Ladies and gentlemen… hold on to your butts. It’s starting to feel like we’re entering the global melt-up phase. The core of the Bitcoin thesis is simple: nothing stops this train. Governments are drowning in debt. The only way out is to print more money and pay it back with devalued currency. And in the face of that reality, there’s only one rational move: convert your hard-earned fiat into scarce assets. For generations, people turned to stocks and real estate as those scarce assets. And right now, both are booming. The S&P 500, the world’s most competitive index, has hit over 40 all-time highs in 2025. Across the Pacific, Japan’s Nikkei 225 just surged 4% to a new record as incoming Prime Minister Sanae Takaichi promises to weaken the yen and delay rate hikes. It feels like you're getting rich, until you realize the truth. These assets aren’t exploding in value. The dollar is imploding. The dollar is having its worst year since 1978. Everything comes down to the denominator. Since COVID: • In USD terms, the Nasdaq 100 is up 165%, the S&P 500 up 102%, and U.S. home prices up 56%. • In gold terms, those shrink to +7%, +18%, and -37%. • But in Bitcoin terms, the true measuring stick, the Nasdaq is down 78%, the S&P down 84%, and home prices down 87%. That’s the reality JPMorgan is now calling the Debasement Trade. Gold has been shining lately, but the real winner is Bitcoin. If you’re new to Bitcoin, don’t worry, you’re not too late. Wall Street is just waking up to what early adopters already know. Bitcoin is the key to maintaining purchasing power as governments debase their currencies. The tsunami of money printing has only just begun. Protect yourself. Protect your family. With the only financial asset on Earth that is absolutely scarce: Bitcoin.
DEBASEMENT TRADE WINNER: BITCOIN Since 2020, US home prices have soared over 50% in dollar terms according to the Case-Shiller Index. But when measured in Bitcoin, they’ve collapsed by 90%. image
Galaxy users can now buy bitcoin right from Samsung Wallet, no extra apps needed. The deal even throws in free Coinbase perks and $25 for first-time traders.
🚨 GLOBAL MELT-UP INTENSIFIES 🇯🇵 Japan’s NIKKEI opens up +3.3% as the election of a new Prime Minister implies weaker currency and delayed rate hikes. image
NEW: Signal says it will leave Europe rather than comply with the EU’s proposed mass-surveillance law. The law would force messaging apps to break encryption by installing scanners inside private chats. Signal president Meredith Whittaker said the app will never compromise user privacy to satisfy government demands. image
The S&P 500 has doubled since 2020, but priced in Bitcoin, it’s down 88%. Join 28,000+ readers getting our latest insights straight to their inbox by signing up for our newsletter below. Then tune in at 11 am ET as Rob Wallace and bam break it all down on stream.
CNBC is now doing live Bitcoin chart analysis, calling for a strong Q4. New all-time highs are here and retail is still asleep. We’re going higher.
NEW: Kevin O’Leary warns that Bitcoin mining and AI data centers are locked in a power struggle as U.S. electricity grids face growing shortages. With surging demand from AI, O’Leary says there’s little power left on the grid. Analysts predict AI will outpace Bitcoin mining in energy use by 2030. 🤖⛏️ image
NEW: Arthur Hayes warns that France’s deepening fiscal and banking problems could trigger a Eurozone crisis. In his essay “Bastille Day,” Hayes argues that rising deficits, reliance on foreign lenders, and capital flight signal looming capital controls and a potential return to a weaker national currency. 🇫🇷💶🇪🇺 image
NEW: MARA Holdings produced 736 Bitcoin in September 2025, bringing its total holdings to 52,850 BTC. The company won 218 blocks during the month, despite a rising global hashrate for Bitcoin. ⛏️ image