Dear Readers,
Welcome to the second half of 2026, and for bitcoin holders, it is a welcome turn of the calendar simply because the first half was a doozy. I’m ready to dig in my heels on the $60Ks being an insanely cheap bitcoin price, even with so much chorus on the bearish side. But the path to getting there, in terms of a bullish stance, travels through a few seemingly unconnected global macro angles and behavioral reads.
We will discuss the bitcoin price, what gets me bullish during a bear market, what I love most about bitcoin haters, TBL Liquidity green and red dots, and I include a long article about Palantir/Thiel/military and how to process such a blatant pursuit to become technology overlords. No drawn-out preamble today, as the analysis feels more important. Instead, here is my tweet from February to prove to you that we are not some bitcoin cheerleaders that blindly and perennially call for higher prices.
We pride ourselves on being analysts that describe current market conditions, make bold calls, hold ourselves accountable, all while vehemently defending a long position in bitcoin as the only sensible way to approach a healthy and balanced portfolio. How large a position, you might ask? Only as large as your understanding of Layered Money and the dollar credit system.
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