BITCOIN BREAKS $79,000#CryptoTownHall

“The headlines are because we have an indefinite ceasefire, in Iran, which blows my mind. But good, I guess. I don't want more war, obviously. I don't think that's the reason necessarily, but would love your guys' opinions. I think we had very clear evidence on chain that huge whale wallets were selling in massive clips all the way down from the all time high into the sixties, and then last week, there was a report that over the previous thirty days, we had the largest inflow to those wallets.”

“Institutional demand has been picking up. You saw trading company numbers, right, MSCR numbers. You probably saw those ETF inflows. They picked up to the highest level since January 2024, and, like, the cumulative number year to date is at the highest level. Cumulative net inflows into all Bitcoin AGPs at the highest level. So that's picking up.”

“When they go negative, which is rare and this negative, you generally see a short squeeze because somebody can literally go in and say, I'm going to just squeeze these shorts. I can see them right there. They're there for the taking. I think it's more that and not Iran headlines. These shorts are piling in, which means that this squeeze, at least to this price, was very obvious.”

“We have the New York attorney general suing Gemini and Coinbase for prediction markets, but, seriously, not anyone else who's offering prediction markets in New York, just the two crypto companies because, of course. Then, of course, we have Kalshi and Polymarket launching perps. Not just crypto perps, but, apparently, you'll be able to trade on prediction markets with 10 x leverage.”

“I'm a libertarian. I deeply believe that people should be able to use their money for whatever they want, but that doesn't mean it's a good thing that they'll be able to gamble with 10 x leverage on literally anything. And it is a 100% gambling. And every time you see gambling reach a fever pitch like this historically, it is the top when people are the most desperate and the most economically frustrated.”