Ryan Kankowski

$AXTI probably closes above gold. Then can start looking for BDs next week. Mountain also turning green again...

Bitcoin has a huge problem that nobody talks about. Is everyone ignoring it on purpose? Possibly. But bitcoin’s fundamental thesis has changed drastically. The hard truth? 21 million is no longer the maximum supply. I’ve been in this game since the Mt. Gox days. We used to worry about exchange hacks. Now? We should be worrying about financialization. If you think bitcoin is purely supply vs. demand, you’re trading a market that doesn't exist anymore. Maxis won’t tell you this, but bitcoin has been fractionalized. Wall Street didn’t buy bitcoin to pump your bags and make you rich lol. They bought it to turn it into a fee-generating instrument, just like they did with gold in the 80s. The paper bitcoin multiplier: In the old days, 1 BTC = 1 BTC. You held the keys, you owned the asset. Today, thanks to ETFs, lending, and the futures/derivatives complex, one bitcoin can support multiple layers of claims and price exposure at the same time. Here’s the idea: 1. The Base: 1 real BTC sits with a custodian (backing an ETF or large holder). 2. The Hedge: Market makers and funds use CME futures/options to hedge that exposure. 3. The Leverage: Traders take perp positions (cash-settled) that multiply BTC exposure without touching spot. 4. The Wrapper: BTC can be locked and tokenized (wrapped) for DeFi yield, creating another claim layer. 5. The Note: Banks issue structured products tied to BTC price/volatility. More exposure, more claims. That’s one coin on-chain. But it’s FIVE CLAIMS in the order book. When supply is elastic (via derivatives), scarcity is irrelevant in the short term. They can print infinite paper BTC to absorb demand, capping rallies and forcing liquidations whenever they want liquidity. This is exactly how they destroyed Gold's volatility. Can it be fixed? There’s only one way to make the 21 Million cap real again. Get your coins off exchanges and take self-custody. As long as your coins are sitting on a centralized ledger, they’re being used as collateral to bet against you. That doesn’t make me bearish long term, because I’ve seen this same setup before. Btw I’ll share a new BTC update very soon, do not miss it. Remember, I called the EXACT bitcoin top at $126k in october. When I start deploying capital again, I’ll say it here like I always do. A lot of people will regret not following me.

Two things I’ll say about this statement from the Patriarchs in Jerusalem that Huckabee is too diplomatic and gracious to say himself: 1) Without the protection of Zionism, they’re dead. Their churches burned, holy sites destroyed, their women raped, and their congregations beheaded by Islamists. 2) The Patriarchs in Jerusalem have openly admitted to cooperating with Hamas and PA propaganda in exchange for protection in Gaza and the West Bank. They know Israel’s protection is unconditional, but Palestinian protection is conditional on them taking public stances on Israel like this. Pizzaballa admitted this himself. The previous Patriarch, Sabbah, was even worse—a supporter of Palestinian Intifada and a Hamas apologist. This statement must be seen in that context. I wish Catholics and Orthodox brothers I otherwise respect would stop taking statements like this from a heavily compromised church leadership in Jerusalem at face value. In the comments, I will link to an article from a Catholic Journal outlining the Jerusalem Catholic church’s history of corruption and compromise with Islamic terror in exchange for protection.