LikeFolio Weekly Roundup

This week, it’s all about BITCOIN.

Bitcoin flew past all-time highs, topping $118,000 for the first time ever as institutional inflows into ETFs reignited the bull run.

• Spot Bitcoin ETFs recorded their largest day of inflows in 2025 on Thursday, with $1.18 billion added. Total ETF inflows since mid-April are now near $16 billion. Buying has come from asset managers, corporate treasuries, and retail platforms.

• Traders are betting that the Federal Reserve will lower interest rates sooner rather than later. That would reduce the appeal of holding cash and government bonds, while making fixed-supply assets like Bitcoin more attractive. Political pressure on the Fed is also mounting, with uncertainty around whether Powell will remain in his role.

• The newly signed “One Big Beautiful Bill” includes large increases in government spending, which will add to the national debt. For many investors, that’s a clear reason to move into Bitcoin, which cannot be printed or manipulated by policymakers.

• Over $650 million in Bitcoin short positions were liquidated in 24 hours as the breakout accelerated. Forced buying from leverage unwinds helped push the price above $118,000.

Bitcoin-related stocks moved higher in tandem. MicroStrategy, Coinbase, Robinhood, Marathon, and Riot all posted weekly gains.

Bitcoin is on pace to close the week up nearly 10%. ETF inflows, leverage pressure, and macro tailwinds have created the perfect runway into Q3.

Here's what you need to remember from here:

The biggest mistake investors make with infinite hold assets like Bitcoin is thinking they can outsmart the timing.

You sell into strength, expecting to buy back on a pullback. But when the next leg higher begins, you hesitate. Then you wait. Then it runs away from you. That’s how people got left behind on Amazon (AMZN), Tesla (TSLA), and Apple (AAPL) over the past two decades.

Don't try to time the Bitcoin market.

Remember, you can still buy Bitcoin for under $0.12 million.

Here’s an overview of the biggest news and largest movers in our portfolio through close on Thursday, July 10:

Infinite Hold Update 

Tesla (TSLA): Tesla began the week with a sharp selloff after Elon Musk announced the formation of a new political party. The “America Party,” introduced Sunday evening, dominated media coverage and raised fresh concerns that Musk’s political ambitions could distract from Tesla’s product roadmap. On Monday, Tesla shares fell nearly 7%, dipping below $293 as analysts flagged the risk of leadership focus drifting away from core execution.

But the pullback didn’t hold. By Friday midday, Tesla is trading just under $309 and has recovered a significant portion of the week’s early losses. 

This move higher was bolstered by future AI integrations. On Wednesday, Elon Musk confirmed that Grok, Tesla’s AI assistant developed by xAI, will begin rolling out to Full Self-Driving vehicles as early as next week. This marks the first real integration of conversational AI into Tesla’s operating system, and it ties directly into the company’s Robotaxi ambitions. Grok transforms the in-car experience from button-based to voice-native, unlocking a smarter, more seamless interface for drivers and—eventually—passengers.

While other automakers are showcasing AI copilots in concept form, Tesla is moving toward deployment across its installed fleet. Grok’s arrival is an additive step toward autonomy at scale, and the fact that it’s reaching vehicles now is a great sign.

We’re also watching demand in real-time as consumers scramble to take advantage of existing tax credits for EVs before they expire. 

Amazon (AMZN): Amazon entered the week with high expectations as its longest Prime Day event ever kicked off Tuesday. But early data threw cold water on the opening surge. Adobe reported a 10% year-over-year increase in U.S. online sales to $7.9 billion on Day 1, but third-party trackers pointed to slower conversion and a 41% decline compared to last year’s first-day volume. Amazon pushed back, saying the extended four-day window is shifting purchase behavior later in the event.

The stock held steady through the noise, trading around $221 midday Friday. That’s still below recent analyst targets in the $240–$250 range and well within the post-Prime Day bounce zone.

This week’s debate over day-one softness misses the bigger point: Amazon controls the retail calendar.

Members – watch for an update next week once all the data is in. 

Portfolio Update

Bitcoin-Adjacent Names Soar

Bitcoin miner Marathon (MARA) soared +13% through Thursday and Strategy (MSTR) popped +6% higher as the price of Bitcoin soared.

We expect these Bitcoin proxy plays to continue to move higher on Bitcoin breakouts like the one we logged this week.

New Positions Dip

We logged a dip in both Lemonade (LMND) and Oscar Health (OSCR) – positions which have been open less than two months. 

We view near-term dips like these as accumulation opportunities, especially this early in our investment window. Our data and conviction remains high for each stock. 

SoundHound (SOUN): +8%

SoundHound surged nearly 12% this week as investors piled into names tied to Agentic AI, the branch of AI designed to act autonomously without constant human input. SoundHound’s edge is its real-world application: fully voice-powered ordering systems for restaurants, where labor shortages are pushing demand through the roof. Bookings hit $1.2 billion in 2024 and the company is guiding for up to $177 million in 2025 revenue, more than double last year. That kind of acceleration, backed by a $140 billion total addressable market, is bullish fodder.

Reddit (RDDT): -6%

No major news out of reddit this week. Forward-looking ad visits suggest growing interests among advertisers while user engagement continues to grow: 

It’s important to note this ad traffic is an acceleration from prior quarter levels of +89% YoY. Bullish.

Reminder: Earnings Season Pass kicks off this Sunday! If you aren’t already a member and want to be, check the link below:

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