Every noob around me is suddenly talking about stocks, sectors, memory plays, AI names, competitors… everyone’s throwing out tickers with total confidence like they’ve got some secret alpha.

Feels like people are speaking in certainties and acting way smarter than they probably are.

To me, the signs of a rotation out of equities and into Bitcoin are starting to show up. It’s not guaranteed, but it seems pretty clear.

Bitcoin looks like it’s getting close to a bottom, while equities could still push higher for a bit. Even so, it feels like we’re getting closer to a top there too.