Because many of these companies have millions, sometimes billions of dollars (or worse, other fiat) that is deprecating at an average of 3%, if you think that those numbers are real, which probably now, so in practice it's more like 5-6% yearly debasement. Companies cannot buy the SP500, and I think they also cannot buy an ETF (which is the vehicle they would use to store gold, since they are not going to bother to hold their own gold). And so that is how Saylor arrived at the conclusion: BTC is the ultimate hedge against fiat debasement. You are legally able to hold as much as you want, and it's easy to setup compared to storing your own gold bullions. It also gives you a new following of millions of people around the world that suddenly care about your company, free publicity. It is a winning strategy as long as you can deal with the volatility.

Even if you solve all problems that are derived from the tariff war, you still have to think about the AI problem: Not only the more mechanical jobs are being automatized for years now, but now with the AI becoming better it will be even more difficult to find jobs. The CEO from Crowdsource said like 50% of their company is now AI run. So that is 50% less jobs on a single company. This will only get worse. At some point it will be impossible to get a job, so I don't know how they pretend to solve this, unless they give a universal basic income, otherwise we will have civil unrest and then we will have a lot of angry people with pitchforks and torches demanding a solution.

Yeah I think that is what OP meant. If climate change increases all the world's temperature averages, then it will be rougher to keep the machines cold. Plus you have to factor in the increased environmental phenomena related to higher temperatures, such as hurricanes, typhoons, earthquakes and so on. But these things will impact all industries, so it's not different. You will have to adapt. And Bitcoin is a global permissionless network, so you can plug in and out machines as needed without any meetings with the CEO. Each miner operation will come up with their own plan. This means BTC is very efficient compared to other industries. AI datacenters will have to adapt and plan with clients, with BTC there is no clients, you just plug the machines and go.

Some are rotating into the Metaplanet trade because they have identified that's the fastest horse for now, but the SP500 inclusion of MSTR is not priced in, they will have passive flows outmatched by any other Bitcoin Treasury company. If they start buying at a new pace then the market will reprice this with a higher mNAV base.

McClaren solid performance as usual. Ferrari finally showing some strength (even tho Piastri could have been 2# probably if it wasn't for the yellow flag, same as Max Verstappen). Very nice by Bortoleto finishing 8th. Again big gaps from teammates (Fernando vs Stroll, Max vs Tsuonado etc). More or less a predictable result. I think Norris may win yesterday unless he fumbles again on the start and if Ferraris remain solid through the race. I think Max can reach the top3 if they don't.

Well the so called Bitcoin community are still people and people wil lalways react to macro events, news and rumors, the thing is, since it's a global market, then it's more diverse and it's not as impacted by local news. In any case, I would not invest in individual stocks, too much risk, plus dilution to the shareholders. With BTC, there is no dilution, and it's a global market. If I want to invest in stocks, I only invest in ETFs to ge a basket of stocks and not just one.

The problem with tariffs is that what should be a one-off event that creates a shock but then the market adjusts, it's something that becomes a permanent uncertainty because the tariffs are constantly changed and used as a negotiating tactic, so the market never adjusts and then they are just stuck trying to guess what's next, this increased risk makes people less prone to invest and thus stay in defensive positions. But the paradox is that at the same time, at some point the public stops reacting to these news because they no longer believe Trump will stick to them and will fumble if the market crashes a lot anyway, so they frontrun it.

What feels strange may be that you think the price should be way higher given that you have Saylor and all the rest of new Bitcoin Treasury companies buying and holding BTC, plus all the buying from the ETFs and so on, you start thinking, what if they are selling paper bitcoin, manipulation of sorts, like how can an asset with a strictly limited in amount not go up with all this buying, well there may be some manipulation, but that would be temporary, same as if it's real selling, perhaps a lot of whales are selling their coins to institutions, so once they are done selling the price will go up, it's just a waiting game.

Trump is back with the tariffs after they failed to reach an agreement with Canada. He already announced they will be announcing new tariffs for Canada in the coming hours, and looks like the EU and US will also not reach an agreement, so probably more tariffs on the way. The SP500 is already correcting almost 1% from the top, but it went up 0.5% from the wick on the futures. So probably the market is not buying Trump's flip flopping tariffs and don't want to overreact. Trump thinks the US is one of his personal businesses and is going to find out that is a mistake. This just gives further leverage for Powel to present a reasonable thesis when it comes to not cutting rates.

Hard to tell anything from FP1 and FP2. Some of these results are very out of whack. Lance Stroll ending up 4TH on FP2 seems crazy, if Aston Martin had this super performance then I would expect Fernando Alonso to place better than 9th. Hamilton 10th is also too low imo. Same for Kimi 11th. The TOP3 seems realistic for tomorrow tho. That is my usual gamble, 2 McClaren first and Max 3rd or sometimes shuffle it with 2nd's. And sometimes Rusell and Charles outperform. I don't see much changing for the year unless Aston Martin delivers some mega upgrades.

Section 889 would crash the SP500, because a lot of money would get out of the market since you would get taxed way too much and this capital would probably go into European stocks, gold, Bitcoin, whatever else. Everyone knows most americans have their retirement money on the stock market, so they don't want the stock market to crash. Conclusion: They will do anything it takes to keep the stock market up, including backpedaling when/if they put this in place, so this is just more FUD by Trump to try to get his way.

The reality is that Trump is not achieving his goals. He failed to stop the wars, he failed to force others pay more via tariffs, and fools think he got his way with the NATO 5% thing (no one is going to be complying with that, and they know it, they are playing Trump in any case). It gets revised by 2029 so nobody cares. He is also failing to get rates down as he wanted. So yeah, americans are deluded and think they have more power than they think they have, the reality is you are limited in what you can do.

Well we have Blackstone and JPMorgan using ETH to tokenize some of their assets. JPM is using Base for their stablecoin and Larry Fink has mentioned he wants to tokenize the entire ETF industry, they may use ETH for that, so im considering a position in one of these proxies to get some exposure with this speculation. It doesn't really matter what we think if you can still make money on these moves and if they use ETH then ETH should go up. I don't know how's technically viable tho since last time I checked ETH was too expensive and slow for these things.

I think Iran will eventually retaliate again to try to save face so the great leader can sell to their population another great intervention, and that will probably be it. I don't see it escalating for now, plus the Israel-Gaza ceasefire and double state solution news are being priced in and superseding whatever short term risk is left with the Iran-Israel-USA one. Iranian regime is not dumb and they know they are cooked if they try to go against the US or even Israel so it has to stop somewhere, it either stops or they give them a good argument to keep pushing for a regime change which is not in Iranian's elite incentives.

Sooner or later all this bull pressure will make the market explode. I think most of these fillings are deals reached in OTC markets and it's not translating into the price, plus there is still a decent amount of whales and people that are up a lot getting out, so once they have all sold their BTC to institutions the price will skyrocket as exchanges are dried up.

Btw, the company Bit Digital (BTBT) recently went 100% ETH strategy, the stock crashed and it's probably undervalued to their holdings now.

I prefer to monitor the DXY to get a better idea of how the dollar is doing in the world, and we are seeing a steady downtrend since the peak of January where it $110. The exact explanation of this isn't clear to me, but the most immediate would be the one linked to the US10Y. The long term debt is still not being bought and it's stuck at 4%+ yield, so people are dumping the dollar because the market isn't buying US's debt. The good side to this is that typically BTC pumps on DXY weakness, even if sometimes BTC dumps on DXY weakness (as it did on Q1) but now it has decoupled and DXY continues to dump as BTC pumps.

It's really difficult to tell if Powel has a political agenda or not in his decision to not move rates. He did only a rate pre-elections which some argued was a pro-dem take. Others really think he is going with the data and that he stopped lowering rates because of Trump's tariffs. In any case, oil is going down now, after the Iran event is done. We are already back below the massive descending triangle that lasts since 2022. A lot of people were short as it broke down and got caught during this event, so not some got liquidated and we are back down. What Powel does? probably keep delaying for more clearance, but there is never enough clearance to act, this is the thing with economy, you have to take a chance or you never invest, I think they are stuck in this mentality and so they are not able to take an decisions (and sometimes not doing anything is the right strategy).

Yeah maybe it was something that already happened a while ago, but it has been reported again on the news recently, as you can see here:

https://www.tmz.com/2025/06/24/jon-jones-allegedly-threatened-cop-while-drunk-police-video-shows/

The news talk about the event taking place in Feb 21th of this year, so im not sure if that is the same situation that you described. Nontheless, Jon Jones going mad while drunk is a recurring event and probably it always happened recently.

Jon Jones was just caught in Vegas I think, stopped by police and banging his head against the car's hood claiming he was detained for no reason. I doubt that is the case, he is visibly drunk on that video that was uploaded, im not sure if someone posted it.

As far as UFC317, I think people are underestimating Topuria's ground game. Sure Charlie is a jujitsu black belt and we know what he can do, but Topuria has some decent skills, even if his career has been made from great standup. It's best for him to not risk it with Charlie and just stand up in any case, and use the ground game as emergency, same approach you would have against all those dagestanis, just standup and avoid the ground at all times, you may try some takedowns but near the end of the round, to keep them guessing, but you don't want to be stuck wrestling for like 4 minutes and lose the rounds. This is not an easy bet to make. I think Topuria wins because he is on a prime McGregor type of win streak but who knows.

Some people are making conspiracy theories about how RedBull is sabotaging the second driver's car, that is why the second driver always has a big gap compared to Max Verstappen. I think this is probably Max Verstappen haters that just dislike this guy and will come up with any excuses to not aknowledge he is the better driver. People has said that the RedBull is not an easy car to drive at all but Verstappen has adapted well and teammates cannot keep up. I don't believe teams are going to sabotage the other driver's car. The only reasonable sabotage claims I remember is during Hamilton and Alonso era but I don't reckon it was about direct car intervention but some team directions, now that is more debatable.

Just in:


So Powel is still hawkish, with these words you cannot expect a rate cut anytime soon. Unless hew ants to surprise the market to get the change with unexpected odds on the forecast.

Some more reports on Powel's talk:




I think we shouldn't expect rate cuts. Trump is not helping calling him low IQ and stupid, Powel may not cut rates just to piss him off, but I hope he really follows the data.