If you want exposure to Arc, the new chain from Circle, the company behind the USDC stablecoin, there's no Arc token to buy.
So the biggest exchange and the biggest launchpad on it are what's worth watching. Those are the beta bet, so if the chain takes off they take off
The low is in.
People focusing on the news are always late and always wrong.
Clarity "failed" again, and FOMC raised.
And Bitcoin is still at $76,000, above 90% of its new bull market support levels.
Bitcoin is massively forward looking, and it front runs everything you can imagine before you can even imagine it.
There are much smarter people to me and you playing this game.
And they are not reacting to things on the day they happen.
I am expecting local downside as we finish off this range, but this will be local lows.
Not new lows.
My "Cycle Bottom" + "Bull Market" combo has never been wrong.
That does not mean it cannot be wrong, of course, ANYTHING can happen.
But these metrics are coded to only flash when a very large amount of data sets line up together. It is why they are so reliable.
We're gonna get a "scary" drop, very likely, into the $70k - $73k region, but I firmly believe this will be one of the last chances to buy assets lower before we run it.
Don't get shaken out.
With CLARITY stalled, I expect the SEC, CFTC, and Treasury to advance rules under existing law, banks to expand Bitcoin custody and loans against it, and more capital to favor Bitcoin and digital credit. GENIUS supports stablecoin adoption. Progress need not wait for Congress.
If you’re sweating short time horizons you’re fucking everything up.
Crypto hasn't been through a cycle. A cycle needs liquidity to drive it, and what we got was liquidity being dampened while a massive bull market ran in something else.
The actual driver hasn't changed. Central banks and the banking system have to keep financing interest payments by issuing money to offset the ageing population. That is The Everything Code. It’s been playing out like this for decades and it doesnt care about your quarter.
Own Nasdaq, own crypto, go to the beach.
The CLARITY Act didn't advance in the Senate today, which was a disappointment. While it's possible bi-partisan conversations continue and it lives to fight another day, we can't wait on Congress anymore.
The SEC and CFTC have the tools they need to create clear rules under existing authority, and I expect will begin working on this in earnest.
So clarity is coming to crypto regardless.
And of course GENIUS is already the law of the land for stablecoins, which is even more permissive on rewards. There were some concessions we made on CLARITY that were tough to swallow, so perhaps it's for the best.
Crypto can't be uninvented. With clarity emerging through the regulators, we'll continue updating the financial system.