The Wolf Of All Streets

“Avi on the unexpected sequence that produced the debasement trade "What really stuck out to me was gold, when gold started to trade well off that 4000 base, which is also a completely flow based trade. You had the Korean central bank start buying again, you had China stop selling to shore up reserves" "It set up a really good environment for what we're now experiencing, which is the debasement trade. You have Bessent pouring $4 billion into Treasury buybacks and basically saying that we're willing to intervene, and he's intervening in the yen markets" "This wasn't really on a lot of people's radars, people just didn't think that was going to happen" "I think Bitcoin really can only rally when the primary form of returns is money printing, or debasement. That's what we're seeing now, and that's why Bitcoin started to go up"”

“Bitcoin ETFs saw their biggest weekly inflow in 10 months "The fact that Bitcoin started pushing towards 80 was not just because shorts were being liquidated. That was not a leverage squeeze at all. What we can now see is that a big part of it was Bitcoin ETFs having their biggest weekly inflow in 10 months during the rally" "Bitcoin ETFs attracted $1.92 billion in the week. Ether ETFs added another $697 million, which is a very large number" "I had Alex Thorn from Galaxy on Macro Monday this morning, and he pointed out that this was effectively the most volume we've seen on Bitcoin ETFs since the all time high for Bitcoin in price and for ETFs back in October" "So that cannot be ignored. People buying ETFs is not part of a short squeeze. It is general belief that the bottom is likely in, and this is the time to re-enter the asset class"”

“Bitcoin needs to hold above around $82,800 to break the bearish structure "I do believe we are likely near a bottom. All the signals I've been telling you about for months were there, and now we've passed some fundamental levels that I think are important" "That said, for the technical analysts out there, Bitcoin needs to get above around $82,800 and hold there to make a new higher high and abolish the bearish market structure that still exists" "If I had a gun to my head, I would imagine we see some sort of retracement to some degree. Let RSI cool off, let the chart cool off a bit, maybe go back and test the low 70s or high 60s, get people thinking we're in a bear market again, and then gain fuel for that next rally" "It's nice not to be trading sideways at $64,000 indefinitely. It seems Bitcoin finally produced the perfect bottom signal, which was everyone stopped caring. Perfect time based capitulation"”

“Alex Thorn says Solana might never see a new all time high "Solana has been quietly doing well as a chain, it's got a lot of volume on there. But that coin is going to be hard, in my view, to really ever see a new all time high in absolute dollar terms" "Just think about what took it to 300. Literally the president and his wife announced meme coins on it during the inauguration" "From a pure narrative standpoint, I find it very difficult to see how it can. Over a long enough time, if the chain is very successful, probably it does" "But I don't know how you can get a confluence of events like Solana had to start 2025"”

“"This is a classic case of a short covering rally, an opportunity to sell" Mike McGlone takes the short side of a bet on Bitcoin at $78,000 "Part of it is the responses I'm getting from people. Emotions, you should never show emotions in investing" "The Fed is tightening, Bitcoin's rolled over the 50 week moving average, and it's up against resistance. I just look at that, it's August, that's sell" "So right now, Dave, the price is 78,000. I'll consider myself short to you by the end of the year, whoever wins gets bragging rights"”

“Mike McGlone calls Bitcoin a horribly poor performing asset, with no gain on the S&P or gold since 2021 and at three times the S&P's volatility "Bitcoin versus the S&P 500 is at the same level as 2021, yet it trades about three times the volatility" "Bitcoin versus gold is at the same level since 2021, and annual volatility has dropped to its lowest level ever" "So I put on my FRM and CFA hat, and I look at this as a horribly poor performing asset. High volatility, high correlation, and underperforms beta, particularly on a volatility weighted basis"”

“Bitcoin BREAKOUT Could Be Just the Start - AI May Reallocate $50 TRILLION | @billbar 00:00 Bitcoin Finally Breaks Out 01:12 Why Trump’s Policies Are Bullish for Bitcoin 05:22 The U.S. Debt Problem and the Battle With China 08:12 Why Trump Wants Lower Rates 11:59 Is Bitcoin’s Four-Year Cycle Still Alive? 15:55 Trump, Hyperliquid and the Future of Perps 17:38 Why Everything Is Becoming Tradable on Crypto 19:30 Bill Reveals What Abra Is Building Next 22:34 Where the Yield on Bitcoin Actually Comes From 26:44 The Financialization of Crypto Is Here 28:02 What Comes After Tokenization 32:57 The $50 Trillion Wealth Reallocation 33:26 Will AI Replace Financial Advisors? 35:30 Why 24/7 Markets Need AI 36:40 Bitcoin’s Role in an AI-Driven Financial System 39:09 Ethereum vs. Solana and the Future of Blockchains 42:00 What Happens When AI and Crypto Truly Merge? 46:06 Will Humans Eventually Merge With AI? 47:54 “AI Is Never Going to Be Dumber Than It Is Now” 49:02 Are Million-Dollar Bitcoin Targets Still Realistic? 49:38 Why Bitcoin Could Become the World’s Pristine Collateral”

“Everyone Is Chasing AI While Bitcoin's BIGGEST Cycle Begins | Bill Barhydt https://t.co/UvST592wia https://t.co/OMK8Smv6ci”

“After months of evidence that a bottom was forming, Bitcoin is finally beginning to confirm it where it matters most (price) Today's newsletter: https://t.co/MII13PyPUy”

“PETER SCHIFF SAYS $BTC RALLY IS A "FAKEOUT, NOT A BREAKOUT."”

“Matt Hougan believes the buyers stepping in now are holding for $150,000 to $250,000 "I don't want to steal the words of my friend Matt Hougan, but he made the point that he does not think this is impulsive buyers who are buying Bitcoin at $72,000 to sell at $76,000" "He thinks there has been a lot of sentiment that once Bitcoin gets bigger, we are once again entering three years of a bull market in the four year cycle, and people are starting to position for that" "So he believes, and I tend to agree, that a lot of the buying we're seeing right now is buyers who want to hold this asset to new all time highs beyond $126,000, up into $150,000, $200,000, $250,000, if this market does what we think it can"”

“More than $4 billion in crypto shorts liquidated over two days "Bearish crypto bets lose record 3 billion as Bitcoin tops 71,000. That was yesterday, and then I woke up and it was up to almost $80,000 Bitcoin, and that 3 billion in liquidated shorts had become almost 4 billion" "So what we have here is Bitcoin up roughly 24% this week, once again the strongest week since 2023" "Bitcoin ETFs added $606 million just Thursday, after over 500 million on Wednesday. Ether ETFs also added 221 million, which is a sizable number relative to total inflows" "More than $4 billion in crypto shorts liquidated over two days, giving us much more evidence that maybe the bottom is in"”

“Matt Hougan on the three things driving ETH "I'd call out three in particular. One is it became a really hated asset. This idea that there were no sellers left, which was true in crypto broadly, I think was really true in ETH. Anyone who got tired of ETH definitely puked and sold a few months ago, right at the depths of the foundation reorg. Everyone who wanted to sell had sold" "I also think ETH had a little bit of community momentum, because it started to do a few things right after that foundation retreat and collapse, with the formation of these new entities. It was already outperforming Bitcoin during the last few weeks, so it was ready to run" "And I do think the stablecoin and tokenization thing is a big meta theme, and people thought ETH is at the center of that, I'm going to own it" "You put all those together and you get this explosive upside move. But a lot of this move is just no sellers, it's a no seller move, so even a little bit of demand just skyrockets these assets"”

“"This market pullback was only 50%, the previous ones were 75 or 80%" Matt Hougan on why he thinks Bitcoin is becoming a mature asset "What's going to happen, the narrative we're all going to say in a month, is look, Bitcoin is maturing as an institutional asset" "The next market pullback, maybe 30%. We're moving into mature asset case" "It's sort of all set up beautifully for that to be the narrative. You see BlackRock reiterating its core arguments for Bitcoin" "I do think it's going to be an institutional store of value in this cycle"”

“"It's manipulating the long term interest rate lower to punish savers" Matt Hougan on why Bitcoin is rallying "I know people are reluctant to call this yield curve control. Today the term I saw was soft yield curve control, whatever the technicalities" "That's why Bitcoin is rallying. As long as the government is doing that, you're going to have people rotating into hard assets" "The debasement trade is full on. People are going to buy gold, they're going to buy Bitcoin, that's what we've seen, and that will continue as long as they try this" "I think what Bessent is saying is he's going to keep doing it until the market listens"”