$110,000 AMERICAN DOLLARS PER 1 BITCOIN. | mikealfred on Binance Square

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$110,000 AMERICAN DOLLARS PER 1 BITCOIN.

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Woke up this morning pretty bummed. Trump’s need to be the main character only got us down to the high $106s. Bitcoin just isn’t dumping like it used to and I’m deeply concerned we will never buy sub $100k corn again. Also, I’m hearing they will run out of new corn by 2138. Sad.

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“So these kid analysts are selling Bitcoin based on macro and lines on a chart just before we fund the Strategic Bitcoin Reserve and pump the price to $200,000. Hilarious, right?”

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I have long ago informed kid analysts that there will be no sustained bull market in levered beta or other derivatives of Bitcoin without significant participation from Bitcoin infrastructure companies. If that is not the case, no go. Thank you for your attention to this matter.

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EVERY single spare or idle megawatt in the United States will be used for AI and Bitcoin compute over the next 5 years and we're still short 50 GW (GIGAWATTS!!). Coreweave's 3x in 1 month is just the appetizer. Every company controlling high quality compute will re-rate massively

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Long weekend. Not insignificant possibility of a major move up in Bitcoin during that window. Should see some short covering in Bitcoin proxies as today progresses towards the close. Think about it: do you want to be short a miner with an AI deal imminent when BTC breaks $112k?

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