Mike Fay

[Mike Fay @faybomb]

This waterfall admittedly did not start from overbought levels (the case in Jan), but the bounces off of sub-22 RSI-14 on the 4hr chart have averaged 20% so far in 2026. If you can avoid degen behavior, this is probably where Silver bulls want to be buying (IMHO, I did today)

[Mike Fay @faybomb]

The Bitcoin meltdown was completely predictable FWIW: https://t.co/pskx7Gqn2n

[Mike Fay @faybomb]

fOuR yEaR cyCLe tHEoRy iS deAD

[lynk @lynk0x]

"The sellers are getting exhausted"

The sellers:

[Judy Shelton @judyshel]

Yes—and hear, hear. This quote from @SecScottBessent at yesterday’s hearing before the House Financial Services Committee:

“The independence of the Fed is based on its trust of the American people,” Mr. Bessent said. “The Federal Reserve lost the trust of the American people when it allowed the greatest inflation in 49 years to ravage — ravage — the working people of this country.”

[Mike Fay @faybomb]

@mike_maloney You're a legend, Mike. I can't thank you enough for all the knowledge that you have shared through the years (bought my first Silver bars from you, too!) Praying for a full recovery

[Dave Portnoy @stoolpresidente]

Hey America! WE’RE BACK! #nepats

[Mike Fay @faybomb]

@Phil_Cooper87 Thanks bud! Good to hear from you. Hope all is well man

[Mike Fay @faybomb]

tHe pAtRiOtS hAd tHE eASiEsT sCheDuLe

[JP Sears @AwakenWithJP]

What the hell of being a conservative influencer in 2026 is like...

[Forrest Knight @ForrestPKnight]

Honestly, Ben Affleck actually knowing AI and the landscape caught me off guard, but as a writer, makes sense.

Great takes across the board.

[Erik Voorhees @ErikVoorhees]

Fed "independence" is a myth, a story.

It is the moral cover which justifies its grotesque state-sanctioned near-monopoly power over the most important market in the world: money.

The Fed is never "independent" of the banking establishment. It is of, by, and for the banks. The Fed is the banking establishment's greatest accomplishment.

And because modern banking is an appendage of the state, so too is the Fed its most potent tentacle.

Nobody should really care about how much the Fed spent on its building renovations. What a distraction!

The Fed's crime is not an embellished construction project, but the systematic coercive distortion of money rates across the global economy for the past century.

[Mike Fay @faybomb]

This man is either panicking, losing it, or actually stupid. Yes, Michael, you ARE competing with the other DATs. For capital, for price, and for the precious volatility that enabled the whole flywheel to begin with.

[Eric Yakes @ericyakes]

The most defensive and angry I've seen Saylor get when asked a simple question about treasury companies

Can't have an intellectual conversation

Dodges, intimidates, and draws false comparisons

[James Lavish @jameslavish]

Nobody will be arrested. Nobody will be held accountable. The money will never be returned. They will just cut deals with each other, print more money, and act like it never happened. Wake up before it is too late and own something that cannot be printed into oblivion.

[Mike Fay @faybomb]

ZERO.... zero chance this fresh commitment to integrity actually sticks. But high marks for acknowledging legacy news media has been completely full of shit for years. That's fun.

[CBS Evening News with Tony Dokoupil @CBSEveningNews]

"On too many stories, the press has missed the story. Because we've taken into account the perspective of advocates and not the average American. Or we put too much weight in the analysis of academics or elites, and not enough on you."

That changes now. The new CBS Evening News starts Monday at 6:30 p.m. ET on CBS.

[Nick shirley @nickshirleyy]

🚨 Here is the full 42 minutes of my crew and I exposing Minnesota fraud, this might be my most important work yet. We uncovered over $110,000,000 in ONE day. Like it and share it around like wildfire! Its time to hold these corrupt politicians and fraudsters accountable

We ALL work way too hard and pay too much in taxes for this to be happening, the fraud must be stopped.

[Mike Fay @faybomb]

👀

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Nvidia, $NVDA, founder Jensen Huang says “the whole world would've fallen apart” if Nvidia missed earnings expectations.

[Mike Fay @faybomb]

@RhoRider If my math is correct, he does not have the cash he needs to pay these dividends. $54.3 million at the end of September. $26.7 million remaining from Q4 ATM usage through 11/17. He's either selling BTC before year end or he's going full doom loop with the preferred stocks

[Mike Fay @faybomb]

I talk my shit about Bitcoin and have enjoyed the ride in metals the last year. But the market move this year that I have legitimately loved is Zcash. Not wrong. Just early #PrivacyIsNormal $ZEC

[simon @simononchain]

If you told me 6 months ago that Zcash would start absorbing Bitcoin’s original use-case, I’d have laughed.

Today, I’m not so sure...

In fact, I believe a strong case can be made that BTC's original cypherpunk vision has been hijacked.

Not just because it has underperformed things like the $QQQ's, but because its role as a sovereign, censorship-resistant, private medium of wealth storage and transfer has been hollowed out...

For example,

~9% of all BTC sits in US ETFs or government treasuries today; custodial, surveilled, fully transparent structures where individual sovereignty is basically zero.
At the same time, global financial surveillance is accelerating.

From EU stablecoin balance caps, eventual roll outs of CBDC’s across a range of jurisdictions and the very real possibility of a more interventionist, anti crypto “democratic socialist” US government.

What many no longer discuss is that Bitcoin actually had an opportunity to fix this over a decade ago...

The Zerocoin proposal, a cryptographically sound privacy layer designed specifically for Bitcoin, was brought to the community in 2013.

It could have become Bitcoin’s native shielded transaction system or at least a sidechain that preserved the asset’s cypherpunk roots.
But Bitcoin Core rejected it.

Not because it didn’t work, but because the culture had already begun shifting toward “don’t change Bitcoin,” ossification, and risk-aversion.

The team behind Zerocoin eventually left and created Zcash, implementing the privacy Bitcoin refused to adopt.

Against that backdrop, Bitcoin has no credible way to shield balances or transaction flows.

Even Satoshi openly acknowledged this limitation in 2010: “If a solution was found, a much better, easier, more convenient implementation of Bitcoin would be possible.”

He was talking specifically about privacy.
If you go back through Bitcointalk archives, it’s clear a lot of early Bitcoiners believed that if stronger cryptographic tools existed then, Bitcoin would’ve implemented them from day one.

That sentiment never fully went away, and as modern ZK proving systems have matured, it’s resurfaced in a very real way.

This is (IMO) one of the biggest drivers behind ZEC’s recent outperformance today.

But why ZEC then and not $XMR?

Monero is obfuscation, not encryption; so it is weaker from a technical POV.

Further, XMR's branding as a “darknet coin” permanently limits its mainstream legitimacy. Zcash, on the other hand, has consciously rebranded itself around freedom, sovereignty, and cryptographic integrity, not as the preferred currency of criminals...

/////

The larger, more recent and timely unlock for ZEC though, is less around its branding but more around recent advances in UX.

Last month, NEAR Intents fully integrated ZEC, rolling out Zashi Swaps.

This has helped enable native, shielded, cross-chain swaps directly onchain and on mobile (without having to use a CEX).This is the infrastructure ZEC never had.

And since its gone live, the market has reacted.

$ZEC has already gone from ~$78 to a peak of ~$800 before settling in the ~$500 range today, and on Near Intents it’s now out-voluming Bitcoin:

30D: $390M ZEC vs. $272M BTC
7D: $168M ZEC vs. $94M BTC

These flows tell a very clear story: since its become trivial for users to rotate their BTC into ZEC in a fully non-custodial, private way, they've begun doing it.

You can also see this playing out directly on-chain.

Since October 1st, nearly 1 million ZEC (+25%) has moved into shielded pools, almost all of it driven by a vertical explosion in the Orchard pool once intents + mobile UX went live.
Nearly 5M ZEC is now sitting in shielded pools.

Another important point: the Winklevoss twins have publicly thrown their support behind ZEC.

While it may be easy to write them off as low signal these days, them throwing their weight behind a new token is very significant.

People forget how instrumental they were to Bitcoin’s early breakout, they:

- were among the first major BTC whales (held ~1% of supply)
- helped shape the macro narrative in 2013
- provided early liquidity pipelines
- and they helped legitimize Bitcoin to institutions at a time when nobody else could.

In this sense, their backing isn’t symbolic but also signals to a very specific class of early adopters that ZEC is worth paying attention to.

Their alignment with the Trump administration also adds a non-trivial political dimension...

And it’s not just them. An increasing number of early BTC whales, have started to acknowledge that ZEC is picking up the values Bitcoin has slowly drifted away from.

You can feel that shift in tone if you track who’s resurfacing in the conversation

Finally, ZEC has also stood out because it’s been one of the only PvE assets since the October upgrade went live, not PvP like the rest of the space has felt.

Where most of crypto has been existing participants trading against each other (plus some ETF- and DAT-specific flows), ZEC has actually pulled in new capital:

- BTC holders rotating for privacy reasons
- off-chain capital looking for sovereignty guarantees
- and even Silicon Valley technologists who still believe in and want exposure to the original cypherpunk ethos.

When you put all of this together:

- institutional/government capture of BTC
- rising global surveillance
- Satoshi’s own comments about Bitcoin’s missing privacy layer
- Bitcoin core’s refusal to adopt Zerocoin or any credible privacy upgrade (forcing its creators to build Zcash instead)
- OG Bitcoiners revisiting the “what Bitcoin should have been” argument
- ZEC’s technical superiority over XMR
- the Zashi/Intents UX unlock
- volume flipping BTC
- shielded supply going parabolic
- major early Bitcoin figures (Winklevoss + others) now supporting ZEC
- ZEC being one of the few PvE assets this cycle

…it becomes difficult to ignore the possibility that $ZEC is stepping into the role Bitcoin abandoned, a store of value with privacy and sovereignty built in.