Korea Crashed 30% Overnight. Japan Is Next. The Fed Is Holding. And We're Fine.

Bitcoin is at $64K USD. The Korean stock market just dropped 30% in a day. Asian markets are flashing red from Japan to Taiwan. The Fed is about to hike rates. And Galaxy Research dropped a $5M bet that quantum computers will break Bitcoin before the ecosystem can respond. Q, Riley, and Zach cover all of it: why every global stock market is a cousin of the US market, what the S&P priced in gold actually shows since 2000, the Galaxy quantum bet and whether it's signal or noise, the Clarity Act timeline,…

Reads - What Gives Money Its Value? (And What Actually Backs Bitcoin)

Bitcoin just dropped $18,000 in 10 days. Strategy sold for the first time since 2022. The headlines are screaming capitulation. Zach reads two pieces back to back: Adam O'Brien's "What Gives Money Its Value" — a clear-eyed dismantling of the "Bitcoin isn't backed by anything" crowd (spoiler: neither is the dollar, and it's not gold either) — followed by a primer on dollar cost averaging, because weeks like this one are exactly why DCA exists. This one's for Uncle Mark. DCA #WhatBacksBitcoin…