The Wolf Of All Streets

“Bitcoin Sold Off On The Crypto Vote. The Fed Could Send It Higher Today | @laurashin Discussing Live @ 9 AM EST https://t.co/jqGpNCbIY2 https://t.co/D7Kf9tpAua”

“Mark Moss says balancing Bitcoin mining against HPC in one facility is the AI boom turning productive "When you understand the way technological revolutions work, about every 50 years we get one of these. We get this cluster of technology that all of a sudden gives us new building blocks to build this new world that we didn't have before. It's happened 6 times in the last 300 years." "You look at the way that the money gets in to fund these technological revolutions, and it sort of goes from speculative capital into productive capital. And I think we're starting to see signs of that rotation actually happening." "Everyone's like, these large scale LLM models, they're building all this and it's gonna be like the railroads, they're gonna go bankrupt. And there's typically that. We have that speculative capital that a lot of times doesn't have a return, unfortunately for those investors. But then the market moves to more productive investments." "That's what we're starting to see in the AI boom. It's maturing a little bit. The job reports that came in, the GDP numbers that are being forecasted, the durable orders that are coming through in manufacturing." "Not only is it capital that was put into the Bitcoin mining facilities, but now they're also providing the HPC. The way that Bitcoin and HPC work together in one facility is really interesting, because Bitcoin is this highly volatile, high beta asset where HPC is this low volatility but high performing asset. You're able to balance those things out." "Bitcoin and the Bitcoin network are what will power it. It's gonna be the building blocks to build the AI." "We have this agentic commerce that's building right now. McKinsey says it's gonna be 5 trillion dollars by 2030. And that's not only driving the profitability of the AI companies, the tokens are exploding, but then the ability to have Bitcoin and the Bitcoin rails for that to all move on."”

“Caitlin Long on the outcry Kraken faced over a master account it still hasn't been allowed to use "Look at the outcry when the Fed gave Kraken its master account. It got announced in March. If you look at the database though, they signed the documents in January." "Look at what the banks did. The screaming that took place from Elizabeth Warren and that crew was insane." "And if you go look at how that bank is regulated, they have the same charter we do. They're going through a full-scope bank exam with CAMELS scores, bankers know what that means, every year. That is a far higher bar than what a trust company or a money transmitter has to satisfy." "But the wild thing is that the CEO of Kraken Bank testified publicly about a month ago that even though they got the account in January, the Fed had not let them operationalize it yet." "And if you put the puzzle pieces together, they had a 12-month trial. It's 8 months into the 12-month trial and they hadn't let them turn it on yet." "So it was never real, is what I concluded. I'm not shocked, because the Fed just plays games."”

“Silver lining is we don’t have to talk about the Clarity Act anymore and can default to buying Bitcoin to opt out of government entirely.”

“Ryan Rasmussen on the question advisors keep asking, how do I invest in tokenization? "This is one of those mega-trends that, particularly when we speak with financial advisors and wealth managers, they approach us and say, how do I invest in tokenization? What's happening here? I keep hearing that everything's gonna move onto blockchain-based rails." "By the way, I believed distributed ledger technology and blockchain was disruptive, and is really strong technology, 5 years ago. But all I could invest in then was Bitcoin. I didn't understand it, and so I didn't do that." "But now they can invest in financial services companies like Robinhood, like Coinbase. They can invest in the underlying blockchains, the infrastructure, et cetera." "So I think this is gonna bring a lot of capital not only onto blockchains, but investing into the underlying software and technology that's been built for the past 5-6 years." "And we'll get the regulatory piece that allows all this to flourish, either from legislation or from the SEC and CFTC." "Those are the structural things that are pushing crypto higher over the next 5-10 years, more so than what's happening with rates this week."”

“Ryan Rasmussen says September volatility and media-driven fear are a gift for long-term investors "The fear and short-term volatility that the financial media, and media more broadly, loves to inject into markets is a gift for long-term investors." "Rates at some point are coming down. Whether that's this week, which is not gonna happen, but whether it's later this year, next year, we're gonna see rate cuts eventually, because the economists, the folks in charge, they don't wanna see rates elevated. And you have this massive AI productivity boom that is going to happen." "September is just historically a crappy month, and the financial advisers that we speak to and the investment committees are well aware of this. They are sitting with cash on the sidelines, because they knew this FOMC meeting was coming, the middle of September." "So I think any dip gets bought here on a lack of rate hikes, which is my kind of base case." "And the crypto market will have some idiosyncratic shock related to the Clarity Act today. But I don't think that has a long-term impact on where crypto is headed." "What we haven't talked about, while there's been so much focus on Clarity, is all these other tailwinds that push crypto higher, and all these different megatrends that are continuing to build momentum over the long term. And so I sit and look at these dips and these pullbacks as a massive gift for the long-term-oriented investor."”

“Mike McGlone says the AI boom is a bubble that will eventually bust "The key cycle I think we're gonna get from AI is post-inflation deflation, significantly, because there's no doubt it's massively awesome for productivity." "And right now there's no doubt it's one of the main reasons we have stock market cap to GDP at 2.5 times, the highest on record." "Also no doubt, when you talk about debt in this country, it's only 121%, that's the same as 6 years ago. But the problem is, now the stock market to debt ratio is the highest in 25 years." "So focus on what matters. That's the AI boom. It's an AI bubble. And it's gonna bust. It's the question of when and how it happens."”

“Mark Moss puts 80% odds on $58K being the bottom "I believe the bottom is in. I would say probably with about 80% probability. I think the bottom was in at the level that we got to, at the $58K level." "Could we get back and retest into the mid 60s? We certainly could. I think maybe we could retest at the 200 week moving average kind of thing, and I'm not a technical analyst." "But I would say the low, back at whatever it was, at 58, I think that was the low. I don't see us dropping back below that." "I was certainly on the bandwagon, Scott, that the four year cycle was dead. Some people are still hanging on to that. I don't see how you technically could." "What's happened is it's sort of turned into this self fulfilling prophecy where people want to front run it. And now they're front running getting back in, and it's happening a month early."”

“PODCAST COMING SOON @1MarkMoss joins us to discuss why retail is selling while institutions accumulate Bitcoin, how the economy could keep growing despite higher rates, and what could drive Bitcoin to $1 million. Full episode drops tomorrow. https://t.co/8UOrc5PhYB”

“Dan Tapiero says the dollar-yen top marked the bottom in Bitcoin and gold "I think that was partially the spark. As an old-time macro guy, even though I don't trade in those markets much anymore, can't ever seem to ignore them when I pull up my Bloomberg. If you look at the dollar-yen exchange rate, I think that had more to do with the bottom in Bitcoin." "The Bank of Japan and the US came in to intervene at around 163 or so, 162, and they've continued to intervene, pushing the dollar even lower. Think it's at least 10% now, but it looks to me like it's got another 10% maybe to the downside." "That's the first time in a long time that Japan and the US have done concerted intervention. And Scott Bessent comes out yesterday and says, I am the house. All takers, anybody that wants to take the other side." "It's a great quote from a Treasury Secretary who probably understands dollar-yen better than any Treasury Secretary in the history of the country. Obviously has traded it for over thirty years." "Anybody, any of the civilian population, that wants to fade Scott Bessent as the Treasury Secretary, as he said, I am the house, I know things you don't know, it's true. He's playing on the other side." "The bottom in gold coincided closely with the top in dollar-yen, and also the bottom in Bitcoin."”

“Bitcoin Has Already Bottomed - And Almost Nobody Sees It | Dan Tapiero https://t.co/yKU22Bs2rN”

“Bitcoin Has Already Bottomed - And Almost Nobody Sees It | @DTAPCAP Discussing Live @ 9 AM EST https://t.co/9R53G1fgau https://t.co/RLfFhX227p”

“Strive CEO Matt Cole says a Bitcoin rally will resurrect some of the DATs, but it'll be a hated rally "I think some of them will rise from the dead, in a way that will be surprising. Not because they didn't make big mistakes or didn't have the perfectly thought out plan, but because strong Bitcoin will give a lot of strength back to some of these that have some plan, and I think they'll emerge stronger." "I don't think it'll all be clear, and I don't necessarily know which ones. You just have a bunch of people working on things, and I think a few of them will probably pull off the hated rally."”

“WATCH: COINBASE $COIN CEO BRIAN ARMSTRONG SAYS $400,000 $BTC BY 2030 IS A REASONABLE TARGET AND BELIEVES THE BOTTOM IS IN THIS CYCLE https://t.co/WIe4BycuIT”

“Fed cuts rates, Treasury buys bonds, yields still rise. This is why we buy Bitcoin. "Remember when Jerome Powell cut rates and interest rates went up instead of down? Do you remember when our Treasury Secretary announced the bond buybacks and interest rates went down for a few hours and then they went up? Do you remember today and yesterday when they announced that they would triple the amount of that and bonds interest rates went up?" "This is completely broken and the only thing everybody in politics can agree on is that fixing it is politically unpalatable and unpopular. And that they're just going to make bigger promises of more money, more stimulus, more money printing. This is why we buy Bitcoin."”