$SOL to $1T market cap.

Here's why:

🧵 .@solana has found product market fit (PMF) and is now The Chain for Retail™️.

Let me explain.

$BTCUSD just closed Sunday and printed a "Golden Cross," a chart pattern where the 50-day moving average closes up and over the 200-day moving average.

This has happened a few times in #bitcoin's history.

What were forward returns like after they were observed?

🧵 With data going back to November 2014, a handful of Golden Crosses have occurred, with one most recently in February of this year.

I'm not the expert but folks have pinged me about public speaking tips for @SolanaConf.

I've spoken at over a hundred conferences, pitched hundreds of VCs, chatted on dozens of podcasts, and ran a bunch of Board meetings.

Here's what I know

🧵 SLOW DOWN.

Especially if you're giving a technical talk.

The audience is learning from you for the very first time.

You know your shit inside and out and are excited to share.

Speak.

Slowly.

The game is changing for on-chain trading applications starting today.

Say hello to @SeiNetwork. 1/ In the intricate ecosystem of Layer 1 blockchains, Sei emerges not just as another player but as a specialized solution designed for *trading-centric applications*.

On June 15th, @BlackRock, the world’s largest asset manager with nearly $10T under management, filed a #Bitcoin spot ETF with the SEC.

Here’s why this ETF gets approved. Blackrock’s story arc for the past 18 months is the blueprint for the coronation of the banks and asset managers to be crowned digital assets' regulated royalty.

.@naval's tweet about treasuries is not far off from what could happen.

Why would people and companies favor treasuries over a savings account?

Here's why: 1. You can sign up directly on TreasuryDirect.gov and wire money in from your bank directly to it.

A flurry of TD Sequential 9 buys firing today on huge volume and deep wicks.

Not Financial Advice.

Don't be Dumb™️. $BTC 9 buy

This morning I got the same question @mdudas got from a mutual friend about what I'd say to 100 of the world's largest asset managers as to why crypto will be a $10T asset class.

My response was to use "storytelling by analogy."

See below. Remember what music was like in the 1990s? You would go to Tower Records or your local music shop, and buy a CD, in some cases, in an oversized cardboard box, you’d get maybe 12-14 tracks of music, and the cost was around $16.

Let’s clear up some FUD and misinformation on the recent @solana outage. 🧵 Many folks are asserting the outage was due to a spam attack.

This is incorrect.

The outage was due to an extremely rare consensus bug.

Two words that matter the most with the Fed on Wednesday: Dot Plot.

WTF is the "Dot Plot"? 🧵 The Fed's dot plot is a chart that records each Fed official's projection for the central bank's key short-term interest rate.

Today is the day normies learn what the meaning of a "software supply chain attack" is.

This is a major issue for ALL developers, not just @solana.

web2 has had massive security breaches and exploits due to supply chain attacks.

What is a supply chain attack? Attackers hunt for unsecured network protocols, unprotected server infrastructures, and unsafe coding practices. They break in, change source code, and hide malware in software build and update processes.

Many of you who may not be super technical have been asking me about the congestion on the @solana network and if the Devs Can Do Something™️.

Of course, they can and they are - first up is QUIC.

WTF is QUIC?

Let's discuss... QUIC is a general transport layer invented by an absolute gigabrain from Google, Jim Roskind who also wrote the origin Python profiler.

In a nutshell, a profiler is a tool that devs use to make their code run faster and more efficiently.

en.wikipedia.org/wiki/Jim_Roski…

The Board takes the view that blockchain technology has the potential to disrupt both existing financial and technology industries, similar to the manner in which mobile internet has disrupted the PC internet and many other offline industries.

www1.hkexnews.hk/listedco/listc… “The Board believes that the blockchain industry is still in its early stage, analogous to the mobile internet industry in circa 2005.”

Bottom. Rates down, VIX down, stocks down.

This is the opposite of nearly every day the past 2 weeks.

Gamestop is only the beginning.

Posit: if K-Pop stans can shut down trending topics at will, imagine what happens when they join the Reddit Army against Wall Street Suits.

bit.ly/gamestop-sunda… The #silversqueeze is the next example.

Silver dealers are likely massively naked short and are scrambling to not get run over.

https://twitter.com/QTRResearch/status/1355898843485724673

Damnit, am I really gonna have to write a post on what a gamma squeeze is? Welp I guess there's demand for it.

Wow.

https://twitter.com/JohnStCapital/status/1355612053730447362

This is how the system is rigged.

The elites aren't even trying to hide it.

Robinhood, who's revenue is largely tied to Citadel, restricts trading in $GME, $AMC, and $NOK.

Users can only sell, not buy.

seekingalpha.com/news/3655535-w… Jeffries is restricting trading in the most shorted stocks group (source to be added).

This pretty much sums up the WSB Reddit Army defending $GME. And here's @chamath explaining it to the suits...

The most astounding stat from AWS this past week is that nearly half of new apps built inside Amazon were deployed to AWS Lambda in 2020.

Half.

That is dogfooding on a massive scale and is setting the stage for an entire generation of "serverless developers". If you take what Amazon has done historically with their tech, they dogfood it first and expose it as a service second. This also applies to non-tech like their last mile shipping capabilities offered to marketplace customers.

"...this is the end of the capital markets as we have known them."

-- Bob Rodriguez. “With the initiation of the Fed’s complete takeover and control of the US financial economy, there is now absolutely no accurate pricing discovery in the capital markets and we have entered a period of total manipulation.”

No one wants to admit it but there was a bailout to some of the nation's biggest hedge funds this week.

Credit books and risk parity shops would have nuked the markets further unless Mnuchin stepped in with the Fed. In 2008, it was Bear Stearns and Lehman.

In 2020, it's monster hedge funds you won't see on TV but believe me, they got smoked this week and if it wasn't for another round of socialism for the rich, the markets would be much lower.