To believe that Bitcoin has no intrinsic value means:
1. Believing that having a decentralized, global payment and settlement network outside the conventional financial system has no value.
2. Believing that having a way to protect your purchasing power from inflation has no value.
3. Believing that being able to store your wealth without counterparty risk has no value.
4. Believing that the ability to send $5 or $50 million anywhere, anytime, with minimal fees has no value.
Yet, people say bitcoin has no utility or value.
The fact that people still care about 25 basis points is evidence that they don’t yet appreciate the depth of the fiscal dominance we are in.
Anyway, have a nice weekend.
Some folks seem surprised that Bitcoin's exchange rate is holding up after the failure of the Clarity Act.
Truly I tell you: Bitcoin needs no support from governments. All it needs is for governments to continue shooting themselves in the foot fiscally.
US Secretary Pete Hegseth testified that the Department of War is running classified Bitcoin initiatives for strategic advantage, stating Bitcoin is a national security matter.
Calling a Bitcoin drop to $75,500 a pullback ignores what Bitcoin is actually absorbing right now:
🔸interest rate fears | Treasury yields at 5%
🔸Iran war escalation | oil prices at $102
🔸Clarity Act defeat | AI in full force
BTC held through all of that, down 2% over two weeks.
When negative news fails to trigger a sell-off, the bear market is officially dead.
Those are BULLISH signs! 🚀
The final bear market narrative we have left is the 4 year cycle and that all ends in October apparently.
We had the hacks, the wars, the rate hike and everything in between.
Despite all that, Bitcoin remains above $76k and looks pretty strong.
Remarkably there are still those calling for bitcoin:native to go back down to $40k.
It's never happening.
The multi-year uptrend for Bitcoin has begun.
POV you wake up in 2026:
- Coldcards got hacked.
- The Clarity Act didn’t pass.
- The Fed raised interest rates.
- Bitcoin is up only 10% since 2021.
- The US Strategic reserve bought zero BTC.
😭😭😭
BREAKING: Bitcoin Strategic Reserve bill passes U.S. House committee. 🚀
• Mandates study of budget-neutral BTC acquisition.
• Extends wash-sale rules to crypto.
��� Requires 20-year hold on future reserves.
Advances to full House vote.
If “clarity” means 635 pages of restrictions that bend crypto to the will of traditional finance, we’re better off without it. Crypto needs room to innovate.
Bitcoin remains Bitcoin.