Bitcoin benefits as the risk of creating gold through alchemy has entered public consciousness. That perceived threat to gold's scarcity supports a long Bitcoin position as a persistent theme. x.com 

Calacanis calling Bitcoin a 'dead network' is the most bullish thing this week because tourists call it dead. Bitcoin is 35% below its $126k peak, Google searches are at a five-year low, and Calacanis calls for $57k within 12 months. x.com 

Bitcoin's valuation looks stretched relative to network use, raising the risk of selling pressure. Its market value has risen faster than active addresses, lifting the NVM ratio while address activity has not kept up with price. This is a valuation warning, not a definite top like 2021 or 2025, nor a signal that price must fall immediately; it could keep rising with NVM high. x.com 

Crypto's maturation, alongside monetary debasement, should keep the revenue-generating and store-of-value portfolio barbell outperforming. These are its two primary drivers. x.com 

Bitcoin and ether’s resilience despite months of speculative capital being disintegrated may be a tell. They are the investments to hold or add, not trade. x.com  x.com 

Bitcoin may need sustained demand above all to outweigh selling pressure, since even favorable catalysts have coincided with declines. BTC fell despite rate cuts, a pro-crypto president, institutional adoption and rising liquidity; it now faces rate hikes, war in Iran, inflation, AI-bubble fears, quantum risks and AI-driven crypto hacks. x.com 

Bitcoin's near-term macro backdrop is not yet favorable because the Fed balance sheet is stuck at $6.75 trillion, so patience is warranted. The Fed will eventually have to step in for debt markets. ETF inflows leave time for October to turn positive, while Bitwise raised its 2036 target to $1.6 million and says institutions may allocate 1% to 5% as adoption and debasement-hedge demand rise. A U.S. Strategic Bitcoin Reserve may start buying very soon once crypto rules are settled. x.com  x.com  … Show more

The current crypto-market shock was needed to form a bottom. Bitcoin will not fall below $60,000 again. x.com 

Bitcoin faces additional selling pressure because Binance's SAFU fund has 15,000 BTC to sell to cover hack losses. That supply will also suppress its price. x.com 

Government will never stop printing money, which should make bitcoin, gold and land do well for two decades. x.com