GSI Banner
  • Free Access
  • Contributors
  • Membership Levels
  • Grey Swan Forecasts
  • Video
  • Origins
  • Sponsors
  • My Account
  • Sign In
  • Join Now

  • Free Access
  • Contributors
  • Membership Levels
  • Grey Swan Forecasts
  • Video
  • Origins
  • Sponsors
  • Contact

© 2026 Grey Swan Investment Fraternity

  • Cookie Policy
  • Privacy Policy
  • Terms & Conditions
  • Do Not Sell or Share My Personal Information
  • Whitelist Us
Ripple Effect

Crypto’s $2 Trillion Wipeout

Addison WigginAddison Wiggin

February 5, 2026 • 1 minute, 5 second read


BitcoinCrypto

Crypto’s $2 Trillion Wipeout

Since peaking in early October, the market cap of all cryptocurrencies has slid from a $4.3 trillion peak to about $2.3 trillion today:

Turn Your Images On

Following a series of massive liquidations, crypto has erased $2 trillion in market cap since October. (Source: Kobeissi Letter)

In comparison, gold’s 9% haircut last Friday wiped out a similar $2 trillion valuation.

We forecast markets would hit historic highs before getting chopped in half. Bitcoin and cryptos as a block are leading the way early in the year.

We’ll be talking to Mark Jeftovic tomorrow about tge big pops and drops lately and how to play them. The price action at the top is a feature —  not a flaw — of this “Most terrifying bull” market.

~ Addison

 

P.S.  Mark Jeftovic’s joining us at a special time this week for Grey Swan Live! — Friday, February 6, at 2 p.m. ET. He’s going to help us unpack a set of signals in crypto and Dollar 2.0 digital assets that rarely appear at the same time — and almost never by accident.

Turn Your Images On

Mark will walk us through what’s happening with bitcoin, and what to expect next when capital, policy, and power start pulling in the same direction. Fascinating stuff!

Our Banyan Hill Publishing partner has an exciting crypto play via Ian King Next Gen Coin. Learn more about it here.


Personal AI Makes a Strong Debut

October 9, 2026 • Addison Wiggin

Most people still use AI as little more than a search engine, but Big Tech is betting big that consumers are ready for something more…

Personal AI Makes a Strong Debut
The AI Résistance Du Jour

October 8, 2026 • Addison Wiggin

Big Tech may have the money to build AI data centers, but it still needs voters and local governments to let them.

The AI Résistance Du Jour
Seven Ways the AI boom Is Different From 1929 and 1999

October 7, 2026 • Addison Wiggin

AI has the technology hype of 1999 and the capital intensity of 1929 — but the real risk may be hiding in the financing behind the boom.

Seven Ways the AI boom Is Different From 1929 and 1999
Bessent’s “Squeeze Play” Is Still On

October 6, 2026 • Addison Wiggin

Treasurys have been battered for years, but their sky-high yields may finally be giving contrarian investors a reason to buy the dip.

Bessent’s “Squeeze Play” Is Still On