If bitcoin has a 90% probability of being higher 12 months from now when fear is this extreme
and you still are not buying
what exactly are you waiting for?
Bitcoin Well
bitcoinwell@btcw.app
npub19mf4...kfu2
Bitcoin Well is on a mission to enable independence. We do this by making it easy to use bitcoin in self-custody.
Whether you’re looking to buy, sell or use bitcoin, we never hold on to your bitcoin.
Bitcoin Well is automatic self-custody.
Indiana just passed a bill that bans discriminatory taxes on bitcoin and requires state retirement plans to offer self-directed bitcoin options.
This is not a crypto bill.
This is a property rights bill. They just happen to recognize that bitcoin is property worth protecting.
If you don't understand self-custody, you don't understand Bitcoin! ⛓️🔑
A company in the US just built a bitcoin miner with 3nm chips designed and manufactured entirely in America.
10 terahashes. 150 watts. Fits on your desk.
Syncs a full node in 36 hours.
Bitcoin mining is not what you think it is anymore.
Citi is building bitcoin custody infrastructure.
Not because they believe in financial freedom.
Because their clients are demanding it and they cannot afford to lose them to companies that already figured this out.
This 1993 Letter Predicted the Death of Privacy 📄💀
Strategy is now the most shorted stock over $25 billion.
Wall Street is betting against a company whose entire thesis is accumulating the scarcest asset on earth.
Think about who has been right for the last 4 years and who keeps doubling down on being wrong.
The Fed is signaling rate cuts while the government borrows at record pace.
Cheaper money to service more debt to print more money to make the debt cheaper.
At some point you stop calling it monetary policy and start calling it what it is.
Your grandkids will ask you what it felt like to watch the entire monetary system get rebuilt in real time.
You will tell them most people didn't notice because they were checking their bank app.
Anchorage Digital, one of the few federally chartered crypto banks in the US, just disclosed they hold Strategy's preferred stock on their balance sheet.
Not in a fund. Not as a trade. On their actual balance sheet.
Regulated banks are choosing Bitcoin exposure voluntarily.
The narrative right now is that Bitcoin failed because it touched 126k and came back down.
Eight years ago the narrative was that Bitcoin failed because it touched 20k and came back down.
The number keeps changing. The narrative never does.
Stop Asking for Permission: The Secret Ethos of Bitcoin ₿💥
Basel banking regulations assign a 1,250% risk weight to Bitcoin.
That's the maximum penalty. The same weight given to the riskiest assets a bank can hold.
They didn't study the asset and conclude it was risky.
They decided it was a threat and picked the biggest number available.
Bitcoin to gold ratio sits at about 12.7 right now.
In 2021 it peaked above 37.
Gold is at $5,200. All time high.
Bitcoin has outperformed gold over every 4 year period in its history.
The ratio doesn't stay compressed forever. It snaps.
Mining stocks are outperforming Bitcoin right now.
Read that again.
Wall Street is betting on the companies that produce Bitcoin while retail panic sells the Bitcoin itself.
The smart money isn't just buying what you're selling. They're buying the factory.
Bitcoin's RSI just undercut the Mt. Gox collapse, the 2018 bear market, and the COVID crash.
Meanwhile ETFs pulled in $258 million yesterday.
The charts are screaming capitulation. The money is screaming accumulation.
One of these is lying to you. It's not the money. 👀
Non-monetary gold exports from the US jumped 145% last year.
Translation: governments are moving physical gold across borders at a pace not seen in decades.
They are preparing for a world where the dollar is not the default. You should be too.
You do not need to understand SHA-256 to use Bitcoin.
You do not need to understand TCP/IP to use the internet.
The best technologies disappear into the background.
Bitcoin is still in the phase where people think you need to understand it before you can use it.
Say what you will about Michael Saylor, but has been dollar cost averaging into Bitcoin for 6 years straight.
The largest documented DCA in history.
He didn't time the bottom. He didn't wait for the dip. He bought on a schedule through every crash and every rally.
I'd say he gets the strategy.
Bitcoin miners are selling. ETFs are distributing. Headlines are screaming.
Meanwhile the hash rate keeps climbing.
Because miners aren't leaving. They are doubling down on infrastructure while selling the product.
That is not bearish. That is a business model.