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BREAKING: Bitcoin reclaims $64,000 after the White House confirms the U.S. strategic Bitcoin reserve, and Trump says he is a "Big Fan of Crypto." $360 million in short positions were liquidated today.

A mild morning.

🚨 The man who predicted the 2008 crash just bet everything that AI is the biggest bubble in history. The man who predicted the 2008 crash is now shorting Nvidia, Tesla, Caterpillar, and the entire semiconductor ETF. He is betting on a 30-40% crash by March 2027. Here is what he is saying: The companies actually spending on AI, Microsoft, Amazon, Google, and Meta, are barely up this year. The chip companies selling to them are up 200 percent. Someone is paying the bill. Nobody spending the money is getting the return. The Philadelphia Semiconductor Index is now trading 65 percent above its 200-day moving average. The last time this reading was hit was March 2000. The dot-com bubble popped two weeks later. Semiconductor valuations are at a 30x forward P/E. The top of a 15-year range. The AI token expenditure index, which tracks what users actually pay for AI, doubled between 2025 and May 2026. It has since dropped 20 percent, AI pricing power is already cracking. Burry also warned that the hyperscalers are understating their depreciation costs by $176 billion between 2026 and 2028. When that comes due, it hits Microsoft, Amazon, and Google earnings at the same time. His words: "The AI narrative is nothing more than mass addiction. The end is nigh."