The Wolf Of All Streets

“Strive CEO Matt Cole says they 4x'd their Bitcoin holdings despite a bear market "We have over 24,000 Bitcoin now. In two days we'll have been public for one year. We started with just over 5,000 Bitcoin, so we've more than 4x'd our Bitcoin in a Bitcoin bear market. Obviously a tough environment for companies trying to amplify Bitcoin exposure." "Since the October crash, I think we're the only DAT that's outperformed the underlying asset. B. Riley came out with a release on that. So the performance of Strive today has been strong." "It's been a bear market, and we're playing for Bitcoin to go to millions. Ultimately infinity, because fiat currencies are worthless." "I'm looking forward to seeing how the engine we've built performs in a bull market, and I'm pretty constructive that we might be there."”

“FORMER RIPPLE CTO DAVID SCHWARTZ SAYS $XRP COULD FLIP BITCOIN $BTC”

“Bitcoin DROPS As Treasury’s $6 BILLION Bond Rescue BACKFIRES | Matt Cole https://t.co/jcl2K4y36Y”

“Bitcoin DROPS As Treasury’s $6 BILLION Bond Rescue BACKFIRES | @ColeMacro Discussing Live @ 9 AM EST https://t.co/K5tgPQOQPF https://t.co/CN5n8hKC9n”

“Matt Hougan on why there will be major ETF inflows in Q4 "I actually think Q4 is going to be an enormous quarter for ETF inflows, because I think a lot of people have been on the sidelines for nine months and now they've just got the green light that they can come into the market." "And you have major wirehouse platforms saying we should have a 1-5% exposure. I've sort of never been more bullish for institutional crypto adoption than I have right now." "There's still a few interesting stories that haven't really bubbled all the way through. I think Hyperliquid hasn't bubbled all the way through. The rebirth of DeFi is an emergent story that hasn't bubbled all the way through. But broadly, Bitcoin, stablecoins, tokenization - we're going to see billions of dollars of flows into ETFs behind those themes."”

“Matt Hougan says Bessent will have to intervene on rates, which leaves him more bullish than bearish on Bitcoin "But I think the market is recognizing, in this case particularly with the yield side, that he's going to have to do something large. He's going to have to do a large intervention to try to tamp that down, or the market's just going to continue to ramp it and push it up." "We continue to see all the pressures drive that up. We see massive issuance from the AI complex, they're now flooding Europe, raising money in Europe, because they stuffed the US market full of debt. We see oil pressing up. All these things should push those rates at the long end solidly higher, but Bessent is saying he's the house now." "It does make me bullish for Bitcoin in the relative short term. It's amazing that we went from 60 to 80 and stuck. I don't know that I've seen that kind of move in Bitcoin ever. But we did it. And now I'm marginally more bullish than bearish because of these quotes coming out of DC."”

“Matt Hougan says social trading is a 25-year-old story that keeps coming back, only now it’s easier to follow "That's an old story. The thing about FOMO is, we've seen that before. If you go back like twenty-five years, there was Marketocracy, which was the same thing for stock trading." "I feel like this is a story that emerges every five to ten years." "Of course, statistically, some percentage of those wallets will be at the top of the leaderboard. It's now easier to follow them, so maybe it's more persistent." "But I do think the returns, as you said, it's like 4% are beating the market or something. I think it's gonna be a challenging place for returns." "But I suspect that social trading will continue to grow. I'm still sort of bullish on the trend. I'm not sure the outcomes will be great."”

“Matt Hougan breaks down the five narratives that make this bull market more durable than previous rallies "I think there are, like, four narratives that are working in crypto, maybe five. This isn't just a crypto bid, which is what we previously saw in the past." "I think Bitcoin is being driven by the debasement bid. I think there's a stablecoin and tokenization bid that is lifting things like Ethereum and Solana and Chainlink and other assets in that space." "I think there's an improving tokenomics bid, where people are excited about assets with cash flow, I think that's why you're seeing Hyperliquid. I think if there was a Uniswap ETF, it would be doing well." "Then I think there is the Zcash privacy bid. The other bid is probably this retail degen." "The reason I raise all those is, like, that's a really robust bull market. When it's just risk-on, risk-off, we're one tweet away from Scott Bessent going into a bear market. But that's not what it is right now." "It's debasement, it's tokenization, it's improving tokenomics, it's privacy, it's memetic culture. All of those are firing at once." "Really, the market has turned because you have all these narratives working at once."”

“CRYPTOQUANT FOUNDER KI YOUNG JU SAYS BITCOIN $BTC ANALYSTS’ CONSENSUS IS NOW A “STRONG BUY””

“Tillman compares Zcash to CryptoPunks, a price held up by holders who don't need to sell "Here's the point I brought up earlier about like 40% of the public pool is owned by 100 wallets in Zcash." "They may all be diamond hands, like Bored Ape Yachts and CryptoPunks are. I'm just saying, that's the only reason why those things still command a price, because the people that own them are rich enough where they don't have to sell them." "And if the 40% of wallet holders on Zcash don't have to sell, because the price is up this high and they don't need the extra billion, then the price could go up higher." "But that's not real is the point. And people need to understand that." "That's not a real market, when you have concentration of that much of the currency in that few hands. What you want is a very, very shallow, very wide pool of holders."”

“Tillman on why Bitcoin's critical mass is nearly impossible to replicate today "Well, I have a thesis, and I don't think it can be argued. I don't think Bitcoin would survive if it started right now." "The age of AI, and a proof of work network, and the susceptibility to a brute force attack at the 51% mark, I think the critical mass point that you need to get to is almost not achievable with the technology we have now. I think that's days old." "I think Bitcoin's going to be enshrined in that regard. I don't think that it's going to lose its place. I think it's only going to gain market share in that regard." "Largest proof of work network ever created, and it's the largest network in the entire world. And that is valuable in and of itself." "You talk about use case, talk about value proposition. That's valuable whether you see it or you don't. You're going to use it at some point."”

“The Weekly Wreckoning in 7 minutes: 0:00 Strategy buys 4,603 BTC, net leverage to zero 1:10 Sold near the bottom, buying machine back on 2:06 Japan's 30-year yield hits 3%, bond crisis goes global 2:48 Bessent intervenes, the bond market doesn't buy it 3:14 Bitcoin ignores the macro as an uncorrelated asset 3:28 Hyperliquid seeks a US foothold through Kraken 4:00 Kraken delays its IPO again 4:54 Citi, Goldman and 21 banks team up on a stablecoin 5:45 Three stablecoin blocs forming at once 6:18 Bitcoin's golden cross is coming 6:38 USDT dominance drops, speculators are back 6:54 New Jersey takes prediction markets to the Supreme Court”

“bitcoin:native WEEKLY It is time to pay attention. A close above $82,814 would make the first higher high and officially kill the bearish trend and most bear arguments from a technical perspective. It would also confirm a close above the 50 MA. https://t.co/Ct6Fs8Muys”

“2.5K all day. $ETH”

“80k all day. $BTC”