Bitcoin just blasted past $113,600, a brand-new all-time high, right after setting one yesterday. Equities & bonds are funneling capital into BTC. $370T of global real estate is next. Even 10% of that puts BTC at $40T, making it worth $2 million per coin. [B2YB Horizon]

Bitcoin has entered price discovery, setting major new all-time highs for 3 days in a row. Nearly $119,000. Shorts are being incinerated. Momentum is building. We’re in uncharted waters. Stay sharp. [B2YB Horizon]

Bitcoin hit $123,000 today, leapfrogging Amazon to become the 5th largest asset in the world. $1.3B in shorts were liquidated in 60 seconds. Volatility is at unprecedented lows. Retail is absent. This cycle isn’t over—there's plenty of gas in the tank. [B2YB Horizon]

Bitcoin will siphon the monetary premium from global real estate, growing to $135 trillion in the process. [B2YB Horizon]

The next 100M bitcoiners are in Asia with Caleb Cross - Asia Pacific’s massive untapped bitcoin demand - Apex’s plan to become the region’s leader - Why collaborative custody is built for 90% of users - Self-custody vs custodians - Bitcoin as final money

Trump wants a new Treasury-Fed accord, putting interest rate policy under White House control. Bitcoin’s already up 167% as rates climbed from 0.25% to 4.5%. If we slash rates again to devalue the debt? There is no ceiling for Bitcoin. [B2YB Horizon]

In 2009, Bitcoin was born to hedge against money printing, and government bailouts. 16 years later, the UK is selling $6.5B in seized bitcoin to bail itself out. The bailouts will never stop, so Bitcoin will never stop rising. [B2YB Horizon]

Strategy just launched STRC, a new perpetual preferred product offering an initial 9% APY. The $33-trillion short-duration U.S. credit market can now flow into Bitcoin. All bets are off. [B2YB Horizon]

11.08% of office CMBS are delinquent. That means over 1 in 10 office buildings with securitized loans aren’t making payments; the highest rate ever. Monetary capital is leaving commercial real estate, and Bitcoin is ready to welcome it. [B2YB Horizon]

Galaxy just helped an old whale sell 80,000+ BTC, worth $9B, in one of the largest notional bitcoin transactions ever. This news would've wrecked the market 5 years ago. Today, it barely moved. Stress test complete. Bitcoin is ready for the big leagues. [B2YB Horizon]

Bitcoin treasury companies aren't a systemic risk. They're deploying conservative, intelligent leverage, and are years away from true scale. The real risk is being underexposed while institutions remove supply at an accelerating pace. [B2YB Horizon]

Bitcoin has entered its post-institutional era. Multi-billion dollar trades are moving through the BTC order books without impacting price. It's now an emergent treasury reserve asset that will stair-step to gold parity and beyond. [B2YB Horizon]

Strategy just posted Q2 earnings: $10B in net income and a 46,671% EPS beat, the largest in Wall Street history. Now that unrealized BTC gains count as earnings, the best move in town is to buy it. The game has changed. Time for Wall Street to catch up. [B2YB Horizon]

The Great Repricing Our new report by Joe Consorti is 6 chapters, quantifying the $130-trillion monetary premium in global real estate. Learn how 5 decades of soft money drove capital into assets where it shouldn't be, and how the rise of Bitcoin will solve for it.