The Wolf Of All Streets

“Mike calls $BTC a poor investment, saying it hasn't beaten the Nasdaq since 2017 despite 3x the volatility "I do enjoy when Dave calls smart money people invest in Bitcoin. If they're smart, they're poorly invested. They're making poor performance, poor relative performance." "Because you just look, Bitcoin versus the Nasdaq. It's the same level as first touch in 2017. It's the same level as the 2021. And over that time it's traded 3 times the volatility. Now that's just a fact." "But I've heard that from prominent money managers at economic club events in Miami. They look over at Bitcoin and say, yeah, great. I do much better risk adjusted than Nasdaq. Why would I touch this highly speculative digital asset that has, in a space, within a space of unlimited supply?" "And I like to bring that out because I started calling Bitcoin amongst a bunch of pigeons last year. At least precious metals are a bunch of doves. There's only 4 of them: gold, silver, platinum, palladium, and they've reached 2 highs." "So I'm glad you mentioned platinum, Dave. The high in platinum was in 2008, basically $2,200 an ounce. And right now we're $1,700 an ounce. That's a horrible investment. And I was part of it for a long time. It just, some of us got lucky to sell in Q1, stuff we held for decades."”

“The bond market isn't buying one good inflation report over fiscal risk, and $BTC is the beneficiary "The bond market is an absolute mess right now. So it's not necessarily, I would say, rejecting the inflation report because that's just one PCE report." "But what it is saying is that one good inflation report cannot offset expensive oil, strong growth, government borrowing, and long-term fiscal risk." "So you would think, once again, that in a world where bonds are dumping and interest rates are flying, Bitcoin would be under pressure because it's supposed to be a risk asset. There's less liquidity, situation is tightening, all those things." "But if interest rates are rising and bonds are dumping because people no longer believe in the system and are afraid of fiscal dominance and irresponsibility and monetary irresponsibility, that's actually what Bitcoin is built for." "And in my mind, that's why Bitcoin is doing so well. And it's, of course, doing it so well right on time for the train to leave the station for the next bull market, if you do believe in the cycles. What a time to be alive, right?"”

“Bitcoin is on track for its strongest quarter since late 2024, despite rates above 5% and high inflation "Bitcoin is about to close its strongest quarter since late 2024, its first green quarter in quite a long time. And that was while interest rates were soaring and have largely been above 5%. So Bitcoin didn't care about the high inflation numbers, and I don't expect it to pump because of fake low inflation numbers." "As much as I hate to say it, because I was one of those guys who said the cycle is not going to be a thing, that it doesn't matter anymore, it coincidentally topped on the exact day it was supposed to, and it has been in a bear market ever since. Maybe Bitcoin remains a beautifully uncorrelated, idiosyncratic asset that you want in your portfolio precisely because it's not correlated to anything else." "Some days it is correlated, because some days all assets are correlated when they coincidentally move in the same direction, or there's a piece of news that moves them temporarily. But if you zoom out and don't pay attention to the daily moves, Bitcoin is not correlated, and is probably entering its own cycle." "Bitcoin has made a new higher high, is above all meaningful moving averages, and is likely entering a new cycle regardless of what happens in the rest of the economy."”

“The Bitcoin bear market is officially over. Today's newsletter: https://t.co/rivl0NHLZL”

“🚨 $1.09 billion in leveraged crypto positions were liquidated in the past 24 hours as Bitcoin surged above $87,000. Of that total, $919.48 million came from shorts, including $557.64 million in Bitcoin shorts alone. At the same time, $160 billion was added to total crypto market cap in the past 24 hours. Bitcoin is up around +7.3% over the past 24 hours and +10% over the past 7 days. This officially puts Bitcoin up +50% since its low seen just 2 months ago, and +17.5% this month, even after the Senate failed to pass the Clarity Act. Respectfully, I would not wait for lower $BTC prices.”

“NO MORE BEAR CASE FOR bitcoin:native "Now we have the confirmation that we need that the BTC bear market is over." "I took a screenshot for you guys earlier, not even of the current price because it doesn't matter at the moment." "On that weekly BTC chart, that blue line is the 50 MA on the weekly. We are now above it. We had a weekly close above it yesterday on Sunday. That has been the confirmation of every bear market to bull market transition in the past for BTC." "More importantly, that black line at $82,814, which is an oddly specific amount, shows BTC breaking out for a higher high." "For technical analysts who look at charts and believe in them, there is no more bear case for BTC."”

“Respectfully, I would not wait for lower $BTC prices. If you were waiting for 40k at 60k, all of the data should force you to reconsider.”

“Bitcoin BREAKS $85K As The Bear Market Case COLLAPSES Discussing Live @ 9 AM EST https://t.co/uvH3rw1UO0 https://t.co/M0G0KWjaMM”