BTC from 2022 low to 2025 high: +680%.
Strategy, same window: +3155%.
The leveraged treasury vehicle ran 4.5x its own underlying.
Now the same playbook exists on ETH. Bitmine is the biggest ETH treasury out there. Same mechanism — which cuts both ways.
Watched Warsh's first FOMC yesterday. First impression: serious, with a real direction.
He talked inflation, jobs, energy like someone who takes the Fed's duty to Americans and the dollar seriously.
Another hike by year-end? We're fine with it. The dollar is the world's reserve
BTC got rejected at the top of the channel, like we called.
The short signal was right. Now we're watching for a pullback to the violet line before it rolls back down. Structure still in charge.
Read the causality carefully: it's not that TradFi "copied" crypto prices.
It's that blockchain is quietly becoming the price discovery layer for finance itself.
That's not a trade. That's the 10-year thesis.
Days before listing, the Hyperliquid SPCX perpetual was already pricing SpaceX. It called the premium over the IPO price early, while markets were still waiting for the bell.
A decentralized crypto market priced one of the world's biggest private companies before Wall Street.
SpaceX just had the largest IPO in history.
Everyone's watching the open. The detail that actually matters got buried — and it's the whole reason we're here.