Robinhood, Karken. But honestly if you are planning to hold bitcoin on these trading platforms, just buy one of the Bitcoin ETF's.

2x on the etf or SOL?

Done7 said:

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Robinhood, Karken. But honestly if you are planning to hold bitcoin on these trading platforms, just buy one of the Bitcoin ETF's.

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I don't hold anything on exchanges. Cold storage only.

Done7 said:

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Solana ETF to launch this Wednesday. Easy 2x .

https://thedefiant.io/news/tradfi-and-fintech/solana-staking-etf-to-launch-wednesday

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There's already SOLT, a 2x Solana ETF.

The ETF's will drive institutional demand and will move SOL prices up to be more accurately compared to Etherum. Specially since SOL does more than ETH. A $300 SOL prices within the next few months is very doable if institutions start buying Solana via the ETF's.

ChatGPT helped with below.

If Solana (SOL) reached Ethereum's market cap ($300B), it would trade at **$560** per SOL.
SOL's current market cap is ~$82B, and price is around $153.
Here's what SOL would be worth at different % of Ethereum's market cap:
25% of ETH ~$140
33% of ETH ~$187
50% of ETH ~$280
75% of ETH ~$420
100% of ETH ~$560

Leveraged ETF aren't good for long term plays. Good for swing trading. Institutions like pension funds don't buy leveraged ETF's.

Also SOLT is a futures ETF. Not the same as spot.

What does sol do more of?

Faster transaction rate. More memecoins, more active users. Cheaper transaction fees. Also, Kraken is using SOL to trade US tokenized stocks.

Ah yes that reminds me I meant to go look at what kraken is doing mechanically there and how it works.

Bitcoinnnnnnnnnnnnn

Any call buyers? Considering buying an IBIT call if we can break over 110k, test and confirm a break out.

Yukon Cornelius said:

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Any call buyers? Considering buying an IBIT call if we can break over 110k, test and confirm a break out.

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Im holding IBIT long dated calls to 2026. But I agree with your sentiment. I think a daily close above 110 with a retest and then strong volume on another push up is likely

I've read some other TA guys thinking 109 is the more critical level so we can see if we can sustain above that. ATH incoming?? I sure hope so!

i feel like this is playing out almost exactly like last year, imo, $185+ by EOY


just like the US federal debt, nothing stops this train...

Ya I'm looking at a Dec expiration for some calls

Bag said:

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i feel like this is playing out almost exactly like last year, imo, $185+ by EOY


just like the US federal debt, nothing stops this train...

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I feel the same. That's why I did call expiration in 6/2026. May be overkill though on time but I didn't want theta decay to get me if it takes until EOY to pump. I'm thinking 150-200k in 2025

What's your strike

Yukon Cornelius said:

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What's your strike

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$80. Sorry I should have included that. I'm not getting greedy with it and just looking for 2-3x before getting out. I've let way too many calls climb up to that level in past and didn't sell because of greed and then watching the premium slide and theta decay get me.

Edit: I researched that roughly 1750 IBIT shares is equal to 1 BTC. So for me to hit strike price, BTC would need to get to 140k. If that happened today the call would be $16.81 and put me up 2.5x. If it takes til Dec 30th to reach 140k call would be $11.53 so up less than 2x. Of course, in the short term, momentum and quick pumps in BTC price can overextend premium values above these levels so that is probably what I will be looking for. Here's to hoping for that omega candle!

I bought MSTR calls this morning 400 strike in August. Already up 40%

Weee woooo

I see that Grayscale got approved for a mixed crypto ETF holding BTC, ETH, SOL and XRP. Is there anything that is currently available with the same asset mix?

Not sure. I know there's one that holds Bitcoin and gold BTGD.

Done7 said:

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The ETF's will drive institutional demand and will move SOL prices up to be more accurately compared to Etherum. Specially since SOL does more than ETH. A $300 SOL prices within the next few months is very doable if institutions start buying Solana via the ETF's.

ChatGPT helped with below.

If Solana (SOL) reached Ethereum's market cap ($300B), it would trade at **$560** per SOL.
SOL's current market cap is ~$82B, and price is around $153.
Here's what SOL would be worth at different % of Ethereum's market cap:
25% of ETH ~$140
33% of ETH ~$187
50% of ETH ~$280
75% of ETH ~$420
100% of ETH ~$560

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Am I missing something how the heck did Solana get a staking ETF before ETH? Good for my bags I guess

🚨JUST IN: The first-ever Solana staking ETF, $SSK, ended its debut day with $33M in volume and $12M in inflows, per @REXShares. It outperformed Solana and XRP futures ETFs but trailed Bitcoin and Ether spot ETFs. pic.twitter.com/aB9Nd05VXl

— SolanaFloor (@SolanaFloor) July 2, 2025

I think they have a work around via another company or something

How we feeling about this rally? Think we break 110k test and hold?

prove me wrong.

All alt coins are simply technologies, infinitely replicable. Technologies are inherently deflationary, essentially a race to the bottom. IMO, there is only one coin, all these others, including ETH are going to zero.

Take XRP for example, what are you actually buying when you buy XPR coins? You are not getting a stake in Ripple, you are buying a technology that can be replicated forever.

There is only one coin, everything else is just pump and dump with zero long term value

On a long enough timeline that's probably accurate. But that's like saying you're not going to invest in AAPL in the 90s because in a few hundreds years the technology will surpass aapl.

And Bitcoin isn't immune to any technological advances either. In a few generations there could be a new and better money etc.

Bitcoin still has to pass the test if transaction fees are enough to incentivize miners when the block rewards become very very little.

Yukon Cornelius said:

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On a long enough timeline that's probably accurate. But that's like saying you're not going to invest in AAPL in the 90s because in a few hundreds years the technology will surpass aapl.

And Bitcoin isn't immune to any technological advances either. In a few generations there could be a new and better money etc.

Bitcoin still has to pass the test if transaction fees are enough to incentivize miners when the block rewards become very very little.

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the difference is that coins != stocks. When I buy apple stock I am buying a % of the company, when I buy xrp coins I am not buying a % of Ripple.

• TCP/IP changed the world. It had no token.
• VisaNet processes trillions. No one buys "VisaNetCoin."

Just because XRP might be useful in a transactional backend doesn't mean:

• The token must appreciate.

• You should hold it as an investment.

imo the entire alt coin space will burn to the ground sooner rather than later

I think you are right there. Probably 95-99% are that way and owning the "token or coin" is meaningless. The future is tokenization of real world assets. Like dollars, stocks, loans, deeds etc.

After spending 10 years thinking about Money & Bitcoin, here's the simplest explanation I can come up with:

Money is a technology to move Value across Space, Time, and Scale.

Value is the utility humans derive from Goods & Services.

Value is highly subjective, and it changes…

— Matteo Pellegrini ⚡️ (@matteopelleg) July 3, 2025

I was thinking about this lately, I believe this tweet to the perfect summary of why BTC is an unstoppable train that will eventually eat the total addressable market of around $100T.

It takes all the great parts the fiat system and all the great parts of the gold standard merges them together and then totally eliminates the need for the banking system from a transactional perspective.

it cant be beat and I am starting to get on board with divine intervention


Bitcoin is a synthetic monetary system that:

• Has fiat's accessibility
• Gold's integrity
• Banking's infrastructure

… but none of their weaknesses.

Stuff like that completely fails to understand that there isn't a single security, good, or store of value that has ever defied the laws of human nature, sentiment, and mass herding.

In other words, as long as BTC is traded, it will follow the same general patterns of liquidity expansion and subtraction. It will have highs and lows. It will have bull markets and bear markets. Because there will never be a time that someone is unwilling to offer their supply to the market. And there absolutely will be times when nobody is demanding BTC. Where the bid meets the ask is where BTC will be. Always. Just like everything else that has ever been traded. This doesn't even take into account the sharp moves in both directions from derivative liquidity creation and destruction.

And while there's an argument of finite supply, that argument falls away when you consider that nothing is stopping someone from creating a BTC equivalent at some point in the future, not to mention if another existing crypto gains popularity for the same general purposes. BTC itself is finite. The potential for the space it operates in to not be finite is huge.

Btc stalled again. Crazy sideways consolidation though. Once it breaks through it'll probably rip very hard

Heineken-Ashi said:

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Stuff like that completely fails to understand that there isn't a single security, good, or store of value that has ever defied the laws of human nature, sentiment, and mass herding.

In other words, as long as BTC is traded, it will follow the same general patterns of liquidity expansion and subtraction. It will have highs and lows. It will have bull markets and bear markets. Because there will never be a time that someone is unwilling to offer their supply to the market. And there absolutely will be times when nobody is demanding BTC. Where the bid meets the ask is where BTC will be. Always. Just like everything else that has ever been traded. This doesn't even take into account the sharp moves in both directions from derivative liquidity creation and destruction.

And while there's an argument of finite supply, that argument falls away when you consider that nothing is stopping someone from creating a BTC equivalent at some point in the future, not to mention if another existing crypto gains popularity for the same general purposes. BTC itself is finite. The potential for the space it operates in to not be finite is huge.

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i would argue that everyone is stopping someone from creating a BTC equivalent

Yukon Cornelius said:

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Btc stalled again. Crazy sideways consolidation though. Once it breaks through it'll probably rip very hard

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very hard indeed, it will be 2024 all over again

I think you're right. In 24 Trumps win was the catalyst. Maybe the BBB bill passing or rate cut announcement will trigger it in 25.

14 year bitcoin wallets moving billions of btc.