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⌐◪-◪ → $100K Bitcoin

While I was having a delicious meal with my family last night, Bitcoin sneakily hit $100K—a moment that holders will remember for the rest of their lives.

Bitcoin didn’t stop at $100K either. So far, it’s surged as high as $103.5K, which means we’re back to rolling all-time highs.

Zooming out, the total crypto market cap just hit a new all-time high of $3.71T. For context, that’s larger than the world’s biggest public companies:

• Apple: $3.676T

• Nvidia: $3.542T

• Microsoft: $3.244T

The next big milestone, in my opinion, is seeing the total crypto market cap flip gold, which currently stands at $17.92T.

Pretty funny to think this all happened while public markets were closed, meaning regular investors had to wait a whole day to jump in.

Anyway, congratulations to everyone who got in under $100K, and if you’re in Miami for Art Basel—buckle up—because it’s gonna get wild.

The real question is, how high will this cycle go before we head back into dormancy? Join Specs.Chat to see the hive mind’s price predictions.

⌐◪-◪ → Bitcoin is Digital Gold!

Jerome Powell, Chairman of the Federal Reserve, just said, “Bitcoin is like gold, only it’s virtual, digital” and added that it’s “not a competitor to the dollar, it’s a competitor for gold.”

Without saying it directly, Powell is suggesting that Bitcoin is a commodity, not a security. This feeds into the narrative that crypto oversight might eventually move away from the SEC to the CFTC.

While I don’t see this as a direct endorsement of Bitcoin, it’s also not anti-crypto, which reflects the sentiment shift we’re witnessing in banking, government, and global politics.

Even Vladimir Putin is flipping pro-Bitcoin, recently stating that Bitcoin and digital assets will continue to develop in Russia and that Bitcoin “cannot be killed.”

The Golden Era is here. Bitcoin just broke $100K, and some of the world’s most powerful people are turning pro-Bitcoin. It’s hard to imagine a more bullish moment than this.

The prophecy is unfolding: first corporations, then banks, then states, then nations.

⌐◪-◪ → Magic Eden Airdrop Inbound

Magic Eden, one of the leading NFT marketplaces, just released the eligibility checker for their upcoming $ME airdrop.

I’ve personally never used the platform, but I reckon many of you have, so be sure to check your eligibility → here.

Looking ahead, the token generation event is set for December 10th.

Pre-market trading for $ME is sitting at ~$3B FDV, which doesn’t seem too crazy when you consider Blur’s FDV is ~$1.2B.

Get ready for a flood of salty NFT traders who’ll be upset they aren’t making generational wealth from this drop, especially after seeing how much people made from the Hyperliquid airdrop.

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