Current situation: 1. Bitcoin is trading above 120,000 for the first time in history 2. Gold prices are surging above 3,400/oz and 3% away from a record high 3. Ethereum is set to cross above 4,000 for the first time since December 2024 4. Ripple is trading above 3.50 for the first time in history 5. The 10Y Note Yield is set to break above 4.5% even as Trump calls for a 300 bps rate cut 6. Silver prices are trading at their highest level since 2011 The deficit spending crisis is much worse than you think.(The Kobeissi Letter)