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This is, like, both rage bait, and I actually believe this. I think that Michael Saylor is behaving like a rogue trader, and I think that he will absolutely blow up as will all of these other SPVs. And when he blows up, Bitcoin is gonna be down bad.
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Alright, guys. Welcome back to another thousand x podcast. It's been an eventful we had an eventful weekend. Basically, started starting last last Wednesday with a little rally up from that 93 to 96. We peaked out at 98. Now we're sitting at about 95 k. Equity markets are holding up okay today. You know, look looking down 30 bips, but not a big deal. But the real story of today is gold. I mean, gold is up 3% today, which is kind of kinda nuts. It seems like people are crowding back into that that fear trade. I mean, we had that really we had that really sharp sell off. We had 3,500. We came do
a great great question. I think over the short term, if if your time horizon is, like, a week or two and you're, like, super actively trading, yeah, I'd be concerned. I don't like that gold is up either. I think the equity markets have topped out a little bit. To me, you know, I think that there was peak fear priced in when the Trump tariffs first hit after Liberation Day, then he reversed them, telegraphing a willingness to be reasonable and markets focused. And I think that now we're at the equilibrium level for that, if not sort of, like, a bit optimistic because now markets are pricing in,
Yeah. With with Bitcoin, it's interesting. It's like trading, it's like a mix of gold, and it gets strength from both sides. Yeah. I think the the middle ground tends to be the worst for crypto. It's it's when it's when you're facing, okay. Well, we're not we're not really sure if, if if gold should be up or or equity should be up. I mean, there is a period post liberation day when we're like, okay. Shit's collapsing. The question is how far does it collapse. You have that you have that direction. And then you have the okay. We're we're we're on recovery mode. Things don't seem as bad as they
Tau just does not go down. I I've been wanting to accumulate more of that, and I've been waiting for a dip. My big dip buy, thanks to, you know, our conversation was hyper liquid back on the Lowe's, but I didn't really buy any towel. I was like, well, it's gonna keep chopping. I'm gonna get some in. It's just up, like, three to 8% every freaking day. It's it's so annoying for me. I've I've been really missing the boat on that one, and I don't really understand what's going on there or why other than just a general positive narrative, which I hate buying into if there's no underlying, like, cas
about that. I mean, there's there's there's there's there's there's usage, but there's no cash
flow. Yeah. I don't know. Subnet sixteen is the biggest decentralized Bitcoin miner. But is it profitable? I I I don't really understand. I don't know how to track it. I'm still getting smart on that ecosystem. I I don't wanna go in on a size that would even if I miss the trade, I'll still feel okay about it because I don't like piling in on things that I don't understand well enough. And TAO is still kind of a mystery to me. I'm still getting smart on it. As for broader crypto, though, yeah, you you mentioned ETH. 3 consecutive weekly green candles is the most that's been put in since, like,
don't know, man. I mean, ET
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