Former Google Tech Lead liquidates Bitcoin, Saylor silently "overlooks" from upstairs, Trump rakes in 1.4 billion.
Written by: Nicky, Foresight News
Welcome back to Spicy Commentary, where we bring you weekly highlights of the crypto world—moments where some people make a killing while others cut their losses and run.
Three things this week: a tech guru confessed on camera that he was defeated by leverage; a Reddit post made countless people bitterly smile at their screens; and the White House released a financial report that left netizens silent.
Former Google & Meta Tech Lead Proves Everyone Is Equal Before High Leverage!
A video went viral this week! A former Google and Meta tech lead shared his story: due to using excessive leverage, he suffered huge losses when Bitcoin dropped from $120,000 to $60,000 and was forced to liquidate all his holdings.
His core points are worth pondering: First, trading is not about fundamentals but attention. Second, Bitcoin lacks a stable source of attention. Third, the external environment has changed. The AI boom has siphoned off a lot of capital, and businesses and individuals no longer consider building Bitcoin reserves. Fourth, structural risks cannot be ignored. The core code of the Bitcoin network is controlled by 6 people, facing two major hidden dangers: quantum computing threats and insufficient miner incentives.
However, he also said he remains bullish on Bitcoin in the long term, believing it will be rediscovered by a new generation in each cycle.
Don't know .
Oh, he's Patrick Shyu 🤔.
He's a celebrity!
What's next, teacher 🥺?
So is it now endless inquiry?
Netizen's spicy comment: This is everyone's counterparty, more precisely the short side.
After all, it's "virtual", so we still need to be careful about risks!
So can using multiple AI tools be called an AI Tech Lead?
So is now a valuable buying opportunity?
Unity of knowledge and action!
So whether you can control leverage becomes the key point.
Who is right after all 🧐?
Here Comes the Investment Pro!
On Reddit's CryptoCurrency section, a post had an image: Michael Saylor standing upstairs overlooking a table of people sitting downstairs.
The caption read: "Here comes our investment pro! Why not come down and tell us about your collection of web tokens, dear?"
Netizen's spicy comment in the comment section: Saylor: I'm upstairs thinking about how to use company money to buy more BTC. You guys: I'm downstairs thinking about what to eat for dinner.
Pushing up MSTR's stock price?
Netizen's spicy comment: I'll mortgage my little bear 🧸 right now.
Does it refer to the $6 billion loss in one day in the picture 😭?
Sell NFTs, add to Bitcoin positions.
Hope so 🥹.
Maintaining your own judgment is especially important!
Only rely on tycoons to support the stock price!
Buy 🥳!
Trump Rakes in $1.4 Billion from Crypto in One Year
On July 1, the White House released Trump's personal annual financial report: in his first year back in the White House, he earned at least $2.2 billion, of which $1.4 billion came from the crypto sector.
But the other side of the coin: the "Trump Coin" he promoted once soared to about $70 when it was launched, but now it has fallen to $1.75, a drop of up to 97%!
The New York Times reported that "Trump Coin" caused 810,000 investors to lose money, with total losses exceeding $2 billion.
California Governor Newsom said the documents clearly show how Trump played with crypto: "He got richer, while his supporters who followed him were fooled."
On July 2, Trump "complained" in an interview: "I feel bad for my kids—no matter what they do, people think they have inside information. I always tell my kids to stay away from related industries if possible."
K-line painter!
Can you tell us when to buy and sell 🤣?
Received 🫡.
A single sentence from Musk can affect companies with a trillion-dollar market cap.
Buffett still has to learn from Trump.
Double understanding!
Everyone is Trump's "consumer".
Let everyone see how profitable the crypto market is 🫢.
This week, some people reflected on camera, some made memes on Reddit, some counted money in the White House. The world is a huge makeshift stage, and Spicy Commentary is here to cut together real harvests, sincere reflections, and vivid memes for you!
Wish you all a happy weekend, see you next week!
(This issue's content is based on public information and online discussions, with a light-hearted interpretation, for reference only.)
Past Reviews:Spicy Commentary | The "Most Emotionally Valuable" Post! Will STRC Be the Next LUNA?