Why $50M Bitcoin Is Not Crazy — It’s Inevitable

Most people hear $50,000,000 per BTC and think it’s a meme.

It isn’t.

It’s the logical endpoint of monetary history, nation-state game theory, and the AI century.

Here’s the Rising Dynasty framework I use to see it 👇 1. MONEY IS A POWER LAW — ONE ASSET ALWAYS WINS

Monetary networks don’t spread evenly.
They converge.

Gold replaced dozens of metals.
USD replaced dozens of currencies.
Treasuries replaced gold as global collateral.

Bitcoin is the next and final convergence.

When a monetary winner emerges, it doesn’t 5× — it 10,000×.

For weeks this summer I said Travis Kalanick should run Opendoor.

People laughed.
But they missed the point:

Opendoor needed a builder — not a caretaker.
A founder with aggression, velocity, and vision.

The market treated that as non-consensus.
It was actually obvious. Travis would have been great.

He understands operational violence.
He understands marketplaces.
He understands refusing to die.

The “Travis era” at Uber was pure asymmetric execution — exactly what OPEN needed.

And for a while, I believed he was the only one who could pull it off.

@nic_carter just laid out 10 reasons why quantum timelines are accelerating.

If he’s right — even partially — then BTQ just became one of the most important public companies in the entire crypto + cybersecurity stack.

Here’s why.👇 Quantum isn’t a threat to Bitcoin first.
It’s a threat to everything built on ECDSA.

Banks.
Exchanges.
Wallets.
Authentication systems.
Messaging.
IoT.
Government identity.

A break forces a full migration to post-quantum signatures.

BTQ is the migration stack.

AI isn’t going to “kill” Shopify.
But it will compress its moat unless the company pivots faster and deeper than investors expect.

This isn’t bearish.
It’s structural.
Every platform shift reshuffles the winners. Shopify’s first S-curve was built on:

– storefront creation
– workflows + templates
– merchant tools
– payments + checkout
– logistics integrations

AI is turning many of these into commodities.

Instant stores.
Instant ads.
Instant SEO.
Instant emails.
Instant everything.

When creation becomes free, the value shifts.

We keep hearing “AI bubble!” - with ZERO evidence provided by the bears. 🧸
But our leaders today are 10× stronger than the dot-com era…
and they’re trading at HALF the multiple.

This is not 1999.
Let’s look at the actual numbers. 👇 Dot-com Four Horsemen (1999–2000):
Cisco, Intel, Dell, Microsoft.

Trailing P/Es: 60–80×.
Vertical, insane, pure speculation.
Hardly any real cash flow.

That was a bubble.

Everyone’s talking “AI bubble popping” and “the top is in for tech.”

But if you look under the hood, the tape is screaming something very different:

We’re in max de-risking mode, not “AI is over” mode. 👇 Yesterday, one trading desk flagged 0th percentile trade pressure:

Roughly $6.2B and $7.5B notional sold on the bid across two buckets.

That’s what panic, forced selling, and systematic de-leveraging look like — not thoughtful fundamental selling.

NVIDIA ripped this morning and then closed deeply red, so the “AI bubble / dot-com 2.0” crowd is back in full force.

But if you actually listened to last night’s call, the fundamentals and demand curve look nothing like 1999.

Here are 6 reasons why 👇 (1) This isn’t ‘eyeballs’ – it’s $57B in quarterly revenue.

NVDA did $57B in Q3, up 62% YoY, with a record $10B sequential jump.

Data center alone was $51B, up 66% YoY, with gross margins in the mid-70s.

Dot-com was “future TAM + no cash flow.”
This is “today TAM + monster cash flow.”

The U.S. housing market just hit a record nobody is prepared for.
In October, sellers outnumbered buyers by 36.8% — the widest gap since 2013.

This is the strongest buyer’s market in more than a decade.

And this matters massively for $OPEN and $BETR. Here’s the setup:

1.97M sellers
1.44M buyers
Demand is at its lowest level outside the pandemic crash.

Yet home prices… haven’t cracked.
This is pent-up volatility — and volatility is where platforms with data, speed, and AI win.

“What’s wrong with OPEN?” — Here's The REAL Answer 👇 I’m getting a ton of DMs:
“Eric, what’s wrong with $OPEN?”
“Is it going to zero?”
"TWEET SOMETHING AND MAKE IT GO UP!!!"
“Why is it down 27% after being up 96% last week?”

Let’s cut through the noise and get to the truth.

Nothing is wrong.
Nothing has changed.
And this was entirely predictable.

🔥 THREAD: People Think Carvana Was a Straight Line 118× — The Charts Tell a VERY Different Story

Everyone loves to point at Carvana and say:
“See? That’s what a 100× looks like.”

Like it was easy.
Like it was obvious.
Like it was a perfect diagonal straight up.

The truth?
Carvana’s 100× was one of the most violent, emotionally punishing rides of the decade.
Let me show you 👇 In the last 3 years alone, CVNA had:

📉 11 separate drawdowns of 13% - 53%
📉 Multiple 20–30% corrections
📉 A 53% crash early in 2023
📉 A recent 30% drawdown from the $413 ATH

And that’s after it already started compounding again.
You don’t get 100× returns without 100× volatility.

🔥 THREAD: Carvana’s Institutional Playbook — And Why Opendoor Is Next

Morgan Stanley just toured Carvana’s Haines City mega-reconditioning center.
Their takeaway?

CVNA is building the Amazon of auto retail.

Vertical integration, massive scale advantages, machine-learning optimization, data-driven pricing, logistics mastery — the full flywheel.

They reiterated Overweight, PT $450, with 115% upside in the bull case.
Let’s break this down 👇 Carvana has 18 reconditioning centers today — and 56 more coming.
Their Haines City site alone has 15,000 parking spots, twice the size of their next biggest competitor. And they’re only using 40% of the capacity.
That’s what scale actually looks like.

You can’t fake infrastructure.

Everyone is panicking right when the data is telling you the opposite.
We’re entering the zone where bottoms form — not where smart investors walk away.
Here’s why 👇 Global Risk Demand Index is now –1.93 standard deviations.
Historically, –2.0 SD is the “Fear” capitulation zone — the spot where forced sellers run out of ammo and asymmetric opportunities open up.

We’re right there.

I’ve been researching BTQ deeply after today’s earnings call.
At $754M, the market still thinks it’s “another quantum stock” like RGTI, QBTS, QUBT or IONQ.

It isn’t.

BTQ isn’t trying to build a quantum computer.
BTQ is building the revenue-generating infrastructure the world NEEDS because quantum computers are coming.

Huge difference. And massively misunderstood.. Think of Palantir’s architecture:
•Ontology = unify the world’s data + security
•Foundry = operational workflows
•AIP = AI agents acting on real systems

BTQ is building the post-quantum version:
•QSSN → ontology for digital money (secure mint/burn/transfer)
•QCIM → secure enclave hardware (crypto-agile PQC + AI chip architecture)
•QPerfect/MIMIQ → neutral-atom quantum OS + emulation

This is the PLTR framework applied to the quantum era.

People yelling “BETR is losing money!” 🤡
Yeah… the old mortgage business lost money.
Tinman + Betsy didn’t.

This is exactly like Palantir before AIP.
Everyone judged the company on the pre-AI era, not the platform that was about to explode. 2022–24 was the worst housing market in 40+ years:
📉 Rates from 3% → 8%
📉 Refis died
📉 Originations collapsed
📉 Every lender bled money

That’s not an AI problem.
That’s the macro cycle destroying every mortgage company.

Just like PLTR’s old gov contracts masked the future.

Here are 9 reasons why $BETR is following the exact blueprint $PLTR used before its explosion — and why the math points to a potential $12,000/share outcome in 3 years. 🧵 1. Tinman = mortgage/home-equity ontology.
Palantir’s whole re-rating began when investors realized ontology wasn’t “software” — it was the data backbone of entire enterprises.
Tinman is the equivalent for the $15T U.S. housing finance system:
• Consumer graph
• Property graph
• Investor criteria graph
All fused into one decision engine.
This does not exist anywhere else in mortgage.

10 Reasons You Need to Live By the “Own the Future, Don’t Rent It” Rising Dynasty Mantra 1/ Most people spend their entire lives renting their destiny.
They rent their time to employers.
They rent their beliefs from analysts.
They rent their confidence from the crowd.
The future belongs to the people who own their decisions.

@vladtenev said something controversial this week:
AI will replace so many jobs that retail investors will need to trade more to generate extra income.

Is that self-serving?
Yes.
Is it probably true?
Also yes.

The uncomfortable part is that most people have no plan for what’s coming. Let’s be honest:
For decades, the middle class outsourced its financial future to “experts” — wealth managers, glossy banks, pension boards.

And what did we get?
High fees, closet indexing, and a decade where retail outperformed institutions in almost every major inflection point.

“Can $OPEN follow the $PLTR playbook?”

After Kaz’s first earnings call as CEO last week, my answer is: yes – and the blueprint is right there in the transcript. 🧵 Palantir playbook in 3 beats:

1️⃣ Misunderstood for years (“glorified consulting”)
2️⃣ Ontology + AIP quietly rewires customer workflows
3️⃣ Revenue & margins inflect → market finally rerates

@CanadaKaz just outlined the housing version of that.

10 Things Hidden in Palantir’s Earnings Calls That the “AI Bubble” Crowd Completely Missed

Everyone screams about the multiple.
But nobody reads the footnotes, the metrics, or the CEO quotes — because they’re lazy.

Here are the 10 most underappreciated signals buried in the last 4 calls 👇🧵 People say Palantir at 60× forward sales is “unsustainable.”

Ok — then explain how the company posted a 114% Rule of 40 last quarter.
Show me another software company at scale doing 60%+ growth AND 50%+ margins.

That’s not a bubble.
That’s world-class unit economics that most analysts STILL don’t model correctly.
Do they even know what the Rule of 40 is?

“AI is a bubble.”
“Palantir at 62× forward sales is insane.”

Cool story — except the last 4 earnings calls show the opposite.

PLTR isn’t overpriced.
The market is still underestimating how fast revenue explodes when you OWN the ontology layer.
Let’s walk through the receipts and see why Michael Burry is so wrong on Alex Karp 🧵 Start with the topline everyone hand-waves away:

Q3 2025:
•63% YoY revenue growth
•18% QoQ
•U.S. revenue +77%
•U.S. commercial +121%
•Rule of 40 = 114% (revenue growth + op margin)

Karp’s words, not mine: these are “arguably the best results that any software company has ever delivered.”

Bubble stocks don’t do that.

The $330 Trillion Opportunity Nobody Is Talking About (YET… although @vladtenev and @CanadaKaz see it)

How HOOD × OPEN could create the world’s first liquid real-estate market — and each print $3–10B/yr in high-margin revenue by 2029.
This is the real RWA mega-trend.
Not treasuries.
Not USDC.
HOMES.
👇🧵 Everyone talks about “RWA”…

…but they miss the BIG one:

Real Estate = $330 Trillion.
The largest asset class in human history.
Bigger than:
• Global stock market
• Global bond market
• Crypto by 600×
• Private equity + VC combined

And it’s 0% on-chain today.

That’s the opportunity.