The dirtbags over at JP Morgan are pounding the table this morning telling their clients its time to buy $IREN and that shares are far too cheap!
@IREN_Ltd
Spent the afternoon with the $CLSK management team and walked away with some rambling thoughts. It starts with the idea that if the DeepSeek risks materialize and alienate the middle of the curve where some Bitcoin miners operate today in AI/HPC, the three-pronged narrative might consolidate into two: the LBE (levered bitcoin equity) model or the cheapest "cost to mine" model.
But could it be time to consider a new metric: "cost to own"? With SAB 121 repealed, miners now have more opportunities to offer real "asset management" services with their HODL holdings. We could enter a world where instead of reporting "36,250 cost to mine 1 BTC," you might report "0 cost to own 1 BTC over ~8 months" based on various capital market strategies. This represents a new form of capital stewardship we haven’t seen in mining before, but the end result is the same: what is the best way to acquire more Bitcoin cheaply? While the LBE strategy externalizes financing arbitrage, the "cost to own" strategy internalizes it in-house.
And if there’s one company structurally set up to play this, it might be $CLSK as one of the most efficient player with scale in the space; it might be time to rethink the yield question for the Trump era. With that, congrats to @smatthewschultz@ZachKBradford on the 5y anniversary! Was a particularly memorable to be as Nasdaq today to be with you all.
The lore behind #sorkincoin is crazy straight from the ceo of blackrock
this shit could easily hit 10s of mills if picked up by the right hands.
Ca: 4wZNTEJpZkPjRe9aDFr2ZjcSnrWpTmxA6XA96mgUpump
SAB 121 being repealed may be the most important domino to fall for #Bitcoin under the new administration. It will now be easier for major financial institutions to participate in the future of finance.
🚨NEW per my @FoxBusiness colleague @EdwardLawrence: The #crypto executive order has officially been signed.
Here are the details:
📌The Executive Order establishes the Presidential Working Group on Digital Asset Markets to strengthen U.S. leadership in digital finance.
📌The Working Group will be tasked with developing a Federal regulatory framework governing digital assets, including stablecoins, and evaluating the creation of a strategic national digital assets stockpile.
📌The Working Group will be chaired by the White House AI & Crypto Czar @DavidSacks and include the Secretary of the Treasury, the Chairman of the Securities and Exchange Commission, and the heads of other relevant departments and agencies.
📌The White House AI & Crypto Czar will engage leading experts in digital assets and digital markets to ensure that the actions of the Working Group are informed by expertise beyond the Federal Government.
📌The Executive Order directs departments and agencies with identifying and making recommendations to the Working Group on any regulations and other agency actions affecting the digital assets sector that should be rescinded or modified.
📌The Executive Order prohibits agencies from undertaking any action to establish, issue, or promote central bank digital currencies (CBDCs).
📌The Executive Order revokes the previous Administration’s Digital Assets Executive Order and the Treasury Department’s Framework for International Engagement on Digital Assets which suppressed innovation and undermined U.S. economic liberty and global leadership in digital finance.
ok don't yell at me but this is how you mint these members of the Croak Cabal.
i'm in a burny mood and @manifoldxyz at long last has introduced OR statements in burns, so i'm putting them to use! 🤓💻 🔥
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