People still think (or feel) because Bitcoin is down crypto is down.
Derivatives/perps, stablecoins, prediction markets, etc are all up in crypto.
Crypto touches every area of finance, and is much broader than Bitcoin now. It will take some time for this to sink in.
(And yes - Bitcoin is going to do great and is as important as ever - one of many cycles we've all been through.)
The Holy Trinity is dead. Sadly due to the Orchard Pool exploit, I had to dump our entire $ZEC bag.
- While I think it's extremely unlikely of any minting, it cannot be formally cryptographically proved impossible
- The privacy from AI, govt, big tech narrative demands perfection not improbability
- I read about the exploit yday, and didn't appreciate how it violated my narrative mental map. The 30% dump, made me rethink, and I had to take profit on the entire position
- We will consistently re-evaluate our thinking and if my assumptions are proven incorrect, will rebuy, hopefully at lower prices.
- Privacy is priceless and I have no issue eating humble pie and rebuying much higher.
We still hold $WLD and are excited for Lord Elon to pump our bags.
🩸 WARNING: $BTC JUST BROKE THE MOST IMPORTANT LINE IN ITS HISTORY.
14 years of support. Gone.
That trendline survived Mt. Gox. 2018. COVID. FTX.
It just failed.
BUYBACKS ONLY WORK IF THEY BEAT UNLOCKS
HYPE has bought back 44M and only had 4M unlocks since TGE
No VCs, No insiders
ASTER has bought back 266M, but had 960M unlocks since TGE
VCs, Insiders
That’s the difference
Aging is arguably the root cause of most major diseases (loss of function in our cells). Four years ago, we made a bet that aging was treatable, and NewLimit was born.
NewLimit now has a prototype drug that reverses the age of some human cells (restores function they had when they were younger), and a clinical trial scheduled for next year (with more drug candidates in the pipeline).
Grateful to Founders Fund, Thrive, Greenoaks, and the rest of the investors for this latest round. @jacobkimmel and the team are just getting started.
Here's why ETH is vastly undervalued.
Pick almost any metric that matters: stablecoins, DeFi TVL, tokenized assets, settlement, transactions, and Ethereum sits at #1, with market shares running 21-64%.
So why is ETH barely 10% of crypto's total market cap?
Raoul Pal on the current state of crypto:
"You've got a cheap entry point, with an accelerating use case, with large amounts of money coming to it..."
Banks are coming.
Global liquidity set to increase.
The AI agent economy is arriving.
The CLARITY Act is getting signed.
Stablecoins are on a run rate of like $100T a year.
"It's like, ok - here's the perfect storm."
FT @RaoulGMI@KevinWSHPod@RealVision.
JUST IN: JIM CRAMER JUST SAID HE IS "REEVALUATING HIS PRO-#BITCOIN STANCE"
THE MOST RELIABLE INVERSE INDICATOR ON WALL STREET JUST FLIPPED BEARISH
WE'RE SO BACK 🚀🚀
THIS IS CRAZY 😱
🇺🇸 FBI has seized a record 127,000 $BTC worth $9.3 BILLION, possibly the LARGEST seizure in history.
This has been done via a crackdown on "scam compounds" and organized crime.
If adding 127K BTC, US Strategic Bitcoin Reserve is now over 450,000 BTC worth $33 BILLION.