Slight update on what I think is going to happen over the next 6-8 months. I've been a bear for most of this year and I'm still a bear. I think retail is broke and is struggling to afford the basics atm. Layoffs are accelerating, tariffs are drastically slowing down the economy, and I believe we are in a debt bubble. This means that sales will be sluggish throughout and we will be entering into a global recession, while inflation remains high due to tariffs. We call that stagflation. That's why crypto is down is because people need all the liquidity they can get their hands on. Work still needs to be done in getting crypto aligned with the hard money thesis and it looks like it won't happen this cycle. Maybe the next one? And I haven't even talked about the AI bubble, which is real. Tech is good, just like during the last Internet bubble of the 2000s, but valuations are not proportional to the current reality. A market correction is needed but the winners will do just fine, just like Amazon did in the last one. Overall I believe crypto will be on sale and some wonderful buying opportunities will present themselves over the next little while. Be patient, and keep your eyes open.

Wow… Ok then.

Meanwhile the post from @KobeissiLetter reports the exact opposite, both cannot be true.

TEDDY ROOSEVELT: "The only man who never makes a mistake is the man who never does anything."

Trump: I’m attacking Iran. I’m not attacking Iran. I’m attacking Iran. I’m not attacking Iran. Markets:

Big fan of this move, well done

I’ve been one of the bearish accounts in your timeline for the past year and a half. I’ve started bidding.

Hyperliquid

i don’t like the attempt from some insiders to paint the zcash bug disclosure as “heroic” it’s not heroic. it’s a systemic problem yes they paid a smart researcher to find bugs and he did. that’s great but the issue isn’t that the bug existed the issue is that zcash, unlike almost any other cryptocurrency, enables a unique class of bugs, where if they’re exploited no one would know this unique class still exists. the fact that they fixed this specific bug is immaterial. mythos could find 8 others. and then mythos 2 bugs can exist in all cryptocurrencies. they can exist in btc or eth or sol. but if someone exploits them we will IMMEDIATELY KNOW and limit the damage with zcash, when someone secretly finds a bug and exploits it, WE WILL NOT KNOW imagine if the kelpdao hack was exploited but it somehow magically wasn’t visible onchain. the attacker stole 300m but no one would know. and aave and other apps would assume everything is fine not knowing that they secretly have a hole in the balance sheet. how much wider would the damage have spread by the time we found out? this is the real issue. not a specific bug. the systemic vulnerability: if a hack happens, we won’t know until much later and a lot of zcashers have been trying to downplay the severity of this fundamental issue for years (including yesterday when this was first disclosed but played down) regardless of this specific bug, i don’t think zcash is a safe place to store meaningful wealth long-term, until the design fundamentally changes i wish zcashers were more open about that. that would’ve been heroic

gm ☕️

Remember to keep some dry powder on the side if we ever get to $50k BTC. You’ll thank me later.

good overview of monad ecosystem

lol so good

No war this weekend after all?

UNITED STATES AND IRAN HAVE REPORTEDLY REACHED A FINAL DRAFT AGREEMENT MEDIATED BY PAKISTAN, ACCORDING TO IRAN’S ILNA CITING AL ARABIYA, WITH AN ANNOUNCEMENT EXPECTED WITHIN HOURS.

This is what awaits us once the U.S wraps up their Iran conflict: Canada as the 51st state, Cuba, and Greenland.

USDUC first, housecoin is next.

Memecoin szn