👀 Bookmark this and either roast me in 2 years or stand in wonder that Ktrap was actually right This could be my most stubborn and hated contrarian take: NFTs are coming back Not immediately Not cleanly Not because the 2021 playbook comes back exactly But because the original reason NFTs made sense never died It got buried under fake roadmaps, cash grabs, and mercenary communities Humans collect things Digital scarcity was always going to matter once humans lived more of their lives online NFTs make sense because people want proof > Proof they were early > Proof they belonged > Proof they survived a specific era > Proof they saw something before the market did Some NFTs are artifacts And artifacts matter CryptoPunks are blockchain cave paintings Only 10,000 There before most people understood any of this That is the collector argument Not utility, although it is a bonus > Provenance > Scarcity > Cultural memory And I think the same lens applies to 2021 / early-2022 headliners BAYC Art Blocks Pudgy Penguins Cool Cats CloneX Neo Tokyo Azuki Moonbirds 👉 Right now, 2021 still feels cringe because the wounds are fresh The scams, influencers, Discord grinding, floor price cope, and “gm” industrial complex Fair A lot of it deserved to die But time does something funny to markets What feels cringe at the bottom can become historical later Everyone who was there remembers it > The allowlists > The reveal nights > The gas wars > The Art Blocks mints > The Neo Tokyo riddles and lore > The feeling that your wallet was a passport into a weird internet city People can pretend they’re above it now I don’t buy it If crypto enters a post-2028 halving bull scenario, the flex layer comes back It always does > Bull markets create money > Money creates status games > Status games create collectibles The next version probably looks different from 2021 Less “every mint is a 10x” More “what are the scarce digital artifacts from crypto history” That is where OG collections get interesting By then, CryptoPunks will feel prehistoric By then, 2021 collections will feel like the Jurassic artifacts Obviously I’m biased but Neo Tokyo is one of the more interesting examples It was lore, access, identity, game theory, yield, breakthrough NFT tech, networking, and status wrapped into one standout 2021 artifact A citizen was not only an image It signaled you belonged to the corner of crypto that believed the internet was becoming a city, and NFTs were the key-cards granting you access Access you earned That sounds less crazy every year Membership is still one of the best long term NFT arguments > Own the asset > Enter the network > Access the room > Carry reputation across platforms The contrarian part is buying when nobody wants to hear this NFT sentiment is in the gutter People don’t just think NFTs are down They think NFTs are embarrassing That is usually where the best asymmetric ideas start > Not guaranteed > Not easy > Not “ape every dead floor” 👉 But selective accumulation of culturally durable NFT assets while the category is treated like trash could look insane in hindsight when the next mania returns Especially after 2028 Because by then, the time gap itself becomes part of the asset > CryptoPunks become legend > 2021 grails feel ancient > The stories become cleaner > The tourists are gone > The collectors get pickier And when BTC goes through another full halving cycle into a real bull, people with profits will want more than yield > They will want identity > They will want trophies > They will want proof they made it through the game That is where NFTs come back Not as a copy of 2021 As crypto’s collectible memory layer > The chain remembers > The wallets remember > The artifacts remain That is the bet NFTs are not dead They are sitting in the ruins of the first mania, waiting for the next generation of crypto winners to rediscover why digital trophies mattered in the first place

🔍 Worth reading The key distinction is no FTX/Luna-style crypto blowup this time This is macro pressure testing BTC’s structural levels 200W SMA holds and the bounce case stays alive

👀 SPCX IPO tomorrow could quietly become bullish for BTC My theory: Early SPCX profit takers won’t fully de-risk to cash They’ll rotate from the IPO momentum trade into oversold BTC, where sentiment is washed and liquidity is deeper If SPCX opens hot, BTC may be next to catch the risk-on spillover

Always good to zoom out to the basics Given enough time, Bitcoin will be proven as the apex asset

🔥 @NeoTokyoCode Lore Series: Unpacking the Genius of the Neo Tokyo Membership Brand 🗄️ Today’s Topic: The Codex was never just pre-mint content It was the first scripture of the city "We didn't end up going to Mars We ended up going into a computer" –Codex : Story Of Earth 1.1 That line still does more work than most project manifestos And one word matters Into Not toward a machine Not aided by a machine Into it Neo Tokyo was never framed as a place humanity discovered It was a place humanity escaped into Earth had already failed The old systems had already collapsed The future was not some clean rocket launch toward a brighter planet It was stranger than that Messier More desperate The species did not ascend into space It uploaded itself into the machine That is the core wound sitting underneath Neo Tokyo lore The city is not utopia It is refuge It is backup civilization It is the Citadel after the world outside became unlivable And once you understand that, citizenship hits differently “Citizens dreams are realized by how they multiply with the forces of time [we lived] and [were issued]” –Codex : Story of Earth 2.3 A Citizen is not just a wallet with an asset A Citizen is someone who made it through the filter Someone who found a way into the system before the doors closed The early Codex posts gave the city its rules before most people even knew what they were looking at Signals hidden in public Clues scattered through feeds and videos False paths Half answers Pressure Confusion Attention as a survival trait The hunt was not separate from the lore It was the lore made physical If Earth is collapsing and the Citadel has limited capacity, then of course entry should feel hard Of course the path should feel unfair Of course the people who make it in should feel like they crossed a threshold, not like they clicked mint on another drop That is why the Codex still echoes in the streets of the city Every puzzle Every signal Every "Game On" Every Citizen who remembers chasing fragments through the noise It all points back to the same root idea Neo Tokyo is a city for those who can read the machine before the machine explains itself That’s been the DNA from day one Not hype first, lore later Lore as the operating system 🗼 Grand Rising

🔥 The best Bitcoin take I’ve heard this week: > “The AI trade is like a vacuum that’s just sucking up absolutely everything” > “Once you get these IPOs going live… the numbers are so far off making sense” > “Generally speaking, there’s a hero IPO, and that’s the genesis point of the beginning of the end of the bubble” Then the real question: Where is Bitcoin in that moment? > “It’s going to be the most under-owned, forgotten asset of all time” Everyone assumes that when the AI bubble cracks, Bitcoin gets dragged down with everything else But @_Checkmatey_ flips it: > “People are like, ‘when the bubble finally cracks, Bitcoin’s going to get taken down to zero’ > Dude, no one’s going to own it > Who’s going to sell it at that point?” That’s the key Bitcoin isn’t just being sold It’s being ignored And time pain does something very specific: It flushes out everyone who needed Bitcoin to move now > “I don’t buy Bitcoin for the swing trades… it’s my longest-duration asset” Then comes the point: > “Everyone assumes the alligator jaws close by Bitcoin going down and stocks going down as well > No > They close because Bitcoin’s forgotten, and then suddenly it’s the only thing in the room that’s moving” The whole market is being trained to chase whatever is hot > “The system incentivizes people to chase the hottest thing all the time and forever” > “Everyone has become the fast money” So when the AI trade finally gets too crowded, what happens to that fast money? And where does it go if Bitcoin has already been abandoned by the tourists? > “I can’t imagine Bitcoin is going to be a heavily owned, heavily-for-sale asset when it’s all said and done” > “We’re in the process of flushing them out as we speak > That is what this process is: time pain” That’s the setup Not Bitcoin as the crowded trade Bitcoin as the forgotten trade Until suddenly, it’s the only thing in the room that’s moving x.com/TFTC21/status/20640306…

🚀 Before Chasing the SpaceX IPO, Understand the 3 Camps Fighting Over the Trade The SpaceX IPO debate is not really about whether SpaceX is a great company ☑️ It is The real debate is whether public investors are getting: 1. A generational entry 2. A hype-priced liquidity event 3. A better opportunity by waiting That is the actual fight 1. The scarcity bull case This camp says SpaceX is too rare to over-optimize > Reusable rockets > Starlink > Defense > Direct-to-cell > Starship > AI/space infrastructure > Elon execution premium The argument is simple: Assets like this almost never hit public markets Ron Baron’s bull case is probably the cleanest version of this view: > Starlink could be worth trillions > SpaceX could become a $10T company > And he says he has a $1B IPO order 🔗 x.com/saylordocs/status/2063… 2. The “don’t FOMO IPO day” case This camp is not necessarily bearish on SpaceX They just think IPO day is usually the worst moment for retail to chase The logic: > First-day excitement > Huge media cycle > Retail demand > Institutional allocation > Early price discovery > Lockup risk later All of that can create a bad entry even for a great company This post captures the cautious version well: 🔗 x.com/danielisdizzy/status/2… > Amazing company > Potentially bad timing Both can be true 3. The valuation skeptic case This camp says the IPO may already price in years of perfect execution > Starship success > Starlink margin expansion > Subscriber growth > Regulatory wins > Defense demand > No major launch failures > No serious competition > No Elon discount That is a lot to bake into day-one pricing The harsher version of this view is that SpaceX may become a market-structure event, not just an IPO: 🔗 x.com/alanthefisher/status/2… Whether you agree or not, it shows the bear case forming around forced buying, index demand, and peak-narrative valuation 4. The TSLA side thesis There is also a separate angle building around TSLA Some investors think TSLA is the liquid way to play the broader Elon ecosystem before SpaceX trades Others are speculating about a future SpaceX/Tesla merger or acquisition structure That is much more speculative But it is clearly part of the market conversation now: 🔗 x.com/DeItaone/status/206432… The key distinction: SpaceX IPO = direct bet on SpaceX fundamentals and valuation TSLA = indirect bet on Elon ecosystem reflexivity, liquidity, and optionality They may trade together emotionally But they are not the same asset 5. My neutral take: SpaceX may be one of the most important companies of this century But “generational company” and “great IPO-day buy” are not automatically the same thing The best analysis is probably not bull vs bear It is timing vs valuation vs conviction So what is your move? A) Buy IPO day B) Wait 1 week C) Wait 3 months D) Wait for earnings / lockup pressure E) Play it through TSLA F) Avoid until valuation resets

🔥 @NeoTokyoCode Lore Series: Unpacking the Genius of the Neo Tokyo Membership Brand 🗄️ Today’s Topic: One of the most underrated Neo Tokyo brand mechanics is the Elite Code hunt Neo Tokyo did something most NFT projects never even attempted It made the lore feel operational Not just backstory Not just cyberpunk copywriting Not just “worldbuilding” dropped into a Discord announcement Hidden signal Clues Huntable artifacts Citizens combing through old lore for years because the city implied there was still something buried inside it 👀 Legend has it there are 30 Elite Codes hidden across Neo Tokyo lore When an Elite Code is solved, it can unlock an Elite, ultra-rare Citizen ID NFT A prime example of a solved code: 🔗 x.com/neotokyocode/status/16… And the search has been going for more than 4 years That matters Because the best lore-native brands do not only tell you what the world is They make you participate in proving it exists Neo Tokyo understood that early A code is not just a code It’s a reason to reread old messages A reason to archive screenshots A reason to ask older Citizens what they remember A reason for new Citizens to realize the city has history beneath the surface That is the difference between an art collection with lore and a brand with mythology Most projects publish a story and hope people care Neo Tokyo hid keys inside the story and made Citizens care enough to search One of the core tenets of the Neo Tokyo ethos is: “The Games will never end” That is why the city still has signal Not because every answer was handed down cleanly Because some of the map still feels unfinished And in Neo Tokyo, unfinished does not mean forgotten It means the game is still alive 🗼Grand Rising

🔥 @NeoTokyoCode Lore Series: Unpacking the Genius of the Neo Tokyo Membership Brand 🗄️ Today’s Topic: The Neo Tokyo Vault Card NFT is one of the cleanest examples of membership mechanics manifesting as lore Vaults aren’t just “Part 2 of the NFT Set” Citizens earned Vault Cards after registering a score from a game of Kong Climb in October 2021 Your performance in the event affected the stats of the Vault Card you received The plot twist was a clue, “Don’t be average” So those who scored lowest and highest actually received better Vaults 🤦🏻‍♂️ I didn’t catch the meaning of the clue so I was average lol Gameplay became allocation, rewarding the tormented Season One souls who deciphered the game-master’s clues Allocation became identity Identity became economics And economics became lore Vaults carried claimable $BYTES They have Credit Yield tiers They have Credit Supply Amounts Some have “additional items” for added collectibility Some were opened Some stayed unopened All had hidden land minting implications And unlike the other core Citizen components, Vaults were optional for full Citizen upload at first Which made them even more interesting You could be a Citizen without one But having one meant your Citizen carried another layer of history, $BYTES yield, and hidden state This is the part people still underrate about Neo Tokyo The brand has never just been cyberpunk art plus Discord access The brand is a city where events, assets, scarcity, token mechanics, and memory all feed into each other A climb became a vault A vault became $BYTES $BYTES became the city’s economic language And the Citizens remembered “The Citadel Has Witnessed” 🗼Grand Rising

👀 AI Topic of the Day Anthropic just dropped a mind-blowing AI research update Their internal data shows Claude Mythos Preview achieving 52x speedup on AI training optimization tasks That's up from 3x just one year ago with Claude Opus 4 More striking: Claude now improves on human researcher decisions 64% of the time, up from 22% in 2024 Success rate on open-ended coding problems jumped 50 points to 76% in six months Anthropic engineers are shipping 8x more code per quarter than their 2021-2025 baseline This isn't incremental improvement It’s the first credible public evidence that AI-assisted AI development is approaching recursive self-improvement And it's happening faster than the labs expected What this means for builders and investors: Model development cycles are compressing exponentially 6-month AI roadmaps are already obsolete Enterprises need infrastructure for continuous model swaps, real-time evals, and rollback Frontier labs with the best AI-assisted research workflows will pull ahead faster than anyone priced in The gap between leaders and followers is about to widen dramatically Hold on to your hats folks

Bored weird take but I’m gonna say it anyway I’m sure everyone has their strong opinions rn or, understandably, you’re indifferent But we’ve never even pushed through the accumulation band since early 2022 I’d say the sentiment rn is far worse than the FTX crash This feels apocalyptic everyone-is-leaving kind of bottom It’s been a grueling war of attrition on even the most faithful of crypto believers So in situations like these, imo, you either quit your bitchin, sell all and bail, or double down and accumulate more If you believe Bitcoin will survive this and go on to pump again someday, the relative bargains in this range will feel legendary Of course no one wants to hear any of this, and I fully understand why But these are the “buy the dip” moments that no one wants to buy when it actually dips Just saying, if you believe in counter trading your emotions, maybe it’s time for a gut check Those who have followed me for quite some time also know that I advocate for a diversified portfolio One in which crypto is a smaller experimental bet, and within that, BTC is the bulk of the portfolio But to me, Bitcoin is still the most interesting and morally superior asset I could ever think of owning For me, I own it and DCA it weekly more as an F U to the system which is literally pissed that it exists Jamie Dimon cussing out Brian Armstrong on air last week is a key case in point The banks, including central banks, actually hate you BTC is your best protest, just purely on principle My weekly BTC DCA is my quiet middle finger to the banks and the establishment of “accredited investors” and inside traders Yeah, I was bored, and felt like posting my weird take haha but these are my honest thoughts Hold fast Or leave We can still be friends either way 🫡