If #bitcoin became the world's reserve currency and hit $1 million, Peter would still be screaming it's a ponzi...
I think it's fair to stay I won this round.
@PeterSchiff I'm inviting you for a rematch on my podcasts, whatdya say? 😁
Right now I think we’re overestimating AI.
I’ve spent the last few weeks building an AI crypto bot which is almost ready to launch.
But I realised the AI is only as good as the human training it.
While building my bot I realised AI cannot think critically to problem solve.
Still incredible technology
I couldn’t have built my crypto bot without ai.
But this doomsday narrative is unnecessary right now.
I had to think critically about why we were still having issues with the bot, and then I told the AI how to fix it and of course it did.
MicroStrategy bought 17,994 Bitcoin at $70k.
But they also bought at $90k and $80k.
They're playing a decade long game with a corporate balance sheet.
You need to be cautious right now, you are not MicroStrategy.
The Strait of Hormuz is effectively shut.
Oil is above $90.
Goldman Sachs just raised their crude forecasts.
Markets are pricing in ONE rate cut for all of 2026.
I keep telling you lower lows are coming.
45% of all bitcoin supply is now held at a loss.
In every previous cycle this level marked the early phase of a bear market, not the bottom.
If history is any guide, we haven't found the floor yet.
Analysts are now calling the Clarity Act a potential "sell the news" trap.
I said months ago it was already priced in.
Nice of the “experts” to catch up.
The Fed is 99% expected to hold rates next week.
April cut odds just dropped to 11%.
The "Fed pivot will rescue crypto" trade has been on standby for two years now.
CPI came in exactly as expected today. 2.4% year on year.
Bitcoin barely moved, still stuck under $70k.
When even good macro news can't lift the price, that’s when you know we’re in a bear market.
Altcoins up 3-11% today on geopolitical relief.
This is exactly the kind of rally that traps people into thinking the bear is over.
One Trump soundbite doesn't change the macro.
Stay clear headed.
Bitcoin is already down 52% from its peak.
In every prior cycle that would be called a bear market without hesitation.
But because it's still above $60k, people are calling it a "healthy correction."
Brand it how you like.
Crypto price action is pretty uninteresting right now
My opinion remains the same.
Lower lows are coming in Q3 and Q4.
Meanwhile we will have fake out rallies that make everyone think we are so back.
Patience for now.
Ai + crypto will dominate the next decade
Making money online will be easier than ever
But it will be reserved for those who are willing to learn and adapt to this new tech
You really can't push off the inevitable because you "just don't like ai"
It's coming. Start learning.
How interesting is this:
I asked Claude Code to build me a type of research agent but it wont do it for "ethical reasons."
I then asked Manus to build me the same research data base and it did.
Different AI with different ethical code lol this is so weird!
Keir Starmer doesn’t want Trump to use the two aircraft carriers for involvement in the Iran war.
But I bet if Trump said don’t worry we’re using it to bring a load of migrants over and house them, he’d be on board in a heartbeat.
Pathetic weak leadership from Britain.
Why is everyone talking about London Maxing right now?
Trust me as someone who was born and raised there, London is not it…
Once Keir Starmer is out and a Donald Trump equivalent PM is in, only then we can talk about “London Maxing”
Using AI to automate your workflow is cool
But using it to build something you never originally would be able to is wildddd!
I’ve been building something very exciting this week!