My latest thoughts on $BTC, $STRC, and $MSTR with @TheBonnieChang and @davidlin_TV at Consensus 2026. 0:00 - Strategy’s Bitcoin sale controversy 0:36 - Why Strategy may sell Bitcoin 3:12 - “Never sell your Bitcoin” explained 4:40 - How Strategy buys more Bitcoin than it sells 6:33 - Michael Saylor’s Bitcoin accumulation philosophy 8:04 - Using Bitcoin liquidity and market arbitrage 11:14 - Responding to Ponzi scheme criticism 13:32 - STRC trading patterns and Bitcoin buying 15:05 - What really drives Bitcoin’s price 17:58 - Bitcoin, macro risks, and Fed policy 19:43 - Bitcoin as digital capital and digital credit 21:52 - Strategy’s dominance in preferred stock issuance 23:09 - AI, digital credit, and Bitcoin’s future 24:36 - Saylor’s childhood inspiration and MIT story

A day after this earnings call dropped the bombshell announcement that @Strategy is prepared to sell #bitcoin#, we sat down with @saylor in an in-depth interview to reveal why and their next moves. INTERVIEW OUT NOW: Michael Saylor: ‘We’re Prepared To Sell Bitcoin' - Historic Move Revealed @TheBonnieChang

I spoke w/ @davidlin_TV on why Iran will be hard to beat: "Iran is using Muhammad Ali's rope-a-dope strategy. They've taken a pounding and when the giant is exhausted, they'll land the knockout blow. Iran can do that with its control over 2 of the world's 8 key chokepoints."

Spirit Airlines shuts down today. ""All Spirit flights have been cancelled, and Spirit Guests should not go to the airport," the company said. The company failed to secure a $500 million bailout from the govt. after fuel costs surged

I spoke w/ @davidlin_TV about China’s control over replacing US munitions: "The US weapons cupboard is bare. Restocking these weapons requires many critical materials, & 95% of those materials come from China. To replenish US munitions, the US needs permission from Xi Jinping."

Had a timely & lively discussion with @davidlin_TV yesterday immediately following #FOMC# mtg Thank you, David! Implications of 3 region bk Pres dissenting -- most dissents since 10/1992, outlook for #Warsh# @federalreserve

Two economists just published a mathematical proof that AI will destroy the economy. Not might. Not could. Will — if nothing changes. The paper is called "The AI Layoff Trap." Published March 2, 2026. Wharton School, University of Pennsylvania. Boston University. Peer reviewed. Mathematically modeled. The conclusion is one sentence. "At the limit, firms automate their way to boundless productivity and zero demand." An economy that produces everything. And sells it to nobody. Here is how you get there. A company fires 500 workers and replaces them with AI. A competitor fires 700 to keep up. Another fires 1,000. Every company is behaving rationally. Every company is following the incentives correctly. And every company is building a trap for itself. Because the workers who were fired were also customers. When they lose their jobs faster than the economy can absorb them, they stop spending. Consumer demand falls. Companies respond by cutting costs — which means automating more workers — which means less spending — which means more falling demand — which means more automation. The loop has no natural exit. The researchers tested every proposed solution. Universal basic income. Capital income taxes. Worker equity participation. Upskilling programs. Corporate coordination agreements. Every single one failed in the model. The only intervention that worked: a Pigouvian automation tax — a per-task levy charged every time a company replaces a human with AI, forcing them to price in the demand they are destroying before they pull the trigger. No government has implemented this. No major economy is seriously discussing it. Meanwhile the numbers are already tracking the curve. 100,000 tech workers laid off in 2025. 92,000 more in the first months of 2026. Jack Dorsey fired half of Block's workforce and said publicly: "Within the next year, the majority of companies will reach the same conclusion." Nobody is doing anything wrong. Companies are following their incentives perfectly. That is exactly the problem. Rational behavior. At scale. Simultaneously. With no mechanism to stop it. Two economists built the math. The math leads to one place. Source: Falk & Tsoukalas · Wharton School + Boston University ·

My latest conversation on The David Lin Report is now live, and we went deep on questions that keep me up at night. We covered: - Universal High (not Basic!) Income and Elon Musk's recent push for it - Tech sector layoffs and what they signal about the broader labor market - The risks of "Mythos AI" by Anthropic - Humanoid robots entering the workforce Watch the full interview here: @davidlin_TV

Great interview with David Lin on earnings, risks, gold, and special situations while I was traveling to a credit conference this week. Will have a more detailed called with individual picks next week in our discord. @davidlin_TV