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🚨JP MORGAN WANTS TO DESTORY MSTR?!?!?!?!🫣 - Current risks facing MSTR..? - MSCI review on Bitcoin Treasury Co's..? - JP Morgan's attack plan & hidden next steps..? Let's discuss:

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BRITISH HODL ❤️‍🔥🐂❤️‍🔥

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Bitcoin treasury companies are evolving FAST. In this conversation with Joe Burnett, MSBA, we discussed: • Why digital credit $STRC $SATA could be Bitcoin’s next major catalyst • How Strive $ASST is becoming one of Bitcoin’s most important treasury companies • Michael Saylor’s latest move with Strategy $MSTR • Why altcoins may struggle going forward • The rise of “amplified Bitcoin” • How Bitcoin-backed yield products could reshape Wall Street • Why Bitcoin could eventually reach $1.6M One of the biggest takeaways: Bitcoin is no longer just an asset: an entire financial system is being built on top of it. This feels a lot like Bitcoin in 2015… most people still don’t understand what’s coming. 00:00 Joe Burnett's Journey into Bitcoin 06:42 What Joe Burnett Actually Does at Strive 07:53 Why Strive Is Moving Faster Than Every Other Bitcoin Treasury Company 13:09 Strategy’s Shocking New Bitcoin Selling Plan Explained 19:06 The Most Important Takeaway from Strategy’s Earnings Call 25:18 Why Altcoins May Never Recover Against Bitcoin 28:11 Why Debt Is Dangerous for Bitcoin Treasury Companies 30:43 “The World Will Change This Week” — What Is Strive Building? 31:44 Strive’s New Digital Credit ETF Explained 34:31 Joe Burnett Reacts to Jeff Walton vs Coffeezilla 39:07 The Insurance Analogy That Changed the Debate 43:07 Which Bitcoin Treasury Companies Actually Matter? 47:58 Will Digital Credit Replace the 60/40 Portfolio? 52:17 Could Digital Credit Dividend Rates Stay High Forever? 57:58 Why Joe Thinks Bitcoin Is Entering a Historic New Era Full episode 👇

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🐂 “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

115,169 Aufrufe • vor 1 Jahr

🇨🇭 A Swiss Bitcoin Treasury built with Adam Back is about to attack 600 BILLION in zero-yield Swiss fixed income. "Bitcoin treasuries are the release valve of the fiat Ponzi" -Richard Byworth ∞/21M 📺Full interview: The Chairman of Future & ex-Nomura trader reveals why Switzerland is the PERFECT market for Bitcoin credit: THE SETUP: Swiss 10-year government bonds: 12 basis points Swiss National Bank: Zero rates (going negative again) 600B seeking yield in Swiss francs Future can offer 3-5% Bitcoin-backed credit. "Imagine locking up money for 10 years to get 12 basis points. It's insanity." BREAKTHROUGH FRAMEWORK: "A Bitcoin treasury is a hedge fund sitting on top of an ETF" This is THE analogy that makes traditional finance understand. Richard spent 3 hours at dinner with Adam Back that led to founding & designing products for Future. Now they're launching with a team / board including: Adam Back, co-founder Julian Liniger, CEO of Relai 🇨🇭 Sebastien Hess , serial entrepreneur Vijay Selvam , Attorney, Author, ex-Goldman Teana Baker-Taylor , founder, @SYZCAP , Hedge Fund Partner at Syz Capital Ex-Citadel credit traders CONTROVERSIAL TAKE: "If you can buy Bitcoin at a 20% discount, you should SELL Bitcoin to buy back your shares" H100 trading at 20% below NAV? That's buying Bitcoin at a discount. Religious zealotry around "never sell" is killing shareholder value. He breaks down: ✅ Why Saylor's €620M Stream IPO was genius (waking up institutional Europe) ✅ Metaplanet's put underwriting strategy (generate free Bitcoin premium) ✅ Why family offices understand Bitcoin better than hedge funds ✅ The coming JP Morgan rebellion against treasury companies Best line: "You would never lend money at zero in a real market. The market is being manipulated." Switzerland has negative rates coming. Future is positioned to capture the wave. Follow: Richard Byworth ∞/21M Future: Future STAY ORANGE 🟠
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Tyler Rowe

24,043 Aufrufe • vor 10 Monaten

Wyoming selected an independent vault operator over JP Morgan for its first physical gold mandate. Josh Philip Phair, the founder who won it, joins The Last Trade to discuss what he calls "The Metal Wars." State treasuries are quietly building gold positions. Central banks are accumulating at the fastest pace in fifty years. The US's largest net export has become gold flowing to China for rare earths. The bid is sovereign, structural, and almost entirely invisible to traditional asset allocators. The parallels for bitcoin are taking shape. The same allocators. The same demand for trust-minimized custody. The same incumbents forced to compete. Whoever holds the most gold (and bitcoin) makes the rules. 00:00 Welcoming Josh Phair 03:42 Gold From $3,300 To $4,700 In Nine Months 07:30 The Metal Wars & Sovereign Accumulation 13:09 CLARITY, Capital Flight & The Banking Lobby 15:33 The Setup For The Biggest Bull Run Yet 24:54 Who Was On Air Force One To China 28:27 The Under-Allocation No Advisor Sees 33:21 Market Structure & Trust-Minimized Custody 40:39 Wyoming As The Property Rights Jurisdiction 44:00 The Phair-Sinclair Ratio & $35,000 Gold 51:46 Distrust As The Real Debasement Trade Driver 54:30 The Tether Seizure & Programmable Money 1:02:57 Beating JP Morgan For The Wyoming Mandate 1:08:45 States As The Next Sovereign Gold Buyers 1:11:59 Last Takes & Where To Find Josh
1:13:23

Wyoming selected an independent vault operator over JP Morgan for its first physical gold mandate. Josh Philip Phair, the founder who won it, joins The Last Trade to discuss what he calls "The Metal Wars." State treasuries are quietly building gold positions. Central banks are accumulating at the fastest pace in fifty years. The US's largest net export has become gold flowing to China for rare earths. The bid is sovereign, structural, and almost entirely invisible to traditional asset allocators. The parallels for bitcoin are taking shape. The same allocators. The same demand for trust-minimized custody. The same incumbents forced to compete. Whoever holds the most gold (and bitcoin) makes the rules. 00:00 Welcoming Josh Phair 03:42 Gold From $3,300 To $4,700 In Nine Months 07:30 The Metal Wars & Sovereign Accumulation 13:09 CLARITY, Capital Flight & The Banking Lobby 15:33 The Setup For The Biggest Bull Run Yet 24:54 Who Was On Air Force One To China 28:27 The Under-Allocation No Advisor Sees 33:21 Market Structure & Trust-Minimized Custody 40:39 Wyoming As The Property Rights Jurisdiction 44:00 The Phair-Sinclair Ratio & $35,000 Gold 51:46 Distrust As The Real Debasement Trade Driver 54:30 The Tether Seizure & Programmable Money 1:02:57 Beating JP Morgan For The Wyoming Mandate 1:08:45 States As The Next Sovereign Gold Buyers 1:11:59 Last Takes & Where To Find Josh

Onramp

39,892 Aufrufe • vor 5 Monaten

Bill Gates has a Jeffrey Epstein Problem... Bill Gates essentially represents the integrity of the vaccination program. You can't think of vaccines without thinking about this guy. But Bill Gates has chosen to use Jeffrey Epstein (over the past decade) as a close confidant and business partner. And the internal emails that were just released tell you everything you need to know. Jes Staley, the head investment banker at JP Morgan, has his assistant reach out to Jeffrey Epstein with this message: "Hi Jeffrey, Jes Staley asked me to pass along these questions from the JP Morgan team that is putting together some ideas for Gates." Jeffrey Epstein replies. And this is where it gets interesting: "A donor advised fund. It could tie initially just to the Gates program. Minimum gift $100 million. Done right, it's $100 billion in two years." Read that again. $100 billion. In two years. But then the next line reveals the game: "The tension is making money from a charitable organization. Therefore, the money-making part needs to be at arm's length." Translation: Epstein is telling a JP Morgan banker, "Look, I can make you $100 billion in two years, but it's going to be under a charitable organization (the Gates Foundation) who I'm apparently speaking on behalf of. And we're going to have to keep it outside of that whole charitable thing because that's going to look really bad for us because we're supposed to be helping the world with vaccines." Let that sink in. Jeffrey Epstein, a registered sex offender, is brokering deals for Bill Gates. He's speaking on behalf of the Gates Foundation. He's orchestrating a plan to generate $100 billion through what's supposed to be a CHARITABLE organization. And he knows it looks bad. So they keep it "at arm's length." Bill Gates wants you to trust him with your children's health. But he trusted Jeffrey Epstein with his fortune. The emails don't lie. And the relationship runs deep. More coming...
1:26

Bill Gates has a Jeffrey Epstein Problem... Bill Gates essentially represents the integrity of the vaccination program. You can't think of vaccines without thinking about this guy. But Bill Gates has chosen to use Jeffrey Epstein (over the past decade) as a close confidant and business partner. And the internal emails that were just released tell you everything you need to know. Jes Staley, the head investment banker at JP Morgan, has his assistant reach out to Jeffrey Epstein with this message: "Hi Jeffrey, Jes Staley asked me to pass along these questions from the JP Morgan team that is putting together some ideas for Gates." Jeffrey Epstein replies. And this is where it gets interesting: "A donor advised fund. It could tie initially just to the Gates program. Minimum gift $100 million. Done right, it's $100 billion in two years." Read that again. $100 billion. In two years. But then the next line reveals the game: "The tension is making money from a charitable organization. Therefore, the money-making part needs to be at arm's length." Translation: Epstein is telling a JP Morgan banker, "Look, I can make you $100 billion in two years, but it's going to be under a charitable organization (the Gates Foundation) who I'm apparently speaking on behalf of. And we're going to have to keep it outside of that whole charitable thing because that's going to look really bad for us because we're supposed to be helping the world with vaccines." Let that sink in. Jeffrey Epstein, a registered sex offender, is brokering deals for Bill Gates. He's speaking on behalf of the Gates Foundation. He's orchestrating a plan to generate $100 billion through what's supposed to be a CHARITABLE organization. And he knows it looks bad. So they keep it "at arm's length." Bill Gates wants you to trust him with your children's health. But he trusted Jeffrey Epstein with his fortune. The emails don't lie. And the relationship runs deep. More coming...

The HighWire

25,422 Aufrufe • vor 7 Monaten

Michael Saylor just went on CNBC and said that if Bitcoin drops 90%, he'll simply "refinance the debt" and "roll it forward." This guy is a desperate fraud who has NO CLUE what he's talking about. Let's actually look at what "rolling it forward" means in reality: Strategy holds 714,644 Bitcoin purchased at an average cost of $76,056 per coin. Total acquisition cost: $54.35 billion. Bitcoin is trading around $68,000. Already below their cost basis. The company carries over $8 billion in debt. 100% of its convertible notes are now out of the money. Now imagine Saylor's own scenario. Bitcoin drops 90%. That takes it to roughly $6,800. Strategy's 714,644 Bitcoin would be worth approximately $4.9 billion. Against $8 billion in debt. The assets don't cover the liabilities. Period. And he thinks banks are going to refinance that? On what collateral? On what cash flow? Because Strategy's operating cash flow was negative $138 million in 2025. Down from negative $53 million the year before. The trajectory is going the wrong direction. When asked: "You think banks would lend to you at that point?" Saylor just laughed it off. But here's who's not laughing: 11 state pension funds that bought MSTR as a "regulated proxy" for Bitcoin exposure. CalPERS. New York State. Florida. Wisconsin. New Jersey. Teachers. Firefighters. Police officers. Together they hold 1.8 million shares. Their original investment: $577 million. Current value: $240 million. That's $337 million in paper losses. Most funds are down 60%. CalPERS, the largest public pension fund in the country, bought 448,000 shares for $144 million. That position has been cut nearly in half. These aren't hedge fund cowboys who can stomach a drawdown. These are retirement systems with fiduciary obligations to millions of public workers. Meanwhile $MSTR has fallen from $543 to roughly $123. Down 77% from its all-time high. Saylor says he'll buy Bitcoin "every quarter forever" and will never sell. But that's not how debt works. You don't get to choose when your creditors come calling. You don't get to "roll forward" $8 billion in debt when your only asset has collapsed and your operating business generates negative cash flow. The people who say "we'll just refinance" are always the ones who can't. The question isn't whether Saylor believes in Bitcoin. The question is whether pension funds managing trillions in retirement savings should be exposed to a leveraged single-asset bet run by a man who laughs off a 90% drawdown scenario on national tv. Teachers. Firefighters. State employees. Their retirement savings are sitting inside a company that just posted a $12.4 billion loss and whose chairman's contingency plan is "we'll figure it out." That's STUPID. And the people who'll pay the price aren't on CNBC. They're counting on those pensions to be there when they retire.
0:39

Michael Saylor just went on CNBC and said that if Bitcoin drops 90%, he'll simply "refinance the debt" and "roll it forward." This guy is a desperate fraud who has NO CLUE what he's talking about. Let's actually look at what "rolling it forward" means in reality: Strategy holds 714,644 Bitcoin purchased at an average cost of $76,056 per coin. Total acquisition cost: $54.35 billion. Bitcoin is trading around $68,000. Already below their cost basis. The company carries over $8 billion in debt. 100% of its convertible notes are now out of the money. Now imagine Saylor's own scenario. Bitcoin drops 90%. That takes it to roughly $6,800. Strategy's 714,644 Bitcoin would be worth approximately $4.9 billion. Against $8 billion in debt. The assets don't cover the liabilities. Period. And he thinks banks are going to refinance that? On what collateral? On what cash flow? Because Strategy's operating cash flow was negative $138 million in 2025. Down from negative $53 million the year before. The trajectory is going the wrong direction. When asked: "You think banks would lend to you at that point?" Saylor just laughed it off. But here's who's not laughing: 11 state pension funds that bought MSTR as a "regulated proxy" for Bitcoin exposure. CalPERS. New York State. Florida. Wisconsin. New Jersey. Teachers. Firefighters. Police officers. Together they hold 1.8 million shares. Their original investment: $577 million. Current value: $240 million. That's $337 million in paper losses. Most funds are down 60%. CalPERS, the largest public pension fund in the country, bought 448,000 shares for $144 million. That position has been cut nearly in half. These aren't hedge fund cowboys who can stomach a drawdown. These are retirement systems with fiduciary obligations to millions of public workers. Meanwhile $MSTR has fallen from $543 to roughly $123. Down 77% from its all-time high. Saylor says he'll buy Bitcoin "every quarter forever" and will never sell. But that's not how debt works. You don't get to choose when your creditors come calling. You don't get to "roll forward" $8 billion in debt when your only asset has collapsed and your operating business generates negative cash flow. The people who say "we'll just refinance" are always the ones who can't. The question isn't whether Saylor believes in Bitcoin. The question is whether pension funds managing trillions in retirement savings should be exposed to a leveraged single-asset bet run by a man who laughs off a 90% drawdown scenario on national tv. Teachers. Firefighters. State employees. Their retirement savings are sitting inside a company that just posted a $12.4 billion loss and whose chairman's contingency plan is "we'll figure it out." That's STUPID. And the people who'll pay the price aren't on CNBC. They're counting on those pensions to be there when they retire.

George Noble

136,473 Aufrufe • vor 8 Monaten

BITCOIN RAILS #59: Post-Quantum Bitcoin Signatures (+ their tradeoffs) | with BIP 360 co-author Ethan ✨ is on BlueSky✨ Heilman 🐱 and Blockstream Head of Research Jonas Nick 🔗 YOUTUBE: 🌿 SPOTIFY: According to BIP 360 co-author Ethan Heilman, Bitcoin needs a minimum of two soft forks to become quantum resistant: P2MR (or an output type that can safely execute PQ signatures) + a post-quantum checksig (signature scheme). Ethan and the BIP 360 team (including myself and Hunter Beast 🕯️) introduced the P2MR part via a BIP 360 update late last year—but the question remains, what’s the most appropriate PQ signature scheme for Bitcoin? They all have substantive tradeoffs, but hash-based signatures seem to be leading technical discourse—likely due to recent optimizations by Jonas Nick and the broader Blockstream research team. It was an honor to sit down with both of these men - arguably the two most influential and productive cryptographers in Bitcoin quantum mitigation right now - for an in-depth review of the leading PQ signature schemes and a temperature check on Bitcoin’s post-quantum planning process. TBH, if you want to skip the noise and jump straight to the signal on quantum, this is the interview to watch. In this episode, we discuss: - What needs to happen at the soft fork, infra, and mitigation levels to fully quantum-harden Bitcoin - Recent updates to BIP 360 + breakdown of the leading hash-based signatures schemes for Bitcoin (SHRINCS + SHRIMPS) - Why we may actually get consensus around a stateful scheme for Bitcoin - Comparisons of hash-based signatures vs Lattice and Isogeny-based schemes - Assessing the risks of both waiting too long and acting too fast (and why quantum is a better threat to be facing than a potential classical attack) This episode of Bitcoin Rails is brought to you by my NEW sponsors: - LayerTwo Labs LayerTwo Labs — developing research, software, and technologies for scaling Bitcoin via the integration of Drivechains (BIP 300/301) - Hashi on Sui — a primitive for executing Bitcoin Defi transactions, without having to trust a federated bridge or other centralized entity - BitBox BitBox — an open-source Bitcoin-only hardware wallet, with smooth UX and no compromises on security. Check out Bitbox [dot] swiss and use code BITCOINRAILS to get a discount TIMESTAMPS: 00:00 Intro 02:18 Ethan’s Quantum Wakeup 05:18 How Blockstream Enters Post Quantum 09:25 BIP 360 Explained 12:11 How Bitcoin Transitions to PQ 17:35 Choosing Post Quantum Signatures 23:20 How Blockstream Created SHRINCS 27:22 Signature Budgets Importance Explained 41:13 What are SHRIMPS? 44:51 SHRIMPS vs SHRINCS 47:48 Why SLH-DSA Alone Won’t Cut It 49:24 Is a SHRIMPS + SHRINCS BIP Coming? 51:51 Blockstream’s Big Plans for Liquid 59:04 Quantum Readiness Roadmap 01:02:22 Importance of a PQ Recovery Plan 01:05:35 How Long Would a PQ Migration Take 01:11:17 Quantum Watchlist Recommendations
1:18:04

BITCOIN RAILS #59: Post-Quantum Bitcoin Signatures (+ their tradeoffs) | with BIP 360 co-author Ethan ✨ is on BlueSky✨ Heilman 🐱 and Blockstream Head of Research Jonas Nick 🔗 YOUTUBE: 🌿 SPOTIFY: According to BIP 360 co-author Ethan Heilman, Bitcoin needs a minimum of two soft forks to become quantum resistant: P2MR (or an output type that can safely execute PQ signatures) + a post-quantum checksig (signature scheme). Ethan and the BIP 360 team (including myself and Hunter Beast 🕯️) introduced the P2MR part via a BIP 360 update late last year—but the question remains, what’s the most appropriate PQ signature scheme for Bitcoin? They all have substantive tradeoffs, but hash-based signatures seem to be leading technical discourse—likely due to recent optimizations by Jonas Nick and the broader Blockstream research team. It was an honor to sit down with both of these men - arguably the two most influential and productive cryptographers in Bitcoin quantum mitigation right now - for an in-depth review of the leading PQ signature schemes and a temperature check on Bitcoin’s post-quantum planning process. TBH, if you want to skip the noise and jump straight to the signal on quantum, this is the interview to watch. In this episode, we discuss: - What needs to happen at the soft fork, infra, and mitigation levels to fully quantum-harden Bitcoin - Recent updates to BIP 360 + breakdown of the leading hash-based signatures schemes for Bitcoin (SHRINCS + SHRIMPS) - Why we may actually get consensus around a stateful scheme for Bitcoin - Comparisons of hash-based signatures vs Lattice and Isogeny-based schemes - Assessing the risks of both waiting too long and acting too fast (and why quantum is a better threat to be facing than a potential classical attack) This episode of Bitcoin Rails is brought to you by my NEW sponsors: - LayerTwo Labs LayerTwo Labs — developing research, software, and technologies for scaling Bitcoin via the integration of Drivechains (BIP 300/301) - Hashi on Sui — a primitive for executing Bitcoin Defi transactions, without having to trust a federated bridge or other centralized entity - BitBox BitBox — an open-source Bitcoin-only hardware wallet, with smooth UX and no compromises on security. Check out Bitbox [dot] swiss and use code BITCOINRAILS to get a discount TIMESTAMPS: 00:00 Intro 02:18 Ethan’s Quantum Wakeup 05:18 How Blockstream Enters Post Quantum 09:25 BIP 360 Explained 12:11 How Bitcoin Transitions to PQ 17:35 Choosing Post Quantum Signatures 23:20 How Blockstream Created SHRINCS 27:22 Signature Budgets Importance Explained 41:13 What are SHRIMPS? 44:51 SHRIMPS vs SHRINCS 47:48 Why SLH-DSA Alone Won’t Cut It 49:24 Is a SHRIMPS + SHRINCS BIP Coming? 51:51 Blockstream’s Big Plans for Liquid 59:04 Quantum Readiness Roadmap 01:02:22 Importance of a PQ Recovery Plan 01:05:35 How Long Would a PQ Migration Take 01:11:17 Quantum Watchlist Recommendations

Isabel Foxen Duke⚡️

24,109 Aufrufe • vor 5 Monaten