Bitcoin at $100K? Here’s What I’m Doing About It

Billions in Bitcoin are being sold. The price is creaking, and the bears are trying hard, but it hasn’t broken yet…

This isn’t luck. It’s a new market structure forming right under Wall Street’s nose.

The “Great Rotation” has started — and retail investors who understand it early will own the next decade.

In recent months, Bitcoin’s price action has confounded veterans and newcomers alike. Headlines trumpet relentless selling pressure—billions of dollars’ worth of coins are hitting the market daily—yet the price refuses to collapse. What’s going on beneath the surface?

Are we witnessing a turning point, or simply another fevered cycle in the crypto rollercoaster? The answer, as always, lies in the numbers.

On-chain analytics paint a remarkable picture: long-term holders are finally cashing out, spurred by historic price levels and—for the first time—the rising tide of spot Bitcoin ETFs. These new vehicles offer an easy exit for legacy investors who have weathered years, if not decades, of volatility.

But what’s truly notable isn’t who’s selling—it’s who’s buying. For every panic sale, there’s a matched purchase—sometimes by an institution, sometimes by a bold retail speculator, and sometimes by a methodical ETF accumulator.

In other words, a profound “rotation” is underway: old hands and OG whales are stepping aside, their stakes snapped up by a new, more diversified audience.

The impact for retail investors is seismic. The market equilibrium, shaped by years of supply scarcity and diamond hands, is shifting toward broader participation, deeper liquidity, and perhaps—finally—true mainstream acceptance.

But should everyday investors be worried? Is this wave of selling a bearish sign, or a healthy sign of maturation? Is the market’s resilience evidence of an unbreakable bid, or the calm before an institutional storm?

In this issue, I’ll break down the mechanics behind this rotation, dig into the latest on-chain data, and share actionable strategies for thriving as the Bitcoin market enters its ETF-powered next phase.

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In the years since the Bitcoin era began, we’ve seen the sweeping, speculative highs and stark regulatory lows of digital assets. But just as the dust settled from crypto’s wild ride, a subtler, more profound shift has quietly emerged: the tokenization of real-world assets (RWAs). What began as bits and bytes representing purely digital coins is now evolving into blockchain tokens representing real estate, art, private credit, government debt—and much more. For fearless investors willing to think beyond Bitcoin, this next wave offers both opportunity and complexity.

In this edition of the Fearless Investor newsletter, we’ll dive into what tokenized real assets are, why they matter, how to evaluate them, what’s working (and what’s not), and how they might fit into a smart portfolio today.

Bitcoin started the blockchain revolution — but it’s just the beginning. The next wave of innovation is bringing real-world assets on-chain. From real estate and private credit to art and infrastructure, tokenization is redefining how investors access, trade, and profit from tangible value.

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If your asset allocation still treats Bitcoin as a speculative side bet and ignores energy infrastructure as a strategic asset, you’re investing like it’s 2015.

The real story isn’t just the rise of tech or the volatility of energy markets: it’s that the rules of what counts as safe and strategic have fundamentally changed. And so have the geopolitics.

1. Bitcoin: Beyond Casino, Now Core

Bitcoin is no longer just a retail “bet.” It’s becoming an institutional hedge, arguably the first truly non-sovereign, censorship-resistant reserve asset.

With monetary regimes under strain and political trust decaying, Bitcoin is taking the role gold once held before ETFs and central bank interventions diluted its edge.

Yes, it’s volatile. But its track record matters: since the pandemic, Bitcoin has outperformed nearly every asset class by a factor of 10. And here’s the twist: as of 2025, it’s less volatile than gold.

2. Stablecoins: The Digital Eurodollar

While Bitcoin gets the headlines, stablecoins are quietly becoming the backbone of global settlements.

• Scale: Multi-trillion-dollar settlement pipes for emerging markets, corporate treasuries, and dollar liquidity seekers in jurisdictions where the local regime can’t be trusted.
  
• Policy shift: Bolstered by the GENIUS Act, stablecoins are now mainstream, top-tier creditors backed by U.S. Treasuries.
  
• Implication: They’re not just crypto, they’re a key part of Washington’s plan to find new domestic buyers for U.S. debt. As the market cap of Bitcoin grows, so does the market cap of stablecoins, and the amount of Treasuries needed to back them.
  

3. Commodities: Boring, Until They Aren’t

Copper, uranium, lithium, oil: these aren’t just cyclical plays anymore. They’re at the center of a new energy and sovereignty arms race.

Post-Ukraine, every major economy is scrambling to secure the metals and fuels that underpin their independence. Volatility is the new normal, and pricing power belongs to resource-rich nations.

Washington, with guidance from the Department of Defense, has finally recognized the risk: China’s dominance in manufacturing and supplying critical metals like rare earths is a strategic vulnerability.

4. AI and the Power Crunch

AI isn’t just changing how we work, it’s transforming global energy demand. Data centers are now among the biggest electricity consumers on the planet.

The shift isn’t about “peak oil” anymore; it’s about “peak grid.” Renewables are part of the bridge, but gas and nuclear are regaining ground. Dirty, disliked, indispensable — fossil fuels still power 86% of global energy. In geopolitics, energy resilience is beating ESG box-ticking.

5. Renewables as Bridge, Not Destination

Solar and wind are growing, but they’re transitional, not the final stop.

As AI and digital infrastructure expand, we’ll need every available electron—carbon-neutral or not. The smart money sees renewables as a bridge to nuclear and next-gen hydrocarbons.

6. The Portfolio Perspective

In this environment, your “safe assets” list needs an upgrade:

• Digital hard assets: Bitcoin, stablecoins.
  
• Physical hard assets: Gold, critical commodities.
  
• Energy transition plays: Renewables, nuclear, select hydrocarbons.
  
• Tactical risk-on exposure: For opportunistic rotations.
  

Forget the ghost of 60/40. Build for a regime where power, trust, and digital sovereignty are the true reserve currencies.

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