Republic's space investments: 2019: @relativityspace 2020: @SpaceX 2021: @FireflySpace 2023: @K2SpaceCo Today one is public and one is filing for the largest IPO in history.

"I think it's the fourth member of Mount Rushmore in crypto. Bitcoin, ETH, Solana and Chainlink." Matt Hougan (CIO of @Bitwise) explains why the asset most institutions have never heard of might be one of the most important in the entire market. As the man whose job is selling crypto to wealth managers and family offices, Matt sees what the average investor misses. And on @chainlink, he says they miss everything. The lines that stuck with me: "If you talk to the average institutional investor, they've never heard of Chainlink. And if you say the word Oracle to them, they think of the Greek Oracle of Delphi." "Blockchains are going to increasingly interact with the real world. The only way they do that, basically it's like 75% market share, is through Chainlink." "If Chainlink were a software company in a traditional C Corp wrapper, it would be one of the hottest tech plays in the market right now. It would be as hot as Circle." "How do you gain exposure to stablecoins and tokenization? You buy Circle and you buy Chainlink." The reason institutions don't own it yet? It's a token, the tokenomics are evolving, and that complexity scares people off. The ones who take the time to understand it see what he sees. Thanks to @Matt_Hougan for joining me on @new_era_finance.

I sat down with @Matt_Hougan, CIO of @BitwiseInvest, the firm managing $15 billion in crypto assets. He told me the 4-year cycle is self-fulfilling. That Bitcoin holders sold in anticipation of the crash and created it themselves. "You haven't seen anything yet. This is the pregame. The game hasn't started yet." Very pleased to have Matt on @new_era_finance. TIMESTAMPS: 0:00 Introduction 0:38 Why Bitcoin really collapsed 5:16 Paper Bitcoin vs physical demand 7:44 Gold stole Bitcoin's spotlight 9:44 Why gold's rally is actually bullish for Bitcoin 11:40 The 4-year cycle is dead — here's the data 15:07 How institutions invest differently 15:55 Institutions are licking their chops 17:19 Why central banks bought gold (and will buy Bitcoin) 20:52 Stablecoins will onboard billions 24:47 What Trump actually delivered for crypto 28:55 The Genius Act: "You haven't seen anything yet" 30:13 Will the Clarity Act pass? 32:09 Quantum FUD is slowing institutions 36:59 Every AI scenario leads back to Bitcoin 41:03 What will drag us out of this crypto winter 44:30 Is the market undervaluing Ethereum? 47:43 The Mount Rushmore of crypto: BTC, ETH, SOL, LINK 51:14 Best advice for a 25-year-old investor 52:55 How to stay sane in a bear market

BREAKING: $SPCX jumps above $178 with valuation topping $2.3T

To get a sense of scale, here’s how the $85.7b SpaceX just raised compares to what they’ve historically spent on different programs. People aren’t ready for the magnitude of things to come

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I think SpaceX might be able to reach approximately $1T revenue in 2030

NEWS: Prince Alwaleed bin Talal now holds about $5.1 billion in SpaceX shares from bets that started with Twitter in 2011. The Saudi billionaire first backed Twitter 15 years ago. When Elon Musk bought it in 2022, Alwaleed pushed back on the $54.20 price in public, then rolled his roughly $1.9 billion stake into Elon Musk's private company anyway. That bet rode Twitter into X, X into xAI and xAI into SpaceX. The IPO turned it into billions. His Kingdom Holding firm could hold even more. If it kept its shares from the merger, that position is worth about $5.7 billion.

Don’t want it. Either stop this creepy spyware or all Apple devices will be banned from the premises of my companies.

> you’ll never start a rocket company > you’ll never build your own engines > you’ll never be able to use off-the-shelf parts > you’ll never survive three launch failures > you’ll never reach orbit > you’ll never win NASA’s trust > you’ll never launch cargo to the ISS > you’ll never compete with Boeing > you’ll never compete with Lockheed > you’ll never make rockets reusable > you’ll never land a rocket vertically > you’ll never land one on a drone ship > you’ll never reuse a booster > you’ll never fly the same booster 10 times > you’ll never fly the same booster 20 times > you’ll never fly the same booster 30 times > you’ll never recover and reuse the fairing > you’ll never lower launch costs > you’ll never launch every month > you’ll never launch every week > you’ll never launch multiple times a week > you’ll never carry astronauts > you’ll never replace Roscosmos > you’ll never fly civilians to orbit > you’ll never manufacture satellites at scale > you’ll never build the biggest constellation ever > you’ll never make satellite internet work > you’ll never make satellite internet fast > you’ll never make satellite internet affordable > you’ll never serve rural customers > you’ll never serve aircraft and ships > you’ll never build a methane rocket engine > you’ll never make full-flow staged combustion work > you’ll never build the most powerful rocket ever > you’ll never build a rocket bigger than Saturn V > you’ll never build it out of stainless steel > you’ll never launch Starship > you’ll never separate Super Heavy and Starship > you’ll never relight Raptor in space > you’ll never bring Super Heavy back > you’ll never catch a booster with Mechazilla tower arms > you’ll never launch 85% of mass to orbit worldwide > you’ll never change the economics of space > you’ll never force the entire industry to copy you > you’ll never win > you’ll never IPO   Congratulations to @elonmusk and the SpaceX team. You did what countless people said was impossible, and you did it time and time again.   Today is your day. You deserve this. May it be a glorious one.