still exists. The discussion then turned to how we, as human intelligence, could maintain our position in a world increasingly dominated by AI. One conclusion was that we would need to own a form of money that AI can accept and use, that is scarce, and that is backed by energy. We spent about 1.5 hours discussing what that form of money could be, yet no one gave it a name. One of the key points was that this money should already have an established history of use and therefore couldn’t be something newly invented.🤦🏻