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Duke Professor Campbell Harvey explains why a 51% Bitcoin attack has become profitable and feasible today "Why would you spend billions investing in mining equipment, take over the network, but then the price of Bitcoin collapses to zero, so you spend all this money to get nothing? The only... way to justify it was a nefarious geopolitical entity, a country or organization wanting to do havoc, thinking it might spill over into the main financial system. That's the only way it made sense until a couple of years ago" "The difference today is the derivatives markets, these markets are highly liquid. What you want to do is simultaneously during the attack take a short position in Bitcoin, and with a short the ideal outcome is if the asset goes to zero. You'd have to do this offshore because it's blatant market manipulation, but it's feasible to launch a profitable attack. I contrast this with gold, there's no risk I can think of that the price of gold goes to zero"show more

The Wolf Of All Streets

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"In my opinion the Ethereum network is much more secure in the long term. There's no obvious way to do a Bitcoin-like attack on it" Duke Professor Campbell Harvey on why you can't pull off the Bitcoin attack on Ethereum "This is important because most tokenized assets reside on either the Ethereum blockchain or Ethereum compatible blockchains. But Ethereum has a different method, there's no mining anymore, it's proof of stake. You'd need to take over at least a third of the existing Ethereum, and that turns out to be really hard to do" "Much of the Ethereum is staked, there's a huge queue to go into staking and not much to actually come out. About 65% of the supply is available to unstake, so to get a third you have to buy over half of the existing supply. That's going to be very expensive and would drive the price of Ether up dramatically" "The same trade we talked about for Bitcoin, where you buy the equipment and short the Bitcoin, doesn't work for Ethereum. Because you're buying the Ether, and then if you're selling, it's a wash. So there's no obvious way to do a Bitcoin-like attack on the network"

"In my opinion the Ethereum network is much more secure in the long term. There's no obvious way to do a Bitcoin-like attack on it" Duke Professor Campbell Harvey on why you can't pull off the Bitcoin attack on Ethereum "This is important because most tokenized assets reside on either the Ethereum blockchain or Ethereum compatible blockchains. But Ethereum has a different method, there's no mining anymore, it's proof of stake. You'd need to take over at least a third of the existing Ethereum, and that turns out to be really hard to do" "Much of the Ethereum is staked, there's a huge queue to go into staking and not much to actually come out. About 65% of the supply is available to unstake, so to get a third you have to buy over half of the existing supply. That's going to be very expensive and would drive the price of Ether up dramatically" "The same trade we talked about for Bitcoin, where you buy the equipment and short the Bitcoin, doesn't work for Ethereum. Because you're buying the Ether, and then if you're selling, it's a wash. So there's no obvious way to do a Bitcoin-like attack on the network"

The Wolf Of All Streets

59,726 Aufrufe • vor 6 Tagen

"I used to be a bitcoiner. The transition to a new store of value only happens once every 3,000 years. That's the main prize -- just focus on that. But [security] is the criteria that ultimately convinced me to flip from Bitcoin to ETH." "I have a higher degree of certainty that Ethereum will be around longer [than Bitcoin]. The reason for that is because Bitcoin relies on proof-of-work, which is less efficient than proof-of-stake and doesn't scale with the value of the network. And as the block subsidy of Bitcoin halves every four years, it is increasingly becoming more and more reliant on transaction fees to fund the security budget paid to miners." "If you look at [Bitcoin's] security budget right now, about 0.6% of revenue to miners is transaction fees... The problem with that is if Bitcoin becomes 'digital gold', flips gold, and becomes a $30 trillion asset, but it only costs $10-20 billion to attack it, that's too asymmetric." "You want the security budget to scale with the market cap, similar to how countries spend a % of their GDP on defense. The more valuable something is, the more you need to spend to protect it." "Ethereum, with the Merge, migrated to proof-of-stake, which is fundamentally more secure because it's less reliant on transaction fees and it scales with the value of the network. If 1/3rd of ETH is staked and then you need 1/3rd of those ETH to censor the network, you're looking at roughly 10% of the total market cap as the cost to attack the network." "So if Ethereum flips Bitcoin and gold and becomes a $30 trillion asset, it'll cost ~$3 trillion to attack the Ethereum network versus Bitcoin at like $10 billion." "The other aspect here is that as AI hyperscalers invest more and more in AI, proof-of-work becomes increasingly vulnerable because the cost to attack the Bitcoin network is starting to look close to the quarterly CapEx these hyperscalers are spending on their data centers." Full interview on Bankless with Vivek Raman discussing the new Etherealize "Productive Money" report below.

"I used to be a bitcoiner. The transition to a new store of value only happens once every 3,000 years. That's the main prize -- just focus on that. But [security] is the criteria that ultimately convinced me to flip from Bitcoin to ETH." "I have a higher degree of certainty that Ethereum will be around longer [than Bitcoin]. The reason for that is because Bitcoin relies on proof-of-work, which is less efficient than proof-of-stake and doesn't scale with the value of the network. And as the block subsidy of Bitcoin halves every four years, it is increasingly becoming more and more reliant on transaction fees to fund the security budget paid to miners." "If you look at [Bitcoin's] security budget right now, about 0.6% of revenue to miners is transaction fees... The problem with that is if Bitcoin becomes 'digital gold', flips gold, and becomes a $30 trillion asset, but it only costs $10-20 billion to attack it, that's too asymmetric." "You want the security budget to scale with the market cap, similar to how countries spend a % of their GDP on defense. The more valuable something is, the more you need to spend to protect it." "Ethereum, with the Merge, migrated to proof-of-stake, which is fundamentally more secure because it's less reliant on transaction fees and it scales with the value of the network. If 1/3rd of ETH is staked and then you need 1/3rd of those ETH to censor the network, you're looking at roughly 10% of the total market cap as the cost to attack the network." "So if Ethereum flips Bitcoin and gold and becomes a $30 trillion asset, it'll cost ~$3 trillion to attack the Ethereum network versus Bitcoin at like $10 billion." "The other aspect here is that as AI hyperscalers invest more and more in AI, proof-of-work becomes increasingly vulnerable because the cost to attack the Bitcoin network is starting to look close to the quarterly CapEx these hyperscalers are spending on their data centers." Full interview on Bankless with Vivek Raman discussing the new Etherealize "Productive Money" report below.

Michael McGuiness

120,328 Aufrufe • vor 2 Monaten

The World Economic Forum doesn't talk about Bitcoin - so I made sure that we did in 2025. I took the chance to ask if the US will adopt a Bitcoin strategic reserve during the 'Crypto at a Crossroads' session inside this year's WEF conference. Coinbase's Brian Armstrong remains confident we will see a Bitcoin reserve in America. Interestingly, South Africa's Reserve Bank Governor Lesetja Kganyago made it evident that many still don't understand the underlying value proposition of Bitcoin. Armstrong provided an important response: "Many things have been used as money over the years. I think it's clear at this point that, you know, Bitcoin is a better form of money than gold. It is provably scarce, just like gold, but it's more portable and divisible. So you can actually use it. It was the best performing asset of the last ten years. And so for a store of value, I think it's going to be important for governments to hold this over time. It may not it might start with being 1% of their reserves, but I think over time it'll come to be equal to or greater than gold reserves." Cointelegraph

The World Economic Forum doesn't talk about Bitcoin - so I made sure that we did in 2025. I took the chance to ask if the US will adopt a Bitcoin strategic reserve during the 'Crypto at a Crossroads' session inside this year's WEF conference. Coinbase's Brian Armstrong remains confident we will see a Bitcoin reserve in America. Interestingly, South Africa's Reserve Bank Governor Lesetja Kganyago made it evident that many still don't understand the underlying value proposition of Bitcoin. Armstrong provided an important response: "Many things have been used as money over the years. I think it's clear at this point that, you know, Bitcoin is a better form of money than gold. It is provably scarce, just like gold, but it's more portable and divisible. So you can actually use it. It was the best performing asset of the last ten years. And so for a store of value, I think it's going to be important for governments to hold this over time. It may not it might start with being 1% of their reserves, but I think over time it'll come to be equal to or greater than gold reserves." Cointelegraph

Gareth Jenkinson

452,090 Aufrufe • vor 1 Jahr

Ed Dowd: "What we're learning from the Epstein files is that it's an operating system...[and] let's not forget Epstein was involved in money laundering... [and now] Bitcoin has been tied to... Epstein, and he's been involved in taking over the network and funding it... If you wanted to set up your own dark-money blackmail operation and launder money, Bitcoin would be the perfect way to do it, I guess." This clip of Dowd (Edward Dowd), a former BlackRock fund manager and co-founder of Phinance Technologies, is taken from an interview with Jesse Day (Jesse Day) posted to the Commodity Culture YouTube channel on February 28, 2026. ---------------Partial transcription of clip--------------- "What we're learning from the Epstein files is that it's an operating system. So we have the public-facing institutions, but we find out there's a layer of people above them that know how to manipulate that whole thing to their benefit through Kompromat and blackmail, and money laundering. "Let's not forget Epstein was involved in money laundering. That's how a lot of this stuff was. It's all dark money. And the other thing that surprised me, that I didn't. This angle I didn't think of. And again, we'll find out more, but Bitcoin has been tied to Jeffrey Epstein, and he's been involved in taking over the network and funding it. I don't know what to think of that and intuitively makes sense. "If you wanted to set up your own dark money blackmail operation and launder money, Bitcoin would be the perfect way to do it. I guess. So, you know, there's a lot that's being revealed, and I don't, you know, I don't know what that means for Bitcoin long term, but, it certainly kind of disrupts the narrative that bitcoin is freedom. "I mean, that was kind of one of the narratives that we were hearing. And I've never been a bitcoin, bear or bull. I've always said it's a. It's a proxy for NASDAQ and liquidity trade, you know. You know, buyer beware. It's not a store of wealth. It's very volatile. So that's what it's always been to me is a volatile, you know, 95% correlated asset to the NASDAQ."

Ed Dowd: "What we're learning from the Epstein files is that it's an operating system...[and] let's not forget Epstein was involved in money laundering... [and now] Bitcoin has been tied to... Epstein, and he's been involved in taking over the network and funding it... If you wanted to set up your own dark-money blackmail operation and launder money, Bitcoin would be the perfect way to do it, I guess." This clip of Dowd (Edward Dowd), a former BlackRock fund manager and co-founder of Phinance Technologies, is taken from an interview with Jesse Day (Jesse Day) posted to the Commodity Culture YouTube channel on February 28, 2026. ---------------Partial transcription of clip--------------- "What we're learning from the Epstein files is that it's an operating system. So we have the public-facing institutions, but we find out there's a layer of people above them that know how to manipulate that whole thing to their benefit through Kompromat and blackmail, and money laundering. "Let's not forget Epstein was involved in money laundering. That's how a lot of this stuff was. It's all dark money. And the other thing that surprised me, that I didn't. This angle I didn't think of. And again, we'll find out more, but Bitcoin has been tied to Jeffrey Epstein, and he's been involved in taking over the network and funding it. I don't know what to think of that and intuitively makes sense. "If you wanted to set up your own dark money blackmail operation and launder money, Bitcoin would be the perfect way to do it. I guess. So, you know, there's a lot that's being revealed, and I don't, you know, I don't know what that means for Bitcoin long term, but, it certainly kind of disrupts the narrative that bitcoin is freedom. "I mean, that was kind of one of the narratives that we were hearing. And I've never been a bitcoin, bear or bull. I've always said it's a. It's a proxy for NASDAQ and liquidity trade, you know. You know, buyer beware. It's not a store of wealth. It's very volatile. So that's what it's always been to me is a volatile, you know, 95% correlated asset to the NASDAQ."

Sense Receptor

21,167 Aufrufe • vor 4 Monaten

Former BlackRock fund manager Ed Dowd: "The metals are telling you that there's uncertainty out there and a lack of trust... [and] that gold and silver are going to be part of the new monetary system... [so] gold and silver are the trade and not Bitcoin so much." This clip of Dowd (Edward Dowd), who is also the founder of Phinance Technologies, is taken from a discussion with Michael Farris (Michael Farris) posted to YouTube on January 13, 2026. ---------------Partial transcription of clip--------------- "The metals are telling you that there's uncertainty out there and a lack of trust. I think the big, the moves in gold and silver are really discounting a lack of trust and fear of what is coming and what it's going to look like. And, and also it's also telling you that gold and silver are going to be part of the new monetary system. "And Bitcoin, interestingly enough, has stalled out. It's down 20% since October, the high in October and Bitcoin is barely up today. So, you know, there was always this thesis around Bitcoin that when when there's a new monetary system comes, it's going to, it's going to be protection against, you know, any of that kind of uncertainty. It's increasing. It's becoming increasingly obvious to me that gold and silver are the trade and not Bitcoin so much. "And Bitcoin, unfortunately, is very highly correlated to the Nasdaq and it's disconnected from the Nasdaq. The Nasdaq and Bitcoin have disconnected temporarily. Generally speaking, they're highly correlated. So what does that say? Does that say Nasdaq is going to catch up down to Bitcoin or is Bitcoin going to rally back up? I think that the Nasdaq is going to go down to bitcoin. So that's where we are."

Former BlackRock fund manager Ed Dowd: "The metals are telling you that there's uncertainty out there and a lack of trust... [and] that gold and silver are going to be part of the new monetary system... [so] gold and silver are the trade and not Bitcoin so much." This clip of Dowd (Edward Dowd), who is also the founder of Phinance Technologies, is taken from a discussion with Michael Farris (Michael Farris) posted to YouTube on January 13, 2026. ---------------Partial transcription of clip--------------- "The metals are telling you that there's uncertainty out there and a lack of trust. I think the big, the moves in gold and silver are really discounting a lack of trust and fear of what is coming and what it's going to look like. And, and also it's also telling you that gold and silver are going to be part of the new monetary system. "And Bitcoin, interestingly enough, has stalled out. It's down 20% since October, the high in October and Bitcoin is barely up today. So, you know, there was always this thesis around Bitcoin that when when there's a new monetary system comes, it's going to, it's going to be protection against, you know, any of that kind of uncertainty. It's increasing. It's becoming increasingly obvious to me that gold and silver are the trade and not Bitcoin so much. "And Bitcoin, unfortunately, is very highly correlated to the Nasdaq and it's disconnected from the Nasdaq. The Nasdaq and Bitcoin have disconnected temporarily. Generally speaking, they're highly correlated. So what does that say? Does that say Nasdaq is going to catch up down to Bitcoin or is Bitcoin going to rally back up? I think that the Nasdaq is going to go down to bitcoin. So that's where we are."

Sense Receptor

136,648 Aufrufe • vor 6 Monaten

The $250,000 ETH Productive Money Price Target Explained "You just have to look at the monetary premium that currently exists in gold and Bitcoin. If ETH is better money than gold and Bitcoin, it should capture the monetary premium of those two assets. Today gold has a market cap of ~$30 trillion and Bitcoin has a market cap of ~$1.5 trillion. If you divide that by 121 million ETH, you get a price somewhere between $250,000 and $300,000." Michael McGuiness continues: "I view Bitcoin and gold as the rough TAMs for scarce assets without counterparty risk. That's what gold is and that's what Bitcoin is... and I actually think that could end up being low because it doesn't include other TAMs like the broader money supply -- M2 is ~$22 trillion. There's a monetary premium in asset classes like luxury real estate -- you're not buying an apartment in NYC for the cap rate; it's more of a store of value. If the world converged on ETH as its store of value, it might win that monetary premium as well." Vivek Raman adds: "It sounds audacious but Ethereum is audacious. It's a new technology and people need to start thinking in exponentials... Institutional investors are starting to realize too that it's not just a discounted cash flow model -- Ethereum is not a software company. It's going for money. The repricing from an asset that's not well-understood yet to a productive money that's the global reserve asset is not something that's going to stop at a 10x... And that's what the opportunity is. There aren't many assets out there that have an intrinsic value floor with actual fundamental value plus a monetary premium -- and you have the ability to capture the growth of an entire network that's kind of like owning a piece of the Internet early on. That's what ETH is. It's one of the greatest assets I've ever seen." Mike adds: "I know the number can sound crazy on the surface, but one sanity check I like to do is: there's ~60 million millionaires and there's ~121 million ETH. If every millionaire globally tried to buy some ETH, they'd each be able to own ~2. Obviously there are people out there who own a lot more than 2 ETH, so it'd be less than that. So that's another way of thinking about these few-hundred-thousand-dollar price targets. I used to think about Bitcoin the same way. It's just a nice sanity check: If this is the global reserve asset and the world converges on it, and everyone tries to buy it, how much is left to go around?" Read the full report and watch the full The Edge Podcast interview with Vivek Raman and Michael McGuiness in the links below.

The $250,000 ETH Productive Money Price Target Explained "You just have to look at the monetary premium that currently exists in gold and Bitcoin. If ETH is better money than gold and Bitcoin, it should capture the monetary premium of those two assets. Today gold has a market cap of ~$30 trillion and Bitcoin has a market cap of ~$1.5 trillion. If you divide that by 121 million ETH, you get a price somewhere between $250,000 and $300,000." Michael McGuiness continues: "I view Bitcoin and gold as the rough TAMs for scarce assets without counterparty risk. That's what gold is and that's what Bitcoin is... and I actually think that could end up being low because it doesn't include other TAMs like the broader money supply -- M2 is ~$22 trillion. There's a monetary premium in asset classes like luxury real estate -- you're not buying an apartment in NYC for the cap rate; it's more of a store of value. If the world converged on ETH as its store of value, it might win that monetary premium as well." Vivek Raman adds: "It sounds audacious but Ethereum is audacious. It's a new technology and people need to start thinking in exponentials... Institutional investors are starting to realize too that it's not just a discounted cash flow model -- Ethereum is not a software company. It's going for money. The repricing from an asset that's not well-understood yet to a productive money that's the global reserve asset is not something that's going to stop at a 10x... And that's what the opportunity is. There aren't many assets out there that have an intrinsic value floor with actual fundamental value plus a monetary premium -- and you have the ability to capture the growth of an entire network that's kind of like owning a piece of the Internet early on. That's what ETH is. It's one of the greatest assets I've ever seen." Mike adds: "I know the number can sound crazy on the surface, but one sanity check I like to do is: there's ~60 million millionaires and there's ~121 million ETH. If every millionaire globally tried to buy some ETH, they'd each be able to own ~2. Obviously there are people out there who own a lot more than 2 ETH, so it'd be less than that. So that's another way of thinking about these few-hundred-thousand-dollar price targets. I used to think about Bitcoin the same way. It's just a nice sanity check: If this is the global reserve asset and the world converges on it, and everyone tries to buy it, how much is left to go around?" Read the full report and watch the full The Edge Podcast interview with Vivek Raman and Michael McGuiness in the links below.

Etherealize

169,258 Aufrufe • vor 2 Monaten

Billionaire Grant Cardone explains why Bitcoin is better than gold "Go try to sell $10 million worth of gold today. You'll only get 70% of the market price." "You can trade millions of Bitcoin in minutes. It's not just money, it's technology."

Billionaire Grant Cardone explains why Bitcoin is better than gold "Go try to sell $10 million worth of gold today. You'll only get 70% of the market price." "You can trade millions of Bitcoin in minutes. It's not just money, it's technology."

Sapiens - KalshiBackTest.com

26,796 Aufrufe • vor 1 Monat

Matthew Kratter of Bitcoin University gives one of the best talks on Bitcoin: "If self sovereign adoption took us from zero dollars a coin to sixty nine thousand dollars a coin, all of those flows from BlackRock and the Trumps and Saylor and everything has has only taken us a few ten thousand dollars higher than at this moment." "Instead of looking to the government or Saylor or BlackRock or someone else as our saviors, if you want the price of Bitcoin to go up, you just need to use it as money yourself. You need to because if Bitcoiners aren't going to use Bitcoin as money, I'm not sure who is." "Ask to pay in Bitcoin, ask to be paid to be paid in Bitcoin, because this is how real Bitcoin adoption works. You should be HODLing your sats, trying to get rid of US dollars, whatever your fiat currency is, because this is the money of pedophile rings and forever wars. Don't hold US dollars. And that's the that's the fastest way we get to higher Bitcoin prices is we need to destroy US dollar network effects. And we need to increase Bitcoin network effects. And the way you do that is every Bitcoiner runs a node, gets paid in Bitcoin and tries to buy as much as possible using using Bitcoin."

Matthew Kratter of Bitcoin University gives one of the best talks on Bitcoin: "If self sovereign adoption took us from zero dollars a coin to sixty nine thousand dollars a coin, all of those flows from BlackRock and the Trumps and Saylor and everything has has only taken us a few ten thousand dollars higher than at this moment." "Instead of looking to the government or Saylor or BlackRock or someone else as our saviors, if you want the price of Bitcoin to go up, you just need to use it as money yourself. You need to because if Bitcoiners aren't going to use Bitcoin as money, I'm not sure who is." "Ask to pay in Bitcoin, ask to be paid to be paid in Bitcoin, because this is how real Bitcoin adoption works. You should be HODLing your sats, trying to get rid of US dollars, whatever your fiat currency is, because this is the money of pedophile rings and forever wars. Don't hold US dollars. And that's the that's the fastest way we get to higher Bitcoin prices is we need to destroy US dollar network effects. And we need to increase Bitcoin network effects. And the way you do that is every Bitcoiner runs a node, gets paid in Bitcoin and tries to buy as much as possible using using Bitcoin."

Simply Bitcoin

58,694 Aufrufe • vor 1 Monat

“What’s the catch? This sounds too good to be true.” - the standard reaction from many $STRC critics. Michael Saylor's answer was surprisingly simple: “If you think Bitcoin is going to zero tomorrow forever, you don’t want to own this. If you actually believe in Bitcoin, it’s not terribly risky.” He compared STRC to owning a high-yield building in Manhattan. You only lose if Manhattan sinks into the ocean, the manager burns the building down, or the underlying asset fails. In this case, the underlying asset is Bitcoin. That’s why STRC’s credit risk is basically just a function of your Bitcoin outlook. “If you think Bitcoin is as good as the S&P, this is investment grade.” “If you think Bitcoin outperforms the S&P, it’s almost riskless.” “If you think Bitcoin goes to zero, then this is distressed credit.” h/t Schwab Network

“What’s the catch? This sounds too good to be true.” - the standard reaction from many $STRC critics. Michael Saylor's answer was surprisingly simple: “If you think Bitcoin is going to zero tomorrow forever, you don’t want to own this. If you actually believe in Bitcoin, it’s not terribly risky.” He compared STRC to owning a high-yield building in Manhattan. You only lose if Manhattan sinks into the ocean, the manager burns the building down, or the underlying asset fails. In this case, the underlying asset is Bitcoin. That’s why STRC’s credit risk is basically just a function of your Bitcoin outlook. “If you think Bitcoin is as good as the S&P, this is investment grade.” “If you think Bitcoin outperforms the S&P, it’s almost riskless.” “If you think Bitcoin goes to zero, then this is distressed credit.” h/t Schwab Network

Alex 👽

18,963 Aufrufe • vor 1 Monat

So, does it matter that Bitcoin seems to be moving away from its cypherpunk roots? Bitcoin ETFs and Bitcoin Treasuries have taken BTC mainstream. So I asked Saifedean Ammous this very question. His answer might surprise you... 👀👇 "If you have very strong feelings about how people should and shouldn't use Bitcoin, you're in for a rough time." "To be honest, a lot of people project too much onto Bitcoin. Ultimately, it's just a bunch of software and anybody can use it in any way they want. Initially, it's a small subset of people that use it and then they start projecting their values onto it. And then over time, they expect it to continue to abide by that," Ammous said. "If it's a successful technology, it's going to be used by everybody. It's going to be used by small businesses, large businesses, governments, individuals. It's money. Everybody uses money. There are 8.5 billion people on Earth, they all use money and they're all going to continue to use money. And Bitcoin is just the best money." Ultimately, the protocol itself is immune to the financial instruments that TradFi has concocted. If people want to lend against their BTC or create complex financial products, that does not actually impact the underlying network. "The way that the protocol works is that it's completely blind to what you're doing with your coins on the Bitcoin blockchain there is no paper Bitcoin there's no such thing as paper Bitcoin there's only 21 million Bitcoin and every node makes sure of that every 10 minutes and then if somebody who has some of these Bitcoin on their private key decides to sell obligations or financial liabilities referring to that Bitcoin under any condition, that's their choice. It's outside of Bitcoin and it's outside of the realm of other Bitcoin users being able to say this is right or wrong and this should happen or shouldn't happen. People are going to do whatever they want with the Bitcoin, including selling access to it or exposure to it in all kinds of different ways. And if you don't like it, you don't buy it, you can stack your own Bitcoin." You can find the full interview for Cointelegraph in the 🧵. If you enjoyed this content, please like 🧡, retweet 🔁 and follow me 👋!

So, does it matter that Bitcoin seems to be moving away from its cypherpunk roots? Bitcoin ETFs and Bitcoin Treasuries have taken BTC mainstream. So I asked Saifedean Ammous this very question. His answer might surprise you... 👀👇 "If you have very strong feelings about how people should and shouldn't use Bitcoin, you're in for a rough time." "To be honest, a lot of people project too much onto Bitcoin. Ultimately, it's just a bunch of software and anybody can use it in any way they want. Initially, it's a small subset of people that use it and then they start projecting their values onto it. And then over time, they expect it to continue to abide by that," Ammous said. "If it's a successful technology, it's going to be used by everybody. It's going to be used by small businesses, large businesses, governments, individuals. It's money. Everybody uses money. There are 8.5 billion people on Earth, they all use money and they're all going to continue to use money. And Bitcoin is just the best money." Ultimately, the protocol itself is immune to the financial instruments that TradFi has concocted. If people want to lend against their BTC or create complex financial products, that does not actually impact the underlying network. "The way that the protocol works is that it's completely blind to what you're doing with your coins on the Bitcoin blockchain there is no paper Bitcoin there's no such thing as paper Bitcoin there's only 21 million Bitcoin and every node makes sure of that every 10 minutes and then if somebody who has some of these Bitcoin on their private key decides to sell obligations or financial liabilities referring to that Bitcoin under any condition, that's their choice. It's outside of Bitcoin and it's outside of the realm of other Bitcoin users being able to say this is right or wrong and this should happen or shouldn't happen. People are going to do whatever they want with the Bitcoin, including selling access to it or exposure to it in all kinds of different ways. And if you don't like it, you don't buy it, you can stack your own Bitcoin." You can find the full interview for Cointelegraph in the 🧵. If you enjoyed this content, please like 🧡, retweet 🔁 and follow me 👋!

Gareth Jenkinson

34,417 Aufrufe • vor 7 Monaten

"Bitcoin is oversold. It's been artificially lumped in with software stocks for no good reason." Lyn Alden (Lyn Alden) on why the crash hit Bitcoin harder than it should have: "The washout from the Treasury company mNAVs was painful. The quantum FUD had to be explored. The four-year cycle had to be tested. But I think the majority of the pain is behind us." "Gold went from undervalued to fairly valued fast, the market rightsized it. It's not a bubble, but it's somewhat euphoric right now." "Sentiment on Bitcoin is unfairly negative, to say the least." "Gun to my head, if I had to bet Bitcoin or gold over the next two to three years, I'd bet Bitcoin. I own both. I've always owned both. But if I had to pick, it's Bitcoin." Translation: the crash lumped Bitcoin in with the AI software selloff it has nothing to do with. Gold ran its move and is now near fair value. Bitcoin got sold on sentiment, not fundamentals, which is exactly the setup that reverses when risk appetite returns.

"Bitcoin is oversold. It's been artificially lumped in with software stocks for no good reason." Lyn Alden (Lyn Alden) on why the crash hit Bitcoin harder than it should have: "The washout from the Treasury company mNAVs was painful. The quantum FUD had to be explored. The four-year cycle had to be tested. But I think the majority of the pain is behind us." "Gold went from undervalued to fairly valued fast, the market rightsized it. It's not a bubble, but it's somewhat euphoric right now." "Sentiment on Bitcoin is unfairly negative, to say the least." "Gun to my head, if I had to bet Bitcoin or gold over the next two to three years, I'd bet Bitcoin. I own both. I've always owned both. But if I had to pick, it's Bitcoin." Translation: the crash lumped Bitcoin in with the AI software selloff it has nothing to do with. Gold ran its move and is now near fair value. Bitcoin got sold on sentiment, not fundamentals, which is exactly the setup that reverses when risk appetite returns.

Michaël van de Poppe

127,417 Aufrufe • vor 1 Monat

This is the former President of PayPal talking about using #Bitcoin to make the $7.5 Trillion DAILY Foreign Exchange Market a much more efficient & profitable place. He is talking about building what Strike is building and compared the current monetary rails to a fax machine. I also completely agree with him that #Bitcoin will not be the currency people use to buy goods and services, however, it is a great settlement layer where you can have USD effectively on #Bitcoin rails and do immediate settlements. This is the best explanation of a corporate application of #Bitcoin being used as an invisible service layer that I've heard. If you think the corporates "don't get it" and only Twitter Anon's can "get it" - you're a moron. These people are smart and can catch up quickly with manpower. To put it into perspective, if 25% of the Daily Foreign Exchange market was on #Bitcoin rails it means $1.875 Trillion of daily consistent demand for #Bitcoin. That would equate to a $225 Trillion #Bitcoin Market Cap - assuming BofA's Bull Market Multiple is right. This means - just 25% of this market alone coming onto the #Bitcoin Rails would add $10.5m onto the price of #Bitcoin. Thanks for finding the video!

This is the former President of PayPal talking about using #Bitcoin to make the $7.5 Trillion DAILY Foreign Exchange Market a much more efficient & profitable place. He is talking about building what Strike is building and compared the current monetary rails to a fax machine. I also completely agree with him that #Bitcoin will not be the currency people use to buy goods and services, however, it is a great settlement layer where you can have USD effectively on #Bitcoin rails and do immediate settlements. This is the best explanation of a corporate application of #Bitcoin being used as an invisible service layer that I've heard. If you think the corporates "don't get it" and only Twitter Anon's can "get it" - you're a moron. These people are smart and can catch up quickly with manpower. To put it into perspective, if 25% of the Daily Foreign Exchange market was on #Bitcoin rails it means $1.875 Trillion of daily consistent demand for #Bitcoin. That would equate to a $225 Trillion #Bitcoin Market Cap - assuming BofA's Bull Market Multiple is right. This means - just 25% of this market alone coming onto the #Bitcoin Rails would add $10.5m onto the price of #Bitcoin. Thanks for finding the video!

BRITISH HODL ❤️‍🔥🐂❤️‍🔥

229,736 Aufrufe • vor 2 Jahren

💥💥💥 “If we look at #Bitcoin and model it as digital gold, you know the market cap goes to between $10 and $20 trillion, but remember gold is defective property. Gold is dead money. You have a billion dollars of gold that sits in a vault for a decade. It's very hard to mortgage the gold. It's also very hard to rent the gold. You can't loan the gold. No one's going to create a business with your gold, so gold it doesn't generate much of a yield, so for that reason most people wouldn't store a billion dollars for a decade in Gold. They would buy a billion dollars of commercial real estate property and the reason why is because I can rent it and generate a yield on it that's in excess of the maintenance cost. So if you consider digital property, that's a $100 to $200 trillion addressable market, so I would think it goes from $10 trillion to $100 trillion as people start to think of it as is digital property. What does that mean in terms of price per coin? At $500,000 that's a $10 trillion asset, at $5 million that's a $100 trillion dollar asset. So you think it crosses a million, it can go even higher? Yeah. I think it keeps going up forever. I mean there's no reason we couldn't go to $10 million a coin because digital property isn't the highest form right. Gold was that low frequency money. Property is a mid frequency money but when I start to program it faster it starts to look like digital energy and then it doesn't just replace property, then you're starting to replace bonds. It's $100 trillion in bonds, there's $50 to $100 trillion in other currency derivatives and these are all conventional use cases right. I think that there's $350 trillion to $500 trillion worth of currency derivatives in the world and when I say that I mean things that are valued based upon Fiat cash flows. Any commercial real estate, any bond, any sovereign debt, any currency itself, any derivatives to those things, they're all derivatives and they're all defective and they're all defective because of this persistent 7% to 14% lapse in which we call inflation.”- Michael Saylor

💥💥💥 “If we look at #Bitcoin and model it as digital gold, you know the market cap goes to between $10 and $20 trillion, but remember gold is defective property. Gold is dead money. You have a billion dollars of gold that sits in a vault for a decade. It's very hard to mortgage the gold. It's also very hard to rent the gold. You can't loan the gold. No one's going to create a business with your gold, so gold it doesn't generate much of a yield, so for that reason most people wouldn't store a billion dollars for a decade in Gold. They would buy a billion dollars of commercial real estate property and the reason why is because I can rent it and generate a yield on it that's in excess of the maintenance cost. So if you consider digital property, that's a $100 to $200 trillion addressable market, so I would think it goes from $10 trillion to $100 trillion as people start to think of it as is digital property. What does that mean in terms of price per coin? At $500,000 that's a $10 trillion asset, at $5 million that's a $100 trillion dollar asset. So you think it crosses a million, it can go even higher? Yeah. I think it keeps going up forever. I mean there's no reason we couldn't go to $10 million a coin because digital property isn't the highest form right. Gold was that low frequency money. Property is a mid frequency money but when I start to program it faster it starts to look like digital energy and then it doesn't just replace property, then you're starting to replace bonds. It's $100 trillion in bonds, there's $50 to $100 trillion in other currency derivatives and these are all conventional use cases right. I think that there's $350 trillion to $500 trillion worth of currency derivatives in the world and when I say that I mean things that are valued based upon Fiat cash flows. Any commercial real estate, any bond, any sovereign debt, any currency itself, any derivatives to those things, they're all derivatives and they're all defective and they're all defective because of this persistent 7% to 14% lapse in which we call inflation.”- Michael Saylor

Bitcoin News Alerts OG 📢🔥

177,359 Aufrufe • vor 2 Jahren

The best investment I ever made is in myself, to make the decision a long time ago to jump into entrepreneurship, to take the risk, to take the chance. Many people don't do it. Only about a third of the population ever tries it, and the other two-thirds end up working for the third that gave it a shot. That's basically what happens. It's a very tough thing to invest in yourself because you don't know the outcome. It's lots of risk. It's great to do it in your 20s because if you're successful, it'll redefine your life.

The best investment I ever made is in myself, to make the decision a long time ago to jump into entrepreneurship, to take the risk, to take the chance. Many people don't do it. Only about a third of the population ever tries it, and the other two-thirds end up working for the third that gave it a shot. That's basically what happens. It's a very tough thing to invest in yourself because you don't know the outcome. It's lots of risk. It's great to do it in your 20s because if you're successful, it'll redefine your life.

Kevin O'Leary aka Mr. Wonderful

43,648 Aufrufe • vor 3 Monaten

Making Sense Of Strategy What is happening with $MSTR? If you’ve been following me on X for any meaningful length of time, you will know that I have been attempting to calibrate people’s expectations of the stock's performance for the best part of 2025. Here I have synthesised all of my thoughts and distilled them into a single video. If you prefer YouTube, you can watch it here: If you prefer written format, continue reading. The first thing we need to understand is what Strategy is and why people invest in it. Strategy At the highest level, Strategy is leveraged Bitcoin. That’s it. Strategy leverages debt to acquire more Bitcoin. Therefore, the main reason you invest in Strategy is because you want to outperform Bitcoin. The only thing better than Bitcoin is more Bitcoin. The second thing we need to understand is mNAV. mNAV Generally speaking for a pure-play Bitcoin Treasury Company like Strategy, mNAV is a reflection of the market's expectation of future Bitcoin Yield. Bitcoin Yield comes with diminishing returns because each additional Bitcoin purchase contributes less to Bitcoin Per Share. Thus, the larger your Bitcoin stack, the harder it becomes to generate Bitcoin Yield and by extension the harder it becomes to outperform Bitcoin. This is why on a Bitcoin Standard, over a long enough time horizon, mNAV trends towards 1 since the maximum amount of Bitcoin you can own is 21M. With all this in mind, why is Strategy trading where it is and why is it trading at such a low mNAV? There are a few reasons. 1. Strategy Is A Different Company In 2025 Firstly, Strategy is a totally different company in 2025 to the one it was in 2020. For context, believe it or not, the company only introduced Bitcoin Yield and Bitcoin Per Share in the July 2024 Q2 Earnings Call and so it was only after that that they began optimising for those metrics. In my view, that is also when Michael Saylor truly started to understand the opportunity that was in front of him, which is why in October 2024 we saw Strategy announce the 21/21 plan which became the catalyst for the parabolic run we saw in November 2024 where $MSTR went on to briefly hit an all-time-high of around $550. Since people are comparing $MSTR this cycle to the $MSTR of last cycle when it briefly traded at an mNAV of over 8x, it is distorting their expectations. Again, Strategy is a totally different company today with a totally different set of dynamics. 2. New Industry Secondly, we need to recognise that the Bitcoin Treasury Company industry is entirely new which means that the market has been forced to learn and adapt in real-time. With Strategy being the first and by far the largest Bitcoin Treasury Company, it has gained a disproportionate amount of attention and as a result it has attracted a disproportionate amount of speculative capital along the way while everyone has been trying to figure out how to value it. Consequently, in my view, the move we saw in November 2024 was an over-correction to the upside — which by the way coincided with Bitcoin’s parabolic run following Donald Trump’s election win — and what we’re now seeing is an over-correction to the downside. 3. Bitcoin Yield Thirdly, as I mentioned at the beginning, Bitcoin Treasury Companies are currently valued based on how much Bitcoin Yield they are expected to generate in the future. At the time of recording, Strategy currently holds precisely 637,460 Bitcoin — that’s over 3% of the total Bitcoin supply — which means that it is much, much harder to generate meaningful Bitcoin Yield, which again is why we’re seeing the mNAV compress. However, there is a caveat here. There is another metric that Strategy have introduced which is Bitcoin $ Gain. Bitcoin $ Gain is defined as the $ value of newly acquired Bitcoin within any period. Strategy — and I don’t blame them — have been attempting to encourage the market to interpret Bitcoin $ Gain as “earnings” and to value the company based on how much earnings it is expected to generate in the future. For full disclosure, I personally dislike Bitcoin $ Gain as a valuation metric. I think framing it as “earnings” is misleading and disingenuous. I understand why it has been introduced because it speaks the language of Wall Street. However, traditional earnings are final. Bitcoin $ Gain is not because it is forever subject to the price of Bitcoin. Therefore, for Bitcoin $ Gain to be embraced by Wall Street, the market must collectively agree that Bitcoin is going up forever. I remain very sceptical of that happening — especially in the short-to-medium term. However, I am also not attached to my beliefs and so if Wall Street does decide to embrace Bitcoin $ Gain as its primary valuation metric, then $MSTR is likely undervalued by a factor of 5-10x. If not, then $MSTR is likely undervalued by a factor of 1-2x. If you’re not content with the latter being the worst case scenario, then the stock probably isn’t for you. 4. Preferred Products Fourthly, the Strategy thesis right now revolves entirely around the success of its preferred products. Remember, Michael Saylor wants Strategy to become the Amazon of the fixed income market. Thus, we’re not talking about a small innovation here — we are talking about completely transforming global finance. This means that the process of generating awareness and educating the market that will ultimately drive demand for these products is going to take years — not months — which is why you need to have a long time-horizon. Presently, the market is completely discounting the success of Strategy’s preferred products. What it’s not factoring in however is that the capital markets are desperate for yield right now. Thus, when — not if — but when, they eventually wake up to Bitcoin, how do you think they’re going to get that yield? Who is going to be the entity that is offering Bitcoin-backed credit instruments at scale? The answer is obviously Strategy, but again, this is a 5-to-10 year and beyond story. So with all that said, if you’re reading this right now, what should you do? Valuing Strategy There are 3 steps you need to take: 1. Firstly, you need to define your time horizon. In other words, how long do you intend on holding the stock for? 2. Secondly, you need to estimate either — depending on your preferred metric — how much Bitcoin Yield or how much Bitcoin $ Gain you expect Strategy to generate during that period and then calculate how much you expect $MSTR to outperform Bitcoin based on those values. 3. Thirdly, ask yourself whether you’d be satisfied with the level of outperformance you have calculated? In other words, is the trade-off worth it? Or would you be better off investing in either spot Bitcoin, an alternative Bitcoin Treasury Company or a Bitcoin ETF. If you’re satisfied with the level of outperformance that you’ve calculated, then $MSTR it probably a good choice of investment for you. If you're not satisfied, then $MSTR is probably a bad choice of investment for you. I personally believe that $MSTR will outperform Bitcoin by a minimum factor of 1-2x over the next 5/10 years and potentially much more if Bitcoin $ Gain becomes the primary metric by which it is valued, but again, I remain sceptical of that happening. Regardless, the best is yet to come.

Making Sense Of Strategy What is happening with $MSTR? If you’ve been following me on X for any meaningful length of time, you will know that I have been attempting to calibrate people’s expectations of the stock's performance for the best part of 2025. Here I have synthesised all of my thoughts and distilled them into a single video. If you prefer YouTube, you can watch it here: If you prefer written format, continue reading. The first thing we need to understand is what Strategy is and why people invest in it. Strategy At the highest level, Strategy is leveraged Bitcoin. That’s it. Strategy leverages debt to acquire more Bitcoin. Therefore, the main reason you invest in Strategy is because you want to outperform Bitcoin. The only thing better than Bitcoin is more Bitcoin. The second thing we need to understand is mNAV. mNAV Generally speaking for a pure-play Bitcoin Treasury Company like Strategy, mNAV is a reflection of the market's expectation of future Bitcoin Yield. Bitcoin Yield comes with diminishing returns because each additional Bitcoin purchase contributes less to Bitcoin Per Share. Thus, the larger your Bitcoin stack, the harder it becomes to generate Bitcoin Yield and by extension the harder it becomes to outperform Bitcoin. This is why on a Bitcoin Standard, over a long enough time horizon, mNAV trends towards 1 since the maximum amount of Bitcoin you can own is 21M. With all this in mind, why is Strategy trading where it is and why is it trading at such a low mNAV? There are a few reasons. 1. Strategy Is A Different Company In 2025 Firstly, Strategy is a totally different company in 2025 to the one it was in 2020. For context, believe it or not, the company only introduced Bitcoin Yield and Bitcoin Per Share in the July 2024 Q2 Earnings Call and so it was only after that that they began optimising for those metrics. In my view, that is also when Michael Saylor truly started to understand the opportunity that was in front of him, which is why in October 2024 we saw Strategy announce the 21/21 plan which became the catalyst for the parabolic run we saw in November 2024 where $MSTR went on to briefly hit an all-time-high of around $550. Since people are comparing $MSTR this cycle to the $MSTR of last cycle when it briefly traded at an mNAV of over 8x, it is distorting their expectations. Again, Strategy is a totally different company today with a totally different set of dynamics. 2. New Industry Secondly, we need to recognise that the Bitcoin Treasury Company industry is entirely new which means that the market has been forced to learn and adapt in real-time. With Strategy being the first and by far the largest Bitcoin Treasury Company, it has gained a disproportionate amount of attention and as a result it has attracted a disproportionate amount of speculative capital along the way while everyone has been trying to figure out how to value it. Consequently, in my view, the move we saw in November 2024 was an over-correction to the upside — which by the way coincided with Bitcoin’s parabolic run following Donald Trump’s election win — and what we’re now seeing is an over-correction to the downside. 3. Bitcoin Yield Thirdly, as I mentioned at the beginning, Bitcoin Treasury Companies are currently valued based on how much Bitcoin Yield they are expected to generate in the future. At the time of recording, Strategy currently holds precisely 637,460 Bitcoin — that’s over 3% of the total Bitcoin supply — which means that it is much, much harder to generate meaningful Bitcoin Yield, which again is why we’re seeing the mNAV compress. However, there is a caveat here. There is another metric that Strategy have introduced which is Bitcoin $ Gain. Bitcoin $ Gain is defined as the $ value of newly acquired Bitcoin within any period. Strategy — and I don’t blame them — have been attempting to encourage the market to interpret Bitcoin $ Gain as “earnings” and to value the company based on how much earnings it is expected to generate in the future. For full disclosure, I personally dislike Bitcoin $ Gain as a valuation metric. I think framing it as “earnings” is misleading and disingenuous. I understand why it has been introduced because it speaks the language of Wall Street. However, traditional earnings are final. Bitcoin $ Gain is not because it is forever subject to the price of Bitcoin. Therefore, for Bitcoin $ Gain to be embraced by Wall Street, the market must collectively agree that Bitcoin is going up forever. I remain very sceptical of that happening — especially in the short-to-medium term. However, I am also not attached to my beliefs and so if Wall Street does decide to embrace Bitcoin $ Gain as its primary valuation metric, then $MSTR is likely undervalued by a factor of 5-10x. If not, then $MSTR is likely undervalued by a factor of 1-2x. If you’re not content with the latter being the worst case scenario, then the stock probably isn’t for you. 4. Preferred Products Fourthly, the Strategy thesis right now revolves entirely around the success of its preferred products. Remember, Michael Saylor wants Strategy to become the Amazon of the fixed income market. Thus, we’re not talking about a small innovation here — we are talking about completely transforming global finance. This means that the process of generating awareness and educating the market that will ultimately drive demand for these products is going to take years — not months — which is why you need to have a long time-horizon. Presently, the market is completely discounting the success of Strategy’s preferred products. What it’s not factoring in however is that the capital markets are desperate for yield right now. Thus, when — not if — but when, they eventually wake up to Bitcoin, how do you think they’re going to get that yield? Who is going to be the entity that is offering Bitcoin-backed credit instruments at scale? The answer is obviously Strategy, but again, this is a 5-to-10 year and beyond story. So with all that said, if you’re reading this right now, what should you do? Valuing Strategy There are 3 steps you need to take: 1. Firstly, you need to define your time horizon. In other words, how long do you intend on holding the stock for? 2. Secondly, you need to estimate either — depending on your preferred metric — how much Bitcoin Yield or how much Bitcoin $ Gain you expect Strategy to generate during that period and then calculate how much you expect $MSTR to outperform Bitcoin based on those values. 3. Thirdly, ask yourself whether you’d be satisfied with the level of outperformance you have calculated? In other words, is the trade-off worth it? Or would you be better off investing in either spot Bitcoin, an alternative Bitcoin Treasury Company or a Bitcoin ETF. If you’re satisfied with the level of outperformance that you’ve calculated, then $MSTR it probably a good choice of investment for you. If you're not satisfied, then $MSTR is probably a bad choice of investment for you. I personally believe that $MSTR will outperform Bitcoin by a minimum factor of 1-2x over the next 5/10 years and potentially much more if Bitcoin $ Gain becomes the primary metric by which it is valued, but again, I remain sceptical of that happening. Regardless, the best is yet to come.

Chris Millas

36,835 Aufrufe • vor 10 Monaten

Tokenized gold is a scam Peter Schiff doesn't understand counterparty risk He is creating a honeypot with gold Since gold is physical, it has to be kept somewhere (this reminds me of Fort Knox) If someone knows the location of this gold, they can take it (eg. governments) With Bitcoin, you can take self-custody and it doesn't need to be "tokenized" because it's native to the internet

Tokenized gold is a scam Peter Schiff doesn't understand counterparty risk He is creating a honeypot with gold Since gold is physical, it has to be kept somewhere (this reminds me of Fort Knox) If someone knows the location of this gold, they can take it (eg. governments) With Bitcoin, you can take self-custody and it doesn't need to be "tokenized" because it's native to the internet

Rajat Soni, CFA

76,448 Aufrufe • vor 8 Monaten

🇮🇶 Walk into a bank in Miami, London or Sydney with a stack of IQD and ask if they exchange it. The teller laughs you off. It has nothing to do with the note being worthless. The Iraqi dinar simply is not an internationally traded currency yet. No Western bank holds a market to price it or a way to clear it. That is exactly what Iraq is in Washington to change this week. 5 days, the whole government and the country are moving to re-enter the global financial system. The day the IQD is let back in is the day that teller stops laughing and you get to say, "I told you so."

🇮🇶 Walk into a bank in Miami, London or Sydney with a stack of IQD and ask if they exchange it. The teller laughs you off. It has nothing to do with the note being worthless. The Iraqi dinar simply is not an internationally traded currency yet. No Western bank holds a market to price it or a way to clear it. That is exactly what Iraq is in Washington to change this week. 5 days, the whole government and the country are moving to re-enter the global financial system. The day the IQD is let back in is the day that teller stops laughing and you get to say, "I told you so."

Reset Intelligence

27,164 Aufrufe • vor 5 Tagen

Gold vs. Bitcoin: Navigating The Risk Divergence 📈 A reminder that you don't need to wear a drawdown in Bitcoin (or any asset for that matter) just because someone with "laser eyes" says to buy and hold at all times. At Hedgeye we manage risk, and if you did that properly, you would have handled the 1700 basis points divergence between gold $GLD and Bitcoin $BTC in February. That difference was fueled by a #Quad4 environment - but one that could soon be reversing. "Bitcoin is trying to make up its mind. It's got 3 or 4 days left of that. So what do you do? You wait and you watch," Hedgeye CEO Keith McCullough explains in this clip from "The Macro Show." "Everything is a number. The question is, do you see it?" * * * * * You can download Keith's new, 52-page eBook "Master The Market: A Hedge Fund Manager's Guide to Process and Profit" for FREE here:

Gold vs. Bitcoin: Navigating The Risk Divergence 📈 A reminder that you don't need to wear a drawdown in Bitcoin (or any asset for that matter) just because someone with "laser eyes" says to buy and hold at all times. At Hedgeye we manage risk, and if you did that properly, you would have handled the 1700 basis points divergence between gold $GLD and Bitcoin $BTC in February. That difference was fueled by a #Quad4 environment - but one that could soon be reversing. "Bitcoin is trying to make up its mind. It's got 3 or 4 days left of that. So what do you do? You wait and you watch," Hedgeye CEO Keith McCullough explains in this clip from "The Macro Show." "Everything is a number. The question is, do you see it?" * * * * * You can download Keith's new, 52-page eBook "Master The Market: A Hedge Fund Manager's Guide to Process and Profit" for FREE here:

Hedgeye

107,530 Aufrufe • vor 1 Jahr

Only Grant Cardone could shill a cookie in the middle of a Bitcoin podcast "Very seldom do you find a great cookie. This is a 10X cookie right here" "These cookies are beautiful. They're heavy, they're weighted, they got the right look. Are they blended with Bitcoin? There should be if there's not" "Is this your product? No, but I pitch it like it's mine. They call this the triple chocolate cookie, but they should have called it the 10X" "But don't you eventually just buy Bitcoin and do nothing? No, I'm definitely not the type of person to do nothing"

Only Grant Cardone could shill a cookie in the middle of a Bitcoin podcast "Very seldom do you find a great cookie. This is a 10X cookie right here" "These cookies are beautiful. They're heavy, they're weighted, they got the right look. Are they blended with Bitcoin? There should be if there's not" "Is this your product? No, but I pitch it like it's mine. They call this the triple chocolate cookie, but they should have called it the 10X" "But don't you eventually just buy Bitcoin and do nothing? No, I'm definitely not the type of person to do nothing"

The Wolf Of All Streets

44,379 Aufrufe • vor 27 Tagen