October Week 2 - 2025

BITCOIN RESET
How Times Have Changed: JP Morgan Sees Bitcoin at $165K

Oh how times have changed. JP Morgan, once notorious for dismissing Bitcoin as a passing fad, is now predicting a sharp move higher for BTC.

JP Morgan analysts recently suggested that Bitcoin may be undervalued compared to gold. By analyzing volatility-adjusted demand between the two assets, they calculated that Bitcoin’s market cap would need to rise about 42 percent to match gold’s adjusted demand. That implies a Bitcoin price of roughly 165,000 dollars per coin, about 40 percent higher than today’s levels.

Their reasoning is based on Bitcoin’s growing role in what they call the debasement trade. Gold surged over the summer while Bitcoin’s volatility relative to gold hit record lows, dropping below two. This means Bitcoin has become a cheaper way to gain exposure to the weakening value of fiat currencies. As a result, capital has been rotating from gold into Bitcoin, particularly through spot Bitcoin ETFs that saw retail-driven inflows earlier this year.

The size gap between the two assets remains huge. Gold’s total market value sits near 26 trillion dollars, while Bitcoin’s is just 2.3 trillion dollars. That discrepancy, paired with historical correlations between the two, suggests Bitcoin may be next to take the spotlight.

For years, JP Morgan once called Bitcoin worthless, too volatile and speculative to be compared to gold. Now says it should trade alongside it.

How times have changed. 😎

AI RESET
How to Stay Human in the Age of AI

AI is transforming the job market at a speed we have never seen before and most people are not prepared for it. To understand this shift it helps to look back at previous technological revolutions. The internet, launched in 1989, took 16 years to reach one billion users and changed entire industries along the way. Social media, starting with Facebook in 2004, hit one billion users in just eight years and reshaped advertising, retail, and communication.

Now comes artificial intelligence, with tools like ChatGPT reaching one billion users in less than two and a half years. AI’s adoption rate is six times faster than the internet’s and its impact is expected to be even greater. The World Economic Forum predicts that by 2030 AI could displace 92 million jobs. While some fear that AI will replace all human work, the reality is that jobs will change rather than disappear entirely.

Routine and repetitive roles are the most vulnerable. Data entry clerks, telemarketers, proofreaders, bookkeepers, paralegals, warehouse staff, fast food servers, and digital customer service agents are already seeing AI-driven replacements. Even skilled roles like radiologists are facing disruption as AI tools improve their ability to interpret medical images.

Jobs that require a personal touch or physical presence remain safer for now. Trades like electricians and plumbers, healthcare workers, therapists, emergency responders, and those who build or manage AI itself are in demand. The greater risk today is not just losing your job to AI, but to someone who knows how to use it better than you.

The message is clear. Learn how to work with AI, use it to enhance your skills, and explore new ways to create income. The shift is coming fast and those who adapt early will be best positioned to thrive in the new economy.

BITCOIN RESET
Absolute Digital Scarcity: The Future Few Can Imagine

Bitcoin’s future is often described in bold terms, but the vision laid out here is even bigger. The speaker points to the idea of absolute digital scarcity and imagines a future where credit markets allow people to borrow against their Bitcoin rather than sell it. In that world, far fewer coins would be available for sale and Bitcoin could become the preferred medium of exchange for global trade.

Today the numbers are staggering. There are about 7 trillion dollars in daily global trade and only about 450 new Bitcoins are created each day. If most coins are held tightly by long term investors and no one wants to sell, the price required to clear that market would rise to levels that seem surreal by today’s standards. As the speaker puts it, the coming era may be impossible to measure from within the old financial system because Bitcoin represents a new paradigm.

Michael Saylor’s push to educate the market about Bitcoin over the next several years is expected to help unlock massive pools of capital. Adoption will likely begin through Bitcoin treasury companies included in major indexes like the S&P 500, bringing exposure to pension funds and institutions that might never have bought Bitcoin directly. This “Trojan horse” approach could lead to broader understanding and eventually more direct spot Bitcoin ownership.

Despite the rise of treasury companies, some experts emphasize that the safest foundation is still holding spot Bitcoin for the long term. They warn of counterparty and regulatory risks tied to corporate intermediaries. Once that foundation is secure, investors can consider moving out the risk curve.

With absolute scarcity and growing institutional demand converging, many believe Bitcoin is poised for a transformation that will reshape global markets. If credit markets enable holders to never sell, the scarcity shock could drive values far beyond today’s imagination. 🤯

DISCLAIMER:
This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions or investments. Please be careful and do your own research.