CRYPTO CRASH: ITS ABOUT TO GET A LOT WORSE...
In a Nutshell
Bitcoin has crashed 50% from its all-time high, breaking below $63,000 and heading toward $60,000, making it one of the worst-performing assets since 2021 alongside Ethereum and Solana. Michael Saylor and Tom Lee are down over $8.5B and $9B respectively in unrealized losses, with the speaker arguing Bitcoin provides no real value compared to productive assets like stocks. The strategy is to short MSTR or IBIT on a break below $60,000 rather than trading crypto directly, while avoiding MSTR and BMNR entirely due to dilution and leverage risks.
These notes were generated by AI and may contain inaccuracies.
Bitcoin is officially down 50% from all-time highs after breaking below $63,000. The lows reached today show Bitcoin hitting $61,476 according to the platform.
If crypto and Bitcoin fall below the previous low of $60,000 on the daily chart, the plan is to short MSTR or IBIT. Crypto trading is avoided entirely due to the belief that the space is incredibly speculative and manipulative, particularly platforms promoting 40x leverage.
Back in 2021, Bitcoin traded at $67,000 compared to the current $62,000, making it one of the worst investments over the past 5 years. Ethereum traded at $1,900 and is now below $1,800 with expectations of dropping below $1,000 this year. Solana traded at $141 and is now below $80. Those who did not take profits are described as bag holding crypto.
Michael Saylor is currently down over $8.5 billion in unrealized losses as the biggest investor in crypto. The fundamental question raised is what owning all of Bitcoin accomplishes, as it provides nothing beyond code, unlike owning all of a company such as Apple or Nvidia which generates billions in revenue and allows the owner to serve as CEO earning salary and profits.
Crypto originally had one of its early and big investors as Jeffrey Epstein. The argument is that backing a coin funded by one of the biggest pedophiles in US history does not make sense. Over $200 billion has been wiped from the crypto market in the past 24 hours.
Tom Lee is down over $9 billion in his Ethereum holdings. Michael Saylor is down over $8.5 billion in his Bitcoin holdings. These are described as two of the biggest advocates for crypto who promoted averaging up as prices increased.
Potatoes are worth more now than they were in 2021, making them a better investment than Bitcoin over that period.
MSTR is not recommended as a Bitcoin treasury because it is described as a failing software business that dilutes investors and borrows against shareholders to buy Bitcoin, though it began selling Bitcoin and lost its edge. MSTR has not made new all-time highs since 2024 while Bitcoin made new all-time highs in 2025.
IBIT, the iShares Bitcoin Trust ETF, moves one for one with Bitcoin and provides exposure without buying actual Bitcoin. This ETF can be shorted on US regulated stock market trading platforms instead of crypto platforms. If Bitcoin breaks below $60,000, MSTR is believed to potentially trade below $100 per share.
BMNR, Tom Lee's Ethereum holding company, is described as just as bad as MSTR. Both MSTR and BMNR would be avoided for investment but could be shorted with higher risk tolerance. Bitcoin ETFs are recommended only for those bullish on Bitcoin seeking one for one exposure with no leverage.
A live trading session is scheduled for tomorrow to short MSTR if Bitcoin breaks below $60,000.
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