@Kalshi Have to assume all these companies are making the right choice but wow it gets ugly if capex spend on AI is wrong. Fortunately with how aggressive they are all going with it they must see what's coming.
Crypto has spent 9 months in a downtrend giving back 2 trillion in marketcap. We've seen no new money enter all summer, just rotation between what currently exists. If we can't even get crypto enthusiasts to buy here we are so far away from convincing outsiders to return.
@blknoiz06 Build crypto ETFs that have to buy the assets they hold as more buy and then allow 3x leverage bull and bear trading for them. I don't want to trade memes but I'll trade a meme ETF that has 50 of the top memes and take long and short positions on that.
@blknoiz06 Crypto is surviving just enough to give hope but there's no follow through or conviction by buyers. Part of why the marketcap has remained flat near 2 trillion mcap all summer.
Trillion dollar marketcap stocks are moving more in a day than crypto sub million microcaps in a week. If stocks continue to have the liquidity AND volatility then crypto will need to find something unique to offer. We haven't seen any new money enter crypto all summer.