Risk On

Longing the market right now is just gambling Usually when you’re seeing a bottom form and some type of volatile recovery, that’s where you can actually capture upside. Events happen, and you have this massive volatility flush where there’s tons of capitulation, volume spikes high, and the recovery happens quickly. It’s very clear that’s not what’s happening. The market is digesting slowly what’s happening. We’re not seeing Bitcoin drop 12% in a day. We saw it creep down as the day went on, as information started to leak out. Big buyers are going to see this and they’re going to watch: “okay, I’m going to wait for the bottom to happen.” That probably means we’re going to see this slow chop, buyers and sellers fighting each other. Then there’s going to have to be some capitulation moment in either direction. Trying to choose what that’s going to be right now… There’s no other way to categorize that as anything other than gambling.

Wood: "I have never in my life once regretted selling anything." “Whatever helps you sleep at night, you should do. If you’re stressed, waking up five times a night checking the price of Pump, sell enough of it where you don’t do that anymore. Go to sleep with a smile on your face.”

Binance Hacked For $6.3B & Druckenmiller Bull Posting HYPE | EP 100 nitter.gq/i/broadcasts/2MEmBlmPW…

Pump is spread thin, and is STONK coming for its spot? ⠀ "I saw the narrative taking place with everyone saying 'fuck you' to Pump. For me, it was just, okay, I think STONK has a fighting chance to take some of that mind share away. ⠀ We trade narratives and stories. The narrative is, 'We don't want PumpFun to win. Solana is not PumpFun. We are more than PumpFun.' ⠀ Right now, Solana and Pump are synonymous with one another, and I think STONK is the best chance to disrupt that. ⠀ Pump has made so many blunders that it's like they're giving it to STONK."

Chamath Says BTC Goes To Zero, Long Crypto Short AI? | EP 99 ⠀ Links to Spotify, YouTube and Apple Podcasts below 👇

If onchain becomes a casino, own the casino ⠀ "This is the most insane Fortnite-ification I've ever seen of crypto Twitter. ⠀ Even though this is potentially a bit of a cynical, doomer-esque view, to me, it's all bullish Pump. ⠀ Onchain trading becomes more and more unsustainable to actually view as an investment vehicle. It's more gamblified. ⠀ I view holding a Pump position as a hedge on that."

Can Anthropic and OpenAI stay ahead post-IPO, or are Zuck and Wang coming for the lead? ⠀ "I played golf with a bunch of 70-year-old guys the other day, and all they could talk about was the AI bubble bursting. ⠀ I don't think it bursts necessarily. I just think it probably shifts who leads. I don't see Anthropic and OpenAI clinging onto leading post-IPO. ⠀ I think Alexandr Wang and Zuckerberg are gonna figure this shit out. ⠀ Zuck's a fucking shark. He's gonna take everything from everybody. ⠀ I think people underestimate him, and he's hired well. He's hiring to kill."

There’s An AI Agent In Your Bank Account? | EP 98 nitter.gq/i/broadcasts/1RKjpbwYA…