Bitcoin Soars as Dollar Crashes: The World Goes Crypto Crazy! 🚀💸

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Ah, the fickle dance of fortune! Bitcoin, that elusive phantom of the digital age, has ascended to heights once deemed absurd, breaching the $125,000 mark with the grace of a man who has just discovered his wallet is heavier than expected. 🤑 On this mundane Monday, the world awoke to find its financial compass spinning wildly, as if guided by a drunkard’s hand.

At the hour of this scribbling, the cryptosphere’s crown jewel hovers near $123,847, a modest retreat from its zenith, yet still a figure that would make a tsar blush. Binance, Bybit, and Coinbase-those modern-day bazaars of speculation-report prices fluctuating between $125,034 and $125,077, as if the very gods of commerce are wagering on its next move. 🪙

What provokes this frenzy? The U.S. dollar, once the stalwart of global finance, now resembles a deflating balloon at a child’s birthday party. Investors, ever the opportunists, flee its grasp like peasants from a plague, seeking refuge in Bitcoin, gold, and stocks. The Kobeissi Letter, those sages of the spreadsheet, declare this a “generational macroeconomic shift,” a phrase so grand it could only be uttered with a straight face by someone who has never lost a rouble at cards. 🎭

“A widespread rush into assets is upon us,” they proclaim, as if the masses are storming the Bastille with brokerage accounts in hand. Inflation rises, jobs vanish, and the Federal Reserve cuts rates-a trifecta of woe that somehow makes Bitcoin shine brighter than a samovar on a winter’s night. ❄️

What is happening?

The S&P 500 is up +40% in 6 months, Gold nears $4,000/oz, and Bitcoin hits a $2.5 TRILLION market cap.

Meanwhile, the US Dollar is having its WORST year since 1973.

Are markets THAT strong, or is the Dollar simply collapsing?

(a thread)

– The Kobeissi Letter (@KobeissiLetter) October 5, 2025

The dollar, poor soul, endures its worst year since 1973, shedding value like a dog sheds fur in summer. Since 2000, it has lost 40% of its buying power-a decline so steep one might suspect it of deliberate sabotage. Meanwhile, the S&P 500 leaps 40% in six months, and gold flirts with $3,880 an ounce, as if the world has collectively decided to hoard everything but sanity. 🏦

Analysts, those perpetual whisperers in the ear of the market, note the unprecedented correlation between gold and the S&P 500, a union of “safe” and “risky” that defies all logic. “A new kind of monetary policy,” they murmur, as if the old one were not already a farce. 🤡

Fabian Dori, chief investment officer at Sygnum, attributes Bitcoin’s ascent to the recent U.S. government shutdown, a spectacle so absurd it could only embolden the cryptosphere. With bureaucrats twiddling their thumbs and the dollar in freefall, who could blame the masses for seeking refuge in the digital ether? Meanwhile, crypto ETFs and lower interest rates lure investors like moths to a flame, though whether they are drawn to light or fire remains to be seen. 🔥

Geoff Kendrick of Standard Chartered predicts Bitcoin will soon surpass $135,000, as mid-sized holders pile in with the fervor of peasants at a land auction. Bitcoin’s dominance now exceeds 55%, a testament to its enduring allure-or perhaps merely a lack of alternatives. 🌍

And so, we stand at the precipice of a new era, where the dollar crumbles, Bitcoin reigns, and the world watches with equal parts awe and bewilderment. What folly! What genius! What a time to be alive. 🌪️

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2025-10-06 11:21