PHONG LE SAYS “WE HAVE NO MARGIN TO GET MARGIN CALLED”
He says the balance sheet was built to withstand Bitcoin bitcoin:native volatility without being forced to unwind:
- There is no margin tied to the Bitcoin position that could trigger a traditional margin call
- Maintaining a strong U.S. dollar reserve helps support STRC $STRC and protect its dividend
- The next priority is attracting more long-term institutional holders, after ownership previously stood around 80% retail and 20% institutional
PHONG LE SAYS OWNING 4% OF ALL BITCOIN bitcoin:native STILL DOESN’T MEAN YOU CONTROL IT
Strategy $MSTR treats Bitcoin with humility because volatility cuts both ways:
- Bitcoin can rise 2X or 3X, but it can also fall 50% to 75%
- Owning 4% of all Bitcoin still gives Strategy no control over how the asset behaves
- Le sees Bitcoin improving traditional finance rather than necessarily disintermediating banks
PHONG LE SAYS “WE HAVE NO MARGIN TO GET MARGIN CALLED”
He says the balance sheet was built to withstand Bitcoin bitcoin:native volatility without being forced to unwind:
- There is no margin tied to the Bitcoin position that could trigger a traditional margin call
- Maintaining a strong U.S. dollar reserve helps support STRC $STRC and protect its dividend
- The next priority is attracting more long-term institutional holders, after ownership previously stood around 80% retail and 20% institutional
VLAD TENEV SAYS TRUMP ACCOUNTS COULD MAKE INVESTING START AT BIRTH
He sees the program as a way to build ownership and financial education from the very beginning:
- Robinhood $HOOD is the sole broker and initial trustee of the Trump Accounts in partnership with BNY, the U.S. Treasury and the administration
- Tenev says 7 million people signed up before launch, while Michael Dell’s donations have already started reaching children
- Robinhood is also building an employer program so companies can contribute to Trump Accounts for their employees
🚨 ANTHROPIC WHISTLEBLOWER JACOB COXEN ON WHY AI IS UNIQUELY DANGEROUS:
"I fear the rate of progress with this technology, and it's different from all other technologies. Nuclear weapons could be used for good or evil, but AI is the only technology that can use itself."
"No matter what we want, whether we wanna use it for good and get there first, the AI wants things itself. That's what makes it so uniquely terrifying."
🇺🇸 WHITE HOUSE AI & CRYPTO CZAR DAVID SACKS ON WHEN AI COMPANIES SHOULD STOP:
"It is incumbent on any corporation in America to make sure their product is safe. They have massive product liability for doing that. Obviously, yes, if their product cannot be done safely, then I'm not gonna tell them to continue."
His confidence it won't come to that:
"If they do the right things, if they sort of calm down, focus on what's happening in their lab, focus on good engineering, I think these problems can be solved."
🇺🇸 SENATOR ELIZABETH WARREN ON THE CLARITY ACT:
"I see the Clarity bill as insulting to the American people. Sometimes Congress gets fooled, but not this time. Donald Trump has made clear what his scam is."
On her concerns with crypto:
"Criminals are able to step up their activity because crypto gives them that special advantage to get the money and hide who they are. Terrorists being able to use crypto. The risk that crypto poses to the entire financial system. We've got the whole question about shadow banking."
"We know what the problems are. We see a bill that's moving, and yet we don't fix it."
🚨 @RaoulGMI ON WHAT AI IS ALREADY DOING AND WHERE IT LEADS:
"We've already seen AIs invent religions. Andy Ailey put a few AIs together in a room and they created a religion called Goatse, which ended up becoming a billion-dollar meme spun up because it suggested it to people on X. They invented another religion called Crustiferanism. It was a way of them coordinating, which is what religion is: how do large societies live together."
On the abundance thesis:
"I think Elon is absolutely right. Once you add infinite amounts of economic agents and millions to billions of robots, you've got a labor force that costs you almost nothing. You can pay for your max plan on Claude for $200 a month and get infinite intelligence. It's incredibly cheap and will only get cheaper."
"Intelligence will be too cheap to measure. Right now, intelligence is the expensive part of the economy. Lawyers, doctors, accountants. All of that gets eroded away over time because this is a much cheaper, more efficient, better way of doing it."
🚨 NVIDIA CEO JENSEN HUANG ON AI EXTINCTION RISK PREDICTIONS:
"We shouldn't explain 10% extinction odds because it's made up. These are well-educated researchers, and the confluence of these words and predictions is alarming and troubling. It's irresponsible."
His list of failed AI predictions:
"There was a prediction that in 5 years radiology would be completely taken over by AI and there'd be no radiologists. That has proven to be exactly the opposite. We need more radiologists than ever. AI has automated scan reading, which is great."
"There was a prediction last year that within 6 to 12 months, 90% of code would already be generated by AI. That has turned out to be wrong."
"Within 6 to 9 months, 50% of entry jobs will be wiped out. That has proven to be wrong."
"Let me see. All of these predictions have been wrong."