Stephen Hofer

Deuteronomy 8:18
2 Cor 9:8
Psalm 112:3
Proverbs 8:18

[Dr. Maalouf ‏ @realMaalouf]

TERRIFYING: Islamic scholars in the U.S. reveal their true plan:

“There are not enough Muslims in America right now to demand full Sharia law and replace its secular system. That is why we need to gain political power and implement it little by little.”

[The Bitcoin Historian @pete_rizzo_]

BREAKING: 🇺🇸 REPUBLICAN SENATOR JOSH HAWLEY JUST ANNOUNCED HE WILL VOTE AGAINST THE #BITCOIN CLARITY ACT –– POLITICO

HE REFUSES TO SUPPORT THE BILL BECAUSE THE BIG BANKS ARE "VERY, VERY WORRIED”

BANKERS “ARE BLOWING HIM UP” BEGGING HIM TO DO ANYTHING TO STOP BTC FROM COMPETING

THIS IS ABSOLUTELY OUTRAGEOUS

THE CLARITY ACT MUST PASS IMMEDIATELY 👏

[Dr. Maalouf ‏ @realMaalouf]

Did you know?

Muslims don’t take over and occupy streets to pray in Qatar, Dubai or even Saudi Arabia, the birthplace of Islam. It is illegal and considered disruptive.

They only do it in the West to assert dominance.

[Stephen Hofer @Srwealthbuilder]

@StockSavvyShay Around $765.00 a shareif SPCX reaches $1T in revenue and trades at 10x sales.

[David J Harris Jr @DavidJHarrisJr]

Charlie Kirk: "This nation is sick and it needs a Savior. We need Jesus Christ."

Thoughts?

[Brigitte Gabriel @ACTBrigitte]

Muslim armies invaded Spain in 711 AD and occupied it for nearly 800 years.

The Reconquista was not a myth or “colonial project.” It was a centuries-long Christian struggle to reclaim their own homeland from Islamic rule. It ended in 1492 when Ferdinand and Isabella took Granada, the last Muslim stronghold.

West, take note: civilizations that forget how they were conquered once can be conquered again.

[Sarosh @SaroshQ2022]

What I’d say to my fellow $ONDO and $SUI holders is this: you cannot think about infrastructure plays only in terms of what they did during the first explosive cycle. ** Also, I'll remind you Ondo and SUI hit ATH's during QT! Higher rates too! But the macro back drop was 100x better back then.

Look at Solana. $SOL went all the way to roughly $240. But people forget the environment that helped create that move.

The Fed was adding roughly $50–$100 billion per day. Let that sink in. Per freakin' day!

Liquidity was flooding the system. Money was moving aggressively toward the right side of the risk curve.

Crypto market caps were also much smaller, so it did not take nearly as much capital to create these enormous moves.

Then the Fed overshot. Rates stayed too low for too long, liquidity stayed too loose for too long, and eventually they had to reverse course and turn on QT.

That is part of the real story behind what happened.

People love to talk about adoption, networks, TPS, TVL, developers, ecosystems and partnerships. Those things matter. But they are only part of the equation.

You also have to understand the monetary environment surrounding the asset.

So when somebody says DEEP can go 20x or 30x if $SUI goes back to its highs, maybe it can. But none of us knows that.

We also don’t know what the bond market looks like six months from now. We don’t know whether long-term yields eventually force the Fed back into the Treasury market.

And if the Fed is eventually forced to start buying bonds and expanding liquidity again, the entire crypto market will look very different.

That is why I don’t build my investment thesis around fantasy price targets.

I build it around cost basis.

If you believed in SUI fundamentally and have been slowly dollar-cost averaging during this collapse, your cost basis should be nowhere near the old highs anymore. The same applies to ONDO.

That changes everything.

You don’t need a 20x.

You don’t need a 30x.

If your average cost is low enough and the asset eventually does 3x, 4x or 5x from these depressed levels, that can already produce an enormous return.

That is how I think about infrastructure plays.

I have had this MINDSET with some of my biggest winner like Apple Computer before it became Apple. When things like Dell and COMPAQ were blowing it out of the water.

Build the position when nobody wants the infrastructure.

Then let liquidity, adoption and time decide how far the upside eventually goes.

[Sarosh @SaroshQ2022]

So Will $Sui Become the Next Solana?

This is where I think we need to be very precise.

The chart comparison is legitimate. The conclusion is not yet established.

$SOL:

$240 → $8

SUI:

$5.35 → roughly $0.69

Both experienced catastrophic repricing.

Both eventually entered long periods where volatility compressed and traders effectively stopped caring.

Both had narratives that the chain was dead.

And importantly, both continued building underneath horrible price action.

But there is one enormous difference.

Solana eventually developed applications that people desperately wanted to use.

That created a self-reinforcing loop:

applications → users → stablecoins → trading → fees → developers → liquidity → speculation → more users.

Sui has built much of the infrastructure necessary to create that loop.

It has not yet proven that it can create the loop.

That is the missing piece.

My Assessment

If I separate the token from the blockchain, this becomes much easier to understand.

Technology: Strong

The architecture remains one of the more interesting Layer 1 designs in crypto. Mysticeti, parallel execution, object-oriented Move, zkLogin, programmable transaction blocks and the continuing infrastructure work remain real advantages.

Developers: Healthy

685 monthly active developers and 219 full-time developers is nowhere near an abandoned ecosystem.

Infrastructure: Growing

Payments, stablecoins, DeepBook, Hashi, institutional custody/access, confidential transfers and the new data stack have all expanded while SUI has collapsed.

Institutional Rails: Much Stronger

Multiple U.S. ETFs, regulated banking integrations and custody/payment infrastructure now exist that didn't exist when we first built the thesis.

Users: Alive, but nowhere near breakout

Roughly 170,000 daily active addresses and 11M+ transactions demonstrate activity, but transaction counts alone are not economic value.

Liquidity: Weak

This is the major problem.

TVL: Badly Damaged

$2B+ → roughly $419M.

Monetization: Weak

Fees and revenue do not yet justify describing Sui as a mature economic network.

Tokenomics: Still a Headwind

More than half of the 10B maximum supply remains outside current circulation.

Reliability: Needs Monitoring

Three mainnet outages in two days this May cannot simply be dismissed.

Bottom Line

So after going through this again for the first time in months, I would not change the fundamental Sui thesis to “this thing became a shitcoin.”

I would change it to something more nuanced.

SUI the token has been crushed far harder than Sui the network has deteriorated.

In fact, while the token has lost roughly 87% from its high, the underlying network has continued adding developers, financial infrastructure, stablecoin infrastructure, payment relationships, institutional access, Bitcoin infrastructure and new technical capabilities.

That matters.

But I also don't want to fool ourselves.

[Rowan Cheung @rowancheung]

Reminder to go touch grass

A scientist in Japan demonstrated that the air inside a forest strengthens your immune system for a full month

The study is incredibly fascinating:

Qing Li, an immunologist at Nippon Medical School in Tokyo, took 12 men on a 3-day forest trip. These were slow walks with no breathing exercises and no set route.

Then he tested their blood and found a surge in natural killer cells -- the immune cells your body uses to fight cancer and virus-infected cells.

Remarkably, the effect didn't fade when they went home, it was still measurable 30 days later.

A control group that walked the same distance through a city showed no change at all.

Pine, cedar, and cypress trees release compounds called phytoncides to defend themselves from insects and bacteria. You breathe them in, and Li believes they switch your immune cells into high gear.

He estimates one forest walk a month may be enough to keep those cells elevated all year.

The best medicine might not even need a prescription -- just a walk among the trees.

[Valerie Anne Smith @ValerieAnne1970]

RFK Jr: “Bill Gates controls the WHO which mandates ‘Vaccines’ for the entire World…”

Bill Gates belongs in PRISON for Biological War Crimes.

[Dr. Simone Gold @drsimonegold]

July 2020. Steps of the Supreme Court. America’s Frontline Doctors stood in white coats and told the American people the truth the regime did not want spoken:

COVID was treatable.

Early treatment worked.

Nobody needed to die.

Lockdowns were never necessary.

We were censored within hours. Facebook, Twitter, YouTube erased the video. Careers were destroyed. Doctors were threatened. Patients were denied the medicine that could have saved them.

They called us dangerous.

They were the danger.

History has already rendered its verdict. We were right. They lied. And the people paid the price in lives, liberty, and lost years.

Watch it. Share it. Bookmark it.

Never let them memory-hole what they did.

The truth was never the threat.

Their power was.

[Dr. Zakaria MD @ZakariaMDv3]

Mel Gibson: "I have 3 friends. All 3 of them had stage 4 cancer…and all 3 of them…don't have cancer right now at all…"

Joe Rogan: "What did they take…? Ivermectin and Fenbendazole…"

Mel Gibson nods in agreement.

[Stephen Hofer @Srwealthbuilder]

@DACconsults 20% to 25% more

[Stephen Hofer @Srwealthbuilder]

@Crypto_P_Doge @cryptofergani @grok (DOGE) has no maximum supply. New coins are issued at a fixed rate of 10,000 DOGE per block (roughly 5+ billion per year), creating ongoing inflation of a few % annually at current levels. Recent figures put the circulating supply in the range of roughly 155–171 billion DOGE

[Stephen Hofer @Srwealthbuilder]

@Crypto_P_Doge @cryptofergani @grok Around $0.15–$0.60+ is a plausible range in a strong bull run, depending on market conditions, with $0.50–$1 requiring substantial capital inflows given Dogecoin’s large and growing supply
Grok

[Stephen Hofer @Srwealthbuilder]

@itsrosesm They are WORTH it!

[Stephen Hofer @Srwealthbuilder]

@DearS_o_n yes
living under Christ kindness
l u c k