Syz the moment

And that's assuming that gold prices stop going up. Source: J.C. Parets @JC_ParetsX

Source: Spencer Hakimian @SpencerHakimian

Source: Vivek

(As of July 9, 2025) USD: −92% S&P 500: −83% Nasdaq 100: −82% Gold: −84% Crude Oil: −86% Median Home: −89% Avg. Wage: −89% Big Mac: −90% MSTR: +188%

Bitcoin ETFs, whose collective U.S. launch in January 2024 was one of the most successful ETF debuts in history, still represent the largest holders of bitcoin by entity with more than 1.4 million coins held today, representing about 6.8% of the fixed supply cap of 21 million. Public companies hold about 855,000 coins, or about 4%. Source. CNBC

▶️ Corporate treasuries have surpassed ETFs in bitcoin buying for a third consecutive quarter as more companies try to benefit from the MicroStrategy playbook in a more crypto-friendly regulatory environment. ▶️Public companies acquired about 131,000 coins in the second quarter, growing their bitcoin balance 18%, according to data provider Bitcoin Treasuries. ETFs showed an 8% increase or about 111,000 BTC in the same period. ▶️Public company bitcoin holdings increased 4% in April, a tumultuous month after the market was rocked by President Donald Trump’s initial tariffs announcement, versus 2% for ETFs. Nick Marie, head of research at Ecoinometrics, suggested that 10 years from now, there probably won’t be so many companies committed to the bitcoin treasury strategy. Firstly, he said, the more that enter the category, the more diluted the activity at each firm becomes. Plus, bitcoin may be so normalized by then that proxy buyers are no longer constrained by rules and mandates around direct exposure to bitcoin. Source: CNBC

Prepare accordingly. Source: @CarlBMenger

Blackrock makes 0.25% fees on their IBIT ETF. That currently translates to $184 million in annual revenue (just for custody) and it's based on AUM (assets under management.) Source: Bloomberg