Last cycle there was no fundamental reason to hold SOL, but also no reason to hold anything else. So people bought lots of SOL Now there’s still no reason to hold SOL, but there are reasons to hold other stuff (revenue & buybacks). So now people have to sell the SOL they bought for no reason in the past to go buy the good stuff. $25

Tulip King says he'd rather have ThreadGuy with 50,000 live viewers than diversify by adding other creators. "One of the decisions we made early on that I'm incredibly happy with was actually to have an extreme focus on ThreadGuy" "I would so much rather ThreadGuy have 10,000 live viewers, 50,000 live viewers, 20 million impressions a month. I'd way rather that number go up huge" "We keep coming back to 'we can grow ThreadGuy as big as we believe the potential is'. The outcome is just so phenomenal"

Bad money creates opportunity for new money. Bitcoin would not exist in a world where USD was sound and there wasn’t financial repression With context, the weaknesses of Bitcoin (Quantum, Privacy, Security Budget) creates opportunity for new crypto-moneys. Your base case should be that new moneys like Zcash and Pearl don’t flip Bitcoin and the best they can hope for is to compliment it BUT, we’re still on the frontier of money. I don’t think it’s unreasonable to believe that the current uncertainty in Bitcoin means the optionality value of this new crop of moneylike cryptoassets is underpriced. Study them and put on some hedges or revalidate your singular conviction in Bitcoin And to clarify, Bitcoin is still my largest holding. I think it’s still really underowned within the crypto twitter crowd of active traders. Especially since the US Treasury Secretary is currently staring down a bond crisis straight to the face My positions in Zcash and Pearl are truly zero or hero. If they hit (zec $1t, Pearl $20b?), I will be paid fantastically. If they don’t zero, I’ll be totally fine

Tulip King says scaling one show is more profitable than launching new ones because viewership can 100x without increasing costs. "The beauty of a content business is that the economics scale phenomenally. We can 10x or 100x our viewership without 10x-ing or 100x-ing the spend" "The show becomes higher margin, more profitable, the bigger the singular show gets. If we introduce other smaller shows earlier in their cost economics, we're breaking down the unit economics" "Maybe there's more dollars in the door, but the quality and the amount we stand to capture decreases"

We get a lot of people asking us about the business side of stream and how we've built Threadguy up: how we run our operation, our perspective on sponsors and content, what we think of the algorithm, etc I think this is really cool peak behind the curtain of how these businesses run. I hope you enjoy it

Big day for $LLY holders: In about an hour Eli Lilly's appeal in the Chichago Seventh Circuit will be held about Retatrutide. TLDR: Eli Lilly wants to classify reta as a biological product rather than a peptide (longer patent, more pricing power, etc...) but they don't fit the exact definition. So they're arguing the FDA definition of a protein/biologic is arbitrary, which it kinda is [anything longer than 40 amino acids (which is definitionally just a random line in the sand)]. After the arguments are made we'll get an initial impression from the judges before a final decision to be delivered some months from now. If it goes their way this will be very very bullish for Lilly and another win in their aggressive legal campaign to corner as much of the weight loss market as possibl

Anthropic: our AI will literally kill you Meta: awe look at how cute the lil guy is, did you know he can talk with a cowboy accent? Have a rootin’ tootin’ day I think I know who is going to win

Tulip King reveals why modern audiences demand to see you risk your own money in the markets. "I watched Andrew Ross Sorkin on the All-In podcast, phenomenal interviewer, phenomenal show host, and he doesn't trade. His money is just in ETFs which from his perspective as a journalist gives him neutrality" "I see that other side of it, but I would never be able to keep myself from trading and being in the thick of it" "I think the modern audience of young, hungry Gen Z to younger millennials want the authenticity. They want to see you make money, they want to see you lose money. They take it way more seriously to see you in the game with everybody else"

Zcash exists in this tiny little grace period where it’s allowed to roll out new privacy tech, quantum resistance, and some scaling solutions before it has to ossify itself (required imo to one day flip Bitcoin [if ever]). All formally verified ofc, how lucky are we?

Tulip King explains why $ZEC outperforming $XMR is a signal worth respecting, even if you disagree with the market "It's less that the market is always right. It's true that the market is the only thing that pays, but it's more so that it's signal. I think Zcash versus Monero is a great example of this. I bull posted Zcash a lot because I love it, and I always get the Monero maxis in my replies. It's this back and forth debate. I always feel kind of like a dick when I reply, well, look at the price." "Why does Zcash outperform Monero? If you look at my Twitter I was actually an XMR bull before Zcash, but Zcash performed in price. That woke me up to re-rate my assumptions and build conviction. Okay, that must mean the differences between Zcash and Monero, which I thought were bearish for Zcash, are actually bullish. So why?" "Maybe they've done all this research and think, there's just this thing the market isn't pricing, I'm going to average in more. I hope if that's the case, they get paid for it. I truly do. But humble yourself before the market a little bit. Take that signal seriously."

I worked for AMD for a while right at the start of covid automating testing systems for GPU design validation and I can confirm Lisa Su is a generational talent. Two specific memories come to mind: 1. Right as covid hit AMD implemented a dedicated budget for all employees to get the best wifi equipment possible and covered additional spend for ALL employees to be on the best internet plans available. The rumor was that she was on a zoom call with her executive team and somebody else on the call kept clipping in and out because their kid was doing zoom school too. She instantly recognized it must be like that for the entire company and pushed this through financing immediately In hindsight this was an obvious smart move and many other companies did a home office type of budget but I think the nuance is that Lisa locked tf in on the root issue of connectivity, moved faster than anybody else, and was able to connect her lived experience to the entire company. She should get even more credit for specifically running the budget mostly uncapped because she wanted the best for the company, not just pencil pushing. Many CEOs would've never made this association to their entire company 2. At this time AMD CPUs were finally starting to catch up to and surpase Intel CPUs, a decade long grind for the company. As you can imagine, the AMD company store where employees could buy AMD products at a discounted rate was completely sold out but it was not restocking (this was also during the general chip shortage) In a company all hands an employee asked her what the plan was to get it restocked. It was a fair and resonant question because everybody at the company was rightfully proud of the work they'd done to get here. Lisa responded with something along the lines of "I know we all want to play with these new products ourselves but we've been behind Intel for a decade and we're now finally catching up. Our goal right now is to get this new generation of products into as many hands as possible, we will not be restocking the store until supply is back to normal" Wow. It's not easy to deliver news like that to an employee in front of literally the entire company (obviously she did it incredibly nicely and sympathetically) but it showed how locked in she was and how she would not lose sight of the task at hand. More than that, it completely bought everybody in the company back into the grind. There was no time to rest on our laurels, jobs not finished I learned so much at AMD from my team and even from the little times we'd get to hear directly from leadership, I'm forever thankful for the time I spent there. Lisa is the goat, long live AMD

I think this is the worst possible psychology you can bring into this current cycle. DO NOT pattern match too hard to last cycles where everything pumped. The last "everything goes up" cycle was 2021, if you've been paying attention the market has been getting smarter In the '24 cycle there was no Dogecoin, Cardano, Algorand, etc... all time highs. Ethereum and Solana *barely* set a new ath for just a moment Compare that '24/'25 performance to money making projects like Hyperliquid and good money projects like Bitcoin and Zcash that did set new relevant all time highs - projects which are continuing to show strength I get that crypto has been insane in the past, everything pumped together, there were no fundamentals, so you might as well go as far out on the risk curve as you can stomach buying beta. But genuinely for all our sakes I hope and believe those days are gone, they were never gonna last forever in the first place. We're better off for it