Words genuinely cannot describe how excited I am for the next 2 years.
Swing longs. Continuation longs. Range longs... $BTC
After spending the last 9 months positioned as a bear, I’m more than ready for the other side of the cycle.
An asset can only fall 99.9%.
We’re already seeing clear divergence in seller strength.
Sellers are gradually losing momentum. 2 months left.
HOW MUCH DEBT?
FYI: In 2008, just before the GFC: (Great Financial Crisis) the US debt was approximately $9.5 trillion.
Today, just as US Bonds are crashing, US Debt is approaching
$39 trillion.
Q: If you spent $1 a minute how long would it take you to spend $1 trillion?
A: 32,000 years.
The US Governent is printing $1 trillion approximately every 90 days.
Q: What do you plan to do?
A: Save $?
That is why in Rich Dad Poor Dad, one if rich dads 3-rules of $ was:
“The rich do not save money.”
Since 1965 I have saved real silver.
Since 1971 I have saved real gold.
Since 2012 I have saved Bitcoin.
Since 2022 I have saved Ethereum.
My gold and silver are saved in Swiss vaults outside of Switzerland because the US has been known to make owing gold illegal and confiscating it from private citizens.
That’s what I have been doing.
What are you doing?
Please take care. These are chaotic times in world history.
$BTC: Report of the Century:
Today I am making one of the biggest announcements since I sold the top in September 2025. I am taking profit on every single crypto short. The Bitcoin short built between $115,000 and $125,000 is closed now with a gigantic gain. The $80,500 short, built between $79,000 and $82,000, is closed with another massive profit. The 100+ altcoin shorts I opened over the last several months are also closed, locking in another enormous win on top. The time of drinking tea is over. Congratulations to everyone who ignored the noise, trusted the framework and followed me from September 2025 until today.
Buying Bitcoin Spot:
For the first time since September 2025, I am buying Bitcoin spot again. Today, I entered at $64,000 for the absolute long term. For the first time since 9 Months I am buying Bitcoin for the long term! It is the beginning of a structured accumulation strategy, and I will execute it with the same discipline that allowed me to sell the top.
The Accumulation Strategy
Everyone who followed my strategy at $115,000–$125,000 remembers exactly how it worked. Every day Bitcoin traded inside that zone, I sold 10% of my spot position and added shorts. I did not care whether BTC was at $116,000, $120,000 or $124,000. Now I am doing the exact same thing in reverse. Every day Bitcoin remains between $54,000 and $64,000, I will buy 5% of my allocated capital in spot Bitcoin. Not 10% this time, but 5%, because I want to spread the accumulation across a wider period! If Bitcoin stays at $62,000, I buy. If it falls to $58,000, I buy. If it drops to $56,000, I buy. If it wicks into $54,000, I become more aggressive. If it returns to $64,000, I still buy. As long as Bitcoin remains inside this zone of 54-64k I am buying every day with 5% of my entire capital limited to 20 days.
The Technical Zone and Sentiment Shift
The legendary weekly MA200 sits in this region and is now being tested from below. Bitcoin already reached the lower section of this area last week. The top of the 2024 consolidation box also aligns with it. More importantly, sentiment has completely flipped. And I need to say, there are more bears, much more bears than bulls outside, and I dislike being one of many. The same people who were screaming for $150,000 at the top are now desperately waiting for $40,000. X is flooded with targets of $50,000, $45,000, $42,000 and $38,000. Retail is once again standing on one side of the boat, convinced the market owes them the perfect entry.
Front-Running the Herd
Since I announced the 50-40k region as my deeper bear-market target, most of crypto X has copied the same narrative. They copied everything, The market is not blind. The market knows retail is sitting in cash waiting below $50,000. They know people are terrified to buy at $64,000 because they have convinced themselves they will receive Bitcoin at $40,000. I am not going to stand behind the herd and beg the market for the same price as everyone else. I am front-running them. And the next that is following is also going to increase the price and so on, and the chain will be continued and those who are waiting for lower can stay there waiting forever.
Just because the four-year cycle worked at the top does not mean it will work at the bottom. Right now, everyone is waiting for September or October as if the market has already programmed the bottom into the calendar. Do you understand how insane that is? Ask anyone when they plan to buy and they will tell you September or October. Ask them why and they will repeat the same answer: because of the four-year cycle. That is the 1+1 herd behavior. What if the real cycle is not exactly four years? What if it is three years and nine or ten months? What if the market bottoms before the date the entire crowd is waiting for? Bulls are waiting, bears are waiting, and everyone is using the same indicator to justify the same timing. That alone shold cause panic to all waiting for the 4 years cycle to happen. Markets do not reward the masses for memorizing a calendar. I am betting against the four-year-cycle bottom. It is not happening. The bottom comes earlier.
The Structural Shift Around Bitcoin
The deeper reason for the change is not technical. It is structural. The environment around Bitcoin is shifting at a speed most people still do not understand. Regulatory clarity, tokenization infrastructure and institutional adoption are all moving forward at the same time, and the legal framework being built right now has the potential to unlock trillions of dollars of institutional capital that has been sitting on the sidelines or parked in the stock market waiting for certainty. Combine that with Coinbase's institutional buildout and BlackRock's fully operational ETF ecosystem, and we are no longer looking at the same Bitcoin market that existed six months ago. The CLARITY Act could go through on August 10 depending on the Senate, and that is not a small event. There is a reason the entire world is now racing to regulate crypto with full speed.
BlackRock, Vanguard, JPMorgan, Goldman Sachs and the New York Stock Exchange are already inside the DTCC live tokenization pilot. Microsoft shares, SPY, QQQ and US Treasuries are being tested as tokenized securities right now, with the official launch planned for October. Stocks, ETFs and Treasuries are moving on-chain, and the largest institutions in the world are adopting blockchain rails while retail is still debating whether the bear market is over. On top of that, Citadel just invested $400 million directly into Crypto.com at a $20 billion valuation. The biggest players are deploying capital now, at scale, before the crowd understands what is happening. The infrastructure is being built directly in front of everyone, and I move my capital when the biggest capital in the world starts moving, not after
In Regards of the Stock Market Crash:
I am keeping every single SP500 short open. Bitcoin and the stock market are not the same trade, and they are not at the same point in their cycle. The crypto bear market began in October 2025 and continued for nine months while the stock market refused to fall. Bitcoin dropped 52% from 125k to 60k. In the same window the SP500 made new all-time highs. Crypto has already been repriced while stocks remain over valued. Therefore there is a very high probability that the Crypto Market will benefit from a Stock Market crash, as profits will move from over valued assets into under valued assets, and in times of Tokenization Hype, Stablecoin talk and the Clarity Act, these funds will very likely move into the Crypto Market.
One More Thing: I called 40-50k as the target and I was clear about it, I called 60k when Bitcoin was at 120k, and at 60k I said 40-50k is coming, But when the entire crowd on X starts waiting for the exact same level, the market almost never delivers it. Six months ago nobody was calling for sub-50k. Today every single account is. That is exactly when the target gets taken off the table. I now believe we will not see 40-50k at all this cycle. The setup that would have delivered that level is dissolving in front of the tokenization revolution, the CLARITY Act, and the biggest capital in the world moving in. Changing my view when the facts change is what a good trader should do. It is exactly why I made massive profits shorting from 120k, and it is why I am accumulating now while others are still waiting for a bottom that will not come the way they want it.
That is why I am buying now. The crowd has become aggressively bearish and the conditions required for a much deeper collapse are beginning to weaken in front of the regulatory and tokenization revolution. I would rather begin building a position before the crowd understands the shift than chase Bitcoin after confirmation at much higher prices. Buy earlier before the mass starts to understand.
Bitcoin zu produzieren kostet aktuell 49.000 Dollar. Nur der Strom.
Das ist keine Chartlinie. Das ist Physik.
Das Modell von Capriole misst seit 2013 die reinen Stromkosten, um einen Bitcoin zu schürfen. Die rote Linie im Chart. Aktueller Stand: 49.000 Dollar.
Warum diese Linie so hart ist:
Fällt der Kurs darunter, verliert jeder Miner mit jedem geschürften Coin Geld. Die schwächsten schalten ab. Das Angebot an frischen Coins sinkt. Der Verkaufsdruck von der teuersten Seite des Marktes versiegt.
Der Markt kann unter viele Linien fallen. Unter die Stromrechnung fällt er nicht nachhaltig. In 13 Jahren Modellhistorie hat diese Linie jeden großen Boden markiert.
Der Kurs steht heute bei rund 65.000. Die Stromkosten bei 49.000.
Dazwischen liegen 25 Prozent, die kaum jemand auf dem Zettel hat.
Ein Boden ist kein Gefühl. Ein Boden ist ein Preis, bei dem Verkaufen teurer wird als Halten.
$BTC potential bottom at $60K, just look at this chart.
@grok can you paint a red arrow where you think BTC will go from here into 2029.
Chart from my secret quant Dorkchicken.
Read my book, Freedom of Money. From my childhood to founding Binance, challenges we faced, wandering the Earth, stories (from my perspective) about Luna/UST, FTX/SBF, dealing with US DOJ, SEC, going through jail (as the only person in US history to ever go to jail for a single violation of BSA), then full and unconditional pardon, and more...
Audiobook: audible.com/pd/B0GZ4MS1QL
English: a.co/d/08NMxBOH
Chinese: a.co/d/01f7iQTn
All proceeds go to Charity.
First IRL book signing event in Dubai soon. Due to limited physical books available, will make the first event a small one.
I gave you the level 78.3k - i gave you the small rejection (blue) at 78.3k - i also told you the next move up will be aggressive.
Approx. 86k maybe in one daily candle.
BTC had 4 green weeks. Allow BTC a small retracement before BTC makes you happy.
Again: The bottom is in. Ignore the noise.
Patience and trust the process
BIG day for #Bitcoin coming up to the MACRO .382 resistance around $79k-$81k. We WILL see a strong reaction at this level!
The RSI on mid-term TFs is already showing a bearish div- this should continue to print bearish during this next push up to resistance- meaning it should NOT affect the RSI or push momentum up any further.
After #BTC reaches resistance, I'm still expecting a large drop down to at LEAST the macro .5 at $64.5k and then still likely targeting lower support levels around $52k. I'll keep you updated as it develops!
I have been asked by several people what I meant when I said “we are in a world war” in my most recent note. To be clear, I didn’t mean to convey that I expect a shooting war between the U.S. and China (or any of the great powers) anytime soon. What I meant is that we are in the phase of the Big Cycle when major powers are in military wars and that the various wars happening now are interrelated, hence we are in a “world war," with the sides lined up as I described and with the implications for each of the main players and the whole unfolding in relatively classic interrelated ways that I describe as a progression of the Big Cycle.
For example, it is now widely believed that if the U.S. fails to open the Strait of Hormuz to have free shipping and to protect its Gulf Allies from attacks, countries all around the world (most importantly in Asia) will conclude that the U.S. might not be the strong ally and countervailing force to China that they thought it would be. which will lead some to tilt economically and geopolitically more toward China in a number of ways - e.g. to buy less U.S. debt (which is what happened to the British in the Suez Crisis, bringing about the ultimate end of their Empire) - and it could lead others to build up their military capabilities. As I complete my nearly three-week trip in Asia, I can convey that what I am saying is based on a lot more than conjecture.
The reason I do not expect a U.S.-China military war soon, but I do expect a lot of brinksmanship, is because both nations realize that such a war would be devastating and that it would be impossible to fully win over the other, at the same time as they won’t want to give much. Also, each country believes in its own economic and political systems and that the outcomes of those systems will determine their relative powers. And both nations have critically important domestic issues to deal with. Some people in leadership positions, especially in China, believe that the relative health, wealth, and power levels between countries is not as important as their own absolute health, wealth, and power levels, and that helping each other build these rather than tear them down is most important. For example, they believe that the world will be a dangerous place if the U.S. and China don't have AI cooperations and controls, and they are concerned that AI can be weaponized. Most countries know that most wars in history were won by one of the sides secretly developing new technologically advanced weapons and showing them to their opponents.
So, I believe that both sides think that their wars will be non-military wars that will yield evolutionary changes in relative powers. As for how the Chinese will fight, and how the world order related to it will evolve, it will probably look more like the type of war described in the “Art of War” (which I suggest you read if you haven't), and for how the new international world order will evolve, to the extent that it is influenced by the Chinese, it will evolve to be more like the tribute system (which I suggest you understand if you don’t) than the existing world order.
At the same time, I expect that there will continue to be trade, capital, technology, cyber, and geopolitical influence wars between these great powers and that both will continue to have justifiable fears of being cut off from essential goods, services, and capital that will necessarily will greatly reduce imbalances and interdependencies as well as efficiencies in production and trade of goods, services, and capital. I also believe we will increasingly see these two powerful nations pressure each other because there is no other way to resolve disputes now that the rules-based multilateral world order has been replaced by a power-based, self-serving world order.
Said differently, I expect that China will be very strong in its defense without being very aggressive in its offense. That is not just for tactical reasons; it is also because China has strong cultural inclinations to be that way.
I hope this is helpful in clarifying my thinking and as always I'd be happy to answer any other questions or hear your thoughts.
Ray
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