The Jensen Huang situation continues to spiral. The persecution or cancel culture framing doesn’t really land. He manifestly committed the acts he admitted to (the affairs, not the spying or espionage allegations, which remain unproven). If I had to guess, based on his public comments, he stepped down out of shame, not because of peer pressure. It’s hard, imho, to frame this as him somehow being persecuted or the reaction disproportionate. The public and media response was appropriate and commensurate with the CEO of one of the biggest and arguably most important and visible companies in the world being embroiled in a scandal involving three reported affairs. One of the affairs was ongoing until the story broke, so this wasn’t a case of someone’s distant past being weaponized against him years later, or some minor or imagined transgression being blown out of proportion, as is typical of cancel culture. By comparison, this is more of a tabloid-worthy celebrity scandal involving powerful people, than an internet-led lynch mob against a powerless or innocent person.
A new CEO will be found, NVDA will continue to sell a shit ton of chips, and AI will continue. The story is ongoing, and it’s also possible he returns. The US will keep projecting the appearance of enforcing export controls while looking the other way. Trump is fully on board with AI, and there will be no meaningful regulation or slowdown. Full speed ahead. Congress is divided, and no meaningful legislation is forthcoming as tech takes control. The dynamism of big tech and AI contrasts with the sclerosis in Congress and other branches of government. Anyone surprised by this does not understand Trump well. Trump is pathologically competitive. He sees everything as a race or a zero-sum game. He thinks AI is cool, and many of his advisers are pro-AI, so he equates being anti-AI with the left and his enemies.
Bitcoin has crashed. I was right, as always. From just a week ago, “The daily view 11/9/2026: Polymarket, Midterms, Stock Market Crash, AI & Job Loss, Jensen Huang.” Here is what I said:
As shown above, QQQ and IBIT are roughly tied in performance since April 27, 2026. Now comes the divergence, in which QQQ recovers much faster than Bitcoin does. A similar pattern was seen in 2025 too. I profit from said divergence:
Fast-forward to now, and Bitcoin has crashed 13% while QQQ has gone up. So many people assumed crypto had entered a new cycle. Among the accounts I track or follow, I was listening to an episode of the Plausibly Deniable podcast, and one of the hosts (Lukas) said, “Crypto is back.” Bitcoin was above $82,000 at the time, so it seemed he was right, as Bitcoin had recovered from its lows earlier that year. Or take L0m3z pumping Zcash. I was thinking to myself, “You’re right about many things, but not this.” Admittedly, Zcash and Monero are better than Bitcoin when it comes to privacy features, so he is right about that, but stocks are still better than crypto. Below, you can see the difference:
Now
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Then
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Will I take profits to prevent a repeat of what happened three months ago? No. Yes, not taking profits was a mistake three months ago, but second-order logic dictates that the first-order, obvious outcome–that the gap narrows as Bitcoin finds support at $63,000–will fail precisely because it’s so obvious. The market almost never does what everyone expects. The less obvious outcome is that Bitcoin keeps falling. So that’s what I’m betting on, and will not take profits.
Shorting Bitcoin is even a great hedge against the NVDA CEO leaving, despite the two being entirely unrelated. It’s also a great hedge against Iran, an AI bubble, inflation—everything. It was my idea. If AI collapses, crypto will too. I profit from the divergence no matter what. What makes my idea so brilliant is that I don’t need to be right about the economy or AI. I just need the gap to widen, which is more certain than those other things. I am hedged against much of the downside. I can participate in the upside of tech stocks while having the downside mostly hedged.
When it comes to finance and forecasting, I only listen to myself, as no one does it better. If you can find such a person, let me know. No one who shills crypto is ever right. People who take their advice always regret it and wish they had bought a diversified index fund instead.