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Feb 16, 2026
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WATCH
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"The price of Bitcoin... went up with other frontier technology assets and it went down with those types of assets... quantum computing stocks... software companies." The market is currently in a "shoot first" mode regarding AI disruption, selling off all adjacent tech. The opportunity lies in identifying which of these are actually complementary to AI rather than disrupted, but the immediate trend is negative correlation. WATCH for the "Differentiation Trade" to emerge where quality tech separates from disrupted tech. Broad market liquidity crunch could drag all sectors down regardless of fundamentals. |
Unchained (Chopping Block)
Does Bitcoin Win or Lose In The Great AI-Tech...
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Feb 16, 2026
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SHORT
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"We probably overshoot shot by a significant margin on speculative capital inflows... my own view would be precious metals trade kind of weak for the short term." The recent parabolic move in metals was driven by a temporary "squeeze" (tariff threats moving inventory from London to NY) rather than pure fundamental demand. As this squeeze dissipates, prices will revert. SHORT (or AVOID) Precious Metals in the immediate term. A sudden geopolitical escalation or rapid currency debasement could reignite the squeeze. |
Unchained (Chopping Block)
Does Bitcoin Win or Lose In The Great AI-Tech...
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Feb 16, 2026
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WATCH
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Bitcoin is trading in lockstep with "Frontier Technology" (Quantum, Software) and falling as they de-risk, challenging the "Digital Gold" narrative. Zack also notes that if the cycle is driven by utility (Stablecoins/Tokenization), Bitcoin might "lag" assets like ETH/SOL. Bitcoin is currently behaving as a high-beta tech stock. Until it decouples and proves its value as a non-sovereign store of value distinct from tech equities, it remains vulnerable to AI/Tech sector volatility. WATCH. Wait for signs of decoupling from the Nasdaq/Tech sector before treating it as a safe haven. If the "Digital Gold" narrative re-emerges quickly due to sovereign debt fears, BTC could outperform unexpectedly. |
Unchained (Chopping Block)
Does Bitcoin Win or Lose In The Great AI-Tech...
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Feb 16, 2026
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LONG
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Zack states investors should focus on "mega trends" in crypto: Regulatory clarity driving Stablecoins/Tokenization, and "The 3 Ps" (Privacy, Prediction Markets, Perpetual Futures). He explicitly names Ethereum, Solana, Chainlink, Zcash, and Hyperliquid as beneficiaries. While the broader market is de-risking, capital will concentrate in protocols that provide the infrastructure for these specific high-growth verticals. ETH/SOL/LINK capture the tokenization/stablecoin layer, while ZEC/HYPE capture the innovation in privacy and derivatives. LONG these specific assets as structural winners of the "Differentiation Trade." Continued correlation with the broader Tech/Growth equity sell-off. |
Unchained (Chopping Block)
Does Bitcoin Win or Lose In The Great AI-Tech...
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Feb 12, 2026
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LONG
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Bitcoin is trading like speculative tech, not gold. The "differentiation trade" involves allocating to assets tied to "mega trends": Tokenization, Stablecoins, and the "Three Ps" (Privacy, Prediction Markets, Perps). As the market matures, capital will flow to assets that provide the "rails" for these trends. Smart contract platforms (ETH, SOL) and middleware (LINK) are the direct beneficiaries of stablecoin and tokenization adoption, potentially decoupling from BTC's price action. LONG. Focus on utility and infrastructure over pure store-of-value assets. Continued high correlation with the broader tech sector (Nasdaq/QQQ). |
Unchained (Chopping Block)
Coinbase Earnings, Bitcoin vs Tech, and Crypt...
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