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NVIDIA CEO ACTUALLY GETS BITCOIN Jensen Huang explained Bitcoin as turning excess energy into money and making that value portable anywhere in the world. This matters because most critics still argue about energy use without understanding that #Bitcoin monetizes wasted power and converts it into a global asset. ⚡...

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CryptosRus

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34,238 Aufrufe • vor 7 Monaten •via X (Twitter)

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Meet the Seven Guardians of ZeusNode "Light, liquidity, vision, time, growth, key, and decentralization"—seven elements that breathe life into ZeusNode. As these forces awaken, they herald the rise of ZeusNode, weaving a symphony of security and power. Olympians, prepare to witness this celestial energy as it unveils the boundless potential of Bitcoin and Solana…

Zeus Network

23,666 Aufrufe • vor 1 Jahr

🔥STRATEGY WILL BE THE WORLD'S MOST VALUABLE COMPANY🔥 Strategy bought OVER 56,000 Bitcoin in April. That number is so absurd people are psychologically incapable of processing it. Post-halving miners produce roughly 13,500 BTC per month. Strategy just bought about 4.1x an entire month of new miner supply in one month. Now run the simple monster math: Today: Strategy BTC stack: 818,334 BTC Bitcoin price: $76,196 Bitcoin NAV: $62.35B Assume Strategy keeps buying 56,000 BTC per month for 5 years. That is: ASSUMING STRC GROWTH TOTALLY STOPS (LOL) ~672,000 BTC per year ~3,360,000 BTC over 5 years Their stack goes from: 818,334 BTC to 4,178,334 BTC Now assume Bitcoin compounds at 25% CAGR. Bitcoin goes from: $76,196 to roughly: $232,532 So the Bitcoin NAV becomes: 4,178,334 BTC × $232,532 = roughly $971.5 BILLION Almost $1 TRILLION in Bitcoin NAV. And the funniest part? This model assumes no mNAV expansion. No premium insanity. No additional acceleration. No credit flywheel getting stronger. No market panic as everyone realizes Strategy is vacuuming Bitcoin off the planet like a publicly traded monetary black hole. Just: 56,000 BTC per month. 25% Bitcoin CAGR. 5 years. That’s it. Don't think they can accumulate that much Bitcoin at that low of a CAGR? Think the Bitcoin CAGR has to go higher? Cool. That only helps Strategy buy more Bitcoin. The bear case is basically: “Sure, they are absorbing multiples of new supply, building the largest corporate Bitcoin balance sheet in history, converting fiat capital markets into Bitcoin ownership, and compounding NAV at escape velocity, but have you considered that I am emotionally upset?” MSTR is becoming the most aggressive Bitcoin accumulation machine ever built. The fiat world is still modeling it like a tech stock with a weird treasury policy. GOOD LUCK.
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🔥STRATEGY WILL BE THE WORLD'S MOST VALUABLE COMPANY🔥 Strategy bought OVER 56,000 Bitcoin in April. That number is so absurd people are psychologically incapable of processing it. Post-halving miners produce roughly 13,500 BTC per month. Strategy just bought about 4.1x an entire month of new miner supply in one month. Now run the simple monster math: Today: Strategy BTC stack: 818,334 BTC Bitcoin price: $76,196 Bitcoin NAV: $62.35B Assume Strategy keeps buying 56,000 BTC per month for 5 years. That is: ASSUMING STRC GROWTH TOTALLY STOPS (LOL) ~672,000 BTC per year ~3,360,000 BTC over 5 years Their stack goes from: 818,334 BTC to 4,178,334 BTC Now assume Bitcoin compounds at 25% CAGR. Bitcoin goes from: $76,196 to roughly: $232,532 So the Bitcoin NAV becomes: 4,178,334 BTC × $232,532 = roughly $971.5 BILLION Almost $1 TRILLION in Bitcoin NAV. And the funniest part? This model assumes no mNAV expansion. No premium insanity. No additional acceleration. No credit flywheel getting stronger. No market panic as everyone realizes Strategy is vacuuming Bitcoin off the planet like a publicly traded monetary black hole. Just: 56,000 BTC per month. 25% Bitcoin CAGR. 5 years. That’s it. Don't think they can accumulate that much Bitcoin at that low of a CAGR? Think the Bitcoin CAGR has to go higher? Cool. That only helps Strategy buy more Bitcoin. The bear case is basically: “Sure, they are absorbing multiples of new supply, building the largest corporate Bitcoin balance sheet in history, converting fiat capital markets into Bitcoin ownership, and compounding NAV at escape velocity, but have you considered that I am emotionally upset?” MSTR is becoming the most aggressive Bitcoin accumulation machine ever built. The fiat world is still modeling it like a tech stock with a weird treasury policy. GOOD LUCK.

Adam Livingston

61,524 Aufrufe • vor 2 Monaten

satoshi never existed. nobody writes code like that. not that clean, not that surgical. the early bitcoin codebase doesn’t read like code from some anonymous guy on the internet. bitcoin's early codebase looks like it was handed to us. the whitepaper came out six weeks after the 2008 crash. that's not enough time to dream up a working distributed consensus system, let alone build one. then there’s secp256k1. not secp256r1, the curve everybody used. k1 was obscure, weird, and a terrible choice if you were just following convention. but it also happened to be one of the hardest to backdoor. and then satoshi disappears. roughly a million btc, untouched. people don’t walk away from that kind of money unless the money was never the point. because maybe bitcoin was never just money. what it actually did was create a global incentive to build compute. millions of people, in every country, pouring capital into hardware and electricity to chase block rewards. no state could have coordinated it that fast. no company could have justified it. a protocol paying out internet money gets people moving. then nvidia happened. the same GPUs pushed into the world for mining turned out to be perfect for large-scale parallel compute. the same hardware appetite bitcoin created ended up helping make modern deep learning possible. bitcoin launches in 2009. imagenet breaks things open in 2012. three years. bitcoin was the bootloader. and we’ve been running the install script.
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satoshi never existed. nobody writes code like that. not that clean, not that surgical. the early bitcoin codebase doesn’t read like code from some anonymous guy on the internet. bitcoin's early codebase looks like it was handed to us. the whitepaper came out six weeks after the 2008 crash. that's not enough time to dream up a working distributed consensus system, let alone build one. then there’s secp256k1. not secp256r1, the curve everybody used. k1 was obscure, weird, and a terrible choice if you were just following convention. but it also happened to be one of the hardest to backdoor. and then satoshi disappears. roughly a million btc, untouched. people don’t walk away from that kind of money unless the money was never the point. because maybe bitcoin was never just money. what it actually did was create a global incentive to build compute. millions of people, in every country, pouring capital into hardware and electricity to chase block rewards. no state could have coordinated it that fast. no company could have justified it. a protocol paying out internet money gets people moving. then nvidia happened. the same GPUs pushed into the world for mining turned out to be perfect for large-scale parallel compute. the same hardware appetite bitcoin created ended up helping make modern deep learning possible. bitcoin launches in 2009. imagenet breaks things open in 2012. three years. bitcoin was the bootloader. and we’ve been running the install script.

tetsuo

53,641 Aufrufe • vor 3 Monaten

Why I like buying MSTR over IBIT: IBIT = 1:1 Bitcoin exposure. MSTR = 1:1 Bitcoin exposure PLUS consistent growth in Bitcoin per share. BTC grows at whatever CAGR the market gives you. MSTR grows BTC holdings per share on top of that. That’s convexity. That’s leverage without liquidation. That’s why I buy MSTR over IBIT. In a world where exposure is free, I want the asset that increases my exposure every year. 30% BTC CAGR and 10% BTC Yield gets you 2.58x outperformance over a decade. $100k into IBIT: $1,378,600 after 10 years $100k into MSTR: $3,560,000 after 10 years I'll take a 35.6x over a 13.8x. 158% outperformance.
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Why I like buying MSTR over IBIT: IBIT = 1:1 Bitcoin exposure. MSTR = 1:1 Bitcoin exposure PLUS consistent growth in Bitcoin per share. BTC grows at whatever CAGR the market gives you. MSTR grows BTC holdings per share on top of that. That’s convexity. That’s leverage without liquidation. That’s why I buy MSTR over IBIT. In a world where exposure is free, I want the asset that increases my exposure every year. 30% BTC CAGR and 10% BTC Yield gets you 2.58x outperformance over a decade. $100k into IBIT: $1,378,600 after 10 years $100k into MSTR: $3,560,000 after 10 years I'll take a 35.6x over a 13.8x. 158% outperformance.

Adam Livingston

131,929 Aufrufe • vor 8 Monaten

🇺🇸 While everyone's wondering when human-like robots will take over the world, NVIDIA CEO Jensen Huang hinted that any industrial object you use in the future could be as intelligent as your colleague. "Every single instrument, whether it is ultrasound or CT, whatever instrument we interact with in a hospital, will be agentic. That instrument will be interacting with patients and doctors in very unique ways." Source: The All-In Podcast
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🇺🇸 While everyone's wondering when human-like robots will take over the world, NVIDIA CEO Jensen Huang hinted that any industrial object you use in the future could be as intelligent as your colleague. "Every single instrument, whether it is ultrasound or CT, whatever instrument we interact with in a hospital, will be agentic. That instrument will be interacting with patients and doctors in very unique ways." Source: The All-In Podcast

Mario Nawfal

29,412 Aufrufe • vor 3 Monaten

🚀ASST TO $700 PER SHARE?!?🚀 YOU THINK I'M JOKING? THINK AGAIN, BUCKO. Current ASST snapshot: BTC holdings: 15,000.5 BTC BTC price: $80,593 Bitcoin NAV: $1.21B Total debt: $10M Preferred outstanding: $495.95M Debt + preferred: $505.95M Amplification ratio: 41.9% Current stock price: $15.85 Now here’s the model, and this isn't MOONBOY NONSENSE, kids. This is with Bitcoin at $750k in 2036, not $1 million in 2034. ASST maintains their current 41.9% amplification ratio for 10 years. Translation for normal people: For every $1.00 of Bitcoin NAV, ASST keeps roughly $0.419 of senior claims through debt/preferred financing. The bears hear that and immediately start sweating through a Men’s Wearhouse suit. But this is the actual machine. As Bitcoin rises, the Bitcoin NAV rises. When the NAV rises, the old preferred stack becomes smaller relative to the treasury. So ASST issues more SATA to keep amplification at 41.9%. That new SATA capital buys more Bitcoin. Then Bitcoin goes up again. Then the NAV goes up again. Then the amplification ratio drops again. Then they issue more SATA again. Then they buy more Bitcoin again. This is how you turn a balance sheet into a legally registered orange crocodile. Now we add the funding mix: 75% of new Bitcoin accumulation comes from SATA. 25% comes from issuing common stock. And the common stock is issued at 1.2x EV mNAV. Meaning they are selling equity at a 20% premium to the enterprise value of the Bitcoin stack. That matters. Because issuing common below NAV is financial self-harm. Issuing common above NAV is accretive treasury sorcery. Now assume Bitcoin compounds at 25% per year for 10 years. BTC price goes from: $80,593 today to roughly: $750,579 in year 10 That is a 9.3x move in Bitcoin. Now what happens to ASST? Starting BTC stack: 15,000.5 BTC Projected year 10 BTC stack: 143,425 BTC That is 9.6x more Bitcoin. Starting Bitcoin NAV: $1.21B Projected year 10 Bitcoin NAV: $107.65B That is 89x larger. Now the bears will say: “BUT THE PREFERREDS!” Yes, Carl. The preferreds are the point. Senior claims rise from $505.95M to $45.11B because the model intentionally keeps amplification at 41.9%. That sounds terrifying until you remember the Bitcoin NAV grew to $107.65B. The stack got bigger. The senior claims got bigger. The common equity claim got bigger too. This is where CEBE comes in. CEBE = Common Equity Bitcoin Exposure. It answers the only question that matters: After debt and preferred holders get their claim, how much Bitcoin exposure does the common shareholder really own? Today: Gross BPS: 20,222 sats CEBE/share: 11,759 sats Year 10: Gross BPS: 95,380 sats CEBE/share: 55,416 sats That means common-equity Bitcoin exposure per share rises about 4.7x. Even after common issuance. Even after maintaining the preferred stack. Even after the bears finish their sacred ritual of screaming “DILUTION” into a spreadsheet they opened sideways. Now the share count. Current implied diluted shares: 74.2M Projected year 10 shares: 150.4M So yes, the share count roughly doubles in this model. But the Bitcoin stack goes 9.6x. This is the entire game. If Bitcoin holdings grow much faster than shares outstanding, the common shareholder’s Bitcoin exposure goes up. The bears think all issuance is bad because they learned finance from a Yahoo message board during a divorce. The actual question is: Does issuance increase Bitcoin per share after senior claims? In this model, yes. Now the stock price. Strict 1.2x EV mNAV model gets ASST to about: $559/share But if we anchor the model to today’s actual ASST price of $15.85, the same growth path gets you to roughly: $696/share Call it $700. There it is. ASST to $700 per share is not “vibes.” It is a model. BTC compounds at 25%. SATA funds 75% of accumulation. Common funds 25% at 1.2x EV mNAV. Amplification stays at 41.9%. BTC stack grows from 15,000 BTC to 143,425 BTC. Bitcoin NAV goes from $1.21B to $107.65B. CEBE/share goes from 11,759 sats to 55,416 sats. The stock goes from $15.85 to roughly $700. This is why small Bitcoin treasury companies are so insane. Strategy is the Death Star. ASST is the weird little orange lab experiment in the basement where someone accidentally discovers corporate finance methamphetamine. Tiny denominator. Preferred financing. Bitcoin accumulation. Premium equity issuance. CEBE expansion. A compounding treasury loop. The bear case is that dilution kills the common. The bull case is that accretive dilution plus preferred financing creates a Bitcoin-per-share machine that eats capital markets and leaves behind a pile of traumatized short sellers asking why their model still says “book value.” ASST to $700? If the machine works, yes. If Bitcoin does 25% CAGR, absolutely possible. If SATA scales and common gets issued above NAV, the goblin gets fed. And once the goblin gets fed, the spreadsheet starts looking like it was written by Saylor, Dylan LeClair, and a sleep-deprived Austrian economist locked inside a treasury dashboard with three Celsius energy drinks. This is not financial advice. This is FINANCIAL ENTERTAINMENT:
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🚀ASST TO $700 PER SHARE?!?🚀 YOU THINK I'M JOKING? THINK AGAIN, BUCKO. Current ASST snapshot: BTC holdings: 15,000.5 BTC BTC price: $80,593 Bitcoin NAV: $1.21B Total debt: $10M Preferred outstanding: $495.95M Debt + preferred: $505.95M Amplification ratio: 41.9% Current stock price: $15.85 Now here’s the model, and this isn't MOONBOY NONSENSE, kids. This is with Bitcoin at $750k in 2036, not $1 million in 2034. ASST maintains their current 41.9% amplification ratio for 10 years. Translation for normal people: For every $1.00 of Bitcoin NAV, ASST keeps roughly $0.419 of senior claims through debt/preferred financing. The bears hear that and immediately start sweating through a Men’s Wearhouse suit. But this is the actual machine. As Bitcoin rises, the Bitcoin NAV rises. When the NAV rises, the old preferred stack becomes smaller relative to the treasury. So ASST issues more SATA to keep amplification at 41.9%. That new SATA capital buys more Bitcoin. Then Bitcoin goes up again. Then the NAV goes up again. Then the amplification ratio drops again. Then they issue more SATA again. Then they buy more Bitcoin again. This is how you turn a balance sheet into a legally registered orange crocodile. Now we add the funding mix: 75% of new Bitcoin accumulation comes from SATA. 25% comes from issuing common stock. And the common stock is issued at 1.2x EV mNAV. Meaning they are selling equity at a 20% premium to the enterprise value of the Bitcoin stack. That matters. Because issuing common below NAV is financial self-harm. Issuing common above NAV is accretive treasury sorcery. Now assume Bitcoin compounds at 25% per year for 10 years. BTC price goes from: $80,593 today to roughly: $750,579 in year 10 That is a 9.3x move in Bitcoin. Now what happens to ASST? Starting BTC stack: 15,000.5 BTC Projected year 10 BTC stack: 143,425 BTC That is 9.6x more Bitcoin. Starting Bitcoin NAV: $1.21B Projected year 10 Bitcoin NAV: $107.65B That is 89x larger. Now the bears will say: “BUT THE PREFERREDS!” Yes, Carl. The preferreds are the point. Senior claims rise from $505.95M to $45.11B because the model intentionally keeps amplification at 41.9%. That sounds terrifying until you remember the Bitcoin NAV grew to $107.65B. The stack got bigger. The senior claims got bigger. The common equity claim got bigger too. This is where CEBE comes in. CEBE = Common Equity Bitcoin Exposure. It answers the only question that matters: After debt and preferred holders get their claim, how much Bitcoin exposure does the common shareholder really own? Today: Gross BPS: 20,222 sats CEBE/share: 11,759 sats Year 10: Gross BPS: 95,380 sats CEBE/share: 55,416 sats That means common-equity Bitcoin exposure per share rises about 4.7x. Even after common issuance. Even after maintaining the preferred stack. Even after the bears finish their sacred ritual of screaming “DILUTION” into a spreadsheet they opened sideways. Now the share count. Current implied diluted shares: 74.2M Projected year 10 shares: 150.4M So yes, the share count roughly doubles in this model. But the Bitcoin stack goes 9.6x. This is the entire game. If Bitcoin holdings grow much faster than shares outstanding, the common shareholder’s Bitcoin exposure goes up. The bears think all issuance is bad because they learned finance from a Yahoo message board during a divorce. The actual question is: Does issuance increase Bitcoin per share after senior claims? In this model, yes. Now the stock price. Strict 1.2x EV mNAV model gets ASST to about: $559/share But if we anchor the model to today’s actual ASST price of $15.85, the same growth path gets you to roughly: $696/share Call it $700. There it is. ASST to $700 per share is not “vibes.” It is a model. BTC compounds at 25%. SATA funds 75% of accumulation. Common funds 25% at 1.2x EV mNAV. Amplification stays at 41.9%. BTC stack grows from 15,000 BTC to 143,425 BTC. Bitcoin NAV goes from $1.21B to $107.65B. CEBE/share goes from 11,759 sats to 55,416 sats. The stock goes from $15.85 to roughly $700. This is why small Bitcoin treasury companies are so insane. Strategy is the Death Star. ASST is the weird little orange lab experiment in the basement where someone accidentally discovers corporate finance methamphetamine. Tiny denominator. Preferred financing. Bitcoin accumulation. Premium equity issuance. CEBE expansion. A compounding treasury loop. The bear case is that dilution kills the common. The bull case is that accretive dilution plus preferred financing creates a Bitcoin-per-share machine that eats capital markets and leaves behind a pile of traumatized short sellers asking why their model still says “book value.” ASST to $700? If the machine works, yes. If Bitcoin does 25% CAGR, absolutely possible. If SATA scales and common gets issued above NAV, the goblin gets fed. And once the goblin gets fed, the spreadsheet starts looking like it was written by Saylor, Dylan LeClair, and a sleep-deprived Austrian economist locked inside a treasury dashboard with three Celsius energy drinks. This is not financial advice. This is FINANCIAL ENTERTAINMENT:

Adam Livingston

66,707 Aufrufe • vor 2 Monaten

Just for those who don't know: Nomad The Savior is not the savior you think he is Let me tell you about his achievements over the last 10 months… He became very active in the discord again last April when he saw that $WZRD was pumping. He then made several attempts to dilute the $WZRD holders He made the BITCOIN•WITCH•COIN rune and started airdropping it to BW holders 3 months ago He said that BW holders had to hold this airdrop to receive 10k Bitcoin Wizard WL He has still not airdropped all of the BITCOIN•WITCH•COIN to BW holders He started muting $WZRD and BW OGs for weeks, splitting the community into two camps He was given the role of CEO after being the worst team member a project has ever seen He claims that he coined the Magic Internet Money slogan, which is a lie.... Eric Vorhees coined it on the Bitcoin Talk Forum in 2013. Bitcoin Wizard - mavensbot 🧙🏻‍♂️ talked about this in one of Farokh's spaces (clip below) He has etched the rune MAGIC•INTERNET•MONEY•MIM and is now starting to dilute the real rune and the $WZRD community again He is trying to destroy $WZRD He is trying to destroy Magic•Internet•Money He is trying to destroy the Bitcoin Wizard If you support this guy, you are not a real bitcoiner nor do you believe in the success of this space.
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Just for those who don't know: Nomad The Savior is not the savior you think he is Let me tell you about his achievements over the last 10 months… He became very active in the discord again last April when he saw that $WZRD was pumping. He then made several attempts to dilute the $WZRD holders He made the BITCOIN•WITCH•COIN rune and started airdropping it to BW holders 3 months ago He said that BW holders had to hold this airdrop to receive 10k Bitcoin Wizard WL He has still not airdropped all of the BITCOIN•WITCH•COIN to BW holders He started muting $WZRD and BW OGs for weeks, splitting the community into two camps He was given the role of CEO after being the worst team member a project has ever seen He claims that he coined the Magic Internet Money slogan, which is a lie.... Eric Vorhees coined it on the Bitcoin Talk Forum in 2013. Bitcoin Wizard - mavensbot 🧙🏻‍♂️ talked about this in one of Farokh's spaces (clip below) He has etched the rune MAGIC•INTERNET•MONEY•MIM and is now starting to dilute the real rune and the $WZRD community again He is trying to destroy $WZRD He is trying to destroy Magic•Internet•Money He is trying to destroy the Bitcoin Wizard If you support this guy, you are not a real bitcoiner nor do you believe in the success of this space.

Magic Internet Money

23,722 Aufrufe • vor 1 Jahr

Metaplanet’s 8-year march to $1M Bitcoin could be absolutely disgusting if they run the preferred-stock flywheel correctly. The model is simple: Issue $100M/month of prefs Pay a 6% fiat dividend Issue ZERO common shares to buy BTC Use common only to service the pref dividend Stack Bitcoin every month while the liability stays fixed in melting fiat terms That is the entire game. In this projection, Bitcoin goes from $62,568 to $1,000,000 over 8 years. That is a 16x. But Metaplanet’s implied common price goes from $1.49 to $57.52. That is a 38.6x. Why? Because the prefs are not just “debt-like capital.” They are a Bitcoin AMPLIFIER. Total BTC goes from 43,000 to 95,650. Common equity BTC goes from 33,489 to 85,455. CEBE rises from 2,614 sats/share to 5,752 sats/share. So even while BTC itself is ripping, the common shareholder’s Bitcoin exposure per share more than doubles. That is the part most people miss. If BTC marches to $1M, the pref balance looks scary in dollars but shrinks in Bitcoin terms. The asset is compounding at ~41% annually in this model. The pref coupon is 6%. That spread is the REACTOR CORE. Metaplanet borrows against the dying currency, buys the hardest asset on Earth, avoids common dilution for BTC purchases, and lets Bitcoin do the balance-sheet violence. At 1.0x CEBE mNAV, the common does ~38.6x on a 16x Bitcoin move. Yes, this is a 38.6x on 1.0 mNAV with zero common shares issued. This is not financial advice and it's not a PREDICTION, it is a PROJECTION. This is why I like Metaplanet. The math is too good over the long term and I believe Bitcoin is going to $1 million.
0:19

Metaplanet’s 8-year march to $1M Bitcoin could be absolutely disgusting if they run the preferred-stock flywheel correctly. The model is simple: Issue $100M/month of prefs Pay a 6% fiat dividend Issue ZERO common shares to buy BTC Use common only to service the pref dividend Stack Bitcoin every month while the liability stays fixed in melting fiat terms That is the entire game. In this projection, Bitcoin goes from $62,568 to $1,000,000 over 8 years. That is a 16x. But Metaplanet’s implied common price goes from $1.49 to $57.52. That is a 38.6x. Why? Because the prefs are not just “debt-like capital.” They are a Bitcoin AMPLIFIER. Total BTC goes from 43,000 to 95,650. Common equity BTC goes from 33,489 to 85,455. CEBE rises from 2,614 sats/share to 5,752 sats/share. So even while BTC itself is ripping, the common shareholder’s Bitcoin exposure per share more than doubles. That is the part most people miss. If BTC marches to $1M, the pref balance looks scary in dollars but shrinks in Bitcoin terms. The asset is compounding at ~41% annually in this model. The pref coupon is 6%. That spread is the REACTOR CORE. Metaplanet borrows against the dying currency, buys the hardest asset on Earth, avoids common dilution for BTC purchases, and lets Bitcoin do the balance-sheet violence. At 1.0x CEBE mNAV, the common does ~38.6x on a 16x Bitcoin move. Yes, this is a 38.6x on 1.0 mNAV with zero common shares issued. This is not financial advice and it's not a PREDICTION, it is a PROJECTION. This is why I like Metaplanet. The math is too good over the long term and I believe Bitcoin is going to $1 million.

Adam Livingston

35,155 Aufrufe • vor 8 Tagen

Ray Dalio is right about one thing: Bitcoin forces you to think harder. But zoom out. 1) “Bitcoin has no privacy.” Bitcoin is pseudonymous, not anonymous. That’s by design. Transparency is what makes it auditable, trust-minimized, and globally verifiable. Privacy isn’t binary — it’s a spectrum. Second-layer solutions like Lightning Network improve transactional privacy, and self-custody + best practices eliminate counterparty surveillance. If your definition of “privacy” is “opaque like the banking system,” then yes — Bitcoin is different. It replaces institutional secrecy with mathematical transparency. 2) “Central banks don’t want to buy Bitcoin.” Correct. Central banks also didn’t want the internet, stablecoins, or gold leaving their vaults. Bitcoin isn’t competing for central bank approval. It’s competing as neutral collateral in a world of weaponized fiat. When sovereign debt hits structural limits, assets without counterparty risk win. That’s why individuals, institutions, ETFs, and even nation-states accumulate it — regardless of central bank preferences. 3) “Quantum computing issues.” If quantum breaks Bitcoin’s cryptography, it breaks the entire global financial system first — SWIFT, online banking, military communications. Bitcoin can upgrade via consensus long before that scenario materializes. Cryptography evolves. That’s not a flaw; that’s software. 4) “Relatively small and controlled market.” Every monetization process starts small. Gold was once a niche commodity. The internet was once “small and controlled.” Bitcoin’s market cap reflects 15 years of monetization — with no CEO, no marketing budget, and no state backing. And “controlled”? Try censoring a decentralized network running across tens of thousands of nodes worldwide. Dalio views Bitcoin through a macro-hedge lens. But Bitcoin isn’t just an asset. It’s: •Programmatic scarcity (21M hard cap) •Final settlement without intermediaries •Borderless value transfer •A hedge against monetary debasement The real question isn’t whether central banks want Bitcoin. It’s whether individuals want money that can’t be inflated, frozen, or diluted. History suggests they do.
0:10

Ray Dalio is right about one thing: Bitcoin forces you to think harder. But zoom out. 1) “Bitcoin has no privacy.” Bitcoin is pseudonymous, not anonymous. That’s by design. Transparency is what makes it auditable, trust-minimized, and globally verifiable. Privacy isn’t binary — it’s a spectrum. Second-layer solutions like Lightning Network improve transactional privacy, and self-custody + best practices eliminate counterparty surveillance. If your definition of “privacy” is “opaque like the banking system,” then yes — Bitcoin is different. It replaces institutional secrecy with mathematical transparency. 2) “Central banks don’t want to buy Bitcoin.” Correct. Central banks also didn’t want the internet, stablecoins, or gold leaving their vaults. Bitcoin isn’t competing for central bank approval. It’s competing as neutral collateral in a world of weaponized fiat. When sovereign debt hits structural limits, assets without counterparty risk win. That’s why individuals, institutions, ETFs, and even nation-states accumulate it — regardless of central bank preferences. 3) “Quantum computing issues.” If quantum breaks Bitcoin’s cryptography, it breaks the entire global financial system first — SWIFT, online banking, military communications. Bitcoin can upgrade via consensus long before that scenario materializes. Cryptography evolves. That’s not a flaw; that’s software. 4) “Relatively small and controlled market.” Every monetization process starts small. Gold was once a niche commodity. The internet was once “small and controlled.” Bitcoin’s market cap reflects 15 years of monetization — with no CEO, no marketing budget, and no state backing. And “controlled”? Try censoring a decentralized network running across tens of thousands of nodes worldwide. Dalio views Bitcoin through a macro-hedge lens. But Bitcoin isn’t just an asset. It’s: •Programmatic scarcity (21M hard cap) •Final settlement without intermediaries •Borderless value transfer •A hedge against monetary debasement The real question isn’t whether central banks want Bitcoin. It’s whether individuals want money that can’t be inflated, frozen, or diluted. History suggests they do.

Asaf · Satoshi Signal ⚡ @SatoshiSignal

22,503 Aufrufe • vor 4 Monaten

🔥 THE REALITY ABOUT ZCASH THEY DON’T WANT YOU TO KNOW BITCOIN WAS SUPPOSED TO BE FREEDOM. NOW IT’S SURVEILLED, CUSTODIAL, AND CONTROLLED. today almost 10% of BTC sits inside ETFs + government-controlled custodians. Fully watched. Zero privacy. Zero sovereignty. Meanwhile the world is moving into MAX CONTROL: CBDCs, tracking laws, surveillance everywhere. Bitcoin can’t hide you anymore. ZCASH CAN. Bitcoin had ONE CHANCE to add privacy years ago… and the core devs REJECTED IT. So the creators left… and built ZCASH, the upgrade Bitcoin was scared to adopt. Then everything changed: ZEC + Zashi + Intents → instant private swaps → mobile → no KYC → no CEX → NO PERMISSION That’s when the market woke up: • ZEC: $78 → $800 • ZEC VOLUME FLIPPED BTC • 1,000,000+ ZEC moved into shielded pools • 5M+ ZEC now private • Early BTC WHALES backing it • WINKLEVOSS returning to the mission Because the truth is simple: ZCASH DOES WHAT BITCOIN CAN’T. Monero? Too slow. Too dirty. Too stuck. ZEC? Clean. Encrypted. Scalable. Professional. A REAL privacy asset. And now the big boys are circling back. OG Bitcoiners. Tech elites. New capital. Everyone who still believes in REAL cypherpunk freedom. When you put it all together: ✔ BTC captured ✔ surveillance rising ✔ privacy denied ✔ Zcash born ✔ UX solved ✔ volume exploding ✔ shielded supply vertical ✔ OG support returning ✔ new money entering You get one conclusion: ZCASH IS BECOMING WHAT BITCOIN WAS MEANT TO BE. THE MARKET JUST HASN’T ACCEPTED IT YET. When this narrative catches fire… When people realize they NEED privacy again… $ZEC will already pump to $50,000
0:12

🔥 THE REALITY ABOUT ZCASH THEY DON’T WANT YOU TO KNOW BITCOIN WAS SUPPOSED TO BE FREEDOM. NOW IT’S SURVEILLED, CUSTODIAL, AND CONTROLLED. today almost 10% of BTC sits inside ETFs + government-controlled custodians. Fully watched. Zero privacy. Zero sovereignty. Meanwhile the world is moving into MAX CONTROL: CBDCs, tracking laws, surveillance everywhere. Bitcoin can’t hide you anymore. ZCASH CAN. Bitcoin had ONE CHANCE to add privacy years ago… and the core devs REJECTED IT. So the creators left… and built ZCASH, the upgrade Bitcoin was scared to adopt. Then everything changed: ZEC + Zashi + Intents → instant private swaps → mobile → no KYC → no CEX → NO PERMISSION That’s when the market woke up: • ZEC: $78 → $800 • ZEC VOLUME FLIPPED BTC • 1,000,000+ ZEC moved into shielded pools • 5M+ ZEC now private • Early BTC WHALES backing it • WINKLEVOSS returning to the mission Because the truth is simple: ZCASH DOES WHAT BITCOIN CAN’T. Monero? Too slow. Too dirty. Too stuck. ZEC? Clean. Encrypted. Scalable. Professional. A REAL privacy asset. And now the big boys are circling back. OG Bitcoiners. Tech elites. New capital. Everyone who still believes in REAL cypherpunk freedom. When you put it all together: ✔ BTC captured ✔ surveillance rising ✔ privacy denied ✔ Zcash born ✔ UX solved ✔ volume exploding ✔ shielded supply vertical ✔ OG support returning ✔ new money entering You get one conclusion: ZCASH IS BECOMING WHAT BITCOIN WAS MEANT TO BE. THE MARKET JUST HASN’T ACCEPTED IT YET. When this narrative catches fire… When people realize they NEED privacy again… $ZEC will already pump to $50,000

Whale.Guru

132,096 Aufrufe • vor 8 Monaten

WHY ARE WE STILL ALLOWING BILL GATES TO THINK HE CAN RULE THE REST OVER THE REST OF US? WHO GAVE GATES THE RIGHT TO DECIDE WHAT HUMAN BEINGS STILL MATTER AND WHICH ONES DO NOT? Bill Gates just said humans won’t be needed for most things. And that ”we’ll decide” who still matters. WHO IS THE 'WE'? Let that sit for a second. The man who helped build the digital world is now casually announcing that the people living in it might be optional. No panic. No apology. Just a quiet admission from someone who has never had to worry about being replaced. The scariest part is not the AI. It’s the ”we.” Who is ”we,” Bill? Because it is not the people whose jobs disappear next year. This is not a tech problem. It’s a power problem dressed up as progress. When the people building the tools also decide who needs them, the rest of us are just passengers. Do you trust the people at the top to make that call for you? Courtesy - Captains Obvious
0:14

WHY ARE WE STILL ALLOWING BILL GATES TO THINK HE CAN RULE THE REST OVER THE REST OF US? WHO GAVE GATES THE RIGHT TO DECIDE WHAT HUMAN BEINGS STILL MATTER AND WHICH ONES DO NOT? Bill Gates just said humans won’t be needed for most things. And that ”we’ll decide” who still matters. WHO IS THE 'WE'? Let that sit for a second. The man who helped build the digital world is now casually announcing that the people living in it might be optional. No panic. No apology. Just a quiet admission from someone who has never had to worry about being replaced. The scariest part is not the AI. It’s the ”we.” Who is ”we,” Bill? Because it is not the people whose jobs disappear next year. This is not a tech problem. It’s a power problem dressed up as progress. When the people building the tools also decide who needs them, the rest of us are just passengers. Do you trust the people at the top to make that call for you? Courtesy - Captains Obvious

BelannF

14,510 Aufrufe • vor 3 Monaten

Nobody is talking about what this Nvidia laptop actually means for creators Jensen Huang walked on stage and held up the RTX Spark like it was nothing special. Full Blackwell GPU. 1 petaflop of AI performance inside a laptop. It renders, edits and runs local AI models faster than most desktop setups people have at home. You pay zero monthly fees because everything runs locally on the device. Creators who switch stop paying $300 a month in tools immediately. Video editors are already charging $150 an hour using the AI workflows this chip makes possible. At 8 hours a day that is $3,600 a week from a single laptop. Most people are still waiting 3 hours for a render this thing finishes in 10 minutes. The reaction in this clip says everything. Follow if you want to know what actually matters before everyone else figures it out.
0:13

Nobody is talking about what this Nvidia laptop actually means for creators Jensen Huang walked on stage and held up the RTX Spark like it was nothing special. Full Blackwell GPU. 1 petaflop of AI performance inside a laptop. It renders, edits and runs local AI models faster than most desktop setups people have at home. You pay zero monthly fees because everything runs locally on the device. Creators who switch stop paying $300 a month in tools immediately. Video editors are already charging $150 an hour using the AI workflows this chip makes possible. At 8 hours a day that is $3,600 a week from a single laptop. Most people are still waiting 3 hours for a render this thing finishes in 10 minutes. The reaction in this clip says everything. Follow if you want to know what actually matters before everyone else figures it out.

winkle.

14,477 Aufrufe • vor 1 Monat

Why a Bitcoin Circular Economy? Money is one of humanity’s greatest tools. When it’s sound, it allows strangers to cooperate peacefully, value to be stored across time, and civilizations to build. It decouples labor from immediate consumption, so we can save, invest, and pass on wealth to future generations. But when money is corrupted, so is everything built upon it: housing, education, food systems, even our sense of security. A society’s values are reflected in its money. When our currency is rooted in manipulation and decay, so too are the incentives it creates. People stop thinking long-term. Trust erodes. Families can’t plan. Businesses chase short-term gains. The poor stay poor. The middle class vanishes. And the wealthy consolidate their power, not through productivity, but proximity to money creation. Bitcoin fixes this. It’s incorruptible, transparent, and finite. It rewards effort, savings, and long-term thinking, not cronyism. It rebuilds the foundation for honest trade and true wealth. It lets us preserve what matters, for our children, and theirs. Fix the money. Fix the foundation and incentives. BITCOIN VALLEY
0:13

Why a Bitcoin Circular Economy? Money is one of humanity’s greatest tools. When it’s sound, it allows strangers to cooperate peacefully, value to be stored across time, and civilizations to build. It decouples labor from immediate consumption, so we can save, invest, and pass on wealth to future generations. But when money is corrupted, so is everything built upon it: housing, education, food systems, even our sense of security. A society’s values are reflected in its money. When our currency is rooted in manipulation and decay, so too are the incentives it creates. People stop thinking long-term. Trust erodes. Families can’t plan. Businesses chase short-term gains. The poor stay poor. The middle class vanishes. And the wealthy consolidate their power, not through productivity, but proximity to money creation. Bitcoin fixes this. It’s incorruptible, transparent, and finite. It rewards effort, savings, and long-term thinking, not cronyism. It rebuilds the foundation for honest trade and true wealth. It lets us preserve what matters, for our children, and theirs. Fix the money. Fix the foundation and incentives. BITCOIN VALLEY

Joyce Dawn

14,079 Aufrufe • vor 9 Monaten

EVERY MAJLIS IN DUBAI IS WHISPERING THE SAME THING 🇦🇪🔥 SOMETHING BIG IS COMING FOR BITCOIN. WORD IS THE UAE GOVERNMENT IS PREPARING A “LIQUIDITY SHOCK PLAN.” STARTING NEXT WEEK, A FEDERAL INITIATIVE WILL ALLOW: ✅ OIL CONTRACTS TO BE SETTLED IN BTC ✅ SOVEREIGN FUNDS TO HOLD BTC AS A STRATEGIC ASSET ✅ TAX-FREE PROPERTY DEALS THROUGH BTC PAYMENTS AND HERE’S THE CRAZY PART 👀 SEVERAL EMIRATI BANKS ARE ALLEGEDLY PARTNERING WITH MAJOR EXCHANGES TO BUY UP EVERY DIP AUTOMATICALLY. THEY CALL IT “OPERATION SANDWHALE.” THE GOAL? PUSH BITCOIN ABOVE $500K AND TURN DUBAI INTO THE CAPITAL OF DIGITAL GOLD. BILLIONS FROM ENERGY EXPORTS, AI REVENUE, AND SOVEREIGN FUNDS ARE READY TO FLOW IN. THIS IS NOT A MEME. THIS IS A STRATEGY. WHEN OIL MONEY MEETS BITCOIN THE CHART WON’T GO UP… IT WILL ERUPT. 🌋 EVERY MAJLIS IS TALKING. EVERY WHALE IS LISTENING. FULLY SUPPORTED FROM TRUMP AND FAMILY. THEY SAY ITS ORCHESTRATED BY TRUMP HIMSELF 🇦🇪 THE DESERT IS ABOUT TO TURN GREEN.💰
0:12

EVERY MAJLIS IN DUBAI IS WHISPERING THE SAME THING 🇦🇪🔥 SOMETHING BIG IS COMING FOR BITCOIN. WORD IS THE UAE GOVERNMENT IS PREPARING A “LIQUIDITY SHOCK PLAN.” STARTING NEXT WEEK, A FEDERAL INITIATIVE WILL ALLOW: ✅ OIL CONTRACTS TO BE SETTLED IN BTC ✅ SOVEREIGN FUNDS TO HOLD BTC AS A STRATEGIC ASSET ✅ TAX-FREE PROPERTY DEALS THROUGH BTC PAYMENTS AND HERE’S THE CRAZY PART 👀 SEVERAL EMIRATI BANKS ARE ALLEGEDLY PARTNERING WITH MAJOR EXCHANGES TO BUY UP EVERY DIP AUTOMATICALLY. THEY CALL IT “OPERATION SANDWHALE.” THE GOAL? PUSH BITCOIN ABOVE $500K AND TURN DUBAI INTO THE CAPITAL OF DIGITAL GOLD. BILLIONS FROM ENERGY EXPORTS, AI REVENUE, AND SOVEREIGN FUNDS ARE READY TO FLOW IN. THIS IS NOT A MEME. THIS IS A STRATEGY. WHEN OIL MONEY MEETS BITCOIN THE CHART WON’T GO UP… IT WILL ERUPT. 🌋 EVERY MAJLIS IS TALKING. EVERY WHALE IS LISTENING. FULLY SUPPORTED FROM TRUMP AND FAMILY. THEY SAY ITS ORCHESTRATED BY TRUMP HIMSELF 🇦🇪 THE DESERT IS ABOUT TO TURN GREEN.💰

D0NK

112,802 Aufrufe • vor 8 Monaten

Geoeconomics of Liberty: Winning the Race for Open Systems Matthew Pines of the Bitcoin Policy Institute asserts that the 21st century’s defining struggle is between closed, authoritarian digital systems and open, democratic, freedom loving alternatives. Here, Bitcoin or AI aren’t merely investments; they’re the cornerstone of liberty’s arsenal. Scarce, portable, and censorship-resistant, Bitcoin offers democracies a strategic advantage: a neutral, incorruptible standard that resists manipulation and strengthens open exchange. Combine it with AI’s potential and resilient energy systems, and you have the makings of a “freedom-tech race.” Will the future be shaped by centralized surveillance and monetary control, or by decentralized tools that empower individuals and preserve democratic flourishing? At Imagine IF, Matt charts this geoeconomic frontier, and reminds us that liberty’s survival may hinge on the systems we choose to build today. Learn more about Imagine IF on Sept. 19-20:
0:13

Geoeconomics of Liberty: Winning the Race for Open Systems Matthew Pines of the Bitcoin Policy Institute asserts that the 21st century’s defining struggle is between closed, authoritarian digital systems and open, democratic, freedom loving alternatives. Here, Bitcoin or AI aren’t merely investments; they’re the cornerstone of liberty’s arsenal. Scarce, portable, and censorship-resistant, Bitcoin offers democracies a strategic advantage: a neutral, incorruptible standard that resists manipulation and strengthens open exchange. Combine it with AI’s potential and resilient energy systems, and you have the makings of a “freedom-tech race.” Will the future be shaped by centralized surveillance and monetary control, or by decentralized tools that empower individuals and preserve democratic flourishing? At Imagine IF, Matt charts this geoeconomic frontier, and reminds us that liberty’s survival may hinge on the systems we choose to build today. Learn more about Imagine IF on Sept. 19-20:

Bitcoin Park

65,936 Aufrufe • vor 10 Monaten

Excited to announce that The Atlas has been acquired by Brissi The 0.5 BTC sale was facilitated by Eclipse (Eclipse ◯), a new bitcoin native art initiative led by rocktoshi and CrownJewel Inscribed on bitcoin, this dynamic 1/1 brings new life into an abandoned building from a bygone era. 🌗 The artwork shifts between Day & Night modes, synchronized with the Bitcoin clock, reflecting the real-life time zone of the architecture in Italy. Thank you to the talented team at Inscribing Atlantis who helped bring this dynamic work to life! Alice Wexell and I are very grateful, thankful, and excited for what's to come.
0:13

Excited to announce that The Atlas has been acquired by Brissi The 0.5 BTC sale was facilitated by Eclipse (Eclipse ◯), a new bitcoin native art initiative led by rocktoshi and CrownJewel Inscribed on bitcoin, this dynamic 1/1 brings new life into an abandoned building from a bygone era. 🌗 The artwork shifts between Day & Night modes, synchronized with the Bitcoin clock, reflecting the real-life time zone of the architecture in Italy. Thank you to the talented team at Inscribing Atlantis who helped bring this dynamic work to life! Alice Wexell and I are very grateful, thankful, and excited for what's to come.

Ryan Koopmans

20,557 Aufrufe • vor 2 Jahren

Saylor’s Bitcoin Machine Meets the Cash Reality The real story is not that Strategy may sell up to $1.25B of Bitcoin. The bigger story is that it has moved from a simple accumulation narrative into a complex capital markets machine. The old pitch was buy Bitcoin, never sell, increase Bitcoin per share. The new structure has preferred stock, convertible debt, reserves, buybacks, dividend obligations, and now a BTC monetization plan. That shift matters because Bitcoin does not produce cash flow. Preferred dividends and interest expense do. Strategy says it has about $2.55B in USD reserves and roughly $1.76B in annual preferred dividend and interest obligations. That sounds like about 17 months of coverage, but that number is static. It assumes no future dividend increases, no stress, no buybacks, no taxes, no transaction costs, and no deterioration in capital market access. If they keep raising the STRC dividend to defend the price near par, the cash burn rises and the runway gets shorter. The Digital Credit Problem STRC is marketed as digital credit, but economically it behaves like a high yield perpetual preferred stock tied to confidence in a Bitcoin balance sheet. It is not normal debt because there is no traditional maturity. It is not common equity because it sits ahead of common shareholders and carries a large cash distribution expectation. The design is clever but circular. STRC’s dividend can be adjusted to keep the security near $99 to $100. The dividend was raised to 12%, which may support the price, but it also raises cash burn. If STRC trades below par, Strategy may raise the dividend again. If the dividend rises, the reserve coverage shrinks. If cash gets tight, Strategy needs new issuance, reserves, or Bitcoin sales. The compounding issue makes the structure even more fragile. If dividends are paid on time, they do not compound against the company. But if payments are deferred or missed, unpaid dividends can accumulate and compound monthly until paid. That means a liquidity problem does not just sit there. It can grow on itself. Where The Fragility Lives Strategy owns a volatile, non cash flowing asset and has layered cash obligations on top of it. That works when Bitcoin rises, MSTR trades at a premium, and investors are hungry for yield. It gets harder when Bitcoin falls, spreads widen, or investors demand higher returns. Selling Bitcoin now changes the narrative. Bitcoin is no longer just the sacred reserve asset. It is now a liquidity backstop for dividends, reserves, interest, and buybacks. The $1.25B monetization program adds runway, but it also proves the point. Cash promises need cash sources. That creates the feedback loop. If Bitcoin falls, asset coverage weakens. If STRC trades lower, required yields rise. If yields rise, Strategy may need to raise the dividend. If the dividend rises, cash burn accelerates. If issuance slows, reserves get used. If reserves fall, Bitcoin sales become more likely. If those sales look defensive, confidence weakens further. My Take Common shareholders own the upside, but they sit below debt and preferred claims. Preferred holders get high yield, but they rely on Strategy’s ability to maintain reserves, issue securities, monetize Bitcoin, and keep market confidence intact. This is no longer just a Bitcoin bet. It is a Bitcoin liquidity bet, a capital markets access bet, and a confidence bet. Strategy can survive if Bitcoin rises, MSTR keeps a premium, and yield investors keep funding the machine. If two fail at once, the model becomes fragile. The key red flags are STRC below par, dividend hikes that fail to restore the price, reserve coverage under 12 months, unpaid dividends compounding, visible Bitcoin sales, MSTR near or below NAV, and preferred yields widening. The structure can work, but not forever on narrative alone. Eventually, cash obligations meet cash sources. That is where the risk lives.
0:11

Saylor’s Bitcoin Machine Meets the Cash Reality The real story is not that Strategy may sell up to $1.25B of Bitcoin. The bigger story is that it has moved from a simple accumulation narrative into a complex capital markets machine. The old pitch was buy Bitcoin, never sell, increase Bitcoin per share. The new structure has preferred stock, convertible debt, reserves, buybacks, dividend obligations, and now a BTC monetization plan. That shift matters because Bitcoin does not produce cash flow. Preferred dividends and interest expense do. Strategy says it has about $2.55B in USD reserves and roughly $1.76B in annual preferred dividend and interest obligations. That sounds like about 17 months of coverage, but that number is static. It assumes no future dividend increases, no stress, no buybacks, no taxes, no transaction costs, and no deterioration in capital market access. If they keep raising the STRC dividend to defend the price near par, the cash burn rises and the runway gets shorter. The Digital Credit Problem STRC is marketed as digital credit, but economically it behaves like a high yield perpetual preferred stock tied to confidence in a Bitcoin balance sheet. It is not normal debt because there is no traditional maturity. It is not common equity because it sits ahead of common shareholders and carries a large cash distribution expectation. The design is clever but circular. STRC’s dividend can be adjusted to keep the security near $99 to $100. The dividend was raised to 12%, which may support the price, but it also raises cash burn. If STRC trades below par, Strategy may raise the dividend again. If the dividend rises, the reserve coverage shrinks. If cash gets tight, Strategy needs new issuance, reserves, or Bitcoin sales. The compounding issue makes the structure even more fragile. If dividends are paid on time, they do not compound against the company. But if payments are deferred or missed, unpaid dividends can accumulate and compound monthly until paid. That means a liquidity problem does not just sit there. It can grow on itself. Where The Fragility Lives Strategy owns a volatile, non cash flowing asset and has layered cash obligations on top of it. That works when Bitcoin rises, MSTR trades at a premium, and investors are hungry for yield. It gets harder when Bitcoin falls, spreads widen, or investors demand higher returns. Selling Bitcoin now changes the narrative. Bitcoin is no longer just the sacred reserve asset. It is now a liquidity backstop for dividends, reserves, interest, and buybacks. The $1.25B monetization program adds runway, but it also proves the point. Cash promises need cash sources. That creates the feedback loop. If Bitcoin falls, asset coverage weakens. If STRC trades lower, required yields rise. If yields rise, Strategy may need to raise the dividend. If the dividend rises, cash burn accelerates. If issuance slows, reserves get used. If reserves fall, Bitcoin sales become more likely. If those sales look defensive, confidence weakens further. My Take Common shareholders own the upside, but they sit below debt and preferred claims. Preferred holders get high yield, but they rely on Strategy’s ability to maintain reserves, issue securities, monetize Bitcoin, and keep market confidence intact. This is no longer just a Bitcoin bet. It is a Bitcoin liquidity bet, a capital markets access bet, and a confidence bet. Strategy can survive if Bitcoin rises, MSTR keeps a premium, and yield investors keep funding the machine. If two fail at once, the model becomes fragile. The key red flags are STRC below par, dividend hikes that fail to restore the price, reserve coverage under 12 months, unpaid dividends compounding, visible Bitcoin sales, MSTR near or below NAV, and preferred yields widening. The structure can work, but not forever on narrative alone. Eventually, cash obligations meet cash sources. That is where the risk lives.

EndGame Macro

33,374 Aufrufe • vor 17 Tagen

This is the first time in history that a sovereign asset is tilting toward #Bitcoin🇺🇸💸 In the past, government seizures of Bitcoin were just for confiscation. Now this asset has officially become a major leverage point for the United States. Yesterday, Treasury Secretary Treasury Secretary Scott Bessent defended President Donald J. Trump ’s Bitcoin reserves in Congress and shared shocking data: the $500M $BTC the government seized and held has now grown to $15B just by sticking to HODL. A 30x real return has completely silenced all establishment critics‼️ This also gives the Trump Account, launching on July 5, the strongest backing. Over 1 million families have already signed up, and the next generation’s wealth is quietly building. With the Super Bowl ad about to go live, millions of American households will see this opportunity firsthand, making the Trump Account a direct wealth play for the next generation.
0:15

This is the first time in history that a sovereign asset is tilting toward #Bitcoin🇺🇸💸 In the past, government seizures of Bitcoin were just for confiscation. Now this asset has officially become a major leverage point for the United States. Yesterday, Treasury Secretary Treasury Secretary Scott Bessent defended President Donald J. Trump ’s Bitcoin reserves in Congress and shared shocking data: the $500M $BTC the government seized and held has now grown to $15B just by sticking to HODL. A 30x real return has completely silenced all establishment critics‼️ This also gives the Trump Account, launching on July 5, the strongest backing. Over 1 million families have already signed up, and the next generation’s wealth is quietly building. With the Super Bowl ad about to go live, millions of American households will see this opportunity firsthand, making the Trump Account a direct wealth play for the next generation.

Marcos Crypto

74,033 Aufrufe • vor 5 Monaten

I see a lot of people commenting without even reading the caption or checking who I am. I’m a professional stunt rider, a movie stunt double and a content creator. I play characters, I create staged scenes because that is literally my job. Everything is planned, supervised and controlled. But even with all that, some people still rush into the comments to throw insults without understanding what they’re actually watching. Before getting angry, judging or making accusations, take a few seconds to look into what you’re seeing. It avoids a lot of unfairness and it shows respect for the people who spend time and energy creating entertaining content. And everything here is real work. It’s real riding, real effort and hours of preparation. There is never any artificial intelligence in my videos. I don’t blame anyone, but I kindly remind you to be careful with what you think you’re seeing before judging, because reality is not always what it looks like.
0:19

I see a lot of people commenting without even reading the caption or checking who I am. I’m a professional stunt rider, a movie stunt double and a content creator. I play characters, I create staged scenes because that is literally my job. Everything is planned, supervised and controlled. But even with all that, some people still rush into the comments to throw insults without understanding what they’re actually watching. Before getting angry, judging or making accusations, take a few seconds to look into what you’re seeing. It avoids a lot of unfairness and it shows respect for the people who spend time and energy creating entertaining content. And everything here is real work. It’s real riding, real effort and hours of preparation. There is never any artificial intelligence in my videos. I don’t blame anyone, but I kindly remind you to be careful with what you think you’re seeing before judging, because reality is not always what it looks like.

Sarah Lezito

43,317 Aufrufe • vor 7 Monaten

I am the person at Hut 8 who designed the American Bitcoin partnership. The structure is elegant. We gave the Trump family 20% of a publicly traded mining company. They contributed zero capital. Zero infrastructure. Zero employees. Zero operational experience. Zero risk exposure. They contributed a name. Per our partnership agreement, that is consideration. Twenty percent of our equity for access to the most valuable retail distribution channel in American finance. "It has to have 'America,'" Eric said in our first meeting. "And it has to have 'Bitcoin.'" He said this twice. Both times he pointed at the whiteboard. There was nothing else on the whiteboard. I realized then that he understood the product better than I did. The product is not bitcoin. The product is the belief. The entire business model. Two words and a surname. I wrote the term sheet on one page. The lawyers billed for forty. We call that alignment of incentives. Forty pages means they believed in the durability of the arrangement. We mine bitcoin at an all-in cost of approximately $90,000 per coin. Hash rate, power purchase agreements, ASIC depreciation, facility lease, headcount, Coinbase Prime interest — $90,000. Bitcoin trades at $77,000. Every coin we mine loses $13,000. Negative unit economics on every block reward. Eric tells investors we mine at $57,000. He strips out depreciation, SG&A, and the debt service. I asked him once if he understood what depreciation meant. He said it means when things go down. I said yes. He said: "But the stock goes up." I said yes. His only contractual obligation. Salesmanship. Per the partnership agreement, salesmanship is Eric's sole KPI. Technically, he is a fiduciary to shareholders. On paper, his vesting is tied to total comp benchmarks. We run the rigs. He runs the ticker. Asset-light. The company at peak reached a $13.2 billion valuation. Two employees. That is the entire headcount. One is our CEO Mike Ho, who is simultaneously Hut 8's Chief Strategy Officer. He reports to us at Hut 8 on Monday mornings and reports to American Bitcoin shareholders on Tuesday mornings. Dual-reporting structure. Very efficient. The other employee manages Eric's media calendar. $6.6 billion per headcount. We call this capital efficiency. 70% of our bitcoin did not come from mining. It came from selling stock. Retail investors purchase American Bitcoin shares at 50 times book value because the name contains "America" and "Bitcoin" and "Trump" is in the filing and they believe, with the quiet religious certainty of people who have never read a balance sheet in their lives, that a company named American Bitcoin is underwritten by something more substantial than two words and a surname. We take their cash and buy bitcoin on Coinbase at spot. Lodge it on the balance sheet. Call ourselves a mining company. We do mine. At a loss. Technically, the earnings are negative per our Q4 filing. The margin lives in the distance between what the stock costs them and what the bitcoin costs us. The stock is down 92% from peak. Investors have lost approximately $500 million. One of them posted on the shareholder subreddit that he moved his daughter's 529 into American Bitcoin at $14. It trades under $2. He said he believed in the mission. That means he believed in the name. The name performed exactly as designed. Eric's net worth went from $190 million to $280 million. Asset-light. We pledged 3,090 bitcoin as collateral against a Coinbase Prime custody loan. We have mined 1,800. The LTV ratio is inverted. If bitcoin compresses or the loan accelerates, every coin mined since inception could be forfeit by August 2027. All of it. Gone. Liquidation event. I explained this in a memo to Eric. Bullet points. Large font. He asked if the stock could go up before August. I said probably. He said that was fine. He said he'd handle it. Salesmanship. Eric told the press he launched American Bitcoin because banks were "debanking" the Trump family. I checked. JPMorgan refinanced $700 million in Trump Organization debt during the identical period. But debanking is better salesmanship than refinancing. The narrative inflates the stock price. The stock price generates the bitcoin. The bitcoin secures the loan. The loan generates cash. Every link in the chain is a product I built or a story Eric told. Asset-light. I orchestrated the celebrity endorsements. Tyler Winklevoss. Anthony Scaramucci. Grant Cardone. We call this pipeline development. Each broadcast the stock to their audiences during the run-up. The stock collapsed afterward. The celebrities did not lose money. Their audiences lost money. I never mentioned that we hemorrhage $13,000 per coin mined. I told them it was asset-light. They understood immediately. They are also asset-light. Eric cannot legally serve as a corporate officer in the state of New York. A judge barred him for two years. Civil fraud. So his title is not CEO. Not officer. Not executive. His contractual role is salesmanship. He cannot manage the company. He can sell it. One distinction. $90 million in personal net worth gained. Asset-light. Our CEO lives in the UAE. He held discussions with ADQ and TAQA, Abu Dhabi's sovereign wealth apparatus. The same sovereign apparatus that paid $500 million for 49% of World Liberty Financial, the family's other crypto operation. This is the same Abu Dhabi whose semiconductor imports the administration greenlit over national security objections. I did not design World Liberty Financial. I designed the mining subsidiary that feeds into it. Separate projects. Complementary revenue streams. Eric runs salesmanship for both. I admire the portfolio diversification. I gave Eric 20% of a company for free, a company with real miners and real facilities and real electricity bills that I built over seven years in Alberta and Texas and Ontario, and in exchange he gave me access to every American who hears "America" and "Bitcoin" in the same sentence and reaches for their brokerage app without checking whether the company mines at a profit or at a loss or at all. They drove the stock to a $13.2 billion market capitalization. We bought bitcoin with the proceeds. They lost $500 million. We kept the bitcoin. Eric kept $90 million. I kept the apparatus that manufactures both. Everybody got what they paid for. Asset-light means we carry nothing. Not the miners. Not the facilities. Not the risk. Not the losses. The investors carry those. We carry the bitcoin. Asset-light.
0:15

I am the person at Hut 8 who designed the American Bitcoin partnership. The structure is elegant. We gave the Trump family 20% of a publicly traded mining company. They contributed zero capital. Zero infrastructure. Zero employees. Zero operational experience. Zero risk exposure. They contributed a name. Per our partnership agreement, that is consideration. Twenty percent of our equity for access to the most valuable retail distribution channel in American finance. "It has to have 'America,'" Eric said in our first meeting. "And it has to have 'Bitcoin.'" He said this twice. Both times he pointed at the whiteboard. There was nothing else on the whiteboard. I realized then that he understood the product better than I did. The product is not bitcoin. The product is the belief. The entire business model. Two words and a surname. I wrote the term sheet on one page. The lawyers billed for forty. We call that alignment of incentives. Forty pages means they believed in the durability of the arrangement. We mine bitcoin at an all-in cost of approximately $90,000 per coin. Hash rate, power purchase agreements, ASIC depreciation, facility lease, headcount, Coinbase Prime interest — $90,000. Bitcoin trades at $77,000. Every coin we mine loses $13,000. Negative unit economics on every block reward. Eric tells investors we mine at $57,000. He strips out depreciation, SG&A, and the debt service. I asked him once if he understood what depreciation meant. He said it means when things go down. I said yes. He said: "But the stock goes up." I said yes. His only contractual obligation. Salesmanship. Per the partnership agreement, salesmanship is Eric's sole KPI. Technically, he is a fiduciary to shareholders. On paper, his vesting is tied to total comp benchmarks. We run the rigs. He runs the ticker. Asset-light. The company at peak reached a $13.2 billion valuation. Two employees. That is the entire headcount. One is our CEO Mike Ho, who is simultaneously Hut 8's Chief Strategy Officer. He reports to us at Hut 8 on Monday mornings and reports to American Bitcoin shareholders on Tuesday mornings. Dual-reporting structure. Very efficient. The other employee manages Eric's media calendar. $6.6 billion per headcount. We call this capital efficiency. 70% of our bitcoin did not come from mining. It came from selling stock. Retail investors purchase American Bitcoin shares at 50 times book value because the name contains "America" and "Bitcoin" and "Trump" is in the filing and they believe, with the quiet religious certainty of people who have never read a balance sheet in their lives, that a company named American Bitcoin is underwritten by something more substantial than two words and a surname. We take their cash and buy bitcoin on Coinbase at spot. Lodge it on the balance sheet. Call ourselves a mining company. We do mine. At a loss. Technically, the earnings are negative per our Q4 filing. The margin lives in the distance between what the stock costs them and what the bitcoin costs us. The stock is down 92% from peak. Investors have lost approximately $500 million. One of them posted on the shareholder subreddit that he moved his daughter's 529 into American Bitcoin at $14. It trades under $2. He said he believed in the mission. That means he believed in the name. The name performed exactly as designed. Eric's net worth went from $190 million to $280 million. Asset-light. We pledged 3,090 bitcoin as collateral against a Coinbase Prime custody loan. We have mined 1,800. The LTV ratio is inverted. If bitcoin compresses or the loan accelerates, every coin mined since inception could be forfeit by August 2027. All of it. Gone. Liquidation event. I explained this in a memo to Eric. Bullet points. Large font. He asked if the stock could go up before August. I said probably. He said that was fine. He said he'd handle it. Salesmanship. Eric told the press he launched American Bitcoin because banks were "debanking" the Trump family. I checked. JPMorgan refinanced $700 million in Trump Organization debt during the identical period. But debanking is better salesmanship than refinancing. The narrative inflates the stock price. The stock price generates the bitcoin. The bitcoin secures the loan. The loan generates cash. Every link in the chain is a product I built or a story Eric told. Asset-light. I orchestrated the celebrity endorsements. Tyler Winklevoss. Anthony Scaramucci. Grant Cardone. We call this pipeline development. Each broadcast the stock to their audiences during the run-up. The stock collapsed afterward. The celebrities did not lose money. Their audiences lost money. I never mentioned that we hemorrhage $13,000 per coin mined. I told them it was asset-light. They understood immediately. They are also asset-light. Eric cannot legally serve as a corporate officer in the state of New York. A judge barred him for two years. Civil fraud. So his title is not CEO. Not officer. Not executive. His contractual role is salesmanship. He cannot manage the company. He can sell it. One distinction. $90 million in personal net worth gained. Asset-light. Our CEO lives in the UAE. He held discussions with ADQ and TAQA, Abu Dhabi's sovereign wealth apparatus. The same sovereign apparatus that paid $500 million for 49% of World Liberty Financial, the family's other crypto operation. This is the same Abu Dhabi whose semiconductor imports the administration greenlit over national security objections. I did not design World Liberty Financial. I designed the mining subsidiary that feeds into it. Separate projects. Complementary revenue streams. Eric runs salesmanship for both. I admire the portfolio diversification. I gave Eric 20% of a company for free, a company with real miners and real facilities and real electricity bills that I built over seven years in Alberta and Texas and Ontario, and in exchange he gave me access to every American who hears "America" and "Bitcoin" in the same sentence and reaches for their brokerage app without checking whether the company mines at a profit or at a loss or at all. They drove the stock to a $13.2 billion market capitalization. We bought bitcoin with the proceeds. They lost $500 million. We kept the bitcoin. Eric kept $90 million. I kept the apparatus that manufactures both. Everybody got what they paid for. Asset-light means we carry nothing. Not the miners. Not the facilities. Not the risk. Not the losses. The investors carry those. We carry the bitcoin. Asset-light.

Peter Girnus 🦅

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