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They waived the profitability test. They're fast-tracking SpaceX into the S&P 500 and major indices within days of the IPO — a process that used to take quarters and required actual earnings. Rules that existed for decades, gone. For one company. One IPO. Meanwhile Bitcoin and gold are the two worst performing major assets right now. That is not a coincidence. The institutions are rotating out of hard money to manufacture exit liquidity for retail on a $2 trillion valuation built on hype, not earnings. You are the exit liquidity. Don't be.

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