BitFinance Weekly Round Up 2/6
What a week.
Bitcoin touched $60,000 on Thursday, its steepest single-day decline since the FTX collapse in November 2022.
The Nasdaq shed 3.9% on the week.
Silver posted its worst day since March 1980.
If your portfolio felt like it got hit by a bus, the bus was real and it was going fast.
The natural instinct during weeks like this is to stare at screens. Refresh. Doom-scroll. Repeat.
I chose a differ
ent path.
While markets were doing their best impression of a controlled demolition, I spent the week building.
I spun up a new landing pages for Block3 and our upcoming products using Lovable, an AI tool that turns prompts into functional web apps. What used to take a developer two weeks and a few thousand dollars took me an afternoon.
10/10 would recommend Lovable (check them out!)
I also deployed a Claude-powered bot using Discord that released sub-agents across three divisions. Now my bot is the effective CEO running agents for content, trading, and idea generation.
Watching AI agents self-organize across business functions is the kind of thing that makes you forget about red candles for a few hours.
Outside of the digital world, I hit the pavement.
Visited a dozen RIA offices this week, hand-delivering a copy of my book along with a handwritten note to specific investment managers on leadership teams.
The pitch is simple: your clients are already using AI to ask questions about their money before they call you. The advisors who understand that shift will build deeper relationships. The ones who don’t will wonder where the assets went.
Getting ready for some events in the coming weeks and excited about the systems taking shape. More to come.
Now, let’s get to what happened and what’s ahead.
TL;DR: This Week’s Posts
Is That Your Final Answer? The Quiet Erosion of a Million Dollars (Feb 2)
TL;DR: A million dollars in 1999 had the purchasing power of roughly $1.95 million today.
After taxes, a game show winner in 2026 nets about $300,000 in 1999 dollars. The prize hasn’t changed. Your expectations were just calibrated to a different era.
This piece uses game shows as a lens to examine how nominal anchors quietly erode purchasing power across portfolios, salaries, and financial products while the entities benefiting from that erosion have zero incentive to tell you about it.
Two Markets, One Selloff (Feb 4)
TL;DR: Bitcoin ETF outflows hit $6 billion over three months while DeFi total value locked dropped only 12%.
These aren’t contradictory signals.
They’re signals from different participants.
ETF capital tracks price. DeFi capital uses infrastructure.
Only $53 million in DeFi positions are liquidatable within 20% of current prices.
Compare that to 2022’s Terra implosion and the picture gets clearer: speculators are leaving, infrastructure users are staying. The question isn’t “should I sell?” It’s “am I trading or using?”
READ THIS BOOK (#1): What Morgan Housel Gets Right About Spending
TL;DR: What people really want from money is the ability to stop thinking about money.
Housel’s follow-up to The Psychology of Money argues that most people use wealth as a yardstick instead of a tool.
The core insight that resonated: track your independence level, not your net worth. I mapped his 15 levels of wealth against my own position and introduced the concept of “freedom points,” where each smart allocation moves you toward calendar ownership and each reckless one surrenders ground.
No one’s obituary mentions their car’s horsepower.
Winners & Losers
🏆 Winners
Short Sellers. The bears feasted. Bitcoin dropped over 10% in a single day to $63,000. Silver cratered 30% on Friday alone. Software stocks hit fresh 52-week lows across the board. If you were short crypto, short enterprise software, or short precious metals, this was your week.
Berkshire Hathaway. While the Nasdaq was shedding nearly 4% and tech names were in freefall, BRK continued to hold near all-time highs. Buffett’s $325 billion cash pile looks less like caution and more like positioning with each passing week. Old man still knows a thing or two.
The US Dollar. As risk assets sold off across the board, capital rotated into the perceived safety of dollars and short-duration Treasuries. The 10-year yield held around 4.29%, and the Fed’s 3.50-3.75% target range gave cash holders a reason not to chase anything.
📉 Losers
Crypto holders. Bitcoin plunged to $63,000, its weakest level since October 2024. Ether dropped 17%. XRP fell 19%. Over $1.6 billion in leveraged positions were liquidated in a 24-hour stretch. The longest monthly losing streak since 2018 continues, and the “digital gold” narrative is getting stress-tested in real time.
Software stocks. Enterprise software entered what can only be described as an existential reckoning. ServiceNow, Salesforce, HubSpot, Atlassian, and Adobe all hit fresh 52-week lows. AI isn’t just disrupting workflows anymore. It’s disrupting the valuations of the companies that built them.
Precious metals. Silver posted its worst single-day drop on record, falling 30% on Friday. Gold slid 15% from its all-time high set just days earlier. The rally that dominated early 2026 unwound violently, and the reversal caught momentum traders completely offsides.
Looking Ahead: Week of February 9
The next seven days are loaded. Between delayed economic data and a wave of earnings, there’s no shortage of catalysts.
US Jobs Report (Feb 11, delayed from Feb 6): The government shutdown pushed this one back. Consensus expects 70K payrolls and 4.4% unemployment. Weakness here reignites rate cut talk.
US CPI Inflation (Feb 13, also delayed): December held at 2.7% headline and 2.6% core. Any movement in either direction becomes the week’s dominant narrative.
Coinbase Earnings (Feb 12, after market): COIN reports into one of the ugliest crypto backdrops in two years. The stock is already down over 50% since its last earnings print. Revenue estimate sits at $1.89B. This call will tell us a lot about institutional appetite.
Other notable earnings: Spotify, Robinhood, McDonald’s, Cisco, Airbnb, Rivian, and Twilio all report. Each one offers a different read on the consumer, the tech stack, and where capital is flowing.
Trade carefully out there. Skip the leverage. And if you’re looking for help integrating AI into your advisory practice or building a digital asset framework for clients, you know where to find me.
Until next week.
— Matthew
X: @bit_finance_
oh! one last thing…if you want to dive deeper into how Buffett’s investing principles applies to digital assets, check out my book.
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