June 23: SpaceX Crashes, Bitcoin Bleeds, and Why Something Feels Off

Markets were hit with a broad risk-off selloff as more than $717 million in crypto positions were liquidated, dragging Bitcoin below $62,000 and pushing major cryptocurrencies sharply lower. Matt examines why this wasn't just a crypto event, but a market-wide move that also hit technology stocks, AI-related assets, and SpaceX, raising questions about whether investors are reacting to geopolitical risks, institutional positioning, or something else entirely.

The episode also covers Strategy's weakening preferred stock and what it could mean for the company's Bitcoin acquisition strategy, the Senate's passage of a four-year ban on a Federal Reserve CBDC, and Ripple's preliminary MiCA approval in Europe. Matt also explores growing concerns around quantum computing after new government initiatives aimed at preparing for future encryption threats, and what that could eventually mean for Bitcoin, Ethereum, and digital asset security.

Finally, Matt looks at the ongoing SpaceX correction, discusses Craig Cobb's warning that lower Bitcoin lows may still be ahead, and asks the question many investors are wondering this morning: if everything is selling off at once, what does the market know that we don't?

Happy Hodling, Everyone.

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