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What's going on with this dog of a dog of a an asset? Breaking news. Bitcoin falls below 72,000 as over 230 million worth of leveraged longs got liquidated in 60 minutes. Bitcoin is dog with fleas. That's what he said. Make sure you watch today's whole video. I'm going to update you on what comes next for crypto. And the Clarity Act is now up on the hill and I think it has bipartisan support and actually why you should be buying here. ETH has the most economic and intellectual density and the most Lindy effects.
Guys, smash the like button. Subscribe to Altcoin Daily for daily updates. We are the largest crypto community in the world. Bitcoin is crashing while every other asset on Earth rallies. Since October of 2025, every major asset on Earth is up, while Bitcoin is down almost 40%. In fact, Bitcoin has fallen out of the top 10 largest assets in the world. Either something is broken at the core of the crypto market or this is the biggest coordinated manipulation that crypto has ever seen. The stock market bull run in full effect. And it seems like the only thing that could stop this huge run in AI and tech stocks is if they announce Bitcoin or Ethereum plans.
Haha. What really happened October 10th, 2025, the day that some people are saying crypto died? It is undeniable that something broke on 1010 cryptos 911. In fact, according to top prediction markets, there is now a 53% chance Michael Sailor's strategy sells some of its Bitcoin by the end of June. Do you think Sailor sells some of their Bitcoin in the next couple of months? I think crypto today is a huge buying opportunity very similar to November, December, January of 2018, 2019. This is the consolidation/calm before the storm. I do think where we are today is very similar to Bitcoin right back here. If you remember near the mid to end of 2018, you know, sentiment was just god awful during this time and then we had a capitulation of 50% and then many months of just
grinding. So many people said one more leg down, but we were just in grind mode, an accumulation right here and eventually a pop up. I think it's very similar to what Bitcoin was doing in 2025, just grinding, people hoping it's going to go up. Instead, we dropped straight down. Everybody's waiting for that next leg lower. I think we're in grind mode right here, especially because 2025, 2024, we didn't have that big of an expansion like we did in 2017. So, I think Bitcoin, Ethereum, Salana, so many other cryptocurrencies are buys right now. Anthony Pompiano did a great job explaining what's going on in the market, why Bitcoin is underperforming. What I think people have to realize is that AI stocks are
flying and everyone is chasing momentum and it's hitting all-time highs. Usually the thing you want to be buying is the thing that's out of favor that's going to come back in favor. Bitcoin at some point is going to come back. What's going on with this dog of a an asset? Bitcoin is dog with fleas. That's what he said. All right, I got a great stat for you guys. So if you go back on one year timeline, two years, 3 years, four years, 5 years, all the way to 10 years, every single year on that timeline, gold has outperformed the S&P. And why is that important? Because if you go back over a five or 10 year time frame, Bitcoin and gold on the compound growth rate has been significantly outperforming. Now, the reason I bring
that up is because we usually think of gold as not being super volatile, and we think of Bitcoin as being very, very volatile. But over these long time periods, what we find is that these assets actually do better than what are supposed to be the productive stocks. Now, that doesn't make investors feel good because Bitcoin hasn't been doing very well over the last two years. So, what I think people have to realize is that while AI stocks are flying and everyone is chasing momentum and it's hitting all-time highs, usually the thing that you want to be buying is the thing that's out of favor that's going to come back into favor. And so, the big question is if you think about Bitcoin,
is the US government going to stop printing money? If they do not start printing money, which I don't think they're going to stop, right? That means that Bitcoin at some point in the future is going to be back. It'll be the pretty girl at the bar again. Catalyst. Not to mention Fidelity, one of the largest traditional finance and investment firms in the USA and around the world. Fidelity putting out reports saying Bitcoin is entering its era of scarcity. Five companies now hold nearly 1 million versus less than 1 million remaining to be mined. Supply and demand in full effect. I'm Zach Wayright, research analyst with Fidelity Digital Assets, and this is Chart Chatter.
Today, we're going to be talking about Bitcoin entering an era of scarcity. Let's dive right in. Here we have a good example of Bitcoin scarcity playing out over time. Five public companies now hold nearly 1 million Bitcoin in total. By contrast, there is less than 1 million Bitcoin remaining to be mined. This speaks to the scarcity dynamics of Bitcoin that are unfolding over the years. And if this trend continues, we could see 2 million Bitcoin held by this cohort by Q2 2029. In contrast, there would be about 500,000 Bitcoin remaining to be mined at that time. So, the supply and demand dynamics of Bitcoin are changing. And if you want to learn more, you can go to fidelity digitalassets.com
and learn more about this era of scarcity that we are entering. So, Bitcoin really only needs two things to happen for it to come roaring back with a vengeance. Bitcoin could rally to 100,000 if rates are cut very low. And two, Clarity Act passes. That's literally all it would take. I'll tell you what, it does seem like the president, the White House, Congress, the politicians at large are doing everything they can to try and push the Clarity Act over. In fact, in the last 24 hours, President Trump posted two bullish statements about crypto. He literally said, "I will never let crypto down." Unfortunately, crypto dumped down immediately after he posted, but he's been posting about crypto quite a bit.
We know that market structure will get passed. Builders will come back. Innovation is staying on shore. Crypto is becoming part of the US financial system. This is exactly what a new bull cycle is built on. And to their credit, the SEC chair Paul Atkins, the Financial Services Committee at large, they're all publicly signaling their support to pass crypto market structure clarity act. Just today, Treasury Secretary Scott Bessant urges Congress to pass crypto clarity. He says, "The most important thing we can do is make digital assets come into the United States, make the US the home. I would encourage the House
and Senate to get clarity done. Love to see this." This administration's been very clear there will be no central bank digital currency which I think the is would be the first step toward tracking. So we have taken that off the table. We've passed stable coin legislation with bipartisan and the clarity act is now up on the hill and I think it has bipartisan support and the most important thing we can do is to make digital assets come into the United States. make the US the home, our regulation, our best practices are what will ensure good standards for these. When you look at digital assets, all the nonsense that happens, all the things you read about, that's because it's the wild west offshore. So, we got to
bring it on shore. So, I would encourage the House and the Senate to get clarity done. I'm hugely bullish on Ethereum right now. Let me tell you why. Breaking news. SoFi launches SoFi USD on Ethereum, the first stable coin issued by a US nationally chartered bank. I'm bullish on Ethereum right now because there is now 9x more EAT shorts than longs. A bounce in Ethereum makes sense here. Financial giant Standard Charter is now comparing Ethereum, where it is today, to Amazon during the 2001 dot bubble burst, saying Ethereum will catch up to internal metrics like Amazon did. If you only watch one twominute clip today,
watch this two-minute clip. Raul Paul explaining the bull case for Ethereum today. And how I think about it is there's some pretty easy bets to have. You can just own Bitcoin. It'll work. It's not going to zero. Adoption over time goes up. ETH. ETH is the most lindy out of the smart contract platforms. I've grouped the smart contract platforms that I think matter here because I've done a lot of work on these. And ETH has the most economic and intellectual density and the most Lindy effects. There's more developers, there's more protocols, there's more layers, there's more use cases, there's more users, there's more DeFi. Everything on ETH. This is why the financial system is likely to adopt EVM,
ETH and layer 1's as its core because it has all the proven elements that are necessary. It's super secure. It's never gone down and all of the things that we know. Great. ETH is great. Salana, a newer upcoming um token, obviously came uh last cycle. It outperforms because it's newer, but is also solving for one of the key components, which is it's fast. It's it's faster and cheaper. So, it's fast, cheap, and secure. And so, that opens up many new cases that didn't exist on ETH and even don't exist on ETH layer ones. Layer 2s. ETH layer 2s tend to not acrue as much value as layer 1's. Layer ones are the protocol layer. This is the infrastructure layer for the
internet. This is the infrastructure layer of where AI meets the internet. It's the global coordination layer. This is why layer ones are so important because they are the infrastructure of the future and everything gets built upon them. There are so many reasons to be bullish on crypto. We update you on everything going on, good and bad, on a daily basis. If you're looking to take your crypto journey seriously, subscribe to Altcoin Daily, the largest crypto community in the world. See you tomorrow, my
