If you’ve been around bitcoin:native for a while, a 50% drop to $60K isn’t the end of the world.
But if this is your first cycle and you’re carrying a much higher cost basis, it can feel absolutely gut-wrenching.
Check in on the people you know who got into Bitcoin this cycle.
Remind them that they’ll be alright.
JUST IN: $199 billion VanEck's Matthew Siegel on Bitcoin: "We think this will become a mainstream asset that will compete with other reserve settlement currencies" 🚀
I think we already have the answer. Not only are all risk assets tanking today, but most of the value names we own have solid gains. It's just that metals and miners are caught up in the selloff. I expect those losses to be recovered quickly.
6 months ago Michael Saylor told Grant Cardone that Strategy’s balance sheet could withstand a -90% drawdown in Bitcoin’s price before being collateralized.
Price of Bitcoin at the time = $95,000.
He said the company can tolerate the price going to $10,000.
Michael Saylor famously said if the price of Bitcoin was to go to a $1 tomorrow, the company would just buy all the Bitcoin.
Bitcoin is currently down over 35% since this interview and sits around $60,000.
Credit: @GrantCardone
Anthropic and Google are now paying @SpaceX a combined $2.17 billon per month for compute capacity. That's a revenue run rate of $26 billion per year. BIG MONEY.
BREAKING: Meta stock, $META, extends losses to -7% on the day after the Financial Times reports that the company is considering a stock offering to raise capital.
The stock has now erased -$115 billion of market cap today.
SpaceX just quietly amended its S-1 announcing another mega deal
$920M/month from Google from October 2026 through June 2029
With both parties being able to terminate the agreement with 90 days notice
Things are getting exciting 🚀
Elon Musk says Orbital AI Data Centers will be easier than Communication Satellites for SpaceX:
"The Starlink V3 communications satellites is an incredibly complex machine. The AI Data Center will be much simpler by comparison.
It’s really just solar power, plus radiator, some basic equipment, and the laser links would connect to the Starlink communications constellation, and then to the ground."
You don’t see this very often.
The Nasdaq 100 is quite literally moving in a straight-line lower.
Now down -4.5%, on track for its biggest daily loss of 2026.
I will deliver this speech Monday at approximately noon. I’m honored to report that some survivors have already indicated they will attend as my guests in the gallery. If you’re a survivor and would like to attend, please contact my office, or talk with leaders in your group.
In New Hampshire, I announced one of the most ambitious federal efforts ever undertaken to combat Lyme disease.
Under President Trump’s leadership, we are accelerating research, driving innovation, improving care for patients and families, and attacking Lyme disease at its source.
Going through the airport in my “I Support ICE” shirt & getting TONS of compliments.
A group of students just went through TSA wearing MAGA hats.
A shift is happening — & enthusiasm is growing — but we need big & beautiful turnout this November.
Four ideologies shape the Bitcoin community. Maximalists bring conviction. Capitalists bring integration. Technologists bring innovation. Fundamentalists bring preservation. Bitcoin reaches its full potential when these four forces work in harmony.