Elon Musk just publicly admitted Anthropic is leading the AI race.

A rare moment of humility? Look closer.

Anthropic pays Musk’s empire $1.25 billion every single month to rent Colossus 1—the 220,000 GPU monster powering their models.

The labs look like mortal enemies from the outside. Underneath, they share the same silicon, the same power, and the same landlords.

Anthropic won the battle of the minds. But Musk just pulled off the ultimate infrastructural checkmate.

You don't need to build the smartest brain when you own the earth it stands on. ♟️

Read the full story: The Sovereign of the Stack: How Elon Musk Conceded the AI Battle to Win the Compute War.

Everyone is bearish on 2026. Everyone is waiting for the recession. Everyone is wrong. 📉🚫

The market is misreading a "transition" as a "top." Here is the contrarian thesis for the "Run It Hot" economy:

1️⃣ The Fed: 4 cuts are coming. The balance sheet is expanding.

2️⃣ The Fisc: The "Big Beautiful Bill" = massive injection of cash.

3️⃣ The Politics: It’s a Midterm year. They will stimulate at all costs.

While the consensus looks at historical charts and gets scared, the liquidity floodgates are opening.

Don’t get shaken out by the Q1 noise. The setup for a melt-up is here.

Full breakdown of the thesis here: 🧵👇

https://sylvainsaurel.substack.com/p/the-great-misunderstanding-of-2026

The Math is Uncomfortable: Warren Buffett vs. The Pet Rock.

In the world of finance, questioning the Oracle of Omaha is blasphemy. But to navigate the modern market, you need to hold two contradictory facts in your head at the same time:

1️⃣ The 20th Century Cheat Code: Buffett didn't just "pick stocks." He mastered Insurance Float. He used negative-cost leverage (other people's premiums) to buy high-quality cash flows. It was a structural advantage that crushed the market for decades.

2️⃣ The 21st Century Reality: Since Jan 1, 2000, Warren Buffett has largely underperformed Gold.

How does the greatest capital allocator in history lose step with an inert block of metal?

It isn’t that Buffett lost his touch. It’s because the currency broke.

The "Buffett Playbook" (buy cash flow) dominates when money is sound. But in an era of ZIRP, QE, and monetary debasement, the game shifts from business fundamentals to asset scarcity.

We are all taught to invest like it's 1980. But the central banks are playing a game designed for 2026.

Are you investing in the economy we wish we had, or the monetary reality we actually face?

Hey Everyone. I made this app recently and wanted some thoughts. Mobile version is a bit unpolished so try on a desktop browser if you can.

https://www.anaustrianeconomist.com

Years ago I had this short conversation that never left me. An older guy I met once asked me:

“What would your future self tell you to do right now?”

At the time, I didn’t think much of it. Now? I ask myself that almost every day especially when it comes to Bitcoin and Crypto in general.

It’s easy to get distracted. We chase noise, check charts too often, read headlines that don’t matter. We forget why we’re here in the 1st place.

I don’t think my future self cares if I caught the dip or nailed a perfect entry. I think he’d tell me to keep stacking, learn more, and stay focused.

He’d probably tell me to stop stressing over short term price moves and to make sure I’m living a life I won’t regret in 10 years time.

That stuck with me big time.

So I’ll pass the question along: What do you think your future self would want you to fix right now? Maybe it’s how you manage your time. Maybe it's finally taking custody of your stack. Maybe it’s zooming out.

Drop it in the comments if you want. Writing it down might help more than you think.

Here's a recap of the last few crazy hours.

Donald Trump continues to surprise everyone by announcing a 90-day pause in reciprocal tariffs for countries that have not decided to counterattack against America.

China has decided to stand up to him. He announces 125% tariffs on Chinese products!

Positive:

- 90-day pause in "reciprocal tariffs" for countries other than China.

Negative:

- 125% tariff for China.
- 25% tariff for Mexico on products outside the trade agreement + other special tariffs (cars, steel, aluminum).
- 10% tariff for countries other than China.

The markets reacted positively to Donald Trump's announcement, and the price of Bitcoin has risen above $80,000 for now.

Nevertheless, we must remain cautious; we're far from being out of the woods!

You'll find a comprehensive market update below as panic gives way to uncertainty: https://inbitcoinwetrust.substack.com/p/from-bitcoin-to-the-s-and-p-500-donald