‘

$kas

[‘ @KHvyHash]

Posting for future reference for client performance since I did a ton of rebalancing all the ports today (2 are Roth IRA’s and it’s literally a cheat code in equities)

[Simon Dixon @SimonDixonTwitt]

Just posting this as a reminder.

For years I’ve warned that Bitcoin wasn’t just attracting retail investors and crypto speculators, it was being integrated into the financial-industrial complex through Wall Street wrappers, leverage, and structured products.

Many celebrated this as adoption.

I warned that it would eventually create the same systemic risks that Bitcoin was designed to escape.

My view has always been that these vehicles were not built to disrupt the financial system.

They were built to extend it.

The next major correction was always likely to come from a leverage unwind.

First it was Bitcoin company-native leverage. Next it would be Wall Street leverage.

If you’re wondering whether the current market action is connected to that thesis, these two articles explain exactly what I was watching for and the strategy I suggested to prepare for it:

Will J.P. Morgan & Saylor Crash Bitcoin?

https://t.co/zHKIdrzvWN

Jane Street’s Silent War on Bitcoin’s Price

https://t.co/6nV9EN53Pq

Don’t confuse Bitcoin with the financial products built around Bitcoin.

One is designed to separate money from the financial-industrial complex.

The other is designed to bring Bitcoin into it.

And stop worshiping celebrities wrapped in public companies.

They are on a different side of Bitcoin than us.

[‘ @KHvyHash]

I really hope she’s playing at the highest level again

[Serena Williams @serenawilliams]

Good news travels fast.

[‘ @KHvyHash]

The dollar dumping, oil dumping, bitcoin dumping, equities dumping, altcoins dumping, gold and silver green

[‘ @KHvyHash]

Idk how I never saw this

Would’ve been the most serious I’ve though about exiting non cash positions in a long time

Every time there’s a giga dump, you’re able to look back on the weeks leading up to see the signs

[Michael Saylor @saylor]

Let me recap the earnings call. $MSTR

[‘ @KHvyHash]

Not a fun day to be a asset holder

Is a fun day to be an asset buyer

[‘ @KHvyHash]

Imajin right as everyone sells all their coins due to “new unexpected quantum advances”

[Ansem @blknoiz06]

vibe shift + tides turning + stars aligning + balls tingling + this time is different + supercycle (real) + beachball underwater + golden catchup trade + mental capitulation + what if we all made it + i hope i don't jinx it + manifesting ATHs please god please for the one time

[‘ @KHvyHash]

The (micro)strategy here is if you never stop buying kaspa:native low it’s impossible to miss the bottom

[‘ @KHvyHash]

Alexander Zverev has been waiting his whole life for this
One of the most consistent players on tour for almost a decade
Massive favorite now to win the French open and knows he’s the guy to beat

Mensik in 4

[‘ @KHvyHash]

How’s that guy who published the $sive short article yesterday doing today?

[‘ @KHvyHash]

For people with limited forward investing experience like most Swedes, watch this video, take notes of this video, and then watch this video one more time, then read @aleabitoreddit post below and $sive might start to make sense

[‘ @KHvyHash]

For people with limited forward investing experience like most Swedes, watch this video, take notes of this video, and then watch this video one more time, then read @aleabitoreddit post below and $sive might start to make sense

[Serenity @aleabitoreddit]

-> IP acquisition
-> Just waiting for CPO to take off

$SIVE is a laser chokepoint for photonics and are publicly validated by:

- $GFS (1 of 2 public laser suppliers with $LITE for CPO per presentation)

- $JBL (“Relatively dramatic moat” for pluggables built with Sivers)

- CHIPS ACT for the overall company

For highest visibility:

-> Ayar is the largest CPO player that primary sources $SIVE and are expected to ramp in 2027.

-> $POET is another near term CPO volume player that’s heavily visible with Sivers.

For OSINT mapping:

$MRVL Celestial (direct, not through Poet), Lightmatter, Lightelligence, were all high confidence customers of Sivers.

$SIVE is also developing/qualifying with multiple more optical transceiver players following Jabil.

It feels like they’re going to end up everywhere.

I’m not sure people realize how special that many qualifications is coming from a <$2B MC laser company is… right before 2027 volume ramp.

Especially while all the other laser companies trade at $15B-$70B valuations.

Just need pluggables to bridge revenue gap into H2 2027 (CPO Scale up)

Then making every laser they sell more valuable following the $LITE playbook, to capture more TAM of both markets.

- In the overarching optical $141B TAM (10x) in the next 1 1/2 years. (Goldman Sachs)

- and CPO TAM going from 0 to $81B in the next 1 1/2 years.

So, easily multiply revenue opportunity overnight doing IP acquisition downstream.

It’s more of just a waiting game, I think $SIVE is very undervalued relative to forward revenue potential.

If it were a private Silicon Valley startup it would probably be worth $4-6B today.

Just needs to get listed on NASDAQ for premiums to bridge that gap.

[‘ @KHvyHash]

This would be the funniest time they could pull the 4 year cycle breaking hard reversal

[‘ @KHvyHash]

All my stocks are moving around like shitcoins and my shitcoin is bleeding like a dead stock

[Jeff Dorman @jdorman81]

i'm not in Saylor's inner circle, but this $MSTR story has gotten so out of hand, my only guess is this:

- MSTR could have sat and done nothing before they started pumping out $billons of prefs... it would have made MSTR boring (little buys, no sells), but it would have been stable https://t.co/ZMzXepzRME

- But the push into these prefs was based on him clearly thinking $BTC was about to moon — not sure what he saw to think that (4 year cycle, flows, ???) but that's the only reason to take that sort of miscalculated risk to screw up his balance sheet so badly -- he must have thought BTC was about to fly and he could easily pay the pref dividends with future BTC sales.

- Then BTC started falling, and the market got spooked because the $15 bn in prefs have a $1.5 bn/year annual dividend, so he raised $2 bn in cash via stock just to alleviate any near-term default concerns — that bought him almost 2 years of runway to pay dividends. Smart move

At that point, he could have chilled for a little, and even though he now has every stakeholder pinned against each other, there was at least no near term risk https://t.co/GmglaICO5M

- But then for some unknown reason, he decides to take that cash buffer and buyback 2029 maturity bonds instead of using it to fund the annual dividends (at a discount, so it's at least mildly accretive to MSTR). This is a baffling decision for a company with cash flow problems. Why pay off 0% coupon debt with the only cash you have?

The only bull case is that underestimating Saylor's capital markets chicanery has been a losing proposition for years. Maybe there was a plan?

That plan may just be selling BTC, which he will have to do eventually, but if he does this while BTC is in a death spriral it's going to crush BTC and MSTR. So again, why buyback the debt now and force your hand sooner than you have to?

Maybe he is going to refinance those converts with new longer-dated converts? He has sworn off converts, so I doubt it, but that would at least logically make sense.

But TLDR -- this is the first time that MSTR, BTC and Pref holders are really in bind. Someone is going to lose badly here, and it will happen in the next 4 months.

[‘ @KHvyHash]

The crypto industry was always so compelling for me and as interest grew mainstream that interest declined

Now crypto is back to being dead and I still don’t find it any extra compelling anymore, what does this mean?

All if DeFi is getting exploited at record pace and at risk of exploits from new AI’s (AGI is already here imo)

Crypto wallets are apparently at risk from quantum computing according to people smarter than me

What left is there?

Can we use these new AI’s to create bulletproof code? I honestly don’t know enough about coding in general to know if smart contracts in general can be created without chance on getting exploited

Anyone with extensive coding knowledge that could answer these would love to hear opinions

[‘ @KHvyHash]

Currently feel zero frustration or impatience from the crypto market

If everything completely breaks down from here with $btc making new lows I will then become impatient and frustrated

[‘ @KHvyHash]

This guy Trump can talk about dog feces and the price would go up

But when he mentions crypto, dump. Nice

[‘ @KHvyHash]

I had one of my cousins all in $SIVE at a buck to begin her investment career and still holding strong, idk how to explain it’s not always going to be like this

[‘ @KHvyHash]

Another clean 2x in 7 trading days on $HYLN

[‘ @KHvyHash]

@bramk Unironically I’m sure I understand bitcoin better than you do

[‘ @KHvyHash]

As a former Bitcoin guy the ignorance collectively amongst them is crazy and I’ll be the sure ignorance is never forgotten 😏

[‘ @KHvyHash]

Genuinely excited to focus my attention back to kaspa:native next month..can’t even lie I’ve been busy this entire calendar year practicing the stock market dominating and enjoying it while I stack $KAS