Bitcoin explodes above $72K in its biggest upside move in years, wiping out a record $2.7B in shorts as ETF inflows return and majors start to lead again. We also cover Treasury stepping in with larger long-bond buybacks, Trump pushing for CLARITY while opening the door to Hyperliquid and U.S. perps, and Elon Musk exploring USDC payouts on X.<br><br>Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin EXPLODES to $72K as Record $3B Shorts Get WIPED

The Wolf Of All Streets

Bitcoin absolutely explodes to $72,000 as Record 3B Shorts Get WIPED, Bears Got Absolutely Wrecked. I'm going to tell you my thoughts on this move, why I've been making hyperbolic titles about Bitcoin breaking $70,000 for the last month, why yesterday we said that we thought that the consolidation was ending right before it happened.

And spoiler, I've been making the case for Bitcoin bottoming since February, and that case has only strengthened with yesterday's move. I'm going to unpack all of that by myself right now and with Mr. Mark Yusko when he shows up because he did accept the invite and he should be the guest today. Let's go.

Good morning, everybody, and welcome to the moon. Wait, I think that's Earth in behind me, but I'm on the moon, right? Wait, I'm on the moon because Bitcoin went to the moon. Apparently now $72,000 for Bitcoin is the moon. To be honest, the moon is like $126,000. But clearly something, something, something happened yesterday and there was a fundamental change. Now, once again, like you can go back.

I'm wrong about most things like all the time. Ask my wife. Good. Definitely ask my mom. But I do get some things right. And I have been extremely, extremely adamant about making the case for a Bitcoin bottom since February. We went down just below $60,000. I said, yeah, we might make some other small lows here and there.

But most likely, most likely, we are now at the point where we will have six to nine months of extreme boredom before something happens. And what will happen next will probably be up. And it's going to be amazing. So I wrote long, I mean, I've written long threads about this.

Bitcoin EXPLODES to $72K as Record $3B Shorts Get WIPED

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Bitcoin EXPLODES to $72K as Record $3B Shorts Get WIPED

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.