It's been the proven correct advice for every single crash - buy more Bitcoin. In fact, Bitcoin always seems to get stuck until there's a crash, then it goes on to set new all time highs.
At this point, it's a cycle.
The Big Picture
Global markets pitched a fit this morning—again—as traders suddenly “discovered” that maybe, just maybe, pumping the Magnificent 7 to the moon on AI hopium might’ve inflated something resembling a bubble. Stop me if you’ve heard this one before.
NASDAQ 100 futures slid another 0.36% after getting slapped 2.38% yesterday. S&P futures were twitching but going nowhere. The VIX jumped double digits. The big indexes have all been sliding for days, and the S&P is now down over 5% from recent highs. Cue the hand-wringing.
Bank of America even dropped a headline that basically sums up the mood: “The bubbly is on ice.” Cute.
Nvidia crushed earnings Wednesday—obliterated expectations—yet the market still threw a tantrum. The stock spiked 5%, then finished the day down 3.15%. Another 2% disappeared in overnight trading. Deutsche Bank called it “a remarkable 24 hours,” which is a polite way of saying nobody knows what they’re doing.
Tech across the board is getting smoked. Palantir face-planted almost 6% and is bleeding more premarket. Softbank coughed up 11% in Japan. Everyone’s suddenly nervous about AI spending, data centers, and whether this whole boom is running on actual fundamentals or just FOMO in a trench coat.
Even Nvidia’s monster surprise earnings report didn’t calm anyone down. Adding fuel to the fire: rumors that Softbank and Thiel Macro dumped their Nvidia bags, plus Michael Burry chiming in—again—about shady accounting in AI land.
Meanwhile, ING dropped a November 19th note fretting about AI “making stuff up.” According to the analyst, top models spit false claims 40% of the time, and newer ones respond to everything—even when they clearly shouldn’t. Translation: fluency is up, accuracy is down, panic is rising.
And then we get to crypto stocks—the traditional punching bag whenever TradFi has a meltdown. Coinbase tanked 7.44% yesterday. MicroStrategy—aka Bitcoin-on-NASDAQ—got clipped 5% and is bleeding more overnight.
Finally, Bitcoin itself.
The same asset that’s been declared dead more times than I can count. It “lost” 24% this month, currently hovering around $82K after tapping $124K not long ago. Cue the obituaries, cue the hysteria, cue the “store of value” thinkpieces.
But anyone who’s been here long enough knows the script. Every time markets panic, every time the headlines scream, every time the tourists run for the exits… the right move has been the same: accumulate while it’s on sale.
Same movie. Same plot twist. Different year.
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Author: Oliver Redding
Seattle Newsdesk / Breaking Crypto News
