The hash power wars are heating up—and $NAT might just become Bitcoin’s first trillion-dollar commodity. We break down why the SEC’s surprising crypto-friendly shift could supercharge Ethereum treasuries, why Trump is suddenly shilling Bitcoin, and how hash power economics could redefine BTC’s value layer.

We dive into how $NAT aligns with Bitcoin’s long-term security budget, why ETH treasuries are a multi-year asymmetric bet, Michael Saylor’s unfair advantage and what ETH projects must learn, the real implications of stablecoin dominance and global adoption, and the macro triggers like rate cuts, unemployment, and the next BTC all-time high.

If you’re here for memes, market structure, and the kind of alpha you can’t get from CNBC, you’re in the right place.

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