Jordan Lindsey

🚨 Important Point: Bitcoin Let me remind you again, like I said two months ago. Bitcoin has NEVER had its FULL, complete bull market EVER while the PMI was below 50 the whole time. It's wild that people honestly think Bitcoin will correct 50% from here... It's not 2015, people. We're talking about a completely different asset. Bitcoin also doesn't follow the 4-year cycle. It never has. It has always followed the business cycle, and once again it is. Like clockwork.

Discussed this last week while trading at 13 ounces of gold per bitcoin. Bitcoin bottomed versus Gold. Each bear market this ratio tests the cycle low then sends higher.

The Fed expanded the money supply by nearly $9 trillion under Powell. Inflation has averaged >4% per year over the past 6 years. Powell's explanation? It was nearly all due to rolling “supply shocks" over which the Fed has no control. The truth: this inflation was made in Washington as it always is - from too much government borrowing/spending and too much government creation of money.

Discussed this last week while trading at 13 ounces of gold per bitcoin. Bitcoin bottomed versus Gold. Each bear market this ratio tests the cycle low then sends higher.

What happens after peak market concentration? A lost decade. In 2000, the top 10 stocks made up ~30% of the S&P 500. What followed: 10 years sideways. Brutal volatility. Two crashes. In 2023, we hit the same concentration again. The index isn't diversified. It's a bet on 7 companies. And the passive investor buying an ETF today doesn't know they're making that bet. This is what keeps me awake at night.