JUST IN: BlackRock has filed for “in-kind redemption” for their Bitcoin ETF, meaning investors can redeem their shares for actual Bitcoin instead of cash.

1. Over-exuberance on government hope, as if this time is different

2. Reality check hits: It’s not different, we have liquidity problems, the dollar is too strong… DUMP IT. (we’re probably here now)

3. Stack the dip while everyone feels emotional, rekt, betrayed, and confused.

4. Bitcoin rips to $250k+ because it’s the best expression of currency debasement. The dollar has to weaken, inflation is coming, and nothing stops this train.

Reminder: Bitcoin didn’t close above $2,500 until June 2017. The all time high that year was $20k.

History rhymes. Anyways, I’m back to work. Stay focused! 🫡

Everyone’s wondering when a strategic Bitcoin reserve will happen, but all you really need to do is watch for Pelosi loading up on Bitcoin ETF calls.

The ghost of John McAfee launching an AI shitcoin was NOT on my bingo card...