JUST IN: Michael Saylor hints at Strategy buying more Bitcoin 🚀 https://t.co/ufM0MWRq8w
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🇺🇸 THE CLARITY ACT IS OFFICIALLY ON THE SENATE LEGISLATIVE CALENDAR 💥
THE WHITE HOUSE REPORTEDLY WANTS IT SIGNED THIS SUMMER
HERE WE GO! 🚀 https://t.co/3iKYXMtm3P
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It has been an insane week for crypto.
- Bitcoin hit a new yearly low of $59,127, wiping out $300 BILLION in market cap.
- $ETH dropped to $1,500 for the first time in a year, erasing $60 BILLION.
- Bitcoin ETFs sold $1.72 BILLION worth of BTC, the second-largest weekly sell-off since launch.
- Over $5.7 BILLION in long positions were liquidated in just 7 days.
- Saylor and Tom Lee’s combined unrealized losses hit $22.5 BILLION.
- Zcash crashed -60%, wiping out $60 BILLION after a critical bug was discovered.
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Biggest red weekly candle in bitcoin history by the way https://t.co/8TSLri7Jbx
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I haven't seen the timeline be this bleak during my Web3 career.
So many people are capitulating.
Even Saylor broke his only principle not to sell any BTC.
I’m also seeing Bitcoin maxis start to worry about the quantum computing risk to crypto.
Let's be real here.
We're probably not getting another altseason or a new NFT summer.
That chapter is over.
We are, however, entering something called the "efficiency zone", where big companies like Coinbase, Sky, or Plasma start merging with classic TradFi.
Don't get me wrong.
I'm still buying BTC at these levels, tracking early-stage protocols, and advising emerging companies on strategies.
This is not a game-over.
It's a new chapter where crypto startups become TradFi startups, and TradFi startups use Web3's rails.
The industry has matured.
It's time we do the same and start adapting to these changes.
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