Bull Case
WH Economic Adviser Miran: We don't see higher consumer prices over extended time.
๐จStephen Miran's nomination for a position on the Federal Reserve Board of Governors was advanced by the Senate Banking Committee with a vote of 13-11.
[Fed independence risk is bullish crypto, BTFD!]
[Fed independence risk is bullish crypto, BTFD!]
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Bull Case
๐จWHY STABLECOIN ISSUERS HAVE EFFECTIVELY BECOME SIFIs (exclusive analysis by @bullcase) The GENIUS act makes holding a regulated stablecoin safer than keeping dollars in a bank through the following provisions: 1) Requires stablecoin issuers to hold an officialโฆ
๐จAlabama senator warns GENIUS Act's loophole could trigger $6.6T deposit outflow from small banks. Incentives to withdraw funds or close accounts at small community banks in the state would decrease their ability to offer loans.
[A lot of liquidity is about to flood crypto through stablecoins thanks to GENIUS and there is nothing anyone can do to stop it. BTFD and borrow on Aave if you must!]
[A lot of liquidity is about to flood crypto through stablecoins thanks to GENIUS and there is nothing anyone can do to stop it. BTFD and borrow on Aave if you must!]
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๐จFollowing today's mostly in-line CPI report, BoA & Goldman updated their PCE estimates.
*BoA: August core PCE at 0.23% m/m, down 4bp from initial 0.27% estimate. y/y at 2.9%.
*Goldman: August core PCE +0.20% m/m (down 10bp from initial 0.30% estimate prior to today's CPI report). Y/y at +2.92%.
Numbers don't lie, there is not much for the FOMC to fret about when it comes to inflation.
[Jet fuel incoming, BTFD!]
*BoA: August core PCE at 0.23% m/m, down 4bp from initial 0.27% estimate. y/y at 2.9%.
*Goldman: August core PCE +0.20% m/m (down 10bp from initial 0.30% estimate prior to today's CPI report). Y/y at +2.92%.
Numbers don't lie, there is not much for the FOMC to fret about when it comes to inflation.
[Jet fuel incoming, BTFD!]
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๐จAccording to the 2025 Goldman Sachs Family Office Investment Insights report, the percentage of family offices invested in cryptocurrencies has increased from 26% in 2023 to 33% in 2025. Actual allocations remain small, grouped within the โOtherโ category.
[GENIUS fixes this, BTFD before family offices start bidding!]
[GENIUS fixes this, BTFD before family offices start bidding!]
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Bull Case
๐จWRESBAL (the reserve balances of commercial banks held at the Fed) dropped another $43B this week, to $3,181B. This brings total outflows from the Federal Reserve to $217B since July 16, when CPI came in hot and, as BofA noted, provided ample evidence thatโฆ
๐จWRESBAL (the reserve balances of commercial banks held at the Fed) dropped another $21B this week, to $3,160B.
WRESBAL outflows will accelerate when the Fed starts cutting rates next week.
[$3tn are about to flood markets and go risk on, BTFD!]
WRESBAL outflows will accelerate when the Fed starts cutting rates next week.
[$3tn are about to flood markets and go risk on, BTFD!]
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Bull Case
๐จUS bankruptcies hit decade high recession levels in 2025, driven by poor corporate liquidity, inflation and tariffs. Industrials and Consumer Discretionary (non-essential goods and services) led filings through June. -S&P Market intelligence
๐จTricolor Holdings files for bankruptcy in Texas. Tricolorโs bonds were rated AAA 2 months ago by Kroll Bond Rating Agency (July โ25). Today they plunged par to 78ยข, with lower tranches to 12ยข.
[The Fed will have to cut more than you think, BTFD before crypto explodes!]
[The Fed will have to cut more than you think, BTFD before crypto explodes!]
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Bull Case
๐จWRESBAL (the reserve balances of commercial banks held at the Fed) dropped another $21B this week, to $3,160B. WRESBAL outflows will accelerate when the Fed starts cutting rates next week. [$3tn are about to flood markets and go risk on, BTFD!]
๐จGoldman: Major central banks are cutting rates from their cycle peak, but yields are still rising.
This is what happens when you cut rates with high inflation, the liquidity freed up from Central Banks doesn't go to buy Treasuries but flows into gold, bitcoin and riskier assets down the risk curve to hedge against inflation.
[The inflation hedge trade is about to send crypto ballistic, BTFD before everything blows up!]
This is what happens when you cut rates with high inflation, the liquidity freed up from Central Banks doesn't go to buy Treasuries but flows into gold, bitcoin and riskier assets down the risk curve to hedge against inflation.
[The inflation hedge trade is about to send crypto ballistic, BTFD before everything blows up!]
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Bull Case
Altseason Index is at 20. Historically, levels this low have signaled strong buying opportunities for altcoins.
๐จAltseason Index: 78.
Days above 75 (current streak): 2 days
Average alt season streak: 17 days
Longest alt season streak: 117 days
[Alt season has just begun, BTFD before everything moons!]
Days above 75 (current streak): 2 days
Average alt season streak: 17 days
Longest alt season streak: 117 days
[Alt season has just begun, BTFD before everything moons!]
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Bull Case
๐จWHY STABLECOIN ISSUERS HAVE EFFECTIVELY BECOME SIFIs (exclusive analysis by @bullcase) The GENIUS act makes holding a regulated stablecoin safer than keeping dollars in a bank through the following provisions: 1) Requires stablecoin issuers to hold an officialโฆ
๐จTether launches GENIUS compliant USAโฎ stablecoin project, names former Trump crypto adviser Bo Hines as CEO
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Bull Case
๐จGoldman: Major central banks are cutting rates from their cycle peak, but yields are still rising. This is what happens when you cut rates with high inflation, the liquidity freed up from Central Banks doesn't go to buy Treasuries but flows into gold, bitcoinโฆ
๐จFitch downgrades France's "AA-" rating to "A+" citing political instability.
[This adds more fuel to the inflation hedge trade. Load up spot before big money floods crypto!]
[This adds more fuel to the inflation hedge trade. Load up spot before big money floods crypto!]
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๐จAltseason is intensifying: the gap between open interest between BTC and altcoins has just reached a new record high.
When institutions or whales buy spot, they hedge with futures pushing up the OI.
[This is evidence that institutions have been buying alts. Load up before everything goes ballistic!]
When institutions or whales buy spot, they hedge with futures pushing up the OI.
[This is evidence that institutions have been buying alts. Load up before everything goes ballistic!]
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๐จThe IRS reportedly moving toward near-real-time crypto monitoring by combining 1099-DA exchange reports, John Doe summons results, and blockchain analytics to create continuous financial profiles.
*In the last parabolic bull year, 2021, the IRS reported $3.5B in crypto related seizures driven largely by John Doe summonses alone.
-sauce
[For this year they're going to confiscate 100x times that. Load up spot before big money floods crypto!]
*In the last parabolic bull year, 2021, the IRS reported $3.5B in crypto related seizures driven largely by John Doe summonses alone.
-sauce
[For this year they're going to confiscate 100x times that. Load up spot before big money floods crypto!]
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Bull Case
๐จYOU ARE NOT BULLISH ENOUGH: DXY down, gold ATH, uncertainty index higher than during Covid, trade war escalating, short term inflation expectations UP, EMs imploding, China easing and dumping USTs to keep the Yuan afloat, EU easing, the Fed about to easeโฆ
๐จIn 2016โ2017, Ethereum formed a classic bear trap before soaring to new ATHs. Now in 2024โ2025, the chart shows a very similar setup. [We told you at the pico bottom and we're telling you again now, BTFD!]
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