geobit retweeted
the greatest crypto thesis/narrative, and the reason why BTC is at a 1.5tn market cap, is the SoV thesis
there has never realistically been anything close to BTC, but now in the current environment that thesis for BTC is legitimately challenged due to quantum/ai etc
there is quite a clear front-runner right now as the challenger, ZEC (actively solving for and made strides wrt privacy+quantum), which is still just 1.5% of the total mkt cap of BTC
in the land of "big coins" (ignore memecoins/lowcaps etc as those always have different r/r profiles), over the course of the upcoming crypto cycle, i really don't see why you would own anything else, because there is literally nothing else that can challenge that narrative...like the SoV narrative is the ultimate king of everything, and we have a unique situation where there are very legitimate reasons why ZEC can challenge BTC imo
for a bit more context, i faded the entire ZEC move for the best part of a year and just labelled it as a scam/KOL thing in my head, but also never really bothered to look into it much coz i wasn't actively trading or investing - probably one of my biggest regrets coz it's one of those things once u spend a bit of time trying to "get it", you really "get it"
without question, the "thesis" has certainly become much stronger, because what was once prophecies of hacks and exploits due to advances in ai/quantum and general technology, has now become a complete and total reality
recent price action and outperformance also shows you what the market is beginning to appreciate
i often ask myself the question "where do i safely keep my cash?" and for a long time BTC was the answer, but that changed in the past couple of years
anyway this is EXACTLY the type of tweet to cause a local top so i'm sorry about that, but for me this isn't like a quick scalp or a 2-3 week trade, i think this is one i'm gonna wanna hold as the cycle progresses, while trying to rotate more profits into it
if ur hating on it, which a lot of CT does, my only advice is to be honest and ask urself if u actually ever spent some good time trying to think things through and understand it, and if u have then fair enough, but if u haven't then i suggest u do, coz that's what changed it for me
cheers
geobit retweeted
about 2 hours after the blue wave and democrats already throwing out headlines about going after trumps crypto grifts. that was quick.
most likely, a democrat congress means two years of wealth tax talk, talk of billionaires paying their fair share, taxing unrealized gains, etc etc. and it's not a US only thing, every country is running some version of the same conversation about inequality right now.
every one of those headlines is free marketing for encrypted bitcoin (zcash).
and all of that is pointed at a ~20b market cap coin that has been the most reflexive thing in the market the last 12 months. it does not take much money to move it.
i think the narrative keeps building through ‘27 and into ‘28, and no other coin gets this kind of tailwind handed to it.
zec is a store of value, and narrative is what it runs on.
geobit retweeted
my view has been that mkts will rally post midterms due to the cloud of uncertainty being lifted...mkts hate uncertainty
good start to the day but early days let's see
either way seems quite clear this is a bullish outcome for $ZEC
just think this mkt is gonna be very rangebound until midterms
bulls/bears both very loud atm and it's like everyone expects something very crazy to happen...but quite clearly there are deep bids for risk not too far below where we are, and also quite clearly any meaningful rally in stocks/crypto is capped by midterms/anthropic ipo/quantum+ai resistance stuff
i think we just stay in a range for a while until midterms and i think we rally after midterms coz mkts just want some certainty
staying on CT for so long will make ur brain feel like there is a 20-30% move on the horizon every day for stocks/crypto when the reality is that is always a pretty low probability event
geobit retweeted
"it's an echo bubble!"
the last 6 years was an echo bubble
we've been in a bear market for > than half a decade
stick around
geobit retweeted
JUST IN: 🇺🇸 CFTC approves perpetual futures trading on individual US stocks for the first time.
geobit retweeted
Well
Initially planned to buy back a smaller position. But there's only so much $ you can put on the SP500/gold for your retirement before it becomes marginally irrelevant
How do you allocate when you already have everything?
You just push forward with your best idea.
And my best idea is still $ZEC. By a wide margin. Honestly, I struggle to comprehend how the whole market is not reaching the same conclusion yet. And this is where the alpha lies i guess
People have been conditioned for a decade to believe that "you don't compete with Bitcoin". You leave Bitcoin alone, as a special snowflake, and you build other "blockchain" things aside (Defi, L1s, NFTs, launchpads, RWAs, Perps...). And rightfully so. Everyone who tried by the past got burnt hard. You only need 1 digital SoV. One chair if you will
What if this time is different? The leap of faith going from analog SoVs like Gold to Bitcoin was a phenomenal tour de force. What would it take to leap from $BTC to $ZEC? Lindy wise, what is a 7 year difference in the grand scheme of things? Is ossification still a moat in the age of AI and quantum? Isn't privacy worth a shot in a world of govs overreach?
Do you think you'll have many more chances at buying the next Bitcoin in the future? And if you discount everything I said by 90%, isn't 10% of Bitcoin's value a target worth betting on?
It's time to dream again
(chart attached for tactical management)
LGW
geobit retweeted
Midterms are tomorrow
here's what btc did after the last 3, scaled to today's price:
2014: -48% in 71 days → ~$40.5K
2018: -51% in 39 days → ~$38.4K
2022: -15% in 13 days → ~$66.3K
each of those lows was the bear market bottom
a year after the election: +24% / +45% / +92%
geobit retweeted
Last time the market didn't properly sell off after a huge event like this was the FTX collapse
When I saw the lack of follow through then I got giga bullish
And we subsequently went from 16k to 100k
Hard to be bearish here after having been given the same setup yet again
geobit retweeted
ICE and Trade[XYZ] plan to bring Hyperliquid-based perps to the U.S.
Subject to regulatory approvals, ICE will operate U.S. regulated versions of Trade[XYZ]’s markets, leveraging their expertise as the leading deployer of real-world-asset perps on Hyperliquid.
The new venue will operate separately to ICE’s institutional futures franchise and offer a trading experience designed for retail participation.
Once live, U.S. traders will be able to trade 24/7 across a range of assets spanning the macro complex including:
*Crypto
*Equities
*Indices
*Commodities
*Forex
Read more: spr.ly/6010BHq9X8
Users will access the platform through U.S.-regulated FCMs performing KYC/AML screening, including ICE's joint venture with OKX.
ICE and Trade[XYZ] will seek approvals to launch a new market built on Hyperliquid to operate KYC-compliant perp markets, including regulatory approvals to support leveraged trading.
geobit retweeted
NYSE does about 10x more daily trading volume than HL if my numbers correct
NYSE volume probably goes +50/100% in few months opening their markets 24/7
This is the cake Hyperliquid takes, daily volume probably goes up 5/8 times to $100B daily on HL rails
$20M revenue days become the new normal
And thats if ICE is the only partnership of this size, yea we’re going much much higher on this one lads
