$NVDA up 20% in just over a month.

I believe crypto treasury companies have broadly topped out. In the 2020 crypto bull market $MSTR topped in Feb. ‘21 while spot coins made significant new highs in May and even Nov. of ‘21. We are likely to see a similar dynamic ahead where these companies have already topped.

The only proven use case of crypto is decentralized SoV. Betting on anything else right now is misguided.

Strangely enough XRP is basically the only coin which people who aren’t terminally online nerds seem to like and shill to each other with insane price targets that have no understanding of market cap.

I think $XRP can reach a 600b circulating mkt cap in the next 6-8 months so around $12. This is with BTC at 150-180k.

No better feeling than crypto summer

BTC top is probably pretty close, alt season in full effect.

Blockchains are effectively the social networks of money, and XRP is winning this game.

Everyone is seeing signs of froth in the market and wondering what could go wrong, but what if everything went right?

In late 2020 - early 2021 OI and funding rates were high and we just kept going higher.

This is why the crypto treasury co. trade is over. Premiums or “mNAV” will go negative and all of these companies will become forced sellers and have to buy back stock.

True. This is no different than $GBTC / $ETHE

2024 was supposed to be the year of ai agents. So where are the ai agents?

GPT-5 is likely the cracks starting to show phase of the Ai bubble. Seems unlikely that OpenAI will be able to do the 500b secondary. The difference between this bubble and 2000? The MAG 7 and Ai are holding up the entire economy.

$BMNR is a picturesque super bubble stock. Tom Lee, Cathie Wood, Peter Thiel, and Stan Druckenmiller. Could you even dream it up any better?

People who are buying $SBET over $BMNR because its cheaper on NAV basis are missing the forest for the trees. These stocks trade on narrative and hype, not valuation. They are all bubbles, so you should be long the ones with the most candid, influential people behind them.

$BMNR traded $4.5b of volume on friday vs the blackrock eth etf $ETHA trading $1.5b of volume. ETH is a $500b asset and $BMNR is a $6b asset, both trading on the same narrative.