Johnny Hardcoin⚡️

Libertarian, Economist, Cryptotrader, Contrarian

[Jaynit @jaynitx]

3 days ago, Elon Musk sat in front of JP Morgan’s 3,500 wealthiest investors and explained why the AI economy is moving to space:

1. Starship is the first rocket in history designed to be fully reusable. Every other mode of transport... planes, cars, ships... you take reusability for granted. Rockets have always been thrown away after one use. That ends with Starship. Once you achieve full reusability, the only cost is fuel. Starship runs on liquid oxygen and methane. Both are cheaper than jet fuel.

2. Sending cargo to orbit will soon cost less than international air freight. This is not a distant projection. It is the direct mathematical outcome of reusable rockets plus cheap propellant. The economics of space change entirely.

3. Starlink V3 is 10 to 20 times more capable than what's currently in orbit. The satellite is so large it can only launch on Starship. It cannot fit on any other rocket on Earth. 100 times more bandwidth. Half the latency. It may become the highest bandwidth, lowest latency communication system that exists.

4. AI and robots will consume bandwidth at a scale humans cannot picture. Peak human bandwidth is a few hundred bits per second. A computer runs at a trillion. The appetite of AI for data infrastructure will be unlike anything built for human use. Starlink V3 is being built for that world... not this one.

5. Data centers are moving to space. Not as an experiment. As the primary way to scale AI compute going forward. It is increasingly hard to build power plants on the ground. Nobody wants one near their home. Space removes that constraint entirely.

6. From the moon, you can scale to 1,000 terawatts of compute per year. From Earth... maybe 1. The moon has no atmosphere and one-sixth Earth's gravity. You can manufacture solar panels from moon materials and launch data centers with a railgun. No rockets needed. The math on this is not close.

7. Current human civilization uses less than one trillionth of the sun's energy output. You could scale to a million times Earth's entire economy and still be using less than one millionth of what the sun produces. The ceiling on what's possible is so far above us it barely registers as a ceiling.

8. There is not a single high-volume computer memory fab in America right now. Zero. The chips needed to build the AI future do not exist in sufficient quantity anywhere in the Western world. That is why SpaceX is building one. Not to compete. Because there is no other option.

9. SpaceX has been cash flow positive since around 2014. The IPO is not a distress move. Past funding rounds were not even fundraising... they were liquidity events for employees. The company bought back its own stock. The IPO is happening now because the next phase requires capital private markets cannot absorb.

10. The senior team has barely changed in over a decade. The CFO has been there 15 years. Musk joined as the seventh employee in 2002. He says people who believe in the mission don't leave. And above technical skill, he now looks for one thing... whether someone is genuinely a good person.

[Whitelist Media @Whitelist1Media]

Andrew Kang robotics bet is getting interesting.

Most investors can't buy companies like Figure AI or Apptronik before they IPO.

That's exactly what $BOT is trying to solve.

RoboStrategy, now trading on Nasdaq under the ticker $BOT, is building a public vehicle focused on private robotics and Physical AI companies.

Current names include Figure AI, Apptronik, Standard Bots, Dyna Robotics, Dexmate, with management also in discussions with additional leading robotics startups

(worth checking the pinned post 👀).

The thesis is simple:

• Labor is a ~$60T global market.
• The world is facing an 85M+ skilled worker shortage by 2030.
• The biggest winners may stay private for years, leaving public investors with little direct exposure.

This looks like an attempt to build the "MicroStrategy for private robotics exposure."

If you want to learn more about BOT, then spend 1 hour of your time with Andrew Kang 👇

[Adam Livingston @AdamBLiv]

🔥WE NEED BITCOIN MORE THAN EVER - I AM STACKING MORE NOW🔥

We're down 50% from the all-time high, sentiment is the worst in recorded history, and your cousin who bought the top has stopped returning your texts.

Which means it's the perfect time to remember why any of us are here in the first place.

In this one I make the case that nothing which made Bitcoin necessary got fixed while you were busy staring at a red candle.

The money printer is still warm.

The deficit is still projected at $1.9 trillion.

The starter home is still a luxury asset owned by a hedge fund.

WE NEED BITCOIN MORE THAN EVER:

[Bull Theory @BullTheoryio]

THIS IS VERY CONCERNING.

Anthropic just called for a global pause in AI development, warning that AI is getting close to improving itself without human help.

In April 2026, Claude ran a full AI research project completely on its own. Humans picked the topic. Claude came up with every experiment, ran every test, and delivered the results.

Two human researchers spent a full week on the same problem and got 23% of the way there.

Claude got 97%.

Claude Mythos Preview is now 52x faster than a skilled human at improving AI training code. The same task takes a human 4 to 8 hours. Claude does it better.

Claude already writes 80% of Anthropic's own code. Their engineers are getting 8x more work done than in 2024, not because they work harder, but because Claude does most of it.

In March 2024, Claude could handle a 4 minute task on its own. Today it handles 12 hour tasks. That number doubles every 4 months. Week long tasks are expected by 2027.

Anthropic warns once AI can build and improve its own next version without any human help, nobody knows how fast things move after that or if humans will still be able to control it.

[The Kobeissi Letter @KobeissiLetter]

What just happened?

The S&P 500 just erased nearly -$2 TRILLION of market cap just hours after 3rd strongest US jobs report in 18 months.

Meanwhile, Bitcoin is officially down over -50% from its record high in October 2025.

What's happening? Let us explain.

(a thread)

[Bull Theory @BullTheoryio]

🚨 EVERYTHING THAT COULD GO WRONG FOR MARKETS WENT WRONG TODAY.

S&P 500 down -1.65%, wiping out $1.14 trillion.
Nasdaq down -2.60%, wiping out $1.11 trillion.
Gold down -3.38%, wiping out $1 trillion.
Silver down -6.9%, wiping out $280 billion.
Bitcoin down -6.31%, wiping out $80 billion.

In total $2.5 TRILLION wiped out in a single session. These were not isolated moves. Everything started breaking at the same time.

It started with the jobs report this morning.

The US economy added 172,000 jobs in May. Wall Street expected 88,000. That is almost double.

On any normal day, strong jobs is good news. But inflation is already at 3.8% and oil is sitting at $90. A labor market this strong tells the Fed it cannot cut interest rates and may actually need to raise them.

The probability of a rate hike this year went from 40% to 57% in a single day. That spooked every investor holding tech and growth stocks because higher rates mean those stocks are worth less today.

Then the AI trade started cracking.

Yesterday Broadcom reported record earnings: revenue up 48%, AI chip sales up 143% and the stock still crashed 12.6%. The reason was simple.

Broadcom did not raise its AI revenue targets for the year. Investors had expected it to. That single miss made people ask a question they had been avoiding for months: are we paying too much for AI stocks?

That question got louder today when a research firm called SemiAnalysis revealed that Nvidia's next-generation AI chips will need significantly less memory than everyone assumed, roughly half of what the market was pricing in.

Memory chips are what companies like SK Hynix and Samsung make. SK Hynix fell nearly 10% today. Samsung fell over 6%.

South Korea's entire stock market crashed 5.5% in a single session. Japan's semiconductor stocks did the same.

And then Anthropic added fuel to the fire by publishing a report warning that AI is getting close to the point where it can improve itself without human help and calling for a global pause in AI development.

Coming on the same day as the memory demand news and Broadcom's miss, it fed a single growing fear across the market: what if the AI boom is moving faster than the business models can keep up with?

Underneath all of this, there is a liquidity problem nobody is talking about.

SpaceX goes public next week at a $1.75 trillion valuation. Anthropic just filed to go public. OpenAI is next.

These three companies together are worth $4 to $5 trillion. Fund managers need cash to buy into these listings.

But cash levels are already at their lowest since early 2024. The only way to raise cash is to sell what they already own. That selling is happening right now.

The new Fed Chair Kevin Warsh will also hold his very first policy meeting in 11 days. He was appointed by Trump with the expectation of cutting rates.

He is now walking into a situation where inflation is high, oil is high, and the job market is running hot. Investors do not know what he will do.

When nobody knows what the most powerful central banker in the world will decide in less than two weeks, the safest move is to reduce risk today.

Everything that could go wrong, went wrong at the same time. A hot jobs report, a collapsing ceasefire, a crack in the AI trade, a trillion dollar liquidity drain, and a Fed meeting with no clear outcome.

[Michael A. Arouet @MichaelAArouet]

Germany will one day be studied as a case study of left-green indoctrination that turned an admired industrial powerhouse into the sick man of Europe.

If leftists can ruin Germany, can you imagine what they could do to your country?

[MR SHIFT 🦁 @KevinWSHPod]

Saylor x BTC Drama

Fwiw I sat down for more than 2 hours with Saylor about 2 weeks ago

This usually enables me to “feel” what kind of person is in front me , something that you can’t if you arent in the room with us. I’ve done 173 of those interviews over the last 3 years and this has enabled me to develop a good intuition, although there are no certainties ever (especially in this industry)

My intuition tells me that Saylor is a genius and is always a few chess plays ahead of everyone else. This is not new to his Bitcoin journey, it’s been true for 35 years at least. Watch the podcast below and you’ll understand what I mean

Imho, we have a bunch of monkeys on this app who havent done the work properly and are shouting for engagement and maybe because they are angry because they are losing money while their non crypto pals are outperforming them (enormously) by buying AI stocks or simply DCAing the Nasdaq for years 

And then we have Saylor who is an engineer and understands financial engineering way better than the little monkey “traders” or “KOLs” on this app

$BTC isn’t going down because of Saylor, although it’s always helpful to have a scapegoat for one’s poor investment/ trading / financial decisions and lack of long term thinking- every cycle needs a scapegoat. 

BTC is going down because it’s in a bear market.

I’ve been wrong in the past and am not a financial engineer by any means but I have developed a pretty good gut feeling after interviewing the biggest people in the industry - in a room - for more than 3 years. Saylor is truly built different and on another level of both intelligence and humility - that most could only dream of (myself included)

I truly believe (and know for a fact) that the majority of the people on this app have no idea what they are talking about and on top will say they bought the dip or the crash (whatever comes next) once the sentiment turns in the next few weeks or months

[Michael Saylor @saylor]

Final week to vote for twice-monthly dividends. If you haven’t voted, please do so now. We believe this upgrade helps make Digital Credit better for $BTC, $MSTR, and $STRC. Please share with other holders. We need your support. https://t.co/0QObDgFH5w

[Simply Bitcoin @SimplyBitcoin]

Treasury Secretary Scott Bessent:

The Strategic Bitcoin Reserve is "advancing with speed."

The Clarity Act will pass "this summer."

This is the Treasury Secretary of the United States. Not a podcaster. Not a pleb. The Treasury Secretary.

[AA ⚡️ @AAStack]

When you been a Bitcoiner for 7 years ⚡️

[Jeff Walton @PunterJeff]

Strategy tracking day 559

$MSTR now ranked 233rd largest US company by market cap. Fell 5 positions in the last 34 trading days.

Right behind $EBAY, yes the same Ebay that Ryan Cohen tried to buy weeks ago.

Let's compare Ebay's balance sheet, shall we?
Assets: $17.8 Billion ($4.4B, ~24.7% is goodwill)
Liabilities: $13.4 Billion
Net Assets: $4.4 Billion
Market Cap: $48.3 Billion
Price to Book Ratio: 10.9x
Price to Book Ratio (net of Goodwill): -947x (assets worth less than liabilities, net of goodwill)
Bitcoin held: ZERO
P/E Ratio: 24x
Revenue: $11.6B
TTM Net Income: $2.53B

For reference, Strategy has raised $10.4 Billion on STRC in the last 11 months.

Sits on 843,000 Bitcoin, currently valued at $56 Billion
Debt Liabilities: $6.7 Billion
Net Assets: $49.3 Billion.
Price to Book Ratio: 0.97%

Strategy has MORE NET ASSETS ON BALANCE SHEET TODAY THAN EBAY HAS IN MARKET CAP.

Others: Net assets / P/B ratio
XEL: $23 Billion (2.0X)
ETR: $17 Billion (2.9x)
LNG: $13.7 Billion (3.8x)
AZO: -$3.2 Billion (yes, negative) (-15.4x)
NDAQ: $12.2 Billion (4.1x)

[Mark Harvey @thepowerfulHRV]

$MSTR is $136.

The first time $MSTR traded at $136, it had 98,443 sats per share.

Today, it has 220,429.

[BLAKE⚡️ROGUE MONEY USER @bleighky]

$MSTR is doing exactly what S&P advised.

S&P called the reluctance to sell Bitcoin a “weakness.”

Now they’re selling.

Smart move.

[Marc ₿ @marc02200]

Literally my whole timeline is about Michael Saylor selling 32 BTC, which leaves them with JUST 843,706.

What I do find interesting is the reasoning behind selling 32 BTC. And let me tell you what I think the reason is: $MSTR is so focused on $STRC lately, and a lot of the noise comes from people thinking they won't pay their holders the dividend.

Saylor posted his "Working Better" post and the next few posts were about $STRC. First about maintaining the dividend rate at 11.50%. The second post "Our goal is to make $STRC the best credit instrument in the world."

Strategy isn't panic selling Bitcoin because they're about to go down. They're selling to reassure STRC holders that Strategy WILL pay you the dividend.

Panic over 0.004% of holdings is peak noise. They're paying STRC holders what they promised so the capital machine keeps fueling more Bitcoin.

[Bitcoin Magazine Pro @BitcoinMagPro]

Bitcoin miners have experienced below average revenue for 6 consecutive months per the Puell Multiple. ⛏️

How long will this trend continue? 👇

[Bitcoin Magazine Pro @BitcoinMagPro]

Bitcoin represents just 0.27% of global capital right now, but the math says that's about to change SIGNIFICANTLY by 2030. 🌍

Here's the number I'm expecting, and exactly how I got there. 🚀

Full video analysis below: 👇

[Michael A. Arouet @MichaelAArouet]

European „social justice“:

You earn money → absurdly taxed

You save money → absurdly taxed

You buy something → absurdly taxed

You die → absurdly taxed again

What is just or social in punishing hard work and ambition to redistribute it to those who don’t want to work?

[Eminent_minds @minds_eminent]

HOW TO RAISE YOUR AURA :

Your aura determines how people treat you.

Here's what actually works — no fluff,no magic.