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Why the Banks Are Winning While Your Crypto Bleeds
SpaceX IPO Quietly Funds the War Against Crypto
Blockfuturist2 min read·Just now--
Let me ask you something.
What if the biggest IPO in the history of man isn’t good news, but the greatest wealth transfer you’ll ever live through?
Blood in the Streets
Crypto markets have officially erased over $2 trillion since the October high. $1.8 billion in levered positions liquidated today alone.
Even Dave Portnoy, the Barstool owner and avid crypto investor, admitted it:
“I’m panicking. When there’s blood in the streets, that’s when you have to have diamond hands. I own a ton of Bitcoin, and I’m losing millions. I have not made a cent in crypto.”
Who’s selling? Mostly people who bought in the past year and a half. Their cost basis sits around $78,000. They rode the rally to $126,000, then watched it get cut in half.
These aren’t diamond hands. They’re ETF investors who see this as a rotation of capital.
$4.4 billion flowed out last month.
The Connection Nobody Makes
SpaceX is trying to raise $75 billion. W
