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Explaining 'why bitcoin?' is tricky.. Looking at art is easy.. Bitcoin art (cryptoart) with opendime wallets 😎 Bitcoin posters😋 Bitcoin stickers🧸 Bitcoin nfts 🐸 Caps, hoodies, tshirts, essential condiments* The global premiere of the greatest (only?) cryptoart exhibition covering over 10 years..🎉🎉🎉🎉 21 gold bars hidden around the pop-up...

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Crypsi

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17,050 次观看 • 6 个月前 •via X (Twitter)

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BITCOIN RAILS #32: Bitcoin Art History (+ why "Pepes aren't NFTs") | with Rare Scrilla 🔗YOUTUBE: 🌿SPOTIFY: There are few people on the planet more deeply entrenched in ‘Bitcoin Art’ than RARE SCRILLA - and few people more influential in its culture and adoption. A key figure in "Rare Pepe" culture, Scrilla pioneered the "Fake Rares" movement, igniting a significant surge in demand for Counterparty assets in late 2021 - nearly eight years after he began recording Bitcoin-inspired hip-hop, influenced by the Silk Road, in 2014. Scrilla has written and recorded multiple Bitcoin-inspired albums, including Sound Money, which became the first original album inscribed on Bitcoin - as well as the first original song on Bitcoin, a sub-1K inscription. From Counterparty, to Pepes, to Ordinals and beyond - Scrilla and I explore the unique history of Bitcoin art culture over the past decade - and the wildly underrated influence of Bitcoin on the development of “NFTs.” This episode pays tribute to: rocktoshi Theo Goodman Ghostface Killah - as well as shout outs to collaborators BG and lyndoco As always, you can view this episode on YouTube or Spotify using the link in my bio. This episode is powered by Best In Slot (Best in Slot | BRC2.0 🧑‍🍳), the leading API for Ordinals and BRC20 data aggregation and indexing — as well as Citrea (Citrea | Mainnet Live 🍊🍋), a leading Bitcoin Rollup technology and contributor to the BitVM alliance. TIMESTAMPS: 00:00 – Intro 02:40 – How Silk Road Sparked Scrilla’s Journey 09:27 – Trading, Losing, and Going All In 14:35 – Birth of the Rare Pepe Phenomenon 22:00 – Pepe Went Global (and political) 27:10 – Inside the Rare Pepe Directory 30:26 – Ethereum’s Rise and the Art Split 36:00 – Ethereum Won: Art Communities Scattered 41:34 – The Birth of Fake Rares 53:57 – How DJ Pepe Got Into Ordinals 01:00:10 – First Music on Bitcoin 01:10:20 – The Current Ordinals Situation 01:17:29 – The “Ahá” Moment 01:22:40 –The Dark Side of The Music Industry 01:26:10 – Censorship Resistance & The Road Ahead
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BITCOIN RAILS #32: Bitcoin Art History (+ why "Pepes aren't NFTs") | with Rare Scrilla 🔗YOUTUBE: 🌿SPOTIFY: There are few people on the planet more deeply entrenched in ‘Bitcoin Art’ than RARE SCRILLA - and few people more influential in its culture and adoption. A key figure in "Rare Pepe" culture, Scrilla pioneered the "Fake Rares" movement, igniting a significant surge in demand for Counterparty assets in late 2021 - nearly eight years after he began recording Bitcoin-inspired hip-hop, influenced by the Silk Road, in 2014. Scrilla has written and recorded multiple Bitcoin-inspired albums, including Sound Money, which became the first original album inscribed on Bitcoin - as well as the first original song on Bitcoin, a sub-1K inscription. From Counterparty, to Pepes, to Ordinals and beyond - Scrilla and I explore the unique history of Bitcoin art culture over the past decade - and the wildly underrated influence of Bitcoin on the development of “NFTs.” This episode pays tribute to: rocktoshi Theo Goodman Ghostface Killah - as well as shout outs to collaborators BG and lyndoco As always, you can view this episode on YouTube or Spotify using the link in my bio. This episode is powered by Best In Slot (Best in Slot | BRC2.0 🧑‍🍳), the leading API for Ordinals and BRC20 data aggregation and indexing — as well as Citrea (Citrea | Mainnet Live 🍊🍋), a leading Bitcoin Rollup technology and contributor to the BitVM alliance. TIMESTAMPS: 00:00 – Intro 02:40 – How Silk Road Sparked Scrilla’s Journey 09:27 – Trading, Losing, and Going All In 14:35 – Birth of the Rare Pepe Phenomenon 22:00 – Pepe Went Global (and political) 27:10 – Inside the Rare Pepe Directory 30:26 – Ethereum’s Rise and the Art Split 36:00 – Ethereum Won: Art Communities Scattered 41:34 – The Birth of Fake Rares 53:57 – How DJ Pepe Got Into Ordinals 01:00:10 – First Music on Bitcoin 01:10:20 – The Current Ordinals Situation 01:17:29 – The “Ahá” Moment 01:22:40 –The Dark Side of The Music Industry 01:26:10 – Censorship Resistance & The Road Ahead

Isabel Foxen Duke⚡️

10,236 次观看 • 1 年前

Debunking the Flat Bitcoin Theory 🧵 In the early days of Bitcoin (2009-2014) there was a massive amount of experimentation and innovation on bitcoin The first NFTs and cryptoart started on Bitcoin The first memecoins started on Bitcoin The first stablecoins and real world assets started on Bitcoin The first dapps started on Bitcoin The first DEX started on Bitcoin The first on-chain governance started on Bitcoin The first crypto degens were playing Satoshi Dice on Bitcoin But then the OP_RETURN wars happened and people like Luke Dashjr vilified innovation and scared builders away resulting in a long period of stagnation (2015-2023) This period of stagnation gave birth to the Flat Bitcoin Theory which infected the minds of nearly everyone The Flat Bitcoin Theory is a belief held by "Flat Bitcoiners" who think that Bitcoin is a boring blockchain that is not capable of the innovative use cases that we see on alt L1s like Ethereum or Solana But thankfully in January 2023 Casey burst onto the scene with the ordinals protocol and one by one people have been waking up from this lie and realizing that Bitcoin is actually multidimensional and capable of everything you could possibly imagine and more Since then Bitcoin has experienced a renaissance of innovation with a new set of builders picking up where the set of OG builders left off Jeremy Lin | 🔄 DotSwap (On Nexus) from DOTSWAP•DOTSWAP - Official has defied all FUD and delivered a trustless liquidity pool style experience on Bitcoin L1 for Runes with zero MEV Stan from Sats Terminal has built an advanced order routing and aggregation engine for Runes trading on Bitcoin L1 Scott | Bound from radFi has revived the Runes trenches with a token launchpad on Bitcoin L1 that thousands of people use every day Robin from Liquidium | Bitcoin Loans built a Runes and Ordinals lending protocol that has processed hundreds of millions of dollars of volume which proves that DeFi can thrive on Bitcoin L1 domo and Binari from BRC 2.0 and Tagga from Alkanes have been relentlessly pursing a vision for general purpose smart contracts on Bitcoin L1 TO from Pizza Pets built a fully on-chain multiplayer game directly on Bitcoin L1 Ken Liao from built a Bitcoin wallet for interacting with Bitcoin L1 dapps that is so sleek that it puts Ethereum's flagship wallet MetaMask to shame danny huuep from OnChainMonkey® pioneered a new way to store an entire 10K PFP collection on Bitcoin for only $23 that is now widely adopted by hundreds of other Ordinals collections SergeSats has formed the Bitcoin Art Society to preserve Bitcoin's on-chain culture for future generation has dedicated months of his life to ensuring that once a year there is a place where bitcoin builders can gather to celebrate experimentation on bitcoin at Bitcoin Summit Massive decentralized communities like the $DOG Army and Bitcoin Puppets have rallied together to support all of these innovations and champion the Bitcoin ecosystem Do not ever let anyone tell you that Bitcoin is not capable of something or that you must only use Bitcoin in a certain way The Bitcoin network is more secure and robust longterm when it is winning at developer mindshare and blocks are filled with a diverse set of on-chain activity It is up to us, the Ordinals, Runes, and Bitcoin DeFi ecosystem to be stewards of this technology now so go build the most badass applications possible and never stop fighting for innovation on Bitcoin!
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Debunking the Flat Bitcoin Theory 🧵 In the early days of Bitcoin (2009-2014) there was a massive amount of experimentation and innovation on bitcoin The first NFTs and cryptoart started on Bitcoin The first memecoins started on Bitcoin The first stablecoins and real world assets started on Bitcoin The first dapps started on Bitcoin The first DEX started on Bitcoin The first on-chain governance started on Bitcoin The first crypto degens were playing Satoshi Dice on Bitcoin But then the OP_RETURN wars happened and people like Luke Dashjr vilified innovation and scared builders away resulting in a long period of stagnation (2015-2023) This period of stagnation gave birth to the Flat Bitcoin Theory which infected the minds of nearly everyone The Flat Bitcoin Theory is a belief held by "Flat Bitcoiners" who think that Bitcoin is a boring blockchain that is not capable of the innovative use cases that we see on alt L1s like Ethereum or Solana But thankfully in January 2023 Casey burst onto the scene with the ordinals protocol and one by one people have been waking up from this lie and realizing that Bitcoin is actually multidimensional and capable of everything you could possibly imagine and more Since then Bitcoin has experienced a renaissance of innovation with a new set of builders picking up where the set of OG builders left off Jeremy Lin | 🔄 DotSwap (On Nexus) from DOTSWAP•DOTSWAP - Official has defied all FUD and delivered a trustless liquidity pool style experience on Bitcoin L1 for Runes with zero MEV Stan from Sats Terminal has built an advanced order routing and aggregation engine for Runes trading on Bitcoin L1 Scott | Bound from radFi has revived the Runes trenches with a token launchpad on Bitcoin L1 that thousands of people use every day Robin from Liquidium | Bitcoin Loans built a Runes and Ordinals lending protocol that has processed hundreds of millions of dollars of volume which proves that DeFi can thrive on Bitcoin L1 domo and Binari from BRC 2.0 and Tagga from Alkanes have been relentlessly pursing a vision for general purpose smart contracts on Bitcoin L1 TO from Pizza Pets built a fully on-chain multiplayer game directly on Bitcoin L1 Ken Liao from built a Bitcoin wallet for interacting with Bitcoin L1 dapps that is so sleek that it puts Ethereum's flagship wallet MetaMask to shame danny huuep from OnChainMonkey® pioneered a new way to store an entire 10K PFP collection on Bitcoin for only $23 that is now widely adopted by hundreds of other Ordinals collections SergeSats has formed the Bitcoin Art Society to preserve Bitcoin's on-chain culture for future generation has dedicated months of his life to ensuring that once a year there is a place where bitcoin builders can gather to celebrate experimentation on bitcoin at Bitcoin Summit Massive decentralized communities like the $DOG Army and Bitcoin Puppets have rallied together to support all of these innovations and champion the Bitcoin ecosystem Do not ever let anyone tell you that Bitcoin is not capable of something or that you must only use Bitcoin in a certain way The Bitcoin network is more secure and robust longterm when it is winning at developer mindshare and blocks are filled with a diverse set of on-chain activity It is up to us, the Ordinals, Runes, and Bitcoin DeFi ecosystem to be stewards of this technology now so go build the most badass applications possible and never stop fighting for innovation on Bitcoin!

Leonidas 🧡 $DOG

63,009 次观看 • 11 个月前

Just some information on ETCFROGB.ETC | FROGBOGS.ART | ETH Classic NFT, the #Dividend #NFT I founded on Ethereum Classic that is dedicated to the #Family! The first payment for🐸was .25 #ETC, worth about $5 today! If you had held BEFORE THE MERGE, you would have received .577 so far, and over .6 #EthereumClassic with this month's payment coming on the 31st! That's an ROI of 30% in just one year...... Things got a little crazy after the merge, and we're averaging .025 per month, giving you a 15% ROI per year currently! We haven't even gotten to land, solar, or any of the revenue streams that are possible yet, like #Trucker parking for myself, where an acre of land could provide $500 per day for the collection! There's a lot more coming, but this is a good entry video for anyone looking to learn a little bit on what we're all about!🔥 Thank you all for following me, minting your #NFTs, and contributing to the security of the blockchain! I will never stop building, and this is a dream come true for me already. Stay humble, and if you're feeling like a🐸, hop on in at for only 2 #ETC to receive monthly rewards from us!💚🐸
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Just some information on ETCFROGB.ETC | FROGBOGS.ART | ETH Classic NFT, the #Dividend #NFT I founded on Ethereum Classic that is dedicated to the #Family! The first payment for🐸was .25 #ETC, worth about $5 today! If you had held BEFORE THE MERGE, you would have received .577 so far, and over .6 #EthereumClassic with this month's payment coming on the 31st! That's an ROI of 30% in just one year...... Things got a little crazy after the merge, and we're averaging .025 per month, giving you a 15% ROI per year currently! We haven't even gotten to land, solar, or any of the revenue streams that are possible yet, like #Trucker parking for myself, where an acre of land could provide $500 per day for the collection! There's a lot more coming, but this is a good entry video for anyone looking to learn a little bit on what we're all about!🔥 Thank you all for following me, minting your #NFTs, and contributing to the security of the blockchain! I will never stop building, and this is a dream come true for me already. Stay humble, and if you're feeling like a🐸, hop on in at for only 2 #ETC to receive monthly rewards from us!💚🐸

Tricky Mick.ETCFrogB

16,862 次观看 • 3 年前

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.
11:54

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 次观看 • 11 个月前

Making Sense Of Bitcoin Treasury Companies If you've been following me on X you’ll know that I have recently been floating a lot of my updated thoughts on the Bitcoin Treasury space. Here I have synthesised all of my ideas and distilled them into a single video. If you prefer YouTube, you can find the link in the comments. If you prefer written format, continue reading. The first thing we need to do is acknowledge an important fact which is that Strategy, as a Bitcoin Treasury Company, is an anomaly. What do I mean by that? Strategy’s success has been defined by a number of unique factors and circumstances, most of which cannot be replicated again by other Bitcoin Treasury Companies. Specifically, there are 6 things that stand out to me. 1. Before adopting Bitcoin, Strategy was a billion dollar company with an operating business that was generating roughly $50M in cash a year. 2. Until the introduction of the ETF's in January 2024, Strategy was the only way for the average investor to gain passive exposure to Bitcoin. 3. Until this year, Strategy was the only way for the average investor to gain leveraged exposure to Bitcoin. 4. Strategy was issuing multiple, billion dollar, zero coupon, unsecured convertible notes at +50% conversion premiums. 5. Strategy has Michael Saylor, who, you don’t need me to tell you, is in a league of his own. 6. For many reasons, including those I’ve just mentioned, Strategy has benefitted disproportionately from the broader sentiment around Bitcoin. In other words, for the best part of 4 years, Strategy had zero competition for either capital or attention. As a result, it became a magnet for capital from anyone who wanted exposure to Bitcoin and it attracted inflows that were beyond what fundamentals alone would maybe justify. Therefore, using Strategy as a blueprint for the performance that you can expect from other Bitcoin Treasury Companies is a bad idea. Using Strategy as a blueprint for how to operate a Bitcoin Treasury Company is a good idea. Now let’s break down what’s unfolded over the last 6 months or so. Between May and June of this year, when we witnessed a flood of new Bitcoin Treasury Companies, we entered what I refer to as the frenzy phase. The frenzy phase was driven almost entirely by sentiment. By sentiment I simply mean emotion. Since then, as sentiment has slowly faded, the market has increasingly priced Bitcoin Treasury Companies based more on fundamentals. By fundamentals I simply mean facts. So where as sentiment is driven by emotion and hype, fundamentals are driven by facts and reason. The problem is that when you price Bitcoin Treasury Companies on fundamentals, you realise that many of them are almost entirely dependent on sentiment in order to expand mNAV so they can raise capital via the common stock ATM to buy Bitcoin and generate Bitcoin Yield. However, for me, raising capital via the common stock ATM and recycling it into Bitcoin is not genuine value creation — it’s value transfer. That’s not to say you shouldn’t leverage the ATM as and when necessary — you should. However, if your business model as a Bitcoin Treasury Company no longer works when “sentiment is low” then you have neither a business model nor a business. You’re the equivalent of a meme stock except with Bitcoin on your balance sheet. On that basis, companies shouldn’t expect to trade at a premium if the common stock ATM is the only way they raise capital. I’m not saying they won’t trade at a premium — I’m saying that companies shouldn’t expect to. Now, between July and now, we’ve obviously seen mNAVs compress substantially and so the frenzy phase is over which means that the days of automatically being granted generous mNAV multiples is also over. So now we are in the maturity phase. The maturity phase is going to be defined by being able to offer a differentiated value proposition and having a sustainable business model that can generate Bitcoin Yield in any environment independent of sentiment. In other words, they can generate Bitcoin Yield when trading at or below 1 mNAV. So essentially now, Bitcoin Treasury Companies have to work for their mNAV multiples — as it should be. Following the maturity phase will be the consolidation phase where capital, Bitcoin and ultimately market share will converge towards a small number of Bitcoin Treasury Companies that will dominate the entire industry. I should clarify that I am referring predominantly to pure-play Bitcoin Treasury Companies — companies who are valued based solely on their Bitcoin strategy. Now, with everything that I’ve said, how should you evaluate Bitcoin Treasury Companies? Hopefully over the next few weeks I’m going to string together a video with my valuation framework. In the meantime, a basic test is that I use is this: How much Bitcoin Yield can the company generate over X period of time — you decide what that period of time is — if it traded at 1x mNAV over that entire period? If the answer is 0, then they are probably entirely dependent on raising capital via the common stock ATM which means they likely don’t deserve a premium. If the answer is >0, then they are probably innovating through the use of other instruments — like converts and preferred products — which means they likely do deserve a premium and so whatever number you come up with should be used as the base for your valuation. Now, don’t be fooled. The Bitcoin Treasury Company space is, not entirely, but to a large degree, a zero-sum game. Every Dollar raised by one Bitcoin Treasury Company is at the expense of every other Bitcoin Treasury Company. Every Bitcoin purchased by one Bitcoin Treasury Company is at the expense of every other Bitcoin Treasury Company. It’s only because we are early that everyone is incentivised to essentially hold hands and cheer each other on. However, make no mistake, everyone involved is tacitly well aware that they are all competing for the same finite amount of capital and the same fixed amount of Bitcoin. Thus, the reality is that, by definition, not every Bitcoin Treasury Company is going to succeed. So choose your horses and jockeys wisely. As a side note, with the amount of Bitcoin Treasury Companies now desperately chasing and competing for the same capital from institutions, who do you think has the leverage; the Bitcoin Treasury Companies or the institutions? I’ll let you decide. Before I close, I want to leave you guys with this. There is a small subset of people invested in Bitcoin Treasury Companies who are desperately clinging on to their bags because they believe “sentiment will return.” These people are completely missing the point. My friends, if your investing philosophy is based on sentiment, you are simply not going to last. You want to base your decisions, as far as possible, on fundamentals. As investors, you either adapt and update your mental models based on how things are and not how you want them to be — or you get left behind. With that in mind: Never get caught up in tribalism. Never get attached to your beliefs. Always think critically. Always think independently. Always seek Truth.
10:20

Making Sense Of Bitcoin Treasury Companies If you've been following me on X you’ll know that I have recently been floating a lot of my updated thoughts on the Bitcoin Treasury space. Here I have synthesised all of my ideas and distilled them into a single video. If you prefer YouTube, you can find the link in the comments. If you prefer written format, continue reading. The first thing we need to do is acknowledge an important fact which is that Strategy, as a Bitcoin Treasury Company, is an anomaly. What do I mean by that? Strategy’s success has been defined by a number of unique factors and circumstances, most of which cannot be replicated again by other Bitcoin Treasury Companies. Specifically, there are 6 things that stand out to me. 1. Before adopting Bitcoin, Strategy was a billion dollar company with an operating business that was generating roughly $50M in cash a year. 2. Until the introduction of the ETF's in January 2024, Strategy was the only way for the average investor to gain passive exposure to Bitcoin. 3. Until this year, Strategy was the only way for the average investor to gain leveraged exposure to Bitcoin. 4. Strategy was issuing multiple, billion dollar, zero coupon, unsecured convertible notes at +50% conversion premiums. 5. Strategy has Michael Saylor, who, you don’t need me to tell you, is in a league of his own. 6. For many reasons, including those I’ve just mentioned, Strategy has benefitted disproportionately from the broader sentiment around Bitcoin. In other words, for the best part of 4 years, Strategy had zero competition for either capital or attention. As a result, it became a magnet for capital from anyone who wanted exposure to Bitcoin and it attracted inflows that were beyond what fundamentals alone would maybe justify. Therefore, using Strategy as a blueprint for the performance that you can expect from other Bitcoin Treasury Companies is a bad idea. Using Strategy as a blueprint for how to operate a Bitcoin Treasury Company is a good idea. Now let’s break down what’s unfolded over the last 6 months or so. Between May and June of this year, when we witnessed a flood of new Bitcoin Treasury Companies, we entered what I refer to as the frenzy phase. The frenzy phase was driven almost entirely by sentiment. By sentiment I simply mean emotion. Since then, as sentiment has slowly faded, the market has increasingly priced Bitcoin Treasury Companies based more on fundamentals. By fundamentals I simply mean facts. So where as sentiment is driven by emotion and hype, fundamentals are driven by facts and reason. The problem is that when you price Bitcoin Treasury Companies on fundamentals, you realise that many of them are almost entirely dependent on sentiment in order to expand mNAV so they can raise capital via the common stock ATM to buy Bitcoin and generate Bitcoin Yield. However, for me, raising capital via the common stock ATM and recycling it into Bitcoin is not genuine value creation — it’s value transfer. That’s not to say you shouldn’t leverage the ATM as and when necessary — you should. However, if your business model as a Bitcoin Treasury Company no longer works when “sentiment is low” then you have neither a business model nor a business. You’re the equivalent of a meme stock except with Bitcoin on your balance sheet. On that basis, companies shouldn’t expect to trade at a premium if the common stock ATM is the only way they raise capital. I’m not saying they won’t trade at a premium — I’m saying that companies shouldn’t expect to. Now, between July and now, we’ve obviously seen mNAVs compress substantially and so the frenzy phase is over which means that the days of automatically being granted generous mNAV multiples is also over. So now we are in the maturity phase. The maturity phase is going to be defined by being able to offer a differentiated value proposition and having a sustainable business model that can generate Bitcoin Yield in any environment independent of sentiment. In other words, they can generate Bitcoin Yield when trading at or below 1 mNAV. So essentially now, Bitcoin Treasury Companies have to work for their mNAV multiples — as it should be. Following the maturity phase will be the consolidation phase where capital, Bitcoin and ultimately market share will converge towards a small number of Bitcoin Treasury Companies that will dominate the entire industry. I should clarify that I am referring predominantly to pure-play Bitcoin Treasury Companies — companies who are valued based solely on their Bitcoin strategy. Now, with everything that I’ve said, how should you evaluate Bitcoin Treasury Companies? Hopefully over the next few weeks I’m going to string together a video with my valuation framework. In the meantime, a basic test is that I use is this: How much Bitcoin Yield can the company generate over X period of time — you decide what that period of time is — if it traded at 1x mNAV over that entire period? If the answer is 0, then they are probably entirely dependent on raising capital via the common stock ATM which means they likely don’t deserve a premium. If the answer is >0, then they are probably innovating through the use of other instruments — like converts and preferred products — which means they likely do deserve a premium and so whatever number you come up with should be used as the base for your valuation. Now, don’t be fooled. The Bitcoin Treasury Company space is, not entirely, but to a large degree, a zero-sum game. Every Dollar raised by one Bitcoin Treasury Company is at the expense of every other Bitcoin Treasury Company. Every Bitcoin purchased by one Bitcoin Treasury Company is at the expense of every other Bitcoin Treasury Company. It’s only because we are early that everyone is incentivised to essentially hold hands and cheer each other on. However, make no mistake, everyone involved is tacitly well aware that they are all competing for the same finite amount of capital and the same fixed amount of Bitcoin. Thus, the reality is that, by definition, not every Bitcoin Treasury Company is going to succeed. So choose your horses and jockeys wisely. As a side note, with the amount of Bitcoin Treasury Companies now desperately chasing and competing for the same capital from institutions, who do you think has the leverage; the Bitcoin Treasury Companies or the institutions? I’ll let you decide. Before I close, I want to leave you guys with this. There is a small subset of people invested in Bitcoin Treasury Companies who are desperately clinging on to their bags because they believe “sentiment will return.” These people are completely missing the point. My friends, if your investing philosophy is based on sentiment, you are simply not going to last. You want to base your decisions, as far as possible, on fundamentals. As investors, you either adapt and update your mental models based on how things are and not how you want them to be — or you get left behind. With that in mind: Never get caught up in tribalism. Never get attached to your beliefs. Always think critically. Always think independently. Always seek Truth.

Chris Millas

34,483 次观看 • 10 个月前

"What better way to spend a Friday and Saturday than being out with your friends, talking about Bitcoin, and playing golf?" The Max & Stacy Invitational Invitational is the most fun Bitcoin/golf event in the universe. For two years in a row, over 300 Bitcoiners have flown from around the world to El Encanto, the premier country club in El Salvador, for two days of activities: - golf - poker - pickleball - pool party - conference hosted by Max Keiser With so many interesting guest speakers and attendees, I recorded another series of 12 mini-interviews for the Bitcoin Country Podcast. Episode 1 (of 3 from this event) is now available: The full episode combines four mini-interviews: Lina Seiche - "What is Money" curriculum, Bean of Fire, The Little HODLer wiz 🇸🇻 - cofounder mempool Trey Sellers Trey Sellers ∞/21M and Rocky Wold Rocky ⛳️ - Unchained Sergio Bermudez Sergio Bermudez - Salvadorian founder Thank you to all five guests for taking the time. My only complaint is that they gave too many great answers... the highlight trailer ended up being twice as long as I intended! Topics in the trailer clips included: - the event's backstory - first El Salvador experiences - recent innovations in Bitcoin Country - meeting President Nayib Bukele - a Salvadorian's reaction to the Bitcoin Law - why Max & Stacy Invitational is uniquely amazing ...and much more. Thanks to Brandon Martin 🔥🌊☀️ for recording these! Enjoy the full episode here: And stay tuned... I'll release each of these four mini-interviews separately here on X over the next few days. Then there are two more episodes from this event after that, featuring many more incredible guests here in Bitcoin Country 🇸🇻🚀
4:22

"What better way to spend a Friday and Saturday than being out with your friends, talking about Bitcoin, and playing golf?" The Max & Stacy Invitational Invitational is the most fun Bitcoin/golf event in the universe. For two years in a row, over 300 Bitcoiners have flown from around the world to El Encanto, the premier country club in El Salvador, for two days of activities: - golf - poker - pickleball - pool party - conference hosted by Max Keiser With so many interesting guest speakers and attendees, I recorded another series of 12 mini-interviews for the Bitcoin Country Podcast. Episode 1 (of 3 from this event) is now available: The full episode combines four mini-interviews: Lina Seiche - "What is Money" curriculum, Bean of Fire, The Little HODLer wiz 🇸🇻 - cofounder mempool Trey Sellers Trey Sellers ∞/21M and Rocky Wold Rocky ⛳️ - Unchained Sergio Bermudez Sergio Bermudez - Salvadorian founder Thank you to all five guests for taking the time. My only complaint is that they gave too many great answers... the highlight trailer ended up being twice as long as I intended! Topics in the trailer clips included: - the event's backstory - first El Salvador experiences - recent innovations in Bitcoin Country - meeting President Nayib Bukele - a Salvadorian's reaction to the Bitcoin Law - why Max & Stacy Invitational is uniquely amazing ...and much more. Thanks to Brandon Martin 🔥🌊☀️ for recording these! Enjoy the full episode here: And stay tuned... I'll release each of these four mini-interviews separately here on X over the next few days. Then there are two more episodes from this event after that, featuring many more incredible guests here in Bitcoin Country 🇸🇻🚀

Jethro Toro🔸∞/21m 🌎

48,706 次观看 • 6 个月前

🔥METAPLANET = INSANE OPPORTUNITY🔥 I think everyone is SEVERELY underappreciating what Metaplanet is building out in Japan. If Metaplanet can borrow at 4.15% today and carry that debt until Bitcoin reaches $1 million, the economics for existing shareholders resemble selling common equity at more than TEN TIMES NAV. Yup. Imagine being able to issue equity to buy Bitcoin at a 10x mNAV. Let's break it down. The first BitBond issuance was tiny, roughly ¥200 million, or $1.3 million. The pipe behind it could eventually become enormous. Metaplanet can now issue ordinary yen-denominated bonds through its own securities subsidiary, pay investors around 4.15%, use the capital to buy Bitcoin, and roll the principal into new bonds every three years. The bondholders receive a fixed yield in yen. Metaplanet’s common shareholders capture everything Bitcoin earns above that cost of capital. Here’s how absurdly powerful the math gets. Metaplanet borrows $1 at 4.15% and buys $1 of Bitcoin. After 3 years, that $1 of debt has grown to approximately $1.13 if we assume the interest is financed and rolled. If Bitcoin doubles, the Bitcoin is worth $2. Pay the $1.13 obligation and common shareholders are left with $0.87 of incremental equity without issuing a single common share. Economically, that is equivalent to selling common equity at roughly 1.77× mNAV: $2.00 of Bitcoin ÷ $1.13 bond obligation = 1.77×. Starting with Bitcoin around $63,000: At $100,000 BTC, the bond behaves like equity issued at 1.41× mNAV. At $150,000 BTC, it behaves like equity issued at 2.11× mNAV. At $200,000 BTC, it behaves like equity issued at 2.81× mNAV. That matters enormously while Metaplanet’s common stock trades around or below NAV. Selling common shares down here would dilute existing shareholders. BitBonds allow the company to acquire more Bitcoin per share while waiting for the common-stock premium to return. Now extend this idea over the next decade. Assume Bitcoin rises from $63,000 to $1 million over 10 years. Every $1 of Bitcoin purchased today becomes $15.87. $1 borrowed at 4.15% and continuously rolled becomes approximately $1.50 owed. Common shareholders capture the remaining $14.37. The mNAV-equivalent financing multiple becomes: 15.87 ÷ 1.50 = 10.57× mNAV. Read that again. Yes. I'll repeat it for you. Metaplanet can borrow at 4.15% today and carry that debt until Bitcoin reaches $1 million, the economics for existing shareholders resemble selling common equity at more than TEN TIMES NAV. So I modeled a simple scenario. Metaplanet begins with 43,000 BTC at $63,000, giving it roughly $2.71 billion of Bitcoin. It then maintains 10% balance-sheet amplification all the way to $1 million Bitcoin. Gross BTC exposure stays at 1.10× common equity. New bonds are issued monthly at 4.15%, and every bond is rolled after three years. The opening issuance would be approximately $271 million, buying another 4,300 BTC immediately. As Bitcoin appreciates, the balance sheet creates additional borrowing capacity. Metaplanet keeps issuing enough to maintain the same conservative 10% amplification instead of allowing leverage to run wild. Average monthly issuance begins around $8 million during year one. Once the three-year rollover cycle starts, new issuance plus refinancings average approximately: $37 million per month in year 3 $72 million per month in year 6 $101 million per month in year 8 $192 million per month in year 10 Across the full decade, the company issues approximately $8.9 billion of gross bonds, including around $3.5 billion of refinanced maturities. Here is where Metaplanet ends when Bitcoin reaches $1 million (not a prediction, just a projection of these inputs): 59,727 BTC $59.73 billion of gross Bitcoin assets $5.43 billion of outstanding debt $54.30 billion of common NAV Without BitBonds, the original 43,000 BTC would simply be worth $43 billion. The bond strategy therefore creates approximately $11.30 billion of additional common equity. Same common shareholders. Same original 43,000 BTC starting point. Approximately 16,727 additional Bitcoin accumulated through controlled balance-sheet amplification. That produces 26.3% more NAV per share at $1 million Bitcoin without common-share dilution from the bond program. Of course, they still need buyers for the bonds. They must stagger maturities, maintain adequate liquidity, service the coupons and avoid building some psychotic refinancing wall during a Bitcoin bear market. The relevant hurdle is also BTC measured in yen, rather than dollars. But at 10% amplification, Bitcoin only needs to outperform a 4.15% yen cost of capital for the strategy to become accretive. Metaplanet owns 43,000 Bitcoin and now owns the securities platform capable of distributing its debt directly into Japan’s gigantic market for fixed-income savings. This is becoming much bigger than a Bitcoin treasury company. They are building a machine that converts Japanese demand for fixed yen yield into permanently increasing Bitcoin per common share. The bondholders get 4.15%. Metaplanet shareholders get everything Bitcoin does above it for the next decade. Short fiat. Long Bitcoin. This trade is OBSCENE:
0:35

🔥METAPLANET = INSANE OPPORTUNITY🔥 I think everyone is SEVERELY underappreciating what Metaplanet is building out in Japan. If Metaplanet can borrow at 4.15% today and carry that debt until Bitcoin reaches $1 million, the economics for existing shareholders resemble selling common equity at more than TEN TIMES NAV. Yup. Imagine being able to issue equity to buy Bitcoin at a 10x mNAV. Let's break it down. The first BitBond issuance was tiny, roughly ¥200 million, or $1.3 million. The pipe behind it could eventually become enormous. Metaplanet can now issue ordinary yen-denominated bonds through its own securities subsidiary, pay investors around 4.15%, use the capital to buy Bitcoin, and roll the principal into new bonds every three years. The bondholders receive a fixed yield in yen. Metaplanet’s common shareholders capture everything Bitcoin earns above that cost of capital. Here’s how absurdly powerful the math gets. Metaplanet borrows $1 at 4.15% and buys $1 of Bitcoin. After 3 years, that $1 of debt has grown to approximately $1.13 if we assume the interest is financed and rolled. If Bitcoin doubles, the Bitcoin is worth $2. Pay the $1.13 obligation and common shareholders are left with $0.87 of incremental equity without issuing a single common share. Economically, that is equivalent to selling common equity at roughly 1.77× mNAV: $2.00 of Bitcoin ÷ $1.13 bond obligation = 1.77×. Starting with Bitcoin around $63,000: At $100,000 BTC, the bond behaves like equity issued at 1.41× mNAV. At $150,000 BTC, it behaves like equity issued at 2.11× mNAV. At $200,000 BTC, it behaves like equity issued at 2.81× mNAV. That matters enormously while Metaplanet’s common stock trades around or below NAV. Selling common shares down here would dilute existing shareholders. BitBonds allow the company to acquire more Bitcoin per share while waiting for the common-stock premium to return. Now extend this idea over the next decade. Assume Bitcoin rises from $63,000 to $1 million over 10 years. Every $1 of Bitcoin purchased today becomes $15.87. $1 borrowed at 4.15% and continuously rolled becomes approximately $1.50 owed. Common shareholders capture the remaining $14.37. The mNAV-equivalent financing multiple becomes: 15.87 ÷ 1.50 = 10.57× mNAV. Read that again. Yes. I'll repeat it for you. Metaplanet can borrow at 4.15% today and carry that debt until Bitcoin reaches $1 million, the economics for existing shareholders resemble selling common equity at more than TEN TIMES NAV. So I modeled a simple scenario. Metaplanet begins with 43,000 BTC at $63,000, giving it roughly $2.71 billion of Bitcoin. It then maintains 10% balance-sheet amplification all the way to $1 million Bitcoin. Gross BTC exposure stays at 1.10× common equity. New bonds are issued monthly at 4.15%, and every bond is rolled after three years. The opening issuance would be approximately $271 million, buying another 4,300 BTC immediately. As Bitcoin appreciates, the balance sheet creates additional borrowing capacity. Metaplanet keeps issuing enough to maintain the same conservative 10% amplification instead of allowing leverage to run wild. Average monthly issuance begins around $8 million during year one. Once the three-year rollover cycle starts, new issuance plus refinancings average approximately: $37 million per month in year 3 $72 million per month in year 6 $101 million per month in year 8 $192 million per month in year 10 Across the full decade, the company issues approximately $8.9 billion of gross bonds, including around $3.5 billion of refinanced maturities. Here is where Metaplanet ends when Bitcoin reaches $1 million (not a prediction, just a projection of these inputs): 59,727 BTC $59.73 billion of gross Bitcoin assets $5.43 billion of outstanding debt $54.30 billion of common NAV Without BitBonds, the original 43,000 BTC would simply be worth $43 billion. The bond strategy therefore creates approximately $11.30 billion of additional common equity. Same common shareholders. Same original 43,000 BTC starting point. Approximately 16,727 additional Bitcoin accumulated through controlled balance-sheet amplification. That produces 26.3% more NAV per share at $1 million Bitcoin without common-share dilution from the bond program. Of course, they still need buyers for the bonds. They must stagger maturities, maintain adequate liquidity, service the coupons and avoid building some psychotic refinancing wall during a Bitcoin bear market. The relevant hurdle is also BTC measured in yen, rather than dollars. But at 10% amplification, Bitcoin only needs to outperform a 4.15% yen cost of capital for the strategy to become accretive. Metaplanet owns 43,000 Bitcoin and now owns the securities platform capable of distributing its debt directly into Japan’s gigantic market for fixed-income savings. This is becoming much bigger than a Bitcoin treasury company. They are building a machine that converts Japanese demand for fixed yen yield into permanently increasing Bitcoin per common share. The bondholders get 4.15%. Metaplanet shareholders get everything Bitcoin does above it for the next decade. Short fiat. Long Bitcoin. This trade is OBSCENE:

Adam Livingston

24,600 次观看 • 13 天前

E176: Eric Larchevêque - Why Bitcoin Is the Only Money You Actually Own Eric Larchevêque is the co-founder of Ledger, the hardware wallet used to secure billions in crypto worldwide. He built his first company from zero, sold it for €27 million, lost his savings in a Latvian bank collapse, had his gold bars confiscated by a Luxembourg bank, and went 100% Bitcoin in 2013. He's now building TBSO - La Société Bitcoin - a publicly listed company co-founded with NBA legend Tony Parker Timestamps: 0:00 Introduction 2:00 Eric’s First Podcast In English 2:32 Where Does Eric’s Optimism Come From 3:31 The First Thing Eric Thinks Of Every Morning 4:03 What Eric’s AI Agents Do 5:47 What Does Eric Do & Why 6:53 Are The Majority Of People Ready For Responsibility? 8:01 Why People Need To Hit A wall 9:42 When Did Eric Take Responsibility For His Future? 11:48 Eric Had No Idea What Building A Company Meant 12:39 Who Is Eric Larcheveque? 13:21 Eric’s First Major Leap For His Company 14:30 What Will Become A Commodity In 5+ Years 18:21 Going From Building Websites To Bitcoin 27:31 Partnerships: Trezor @BitwiseInvest 28:17 Why Eric Went All In On Bitcoin 34:37 Did Eric Question The Volatility Of Bitcoin 38:52 Eric Believes He Could Still Be Wrong About Bitcoin 40:24 100% Of Eric’s Liquid Networth Is In Bitcoin 41:39 Eric’s Explanation Of Bitcoin & Time Preference 46:50 Why Look At Bitcoin As A Long-Term Asset Only 49:59 You Should Build A Bitcoin Strategy 53:07 Where Does Bitcoin Go In 10 Years 54:47 What Does A Bitcoin Dominant World Look Like 59:24 Partnership: KAST 1:00:12 Why Bitcoin Will Never Hit 0 1:03:54 How To Understand Bitcoin, Explained Simply 1:10:47 What Eric Learned While Building Ledger 1:16:03 Co-Founder Kidnapping Discussion & Advice 1:23:11 How Eric Sleeps Knowing Bad Situations Happen 1:25:56 Why Eric Stays In France 1:27:23 Partnerships: Jupiter Ethena 1:28:07 What Is The Bitcoin Society 1:32:25 Who’s Backing Bitcoin Society 1:32:51 What Does Tony Parker Do With Bitcoin? 1:33:46 Eric’s View On Learning To Learn 1:34:38 Why Eric Creates Videos When He Could Chill 1:37:19 Is Eric Building A Personal Brand? 1:39:00 Does Eric Feel Happier Now With Money? 1:40:04 Being An Entrepreneur Requires Sacrifice 1:41:22 Experiences Over Buying Extra Bitcoin 1:44:06 Do Everything To Achieve This One Thing 1:45:11 Closing Thoughts
1:46:01

E176: Eric Larchevêque - Why Bitcoin Is the Only Money You Actually Own Eric Larchevêque is the co-founder of Ledger, the hardware wallet used to secure billions in crypto worldwide. He built his first company from zero, sold it for €27 million, lost his savings in a Latvian bank collapse, had his gold bars confiscated by a Luxembourg bank, and went 100% Bitcoin in 2013. He's now building TBSO - La Société Bitcoin - a publicly listed company co-founded with NBA legend Tony Parker Timestamps: 0:00 Introduction 2:00 Eric’s First Podcast In English 2:32 Where Does Eric’s Optimism Come From 3:31 The First Thing Eric Thinks Of Every Morning 4:03 What Eric’s AI Agents Do 5:47 What Does Eric Do & Why 6:53 Are The Majority Of People Ready For Responsibility? 8:01 Why People Need To Hit A wall 9:42 When Did Eric Take Responsibility For His Future? 11:48 Eric Had No Idea What Building A Company Meant 12:39 Who Is Eric Larcheveque? 13:21 Eric’s First Major Leap For His Company 14:30 What Will Become A Commodity In 5+ Years 18:21 Going From Building Websites To Bitcoin 27:31 Partnerships: Trezor @BitwiseInvest 28:17 Why Eric Went All In On Bitcoin 34:37 Did Eric Question The Volatility Of Bitcoin 38:52 Eric Believes He Could Still Be Wrong About Bitcoin 40:24 100% Of Eric’s Liquid Networth Is In Bitcoin 41:39 Eric’s Explanation Of Bitcoin & Time Preference 46:50 Why Look At Bitcoin As A Long-Term Asset Only 49:59 You Should Build A Bitcoin Strategy 53:07 Where Does Bitcoin Go In 10 Years 54:47 What Does A Bitcoin Dominant World Look Like 59:24 Partnership: KAST 1:00:12 Why Bitcoin Will Never Hit 0 1:03:54 How To Understand Bitcoin, Explained Simply 1:10:47 What Eric Learned While Building Ledger 1:16:03 Co-Founder Kidnapping Discussion & Advice 1:23:11 How Eric Sleeps Knowing Bad Situations Happen 1:25:56 Why Eric Stays In France 1:27:23 Partnerships: Jupiter Ethena 1:28:07 What Is The Bitcoin Society 1:32:25 Who’s Backing Bitcoin Society 1:32:51 What Does Tony Parker Do With Bitcoin? 1:33:46 Eric’s View On Learning To Learn 1:34:38 Why Eric Creates Videos When He Could Chill 1:37:19 Is Eric Building A Personal Brand? 1:39:00 Does Eric Feel Happier Now With Money? 1:40:04 Being An Entrepreneur Requires Sacrifice 1:41:22 Experiences Over Buying Extra Bitcoin 1:44:06 Do Everything To Achieve This One Thing 1:45:11 Closing Thoughts

MR SHIFT 🦁

103,729 次观看 • 2 个月前

🐂 “What’s going to happen to Strategy is going to be absolutely mind blowing come summer/fall of 2025” - Preston Pysh sees insanity on the horizon. Michael Saylor’s playing a 4D game of chess that is carefully engineered around the BTC cycles. James Check (_Checkmate 🟠🔑⚡☢️🛢️) hasn’t studied $MSTR fully, but understands the market dynamics at play and what can happen to a equity that has a options market with absurd volatility that is tied to Bitcoin during a bull run. The velocity of the flywheel shows up as short sellers are forced to buy high, and $MSTR shareholders sell to convert to BTC. Listen to Preston and James discuss what’s in stor e for this cycle on the latest The Investor's Podcast episode. 🗯️ “The market moves slower than people expect, but being prepared puts you in a better position.” - James Check Key insights: 💼 Institutional Demand Holds Strong: After a 7-month consolidation above $1.2 trillion, Bitcoin proved its staying power. Every dip was met with significant buying, signaling strong institutional absorption. “Bitcoin belongs above $1 trillion—and now, $1.7 trillion,” says James Check. (02:29) 📊 On-Chain Trends: Long-term holders sold significantly during the consolidation, but selling pressure eased mid-November, paving the way for the current rally. Supply suffocation by holders below $20K creates a strong market floor. (09:02) 🏦 Evolving Exchange Dynamics: Borrowing against Bitcoin instead of selling it is maturing the market. This reduces sell pressure and positions BTC as pristine collateral, even drawing interest from traditional banks. (12:22) ⚡ Bullish Catalysts: A pro-Bitcoin U.S. president, ETF launches, and derivatives are energizing the market, with potential for explosive growth by 2025. However, risks like custody failures or copycat investing strategies loom. (28:30) 🔥 “Euphoria Zone” Alert: New retail interest is surging, yet historical patterns warn this euphoria may only last 6-18 months. Will Bitcoin hit $300K or consolidate before the next leg up? (59:13) Full video: #Bitcoin #Crypto #BTC #MarketTrends #FinancialFreedom
3:10

🐂 “What’s going to happen to Strategy is going to be absolutely mind blowing come summer/fall of 2025” - Preston Pysh sees insanity on the horizon. Michael Saylor’s playing a 4D game of chess that is carefully engineered around the BTC cycles. James Check (_Checkmate 🟠🔑⚡☢️🛢️) hasn’t studied $MSTR fully, but understands the market dynamics at play and what can happen to a equity that has a options market with absurd volatility that is tied to Bitcoin during a bull run. The velocity of the flywheel shows up as short sellers are forced to buy high, and $MSTR shareholders sell to convert to BTC. Listen to Preston and James discuss what’s in stor e for this cycle on the latest The Investor's Podcast episode. 🗯️ “The market moves slower than people expect, but being prepared puts you in a better position.” - James Check Key insights: 💼 Institutional Demand Holds Strong: After a 7-month consolidation above $1.2 trillion, Bitcoin proved its staying power. Every dip was met with significant buying, signaling strong institutional absorption. “Bitcoin belongs above $1 trillion—and now, $1.7 trillion,” says James Check. (02:29) 📊 On-Chain Trends: Long-term holders sold significantly during the consolidation, but selling pressure eased mid-November, paving the way for the current rally. Supply suffocation by holders below $20K creates a strong market floor. (09:02) 🏦 Evolving Exchange Dynamics: Borrowing against Bitcoin instead of selling it is maturing the market. This reduces sell pressure and positions BTC as pristine collateral, even drawing interest from traditional banks. (12:22) ⚡ Bullish Catalysts: A pro-Bitcoin U.S. president, ETF launches, and derivatives are energizing the market, with potential for explosive growth by 2025. However, risks like custody failures or copycat investing strategies loom. (28:30) 🔥 “Euphoria Zone” Alert: New retail interest is surging, yet historical patterns warn this euphoria may only last 6-18 months. Will Bitcoin hit $300K or consolidate before the next leg up? (59:13) Full video: #Bitcoin #Crypto #BTC #MarketTrends #FinancialFreedom

J64 - SignalStation.app

115,137 次观看 • 1 年前

WTF is OP_NET and WTF is If you’re looking for a REAL OPPORTUNITY during this cycle, then check this out👇 OP_NET (OP_NET) is a groundbreaking metaprotocol that brings advanced smart contract functionality to Bitcoin, overcoming the limitations of previous Bitcoin-based protocols like Ordinals and BRC-20. It leverages Tapscript and a custom virtual machine (OP_VM) to enable complex decentralized applications (dApps), DeFi, and NFTs directly on the Bitcoin, all while using Bitcoin as gas! This combination of programmability + unparalleled security and decentralization presents a UNIQUE INVESTMENT OPPORTUNITY on Bitcoin. OP_NET has the potential to unlock significant amount of value ($1.3T+) by enabling the first fully programmable layer on the world's most secure blockchain. This means early investors in projects built on OP_NET, like could be in for a WILD ride in the next 12 months! So, WTF is is basically but on Bitcoin. It's easy: create your token-->complete the bonding curve-->have a liquidity pool automatically deployed on (at no cost to you!). Now, we know what you're thinking: "isn't Bitcoin like super slow?" Yeah, it is. Enter: "SlowFi." In case you haven’t heard, SlowFi, is the term people are using to describe the DeFi experience on Bitcoin, where you’ll likely be waiting around 10 minutes for transaction to settle. Here’s the twist, though: this slower pace isn’t a bug—it’s a feature! With more time to think, strategize, and plan your moves, you’re less likely to get caught up in the frantic FOMO that can lead to bad decisions. The slower transaction times give you a better shot at hitting those sweet spots on bonding curves, making it easier to see those curves through to completion. Less volatility = more orderly progress through the curve. This can make it easier for the bonding curve to reach its completion point, as participants have a clearer understanding of price trajectories. SlowFi Sounds Cool But I'm a Fast-Paced Degen, What Can Offer Me? We get it. Not everyone’s cut out for the deliberate, methodical world of SlowFi. If you’re itching for that fast-paced, adrenaline-fueled trading environment, no worries. We got you! will also be launching on Fractal (Fractal Bitcoin), Unisat's Bitcoin sidechain, which is designed for speed and agility (30 sec block times). So, if SlowFi sounds a bit boring to you, just flip the switch on the dashboard and head over to our Fractal iteration where you'll be able to play FAST! The Last Thing We'll Say is This👇 The real reason to get excited about is simple. Whether you’re playing on SlowFi or tearing it up on Fractal, $FUN token stakers are in for a treat. We’ll be sharing our platform's revenue directly with our stakers, meaning every transaction, every trade, every time someone dives into a bonding curve, stakers are getting their cut. This isn’t just about earning tokens; it’s about being a part of our success and growing your stack along with us! It’s a win-win, or better yet, its a fun-fun! 😀 Bitcoin season 2 (SlowFi season) is COMING! Make sure to check out some of the other projects leading the way: SLOHM Finance Stash UNGA (OP_NET) Pepe (OP_NET) Take the orange pill and let's play!!! 💊💊💊
0:35

WTF is OP_NET and WTF is If you’re looking for a REAL OPPORTUNITY during this cycle, then check this out👇 OP_NET (OP_NET) is a groundbreaking metaprotocol that brings advanced smart contract functionality to Bitcoin, overcoming the limitations of previous Bitcoin-based protocols like Ordinals and BRC-20. It leverages Tapscript and a custom virtual machine (OP_VM) to enable complex decentralized applications (dApps), DeFi, and NFTs directly on the Bitcoin, all while using Bitcoin as gas! This combination of programmability + unparalleled security and decentralization presents a UNIQUE INVESTMENT OPPORTUNITY on Bitcoin. OP_NET has the potential to unlock significant amount of value ($1.3T+) by enabling the first fully programmable layer on the world's most secure blockchain. This means early investors in projects built on OP_NET, like could be in for a WILD ride in the next 12 months! So, WTF is is basically but on Bitcoin. It's easy: create your token-->complete the bonding curve-->have a liquidity pool automatically deployed on (at no cost to you!). Now, we know what you're thinking: "isn't Bitcoin like super slow?" Yeah, it is. Enter: "SlowFi." In case you haven’t heard, SlowFi, is the term people are using to describe the DeFi experience on Bitcoin, where you’ll likely be waiting around 10 minutes for transaction to settle. Here’s the twist, though: this slower pace isn’t a bug—it’s a feature! With more time to think, strategize, and plan your moves, you’re less likely to get caught up in the frantic FOMO that can lead to bad decisions. The slower transaction times give you a better shot at hitting those sweet spots on bonding curves, making it easier to see those curves through to completion. Less volatility = more orderly progress through the curve. This can make it easier for the bonding curve to reach its completion point, as participants have a clearer understanding of price trajectories. SlowFi Sounds Cool But I'm a Fast-Paced Degen, What Can Offer Me? We get it. Not everyone’s cut out for the deliberate, methodical world of SlowFi. If you’re itching for that fast-paced, adrenaline-fueled trading environment, no worries. We got you! will also be launching on Fractal (Fractal Bitcoin), Unisat's Bitcoin sidechain, which is designed for speed and agility (30 sec block times). So, if SlowFi sounds a bit boring to you, just flip the switch on the dashboard and head over to our Fractal iteration where you'll be able to play FAST! The Last Thing We'll Say is This👇 The real reason to get excited about is simple. Whether you’re playing on SlowFi or tearing it up on Fractal, $FUN token stakers are in for a treat. We’ll be sharing our platform's revenue directly with our stakers, meaning every transaction, every trade, every time someone dives into a bonding curve, stakers are getting their cut. This isn’t just about earning tokens; it’s about being a part of our success and growing your stack along with us! It’s a win-win, or better yet, its a fun-fun! 😀 Bitcoin season 2 (SlowFi season) is COMING! Make sure to check out some of the other projects leading the way: SLOHM Finance Stash UNGA (OP_NET) Pepe (OP_NET) Take the orange pill and let's play!!! 💊💊💊

op.fun (OP_NET)

16,418 次观看 • 2 年前

Michael Saylor spent 2025 telling people to sell a kidney before selling Bitcoin. Then he literally dumped $323 million of it since May. He just went on Diary of a CEO and exposed himself as a hypocrite in his own words: His company holds 842,138 Bitcoin. That is roughly 4% of every coin that will ever exist, which makes it the largest corporate holder on Earth. In February 2025 he posted "Sell a kidney if you must, but keep the Bitcoin." Weeks earlier he had written that selling weakens the network. But here is what his own filings show since May: - 32 Bitcoin sold between May 26 and May 31 for $2.5 million - 3,588 Bitcoin sold between June 29 and July 5 for $216 million, the largest disposal in company history - 1,638 Bitcoin sold between July 27 and August 2 for $104.73 million That last batch went out at an average of $63,957 a coin. His average purchase price is around $75,400. He sold at a LOSS. New Bitcoin purchases are currently paused. So why is the loudest Bitcoin bull alive selling coins for less than he paid? The answer is a bill he built himself, and he walked through the whole thing on that podcast without once connecting it to the selling. He went to ChatGPT and asked it to design a security nobody had ever built, a preferred stock where he could change the dividend rate every month. He says the lawyers and bankers told him it had never been done before. He brought it to market as a $2.5 billion IPO, then sold another $8 billion off a shelf registration. His own framing of that: Selling $15 billion of credit "kind of equates to the company making about $15 billion." Selling credit is borrowing. Every dollar came attached to a dividend he now has to pay in cash, forever, whether Bitcoin goes up or not. Strategy owes over $1.7 billion a year across five preferred instruments and its debt. The software business does not come close to covering that. So the Bitcoin covers it. The break-even is 3.2%. So if Bitcoin appreciates 3.2% a year, they can pay those dividends indefinitely by selling Bitcoin to do it. He called the sale a one-time demonstration to break a short seller narrative and said selling is not the primary strategy. His own CEO Phong Le told the Q2 earnings call that Strategy will sell whenever management finds it advantageous, and that investors should expect more going forward. Now look at who ends up holding the bag: That preferred stock is majority owned by retail investors, and it dropped to $89 against a $100 par value in June. Retail Bitcoin holders get told to hold through anything while retail preferred holders get paid a yield funded by selling that same Bitcoin at a loss. He opened that same episode explaining that Bitcoin lets you own something nobody more powerful can take away from you. In 2024 he paid $40 million to settle what the DC Attorney General called the LARGEST income tax fraud recovery in the city's history. The complaint said he claimed residency in Florida while his own security logs placed him in Washington for 1,397 days against 449 in Florida. He settled without admitting wrongdoing and still disputes living there. In 2000 he settled SEC accounting fraud charges after his company reported profits during years it was actually losing money. He disgorged $8.28 million and admitted nothing. Strategy lost $12.54 billion in the first quarter and another $8.22 billion in the second. And this week he sat there and told a 25 year old with a few hundred dollars to buy Bitcoin and hold it for a decade. But he is not doing that himself. His company just SOLD $105 million of it. What do you think of Saylor?
2:24

Michael Saylor spent 2025 telling people to sell a kidney before selling Bitcoin. Then he literally dumped $323 million of it since May. He just went on Diary of a CEO and exposed himself as a hypocrite in his own words: His company holds 842,138 Bitcoin. That is roughly 4% of every coin that will ever exist, which makes it the largest corporate holder on Earth. In February 2025 he posted "Sell a kidney if you must, but keep the Bitcoin." Weeks earlier he had written that selling weakens the network. But here is what his own filings show since May: - 32 Bitcoin sold between May 26 and May 31 for $2.5 million - 3,588 Bitcoin sold between June 29 and July 5 for $216 million, the largest disposal in company history - 1,638 Bitcoin sold between July 27 and August 2 for $104.73 million That last batch went out at an average of $63,957 a coin. His average purchase price is around $75,400. He sold at a LOSS. New Bitcoin purchases are currently paused. So why is the loudest Bitcoin bull alive selling coins for less than he paid? The answer is a bill he built himself, and he walked through the whole thing on that podcast without once connecting it to the selling. He went to ChatGPT and asked it to design a security nobody had ever built, a preferred stock where he could change the dividend rate every month. He says the lawyers and bankers told him it had never been done before. He brought it to market as a $2.5 billion IPO, then sold another $8 billion off a shelf registration. His own framing of that: Selling $15 billion of credit "kind of equates to the company making about $15 billion." Selling credit is borrowing. Every dollar came attached to a dividend he now has to pay in cash, forever, whether Bitcoin goes up or not. Strategy owes over $1.7 billion a year across five preferred instruments and its debt. The software business does not come close to covering that. So the Bitcoin covers it. The break-even is 3.2%. So if Bitcoin appreciates 3.2% a year, they can pay those dividends indefinitely by selling Bitcoin to do it. He called the sale a one-time demonstration to break a short seller narrative and said selling is not the primary strategy. His own CEO Phong Le told the Q2 earnings call that Strategy will sell whenever management finds it advantageous, and that investors should expect more going forward. Now look at who ends up holding the bag: That preferred stock is majority owned by retail investors, and it dropped to $89 against a $100 par value in June. Retail Bitcoin holders get told to hold through anything while retail preferred holders get paid a yield funded by selling that same Bitcoin at a loss. He opened that same episode explaining that Bitcoin lets you own something nobody more powerful can take away from you. In 2024 he paid $40 million to settle what the DC Attorney General called the LARGEST income tax fraud recovery in the city's history. The complaint said he claimed residency in Florida while his own security logs placed him in Washington for 1,397 days against 449 in Florida. He settled without admitting wrongdoing and still disputes living there. In 2000 he settled SEC accounting fraud charges after his company reported profits during years it was actually losing money. He disgorged $8.28 million and admitted nothing. Strategy lost $12.54 billion in the first quarter and another $8.22 billion in the second. And this week he sat there and told a 25 year old with a few hundred dollars to buy Bitcoin and hold it for a decade. But he is not doing that himself. His company just SOLD $105 million of it. What do you think of Saylor?

Ricardo

20,623 次观看 • 22 天前

People just aren’t ready for what’s about to happen. Oh NO! Bitcoin didn’t hit $100k… Who gives a fuck?? This is what you need to be looking at👇 The U.S. government is looking to establish a Strategic Bitcoin Reserve. If you’re still mouth breathing on the fence yabbering away about “no intrinsic value” then I’m sorry but you simply won’t make it. Ever. The US are planning to accumulate 1 million Bitcoin over 5 years. About 5% of the world’s supply. What do you think the rest of the world is going to do when that starts? The only remotely sensible question I hear is: “Are they really going to get the bill passed?” But even then, it’s hard to question how much momentum exists today. Here are some key points: 1. The US holds around 25% of the WORLD’s gold supply in its strategic reserve. That’s almost as much as the next three largest gold-holding countries combined: Germany, Italy, and France. Is the US really going to sit this one out while other countries accumulate what is being coined as “Digital Gold?” I find that unlikely. 2. Many countries are getting heavily involved…fast. Russia recently launched a BRICS mining project. They’re pushing to be the world's second-largest crypto mining market after the United States. El Salvador is knee deep in everything Bitcoin. Bhutan holds the equivalent of 39% of its total GDP in Bitcoin. Multiple U.S. states will also be introducing Strategic Bitcoin Reserve legislation. So why not the Federal Government? We’re not just going to see institutional FOMO… We’re about to see GOVERNMENT FOMO. 3. All the top government officials in Trump’s administration are heavily involved in crypto. Trump Media in talks of buying the crypto trading firm, Bakkt, which is owned by Intercontinental Exchange, the owner of the New York Stock Exchange. Elon Musk – nothing more needs to be said. RFK revealed most of his wealth is in Bitcoin. JD Vance owns a bunch of crypto. And Vivek Ramaswamy is probably GCR . You’re telling me these guys won’t work something out? 4. There’s a literal government department called DOGE. Just let that sink in. . Right, so what does this all mean for you? We’re more than likely going to see things go nuts. Very soon. And at the very least things will be positive for crypto over the next few years. For those who are ready to get serious, you have the chance to set yourself up and create generational wealth. This is what I’ve done over the last 2 cycles along with many of the students in our community. Now is the time to prepare. Don't be left behind.
2:14

People just aren’t ready for what’s about to happen. Oh NO! Bitcoin didn’t hit $100k… Who gives a fuck?? This is what you need to be looking at👇 The U.S. government is looking to establish a Strategic Bitcoin Reserve. If you’re still mouth breathing on the fence yabbering away about “no intrinsic value” then I’m sorry but you simply won’t make it. Ever. The US are planning to accumulate 1 million Bitcoin over 5 years. About 5% of the world’s supply. What do you think the rest of the world is going to do when that starts? The only remotely sensible question I hear is: “Are they really going to get the bill passed?” But even then, it’s hard to question how much momentum exists today. Here are some key points: 1. The US holds around 25% of the WORLD’s gold supply in its strategic reserve. That’s almost as much as the next three largest gold-holding countries combined: Germany, Italy, and France. Is the US really going to sit this one out while other countries accumulate what is being coined as “Digital Gold?” I find that unlikely. 2. Many countries are getting heavily involved…fast. Russia recently launched a BRICS mining project. They’re pushing to be the world's second-largest crypto mining market after the United States. El Salvador is knee deep in everything Bitcoin. Bhutan holds the equivalent of 39% of its total GDP in Bitcoin. Multiple U.S. states will also be introducing Strategic Bitcoin Reserve legislation. So why not the Federal Government? We’re not just going to see institutional FOMO… We’re about to see GOVERNMENT FOMO. 3. All the top government officials in Trump’s administration are heavily involved in crypto. Trump Media in talks of buying the crypto trading firm, Bakkt, which is owned by Intercontinental Exchange, the owner of the New York Stock Exchange. Elon Musk – nothing more needs to be said. RFK revealed most of his wealth is in Bitcoin. JD Vance owns a bunch of crypto. And Vivek Ramaswamy is probably GCR . You’re telling me these guys won’t work something out? 4. There’s a literal government department called DOGE. Just let that sink in. . Right, so what does this all mean for you? We’re more than likely going to see things go nuts. Very soon. And at the very least things will be positive for crypto over the next few years. For those who are ready to get serious, you have the chance to set yourself up and create generational wealth. This is what I’ve done over the last 2 cycles along with many of the students in our community. Now is the time to prepare. Don't be left behind.

Daxx

21,532 次观看 • 1 年前

Completely devastated after losing access to my Bitcoin wallet. This is my story: I’ve been buying Bitcoin since 2020. My goal starting out was to get to 1 whole Bitcoin and I got all the way up to .88. I bought almost weekly for the last 4 years. I bought all the way up to $69k and back down to $16k and back up to $100k + and I never thought about selling. I’ve learned so much about Bitcoin since I started. Bitcoin has become my hope at a chance at wealth. I’m a strength and conditioning coach by trade, self employed. I have no retirement, Bitcoin was my retirement. I’ve put my life savings into Bitcoin over this time period. Bitcoin was hope for my financial future. Bitcoin is a chance for a normal person to have a chance at financial security. I believe this in my heart. Last week, I went to transfer my bitcoin to a jade wallet from my ledger nano s. I didn’t realize I only get 3 chances to enter my PIN before the ledger factory resets. Well, it did. I thought it was fine because I’d find my recovery phrase that was written down. I spent the weekend searching my small 2 bedroom apartment and looked through every inch of my home. I looked through every shoe, jacket pocket, pants pocket, every drawer, cabinet in the house and I can’t find my recovery phrase. My Bitcoin is now inaccessible on the ledger and I spent the greater part of my week feeling hopeless. I’m an optimistic person, I’m usually inspired and try to inspire others. That’s why I’m a good coach. This past week I’ve felt unmotivated and pessimistic about everything in life. I’m devastated and I feel hopeless. With Bitcoin I knew I’d be good financially in 10-20 years. But that’s gone now. Life feels pointless to be stuck in this rat race. It feels like there’s no way out. I come from nothing, I’ve been climbing against all odds my whole life. I’ve made money before and lost it all. I’ve slipped, fell, been knocked down 100 times and I get up 101. I always fight my way back, it’s never been easy. There’s no resilience without adversity, there’s no courage without fear. I’m going to fight my way back and get to that 1 Bitcoin, I will find a way. If there’s anybody out there that can offer advice on how to move forward or that might have tips that can help me, I’d really appreciate your help. I know I’m an idiot or whatever else people might say, I’ve been beating myself up for a week. You never think it can happen to you, until it does. I’d greatly appreciate any advice or tips on how to deal with this situation. I want this to be a lesson to everybody out there. Guard those seed words with your life! Keep it somewhere safe, somewhere you know you’ll never lose it. It’s so important, you don’t get a second chance. It’s a responsibility that comes with being sovereign. Please, learn from my pain and do not neglect your security. I’ll end this with a quote from Nipsey Hussle, who has inspired me more than anyone in life, “The game is going to test you, never fold. Stay 10 toes down. It’s not on you, it’s in you, and what’s in you they can’t take away.” The Marathon Continues! Love you all 🦾💙🏁 Ledger
3:34

Completely devastated after losing access to my Bitcoin wallet. This is my story: I’ve been buying Bitcoin since 2020. My goal starting out was to get to 1 whole Bitcoin and I got all the way up to .88. I bought almost weekly for the last 4 years. I bought all the way up to $69k and back down to $16k and back up to $100k + and I never thought about selling. I’ve learned so much about Bitcoin since I started. Bitcoin has become my hope at a chance at wealth. I’m a strength and conditioning coach by trade, self employed. I have no retirement, Bitcoin was my retirement. I’ve put my life savings into Bitcoin over this time period. Bitcoin was hope for my financial future. Bitcoin is a chance for a normal person to have a chance at financial security. I believe this in my heart. Last week, I went to transfer my bitcoin to a jade wallet from my ledger nano s. I didn’t realize I only get 3 chances to enter my PIN before the ledger factory resets. Well, it did. I thought it was fine because I’d find my recovery phrase that was written down. I spent the weekend searching my small 2 bedroom apartment and looked through every inch of my home. I looked through every shoe, jacket pocket, pants pocket, every drawer, cabinet in the house and I can’t find my recovery phrase. My Bitcoin is now inaccessible on the ledger and I spent the greater part of my week feeling hopeless. I’m an optimistic person, I’m usually inspired and try to inspire others. That’s why I’m a good coach. This past week I’ve felt unmotivated and pessimistic about everything in life. I’m devastated and I feel hopeless. With Bitcoin I knew I’d be good financially in 10-20 years. But that’s gone now. Life feels pointless to be stuck in this rat race. It feels like there’s no way out. I come from nothing, I’ve been climbing against all odds my whole life. I’ve made money before and lost it all. I’ve slipped, fell, been knocked down 100 times and I get up 101. I always fight my way back, it’s never been easy. There’s no resilience without adversity, there’s no courage without fear. I’m going to fight my way back and get to that 1 Bitcoin, I will find a way. If there’s anybody out there that can offer advice on how to move forward or that might have tips that can help me, I’d really appreciate your help. I know I’m an idiot or whatever else people might say, I’ve been beating myself up for a week. You never think it can happen to you, until it does. I’d greatly appreciate any advice or tips on how to deal with this situation. I want this to be a lesson to everybody out there. Guard those seed words with your life! Keep it somewhere safe, somewhere you know you’ll never lose it. It’s so important, you don’t get a second chance. It’s a responsibility that comes with being sovereign. Please, learn from my pain and do not neglect your security. I’ll end this with a quote from Nipsey Hussle, who has inspired me more than anyone in life, “The game is going to test you, never fold. Stay 10 toes down. It’s not on you, it’s in you, and what’s in you they can’t take away.” The Marathon Continues! Love you all 🦾💙🏁 Ledger

Chaseyourdreams247

1,869,840 次观看 • 1 年前

Good afternoon, everyone. It was an honor to meet everyone and talk with you at MSTR True North World — among friends, pioneers, skeptics, and the quietly curious. Since January of 2021, I’ve been studying Bitcoin. And over the last 6 months, I’ve spent more than 121 hours interviewing executives, analysts, allocators, CFOs, board members, and everyday Bitcoiners across New York, Miami, Boston, Paris and beyond. I’ve sat in boardrooms and basements, on stages and at poolside bars. I’ve heard ideas sharpened by experience — and caution shaped by capital risk. And what I’ve come away with is simple: Bitcoin treasuries are no longer theory. They are becoming practice. Quietly, strategically, and at the edges of the legacy system. I've come away with three lessons. Lesson 1: No one’s asking “why” anymore—they’re asking “how.” The shift is subtle, but it’s everywhere. In 2021, the question was: Why would we hold Bitcoin on a corporate balance sheet? In 2023, it became: What are the risks? How do we explain this to auditors and boards? Now in 2025, it’s: What’s our timing strategy? What percentage makes sense? Which vendors do we engage with for custody and beyond? Lesson 2: The conversation isn’t just financial—it’s philosophical. This isn’t just about a hedge—it’s about preparing for a world that feels less anchored. Bitcoin represents something beyond volatility charts. It’s about opt-out optionality. It’s about control. That’s why it’s attractive to sovereigns, startups, and mid-market CEOs alike. Lesson 3: Geography matters—but mindset matters more. In El Salvador, Bitcoin is infrastructure. In Paris, it’s a hedge against monetary orthodoxy. In New York, it’s a bet on innovation. But everywhere I go, the common thread isn’t politics or price—it’s resilience. The smartest people in capital markets today are quietly exploring how Bitcoin can help them withstand turbulence — not chase returns. The world is shifting beneath our feet. Inflation targets are guesses. Debt ceilings are flexible. Global trust in fiat systems is fraying. And in that context, Bitcoin isn’t just a tech play — it’s a strategic reserve choice. The positioning has shifted. We’re no longer betting on Bitcoin. We’re acknowledging it. That’s the future we’re walking into — not maximalist or minimalist, but realist. Realists are saying: “Let’s not put 100% of our reserves into this—but let’s not ignore it either.” They’re adding 1%, 2%, 3%—quietly. And what that means is: the next chapter of adoption won’t necessarily be loud. It’ll be layered into spreadsheets, policies, and quarterly risk disclosures. But none of this happens in a vacuum. Bitcoin isn’t just about bytes and blocks — it’s about people. The community I’ve met through these 121 hours—analysts, entrepreneurs, regulators, CFOs—they all have something in common: They’ve had the conversation. They’ve questioned the system. They’ve reached for something sturdier, even when it felt risky. In that way, Bitcoin treasuries aren’t just about capital reserves. They’re about emotional reserves. About saying: “We want to build something we believe in—even if it’s hard to explain on CNBC.” So what’s next? We’re entering a phase where Bitcoin will coexist with the legacy system—not replace it overnight. Treasuries won’t go all in. But they’ll lean in. They’ll study, they’ll test, and eventually, they’ll move. And as that happens, it won’t be a parade. It’ll be a process. So my invitation to you—whether you’re a Bitcoiner, a builder, a skeptic, or a steward of capital — is this: Keep having the conversation. Keep asking “how.” And most importantly—stay connected to the people who are asking questions of you. Because at the intersection of code and community, we’re building the next generation of financial truth. Thank you. Let’s keep going.
6:13

Good afternoon, everyone. It was an honor to meet everyone and talk with you at MSTR True North World — among friends, pioneers, skeptics, and the quietly curious. Since January of 2021, I’ve been studying Bitcoin. And over the last 6 months, I’ve spent more than 121 hours interviewing executives, analysts, allocators, CFOs, board members, and everyday Bitcoiners across New York, Miami, Boston, Paris and beyond. I’ve sat in boardrooms and basements, on stages and at poolside bars. I’ve heard ideas sharpened by experience — and caution shaped by capital risk. And what I’ve come away with is simple: Bitcoin treasuries are no longer theory. They are becoming practice. Quietly, strategically, and at the edges of the legacy system. I've come away with three lessons. Lesson 1: No one’s asking “why” anymore—they’re asking “how.” The shift is subtle, but it’s everywhere. In 2021, the question was: Why would we hold Bitcoin on a corporate balance sheet? In 2023, it became: What are the risks? How do we explain this to auditors and boards? Now in 2025, it’s: What’s our timing strategy? What percentage makes sense? Which vendors do we engage with for custody and beyond? Lesson 2: The conversation isn’t just financial—it’s philosophical. This isn’t just about a hedge—it’s about preparing for a world that feels less anchored. Bitcoin represents something beyond volatility charts. It’s about opt-out optionality. It’s about control. That’s why it’s attractive to sovereigns, startups, and mid-market CEOs alike. Lesson 3: Geography matters—but mindset matters more. In El Salvador, Bitcoin is infrastructure. In Paris, it’s a hedge against monetary orthodoxy. In New York, it’s a bet on innovation. But everywhere I go, the common thread isn’t politics or price—it’s resilience. The smartest people in capital markets today are quietly exploring how Bitcoin can help them withstand turbulence — not chase returns. The world is shifting beneath our feet. Inflation targets are guesses. Debt ceilings are flexible. Global trust in fiat systems is fraying. And in that context, Bitcoin isn’t just a tech play — it’s a strategic reserve choice. The positioning has shifted. We’re no longer betting on Bitcoin. We’re acknowledging it. That’s the future we’re walking into — not maximalist or minimalist, but realist. Realists are saying: “Let’s not put 100% of our reserves into this—but let’s not ignore it either.” They’re adding 1%, 2%, 3%—quietly. And what that means is: the next chapter of adoption won’t necessarily be loud. It’ll be layered into spreadsheets, policies, and quarterly risk disclosures. But none of this happens in a vacuum. Bitcoin isn’t just about bytes and blocks — it’s about people. The community I’ve met through these 121 hours—analysts, entrepreneurs, regulators, CFOs—they all have something in common: They’ve had the conversation. They’ve questioned the system. They’ve reached for something sturdier, even when it felt risky. In that way, Bitcoin treasuries aren’t just about capital reserves. They’re about emotional reserves. About saying: “We want to build something we believe in—even if it’s hard to explain on CNBC.” So what’s next? We’re entering a phase where Bitcoin will coexist with the legacy system—not replace it overnight. Treasuries won’t go all in. But they’ll lean in. They’ll study, they’ll test, and eventually, they’ll move. And as that happens, it won’t be a parade. It’ll be a process. So my invitation to you—whether you’re a Bitcoiner, a builder, a skeptic, or a steward of capital — is this: Keep having the conversation. Keep asking “how.” And most importantly—stay connected to the people who are asking questions of you. Because at the intersection of code and community, we’re building the next generation of financial truth. Thank you. Let’s keep going.

Tim Kotzman

30,231 次观看 • 1 年前

Hey guys, welcome back. BTC closed inside of the TBO cloud, up 1.66% on Friday, my third green day in a row, the first close inside since it fell out back on May 26. My macro trend is still bearish since all four TBO lines point down, but I'm expecting Bitcoin to stay bullish through July after catching a bullish OBV cross above the 21SMA on Thursday. I'm watching for this week's candle to close above last week's high at 65,622, which is a tall order, but Bitcoin's RSI at 59.69 tells me there's still room to run before overbought. Ethereum had a fantastic day too, closing up 3.3% and shooting up 14% since Wednesday, with a bullish engulfing candle on the weekly and a bullish RSI reset that I like a lot, targeting around 2,080. Solana dropped another 1.9% and remains in bearish consolidation, which I actually see as healthy given Bitcoin dominance staying bearish, since that's keeping alts strong. My total altcoin cap chart closed inside the cloud with a bullish OBV cross too, which I think marks the start of a regime shift, though I'm still telling anyone on a DCA strategy to keep taking profits since we're in a macro bear market overall. On the TradFi side, I saw a bearish TBO reversal print on Thursday plus a wick into the cloud, so I'm on the fence there, watching the Dixie closely since a break above 102 would be real trouble. The Nikkei and KOSPI both bounced, oil stayed oversold for a tenth straight bar, and gold and silver both printed TBO reversal signs that I'm watching for a tag of the fast line before I'd consider taking profit or flipping short. For my picks, I bought Bitcoin cash on its RSI reset, I'm watching Solana, Farcoin, and Whiff for pullback entries, and I flagged Morpho and Aerodrome as showing early bearish reversal signs worth watching this weekend. CHAPTER MARKERS 00:00 Bitcoin closes inside the TBO cloud 02:46 Ethereum strength and RSI room 04:53 Bitcoin dominance and altcoin breadth 06:53 TradFi setup, Dixie, and USDJPY 09:27 Nikkei, KOSPI, oil, gold, and silver 12:01 Better Traders resources and bot trading 14:17 Kraken, prop trading, Phemex, and AFX 16:20 Bitcoin Cash, Solana, and TBO close shorts 18:30 XRP, SUI, PEPE, VVV, and LAB warnings 20:56 XLM, ALLO, GWEI, FAI, and Fetch 23:21 Micron and MELI pullback setups
25:51

Hey guys, welcome back. BTC closed inside of the TBO cloud, up 1.66% on Friday, my third green day in a row, the first close inside since it fell out back on May 26. My macro trend is still bearish since all four TBO lines point down, but I'm expecting Bitcoin to stay bullish through July after catching a bullish OBV cross above the 21SMA on Thursday. I'm watching for this week's candle to close above last week's high at 65,622, which is a tall order, but Bitcoin's RSI at 59.69 tells me there's still room to run before overbought. Ethereum had a fantastic day too, closing up 3.3% and shooting up 14% since Wednesday, with a bullish engulfing candle on the weekly and a bullish RSI reset that I like a lot, targeting around 2,080. Solana dropped another 1.9% and remains in bearish consolidation, which I actually see as healthy given Bitcoin dominance staying bearish, since that's keeping alts strong. My total altcoin cap chart closed inside the cloud with a bullish OBV cross too, which I think marks the start of a regime shift, though I'm still telling anyone on a DCA strategy to keep taking profits since we're in a macro bear market overall. On the TradFi side, I saw a bearish TBO reversal print on Thursday plus a wick into the cloud, so I'm on the fence there, watching the Dixie closely since a break above 102 would be real trouble. The Nikkei and KOSPI both bounced, oil stayed oversold for a tenth straight bar, and gold and silver both printed TBO reversal signs that I'm watching for a tag of the fast line before I'd consider taking profit or flipping short. For my picks, I bought Bitcoin cash on its RSI reset, I'm watching Solana, Farcoin, and Whiff for pullback entries, and I flagged Morpho and Aerodrome as showing early bearish reversal signs worth watching this weekend. CHAPTER MARKERS 00:00 Bitcoin closes inside the TBO cloud 02:46 Ethereum strength and RSI room 04:53 Bitcoin dominance and altcoin breadth 06:53 TradFi setup, Dixie, and USDJPY 09:27 Nikkei, KOSPI, oil, gold, and silver 12:01 Better Traders resources and bot trading 14:17 Kraken, prop trading, Phemex, and AFX 16:20 Bitcoin Cash, Solana, and TBO close shorts 18:30 XRP, SUI, PEPE, VVV, and LAB warnings 20:56 XLM, ALLO, GWEI, FAI, and Fetch 23:21 Micron and MELI pullback setups

Aaron Dishner

11,627 次观看 • 1 个月前

🚨IMPORTANT🚨 Details and conditions of the OG $ARMY NFT Collection MINT Date: 12.19.2024 Total units: 589 Mint price: 58.9 $XRP ⭐️Conditions⭐️ We know that there are few units. We know that we could make a collection of 3,000 NFTs so that everyone can have their own. But the goal is not to make one NFT collection among so many. The goal is to create the best and most exclusive NFT collection that exists within the XRP blockchain. And that is why we know that there will not be units for everyone. Now we will talk a little about what we hope to achieve with this collection. To begin with, so that the process is as fair as possible, a time window will be given (20:00 - 23:00 UTC) where it will be launched as a surprise, on xrp.cafe ☕ The link to the MINT will be given in the Telegram Announcement channel, so we recommend that you keep an eye on it. Prepare your wallet with funds if you want to be ready for the minting. You must have the funds in a wallet compatible with xrp.cafe ☕ Our goal is an NFT collection that shows status, and that is why the units will be very limited. If we compare the main NFT collections from other ecosystems, we find the following: - Ethereum: Pudgy Penguns: 30 $ETH Floor Price (100k usd) CryptoPunks: 38 $ETH (150k usd) - Solana: Mad Labs: 61 SOL (14k usd) SMV: 40 SOL (10k usd) - Bitcoin: Bitcoin Puppets: 0.15 BTC (15k usd) - XRP Bear Collection: 1600 $XRP (4k usd) The goal is to place ourselves among the large NFT collections. As you can see, the minting price of 58.9 XRP (approximately 150 USD) can have an interesting upside. In addition, our supply is more limited than the collections described above. 🔥Less supply = more exclusive = more floor price🔥 The collection is made with a lot of love for XRP. You will be able to see in it many details about our beloved crypto asset. XRP deserves a blue chip collection on par with the rest of the blockchains. In addition, we have a surprise for the TOP 10 $ARMY holders: they will win a gift of 1 free NFT, which they must accept once it is sent to them. Another thing, the minting will be limited to 1 NFT per wallet. This is because we want the units to be as evenly distributed as possible, and there is no whale that hoards 20 NFTs at once. Finally, the NFTs contain rarities. The minting is random. In addition, there will be 10 exclusive 1/1 NFTs that cannot be minted, but will be put up for auction and will be won by the highest bidder. What will we do with the funds raised? Very easy: listing on CoinMarketCap/Coingecko + listings on multiple exchanges + surprises we have prepared The path of the XRP $ARMY to 10 billion will not be easy, but as with $XRP, we will be here giving everything for the project. Good luck to everyone and see you on Thursday at the mint!
1:08

🚨IMPORTANT🚨 Details and conditions of the OG $ARMY NFT Collection MINT Date: 12.19.2024 Total units: 589 Mint price: 58.9 $XRP ⭐️Conditions⭐️ We know that there are few units. We know that we could make a collection of 3,000 NFTs so that everyone can have their own. But the goal is not to make one NFT collection among so many. The goal is to create the best and most exclusive NFT collection that exists within the XRP blockchain. And that is why we know that there will not be units for everyone. Now we will talk a little about what we hope to achieve with this collection. To begin with, so that the process is as fair as possible, a time window will be given (20:00 - 23:00 UTC) where it will be launched as a surprise, on xrp.cafe ☕ The link to the MINT will be given in the Telegram Announcement channel, so we recommend that you keep an eye on it. Prepare your wallet with funds if you want to be ready for the minting. You must have the funds in a wallet compatible with xrp.cafe ☕ Our goal is an NFT collection that shows status, and that is why the units will be very limited. If we compare the main NFT collections from other ecosystems, we find the following: - Ethereum: Pudgy Penguns: 30 $ETH Floor Price (100k usd) CryptoPunks: 38 $ETH (150k usd) - Solana: Mad Labs: 61 SOL (14k usd) SMV: 40 SOL (10k usd) - Bitcoin: Bitcoin Puppets: 0.15 BTC (15k usd) - XRP Bear Collection: 1600 $XRP (4k usd) The goal is to place ourselves among the large NFT collections. As you can see, the minting price of 58.9 XRP (approximately 150 USD) can have an interesting upside. In addition, our supply is more limited than the collections described above. 🔥Less supply = more exclusive = more floor price🔥 The collection is made with a lot of love for XRP. You will be able to see in it many details about our beloved crypto asset. XRP deserves a blue chip collection on par with the rest of the blockchains. In addition, we have a surprise for the TOP 10 $ARMY holders: they will win a gift of 1 free NFT, which they must accept once it is sent to them. Another thing, the minting will be limited to 1 NFT per wallet. This is because we want the units to be as evenly distributed as possible, and there is no whale that hoards 20 NFTs at once. Finally, the NFTs contain rarities. The minting is random. In addition, there will be 10 exclusive 1/1 NFTs that cannot be minted, but will be put up for auction and will be won by the highest bidder. What will we do with the funds raised? Very easy: listing on CoinMarketCap/Coingecko + listings on multiple exchanges + surprises we have prepared The path of the XRP $ARMY to 10 billion will not be easy, but as with $XRP, we will be here giving everything for the project. Good luck to everyone and see you on Thursday at the mint!

$ARMY

34,459 次观看 • 1 年前

2025 reflected a year of coordinated execution. As products expanded and new markets came online, the underlying platform continued to strengthen in step. Here’s what we built in the past 365 days 👇 Launching New Products The Gemini Credit Card evolved with the release of the Bitcoin, Solana, XRP, and American Business versions of the card, allowing our US customers to earn rewards in crypto, and additional benefits for businesses.* We launched the Gemini Wallet, giving users a powerful self-custody wallet to have more control over their digital assets and manage their finances onchain. In the European Union (EU), Gemini launched Tokenized Stocks**, bringing the world’s leading equities onto the blockchain with zero trading fees. We added Gemini Perpetuals** in the EU, putting the power of crypto derivatives with up to 100x leverage in the hands of advanced traders, and have continued to expand the number of perpetual contracts available – opening up new trading opportunities in memecoins, DeFi, and beyond. In Europe, users gained the ability to stake*** their ETH and SOL, unlocking the potential to earn rewards of up to 6% APR**** on their holdings. In Singapore, we launched Index Perpetual Contracts and expanded the available cross collateral funding options. We also made funding faster for Singapore users by adding PayNow and FAST. We introduced USD rails to our UK institutional customers, giving them more flexibility in the ways they can trade. Institutional Leadership We strengthened our leadership in institutional custody, including custodying Empery Digital’s $500 million BTC placement and facilitated their bitcoin purchases and derivatives trades. We also introduced the ability to stake SOL from custody for our institutional partners. We worked with Glassnode to produce the Bitcoin Adoption, Volatility, and Market Cap report, showing that bitcoin treasuries now control nearly a third of Bitcoin’s total supply. Company Milestones & Regulation After an IPO on the Nasdaq stock exchange in September, Gemini became a publicly traded company. This year also marked a turning point for Gemini’s global ambitions. In October, Gemini launched in Australia and became AUSTRAC registered to bring industry-leading crypto tools to users down under. We also expanded further into the country by adding AUD banking rails for faster payments and deposits. We opened new offices around the world, including London, hosting an opening party with people from across the industry to celebrate. We also grew our customer service operations with a new office in Scottsdale, Arizona. In the EU, we obtained our Markets in Crypto Assets (MiCA) and Markets in Financial Instruments Directive II (MiFID II) licences, allowing us to bring our services to millions more across the region. Fostering a Global Community From DAS New York and Paris Blockchain Week, to TOKEN2049 in Singapore and the Australian Crypto Convention in Sydney, the Gemini team met local communities around the world. In March, we set a Guinness World Record for the largest aerial display of a currency symbol with a drone show at South by Southwest in Texas. In May, we teamed up with MARA Holdings to mine the Bitcoin “pizza block”, a tribute to the first real-world purchase using bitcoin. At BTC Vegas, we gave orange Tesla Cybertrucks to two lucky winners, while at BTC Amsterdam, we awarded a custom Bitcoin Apex Flare 4 Bike to a new customer. We left our mark on Amsterdam too, by biking around the city in the shape of a Bitcoin “₿” and decking out the city’s trams with our signature colors. The Gemini team also headed to Real Bedford football club to give out free pizza and merch to fans at the final match of the season, and celebrated the team’s promotion to Premier Division Central. Looking to the Future As we look to 2026, our focus has never been clearer. We plan to build on the successes of this year and continue offering secure and reliable access to digital assets, by pushing further with new product launches, deepened institutional ties, and an expanded presence in the EU and APAC. We’re proud of what we built and scaled in 2025 – and this was just the beginning. Onward and upward, Team Gemini Full recap here: * Gemini-branded credit products are issued by WebBank. ** Perpetuals and Tokenized Stocks are offered by Gemini Intergalactic EU Artemis, Ltd, which is authorised and regulated by the MFSA under the Investment Services Act to offer certain services under the Markets in Financial Instruments Directive (MiFID II) to institutions and traders. Perpetuals and tokenized stocks are complex instruments that carry a high risk of loss and are not appropriate for all investors. You should consult a licensed advisor before engaging in any transaction. Tokenized stocks are manufactured by Dinari, Inc. *** Staking services are offered by Gemini Intergalactic EU, Ltd., but are not regulated activities and are not subject to regulatory oversight, conduct of business rules, or investor protection requirements established under Markets in Crypto Assets Act. **** APRs are indicative only and may change at any time. All investments involve risk, including possible loss of capital. For more information, please refer to your User Agreement with the relevant Gemini entity.
0:50

2025 reflected a year of coordinated execution. As products expanded and new markets came online, the underlying platform continued to strengthen in step. Here’s what we built in the past 365 days 👇 Launching New Products The Gemini Credit Card evolved with the release of the Bitcoin, Solana, XRP, and American Business versions of the card, allowing our US customers to earn rewards in crypto, and additional benefits for businesses.* We launched the Gemini Wallet, giving users a powerful self-custody wallet to have more control over their digital assets and manage their finances onchain. In the European Union (EU), Gemini launched Tokenized Stocks**, bringing the world’s leading equities onto the blockchain with zero trading fees. We added Gemini Perpetuals** in the EU, putting the power of crypto derivatives with up to 100x leverage in the hands of advanced traders, and have continued to expand the number of perpetual contracts available – opening up new trading opportunities in memecoins, DeFi, and beyond. In Europe, users gained the ability to stake*** their ETH and SOL, unlocking the potential to earn rewards of up to 6% APR**** on their holdings. In Singapore, we launched Index Perpetual Contracts and expanded the available cross collateral funding options. We also made funding faster for Singapore users by adding PayNow and FAST. We introduced USD rails to our UK institutional customers, giving them more flexibility in the ways they can trade. Institutional Leadership We strengthened our leadership in institutional custody, including custodying Empery Digital’s $500 million BTC placement and facilitated their bitcoin purchases and derivatives trades. We also introduced the ability to stake SOL from custody for our institutional partners. We worked with Glassnode to produce the Bitcoin Adoption, Volatility, and Market Cap report, showing that bitcoin treasuries now control nearly a third of Bitcoin’s total supply. Company Milestones & Regulation After an IPO on the Nasdaq stock exchange in September, Gemini became a publicly traded company. This year also marked a turning point for Gemini’s global ambitions. In October, Gemini launched in Australia and became AUSTRAC registered to bring industry-leading crypto tools to users down under. We also expanded further into the country by adding AUD banking rails for faster payments and deposits. We opened new offices around the world, including London, hosting an opening party with people from across the industry to celebrate. We also grew our customer service operations with a new office in Scottsdale, Arizona. In the EU, we obtained our Markets in Crypto Assets (MiCA) and Markets in Financial Instruments Directive II (MiFID II) licences, allowing us to bring our services to millions more across the region. Fostering a Global Community From DAS New York and Paris Blockchain Week, to TOKEN2049 in Singapore and the Australian Crypto Convention in Sydney, the Gemini team met local communities around the world. In March, we set a Guinness World Record for the largest aerial display of a currency symbol with a drone show at South by Southwest in Texas. In May, we teamed up with MARA Holdings to mine the Bitcoin “pizza block”, a tribute to the first real-world purchase using bitcoin. At BTC Vegas, we gave orange Tesla Cybertrucks to two lucky winners, while at BTC Amsterdam, we awarded a custom Bitcoin Apex Flare 4 Bike to a new customer. We left our mark on Amsterdam too, by biking around the city in the shape of a Bitcoin “₿” and decking out the city’s trams with our signature colors. The Gemini team also headed to Real Bedford football club to give out free pizza and merch to fans at the final match of the season, and celebrated the team’s promotion to Premier Division Central. Looking to the Future As we look to 2026, our focus has never been clearer. We plan to build on the successes of this year and continue offering secure and reliable access to digital assets, by pushing further with new product launches, deepened institutional ties, and an expanded presence in the EU and APAC. We’re proud of what we built and scaled in 2025 – and this was just the beginning. Onward and upward, Team Gemini Full recap here: * Gemini-branded credit products are issued by WebBank. ** Perpetuals and Tokenized Stocks are offered by Gemini Intergalactic EU Artemis, Ltd, which is authorised and regulated by the MFSA under the Investment Services Act to offer certain services under the Markets in Financial Instruments Directive (MiFID II) to institutions and traders. Perpetuals and tokenized stocks are complex instruments that carry a high risk of loss and are not appropriate for all investors. You should consult a licensed advisor before engaging in any transaction. Tokenized stocks are manufactured by Dinari, Inc. *** Staking services are offered by Gemini Intergalactic EU, Ltd., but are not regulated activities and are not subject to regulatory oversight, conduct of business rules, or investor protection requirements established under Markets in Crypto Assets Act. **** APRs are indicative only and may change at any time. All investments involve risk, including possible loss of capital. For more information, please refer to your User Agreement with the relevant Gemini entity.

Gemini

45,129 次观看 • 8 个月前

Make a lot of stuff, allow perfection to emerge, and focus on the process. - beeple A short visit to the NODE this weekend to support a fellow artist and someone who inspires me to dream bigger. From his 20 years of daily activities to his forward thinking evolving technical capabilities, he shows us what the present moment is and what the future can look like in art. I believe Mike is one of the most down to Earth and influential artists working today in art and technology. How he and his brother, Scott, push the boundaries of art, experience, participation inspires us to think and create in new dynamic ways. Not only is he pushing the boundaries of what’s possible and show us things we have never seen before, he cares deeply about other artists; His community! Mike lead millions of artists to think about NFTs in 2021 which was a huge first step for the future of preserving art. Now in 2026, with the patronage of NODE, the organization of phil, and the graciousness of Micky 🐸, it is genuinely gearing up to be a massive paradigm shift for an art movement as we live and breathe. This is it folks! We like to say that we are in the golden age, or undergoing a digital art renaissance. It’s happening right now! And you who are reading this is part of it. On X, and in person. It requires us all who give a fuck to show up and support each other and make the art that’s true to us, and collect what we connect to or that moves us. To share how we each see the world from our perspectives in making art or experiences art; sharing ideas helps us become a collective consciousness and allows us to learn and grow together. With every event I can feel we get closer and closer; I was fortunate to spend more quality time with the people I learn from and respect. Like El Barba Roja blue check and Coldie 🟦🟥, AP, MrMerge, Winnie, Lanett Bennett Grant, joeyL.eth / Yatreda ያጥሬዳ, and of course the homie Chikai! It takes a village, and in this case it takes a village to raise Human One as Ryan Zurrer & Jehan Chu said in their recent posts. We all play a role here and contribute our hearts with our love for the game. You can see in Mikes work and character that he uplifts everyone. From his hometown studio in Charleston to the exhibitions he’s cultivating around the world. He includes 100s of artists to be a part of it. That’s true leadership! Thank you Mike for bringing us along and being a part of your journey of commitment, community, humility, humor, and have a good fucking time at your art shows. Congratulations, We love you bro!
0:17

Make a lot of stuff, allow perfection to emerge, and focus on the process. - beeple A short visit to the NODE this weekend to support a fellow artist and someone who inspires me to dream bigger. From his 20 years of daily activities to his forward thinking evolving technical capabilities, he shows us what the present moment is and what the future can look like in art. I believe Mike is one of the most down to Earth and influential artists working today in art and technology. How he and his brother, Scott, push the boundaries of art, experience, participation inspires us to think and create in new dynamic ways. Not only is he pushing the boundaries of what’s possible and show us things we have never seen before, he cares deeply about other artists; His community! Mike lead millions of artists to think about NFTs in 2021 which was a huge first step for the future of preserving art. Now in 2026, with the patronage of NODE, the organization of phil, and the graciousness of Micky 🐸, it is genuinely gearing up to be a massive paradigm shift for an art movement as we live and breathe. This is it folks! We like to say that we are in the golden age, or undergoing a digital art renaissance. It’s happening right now! And you who are reading this is part of it. On X, and in person. It requires us all who give a fuck to show up and support each other and make the art that’s true to us, and collect what we connect to or that moves us. To share how we each see the world from our perspectives in making art or experiences art; sharing ideas helps us become a collective consciousness and allows us to learn and grow together. With every event I can feel we get closer and closer; I was fortunate to spend more quality time with the people I learn from and respect. Like El Barba Roja blue check and Coldie 🟦🟥, AP, MrMerge, Winnie, Lanett Bennett Grant, joeyL.eth / Yatreda ያጥሬዳ, and of course the homie Chikai! It takes a village, and in this case it takes a village to raise Human One as Ryan Zurrer & Jehan Chu said in their recent posts. We all play a role here and contribute our hearts with our love for the game. You can see in Mikes work and character that he uplifts everyone. From his hometown studio in Charleston to the exhibitions he’s cultivating around the world. He includes 100s of artists to be a part of it. That’s true leadership! Thank you Mike for bringing us along and being a part of your journey of commitment, community, humility, humor, and have a good fucking time at your art shows. Congratulations, We love you bro!

justinaversano

10,082 次观看 • 4 个月前

CORN SEASON is Here And it’s all about one thing: Growing $CORN 🌽 🟠 Bitcoin? Pumping. 🐸 Memecoins? Printing. 💰Your bags? Starving. Enter $CORN: a cross-ecosystem token built to fuel BTCFi and so much more. It’s planting roots across the industry, not just as another token, but as a movement: a meme-powered asset that moves with culture, lives across ecosystems, and sticks in people’s heads (and wallets). Growing $CORN means one thing: ubiquity. We’re not just increasing access ➡️ we’re cultivating presence everywhere users already are. The mission is simple: Get $CORN into as many hands as possible. Reduce friction at every step. Show up wherever users already are. That means: → More listings → More wallets → More integrations → Better UX → Global reach → Frictionless access Where can you get $CORN right now? ✅ Bybit – for the high-volume click traders ✅ Oku – for onchain purists with taste We’re planting $CORN where it’ll grow fast, and there’s a lot more soil to cover. Partnerships? Oh yeah. We’re seeding those too. Across chains. Across wallets. Across verticals. Each new integration adds surface area. Each new platform is a distribution node. Each new holder makes the brand stickier. This isn’t growth for growth’s sake, it’s ecosystem construction. What’s next? 🚜 More integrations 💧 More liquidity 💡 More ways to earn, trade, and hold 🌎 More people touching $CORN for the first time Corn Season isn’t just a meme, it’s a strategy, a movement, a purpose and a brand. Stay ready, stay corny, LETS GROW 🌽
0:27

CORN SEASON is Here And it’s all about one thing: Growing $CORN 🌽 🟠 Bitcoin? Pumping. 🐸 Memecoins? Printing. 💰Your bags? Starving. Enter $CORN: a cross-ecosystem token built to fuel BTCFi and so much more. It’s planting roots across the industry, not just as another token, but as a movement: a meme-powered asset that moves with culture, lives across ecosystems, and sticks in people’s heads (and wallets). Growing $CORN means one thing: ubiquity. We’re not just increasing access ➡️ we’re cultivating presence everywhere users already are. The mission is simple: Get $CORN into as many hands as possible. Reduce friction at every step. Show up wherever users already are. That means: → More listings → More wallets → More integrations → Better UX → Global reach → Frictionless access Where can you get $CORN right now? ✅ Bybit – for the high-volume click traders ✅ Oku – for onchain purists with taste We’re planting $CORN where it’ll grow fast, and there’s a lot more soil to cover. Partnerships? Oh yeah. We’re seeding those too. Across chains. Across wallets. Across verticals. Each new integration adds surface area. Each new platform is a distribution node. Each new holder makes the brand stickier. This isn’t growth for growth’s sake, it’s ecosystem construction. What’s next? 🚜 More integrations 💧 More liquidity 💡 More ways to earn, trade, and hold 🌎 More people touching $CORN for the first time Corn Season isn’t just a meme, it’s a strategy, a movement, a purpose and a brand. Stay ready, stay corny, LETS GROW 🌽

CORN

15,123 次观看 • 1 年前