Bitcoin Breaks $84K as ETFs Pull In $550M in Two Days

Bitcoin ripped back above $84,000 on $549 million of ETF inflows in two trading sessions and $50 million in leverage shorts wiped out in 24 hours, and the crew digs into whether this is the real breakout or just a hormonal teenager phase. Joe brings fractal charts comparing this setup to 2022 and late 2019 and calls for a brisk walk to 100K after midterms, while the gang tears into JP Morgan's new decade-long forecast naming Bitcoin the best performing asset of the next ten years, even though the bank still won't put it in its own model portfolios. In this episode: • ETF inflows push Bitcoin above 84K, with chartists calling it a confirmed breakout and Joe debuting his homemade Bitcoin terminal • JP Morgan's decade-ahead forecast names Bitcoin the top performing asset but excludes it from model portfolios, plus the contradictory stance on debasement • Fidelity and Bank of America's small-allocation research and whether pensions and sovereign wealth funds will follow JP Morgan's lead • Anthropic's reported 80 billion dollar loss, AI debt issuance, Google's record bond offering and the growing talk of government backstops for data centers • The economics of AI subscriptions, why frontier labs are racing to cut token costs, and new assistant agents like OpenAI's dot and Anthropic's Duet • The Genius Act, OCC stablecoin rules, the American Bankers Association's pushback, and why stablecoins may force banks to raise yields • Strategy and treasury company talk, including Strive's latest Bitcoin buy, a Clear Street price target on MSTR, and the case for staying long Bitcoin itself • The PHP vulnerability knocking government websites offline across Finland, the Netherlands, France and Canada, and practical security advice on password managers and two factor authentication For the full conversation with charts, terminal screens and all the visual back and forth, check out the video version of this episode. Watch the video version: https://youtu.be/031ks2nfIcw