I've been surprised that the news that Strategy (formerly Microstrategy) bought 3x the total amount of mined bitcoin in the past year didn't cause bigger waves.

A single corporation is issuing debt at 11% interest to buy all the bitcoin being produced and a huge chunk of the additional sales. That's such an obviously precarious situation that I figured the news would cause a crash as people tried to get out of bitcoin before Strategy has to start liquidating, but it looks like there's still some runway left.

I wonder how much of this is investment flowing out of everything and into factories and mining other industries that the current regime is de-regulating.

Outflows into AI. I wouldn’t be shocked if it goes down to $20k soon.