Bitcoin is down, but that doesn’t mean it is broken.
@jvisserlabs explains why the recent volatility tells you everything you need to know. https://t.co/5Oizg7mdgw
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Great investors buy things that are unpopular and wait for them to come back into favor. The two most unpopular trades right now are bitcoin/gold and the AI barbell. I explained this morning in the Pomp Letter:
This week @jvisserlabs and I break down the $6 billion Binance hack, what it means for bitcoin, and the rise of AI-driven cyber attacks. We also discuss Anthropic’s S-1, Microsoft’s 60,000-person buyout offer, Eli Lilly’s record quarter, interest rates, the AI bubble debate, and
I sat down with @polinapompliano to break down Bitcoin’s sell-off, why the bear market may be over, and why AI’s abundance makes scarce assets like bitcoin more valuable. We also discuss the Anthropic IPO, the man with power over Anthropic’s board, kung fu robots, AI psychosis, a