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To investors,
Financial markets went into panic mode on Friday and asset prices fell aggressively. The sell-off started about mid-day, but was accelerated Friday afternoon when President Trump posted on social media saying he was going to implement a new 100% tariff on China.
As if investors already have amnesia from April’s tariff scare, people raced to dump whatever assets they were holding. The stock market had just closed, so the main impact there was in after hours trading.
But bitcoin and cryptocurrency markets never close. We saw those assets sell off in one of the most rapid and severe price drops that I can remember in the last decade.
For example, bitcoin fell from around $121,000 to about $108,000 in mere minutes. It was one of the rare $10,000+ daily candles that bitcoiners have always dreamed of, but unfortunately it was in the wrong direction.
Now before I explain why the sell-off is a positive development, you should know this market correction was not a complete surprise. I sat down with my friend Jordi Visser at 10am Eastern Time on Friday to record our weekly conversation. During that talk, Jordi explicitly called out the likelihood of a market correction in the near term. He described himself as medium-term and long-term bullish, but short-term he was much more cautious.
Take a listen to why Jordi was worried:
Hours later the correction began and it only accelerated throughout the day. Honestly, one of the most prescient takes someone has shared on the podcast since we began. Impressive to say the least.
But the good news is that the bear market of October 2025 is officially over already. Why? President Trump took to social media on Sunday night and reassured everyone “it will all be fine” and “the USA wants to help China, not hurt it!”
That reassurance is all the market needed. We saw stock futures open green last night and bitcoin surged back over $115,000 per coin.
So what are my takeaways from this debacle over the last few days?
First, if you sell bitcoin amid geopolitical uncertainty, you never understood what you owned. The decentralized, digital currency was built to give someone a place to save their hard-earned economic value without relying on a nation state to back it. That is not only a powerful idea, but it is an idea that should gain value as geopolitical uncertainty continues to increase in the coming years.
Second, if bitcoin can fall $15,000 per coin in a day, that likely means in the future it could also go up $15,000 per coin in a day. Study reflexivity. It would take an extraordinary announcement or development for this to happen, but the market is showing us what is possible.
Third, if you were bullish on bitcoin and stocks three days ago, you should be even more bullish now. None of the fundamentals changed in the last 72 hours. We simply got a healthy reset that wiped out the excess leverage in the system. Now the market is cleared to go higher.
Fourth, imagine telling someone 10 years ago this headline: “The $19+ billion crypto liquidation, which is the largest in history, dropped Bitcoin’s price to $108,000.” We dreamed for days like this. We are going so much higher over time.
So regardless of how you view Friday’s events, I don’t think investors are going to care or remember them in a week. This is how markets operate now. They move at lightning speed. Investors have amnesia. Everything is forward-looking. The President tanked the market on Friday. He revived it on Sunday.
You may not like it, but that is what happened. And that is what is going to keep happening. Geopolitical negotiations are happening on social media. Investors will keep overreacting in the immediate term. Long-term investors don’t have to worry though. Avoid excess leverage, know what you own, and you can relax.
Bitcoin’s rise is pre-ordained. They will never stop printing money, so bitcoin is never going to stop going up. God bless Satoshi Nakamoto for inventing a solution to one of the world’s most difficult problems.
Hope everyone has a great start to their week. I’ll talk to you all tomorrow.
- Anthony Pompliano
Founder & CEO, Professional Capital Management
Is Bitcoin The Only Safe Haven Now?
Jordi Visser is a macro investor with over 30 years of Wall Street experience. He also writes a Substack called “VisserLabs” and puts out investing YouTube videos.
In this conversation, we discuss whether there’s a bubble forming and where Jordi stands — bullish or bearish, we dive into the AI trade, the supply and demand imbalance driving energy and infrastructure, the growing “debasement trade” as institutions allocate to Bitcoin and gold, we explore capitalism vs. socialism, humanoid robots, and the macro forces shaping the markets today.
Enjoy!
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