Strive CEO Matt Cole describes what he believes could be a grand slam setup for Bitcoin: "I think we're set up for a structural decline in the dollar, more similar to the 80s or the early 2000s, which would be something that's never happened in Bitcoin's history." "This last week, Bitcoin broke out pretty definitively, in my view, versus the dollar... but also versus gold, which to me says it's reclaiming its role as the fastest horse that it should be." "I think this could really be a bull market for the ages for us."

Dante pulls the stat that puts this year in perspective. Bill Miller, whose father was one of the earliest investors in Amazon, on the math: this year's US budget deficit alone is bigger than Bitcoin's entire market cap. Not the debt. Not a decade of deficits. Just this year's shortfall out-values every Bitcoin that exists. 👀

Hurley connects a law nobody's watching to a tweet nobody flagged. The Treasury Secretary can revalue America's gold with a signature. It's still on the books at $42 an ounce from 1971. Real price is over $4,500. Every $4,000 gold moves is another trillion dollars Bessent can create without new taxes or new debt. Late August, on his own account, he wrote that Treasury is exploring budget neutral ways to buy more Bitcoin. That's not a coincidence.

We’re so back

Dante pulls the number that stopped him mid-scroll. Jordi Visser on the past few days in Bitcoin: "This is a seven sigma week. There's only been three in the last decade greater than five." And the Clarity Act hasn't even had its vote yet. 👇

Rustin pulls up the receipts on Elizabeth Warren's anti-crypto army. She declared it in February 2023, when Bitcoin was $24,000. Bitcoin is $78,000 now. Up 3x since she declared war. Her bill died. Her army never showed up. 👇

Vitamin ₿ #Bitcoin

JAMES LAVISH: "The US Treasury can't refinance $15T of debt at 5%. That would be catastrophic. So, what would they do? They would go out there and buy them instead. That's yield curve control. That's the expansion of the money supply." Dante breaks down why this is the trigger for the next Bitcoin cycle. 👇

Hurley pulls the quote everyone's repeating this week. Raoul Pal on the Treasury doubling its bond buybacks: "The extra dollars are small. The signal is enormous." He's calling it the Bessent Put. The Fed didn't blink first this time. The Treasury did. 👇👀

Steve Keen called 2008 years out. Now he says the private debt unwind ahead is bigger: a depression, 1929 or worse. Rustin ties it to what's happening right now: the yen carry trade unwinding, the Treasury buying back its own bonds, Bessent quietly talking about marking gold to market. Samson Mow's answer to where it ends: rebase the dollar to one satoshi. 👇

No one can stop what is coming. Bitcoin 🐂

Dante digs up the clip of Paul Tudor Jones laying out the loan the US government asks every bondholder to sign. "You've lent me $700,000. I want to borrow $40,000 more every year for the next 30 years. Then I'll pay the whole thing back." "Would you lend me that money?" "Unlikely." That's the deal Washington needs every buyer of a 30 year bond to take.

SCOTT BESSENT: "Treasury is moving quickly to implement the GENIUS Act to cement the role of the U.S. dollar as the world's reserve currency." Posted yesterday. Hurley's explains how the same act meant to save the dollar is what builds the rails for the neutral reserve asset that ends up replacing it.

Tether just passed the largest financial audit in stablecoin history. KPMG verified $6.8B more in assets than liabilities, and physically inspected every one of its 150 tons of gold. The company sitting at the center of global stablecoins, Dante points out, isn't picking a side between Bitcoin and gold. It's holding both. 👇

MICHAEL SAYLOR: "Money is energy. Bitcoin is digital monetary energy." Rustin points out Saylor published that essay on the exact 55th anniversary of Nixon closing the gold window. 👀

JPMorgan just increased its Bitcoin ETF position to $356 million. UBS grew its own Bitcoin ETF holdings 230% this year. Dante's point: none of this buying is retail. It's happening while the price sits near its lows, not after it moves.

Nolan Bauerle breaks down the Yen carry trade unwind and what it could mean for Bitcoin: "The Bank of Japan is going to have to adapt its balance sheet... They're going to have to have hard collateral on that balance sheet because the Yen won't work anymore... Their government debt won't work, and then buying American government debt won't work." "Everything here in this story is actually pulling Japan towards Bitcoin in the long term."

MICHAEL SAYLOR: "The people that shouldn't buy Bitcoin are people that need the money back in 12 weeks." Hurley pulled that from Saylor's answer to who shouldn't own it. The guy running the biggest Bitcoin balance sheet on Earth naming the honest exception.

There are plenty of fish in the sea, but not a lot of bitcoin.

CPI printed 3.4% yesterday. Rate hike odds dropped within minutes. Same week, Larry Fink said Wall Street needs trillions more dollars. Trump Media quietly added another 4,600 Bitcoin. Rustin doesn't call that a coincidence. 👇