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Michael Saylor just proved something massive. Welcome to the STRETCH Revolution. Buy #103: $1.57 BILLION deployed in 7 days. 📊 The numbers: - Strategy bought: 22,337 BTC - Miners produced: 3,150 BTC - MSTR captured: 709% of weekly supply 💰 STRC trading volumes this week: - Monday: $300M -...

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Tyler Rowe

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139,735 views • 5 months ago •via X (Twitter)

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Michael Saylor just made a STATEMENT. Buy #102: $1.28 BILLION deployed in 7 days. 📊 The numbers: - Strategy bought: 17,994 BTC - Miners produced: 3,150 BTC - MSTR captured: 571% of weekly supply 🔥 The flex: Strategy bought as much Bitcoin THIS WEEK as miner RIOT holds in TOTAL. He bought the 7th-largest treasury company's entire balance sheet in a handful of days. 📈 Year-to-date: - Buying 2.2x faster than global mining - Total holdings: 738,731 BTC - Supply vacuum: 36,081 BTC (widest of 2026) Two weeks ago Buy #100 was 592 BTC. This week? Nearly 18,000. Michael Saylor responded. 🟠 Full breakdown 👇 Track every move: BitcoinTreasuries.NET
4:04

Michael Saylor just made a STATEMENT. Buy #102: $1.28 BILLION deployed in 7 days. 📊 The numbers: - Strategy bought: 17,994 BTC - Miners produced: 3,150 BTC - MSTR captured: 571% of weekly supply 🔥 The flex: Strategy bought as much Bitcoin THIS WEEK as miner RIOT holds in TOTAL. He bought the 7th-largest treasury company's entire balance sheet in a handful of days. 📈 Year-to-date: - Buying 2.2x faster than global mining - Total holdings: 738,731 BTC - Supply vacuum: 36,081 BTC (widest of 2026) Two weeks ago Buy #100 was 592 BTC. This week? Nearly 18,000. Michael Saylor responded. 🟠 Full breakdown 👇 Track every move: BitcoinTreasuries.NET

Tyler Rowe

221,476 views • 5 months ago

$MSTR “Occasionally we will take a slight dilution in Bitcoin per share to improve the credit worthiness of the company.” In the past two days, the combined impressions across Saylor’s signal, Phong’s follow up, and Monday’s announcement crossed 17.5 MILLION! Love it or hate it, the attention Strategy commands is second to none. Post the announcement, skeptics were quick to point out that the acquisition, combined with the replenishment of the USD reserve, was slightly dilutive to Bitcoin per share. Michael Saylor came out today addressing that directly, reminding the market to look at the entire capital stack and not just one KPI in isolation. Those who have followed this company long enough already understand this. The BTC yield quarter to date is 9.7%. Year to date it sits at 12.8%, tracking toward the 22.8% projection by year end. Not a single quarter has produced a negative Bitcoin per share result. So when you look at yesterday’s transaction in isolation, it tells you very little about the direction this company is actually heading. What it does tell you is that management is doing exactly what it should be doing. Balancing the interests of the credit instruments, the common shareholders, and the long term scaling of $STRC, which remains the most important lever for the company’s future growth. An occasional dilutive transaction in service of all of that is not something long term shareholders should lose sleep over. The speculation that surrounds moves like this is a net positive too. Every week that Strategy dominates the conversation, more eyes land on the thesis. More skeptics read the dashboards and find themselves having to reckon with what is actually being built here. “Attention is the rarest and purest form of generosity.” - Simone Weil In this space, it is also the most powerful form of validation. $BTC $MSTR $STRC
2:20

$MSTR “Occasionally we will take a slight dilution in Bitcoin per share to improve the credit worthiness of the company.” In the past two days, the combined impressions across Saylor’s signal, Phong’s follow up, and Monday’s announcement crossed 17.5 MILLION! Love it or hate it, the attention Strategy commands is second to none. Post the announcement, skeptics were quick to point out that the acquisition, combined with the replenishment of the USD reserve, was slightly dilutive to Bitcoin per share. Michael Saylor came out today addressing that directly, reminding the market to look at the entire capital stack and not just one KPI in isolation. Those who have followed this company long enough already understand this. The BTC yield quarter to date is 9.7%. Year to date it sits at 12.8%, tracking toward the 22.8% projection by year end. Not a single quarter has produced a negative Bitcoin per share result. So when you look at yesterday’s transaction in isolation, it tells you very little about the direction this company is actually heading. What it does tell you is that management is doing exactly what it should be doing. Balancing the interests of the credit instruments, the common shareholders, and the long term scaling of $STRC, which remains the most important lever for the company’s future growth. An occasional dilutive transaction in service of all of that is not something long term shareholders should lose sleep over. The speculation that surrounds moves like this is a net positive too. Every week that Strategy dominates the conversation, more eyes land on the thesis. More skeptics read the dashboards and find themselves having to reckon with what is actually being built here. “Attention is the rarest and purest form of generosity.” - Simone Weil In this space, it is also the most powerful form of validation. $BTC $MSTR $STRC

Zaid 🟧

47,335 views • 2 months ago

🚨 THIS IS MY FINAL PREDICTION $BTC will bottom between $45,000 and $60,000 But there's only one way to confirm it: It's called tracking sentiment When the crowd screams that it's so over and investors race each other to sell That's the signal I've been waiting for so eagerly That's exact moment market clears itself of retail No analysis will ever predict the bottom or the top for you. Never. But sentiment can. Now let's remember what the crowd was made to believe this cycle. Whose actions will decide whether BTC rises or falls this week? Who is this all-powerful man? I'll tell you - Michael Saylor. Saylor is the purest face of the retail investor crypto has ever produced. One man who unites the dumbest money on the market Now ask yourself: what does retail do, every single time? They lose money. The same thing is coming for this trade $4.4 BILLION has fled Bitcoin ETFs in 13 straight days The money is already running for the door The lower the price drops, the less capital Strategy can raise And at some point, Saylor gets FORCED to sell $BTC just to keep his company alive. That is the moment that marks the bottom. Not a chart. Not a magic level. A forced seller capitulating. Translation: when the loudest bull on Earth is dumping, retail is finally dead and that's exactly when I buy. Like it or not, I've called the exact market tops and bottoms for 11 years. I know how the big players think. I know how they bleed the crowd dry. When it happens, I'll deploy my entire stack. And I'll call it publicly, as I always did, so you're ready. Not following me will be your #1 mistake of 2026 Soon you'll understand why.
0:39

🚨 THIS IS MY FINAL PREDICTION $BTC will bottom between $45,000 and $60,000 But there's only one way to confirm it: It's called tracking sentiment When the crowd screams that it's so over and investors race each other to sell That's the signal I've been waiting for so eagerly That's exact moment market clears itself of retail No analysis will ever predict the bottom or the top for you. Never. But sentiment can. Now let's remember what the crowd was made to believe this cycle. Whose actions will decide whether BTC rises or falls this week? Who is this all-powerful man? I'll tell you - Michael Saylor. Saylor is the purest face of the retail investor crypto has ever produced. One man who unites the dumbest money on the market Now ask yourself: what does retail do, every single time? They lose money. The same thing is coming for this trade $4.4 BILLION has fled Bitcoin ETFs in 13 straight days The money is already running for the door The lower the price drops, the less capital Strategy can raise And at some point, Saylor gets FORCED to sell $BTC just to keep his company alive. That is the moment that marks the bottom. Not a chart. Not a magic level. A forced seller capitulating. Translation: when the loudest bull on Earth is dumping, retail is finally dead and that's exactly when I buy. Like it or not, I've called the exact market tops and bottoms for 11 years. I know how the big players think. I know how they bleed the crowd dry. When it happens, I'll deploy my entire stack. And I'll call it publicly, as I always did, so you're ready. Not following me will be your #1 mistake of 2026 Soon you'll understand why.

Reflection🪩

418,800 views • 2 months ago

🚨 WARNING: $SPX IS NOW THE EXIT LIQUIDITY Three of the largest IPOs in history One five-month window More than $135 BILLION in new stock about to be sold into market Every dollar that buys it has to come from somewhere It comes from your portfolio Here's what's happening June 12: SpaceX went public. $1.75 TRILLION valuation. A $75 billion raise - the largest IPO ever Q4: OpenAI lists near a $1 trillion valuation October: Anthropic. ~$965 billion. Raising $60 billion+. This isn't three IPOs It's a coordinated liquidity drain Here's mechanism Wall Street doesn't conjure new cash to fund IPOs Funds sell what they already hold to buy the new name Translation: three of the biggest stores in history all open on same street, same season and everyone has to empty their wallet to shop So what gets sold first? Thing every fund is overweight: $SPX We've seen this movie before 2021: record IPO and SPAC supply. Peak euphoria 2022: worst year for stocks since 2008 And there's more $SPX just printed an all-time high at 7,620 Up 10% on year. Everyone all-in. Nobody hedged That's not strength. That's setup So connect dots Record highs. Record euphoria. Record new supply - all at once My target: $SPX to 4,100 A 46% collapse from top Right back to where this entire AI melt-up began You're early or you're exit. There's no third option Important: Over past few days I nailed big $SPX sell-offs, $BTC ATH in 2025 and market dump from $126k → $60k Missed those calls? - don't sweat it! Turn on notifs - next market calls are already cooking...
0:29

🚨 WARNING: $SPX IS NOW THE EXIT LIQUIDITY Three of the largest IPOs in history One five-month window More than $135 BILLION in new stock about to be sold into market Every dollar that buys it has to come from somewhere It comes from your portfolio Here's what's happening June 12: SpaceX went public. $1.75 TRILLION valuation. A $75 billion raise - the largest IPO ever Q4: OpenAI lists near a $1 trillion valuation October: Anthropic. ~$965 billion. Raising $60 billion+. This isn't three IPOs It's a coordinated liquidity drain Here's mechanism Wall Street doesn't conjure new cash to fund IPOs Funds sell what they already hold to buy the new name Translation: three of the biggest stores in history all open on same street, same season and everyone has to empty their wallet to shop So what gets sold first? Thing every fund is overweight: $SPX We've seen this movie before 2021: record IPO and SPAC supply. Peak euphoria 2022: worst year for stocks since 2008 And there's more $SPX just printed an all-time high at 7,620 Up 10% on year. Everyone all-in. Nobody hedged That's not strength. That's setup So connect dots Record highs. Record euphoria. Record new supply - all at once My target: $SPX to 4,100 A 46% collapse from top Right back to where this entire AI melt-up began You're early or you're exit. There's no third option Important: Over past few days I nailed big $SPX sell-offs, $BTC ATH in 2025 and market dump from $126k → $60k Missed those calls? - don't sweat it! Turn on notifs - next market calls are already cooking...

Aralez 🐕

97,358 views • 1 month ago

E172: Michael Saylor: Why Hard Work Won't Make You Rich Michael Saylor is the chairman of Strategy - the world's largest corporate holder of Bitcoin with over 840,000 BTC and $65+ billion deployed. He bought his first Bitcoin in 2020 when the Fed cut rates to zero hasn't stopped since. With WSH, I always want to go much deeper than the current narrative and that’s exactly what we did here. We gradually moved past the surface and into the things that really shaped Michael. We talked about his childhood, growing up in a military family, buying domain names in the 1990s and flipping them for tens of millions, losing $6 billion of his net worth in a single day during the dot-com bubble, his great Apple bet in 2012, why working hard won't make you rich, why you should mortgage your house but probably not sell your kidney to buy BTC, why "THERE IS NO SECOND BEST", and a lot more. The conversation lasted more than two hours, much longer than originally planned, and it was just amazing. I hope you enjoy it as much as I did. Timestamps: 00:00 - Intro 03:05 - Explain what you do to an Uber driver 05:35 - Advice for Rick, the struggling Uber driver 07:07 - Who is Michael Saylor? 11:02 - Sponsors Trezor & Bitwise 11:48 - Kevin's Business Intelligence Company 13:14 - Michael's childhood and chip on the shoulder 17:56 - Has Michael conquered the world yet? 19:49 - Just because you can, doesn't mean you should 28:23 - Sponsors KAST & Sumsub 30:02 - Low time preference and scarcity 43:50 - Buying and flipping domain names for tens of millions 55:11 - Bitcoin is a lifeboat 1:01:31 - Should you mortage your house to buy Bitcoin? 1:09:50 - The great $60B in Bitcoin bet: risks 1:15:32 - Sponsors Jupiter , Ethena 1:16:16 - Sell the kidney if you must but keep the Bitcoin 1:20:14 - What's the endgame for Strategy? 1:28:16 - Where does Bitcoin price end? 1:29:36 - Where would Bitcoin price be without Michael Saylor? 1:31:06 - What is STRC? 1:35:34 - Should my mom put her life savings in STRC? 1:37:12 - How do you always invent new ways to buy more Bitcoin? 1:49:19 - From God to Madman every 6 months: handling insane volatility 1:51:49 - How Michael lost $6 Billion of his net worth in one single day in 2000 and then watched MSTR go down another 99% 1:59:09 - Why Michael doesn't have children 1:59:44 - Why working hard is the worst advice you can get 2:07:37 - Why THERE IS NO SECOND BEST, there is only one crypto asset 2:15:03 - Thanking Michael from the whole crypto industry
2:16:06

E172: Michael Saylor: Why Hard Work Won't Make You Rich Michael Saylor is the chairman of Strategy - the world's largest corporate holder of Bitcoin with over 840,000 BTC and $65+ billion deployed. He bought his first Bitcoin in 2020 when the Fed cut rates to zero hasn't stopped since. With WSH, I always want to go much deeper than the current narrative and that’s exactly what we did here. We gradually moved past the surface and into the things that really shaped Michael. We talked about his childhood, growing up in a military family, buying domain names in the 1990s and flipping them for tens of millions, losing $6 billion of his net worth in a single day during the dot-com bubble, his great Apple bet in 2012, why working hard won't make you rich, why you should mortgage your house but probably not sell your kidney to buy BTC, why "THERE IS NO SECOND BEST", and a lot more. The conversation lasted more than two hours, much longer than originally planned, and it was just amazing. I hope you enjoy it as much as I did. Timestamps: 00:00 - Intro 03:05 - Explain what you do to an Uber driver 05:35 - Advice for Rick, the struggling Uber driver 07:07 - Who is Michael Saylor? 11:02 - Sponsors Trezor & Bitwise 11:48 - Kevin's Business Intelligence Company 13:14 - Michael's childhood and chip on the shoulder 17:56 - Has Michael conquered the world yet? 19:49 - Just because you can, doesn't mean you should 28:23 - Sponsors KAST & Sumsub 30:02 - Low time preference and scarcity 43:50 - Buying and flipping domain names for tens of millions 55:11 - Bitcoin is a lifeboat 1:01:31 - Should you mortage your house to buy Bitcoin? 1:09:50 - The great $60B in Bitcoin bet: risks 1:15:32 - Sponsors Jupiter , Ethena 1:16:16 - Sell the kidney if you must but keep the Bitcoin 1:20:14 - What's the endgame for Strategy? 1:28:16 - Where does Bitcoin price end? 1:29:36 - Where would Bitcoin price be without Michael Saylor? 1:31:06 - What is STRC? 1:35:34 - Should my mom put her life savings in STRC? 1:37:12 - How do you always invent new ways to buy more Bitcoin? 1:49:19 - From God to Madman every 6 months: handling insane volatility 1:51:49 - How Michael lost $6 Billion of his net worth in one single day in 2000 and then watched MSTR go down another 99% 1:59:09 - Why Michael doesn't have children 1:59:44 - Why working hard is the worst advice you can get 2:07:37 - Why THERE IS NO SECOND BEST, there is only one crypto asset 2:15:03 - Thanking Michael from the whole crypto industry

MR SHIFT 🦁

1,499,541 views • 2 months ago

Everyone thinks altseason is dead But the data is SCREAMING the opposite Back in September 2025, I told you to sell your alts All indicators were screaming altseason was cancelled Nobody believed me. 215 days later - here we are. Every target hit. Now, while everyone's still mourning altseason, something massive is loading. I'm telling you this while alts are still cheap: ➮ $ETH - cheap ➮ $SOL - cheap ➮ $BNB - cheap And here's exactly what's going to happen: You'll do nothing now. You'll ignore this post. Then alts will pump 40-60% and THAT'S when you'll start buying. Like clockwork. This is NOT random! The manipulators have been running the same playbook since 2017. Year after year. Cycle after cycle. Flawless. The worst part? You don't even realize you've been feeding this machine all these years. Let me break the pattern down for you: Stage 1: FEAR They convince you that: ➮ $BTC is dead ➮ Alts are dead ➮ Crypto is dead You either sell in panic, or do nothing Either way - you LOSE. Here's the secret: that's exactly where alts are right now. Stage 2: BOOM The market starts pumping. But you're still on the sidelines. "It's just another fake rally." "Give it time, we'll go lower." The pump keeps going. And you start to doubt yourself. That's the moment the system hooks you. Stage 3: BULLISH NEWS Now your greed meter sits at 80-90%. That's exactly when the bullish news machine kicks in: ➮ "Bitcoin ETFs just absorbed 9x more BTC than miners produced in a single week." ➮ "White House signs new executive order to fast-track crypto adoption." ➮ "ETH just shipped its biggest scaling upgrade since The Merge." You rush in to buy. But it's too late. The manipulator already started cashing out - ON YOU! I've been watching this pattern for years It works the same way every single time Only the ones who read it walk away with the money That's why I built a system that profits on every single stage of it. I could hand you the exact framework I use But most of you aren't ready to learn So prove me wrong 1,000 likes + 300 RTs and I'm dropping it Follow me with NOTIFS ON so you don't miss it.
0:30

Everyone thinks altseason is dead But the data is SCREAMING the opposite Back in September 2025, I told you to sell your alts All indicators were screaming altseason was cancelled Nobody believed me. 215 days later - here we are. Every target hit. Now, while everyone's still mourning altseason, something massive is loading. I'm telling you this while alts are still cheap: ➮ $ETH - cheap ➮ $SOL - cheap ➮ $BNB - cheap And here's exactly what's going to happen: You'll do nothing now. You'll ignore this post. Then alts will pump 40-60% and THAT'S when you'll start buying. Like clockwork. This is NOT random! The manipulators have been running the same playbook since 2017. Year after year. Cycle after cycle. Flawless. The worst part? You don't even realize you've been feeding this machine all these years. Let me break the pattern down for you: Stage 1: FEAR They convince you that: ➮ $BTC is dead ➮ Alts are dead ➮ Crypto is dead You either sell in panic, or do nothing Either way - you LOSE. Here's the secret: that's exactly where alts are right now. Stage 2: BOOM The market starts pumping. But you're still on the sidelines. "It's just another fake rally." "Give it time, we'll go lower." The pump keeps going. And you start to doubt yourself. That's the moment the system hooks you. Stage 3: BULLISH NEWS Now your greed meter sits at 80-90%. That's exactly when the bullish news machine kicks in: ➮ "Bitcoin ETFs just absorbed 9x more BTC than miners produced in a single week." ➮ "White House signs new executive order to fast-track crypto adoption." ➮ "ETH just shipped its biggest scaling upgrade since The Merge." You rush in to buy. But it's too late. The manipulator already started cashing out - ON YOU! I've been watching this pattern for years It works the same way every single time Only the ones who read it walk away with the money That's why I built a system that profits on every single stage of it. I could hand you the exact framework I use But most of you aren't ready to learn So prove me wrong 1,000 likes + 300 RTs and I'm dropping it Follow me with NOTIFS ON so you don't miss it.

Reflection🪩

178,366 views • 2 months ago

South Korea's stock market crash just exposed the one thing that could kill the entire AI revolution. $270 billion wiped out in a single session. Samsung down 12%. SK Hynix down 10%. The KOSDAQ dropped 14%. It's their worst crash in 46 YEARS. Worse than 9/11. This was the hottest market on the planet. Up 75% in the past year. All-time highs above 6,300 just days before. Then it collapsed. Everyone blamed the Iran war. Oil prices. Geopolitics. But they're missing the real thing: South Korea makes 70% of the world's DRAM chips. 80% of the high-bandwidth memory that powers every single AI data center on Earth. Every Nvidia Blackwell chip. Every Google TPU. Every hyperscaler expansion. All of it runs on memory manufactured in ONE country. And that country imports 97% of its energy through the Strait of Hormuz. The same strait that Iran just shut down. Ship traffic went from 138 vessels per day to 2. Zero tankers. Maersk, Hapag-Lloyd, CMA CGM all suspended operations. Insurance companies pulled war risk coverage entirely. And this isn't "temporary". Trump says the war could last 4-5 weeks. Iran says any ship that enters gets attacked. Here's what you need to understand about the consequences: Global DRAM inventory sits at 2-3 weeks. NAND at 3-4 weeks. There is no buffer. If the Hormuz disruption lasts beyond a month, Korean fabs start running low on the energy needed to operate. Production cuts become unavoidable. The entire AI buildout timeline slips in ways nobody has modeled. OpenAI just raised $110 BILLION. Amazon committed $50 billion. Nvidia and SoftBank put in $30 billion each. All of that money is earmarked for data centers that need memory chips from factories that can't run without Middle Eastern oil. $195 billion in AI funding was deployed in February alone. The most consequential month in venture finance history. And all of it depends on Korean semiconductor fabs keeping their lights on. The memory supercycle was projected to exceed $440 billion in 2026. That projection assumed uninterrupted energy supply to the factories making the chips. Nobody stress-tested what happens when you cut the power. Retail investors in Korea were buying Samsung and SK Hynix on margin. Borrowed money at record levels. When the crash hit, margin calls triggered forced liquidation. The selling fed on itself. Foreign investors dumped $3 billion in a single session. Brent crude is above $90. Gas prices in the US jumped 14% in one week. Diesel doubled in Europe. Jet fuel tripled in Asia. And the AI companies burning through billions per quarter on compute infrastructure? Their energy costs just EXPLODED. Everyone's debating whether AI is a bubble based on software. Whether the models work. Whether the valuations make sense. But nobody's asking the harder question: What happens when the entire hardware supply chain runs through a 21-mile-wide strip of ocean currently controlled by a country at war with the United States? The biggest risk to the AI revolution isn't bad models or overhyped startups... It's that a $440 billion industry depends on chips made in factories that go dark if one strait stays closed for 30 more days.
0:53

South Korea's stock market crash just exposed the one thing that could kill the entire AI revolution. $270 billion wiped out in a single session. Samsung down 12%. SK Hynix down 10%. The KOSDAQ dropped 14%. It's their worst crash in 46 YEARS. Worse than 9/11. This was the hottest market on the planet. Up 75% in the past year. All-time highs above 6,300 just days before. Then it collapsed. Everyone blamed the Iran war. Oil prices. Geopolitics. But they're missing the real thing: South Korea makes 70% of the world's DRAM chips. 80% of the high-bandwidth memory that powers every single AI data center on Earth. Every Nvidia Blackwell chip. Every Google TPU. Every hyperscaler expansion. All of it runs on memory manufactured in ONE country. And that country imports 97% of its energy through the Strait of Hormuz. The same strait that Iran just shut down. Ship traffic went from 138 vessels per day to 2. Zero tankers. Maersk, Hapag-Lloyd, CMA CGM all suspended operations. Insurance companies pulled war risk coverage entirely. And this isn't "temporary". Trump says the war could last 4-5 weeks. Iran says any ship that enters gets attacked. Here's what you need to understand about the consequences: Global DRAM inventory sits at 2-3 weeks. NAND at 3-4 weeks. There is no buffer. If the Hormuz disruption lasts beyond a month, Korean fabs start running low on the energy needed to operate. Production cuts become unavoidable. The entire AI buildout timeline slips in ways nobody has modeled. OpenAI just raised $110 BILLION. Amazon committed $50 billion. Nvidia and SoftBank put in $30 billion each. All of that money is earmarked for data centers that need memory chips from factories that can't run without Middle Eastern oil. $195 billion in AI funding was deployed in February alone. The most consequential month in venture finance history. And all of it depends on Korean semiconductor fabs keeping their lights on. The memory supercycle was projected to exceed $440 billion in 2026. That projection assumed uninterrupted energy supply to the factories making the chips. Nobody stress-tested what happens when you cut the power. Retail investors in Korea were buying Samsung and SK Hynix on margin. Borrowed money at record levels. When the crash hit, margin calls triggered forced liquidation. The selling fed on itself. Foreign investors dumped $3 billion in a single session. Brent crude is above $90. Gas prices in the US jumped 14% in one week. Diesel doubled in Europe. Jet fuel tripled in Asia. And the AI companies burning through billions per quarter on compute infrastructure? Their energy costs just EXPLODED. Everyone's debating whether AI is a bubble based on software. Whether the models work. Whether the valuations make sense. But nobody's asking the harder question: What happens when the entire hardware supply chain runs through a 21-mile-wide strip of ocean currently controlled by a country at war with the United States? The biggest risk to the AI revolution isn't bad models or overhyped startups... It's that a $440 billion industry depends on chips made in factories that go dark if one strait stays closed for 30 more days.

Ricardo

350,628 views • 5 months ago

The largest IPO in history is also shaping up to be the largest exit liquidity operation in history SpaceX went public at more than 90x revenue, and the insiders who bought in at a fraction of today's price are about to start selling their shares to you. Let me walk you through why this IPO is built to separate retail investors from their money: SpaceX has NEVER turned a profit and lost close to $5 billion last year. At the offering you were paying more than 90x revenue and at the peak the market briefly valued it near 140x. 30 years ago the head of Sun Microsystems explained in detail why paying even 10x revenue almost always ends in tears, and he was right. But listen closely, because the valuation is not even the real story. The scarcity is what CREATED this valuation in the first place, and the calendar that kills the scarcity is what kills the price. Less than 5% of SpaceX shares were actually available to trade at the IPO. Then the index committees REWROTE their own rules to fast track the stock into the Nasdaq 100 just 15 trading days after listing, which forced every passive fund and index ETF in the country to buy at the exact moment the float was at its tightest. The Nasdaq inclusion alone forced an estimated $4.3 billion of buying, and the Russell reweighting added roughly $3 billion more. The supply was minuscule and the buying was mandatory. That's a manufactured squeeze, and it is why the stock went above $225 in its first week. Now watch what happens next, because this is the part they ain't explaining to you: The lockup was staggered on purpose, and the entire schedule is sitting in the prospectus for anyone who bothers to read it. In early August, right after Q2 earnings, 20% of the locked shares come free. Another 10% unlocks early if the stock trades 30% above the $135 IPO price going into the report. Then tranches of 7% hit the market at 70, 90, 105, 120 and 135 days after the IPO, which means fresh insider supply lands roughly every 2 to 3 weeks from late August through late October. Q3 earnings triggers the single biggest release of all, another 28%, roughly 1.3 billion shares. On December 8 the 180 day lockup expires entirely. And on June 12, 2027 comes the final wave, when Musk's own 6.4 billion shares, 42% of the whole company, become sellable for the first time. Add it all up and insiders could be free to sell as much as 44% of the company by early September, which would balloon the tradable float by roughly 900%. All of that supply lands on a stock the company deliberately packed with retail, because SpaceX reserved close to 30% of the offering for individual investors vs the usual 10%. This deal created over 4,400 paper millionaires inside the company. You think none of them are looking to cash out? Early holders are already loading up on puts to lock in what they have. First they keep the float tiny. Then they let the index rules force the world to buy at the top. Then they release a flood of insider stock into a crowd of retail buyers who were handed the shares up high. When the price finally breaks the offering level, the people who got in years ago at pennies on today's dollar will hit the bid, and the exit liquidity is your retirement account. And what are you actually left holding? Strip away the science fiction and the only business inside SpaceX that reliably earns money is Starlink, which produced $1.2 billion of operating income last quarter. A wonderful business worth hundreds of billions on its best day. NOT $2 trillion. Serious fair value work lands around $30 a share. Nobody has been a bigger bear on this deal than me. I called it out the moment it started trading, and it is already playing out on schedule as the shares have given back the entire squeeze and slipped below their opening print. I was Peter Lynch's auto analyst back in 1981 and I have watched every disaster since, and I am telling you this is one of the great wealth transfers of my lifetime packed into a fancy narrative. Tesla was the biggest misallocation of capital in the history of stock markets. SpaceX may have just surpassed it. SPCX goes straight onto my short list, and the beauty of this setup is that the catalyst is not a guess or something, it is literally a PUBLISHED CALENDAR. This is the most grossly overpriced stock at scale that I have ever seen.
2:11

The largest IPO in history is also shaping up to be the largest exit liquidity operation in history SpaceX went public at more than 90x revenue, and the insiders who bought in at a fraction of today's price are about to start selling their shares to you. Let me walk you through why this IPO is built to separate retail investors from their money: SpaceX has NEVER turned a profit and lost close to $5 billion last year. At the offering you were paying more than 90x revenue and at the peak the market briefly valued it near 140x. 30 years ago the head of Sun Microsystems explained in detail why paying even 10x revenue almost always ends in tears, and he was right. But listen closely, because the valuation is not even the real story. The scarcity is what CREATED this valuation in the first place, and the calendar that kills the scarcity is what kills the price. Less than 5% of SpaceX shares were actually available to trade at the IPO. Then the index committees REWROTE their own rules to fast track the stock into the Nasdaq 100 just 15 trading days after listing, which forced every passive fund and index ETF in the country to buy at the exact moment the float was at its tightest. The Nasdaq inclusion alone forced an estimated $4.3 billion of buying, and the Russell reweighting added roughly $3 billion more. The supply was minuscule and the buying was mandatory. That's a manufactured squeeze, and it is why the stock went above $225 in its first week. Now watch what happens next, because this is the part they ain't explaining to you: The lockup was staggered on purpose, and the entire schedule is sitting in the prospectus for anyone who bothers to read it. In early August, right after Q2 earnings, 20% of the locked shares come free. Another 10% unlocks early if the stock trades 30% above the $135 IPO price going into the report. Then tranches of 7% hit the market at 70, 90, 105, 120 and 135 days after the IPO, which means fresh insider supply lands roughly every 2 to 3 weeks from late August through late October. Q3 earnings triggers the single biggest release of all, another 28%, roughly 1.3 billion shares. On December 8 the 180 day lockup expires entirely. And on June 12, 2027 comes the final wave, when Musk's own 6.4 billion shares, 42% of the whole company, become sellable for the first time. Add it all up and insiders could be free to sell as much as 44% of the company by early September, which would balloon the tradable float by roughly 900%. All of that supply lands on a stock the company deliberately packed with retail, because SpaceX reserved close to 30% of the offering for individual investors vs the usual 10%. This deal created over 4,400 paper millionaires inside the company. You think none of them are looking to cash out? Early holders are already loading up on puts to lock in what they have. First they keep the float tiny. Then they let the index rules force the world to buy at the top. Then they release a flood of insider stock into a crowd of retail buyers who were handed the shares up high. When the price finally breaks the offering level, the people who got in years ago at pennies on today's dollar will hit the bid, and the exit liquidity is your retirement account. And what are you actually left holding? Strip away the science fiction and the only business inside SpaceX that reliably earns money is Starlink, which produced $1.2 billion of operating income last quarter. A wonderful business worth hundreds of billions on its best day. NOT $2 trillion. Serious fair value work lands around $30 a share. Nobody has been a bigger bear on this deal than me. I called it out the moment it started trading, and it is already playing out on schedule as the shares have given back the entire squeeze and slipped below their opening print. I was Peter Lynch's auto analyst back in 1981 and I have watched every disaster since, and I am telling you this is one of the great wealth transfers of my lifetime packed into a fancy narrative. Tesla was the biggest misallocation of capital in the history of stock markets. SpaceX may have just surpassed it. SPCX goes straight onto my short list, and the beauty of this setup is that the catalyst is not a guess or something, it is literally a PUBLISHED CALENDAR. This is the most grossly overpriced stock at scale that I have ever seen.

George Noble

348,852 views • 1 month ago

BREAKING: $2.5 trillion just got wiped from global markets in 24 hours. Bitcoin crashed below $60,000. The Nasdaq dropped 4% in a single session. And every retail trader's feed is full of people posting their losses in real time... Bitcoin fell from $78,000 to $59,300 in 5 days. A 24% drop in under a week. $1.5 billion in leveraged crypto positions got liquidated in 24 hours. Long positions made up $1.28 billion of that. The fourth time in 5 days that daily liquidations crossed $1 billion. US spot Bitcoin ETFs have now posted 11 consecutive days of outflows. $3.5 billion pulled out by institutions in less than two weeks. Then the equity side cracked. Broadcom dropped 13%. Micron dropped 9.5%. SanDisk dropped 11%. Western Digital dropped 8.5%. Roughly $1 trillion in market cap erased from semiconductors alone. Strategy, the largest corporate Bitcoin holder on earth, dropped 10% after disclosing its first Bitcoin sale in years. 32 coins. $2.5 million. A rounding error against their $59 billion stack. It didn't matter. When the maximalist sells one coin, everybody else hears permission to dump everything. Now here's what actually triggered all of this. The May jobs report came in too strong. 172,000 new jobs against an 85,000 estimate. Prior months revised up by another 93,000. That single data point killed the rate cut narrative. If the economy is too strong, the Fed doesn't cut. If the Fed doesn't cut, risk assets get repriced. Crypto first. Tech stocks second. Everything else last. The entire rally of the past 12 months was built on one assumption. Rates are coming down. That assumption got vaporized in one report. And the market reacted exactly the way it always reacts: Panic. Right now Twitter is full of people posting their losses. "Down $40,000 this week." "Sold my entire crypto position." "Out of the market until things calm down." This is the exact moment retail always loses. Not because the market crashed. Because they're making decisions while watching the crash happen in real time. Every single one of these crashes follows the same pattern. October 2025: $19 billion in liquidations. The biggest wipeout in crypto history. Bitcoin made a new all-time high three weeks later. March 2026: S&P 500 dropped 7% on the Iran war. Retail panic sold at the bottom. The index recovered to a new all-time high in 18 days. February 2026: Bitcoin dropped 15% in one day. Two days later it had bounced 11%. Same script. Every time. The crash creates the opportunity. The panic transfers the assets. The people who sell at the bottom always fund the returns of the people who don't. Here's what's actually different this time: Crypto is no longer separate from equities. Bitcoin used to be the "uncorrelated asset." That story died this week. Bitcoin moved down with the Nasdaq. Down with semis. Down with tech. Down with everything. The diversification most retail investors thought they had? They never had it. They held the same trade in three different wrappers. A Nasdaq ETF. A Bitcoin position. A pile of tech stocks. All three crashed together because all three were the same bet on cheap money. This is the moment that exposes who has a system and who was just riding a narrative. The narrative investor sees their feed full of losses and panics. They sell at the bottom. They sit in cash through the recovery. They buy back in 6 months later when the headlines feel safe again. They have already locked in the worst possible outcome. The systematic investor sees the same feed and doesn't react. Because the system already decided what to do at every price level before today happened. Surmount was built for exactly this moment. Automated, rules-based strategies that execute when the market crashes, not when your emotions do. No panic selling. No FOMO buying. Just rules. Running. While everyone else is screenshotting their losses.
4:03

BREAKING: $2.5 trillion just got wiped from global markets in 24 hours. Bitcoin crashed below $60,000. The Nasdaq dropped 4% in a single session. And every retail trader's feed is full of people posting their losses in real time... Bitcoin fell from $78,000 to $59,300 in 5 days. A 24% drop in under a week. $1.5 billion in leveraged crypto positions got liquidated in 24 hours. Long positions made up $1.28 billion of that. The fourth time in 5 days that daily liquidations crossed $1 billion. US spot Bitcoin ETFs have now posted 11 consecutive days of outflows. $3.5 billion pulled out by institutions in less than two weeks. Then the equity side cracked. Broadcom dropped 13%. Micron dropped 9.5%. SanDisk dropped 11%. Western Digital dropped 8.5%. Roughly $1 trillion in market cap erased from semiconductors alone. Strategy, the largest corporate Bitcoin holder on earth, dropped 10% after disclosing its first Bitcoin sale in years. 32 coins. $2.5 million. A rounding error against their $59 billion stack. It didn't matter. When the maximalist sells one coin, everybody else hears permission to dump everything. Now here's what actually triggered all of this. The May jobs report came in too strong. 172,000 new jobs against an 85,000 estimate. Prior months revised up by another 93,000. That single data point killed the rate cut narrative. If the economy is too strong, the Fed doesn't cut. If the Fed doesn't cut, risk assets get repriced. Crypto first. Tech stocks second. Everything else last. The entire rally of the past 12 months was built on one assumption. Rates are coming down. That assumption got vaporized in one report. And the market reacted exactly the way it always reacts: Panic. Right now Twitter is full of people posting their losses. "Down $40,000 this week." "Sold my entire crypto position." "Out of the market until things calm down." This is the exact moment retail always loses. Not because the market crashed. Because they're making decisions while watching the crash happen in real time. Every single one of these crashes follows the same pattern. October 2025: $19 billion in liquidations. The biggest wipeout in crypto history. Bitcoin made a new all-time high three weeks later. March 2026: S&P 500 dropped 7% on the Iran war. Retail panic sold at the bottom. The index recovered to a new all-time high in 18 days. February 2026: Bitcoin dropped 15% in one day. Two days later it had bounced 11%. Same script. Every time. The crash creates the opportunity. The panic transfers the assets. The people who sell at the bottom always fund the returns of the people who don't. Here's what's actually different this time: Crypto is no longer separate from equities. Bitcoin used to be the "uncorrelated asset." That story died this week. Bitcoin moved down with the Nasdaq. Down with semis. Down with tech. Down with everything. The diversification most retail investors thought they had? They never had it. They held the same trade in three different wrappers. A Nasdaq ETF. A Bitcoin position. A pile of tech stocks. All three crashed together because all three were the same bet on cheap money. This is the moment that exposes who has a system and who was just riding a narrative. The narrative investor sees their feed full of losses and panics. They sell at the bottom. They sit in cash through the recovery. They buy back in 6 months later when the headlines feel safe again. They have already locked in the worst possible outcome. The systematic investor sees the same feed and doesn't react. Because the system already decided what to do at every price level before today happened. Surmount was built for exactly this moment. Automated, rules-based strategies that execute when the market crashes, not when your emotions do. No panic selling. No FOMO buying. Just rules. Running. While everyone else is screenshotting their losses.

Surmount

48,046 views • 2 months ago

Trump just got exposed for running the biggest insider trading operation in American history. Nancy Pelosi traded $5 million in stocks and Congress lost its mind. Trump literally executed $750 MILLION worth of stock trades in ONE quarter while being President. His ethics filing just dropped and the numbers are genuinely unprecedented in history: Between January and March 2026, Donald Trump personally executed 3,700 individual stock transactions worth between $220 million and $750 million. That's roughly 60 trades PER DAY. While signing executive orders, meeting foreign leaders, and making policy decisions that directly impact the companies he's buying and selling. Now here's where it gets really insane: On February 10, Trump bought between $1 million and $5 million worth of Dell stock. Three months later, on May 8, he stood at a Mother's Day event at the White House, thanked Michael Dell by name, and told Americans to "go out and buy a Dell." Dell stock surged 14.6% that day to an all-time high of $263.99. Since Trump's February purchase, Dell is up 96%. And 5 months BEFORE Trump bought Dell stock, Michael and Susan Dell donated $6.25 billion to Trump Accounts, one of the largest philanthropic commitments to a sitting president's signature program in modern history. So the timeline goes: Dell donates $6.25 billion to Trump's program -> Trump buys Dell stock ->Trump tells America to buy Dell from the White House podium -> Stock hits all-time high And that's just ONE stock... The same filing shows Trump bought Nvidia stock on February 10. One week later, Nvidia announced a massive chip deal with Meta. He bought more Nvidia stock one week BEFORE his own Commerce Department approved the sale of Nvidia chips to Saudi Arabia. He bought Intel stock starting in March 2026. The US government already owned a 9.9% stake in Intel worth over $41 billion. On April 30, Trump posted on Truth Social praising Intel, writing that "Intel Stock continues to rise." Intel jumped 3% in after-hours and is now up 140% year-to-date. He bought Palantir stock while his administration was actively handing them billion-dollar government contracts for immigration enforcement and defense. He bought Robinhood stock while his own Trump Accounts program uses Robinhood as the broker. He's currently sitting on over 100% profit on AMD, Intel, Bloom Energy, Marvell Technology, and at least 10 other positions. Every single president since Lyndon B. Johnson has used a blind trust to avoid exactly this situation. But Trump didn't. His assets sit in a trust controlled by his own children, and the filings show a broker acted as agent on several trades. The White House says the portfolio is "independently managed." But here's what independently managed looks like: Buy Dell stock. Three months later, publicly endorse Dell from the White House. Stock hits all-time high. Buy Nvidia stock. One week later, your own government approves their chip sales. Stock rips. Buy Intel stock. Post about Intel on Truth Social. Stock jumps. The government you run already owns a 10% stake. Buy Palantir. Hand them contracts. Buy Robinhood. Route a federal program through their platform. Nancy Pelosi got absolutely destroyed for her husband's stock trades. Her husband's total disclosed trades in his most controversial year were worth roughly $5 million. Trump just disclosed up to $750 MILLION in a single quarter. While making the actual policy decisions that move these stocks. This isn't a left or right issue. We're talking about the President of the United States averaging 60 stock trades per day in companies his own administration regulates, contracts with, and publicly endorses. What do you think?
1:11

Trump just got exposed for running the biggest insider trading operation in American history. Nancy Pelosi traded $5 million in stocks and Congress lost its mind. Trump literally executed $750 MILLION worth of stock trades in ONE quarter while being President. His ethics filing just dropped and the numbers are genuinely unprecedented in history: Between January and March 2026, Donald Trump personally executed 3,700 individual stock transactions worth between $220 million and $750 million. That's roughly 60 trades PER DAY. While signing executive orders, meeting foreign leaders, and making policy decisions that directly impact the companies he's buying and selling. Now here's where it gets really insane: On February 10, Trump bought between $1 million and $5 million worth of Dell stock. Three months later, on May 8, he stood at a Mother's Day event at the White House, thanked Michael Dell by name, and told Americans to "go out and buy a Dell." Dell stock surged 14.6% that day to an all-time high of $263.99. Since Trump's February purchase, Dell is up 96%. And 5 months BEFORE Trump bought Dell stock, Michael and Susan Dell donated $6.25 billion to Trump Accounts, one of the largest philanthropic commitments to a sitting president's signature program in modern history. So the timeline goes: Dell donates $6.25 billion to Trump's program -> Trump buys Dell stock ->Trump tells America to buy Dell from the White House podium -> Stock hits all-time high And that's just ONE stock... The same filing shows Trump bought Nvidia stock on February 10. One week later, Nvidia announced a massive chip deal with Meta. He bought more Nvidia stock one week BEFORE his own Commerce Department approved the sale of Nvidia chips to Saudi Arabia. He bought Intel stock starting in March 2026. The US government already owned a 9.9% stake in Intel worth over $41 billion. On April 30, Trump posted on Truth Social praising Intel, writing that "Intel Stock continues to rise." Intel jumped 3% in after-hours and is now up 140% year-to-date. He bought Palantir stock while his administration was actively handing them billion-dollar government contracts for immigration enforcement and defense. He bought Robinhood stock while his own Trump Accounts program uses Robinhood as the broker. He's currently sitting on over 100% profit on AMD, Intel, Bloom Energy, Marvell Technology, and at least 10 other positions. Every single president since Lyndon B. Johnson has used a blind trust to avoid exactly this situation. But Trump didn't. His assets sit in a trust controlled by his own children, and the filings show a broker acted as agent on several trades. The White House says the portfolio is "independently managed." But here's what independently managed looks like: Buy Dell stock. Three months later, publicly endorse Dell from the White House. Stock hits all-time high. Buy Nvidia stock. One week later, your own government approves their chip sales. Stock rips. Buy Intel stock. Post about Intel on Truth Social. Stock jumps. The government you run already owns a 10% stake. Buy Palantir. Hand them contracts. Buy Robinhood. Route a federal program through their platform. Nancy Pelosi got absolutely destroyed for her husband's stock trades. Her husband's total disclosed trades in his most controversial year were worth roughly $5 million. Trump just disclosed up to $750 MILLION in a single quarter. While making the actual policy decisions that move these stocks. This isn't a left or right issue. We're talking about the President of the United States averaging 60 stock trades per day in companies his own administration regulates, contracts with, and publicly endorses. What do you think?

Ricardo

2,097,276 views • 3 months ago

2025 reflected a year of coordinated execution. As products expanded and new markets came online, the underlying platform continued to strengthen in step. Here’s what we built in the past 365 days 👇 Launching New Products The Gemini Credit Card evolved with the release of the Bitcoin, Solana, XRP, and American Business versions of the card, allowing our US customers to earn rewards in crypto, and additional benefits for businesses.* We launched the Gemini Wallet, giving users a powerful self-custody wallet to have more control over their digital assets and manage their finances onchain. In the European Union (EU), Gemini launched Tokenized Stocks**, bringing the world’s leading equities onto the blockchain with zero trading fees. We added Gemini Perpetuals** in the EU, putting the power of crypto derivatives with up to 100x leverage in the hands of advanced traders, and have continued to expand the number of perpetual contracts available – opening up new trading opportunities in memecoins, DeFi, and beyond. In Europe, users gained the ability to stake*** their ETH and SOL, unlocking the potential to earn rewards of up to 6% APR**** on their holdings. In Singapore, we launched Index Perpetual Contracts and expanded the available cross collateral funding options. We also made funding faster for Singapore users by adding PayNow and FAST. We introduced USD rails to our UK institutional customers, giving them more flexibility in the ways they can trade. Institutional Leadership We strengthened our leadership in institutional custody, including custodying Empery Digital’s $500 million BTC placement and facilitated their bitcoin purchases and derivatives trades. We also introduced the ability to stake SOL from custody for our institutional partners. We worked with Glassnode to produce the Bitcoin Adoption, Volatility, and Market Cap report, showing that bitcoin treasuries now control nearly a third of Bitcoin’s total supply. Company Milestones & Regulation After an IPO on the Nasdaq stock exchange in September, Gemini became a publicly traded company. This year also marked a turning point for Gemini’s global ambitions. In October, Gemini launched in Australia and became AUSTRAC registered to bring industry-leading crypto tools to users down under. We also expanded further into the country by adding AUD banking rails for faster payments and deposits. We opened new offices around the world, including London, hosting an opening party with people from across the industry to celebrate. We also grew our customer service operations with a new office in Scottsdale, Arizona. In the EU, we obtained our Markets in Crypto Assets (MiCA) and Markets in Financial Instruments Directive II (MiFID II) licences, allowing us to bring our services to millions more across the region. Fostering a Global Community From DAS New York and Paris Blockchain Week, to TOKEN2049 in Singapore and the Australian Crypto Convention in Sydney, the Gemini team met local communities around the world. In March, we set a Guinness World Record for the largest aerial display of a currency symbol with a drone show at South by Southwest in Texas. In May, we teamed up with MARA Holdings to mine the Bitcoin “pizza block”, a tribute to the first real-world purchase using bitcoin. At BTC Vegas, we gave orange Tesla Cybertrucks to two lucky winners, while at BTC Amsterdam, we awarded a custom Bitcoin Apex Flare 4 Bike to a new customer. We left our mark on Amsterdam too, by biking around the city in the shape of a Bitcoin “₿” and decking out the city’s trams with our signature colors. The Gemini team also headed to Real Bedford football club to give out free pizza and merch to fans at the final match of the season, and celebrated the team’s promotion to Premier Division Central. Looking to the Future As we look to 2026, our focus has never been clearer. We plan to build on the successes of this year and continue offering secure and reliable access to digital assets, by pushing further with new product launches, deepened institutional ties, and an expanded presence in the EU and APAC. We’re proud of what we built and scaled in 2025 – and this was just the beginning. Onward and upward, Team Gemini Full recap here: * Gemini-branded credit products are issued by WebBank. ** Perpetuals and Tokenized Stocks are offered by Gemini Intergalactic EU Artemis, Ltd, which is authorised and regulated by the MFSA under the Investment Services Act to offer certain services under the Markets in Financial Instruments Directive (MiFID II) to institutions and traders. Perpetuals and tokenized stocks are complex instruments that carry a high risk of loss and are not appropriate for all investors. You should consult a licensed advisor before engaging in any transaction. Tokenized stocks are manufactured by Dinari, Inc. *** Staking services are offered by Gemini Intergalactic EU, Ltd., but are not regulated activities and are not subject to regulatory oversight, conduct of business rules, or investor protection requirements established under Markets in Crypto Assets Act. **** APRs are indicative only and may change at any time. All investments involve risk, including possible loss of capital. For more information, please refer to your User Agreement with the relevant Gemini entity.
0:50

2025 reflected a year of coordinated execution. As products expanded and new markets came online, the underlying platform continued to strengthen in step. Here’s what we built in the past 365 days 👇 Launching New Products The Gemini Credit Card evolved with the release of the Bitcoin, Solana, XRP, and American Business versions of the card, allowing our US customers to earn rewards in crypto, and additional benefits for businesses.* We launched the Gemini Wallet, giving users a powerful self-custody wallet to have more control over their digital assets and manage their finances onchain. In the European Union (EU), Gemini launched Tokenized Stocks**, bringing the world’s leading equities onto the blockchain with zero trading fees. We added Gemini Perpetuals** in the EU, putting the power of crypto derivatives with up to 100x leverage in the hands of advanced traders, and have continued to expand the number of perpetual contracts available – opening up new trading opportunities in memecoins, DeFi, and beyond. In Europe, users gained the ability to stake*** their ETH and SOL, unlocking the potential to earn rewards of up to 6% APR**** on their holdings. In Singapore, we launched Index Perpetual Contracts and expanded the available cross collateral funding options. We also made funding faster for Singapore users by adding PayNow and FAST. We introduced USD rails to our UK institutional customers, giving them more flexibility in the ways they can trade. Institutional Leadership We strengthened our leadership in institutional custody, including custodying Empery Digital’s $500 million BTC placement and facilitated their bitcoin purchases and derivatives trades. We also introduced the ability to stake SOL from custody for our institutional partners. We worked with Glassnode to produce the Bitcoin Adoption, Volatility, and Market Cap report, showing that bitcoin treasuries now control nearly a third of Bitcoin’s total supply. Company Milestones & Regulation After an IPO on the Nasdaq stock exchange in September, Gemini became a publicly traded company. This year also marked a turning point for Gemini’s global ambitions. In October, Gemini launched in Australia and became AUSTRAC registered to bring industry-leading crypto tools to users down under. We also expanded further into the country by adding AUD banking rails for faster payments and deposits. We opened new offices around the world, including London, hosting an opening party with people from across the industry to celebrate. We also grew our customer service operations with a new office in Scottsdale, Arizona. In the EU, we obtained our Markets in Crypto Assets (MiCA) and Markets in Financial Instruments Directive II (MiFID II) licences, allowing us to bring our services to millions more across the region. Fostering a Global Community From DAS New York and Paris Blockchain Week, to TOKEN2049 in Singapore and the Australian Crypto Convention in Sydney, the Gemini team met local communities around the world. In March, we set a Guinness World Record for the largest aerial display of a currency symbol with a drone show at South by Southwest in Texas. In May, we teamed up with MARA Holdings to mine the Bitcoin “pizza block”, a tribute to the first real-world purchase using bitcoin. At BTC Vegas, we gave orange Tesla Cybertrucks to two lucky winners, while at BTC Amsterdam, we awarded a custom Bitcoin Apex Flare 4 Bike to a new customer. We left our mark on Amsterdam too, by biking around the city in the shape of a Bitcoin “₿” and decking out the city’s trams with our signature colors. The Gemini team also headed to Real Bedford football club to give out free pizza and merch to fans at the final match of the season, and celebrated the team’s promotion to Premier Division Central. Looking to the Future As we look to 2026, our focus has never been clearer. We plan to build on the successes of this year and continue offering secure and reliable access to digital assets, by pushing further with new product launches, deepened institutional ties, and an expanded presence in the EU and APAC. We’re proud of what we built and scaled in 2025 – and this was just the beginning. Onward and upward, Team Gemini Full recap here: * Gemini-branded credit products are issued by WebBank. ** Perpetuals and Tokenized Stocks are offered by Gemini Intergalactic EU Artemis, Ltd, which is authorised and regulated by the MFSA under the Investment Services Act to offer certain services under the Markets in Financial Instruments Directive (MiFID II) to institutions and traders. Perpetuals and tokenized stocks are complex instruments that carry a high risk of loss and are not appropriate for all investors. You should consult a licensed advisor before engaging in any transaction. Tokenized stocks are manufactured by Dinari, Inc. *** Staking services are offered by Gemini Intergalactic EU, Ltd., but are not regulated activities and are not subject to regulatory oversight, conduct of business rules, or investor protection requirements established under Markets in Crypto Assets Act. **** APRs are indicative only and may change at any time. All investments involve risk, including possible loss of capital. For more information, please refer to your User Agreement with the relevant Gemini entity.

Gemini

45,129 views • 7 months ago

Trump got exposed for running the biggest insider trading operation in American history. Nancy Pelosi traded $5 million in stocks and Congress lost its mind. Trump literally executed $750 MILLION worth of stock trades in ONE quarter while being President. His ethics filing just dropped and the numbers are genuinely unprecedented in history: Between January and March 2026, Donald Trump personally executed 3,700 individual stock transactions worth between $220 million and $750 million. That's roughly 60 trades PER DAY. While signing executive orders, meeting foreign leaders, and making policy decisions that directly impact the companies he's buying and selling. Now here's where it gets really insane: On February 10, Trump bought between $1 million and $5 million worth of Dell stock. Three months later, on May 8, he stood at a Mother's Day event at the White House, thanked Michael Dell by name, and told Americans to "go out and buy a Dell." Dell stock surged 14.6% that day to an all-time high of $263.99. Since Trump's February purchase, Dell is up 96%. And 5 months BEFORE Trump bought Dell stock, Michael and Susan Dell donated $6.25 billion to Trump Accounts, one of the largest philanthropic commitments to a sitting president's signature program in modern history. So the timeline goes: Dell donates $6.25 billion to Trump's program -> Trump buys Dell stock ->Trump tells America to buy Dell from the White House podium -> Stock hits all-time high And that's just ONE stock... The same filing shows Trump bought Nvidia stock on February 10. One week later, Nvidia announced a massive chip deal with Meta. He bought more Nvidia stock one week BEFORE his own Commerce Department approved the sale of Nvidia chips to Saudi Arabia. He bought Intel stock starting in March 2026. The US government already owned a 9.9% stake in Intel worth over $41 billion. On April 30, Trump posted on Truth Social praising Intel, writing that "Intel Stock continues to rise." Intel jumped 3% in after-hours and is now up 140% year-to-date. He bought Palantir stock while his administration was actively handing them billion-dollar government contracts for immigration enforcement and defense. He bought Robinhood stock while his own Trump Accounts program uses Robinhood as the broker. He's currently sitting on over 100% profit on AMD, Intel, Bloom Energy, Marvell Technology, and at least 10 other positions. Every single president since Lyndon B. Johnson has used a blind trust to avoid exactly this situation. But Trump didn't. His assets sit in a trust controlled by his own children, and the filings show a broker acted as agent on several trades. The White House says the portfolio is "independently managed." But here's what independently managed looks like: Buy Dell stock. Three months later, publicly endorse Dell from the White House. Stock hits all-time high. Buy Nvidia stock. One week later, your own government approves their chip sales. Stock rips. Buy Intel stock. Post about Intel on Truth Social. Stock jumps. The government you run already owns a 10% stake. Buy Palantir. Hand them contracts. Buy Robinhood. Route a federal program through their platform. Nancy Pelosi got absolutely destroyed for her husband's stock trades. Her husband's total disclosed trades in his most controversial year were worth roughly $5 million. Trump just disclosed up to $750 MILLION in a single quarter. While making the actual policy decisions that move these stocks. This isn't a left or right issue. We're talking about the President of the United States averaging 60 stock trades per day in companies his own administration regulates, contracts with, and publicly endorses. What do you think?
1:11

Trump got exposed for running the biggest insider trading operation in American history. Nancy Pelosi traded $5 million in stocks and Congress lost its mind. Trump literally executed $750 MILLION worth of stock trades in ONE quarter while being President. His ethics filing just dropped and the numbers are genuinely unprecedented in history: Between January and March 2026, Donald Trump personally executed 3,700 individual stock transactions worth between $220 million and $750 million. That's roughly 60 trades PER DAY. While signing executive orders, meeting foreign leaders, and making policy decisions that directly impact the companies he's buying and selling. Now here's where it gets really insane: On February 10, Trump bought between $1 million and $5 million worth of Dell stock. Three months later, on May 8, he stood at a Mother's Day event at the White House, thanked Michael Dell by name, and told Americans to "go out and buy a Dell." Dell stock surged 14.6% that day to an all-time high of $263.99. Since Trump's February purchase, Dell is up 96%. And 5 months BEFORE Trump bought Dell stock, Michael and Susan Dell donated $6.25 billion to Trump Accounts, one of the largest philanthropic commitments to a sitting president's signature program in modern history. So the timeline goes: Dell donates $6.25 billion to Trump's program -> Trump buys Dell stock ->Trump tells America to buy Dell from the White House podium -> Stock hits all-time high And that's just ONE stock... The same filing shows Trump bought Nvidia stock on February 10. One week later, Nvidia announced a massive chip deal with Meta. He bought more Nvidia stock one week BEFORE his own Commerce Department approved the sale of Nvidia chips to Saudi Arabia. He bought Intel stock starting in March 2026. The US government already owned a 9.9% stake in Intel worth over $41 billion. On April 30, Trump posted on Truth Social praising Intel, writing that "Intel Stock continues to rise." Intel jumped 3% in after-hours and is now up 140% year-to-date. He bought Palantir stock while his administration was actively handing them billion-dollar government contracts for immigration enforcement and defense. He bought Robinhood stock while his own Trump Accounts program uses Robinhood as the broker. He's currently sitting on over 100% profit on AMD, Intel, Bloom Energy, Marvell Technology, and at least 10 other positions. Every single president since Lyndon B. Johnson has used a blind trust to avoid exactly this situation. But Trump didn't. His assets sit in a trust controlled by his own children, and the filings show a broker acted as agent on several trades. The White House says the portfolio is "independently managed." But here's what independently managed looks like: Buy Dell stock. Three months later, publicly endorse Dell from the White House. Stock hits all-time high. Buy Nvidia stock. One week later, your own government approves their chip sales. Stock rips. Buy Intel stock. Post about Intel on Truth Social. Stock jumps. The government you run already owns a 10% stake. Buy Palantir. Hand them contracts. Buy Robinhood. Route a federal program through their platform. Nancy Pelosi got absolutely destroyed for her husband's stock trades. Her husband's total disclosed trades in his most controversial year were worth roughly $5 million. Trump just disclosed up to $750 MILLION in a single quarter. While making the actual policy decisions that move these stocks. This isn't a left or right issue. We're talking about the President of the United States averaging 60 stock trades per day in companies his own administration regulates, contracts with, and publicly endorses. What do you think?

Teddy - PolyBackTest.com

21,594 views • 1 month ago

I can't believe that the once richest man on earth just bet his entire empire on ONE company. And he has 9 days to pull it off. SoftBank is scrambling to deliver $22.5 billion to OpenAI by December 31st. To get there, CEO Masayoshi Son sold his ENTIRE stake in the best-performing AI stock on the planet. Then sold billions more in other holdings. Cut staff. Froze dealmaking. Borrowed against everything he owns. This is the biggest all-in bet in the past few years. And it might be the most reckless financial engineering since 2008. Here's what's actually happening: SoftBank promised OpenAI $40 billion back in April when the company was valued at $300 billion. The deal had conditions. OpenAI had to convert to a for-profit structure by year-end. They did that in October. Now the clock is ticking. $22.5 billion must arrive in 9 days or the deal breaks. Son already delivered $17.5 billion earlier this year. Getting the rest is proving harder than anyone expected. The moves Son made to raise the cash are absolutely wild: He dumped SoftBank's entire $5.8 billion position in Nvidia. Not trimmed. Not reduced. LIQUIDATED. The same Nvidia that's been printing money for AI investors all year. He sold $4.8 billion worth of T-Mobile shares. Slashed staff across the company. And the Vision Fund that used to write checks for everything? Dead. Any deal over $50 million now requires Son's personal approval. Investment managers who used to hunt for the next big thing are now working full-time on the OpenAI transaction. But it still wasn't enough cash... So Son went to the debt markets. He expanded SoftBank's margin loan capacity by $6.5 billion, bringing total undrawn capacity to $11.5 billion. All of it backed by Arm Holdings stock. If Arm's stock drops, those loans get called. SoftBank faces margin calls. The whole thing unravels. And the risk gets crazier. OpenAI's valuation has tripled since April. Started at $300 billion. Now heading toward $900 billion according to sources. Amazon is reportedly joining the next round. On paper, SoftBank's investment looks brilliant. A 3X return in 8 months. But here's the thing: OpenAI is hemorrhaging cash at a rate that makes Uber's losses look responsible. The company generates $13 billion in annual revenue. Impressive... right? But they're literally projected to LOSE $74 billion by 2028. Not break even with losses. Not approach profitability. $74 billion in the red. Their revenue is growing. Their losses are growing faster. Because AI compute costs don't scale down. They scale UP. Every new ChatGPT user costs OpenAI money. Every API call burns cash. Every model training run requires millions in compute. Sam Altman told employees OpenAI is now in "code red" mode. Pausing all other product launches to focus entirely on beating Google's Gemini. That's the language of desperation. And Altman's long-term vision is even more expensive. He wants to build 30 gigawatts of AI compute capacity. Cost: $1.4 TRILLION. For context, that's larger than Mexico's entire GDP. He wants to add 1 gigawat every single week. Each gigawatt costs over $40 billion. The math doesn't work. The business model doesn't work. The capital requirements are impossible. But Son is betting everything anyway. Why would he do this? Because if it works, he owns the future. If OpenAI becomes the infrastructure layer for the next 20 years of computing, that $22.5 billion turns into trillions. SoftBank becomes the kingmaker of AI. Son becomes the most powerful investor in history. But if it fails? SoftBank vaporizes. The Nvidia stake is gone. Can't get it back. The T-Mobile shares are gone. The margin loans against Arm come due. Son has systematically dismantled his portfolio to concentrate everything into one bet. This is the opposite of diversification. This is the opposite of prudent risk management. This is a founder going all-in on a vision that everyone else thinks is insane. And he might be right. Other investors see it too. That's why OpenAI's valuation tripled in 8 months. BlackRock, Fidelity, and JP Morgan are all writing massive checks to private AI companies. Databricks just raised $4 billion at a $134 billion valuation. The entire market is betting that AI infrastructure will define the next decade. But the difference? They're diversifying. Spreading risk. Building portfolios. Son put everything on one company. The deadline is December 31st. In 9 days, we'll know if SoftBank pulled it off. If they deliver the $22.5 billion on time, the bet stays alive. If they miss the deadline, the deal could collapse. The terms could change. Competitors could swoop in. And Son will have sold the farm for nothing. This is either: The greatest venture bet in history. Or the most reckless financial move since Lehman Brothers. There's no middle ground. Masayoshi Son doesn't do middle ground. He bet big on Alibaba in 2000 and turned $20 million into $60 billion. He bet big on WeWork and lost $14 billion. Now he's betting bigger than ever. $22.5 billion. 9 days. Everything on the line. What would you do?
1:06

I can't believe that the once richest man on earth just bet his entire empire on ONE company. And he has 9 days to pull it off. SoftBank is scrambling to deliver $22.5 billion to OpenAI by December 31st. To get there, CEO Masayoshi Son sold his ENTIRE stake in the best-performing AI stock on the planet. Then sold billions more in other holdings. Cut staff. Froze dealmaking. Borrowed against everything he owns. This is the biggest all-in bet in the past few years. And it might be the most reckless financial engineering since 2008. Here's what's actually happening: SoftBank promised OpenAI $40 billion back in April when the company was valued at $300 billion. The deal had conditions. OpenAI had to convert to a for-profit structure by year-end. They did that in October. Now the clock is ticking. $22.5 billion must arrive in 9 days or the deal breaks. Son already delivered $17.5 billion earlier this year. Getting the rest is proving harder than anyone expected. The moves Son made to raise the cash are absolutely wild: He dumped SoftBank's entire $5.8 billion position in Nvidia. Not trimmed. Not reduced. LIQUIDATED. The same Nvidia that's been printing money for AI investors all year. He sold $4.8 billion worth of T-Mobile shares. Slashed staff across the company. And the Vision Fund that used to write checks for everything? Dead. Any deal over $50 million now requires Son's personal approval. Investment managers who used to hunt for the next big thing are now working full-time on the OpenAI transaction. But it still wasn't enough cash... So Son went to the debt markets. He expanded SoftBank's margin loan capacity by $6.5 billion, bringing total undrawn capacity to $11.5 billion. All of it backed by Arm Holdings stock. If Arm's stock drops, those loans get called. SoftBank faces margin calls. The whole thing unravels. And the risk gets crazier. OpenAI's valuation has tripled since April. Started at $300 billion. Now heading toward $900 billion according to sources. Amazon is reportedly joining the next round. On paper, SoftBank's investment looks brilliant. A 3X return in 8 months. But here's the thing: OpenAI is hemorrhaging cash at a rate that makes Uber's losses look responsible. The company generates $13 billion in annual revenue. Impressive... right? But they're literally projected to LOSE $74 billion by 2028. Not break even with losses. Not approach profitability. $74 billion in the red. Their revenue is growing. Their losses are growing faster. Because AI compute costs don't scale down. They scale UP. Every new ChatGPT user costs OpenAI money. Every API call burns cash. Every model training run requires millions in compute. Sam Altman told employees OpenAI is now in "code red" mode. Pausing all other product launches to focus entirely on beating Google's Gemini. That's the language of desperation. And Altman's long-term vision is even more expensive. He wants to build 30 gigawatts of AI compute capacity. Cost: $1.4 TRILLION. For context, that's larger than Mexico's entire GDP. He wants to add 1 gigawat every single week. Each gigawatt costs over $40 billion. The math doesn't work. The business model doesn't work. The capital requirements are impossible. But Son is betting everything anyway. Why would he do this? Because if it works, he owns the future. If OpenAI becomes the infrastructure layer for the next 20 years of computing, that $22.5 billion turns into trillions. SoftBank becomes the kingmaker of AI. Son becomes the most powerful investor in history. But if it fails? SoftBank vaporizes. The Nvidia stake is gone. Can't get it back. The T-Mobile shares are gone. The margin loans against Arm come due. Son has systematically dismantled his portfolio to concentrate everything into one bet. This is the opposite of diversification. This is the opposite of prudent risk management. This is a founder going all-in on a vision that everyone else thinks is insane. And he might be right. Other investors see it too. That's why OpenAI's valuation tripled in 8 months. BlackRock, Fidelity, and JP Morgan are all writing massive checks to private AI companies. Databricks just raised $4 billion at a $134 billion valuation. The entire market is betting that AI infrastructure will define the next decade. But the difference? They're diversifying. Spreading risk. Building portfolios. Son put everything on one company. The deadline is December 31st. In 9 days, we'll know if SoftBank pulled it off. If they deliver the $22.5 billion on time, the bet stays alive. If they miss the deadline, the deal could collapse. The terms could change. Competitors could swoop in. And Son will have sold the farm for nothing. This is either: The greatest venture bet in history. Or the most reckless financial move since Lehman Brothers. There's no middle ground. Masayoshi Son doesn't do middle ground. He bet big on Alibaba in 2000 and turned $20 million into $60 billion. He bet big on WeWork and lost $14 billion. Now he's betting bigger than ever. $22.5 billion. 9 days. Everything on the line. What would you do?

Ricardo

1,880,981 views • 7 months ago

BREAKING: Berkshire Hathaway just filed its first 13F after Warren Buffett stepped down as CEO. Wall Street spent a decade asking what happens to Berkshire when Buffett is gone. We just got the answer: On May 15, the first 13F of the Greg Abel era hit the SEC. Abel took over from Buffett on January 1, 2026. This filing covers his first full quarter in the chair. It is the most aggressive structural rebalance Berkshire has run in years. And almost nobody is reading it correctly. Here is what the filing actually shows: Berkshire trimmed its portfolio from 40 positions down to 26 in 90 days. 16 stocks fully exited. Amazon, gone. UnitedHealth, gone. Domino's Pizza, gone. Chevron cut by 35%, roughly $8 billion sold at peak energy prices. Visa, Mastercard, and Aon all sharply reduced. Then on the other side of the book: Alphabet position increased 224%. From about 18 million shares to nearly 58 million. The stake is now worth roughly $23 billion. One of Berkshire's seven largest equity holdings. A new $2.65 billion position in Delta Air Lines. Berkshire's first airline holding since they sold the entire sector in April 2020. Total stock sales for the quarter: $24 billion. Total stock purchases: $16 billion. Net selling: $8 billion. And the cash pile? $397.4 billion as of March 31. A new all-time record. Read those numbers again. This is not a passive handoff. This is a CEO clearing the decks and concentrating capital in a small number of high-conviction names while sitting on the biggest cash position in corporate history. Now here is the part the financial media is missing. Everyone is treating this like a referendum on Greg Abel's personality. "Is he as good as Buffett." "Will he be too cautious." "Does he have the killer instinct." Wrong question. The right question is why the system kept executing in exactly the way Buffett would have run it. Because that is what actually happened here. Concentrate in dominant businesses you understand. Check. Buy when valuations get attractive. Check. Alphabet was trading at a forward P/E in the teens when Abel was loading up. Sell when valuations get rich. Check. Chevron got cut at a peak. Visa and Mastercard got trimmed at all-time highs. Hold cash when nothing else qualifies. Check. $397 billion. This is not Greg Abel inventing a new philosophy. This is the Berkshire operating system continuing to run, the way it was designed to run, after the founder stepped away. That distinction matters more than anything else in this filing. Here is why. For 60 years, retail investors have tried to "follow Buffett." They scan the 13Fs the day they drop. They buy what he bought. They hold what he held. They sell when the headlines say he sold. And they almost always underperform. Because following Buffett the person was never the strategy. The strategy was Buffett the system. The patience to hold cash for years when nothing was cheap. The discipline to concentrate when something finally was. The structural willingness to look wrong for long stretches because the math eventually wins. Most retail investors have none of that. They have a phone, a brokerage app, a Twitter feed, and an attention span measured in headlines. They buy when Buffett buys. Then they sell three weeks later when the position is down 8% because they panicked. That is not following Buffett. That is using Buffett's name as a permission slip to make emotional decisions. The Q1 filing makes this point in a way no Berkshire annual letter ever could. The man is gone. The trades still look like Buffett trades. Because the system was the asset all along. The system was the moat. Now look at the Alphabet decision specifically. This is the part that should stop you. Alphabet generated $64.4 billion in free cash flow over the last 12 months. Google Cloud revenue grew 63% year over year in Q1 2026. Operating income from cloud tripled to $6.6 billion. The company is sitting on a near-monopoly in search, a top-two cloud platform, the best AI research lab in the world, and a balance sheet that prints money. And it was trading at a discount to the S&P 500 multiple when Abel was buying. That is not a hard call. It is the easiest call a value-oriented institutional buyer can make. But it requires you to ignore the entire narrative that Wall Street had been running for six months. The narrative was that AI was eating Google search. That ChatGPT was a Google killer. That the search monopoly was structurally broken. Retail investors bought that narrative and sold Alphabet at the lows. Abel ran the math and bought 40 million shares. Same company. Same fundamentals. Two completely different decisions, because one was driven by data and one was driven by narrative. The Alphabet position is already up 38% since the end of Q1. Six weeks of gains. Roughly $8 billion of paper profit in 42 trading days. That is what systems do. They do not predict the future. They wait for asymmetric setups, take large positions when the math says to, and let time do the work. Now the $397 billion cash position. This is the number that confuses retail the most. Why would the largest holding company in America be sitting on $400 billion in cash while the S&P sits at record highs? Because cash is not a position. Cash is optionality. Cash is the ability to act when everyone else is forced to sell. In 2008, Buffett had cash when Goldman Sachs and General Electric needed capital. He cut deals at terms no retail investor could ever access. In 2020, Buffett had cash when the COVID crash hit. He took advantage. Greg Abel is doing the same thing. He is loading the rifle. He does not know when he will get to fire it. He knows that having it ready is what separates Berkshire from every fund that has to be fully invested all the time. Most retail investors cannot do this. They look at $397 billion in cash and see "missed opportunity cost." They think holding cash is the same as losing money to inflation. It is not. Cash held by a disciplined system is a weapon waiting for the right target. Cash held by an emotional investor is a temptation that gets spent on the next hot trade. Same dollar. Two completely different outcomes. Here is the lesson the entire financial press is missing this week. Berkshire is not interesting because Greg Abel is a genius. Berkshire is interesting because it is the rare proof point that an investment process can survive its founder. The most important investor of the last 60 years is gone. The portfolio still looks like a Buffett portfolio. Because the rules were the asset. The personality was the wrapper. Most retail investors got the wrapper and missed the asset. They watched the documentaries. They read the books. They went to the Omaha meeting. They bought the personality. They never built the system. That is why they keep losing to the market over 20 year holding periods, while a holding company with the same playbook for six decades keeps quietly compounding. The question is whether you spend the next 20 years doing the same thing. Or whether you finally build a system that runs without you. Most retail investors will never have $397 billion in cash to deploy. But every retail investor can build the same kind of structural discipline Berkshire just demonstrated. Rules that execute regardless of headlines. Rules that buy when the math says to buy. Rules that hold when nothing qualifies. Rules that do not need a famous founder to run. That is exactly why Surmount exists. Automated, rules-based strategies that execute the same way every single trading day. No panic selling. No FOMO buying. No "what would Buffett do" guessing. Just systematic execution built on the same principle that just kept Berkshire running without its founder: The system is the asset:
1:44

BREAKING: Berkshire Hathaway just filed its first 13F after Warren Buffett stepped down as CEO. Wall Street spent a decade asking what happens to Berkshire when Buffett is gone. We just got the answer: On May 15, the first 13F of the Greg Abel era hit the SEC. Abel took over from Buffett on January 1, 2026. This filing covers his first full quarter in the chair. It is the most aggressive structural rebalance Berkshire has run in years. And almost nobody is reading it correctly. Here is what the filing actually shows: Berkshire trimmed its portfolio from 40 positions down to 26 in 90 days. 16 stocks fully exited. Amazon, gone. UnitedHealth, gone. Domino's Pizza, gone. Chevron cut by 35%, roughly $8 billion sold at peak energy prices. Visa, Mastercard, and Aon all sharply reduced. Then on the other side of the book: Alphabet position increased 224%. From about 18 million shares to nearly 58 million. The stake is now worth roughly $23 billion. One of Berkshire's seven largest equity holdings. A new $2.65 billion position in Delta Air Lines. Berkshire's first airline holding since they sold the entire sector in April 2020. Total stock sales for the quarter: $24 billion. Total stock purchases: $16 billion. Net selling: $8 billion. And the cash pile? $397.4 billion as of March 31. A new all-time record. Read those numbers again. This is not a passive handoff. This is a CEO clearing the decks and concentrating capital in a small number of high-conviction names while sitting on the biggest cash position in corporate history. Now here is the part the financial media is missing. Everyone is treating this like a referendum on Greg Abel's personality. "Is he as good as Buffett." "Will he be too cautious." "Does he have the killer instinct." Wrong question. The right question is why the system kept executing in exactly the way Buffett would have run it. Because that is what actually happened here. Concentrate in dominant businesses you understand. Check. Buy when valuations get attractive. Check. Alphabet was trading at a forward P/E in the teens when Abel was loading up. Sell when valuations get rich. Check. Chevron got cut at a peak. Visa and Mastercard got trimmed at all-time highs. Hold cash when nothing else qualifies. Check. $397 billion. This is not Greg Abel inventing a new philosophy. This is the Berkshire operating system continuing to run, the way it was designed to run, after the founder stepped away. That distinction matters more than anything else in this filing. Here is why. For 60 years, retail investors have tried to "follow Buffett." They scan the 13Fs the day they drop. They buy what he bought. They hold what he held. They sell when the headlines say he sold. And they almost always underperform. Because following Buffett the person was never the strategy. The strategy was Buffett the system. The patience to hold cash for years when nothing was cheap. The discipline to concentrate when something finally was. The structural willingness to look wrong for long stretches because the math eventually wins. Most retail investors have none of that. They have a phone, a brokerage app, a Twitter feed, and an attention span measured in headlines. They buy when Buffett buys. Then they sell three weeks later when the position is down 8% because they panicked. That is not following Buffett. That is using Buffett's name as a permission slip to make emotional decisions. The Q1 filing makes this point in a way no Berkshire annual letter ever could. The man is gone. The trades still look like Buffett trades. Because the system was the asset all along. The system was the moat. Now look at the Alphabet decision specifically. This is the part that should stop you. Alphabet generated $64.4 billion in free cash flow over the last 12 months. Google Cloud revenue grew 63% year over year in Q1 2026. Operating income from cloud tripled to $6.6 billion. The company is sitting on a near-monopoly in search, a top-two cloud platform, the best AI research lab in the world, and a balance sheet that prints money. And it was trading at a discount to the S&P 500 multiple when Abel was buying. That is not a hard call. It is the easiest call a value-oriented institutional buyer can make. But it requires you to ignore the entire narrative that Wall Street had been running for six months. The narrative was that AI was eating Google search. That ChatGPT was a Google killer. That the search monopoly was structurally broken. Retail investors bought that narrative and sold Alphabet at the lows. Abel ran the math and bought 40 million shares. Same company. Same fundamentals. Two completely different decisions, because one was driven by data and one was driven by narrative. The Alphabet position is already up 38% since the end of Q1. Six weeks of gains. Roughly $8 billion of paper profit in 42 trading days. That is what systems do. They do not predict the future. They wait for asymmetric setups, take large positions when the math says to, and let time do the work. Now the $397 billion cash position. This is the number that confuses retail the most. Why would the largest holding company in America be sitting on $400 billion in cash while the S&P sits at record highs? Because cash is not a position. Cash is optionality. Cash is the ability to act when everyone else is forced to sell. In 2008, Buffett had cash when Goldman Sachs and General Electric needed capital. He cut deals at terms no retail investor could ever access. In 2020, Buffett had cash when the COVID crash hit. He took advantage. Greg Abel is doing the same thing. He is loading the rifle. He does not know when he will get to fire it. He knows that having it ready is what separates Berkshire from every fund that has to be fully invested all the time. Most retail investors cannot do this. They look at $397 billion in cash and see "missed opportunity cost." They think holding cash is the same as losing money to inflation. It is not. Cash held by a disciplined system is a weapon waiting for the right target. Cash held by an emotional investor is a temptation that gets spent on the next hot trade. Same dollar. Two completely different outcomes. Here is the lesson the entire financial press is missing this week. Berkshire is not interesting because Greg Abel is a genius. Berkshire is interesting because it is the rare proof point that an investment process can survive its founder. The most important investor of the last 60 years is gone. The portfolio still looks like a Buffett portfolio. Because the rules were the asset. The personality was the wrapper. Most retail investors got the wrapper and missed the asset. They watched the documentaries. They read the books. They went to the Omaha meeting. They bought the personality. They never built the system. That is why they keep losing to the market over 20 year holding periods, while a holding company with the same playbook for six decades keeps quietly compounding. The question is whether you spend the next 20 years doing the same thing. Or whether you finally build a system that runs without you. Most retail investors will never have $397 billion in cash to deploy. But every retail investor can build the same kind of structural discipline Berkshire just demonstrated. Rules that execute regardless of headlines. Rules that buy when the math says to buy. Rules that hold when nothing qualifies. Rules that do not need a famous founder to run. That is exactly why Surmount exists. Automated, rules-based strategies that execute the same way every single trading day. No panic selling. No FOMO buying. No "what would Buffett do" guessing. Just systematic execution built on the same principle that just kept Berkshire running without its founder: The system is the asset:

Logan Weaver

20,503 views • 3 months ago

AI companies just BROKE the global supply chain for every piece of technology you own. And the fallout is way worse than anyone predicted... Sony is delaying the next PlayStation to 2028 or 2029. Nintendo is hiking the Switch 2 price mid-cycle. Apple warned investors that iPhone margins are getting crushed. Cisco just posted its worst share loss in 4 years. Oppo is cutting phone shipments by 20%. Lenovo, Dell, HP, Acer, and ASUS are all raising laptop prices 15-20%. Samsung is now reviewing memory contracts QUARTERLY instead of annually because prices change too fast to plan. And Elon Musk just told investors Tesla has to build its own chip factory from scratch because no supplier on the planet can keep up. His exact words: "We've got two choices: hit the chip wall or make a fab." All of this happened in the last 3 weeks. Same cause. Every single time. AI data centers are buying every memory chip on Earth. And there's nothing left for everyone else. Here's how we got here: 3 years ago, ChatGPT launched and the AI arms race began. Since then, Samsung, SK Hynix, and Micron, the only 3 companies that make memory chips, quietly made a decision that's now reshaping the ENTIRE global economy. They stopped prioritizing consumer memory. Every factory. Every production line. Every wafer. All redirected toward one customer: AI data centers Why? Money. AI memory chips sell for 3-5X the margin of regular RAM. When Google calls offering to buy your entire output at premium pricing, you don't say no. So the 3 companies that control 90% of the world's memory supply chose their highest-paying customers and left everyone else fighting over scraps. The numbers from this week are insane: OpenAI's Stargate project ALONE will consume 40% of the entire world's DRAM output. HBM demand is surging 70% year over year in 2026. HBM now takes 23% of total DRAM wafer production, up from 19% last year. Meanwhile, there's a 4% gap between global DRAM supply and demand. And that doesn't even account for depleted inventories across multiple industries. DRAM prices have surged over 170% since early 2025. DDR5 contract prices are still jumping double digits month over month. And the memory makers? They're printing money. Micron's revenue is expected to more than DOUBLE this fiscal year. SK Hynix sales doubled in 2024 and are on pace to double AGAIN. Samsung just reported quarterly profit nearly tripling. 3 companies. $650 billion in AI spending chasing their products. And they get to name their price. But the collateral damage is everywhere: Every industry that uses memory, which is every industry, is getting squeezed. Smartphone manufacturers are getting destroyed. For a mid-range phone, memory now represents up to 30% of the total build cost. Triple what it was in early 2025. Chinese phone makers like Xiaomi, Oppo, and Transsion are cutting shipment forecasts and raising prices because they literally cannot afford the memory to build their phones. Lenovo's CFO called the cost surge "unprecedented" and admitted they stockpiled 50% more inventory than normal just to survive the next few months. The PC market could shrink by up to 9% this year according to IDC. Not because people don't want computers. But because they can't afford the memory that goes inside them. And the gaming industry? Sony is seriously considering pushing the next PlayStation to 2028 or 2029. Their carefully planned console cycle is getting blown up because they can't secure memory at prices that make a new console viable. Nintendo is looking at raising the Switch 2 price. In the middle of a launch cycle. Something console makers almost never do. Nvidia is cutting RTX GPU production because they can't get enough GDDR7 memory. Even the car industry is getting hit... Analysts are warning about a repeat of the pandemic-era chip shortage that shut down auto factories worldwide. All because AI companies decided their chatbots needed the memory more than your car does. And this doesn't get better for YEARS. Building a new memory fab takes 3-5 years minimum. Micron's new factory in Idaho won't meaningfully increase supply until 2027 at the earliest. By then, AI demand will have grown even more. Memory makers are already selling their 2027 AND 2028 capacity to AI customers today. There is no supply relief coming. That's why Elon is planning to build Tesla's own "TeraFab," a massive semiconductor plant that makes logic chips, memory, AND packaging all under one roof. He said existing suppliers including TSMC, Samsung, and Micron simply cannot supply Tesla at the levels the company needs. Think about that. One of the richest men in the world, running one of the largest companies on Earth, can't buy enough memory chips. So he's building his own factory. If ELON can't get supply, what chance does everyone else have? The AI revolution has a tax. And YOU'RE paying it. Every dollar Big Tech spends on AI infrastructure drives up the cost of the memory inside your phone, your laptop, your car, your TV, and your gaming console. $650 billion in AI spending this year. 3 companies controlling 90% of the memory supply. And every wafer they allocate to an Nvidia GPU is a wafer denied to the device in your pocket. The AI boom isn't free. You're subsidizing it every time you buy a piece of technology. And the bill just went up like crazy.
1:31

AI companies just BROKE the global supply chain for every piece of technology you own. And the fallout is way worse than anyone predicted... Sony is delaying the next PlayStation to 2028 or 2029. Nintendo is hiking the Switch 2 price mid-cycle. Apple warned investors that iPhone margins are getting crushed. Cisco just posted its worst share loss in 4 years. Oppo is cutting phone shipments by 20%. Lenovo, Dell, HP, Acer, and ASUS are all raising laptop prices 15-20%. Samsung is now reviewing memory contracts QUARTERLY instead of annually because prices change too fast to plan. And Elon Musk just told investors Tesla has to build its own chip factory from scratch because no supplier on the planet can keep up. His exact words: "We've got two choices: hit the chip wall or make a fab." All of this happened in the last 3 weeks. Same cause. Every single time. AI data centers are buying every memory chip on Earth. And there's nothing left for everyone else. Here's how we got here: 3 years ago, ChatGPT launched and the AI arms race began. Since then, Samsung, SK Hynix, and Micron, the only 3 companies that make memory chips, quietly made a decision that's now reshaping the ENTIRE global economy. They stopped prioritizing consumer memory. Every factory. Every production line. Every wafer. All redirected toward one customer: AI data centers Why? Money. AI memory chips sell for 3-5X the margin of regular RAM. When Google calls offering to buy your entire output at premium pricing, you don't say no. So the 3 companies that control 90% of the world's memory supply chose their highest-paying customers and left everyone else fighting over scraps. The numbers from this week are insane: OpenAI's Stargate project ALONE will consume 40% of the entire world's DRAM output. HBM demand is surging 70% year over year in 2026. HBM now takes 23% of total DRAM wafer production, up from 19% last year. Meanwhile, there's a 4% gap between global DRAM supply and demand. And that doesn't even account for depleted inventories across multiple industries. DRAM prices have surged over 170% since early 2025. DDR5 contract prices are still jumping double digits month over month. And the memory makers? They're printing money. Micron's revenue is expected to more than DOUBLE this fiscal year. SK Hynix sales doubled in 2024 and are on pace to double AGAIN. Samsung just reported quarterly profit nearly tripling. 3 companies. $650 billion in AI spending chasing their products. And they get to name their price. But the collateral damage is everywhere: Every industry that uses memory, which is every industry, is getting squeezed. Smartphone manufacturers are getting destroyed. For a mid-range phone, memory now represents up to 30% of the total build cost. Triple what it was in early 2025. Chinese phone makers like Xiaomi, Oppo, and Transsion are cutting shipment forecasts and raising prices because they literally cannot afford the memory to build their phones. Lenovo's CFO called the cost surge "unprecedented" and admitted they stockpiled 50% more inventory than normal just to survive the next few months. The PC market could shrink by up to 9% this year according to IDC. Not because people don't want computers. But because they can't afford the memory that goes inside them. And the gaming industry? Sony is seriously considering pushing the next PlayStation to 2028 or 2029. Their carefully planned console cycle is getting blown up because they can't secure memory at prices that make a new console viable. Nintendo is looking at raising the Switch 2 price. In the middle of a launch cycle. Something console makers almost never do. Nvidia is cutting RTX GPU production because they can't get enough GDDR7 memory. Even the car industry is getting hit... Analysts are warning about a repeat of the pandemic-era chip shortage that shut down auto factories worldwide. All because AI companies decided their chatbots needed the memory more than your car does. And this doesn't get better for YEARS. Building a new memory fab takes 3-5 years minimum. Micron's new factory in Idaho won't meaningfully increase supply until 2027 at the earliest. By then, AI demand will have grown even more. Memory makers are already selling their 2027 AND 2028 capacity to AI customers today. There is no supply relief coming. That's why Elon is planning to build Tesla's own "TeraFab," a massive semiconductor plant that makes logic chips, memory, AND packaging all under one roof. He said existing suppliers including TSMC, Samsung, and Micron simply cannot supply Tesla at the levels the company needs. Think about that. One of the richest men in the world, running one of the largest companies on Earth, can't buy enough memory chips. So he's building his own factory. If ELON can't get supply, what chance does everyone else have? The AI revolution has a tax. And YOU'RE paying it. Every dollar Big Tech spends on AI infrastructure drives up the cost of the memory inside your phone, your laptop, your car, your TV, and your gaming console. $650 billion in AI spending this year. 3 companies controlling 90% of the memory supply. And every wafer they allocate to an Nvidia GPU is a wafer denied to the device in your pocket. The AI boom isn't free. You're subsidizing it every time you buy a piece of technology. And the bill just went up like crazy.

Ricardo

567,738 views • 6 months ago

The most powerful force in the oil market is now a single country that doesn't produce a drop. OPEC IS DEAD And here's why you should change how you think about energy for the next decade: China controls the oil price not by pumping it, but by REFUSING TO BUY IT. For two years, while the West wasn't paying attention, China built a war chest of crude. They bought cheap, sanctioned barrels at $60 while everyone else looked the other way. They stacked a reserve now estimated between 1.2 and 1.5 BILLION barrels. Then the world got its biggest supply shock in modern history and instead of panic-buying like everyone else, China did the opposite. They stopped importing and started eating their own stockpile. Chinese crude imports collapsed from 11.6 million barrels a day to under 8 million - the lowest level since 2017. That single decision accounted for roughly 74% of the entire drop in global oil demand, according to JPMorgan. Sit with that number for a second. The world lost 14% of its crude supply. In 1973, OPEC cut off just 7% and the price exploded 134%. This shock was twice as large. But oil went the other way. WTI sits at $74 today. Because the world's largest buyer simply walked out of the store and lived off its pantry. THAT is the new OPEC. For 50 years we obsessed over the Saudis. We watched OPEC meetings like Fed meetings, parsing every production quota. Those days are ending and the most powerful swing force in oil is no longer a cartel that controls supply. It's one country that controls DEMAND. And demand is the harder lever. You can cheat on a production quota but you can't force a billion-barrel buyer to show up if it doesn't want to. Here's what this means for your money right now: China has capped the upside. As long as they're sitting on that hoard, they sell into every rally toward $100. No spike gets to run. The right tail is gone - stop dreaming about $150 oil. But they've also built the floor. Those reserves are draining fast. JPMorgan expects China back as a major buyer by August to start refilling. The US has to refill its own SPR, now at its lowest since 1990. Everyone has to restock at once. You don't get $100 oil - China sells it to you. You don't get $50 oil - China and everyone else has to come back and buy it. You get a range. And right now we're sitting at the bottom of it. Crude is parked on its 200-day moving average. Retail traders are positioned near record short in Brent. Sentiment is in the gutter, RSI under 30. When the entire crowd leans the same way off the same wrong assumption, I want the other side of that trade. If I had to bet the next $10 or $15 move in crude, I'm betting higher. Because the most important player in the oil market already told you exactly what it's going to do. The Saudis didn't break OPEC. China did - by building a reserve nobody could see and refusing to spend it when it mattered most.
1:35

The most powerful force in the oil market is now a single country that doesn't produce a drop. OPEC IS DEAD And here's why you should change how you think about energy for the next decade: China controls the oil price not by pumping it, but by REFUSING TO BUY IT. For two years, while the West wasn't paying attention, China built a war chest of crude. They bought cheap, sanctioned barrels at $60 while everyone else looked the other way. They stacked a reserve now estimated between 1.2 and 1.5 BILLION barrels. Then the world got its biggest supply shock in modern history and instead of panic-buying like everyone else, China did the opposite. They stopped importing and started eating their own stockpile. Chinese crude imports collapsed from 11.6 million barrels a day to under 8 million - the lowest level since 2017. That single decision accounted for roughly 74% of the entire drop in global oil demand, according to JPMorgan. Sit with that number for a second. The world lost 14% of its crude supply. In 1973, OPEC cut off just 7% and the price exploded 134%. This shock was twice as large. But oil went the other way. WTI sits at $74 today. Because the world's largest buyer simply walked out of the store and lived off its pantry. THAT is the new OPEC. For 50 years we obsessed over the Saudis. We watched OPEC meetings like Fed meetings, parsing every production quota. Those days are ending and the most powerful swing force in oil is no longer a cartel that controls supply. It's one country that controls DEMAND. And demand is the harder lever. You can cheat on a production quota but you can't force a billion-barrel buyer to show up if it doesn't want to. Here's what this means for your money right now: China has capped the upside. As long as they're sitting on that hoard, they sell into every rally toward $100. No spike gets to run. The right tail is gone - stop dreaming about $150 oil. But they've also built the floor. Those reserves are draining fast. JPMorgan expects China back as a major buyer by August to start refilling. The US has to refill its own SPR, now at its lowest since 1990. Everyone has to restock at once. You don't get $100 oil - China sells it to you. You don't get $50 oil - China and everyone else has to come back and buy it. You get a range. And right now we're sitting at the bottom of it. Crude is parked on its 200-day moving average. Retail traders are positioned near record short in Brent. Sentiment is in the gutter, RSI under 30. When the entire crowd leans the same way off the same wrong assumption, I want the other side of that trade. If I had to bet the next $10 or $15 move in crude, I'm betting higher. Because the most important player in the oil market already told you exactly what it's going to do. The Saudis didn't break OPEC. China did - by building a reserve nobody could see and refusing to spend it when it mattered most.

George Noble

58,357 views • 1 month ago

Why are we at $63,000 Bitcoin in 2026... and why will it be $200k soon? Let me tell you. Because the move above $100,000 was the largest economic changing of the guard Bitcoin has ever seen. And almost everyone is looking at the aftermath backwards. Bitcoin spent 340 days in its six-figure regime. On December 8, 2024, Bitcoin closed at roughly $101,000. By November 12, 2025, it was still roughly $101,000. Price change? Basically ZERO. But underneath the surface, something absolutely enormous happened. Bitcoin's realized price - essentially the aggregate on-chain cost basis of the network - exploded from $38,233 to $56,194. That's +47%. Read that again. Bitcoin spent almost a YEAR going sideways while the economic acquisition basis underneath the entire asset repriced nearly 50% higher. Why? Because OGs were selling. And for the first time in Bitcoin's history, the market had enough liquidity at six-figure prices to absorb an absolutely gigantic redistribution of ancient coins. The data is insane. During this period, the trailing-year share of spent Bitcoin coming from: 2+ year old coins reached the 99.2nd percentile historically. 5+ year old coins reached the 99.7th percentile. 10+ year old coins reached roughly the 98th percentile. Long-Term Holder Coin Days Destroyed confirms the same thing. 2025 produced 5.79 BILLION LTH coin-days destroyed. The highest calendar-year total in the dataset. Even higher than 2017. And 58% higher than 2021. Combine 2024 + 2025 and you get: 11.47 BILLION long-term-holder coin-days destroyed. That's 47% more than the 2016–2017 cycle. And 65% more than 2020–2021. This was an enormous transfer of Bitcoin from ancient, low-cost-basis holders into an entirely new ownership base. At the end of 2023, coins older than two years represented 40.8% of Bitcoin's realized capitalization. By November 2025? 13.2%. And capital represented by coins younger than one year exploded from 43.8% to 74.1%. That's the changing of the guard. Think about what actually happens economically when an OG who bought Bitcoin at $1,000 sells it for $100,000. The supply of Bitcoin doesn't change. But the CHARACTER of that supply changes dramatically. The seller had a 100x embedded gain and enormous incentive to monetize. The new buyer has a $100,000 cost basis. You have replaced an incredibly profitable latent seller... ...with someone who just committed $100,000 of fresh capital to own the exact same coin. Do this across millions of economically ancient coins and you haven't merely changed ownership. You have RECAPITALIZED the network. Bitcoin eventually fell almost 50% from its $124,700 ATH. Yet realized price barely gave back the enormous increase created during the redistribution. At the first $100k close, the realized price was $38,233. Today the realized price is ~$52,645. So while spot Bitcoin fell from $101k to ~$62k... The aggregate network cost basis is STILL 38% HIGHER. The price got crushed. The capitalization reset survived. And now comes the part I think almost everyone is missing. Those "new buyers" aren't new anymore. At the end of the six-figure regime, coins aged 6 months–2 years represented about 32.8% of realized cap. Today? 59.2%. Nearly SIXTY PERCENT of Bitcoin's realized capitalization now sits in coins that haven't moved for 6–24 months. The hot money is seasoning. The new ownership cohort is becoming the long-term holder cohort. And ancient-holder spending has COLLAPSED from its 2025 highs. On a trailing 180-day basis: 2+ year spending intensity: down ~62%. 3+ year: down ~69%. 5+ year: down ~51%. The OG supply avalanche is drying up. So zoom out. In 2024–2025, old, massively profitable holders distributed into unprecedented liquidity. Bitcoin absorbed it. The network cost basis exploded higher. Price eventually corrected. The new holders DIDN'T collectively dump their coins back onto the market. They aged. Now Bitcoin sits around $62,000 with a realized price near $52,600. The speculative premium has been annihilated. At $100k, Bitcoin traded around 2.65x realized price. Today? About 1.19x. The market has compressed almost all the way back toward aggregate cost basis... AFTER one of the largest economic ownership resets in Bitcoin history. And this is where $200,000 becomes interesting. Bitcoin just needs another demand expansion against a supply base that has already been dramatically recapitalized. If realized price climbs toward $70,000 during the next expansion... $200,000 Bitcoin would represent about 2.86x realized price. The peak of the most recent cycle was already ~2.77x. In other words... you don't need 2017 insanity. You don't even need 2021 insanity. You need continued capitalization of the network combined with a holder base that is now dramatically less eager to sell at the prices where the previous generation unloaded. THAT is the setup. The $100,000 was a massive clearing event. Bitcoin used six-figure liquidity to transfer ancient coins out of the hands of people sitting on absurd gains... ...and into the hands of investors willing to capitalize the network at vastly higher prices. Then the bear market compressed the speculative premium while leaving much of that higher cost basis intact. Now the coins are aging. OG spending is fading. The network has been recapitalized. And the next wave of demand will be competing against a very different supply curve. $62,000 Bitcoin looks depressing if you're staring at the chart. It looks completely different when you look at WHO owns the coins now. This may be the most important holder redistribution Bitcoin has ever experienced. And I think we're watching the foundation for the move to $200,000+ being built in real time.
0:24

Why are we at $63,000 Bitcoin in 2026... and why will it be $200k soon? Let me tell you. Because the move above $100,000 was the largest economic changing of the guard Bitcoin has ever seen. And almost everyone is looking at the aftermath backwards. Bitcoin spent 340 days in its six-figure regime. On December 8, 2024, Bitcoin closed at roughly $101,000. By November 12, 2025, it was still roughly $101,000. Price change? Basically ZERO. But underneath the surface, something absolutely enormous happened. Bitcoin's realized price - essentially the aggregate on-chain cost basis of the network - exploded from $38,233 to $56,194. That's +47%. Read that again. Bitcoin spent almost a YEAR going sideways while the economic acquisition basis underneath the entire asset repriced nearly 50% higher. Why? Because OGs were selling. And for the first time in Bitcoin's history, the market had enough liquidity at six-figure prices to absorb an absolutely gigantic redistribution of ancient coins. The data is insane. During this period, the trailing-year share of spent Bitcoin coming from: 2+ year old coins reached the 99.2nd percentile historically. 5+ year old coins reached the 99.7th percentile. 10+ year old coins reached roughly the 98th percentile. Long-Term Holder Coin Days Destroyed confirms the same thing. 2025 produced 5.79 BILLION LTH coin-days destroyed. The highest calendar-year total in the dataset. Even higher than 2017. And 58% higher than 2021. Combine 2024 + 2025 and you get: 11.47 BILLION long-term-holder coin-days destroyed. That's 47% more than the 2016–2017 cycle. And 65% more than 2020–2021. This was an enormous transfer of Bitcoin from ancient, low-cost-basis holders into an entirely new ownership base. At the end of 2023, coins older than two years represented 40.8% of Bitcoin's realized capitalization. By November 2025? 13.2%. And capital represented by coins younger than one year exploded from 43.8% to 74.1%. That's the changing of the guard. Think about what actually happens economically when an OG who bought Bitcoin at $1,000 sells it for $100,000. The supply of Bitcoin doesn't change. But the CHARACTER of that supply changes dramatically. The seller had a 100x embedded gain and enormous incentive to monetize. The new buyer has a $100,000 cost basis. You have replaced an incredibly profitable latent seller... ...with someone who just committed $100,000 of fresh capital to own the exact same coin. Do this across millions of economically ancient coins and you haven't merely changed ownership. You have RECAPITALIZED the network. Bitcoin eventually fell almost 50% from its $124,700 ATH. Yet realized price barely gave back the enormous increase created during the redistribution. At the first $100k close, the realized price was $38,233. Today the realized price is ~$52,645. So while spot Bitcoin fell from $101k to ~$62k... The aggregate network cost basis is STILL 38% HIGHER. The price got crushed. The capitalization reset survived. And now comes the part I think almost everyone is missing. Those "new buyers" aren't new anymore. At the end of the six-figure regime, coins aged 6 months–2 years represented about 32.8% of realized cap. Today? 59.2%. Nearly SIXTY PERCENT of Bitcoin's realized capitalization now sits in coins that haven't moved for 6–24 months. The hot money is seasoning. The new ownership cohort is becoming the long-term holder cohort. And ancient-holder spending has COLLAPSED from its 2025 highs. On a trailing 180-day basis: 2+ year spending intensity: down ~62%. 3+ year: down ~69%. 5+ year: down ~51%. The OG supply avalanche is drying up. So zoom out. In 2024–2025, old, massively profitable holders distributed into unprecedented liquidity. Bitcoin absorbed it. The network cost basis exploded higher. Price eventually corrected. The new holders DIDN'T collectively dump their coins back onto the market. They aged. Now Bitcoin sits around $62,000 with a realized price near $52,600. The speculative premium has been annihilated. At $100k, Bitcoin traded around 2.65x realized price. Today? About 1.19x. The market has compressed almost all the way back toward aggregate cost basis... AFTER one of the largest economic ownership resets in Bitcoin history. And this is where $200,000 becomes interesting. Bitcoin just needs another demand expansion against a supply base that has already been dramatically recapitalized. If realized price climbs toward $70,000 during the next expansion... $200,000 Bitcoin would represent about 2.86x realized price. The peak of the most recent cycle was already ~2.77x. In other words... you don't need 2017 insanity. You don't even need 2021 insanity. You need continued capitalization of the network combined with a holder base that is now dramatically less eager to sell at the prices where the previous generation unloaded. THAT is the setup. The $100,000 was a massive clearing event. Bitcoin used six-figure liquidity to transfer ancient coins out of the hands of people sitting on absurd gains... ...and into the hands of investors willing to capitalize the network at vastly higher prices. Then the bear market compressed the speculative premium while leaving much of that higher cost basis intact. Now the coins are aging. OG spending is fading. The network has been recapitalized. And the next wave of demand will be competing against a very different supply curve. $62,000 Bitcoin looks depressing if you're staring at the chart. It looks completely different when you look at WHO owns the coins now. This may be the most important holder redistribution Bitcoin has ever experienced. And I think we're watching the foundation for the move to $200,000+ being built in real time.

Adam Livingston

106,516 views • 1 day ago

This is the most insane thing any US President has ever said publicly. Trump sent a text to Norway's Prime Minister saying: "Considering your Country decided not to give me the Nobel Peace Prize for having stopped 8 Wars PLUS, I no longer feel an obligation to think purely of Peace." Then in the SAME message, he demanded control of Greenland. The media's calling it unhinged. But here's what nobody's putting together: This isn't about a prize. It's about a $3 TRILLION resource war with China. And Trump just gave away the game. Follow the money: China controls 90% of global rare earth processing. The minerals needed for every iPhone, every EV battery, every fighter jet, every missile guidance system. The US has been dependent on Beijing for two decades. And China knows it. In 2024, Beijing implemented export restrictions on graphite and heavy rare earths, which exposed Western automotive supply chains to MONTHS of production delays. This wasn't a warning shot. It was a demonstration. So where does Greenland fit? Greenland ranks 8th globally in rare earth reserves. 1.5 million tons sitting under the ice. Two of the world's largest undeveloped deposits are there: Kvanefjeld and Tanbreez. The Kvanefjeld deposit alone contains 6.6 MILLION tons of rare earth oxides. Second largest in the world. Enough to power US defense and tech industries for DECADES. But here's the part that should terrify Washington: China's Shenghe Resources is already the largest shareholder in the Kvanefjeld project. They signed an MOU in 2018 to lead the processing and marketing of ALL materials extracted from the site. Even if America mined Greenland tomorrow, the ore would still need to go to CHINA for processing. China doesn't need to own Greenland. They already control the chokepoint. The game is rigged. And it gets worse: In 2018, a Chinese state company bid to build three airports in Greenland. The Pentagon freaked out. Denmark had to step in and finance half the airports themselves just to block Beijing. Same year, China declared itself a "Near-Arctic State" and launched its Polar Silk Road strategy. Which sounds cute until you realize what they're doing: China and Russia signed agreements in 2024 to develop shipping routes through the Arctic. Climate change is melting the ice. What used to take 22 days through the Suez Canal now takes 10 days through the Northern Sea Route. Whoever controls that route literally controls global trade. And Greenland sits right in the middle of it. This is about the next industrial revolution and not about "national security." And the US is losing. Trump tried to buy Greenland in 2019. Denmark called it "absurd." But Trump wasn't crazy. He was 5 years early. Now the stakes are 10x higher. The 1946 play that nobody remembers: Here's where it gets REALLY interesting... This isn't even new. In 1946, President Truman offered Denmark $100 million in GOLD for Greenland. The Joint Chiefs of Staff called it a "military necessity." Denmark said no. But they DID let America build Thule Air Base, which is now Pituffik Space Base, the northernmost US military installation on Earth. It's been the backbone of American Arctic defense for 80 years. The US never needed to OWN Greenland. We just needed ACCESS. Trump knows this. His administration knows this. But access doesn't make headlines. "Buying Greenland" does. The Nobel Prize gambit: Trump's message to Norway wasn't a tantrum. It was leverage. By linking Greenland to a personal grievance about the Nobel Prize, Trump did three things: 1. Distracted from the real strategic play 2. Made European leaders look petty if they refuse 3. Created "madman theory" pressure Nixon used the same tactic in Vietnam. Make your adversaries think you're unpredictable enough to do anything. And it works. The EU's response proves it: Emergency meeting in Brussels. France demanding the "Anti-Coercion Instrument" be deployed. $108 BILLION in retaliatory tariffs being discussed. Denmark pulling out of Davos. 8 NATO allies issuing a joint statement against Washington. All because of a TEXT MESSAGE. This is what strategic chaos looks like. But here's the REAL play: Trump announced 10% tariffs on Denmark, Norway, Sweden, France, Germany, UK, Netherlands, and Finland. Starting February 1st. Rising to 25% by June. "Until a Deal is reached for the Complete and Total purchase of Greenland." This isn't about buying Greenland. This is about EXTRACTING concessions. What Trump actually wants: 1. Expanded US military presence in Greenland 2. Priority access to rare earth mining contracts 3. Blocking Chinese investment in Arctic infrastructure 4. Control over emerging Arctic shipping lanes Denmark already offered most of this. They're willing to negotiate expanded US presence. They've blocked Chinese airport contracts. They've sent troops to Greenland alongside NATO allies. But that doesn't fit the narrative. "Trump saves America from China" requires a bigger stage. The 60,000 people who matter: Greenland has 56,000 residents. 89% Inuit. They've been self-governing since 1979. They have the legal RIGHT to declare independence. And they've made it crystal clear: They're not for sale. Thousands protested in Nuuk last week. One third of the capital's entire population. Holding signs saying "Greenland is not a product, we're a people." But here's the thing: Greenland DOES want independence from Denmark. They NEED economic development to achieve it. Mining is the only viable path. And they're desperate for Western investment. Greenland's minister of business literally said: "Without an influx of Western investment, Greenland will have to turn to other partners, including China." America really doesn't need to buy Greenland. It needs to INVEST in Greenland. Partner with local mining operations. Build processing facilities so ore doesn't need to go to China. Fund infrastructure that Greenlanders actually want. Treat them like partners, not property. But that requires patience. And strategic thinking. Two things in short supply right now. What happens next: February 1: Tariffs hit 8 NATO allies February 6: EU counter-tariffs expire automatically February 7: $93 billion in European tariffs potentially kick in Davos this week: Trump addresses the World Economic Forum The EU has its "trade bazooka" ready. But they don't want to use it. Because everyone loses in a transatlantic trade war. To sum things up: Trump's Nobel Prize excuse is absurd. But the underlying strategy is serious. The US is in an existential race with China for control of critical minerals. Greenland is ground zero. And the current approach, tariffs, threats, acquisition rhetoric, is pushing our NATO allies toward Beijing. China's foreign policy chief said it best: "China and Russia must be having a field day. They are the ones who benefit from divisions among allies." Trump is playing checkers while claiming to play chess. And China's already three moves ahead. This is deeper than you'd expect.
1:55

This is the most insane thing any US President has ever said publicly. Trump sent a text to Norway's Prime Minister saying: "Considering your Country decided not to give me the Nobel Peace Prize for having stopped 8 Wars PLUS, I no longer feel an obligation to think purely of Peace." Then in the SAME message, he demanded control of Greenland. The media's calling it unhinged. But here's what nobody's putting together: This isn't about a prize. It's about a $3 TRILLION resource war with China. And Trump just gave away the game. Follow the money: China controls 90% of global rare earth processing. The minerals needed for every iPhone, every EV battery, every fighter jet, every missile guidance system. The US has been dependent on Beijing for two decades. And China knows it. In 2024, Beijing implemented export restrictions on graphite and heavy rare earths, which exposed Western automotive supply chains to MONTHS of production delays. This wasn't a warning shot. It was a demonstration. So where does Greenland fit? Greenland ranks 8th globally in rare earth reserves. 1.5 million tons sitting under the ice. Two of the world's largest undeveloped deposits are there: Kvanefjeld and Tanbreez. The Kvanefjeld deposit alone contains 6.6 MILLION tons of rare earth oxides. Second largest in the world. Enough to power US defense and tech industries for DECADES. But here's the part that should terrify Washington: China's Shenghe Resources is already the largest shareholder in the Kvanefjeld project. They signed an MOU in 2018 to lead the processing and marketing of ALL materials extracted from the site. Even if America mined Greenland tomorrow, the ore would still need to go to CHINA for processing. China doesn't need to own Greenland. They already control the chokepoint. The game is rigged. And it gets worse: In 2018, a Chinese state company bid to build three airports in Greenland. The Pentagon freaked out. Denmark had to step in and finance half the airports themselves just to block Beijing. Same year, China declared itself a "Near-Arctic State" and launched its Polar Silk Road strategy. Which sounds cute until you realize what they're doing: China and Russia signed agreements in 2024 to develop shipping routes through the Arctic. Climate change is melting the ice. What used to take 22 days through the Suez Canal now takes 10 days through the Northern Sea Route. Whoever controls that route literally controls global trade. And Greenland sits right in the middle of it. This is about the next industrial revolution and not about "national security." And the US is losing. Trump tried to buy Greenland in 2019. Denmark called it "absurd." But Trump wasn't crazy. He was 5 years early. Now the stakes are 10x higher. The 1946 play that nobody remembers: Here's where it gets REALLY interesting... This isn't even new. In 1946, President Truman offered Denmark $100 million in GOLD for Greenland. The Joint Chiefs of Staff called it a "military necessity." Denmark said no. But they DID let America build Thule Air Base, which is now Pituffik Space Base, the northernmost US military installation on Earth. It's been the backbone of American Arctic defense for 80 years. The US never needed to OWN Greenland. We just needed ACCESS. Trump knows this. His administration knows this. But access doesn't make headlines. "Buying Greenland" does. The Nobel Prize gambit: Trump's message to Norway wasn't a tantrum. It was leverage. By linking Greenland to a personal grievance about the Nobel Prize, Trump did three things: 1. Distracted from the real strategic play 2. Made European leaders look petty if they refuse 3. Created "madman theory" pressure Nixon used the same tactic in Vietnam. Make your adversaries think you're unpredictable enough to do anything. And it works. The EU's response proves it: Emergency meeting in Brussels. France demanding the "Anti-Coercion Instrument" be deployed. $108 BILLION in retaliatory tariffs being discussed. Denmark pulling out of Davos. 8 NATO allies issuing a joint statement against Washington. All because of a TEXT MESSAGE. This is what strategic chaos looks like. But here's the REAL play: Trump announced 10% tariffs on Denmark, Norway, Sweden, France, Germany, UK, Netherlands, and Finland. Starting February 1st. Rising to 25% by June. "Until a Deal is reached for the Complete and Total purchase of Greenland." This isn't about buying Greenland. This is about EXTRACTING concessions. What Trump actually wants: 1. Expanded US military presence in Greenland 2. Priority access to rare earth mining contracts 3. Blocking Chinese investment in Arctic infrastructure 4. Control over emerging Arctic shipping lanes Denmark already offered most of this. They're willing to negotiate expanded US presence. They've blocked Chinese airport contracts. They've sent troops to Greenland alongside NATO allies. But that doesn't fit the narrative. "Trump saves America from China" requires a bigger stage. The 60,000 people who matter: Greenland has 56,000 residents. 89% Inuit. They've been self-governing since 1979. They have the legal RIGHT to declare independence. And they've made it crystal clear: They're not for sale. Thousands protested in Nuuk last week. One third of the capital's entire population. Holding signs saying "Greenland is not a product, we're a people." But here's the thing: Greenland DOES want independence from Denmark. They NEED economic development to achieve it. Mining is the only viable path. And they're desperate for Western investment. Greenland's minister of business literally said: "Without an influx of Western investment, Greenland will have to turn to other partners, including China." America really doesn't need to buy Greenland. It needs to INVEST in Greenland. Partner with local mining operations. Build processing facilities so ore doesn't need to go to China. Fund infrastructure that Greenlanders actually want. Treat them like partners, not property. But that requires patience. And strategic thinking. Two things in short supply right now. What happens next: February 1: Tariffs hit 8 NATO allies February 6: EU counter-tariffs expire automatically February 7: $93 billion in European tariffs potentially kick in Davos this week: Trump addresses the World Economic Forum The EU has its "trade bazooka" ready. But they don't want to use it. Because everyone loses in a transatlantic trade war. To sum things up: Trump's Nobel Prize excuse is absurd. But the underlying strategy is serious. The US is in an existential race with China for control of critical minerals. Greenland is ground zero. And the current approach, tariffs, threats, acquisition rhetoric, is pushing our NATO allies toward Beijing. China's foreign policy chief said it best: "China and Russia must be having a field day. They are the ones who benefit from divisions among allies." Trump is playing checkers while claiming to play chess. And China's already three moves ahead. This is deeper than you'd expect.

Ricardo

15,004 views • 7 months ago

📹 🚀 BREAKING NEWS: EOS & USDT CO-FOUNDER BROCK PIERCE JOINS ESTATEX! 🚀 Hey EstateX Fam, Today marks a pivotal moment in EstateX history. Are you ready for a game-changing announcement? Brace yourselves, because it's finally here! 💣 We are beyond excited to share that EstateX has officially welcomed (USDT) co-founder and billionaire, Brock Pierce , to our team! This is not just big; it's monumental. From selling out presale rounds to securing grants from industry giants like Microsoft, we've achieved remarkable milestones. But none compare to this. With Brock's investment, involvement, and advisory, EstateX is about to hit stratospheric heights! 🌟 WHO IS BROCK PIERCE? Brock isn't just a name; he's a legend. As a blockchain pioneer, impact investor, ICO Inventor, and venture philanthropist, he's left an indelible mark on the industry. From his early days as a Disney star featuring in the worldwide hit Mighty Ducks, to founding disruptive businesses as Tether (USDT), Brock's journey is the stuff of legends. With over $5B raised for companies he’s founded, Brock's track record speaks volumes. He’s been an early investor in Bitcoin and one of the largest in the Ethereum crowd sale, and a driving force behind blockchain's global rise. Before the age of 20, he joined DEN as a partner, securing over $88 million in venture funding. Later, he founded ZAM, a network of websites oriented around massively multiplayer online role-playing games. Famous games in his portfolio were worldwide hits such as World of Warcraft and Star Wars: The Old Republic, with annual sales exceeding $1B. In March 2012, Chinese tech giant Tencent acquired ZAM for over $100M. Brock is worldwide known as one of the founders of the biggest USD stablecoin on earth, Tether (USDT). This is currently the number 3 digital currency on earth with a market cap of almost $100B, and even the number one digital currency in trading volume. He also pioneered the first ICO on earth with Mastercoin. According to Bloomberg, this "kicked off a worldwide ICO craze, with hundreds of startups raising billions of dollars.” With another company of his, he sold over $4B tokens in the EOS crowd sale making it the largest ever. Venture Firm , which he founded in 2013, raised $85 million. This is the first sector-focused venture fund that invests solely in Blockchain technology companies. Pierce led the firm through the first ICO of a venture fund, which created the first security token, BCAP. Blockchain Capital has made more than 100 investments in the sector across its four funds. In February 2018, Forbes named him as one of the top 20 wealthiest people in Crypto. Brock has an estimated net worth of over $2 billion and has ridiculous contacts within the corporate, crypto, and political areas. But that’s not all; Brock’s influence extends beyond business. From running for U.S. presidency in 2020 to advising governments worldwide. He also brings along his real estate portfolio worth hundreds of millions, his impact is immeasurable. And now, he's bringing his expertise and connections to EstateX. Buckle up; we're about to take off! 🚀 WHAT DOES THIS MEAN FOR ESTATEX? It's a game-changer, plain and simple. Brock isn’t just joining us; he’s investing, advising, and becoming a vital part of the EstateX family. His wealth of experience and unparalleled connections will supercharge our growth like never before. Imagine having access to liquidity like never seen before in the tokenization market! 🌊 We will work with his VC, Percival. They will come on board and add huge value to the project. Percival is massive within the crypto and corporate space. With Brock on board, we're not just making waves; we're creating a tsunami of change. From accelerating our platform’s liquidity to expanding into new asset classes, the possibilities are endless. Plus, Brock’s extensive network of government officials and regulators will open doors worldwide, propelling EstateX to new heights. But wait, there’s more! Brock’s social media following, billionaire contacts, and innovative projects mean unprecedented exposure and synergies for EstateX. We're talking next-level growth and opportunities you won’t find anywhere else. This partnership isn’t just about business; it’s about making a real impact. Together with Brock, we’re on a mission to empower individuals, create generational wealth, and revolutionize the real estate market. Exciting times ahead! 🌟 But this is just a small part of what Brock will bring to EstateX. The impact of Brock being part of EstateX will be absolutely MASSIVE! Believe me, the value he will add is beyond imaginable. You will be pleased to know the game changing announcement will be publicly announced by Brock and will be supported by Press & Podcasts and interviews featuring Brock and Bart! This will create massive marketing activity in awareness. Stay tuned for more updates and innovations from the EstateX team! 🚀 Forget about Rocketfuel… ESTATEX NOW HAS #BROCKETFUEL 👞👞🚀🚀 #ESX #EstateX #Web3 #Tokenization #RealEstate #RealEstateInvestment #RWA #RealWorldAssets #Tether #USDT #Ethereum #ETH #Bitcoin #BTC #EOS #BrockPierce $ESX $BTC $ETH $EOS $USDT
3:46

📹 🚀 BREAKING NEWS: EOS & USDT CO-FOUNDER BROCK PIERCE JOINS ESTATEX! 🚀 Hey EstateX Fam, Today marks a pivotal moment in EstateX history. Are you ready for a game-changing announcement? Brace yourselves, because it's finally here! 💣 We are beyond excited to share that EstateX has officially welcomed (USDT) co-founder and billionaire, Brock Pierce , to our team! This is not just big; it's monumental. From selling out presale rounds to securing grants from industry giants like Microsoft, we've achieved remarkable milestones. But none compare to this. With Brock's investment, involvement, and advisory, EstateX is about to hit stratospheric heights! 🌟 WHO IS BROCK PIERCE? Brock isn't just a name; he's a legend. As a blockchain pioneer, impact investor, ICO Inventor, and venture philanthropist, he's left an indelible mark on the industry. From his early days as a Disney star featuring in the worldwide hit Mighty Ducks, to founding disruptive businesses as Tether (USDT), Brock's journey is the stuff of legends. With over $5B raised for companies he’s founded, Brock's track record speaks volumes. He’s been an early investor in Bitcoin and one of the largest in the Ethereum crowd sale, and a driving force behind blockchain's global rise. Before the age of 20, he joined DEN as a partner, securing over $88 million in venture funding. Later, he founded ZAM, a network of websites oriented around massively multiplayer online role-playing games. Famous games in his portfolio were worldwide hits such as World of Warcraft and Star Wars: The Old Republic, with annual sales exceeding $1B. In March 2012, Chinese tech giant Tencent acquired ZAM for over $100M. Brock is worldwide known as one of the founders of the biggest USD stablecoin on earth, Tether (USDT). This is currently the number 3 digital currency on earth with a market cap of almost $100B, and even the number one digital currency in trading volume. He also pioneered the first ICO on earth with Mastercoin. According to Bloomberg, this "kicked off a worldwide ICO craze, with hundreds of startups raising billions of dollars.” With another company of his, he sold over $4B tokens in the EOS crowd sale making it the largest ever. Venture Firm , which he founded in 2013, raised $85 million. This is the first sector-focused venture fund that invests solely in Blockchain technology companies. Pierce led the firm through the first ICO of a venture fund, which created the first security token, BCAP. Blockchain Capital has made more than 100 investments in the sector across its four funds. In February 2018, Forbes named him as one of the top 20 wealthiest people in Crypto. Brock has an estimated net worth of over $2 billion and has ridiculous contacts within the corporate, crypto, and political areas. But that’s not all; Brock’s influence extends beyond business. From running for U.S. presidency in 2020 to advising governments worldwide. He also brings along his real estate portfolio worth hundreds of millions, his impact is immeasurable. And now, he's bringing his expertise and connections to EstateX. Buckle up; we're about to take off! 🚀 WHAT DOES THIS MEAN FOR ESTATEX? It's a game-changer, plain and simple. Brock isn’t just joining us; he’s investing, advising, and becoming a vital part of the EstateX family. His wealth of experience and unparalleled connections will supercharge our growth like never before. Imagine having access to liquidity like never seen before in the tokenization market! 🌊 We will work with his VC, Percival. They will come on board and add huge value to the project. Percival is massive within the crypto and corporate space. With Brock on board, we're not just making waves; we're creating a tsunami of change. From accelerating our platform’s liquidity to expanding into new asset classes, the possibilities are endless. Plus, Brock’s extensive network of government officials and regulators will open doors worldwide, propelling EstateX to new heights. But wait, there’s more! Brock’s social media following, billionaire contacts, and innovative projects mean unprecedented exposure and synergies for EstateX. We're talking next-level growth and opportunities you won’t find anywhere else. This partnership isn’t just about business; it’s about making a real impact. Together with Brock, we’re on a mission to empower individuals, create generational wealth, and revolutionize the real estate market. Exciting times ahead! 🌟 But this is just a small part of what Brock will bring to EstateX. The impact of Brock being part of EstateX will be absolutely MASSIVE! Believe me, the value he will add is beyond imaginable. You will be pleased to know the game changing announcement will be publicly announced by Brock and will be supported by Press & Podcasts and interviews featuring Brock and Bart! This will create massive marketing activity in awareness. Stay tuned for more updates and innovations from the EstateX team! 🚀 Forget about Rocketfuel… ESTATEX NOW HAS #BROCKETFUEL 👞👞🚀🚀 #ESX #EstateX #Web3 #Tokenization #RealEstate #RealEstateInvestment #RWA #RealWorldAssets #Tether #USDT #Ethereum #ETH #Bitcoin #BTC #EOS #BrockPierce $ESX $BTC $ETH $EOS $USDT

EstateX

494,600 views • 2 years ago

People are going to be SHOCKED by how high gold and silver go from here. Not in five years. Not in two years. Starting NOW. Everyone knows the standard gold bull case. Central banks buying. Dollar debasement. Geopolitical chaos. Fiscal deficits spiraling. That's the soft, complacent version. The polite dinner party argument. I'm telling you something different: The really contrarian view right now isn't that gold pulls back. The really contrarian view is that it goes up FAR more than anyone imagines. Gold's total market cap sits around $30 trillion. Silver around $8 trillion. Global stocks? $125 trillion. Bonds? $300 trillion. Total financial assets? Over $500 trillion. All it takes is a small fraction of that $500 trillion saying: "I want out of this paper money charade." And most of that $30 trillion in gold isn't even tradable. It's locked in central bank vaults. The actual buyable float is a fraction of the total. A $500 trillion ocean of capital with a tiny escape hatch. Now look at what just happened: A whale in China deliberately shorted silver. Sloppy, loud, wanted everyone to know. Tried to slam the price and shake out the bulls. In 2022, a sloppy seller did the exact same thing in nickel. Publicly shorted it. Pushed it down for days. Then nickel TRIPLED. Markets love to punish that kind of arrogance. Meanwhile, the COMEX servers just overheated and shut down. Again. Same thing happened around Black Friday. And what followed? A moonshot in precious metals. The meme bros who piled into SLV last year got rinsed. And that's good. The market needed to shake out weak hands. But even after the rinse, gold found a bid. Every single dip got bought. Every selloff reversed. Strong markets don't let you in. Gold at $5,200 is trading bid because foreign central banks are structurally reallocating away from dollar reserves. Now let's talk about what's funding this rotation... Nvidia just reported $68B in quarterly revenue. Beat every estimate. But the stock DROPPED 5.5%. Wiped out $260B in market value in a single session. Morgan Stanley called it the largest, cleanest beat in semiconductor history. And Mr. Market said: "Don't care." That's not noise. That's the market telling you something profound: The hyperscalers are on pace to spend $700 billion in AI capex this year. That's going to consume virtually ALL of their cash from operations. Amazon, Microsoft, Google, Meta - locked in a game of capex chicken where nobody can stop spending because they're terrified of falling behind. Game theory guarantees this ends in a car crash. In a bull market, companies get rewarded for spending more. But once you cross the Rubicon, companies get rewarded for CUTTING. The Mag 7 saw earnings up 145%. The other 493 S&P companies? Up 4%. That's not a broad market. That's 7 companies selling picks and shovels while everyone else digs empty holes. And the money rotating OUT of those stocks is going into gold, silver, energy, and emerging markets. This isn't a blip. China has outperformed the S&P two years running. The equally weighted S&P is crushing the cap-weighted version in 2026. The next 5 - 10 years will look NOTHING like the last 5 - 10. Here's what I'd do: SELL ALL YOUR BONDS. If bonds are rallying, it means the wheels came off the economy. Either way, gold wins. Switch from SPY to RSP. Stop letting 7 overvalued companies dictate your portfolio. Own energy. Own precious metals. Own emerging markets. And above all: Own gold and silver. People say it's overbought. But you know what overbought really means? "I forgot to buy it and it went up without me." Every driver of gold (fiscal recklessness, geopolitical chaos, central bank buying, dollar debasement) is accelerating. Someone asked what would make me bearish on gold. Easy: an outbreak of common sense in fiscal and monetary policy. Wake me up when that happens. Until then? Gold. Don't trade it. Own it.
3:43

People are going to be SHOCKED by how high gold and silver go from here. Not in five years. Not in two years. Starting NOW. Everyone knows the standard gold bull case. Central banks buying. Dollar debasement. Geopolitical chaos. Fiscal deficits spiraling. That's the soft, complacent version. The polite dinner party argument. I'm telling you something different: The really contrarian view right now isn't that gold pulls back. The really contrarian view is that it goes up FAR more than anyone imagines. Gold's total market cap sits around $30 trillion. Silver around $8 trillion. Global stocks? $125 trillion. Bonds? $300 trillion. Total financial assets? Over $500 trillion. All it takes is a small fraction of that $500 trillion saying: "I want out of this paper money charade." And most of that $30 trillion in gold isn't even tradable. It's locked in central bank vaults. The actual buyable float is a fraction of the total. A $500 trillion ocean of capital with a tiny escape hatch. Now look at what just happened: A whale in China deliberately shorted silver. Sloppy, loud, wanted everyone to know. Tried to slam the price and shake out the bulls. In 2022, a sloppy seller did the exact same thing in nickel. Publicly shorted it. Pushed it down for days. Then nickel TRIPLED. Markets love to punish that kind of arrogance. Meanwhile, the COMEX servers just overheated and shut down. Again. Same thing happened around Black Friday. And what followed? A moonshot in precious metals. The meme bros who piled into SLV last year got rinsed. And that's good. The market needed to shake out weak hands. But even after the rinse, gold found a bid. Every single dip got bought. Every selloff reversed. Strong markets don't let you in. Gold at $5,200 is trading bid because foreign central banks are structurally reallocating away from dollar reserves. Now let's talk about what's funding this rotation... Nvidia just reported $68B in quarterly revenue. Beat every estimate. But the stock DROPPED 5.5%. Wiped out $260B in market value in a single session. Morgan Stanley called it the largest, cleanest beat in semiconductor history. And Mr. Market said: "Don't care." That's not noise. That's the market telling you something profound: The hyperscalers are on pace to spend $700 billion in AI capex this year. That's going to consume virtually ALL of their cash from operations. Amazon, Microsoft, Google, Meta - locked in a game of capex chicken where nobody can stop spending because they're terrified of falling behind. Game theory guarantees this ends in a car crash. In a bull market, companies get rewarded for spending more. But once you cross the Rubicon, companies get rewarded for CUTTING. The Mag 7 saw earnings up 145%. The other 493 S&P companies? Up 4%. That's not a broad market. That's 7 companies selling picks and shovels while everyone else digs empty holes. And the money rotating OUT of those stocks is going into gold, silver, energy, and emerging markets. This isn't a blip. China has outperformed the S&P two years running. The equally weighted S&P is crushing the cap-weighted version in 2026. The next 5 - 10 years will look NOTHING like the last 5 - 10. Here's what I'd do: SELL ALL YOUR BONDS. If bonds are rallying, it means the wheels came off the economy. Either way, gold wins. Switch from SPY to RSP. Stop letting 7 overvalued companies dictate your portfolio. Own energy. Own precious metals. Own emerging markets. And above all: Own gold and silver. People say it's overbought. But you know what overbought really means? "I forgot to buy it and it went up without me." Every driver of gold (fiscal recklessness, geopolitical chaos, central bank buying, dollar debasement) is accelerating. Someone asked what would make me bearish on gold. Easy: an outbreak of common sense in fiscal and monetary policy. Wake me up when that happens. Until then? Gold. Don't trade it. Own it.

George Noble

145,955 views • 5 months ago