Friday Trivia/Tangent: Bitcoin Crashed To Just Over $81,000, Overnight...From Just Under $90,000 Last Week. Ouch.

Meanwhile, the Bitcoin miners are claiming that miners will benefit from the fact that some purported AI companies are out raising money — like Anthropic… alleging they will spend most of that on Riot future leased data centers (not yet built!). [Updated -- OpenAI, now, as well.]

What?!

So — the Bitcoin miners' [bulls’] case now relies on a spend of money that hasn’t been raised yet — for buildings that haven’t been built yet — to lease at the lowest bidders’ rack space price, in dusty West Texas.

That notion is. . . self deflating. . . all as huge lazy flakes wheel in slow motion, down here -- from a gray sky. Smile.

All I can say is. . . look out below [this is a dump, from the October 2025 ~$126,000 all time highs].

Trump's endless chaos is wrecking the "risk on" appetites, in capital markets. [I suppose that's a silver lining -- of sorts.]

नमस्ते