Since Trump's inauguration on January 20th... Bitcoin: +5.78% S&P 500: +11.95% Nasdaq: +16.17% This year has been awful in bull market terms for BTC, underperforming the S&P 500 by more than half.

US government debt just topped $38 trillion. It's the only thing hitting an all-time high today. Congratulations to all who celebrate 🥳🎉

NEW EPISODE: Over The Horizon 🎙️ Alex Thorn (Alex Thorn) joins me to discuss: – Why markets are so anxious – Institutional adoption and Bitcoin’s next era – AI CapEx & lessons from the dot-com boom – The future of digital asset treasuries

Peter Schiff just invented Bitcoin.

2025 has largely been a positioning reset for bitcoin's market structure in spot and derivatives. Long-term holder distribution above $100k and $110k, paired with macro headwinds preventing a sustained bid to counteract the distribution, capped off by a major liquidation event

WE'RE EXPANDING. Horizon plans to launch in 16 new states in the coming weeks, more than doubling our coverage. Here's where we're rolling out next 🫡

New Horizon hype video just dropped.

JPMorgan, the world's most systemically important bank, deemed too big to fail, now accepts Bitcoin as collateral. The global financial system is slowly recollateralizing itself around the highest quality asset known to man.

Bitcoin has traded within 15% of the all-time high for eight months this year. Despite being at an all-time high, volatility is so low you'd think Bitcoin was at a market bottom. Hard not to be incredibly bullish here.

When gold topped in 2020, bitcoin began rallying within two months, rising 434% over the ensuing six months. I expect a similar story over the coming weeks.

Bitcoin is a centi-trillion-dollar idea currently valued at $2T. Horizon is a bridge-building company: connecting the world's largest pool of speculative capital ($370T of real estate) to the world's only asset designed specifically to absorb it, Bitcoin. Few.

This is the week when the cloud of uncertainty that has loomed over Bitcoin may finally lift. • Trump-Xi trade deal will be reached • The Fed will likely deliver guidance on the end of QT • Alphabet, Amazon, Apple, Meta, and Microsoft, along with 20% of the S&P 500, will

It's time.

Futures opening green and BTC is now green on the month. Trump-Xi deal is materializing, uncertainty fading. FOMC this week; Fed likely to issue guidance on ending QT. All-time highs for S&P 500/Nasdaq/Russell all last week. Bitcoin is the next man up.

$94M in BTC shorts liquidated on that move. Thank you for your sacrifice.

Bitcoin wants to go much higher.

9.5% away from a fresh ATH. 1% and 5 days away from its highest monthly close ever.

LIVE: BITCOIN CHAT W/ Joe Consorti ⚡️ FROM Horizon x.com/i/broadcasts/1…

Good morning. Green is on the screen, Bitcoin is climbing the wall of worry.

Gold is now down 8.5% from its peak last Monday, shedding over $2T, or nearly 1 full BTC market cap. Bitcoin is up 7.5% over the same period. Fear is abating as the China trade deal materializes and the end of QT approaches. November and December are looking great.