richest™

Scholar, Small Business Owner, Investor, Tech Enthusiast, Igrant Johnny 🇧🇧 •
𝘐𝘧 𝘺𝘰𝘶 𝘸𝘢𝘯𝘵 𝘮𝘰𝘳𝘦 𝘭𝘶𝘤𝘬, 𝘵𝘢𝘬𝘦 𝘮𝘰𝘳𝘦 𝘤𝘩𝘢𝘯𝘤𝘦𝘴

[richest™ @kyronrichards]

BENEFACTION ✓

Thank you to the MLLF and the Nation 🤝🏼

[BK Sports @bettingkingz9]

Mexico will host World Cup matches here! This is actually not AI.

[kev joon @never_oppressed]

Apocalyptic scenes from Tehran tonight. I’ve never seen something like this.

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 OpenAI officially reaches deal with the Pentagon to deploy its AI models for military use.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: President Trump addresses the people of Iran:

"Stay sheltered, don't leave your home. It’s very dangerous outside, bombs will be dropping everywhere. When we are finished, take over your government. This will be probably your only chance for generations."

[Jamie Coutts CMT @Jamie1Coutts]

1/ The BTC crash will prompt deep self-reflection. Here's mine as I review the last 4 months from the peak.
Price action was clear from the $90K breakdown in January. But it was back in September when I first saw the potential for turbulence:
https://t.co/qTS0DqqJvG
At the time I wrote:
I expected a Fed pivot. We got one (end of QT → "Reserves Management").
I expected the business cycle to inflect higher. It has (ISM 48 → 52.6).
I expected a "normal" 25-30% pullback. We are now in a -50% pullback.

BTC is a core position but in Sept and October I derisked some peripheral positions. I could have done alot more. My liquidity model was actually inflecting higher so I held ground. But the technicals were decisively bearish. I saw it and didn't act. That's on me.

2/ Why didn't I act more aggressively? Because I failed to respect how wide the gap between thesis and price can get. If your time horizon is short, the only thing that matters is price.

I also underestimated how finite marginal liquidity really is. October 10 rugged the broader market, AI scarcity repriced where capital flows, and the deleveraging event hit simultaneously. Crypto got cut from the marginal liquidity equation in real time.

This isn't a blame game. But everything in markets is relative, and I didn't adjust fast enough.

3/ The deeper failure is one I think many share.
The psychology of this market reflects collective belief. And the collective treats BTC and crypto as an ATM, not a utility. When the primary use case is "number go up" and price detaches from the utility function, markets distort. Previous cycle gains created a withdrawal reflex, not a conviction base.
I knew this intellectually. I didn't price it into my risk framework. There's a gap between understanding market psychology and actually respecting it with your positions. Thats why TA is powerful.

4/ None of this changes my long-term view. BTC remains a core position. Blockchains are becoming integral global infrastructure, and that trajectory is accelerating.
AI agents will need permissionless, programmable rails to transact. They won't wait for legacy banks to negotiate deals that preserve their margins at the consumer's expense. By the time incumbents finish lobbying for regulatory moats, the early agentic economy should be visible for all to see.

The cycle pain is real. But my thesis remains intact. Today's move is approaching capitulation levels on many metrics. However, credit needs to go to folks @benjamincowen and @cburniske, who applied a different framework and were early/right. Disagreement between analysts who do the work isn't failure. It's what tests robustness. That's how the craft improves.

5/ One more thing. Every analyst needs a framework that suits their own psychology and time horizon. No framework works 100% of the time.
What matters is that you do the work, build a thesis, test it, and evolve it. People like @RaoulGMI and @JulienBittel have done that consistently. Their track records speak for themselves.

Let the poo flinging commence.

[richest™ @kyronrichards]

Very interesting read

[The Kobeissi Letter @KobeissiLetter]

In case you don't realize what just happened:

Venezuela holds the LARGEST oil reserves in the world, at 300 billion barrels.

The US is now "running" Venezuela with large US oil companies moving in, according to Trump.

The US now controls the largest oil reserve in the world.

[Aravind @aravind]

I can predict once the Russia-Ukraine peace deal is done, Trump will go after Venezuela hard with sanctions and try take out Maduro. If everything fails, a false flag and direct bombing-invasion will happen. Why will the US do it? The answer is below for you. Gn.

[Dr. Rhonda Patrick @foundmyfitness]

A daily dose of 10 grams of creatine may do more than boost strength—it doubles brain creatine levels compared to lower doses of 2 or 4 grams.

Neuroimaging studies show that this higher dose increases high-energy phosphates in the gray matter, white matter, and thalamus—areas critical for mood, memory, and cognitive performance—in people with treatment-resistant depression. This translates to improved mitochondrial function, suggesting creatine’s potential as a metabolic support for the brain.

According to @darrencandow, once muscle creatine stores are saturated (which happens at 5 grams per day), extra creatine may “spill over” to other tissues—including the brain, bones, and immune system—where it can deliver additional health and cognitive benefits.

The bottom line? 5 grams might be the baseline—but 10 grams could unlock the full-body potential of creatine.

Episode 100 of the FoundMyFitness podcast dives deep into creatine’s role in enhancing cognitive function, promoting neurological resilience, and supporting muscle and bone health.

Watch or listen now on YouTube, Spotify, or Apple Podcasts.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: President Trump signs Executive Order establishing a Strategic Bitcoin Reserve.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: President Trump's 25% tariffs on Canada and Mexico and 20% tariffs on China have officially gone live.

Canada's retaliatory 25% tariff against the US is also now live.

The trade war has begun.

[richest™ @kyronrichards]

@_APWK_ Very interesting claims but after further research it seems “an investigation was conducted that raised several methodological issues and confirmed that the conclusions were not supported by strong scientific data. The article is therefore retracted.”

https://t.co/5P7xKQsJTm

[richest™ @kyronrichards]

Interesting read

[indi.ca @indica]

Isn't it ironic? A hundred EV companies have bloomed under communism, while capitalism subsidizes one moron. A startup has trained an AI for $5.5 million under communism, while capitalist AI requires $500 billion in government support. 1/11

[Avichal - Electric ϟ Capital @avichal]

Ironic that we got free AI from a hedge fund and $200/month AI from a nonprofit.

[richest™ @kyronrichards]

Planning out the upcoming year in January has never been as exciting as it has been for 2025 😁

[non aesthetic things @PicturesFoIder]

He’s living my mf dream life 😭 this is the coolest set up EVER

[Documenting Saylor @saylordocs]

Michael Saylor on Apple in 2012 🤯

[Bitcoin @Bitcoin]

$100,000.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: #Bitcoin officially hits $75,000 for the first time in history.

Bitcoin now has a market cap of $1.45 trillion, up over 70% year-to-date.

Historic night for crypto markets.