Bitcoin Survives Biggest Crypto Hack In History?!

Jordi Visser argues that the reported $6 billion Binance hack is less a crypto-specific event than another sign that AI-driven attacks are becoming a durable feature of the market. He says the immediate Bitcoin selloff was modest relative to the size of the breach, and that institutional involvement, ETF adoption, and Binance’s decision to backstop users make the long-term reaction more constructive than in prior cycles. He also thinks quantum concerns will accelerate security work across the industry.

Visser ties Bitcoin’s price action to a broader macro and liquidity backdrop: higher real rates, heavy AI-related capital spending, and a difficult trading environment where rallies have been grinding rather than clean. He expects Bitcoin to test the 200-day moving average and says the market remains choppy until a catalyst arrives, though he is becoming more constructive into the next six months.

The other big theme is AI adoption and valuation. Visser sees Anthropic’s S-1, Oracle’s investor day, Microsoft’s 60,000-person buyout offer, and Eli Lilly’s record quarter as evidence that fundamentals are still strong even as valuations cool. He is especially bullish Eli Lilly, calling it a rare business that combines durable cash flow, AI-enabled productivity, and long-term healthcare demand. He also says Bitcoin is the “purest AI trade” because AI raises both cyber risk and the case for decentralized money.