EXPLAINED: 🚀 Bitcoin is down roughly 50% from its ATH, but bulls still see three paths to BTC hitting $1 million: Wall Street adoption, government accumulation, and a deeper flight from fiat.
Are any of the paths realistic, and how long could it take for BTC to hit $1M? Read on to find out. 👇
I warned you about this dump.
Bitcoin is now following the path to the market cycle bottom:
June → Flat
July → Relief bounce
August → Dump to $50K
September → Fake bounce
October → Dump to $40K
November → Market cycle bottom
All according to plan.
Reminder: I’ve called all the market tops and bottoms for the last 15 years, including the Bitcoin bottom at $16,000 and the top at $126,000.
The next call will be even more important. I’ll post it here publicly like I always do. Turn notifications on.
If you’re not following yet, you’ll understand why that was a mistake later.
🚨$SPCX SLIDES BACK NEAR ITS IPO OPENING PRICE OF $150
SpaceX is trading at around $153 after falling as low as $148.51 today, erasing nearly all gains since its June 12 debut.
The stock hit $225 just four days after listing and is now down over 32% from that high.
🔥CHAINALYSIS: INDIA LEADS GLOBAL CRYPTO ADOPTION
Chainalysis ranks crypto adoption across 151 countries based on real usage, not just raw volume.
🌎TOP 10 countries:
India
United States
Pakistan
Vietnam
Brazil
Nigeria
Indonesia
Ukraine
Philippines
Russia
India ranked No. 1 across every category for the THIRD YEAR in a row.
Of note, 7 of the top 10 are EMERGING MARKETS.
🚨TIKTOK'S PARENT BYTEDANCE SET TO BECOME CHINA'S FIRST TRILLION-DOLLAR COMPANY
ByteDance's gray-market valuation has reached $900 BILLION per Nikkei Asia, putting it on track to become China's first $1 TRILLION company.
The company has told employees an IPO is "not on the table" after making $50 BILLION in profit last year on revenue now exceeding Meta's.
It also plans to spend up to $70 BILLION on AI and data centers this year from its own cash.
🚨CHINESE HEDGE FUND MANAGERS WARN AI STOCKS ARE IN A BUBBLE
Two of China’s best-known hedge fund managers say the global AI stock boom has become unsustainable, Bloomberg reports.
The concern is that investors are chasing the AI trade faster than earnings can justify.
🚨TRUMP THREATENS 100% TARIFFS ON BRICS
President Trump renewed his warning that BRICS nations could face 100% TARIFFS if they move to undermine the U.S. dollar by creating or backing an alternative reserve currency.
🚨 THE "AI SUPER BUBBLE" MAY BE ENTERING ITS MOST DANGEROUS PHASE.
China's top hedge funds are now warning the AI bubble is about to burst.
Wealspring Asset called it a "super bubble."
Its founder, Yang Dong, is known for calling the top in 2007.
His warning now: "The collapse point may not be far away."
Shanghai Banxia went further.
"The trigger for the AI bubble to burst has already appeared."
Banxia is pointing directly at Anthropic.
It predicts Anthropic's revenue run-rate will miss market expectations.
At least 6 of 11 Chinese hedge funds tracked have no positive stance on AI right now.
Wealspring says some of China's hottest AI stocks could crash more than 80%.
The pattern outside China backs this up.
Michael Burry has disclosed bearish positions against Nvidia and Palantir, calling the circular funding between AI companies something that could later look like "a picture of fraud, not a flywheel."
Insiders are already selling. Nvidia insiders have sold $5.4 billion in stock. Palantir insiders have sold roughly $7.2 billion, while Palantir trades well off its highs.
OpenAI itself admits the math doesn't work yet. It's spending $1.4 trillion over 8 years on data centers, while generating just $13 billion in revenue.
Apple just added to this. It's now lobbying the White House to buy memory chips from a blacklisted Chinese company because US chip prices have gotten too expensive even for Apple to absorb.
This is the same shock DeepSeek delivered last year. It proved you could get the same AI output for far less money and wiped $600 billion off Nvidia in a single day.
If the world's largest hardware maker is now looking for cheaper alternatives to escape AI-driven chip prices, that's not a side story. That's confirmation the bubble has inflated the entire supply chain, not just stock valuations.
🚨ROBINHOOD'S LAYOFF IS A "LATE BEAR MARKET SIGNAL"
Robinhood’s C-suite departure and layoffs, along with BitGo’s reported 15% workforce cut, are adding to signs of weakness across crypto investing.
Declining trading volumes, weaker retail activity, reduced VC funding and sector-wide cost cuts point to a LATE BEAR MARKET environment.
For investors, layoffs are being treated as a "market-cycle signal", NOT the cause of the downturn.
Late bear markets have historically been some of the BEST TIMES to position for the next bull run.
🚨CRYPTO STOCKS ARE FALLING HARDER THAN ANY TECH STOCK
Coinbase and Circle are now underperforming major Big Tech names as crypto equities continue to lag the broader market.
$COIN is down 69%. $CRCL is down 72%.
That is worse than Oracle, Salesforce, Netflix and Palantir, which are down 48% to 57% from their peaks.
The S&P 500 is only 3.5% below its recent high.
🚨COINBASE CUTS AI SPENDING AS TOKEN USAGE SURGES
Coinbase cut its AI spending nearly in half, even as token usage grew exponentially.
CEO Brian Armstrong cited model routing, caching and cheaper open-weight models as key drivers behind the cost reduction.
He also called Bitcoin’s current drawdown a “cool breeze” compared to previous bear markets.
🚨U.S. AND EUROPE SPLIT ON CBDCS
The U.S. moved to block a government-issued digital dollar this past week.
However, Europe is taking the opposite approach.
The ECB is developing a digital euro, with legislation expected in 2026, a pilot possible in 2027 and a potential launch around 2029.
The policy split comes as dollar stablecoins dominate private digital money.
Dollar stablecoins: About $317B
Euro stablecoins: Below $1B
The U.S. is pushing digital money toward private stablecoins.
Europe is building a central bank-backed alternative.
🔥SAYLOR COULD BE A “BIGGER VILLAIN” THAN SBF
Peter Schiff says the collapse of Strategy would have far BIGGER consequences for Bitcoin and crypto than the collapse of FTX.
He claims Michael Saylor could soon be viewed as an even BIGGER VILLAIN than Sam Bankman-Fried.
🚨TETHER'S $23 BILLION GOLD RESERVE TO TURN INTO COLLATERAL
Tether is expanding the use of Tether Gold, or XAUT, by bringing the tokenized gold product to crypto lender Ledn.
Ledn will now support XAUT alongside BTC and USDT, with borrowing against XAUT expected later this year.
Each XAUT token represents one troy ounce of gold stored in Swiss vaults.
🚨 BREAKING
SATOSHI ERA WHALE JUST DUMPE $1,200,000,000.00 $BTC AFTER 15 YEARS OF HODLING.
HE SURVIVED THE MT. GOX HACK, COVID CRASH, LUNA & FTX COLLAPSES, BUT SOLD ALL 13,700 BITCOINS TODAY.
HE DEFINITELY KNOWS BITCOIN WILL DUMP EVEN LOWER ON MONDAY...