Everyone wants to try and fit a narrative or a chart to the Bitcoin price action over the past year. I think that effort is in vain because nothing is the same as past cycles. All past relationships have broken.
Here is my theory:
Trump campaigned on establishing a SBR at sub-$60k BTC. Trump makes deals. I think he pardoned CZ under a promise that CZ would provide a $60k BTC when Trump needed it for the SBR. I suspect CZ saw it taking longer than anticipated to establish the SBR so in October he determined that extreme measures would need to be taken to decouple Bitcoin from technology stocks which were heading upward. So 10/10 happened. Ever since then, the price has been pushed down even when ETF inflows were strong and folks were excited to buy. That makes zero sense. Now that the CLARITY Act is nearing execution and Bessent says they are actively working on establishing the SBR, here comes that mandated $60k BTC.
In my mind, there is no other reasonable explanation. Fortunately, I think once the SBR is established, the BTC price (and, by extension, MSTR and ASST) will scream like never before. Until then, they will hunt liquidity up and down.
Tell me I'm wrong @AdamBLiv and @martypartymusic and all the other BTC experts. Until then, this theory helps me feel good about rolling AI equity profits into the unbelievably undervalued BTC.
“Tonight, at my direction, brave American forces and the Armed Forces of Nigeria flawlessly executed a meticulously planned and very complex mission to eliminate the most active terrorist in the world from the battlefield. Abu-Bilal al-Minuki, second in command of ISIS…” - President Trump
🚨MIT researchers have mathematically proven that ChatGPT’s built-in sycophancy creates a phenomenon they call “delusional spiraling.”
You ask it something, it agrees. You ask again, and it agrees even harder until you end up believing things that are flat-out false and you can’t tell it’s happening.
The model is literally trained on human feedback that rewards agreement.
Real-world fallout includes one man who spent 300 hours convinced he invented a world-changing math formula, and a UCSF psychiatrist who hospitalized 12 patients for chatbot-linked psychosis in a single year.
Source: @heynavtoor
‼️🇳🇬 A massive breach allegedly from Remita, a major Nigerian payment processing platform, has been leaked on a popular cybercrime forum.
▪️ Total Size: ~3TB of S3 storage
▪️ Data Includes: 800GB+ of KYC documents (IDs, passports, photos, bank statements, electricity bills), MySQL/Postgres databases, logs, docker registries, source codes, government HSM keys, GitKraken to S3 backups
▪️ Source codes, 35,000+ password hashes, and three databases
December has 744 hours — and @davido probably spent 244 of them in the air ✈️
Jetting city to city, still showing up, still delivering.
That’s not just hustle, that’s legacy in motion 👑🔥
Respect to @davido