While every other asset on the planet is vomiting to lifetime highs every single weekday, Bitcoin has lost its mojo. It is down over $10,000 from its peak, and if you can put on your science fiction hat and imagine a day in which assets are deflating, I think you’ll see cryptos collapse.

In the meanwhile, let’s look at a few corporations which have utterly abandoned their normal business and have completely tied their fate to the $BTC chart. We start with MicroStrategy MSTR – – a firm which has been around for decades, although no one has ever met anyone who has ever done business with them – – – and they are neck-deep in BTC purchases, having even borrowed billions to buy more. Let’s just say a failure of that horizontal would mean doom-a-palooza.

(Click on image to enlarge)

Similarly, Blockchain (symbol RIOT) has a long history of making dramatic, sweeping moves based on crypto’s machinations. I strongly suspect much lower prices in the months ahead.

(Click on image to enlarge)

Although they make cars (reportedly losing $1,000 for every one they sell, but they’ll make it up in volume, I suppose), Tesla’s TSLA profits can only be attributed to government-mandated carbon credits which normal car companies are forced to hand over to Elon’s company, and – – embarrassingly enough – – crypto trading. Perhaps the whole “SNL Host” in a couple of Saturdays will turn things around.

(Click on image to enlarge)

And the totally amped-up version of this is Cathie “she looks like a nice lady” Wood’s ARK empire ARKK, which has the double-whammy of tying itself to Bitcoin as well as Tesla (which itself is tied to Bitcoin).

(Click on image to enlarge)

Simply stated, if the chart below keeps slipping, you can expect every single stock above to do the same.

(Click on image to enlarge)