GM. This is Milk Road, the crypto newsletter hotter than your group chat during a market pump.
Here’s a taste of this week’s menu:
- 🔥 All roads lead to the money printer.
- 🥵 Saylor is forcing Wall Street to dance.
- 🌶️ The SaaS apocalypse doesn't add up.
Outskill is hosting a hands-on bootcamp designed to make you an AI expert in just 16 hours. Reserve your free spot now.
HOT TAKES OF THE WEEK 🔥
All roads lead to the money printer 🖨️
James Lavish (Co-manager of the Bitcoin Opportunity Fund) broke down his "four doors" framework on the U.S. debt situation.
You've got $39T in debt doubling every 10 years. Four options: austerity (politically dead), raise taxes (kills productivity - see Europe), default (destroys the dollar forever), or print money.
Guess which one wins every time?
Because of this, James is calling $100-125k Bitcoin by year-end and $150k next year unless a black swan hits.
And even if a black swan DOES hit?
Even better for him long-term, because the Fed has no choice but to show up with fire hoses of liquidity to stabilize things.
🎙️ Listen to the full episode here.
Everyone's missing that Saylor is forcing Wall St. to dance 🕺
John Gillen (Host & Analyst at Milk Road) says retail is completely misreading Strategy's latest buying spree.
Everyone's looking at the price action saying "Saylor's buying and Bitcoin's not moving - must be bearish."
John's response: that's the POINT.
Saylor's doing these buys OTC specifically so he doesn't slam the spot order books - it’s intentional stealth accumulation.
What’s even bigger is how his STRC product found such strong product-market fit that every major Wall Street institution is now being FORCED to launch competing Bitcoin income products, just to keep their clients from walking.
He's basically running a Trojan horse through the biggest firms on the planet.
🎙️ Listen to the full episode here.
The SaaS apocalypse doesn't add up mathematically 🧮
Amit Kukreja (Founder of Amit Investing) laid out a paradox that's been bugging him.
The market has been nuking Salesforce, Adobe, and ServiceNow because of the Anthropic/AI narrative.
But the ONLY reason those stocks should be getting crushed is if AI is truly eating their lunch - which would mean Nvidia should simultaneously be ripping to $20T.
It's not. Nvidia's been stuck around $190.
Either SaaS isn't actually dying and the selloff is overdone, or Nvidia is massively underpriced.
You can't have both.
🎙️ Listen to the full episode here.
LEARN IMPORTANT AI SKILLS FOR FREE
If you’re not using AI yet, you’re already falling behind.
Tools like Claude can help you build AI agents that can double your output in hours.
But where do you start learning all this?
Outskill is hosting a hands-on bootcamp designed to make you an AI expert in just 16 hours.
Here’s what you’ll learn:
- How to build AI automations
- How to create your own AI workflows
- Real AI use cases to 10x your output
This session is completely free but only for the next 72 hours.
HOT TAKES OF THE WEEK (P2) 🔥
ETH is having both its worst AND most secure quarter ever 🔐
Michael Nadeau (Founder of The DeFi Report) dropped a wild paradox about Ethereum.
Q1 2026 was literally the worst quarter ever for Ethereum in terms of real economic value (fees paid to validators and onchain activity).
But at the same time, the staking rate hit all-time highs. More ETH is securing the network than ever before.
Michael's take: net dilution is now at or BELOW Bitcoin's inflation rate, which means ETH basically has a stable yield, insane security, and low inflation.
He thinks this is the exact narrative Wall Street needs to hear to stop treating ETH as "silver to Bitcoin's gold" and start treating it as its own store of value with utility.
🎙️ Listen to the full episode here.
The Fed can't fix a supply shock, so they'll just do nothing 🤷
Ole Hansen (Head of Commodity Strategy at Saxo Bank) says the Fed is stuck in one helluva pickle.
Because the oil shock hitting right now is a supply problem, not a demand problem.
You can't raise rates to fix it - you'd just crush growth without adding a single barrel of oil to the market.
Ole's bet: if the Iran conflict were to drag on, the focus would flip from inflation to growth damage - fast.
With central bankers going from fighting inflation to supporting a weakening economy.
🎙️ Listen to the full episode here.
PRO INSIGHT OF THE WEEK 🔮
There’s been a lot of talk about Strategy’s STRC this week (the stock that pays holders 11.5% yield) - not just on Crypto Twitter, but within our own Discord.
On Thursday, one of our team members (Tgal) snuck into our PRO Discord and started peppering our Head of Research (Kyle) with questions.
Here’s how the conversation went down…
Tgal: “I don’t really see the point in owning STRC unless you’re betting on a period of stagnation for BTC price right? Cause it would be way better to hold BTC in a bull. And both are dangerous in a bear. Am I missing something?”
Kyle: “Many people hold cash as savings in bear and bull markets - this gives you 11.5% yield on your savings.”
Tgal: “But this has additional risk compared to cash. If I understand correctly, a scenario where BTC doesn’t grow or declines in price for too long could lead to this asset collapsing because they’ll be paying out too much in dividends to sustain it.”
Kyle: “Yup, this is directionally correct. It’s definitely not a "set and forget" yield play - but Strategy already has 2+ years of cash to pay these dividends and the system is designed to balance itself with supply/demand.”
“So its not as much of a ponzi as people think. Definitely higher risk for yield, but if you're active and paying attention, I think it could be a viable option.”
P.S. Want direct access to our PRO analyst team, so you can get your burning questions answered in real-time and make the right moves?
BITE-SIZED COOKIES FOR THE ROAD 🍪
The entire industry is headed to Miami. Get 20% off Consensus Miami passes with code MILKROAD.*
Wild pivot! Allbirds just axed their shoe business and moved into AI infrastructure (juicing their equity value hundreds of percent in a single day).
This bodes well: Congress is starting to see ‘winning the bitcoin race’ as a matter of national security.
So it’s not just me? James Lavish calls this recent market "one of the most difficult investing periods" of his 30yr career.
The moment is here. Midnight, the fourth generation blockchain designed for real world adoption, is officially live.*
*this is sponsored content.
MILKY MEMES 🤣
