RECAP: AGENTIC EXPLOSION

• Leopold Unlocked Biggest Trading Loss Ever

• BTC Miners Continue to Rotate into AI

• The $63K Supply Wall

• Tom Lee Sees ETH Flying with the Agentic World

• SpaceX 10GW 2027 target

• Anthropic’s Revenue: From Nearly Nothing to $74 Billion

• AI Agent Explosion

It is OCTA time, and this episode is called “The Agentic Explosion,” because AI agents are completely exploding with growth rates that the world has never seen before.

What does it mean for crypto? What does it mean for AI, our stocks, and everything else?

OCTA used to be heavy on Bitcoin and heavy on on-chain technical analysis, but it has morphed much more into AI. Our worlds are colliding between AI and crypto, and we are going to break all of that down today.

This is a stunning chart because if you are bearish on things like Bitcoin, all you have to do is look at the U.S. annual interest on debt—it is now $1.4 trillion.

This is more than the market cap of Bitcoin, and that is just the interest that the U.S. has on its own debt. This is enough money to build over 7,000 hospitals or 26,000 schools. It is a crazy amount of money that is just wasted.

Since 2020, interest on debt is up over 4X for perspective. The year 2020 is only six years ago.

Leopold has unlocked the biggest trading loss ever in history, and he is up against some big ones.

For those of you who have been around a long time like me, you may remember Long-Term Capital Management. Leopold had the largest trading losses of all time, and astonishingly, he still has $10 billion that he is managing privately.

This is the historical leaderboard for situational awareness. I would love to get one of those “Situational Awareness” T-shirts that I find to be so funny. It is one of the biggest