On Nostr, I will exclusively share the most significant Bitcoin news. (this note) For those (still) beyond Nostr—friends, family, and colleagues—the complete Weekly Recap will be accessible on my Bitcoin Friday page on Habla. (next note) Enriched with detailed charts, illustrative images, and comprehensive macroeconomic news to provide context and clarity. Happy reading! The Latest Bitcoin & Macro news: Weekly Recap 21.07.2025 🧠Quote(s) of the week: Now, what is inflation? Luke Gromen: "An (accidental) gauge of actual US inflation in recent years: Two genetic brothers, JJ Watt (left) and TJ Watt (right), only 5 years apart in age, playing the same sport, the same position on the field, in the same stadiums, to the same crowds...and yet the younger brother makes nearly as much in 3 years as older brother did in 12 years." While I largely agree with the point, there are other factors contributing to NFL inflation than just monetary inflation. Still, this should help more athletes, fans, and even owners see the light. Get paid in Bitcoin! Get deals paid in Bitcoin. A screaming indicator that shows both the employer and employee are being harmed by the debasement of the currency. Russell Okung, Saquon Barkley, and Odell Beckham already showed the solution for the NFL and the NFL Players Association -- embrace Bitcoin. Now a matter of time and effort until momentum pushes past the tipping point. 🧡Bitcoin news🧡 On the 14th of July: ➡️BlackRock's spot Bitcoin ETF is now the company's most profitable ETF, Bloomberg reports. ➡️Bitcoin is up ~1,700% since comedian Daniel Sloss called it “Beanie Babies for tech bros” when it was trading at $6.5K ➡️“Ethereum is going parabolic!” Ethereum is going parabolic: This is for everyone hyping the Ethereum "pump" right now. I don’t believe we’re heading into another full-blown altseason. Maybe we’ll see some temporary outperformance vs. Bitcoin, but nothing like 2017. Humanity is stupid, but not that stupid. Right? On the 15th of July ➡️'Millionaire inflation is real. In 2000, there were 14.7 million millionaires. Today, there are over 60 million. Back then, there was hypothetically more than 1 Bitcoin per millionaire. Today? Just 0.35 BTC each. And it’s dropping.' -Bitcoin News ➡️Daniel Batten: "The old guard is fading. A new generation is growing in power, and is gaining ascendancy in EVERY political party. The game is no longer to be pro or anti-Bitcoin, but to frame how Bitcoin fits with your values." ➡️We are very, very early. Bitcoin's adoption curve. Bitcoin's total addressable market (TAM) is the world’s balance sheet. All $900T of it. So long as Bitcoin has the most attractive characteristics as a store-of-value asset in the investable landscape, this will remain so. Bitcoin is a black hole on the world's balance sheet. Mitch Klee: "Currently 0.22%. LESS THAN 1% ADOPTION. Currently, a 2 trillion dollar asset and its total addressable market for SOV is $900 trillion. Since Bitcoin is both valued in USD and a monetary network, it's best to measure adoption in total market capitalization. Bitcoin is still very young, released in 2009. Layer 2s are still being built. As a monetary network, there is much work to be done if we want to support billions of people. But Flywheels are strong. I don't think anyone realizes how early we are. We've just tapped the surface of development for multiple layer 2s. (The internet has 7) As more adoption happens, more money for development feeds into the flywheel." It's not too late to take Bitcoin seriously. Need proof? Just look at the Bitcoiners: they keep buying. You didn't "miss out" on Bitcoin; you just weren't here from the beginning. But you can still be early today. ➡️Long-Term Holder supply dropped by 100k Bitcoin over the past 24 hours. 100k BTC. No wonder we went down to $117k. ➡️$400B banking giant Standard Chartered has officially launched Bitcoin and crypto trading for institutional clients. ➡️Bitcoin just recorded its highest daily candle close ever: $119,135. New all-time high. ➡️Cantor Fitzgerald close to $4 billion SPAC deal with Adam Back "to buy billions of dollars" of Bitcoin. ➡️ECB: Applications for the design contest for our future banknotes are now open! Are you a graphic designer residing in the EU? Submit your application by noon CET on 18 August. "The new designs for the future EU banknotes are in, beautifully fitting the given assigned theme of 'European culture". Which one is your favorite?" - Bitsaga Foto credit: Michaël Roerade

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European Central Bank (@ecb) on X

💶 Applications for the design contest for our future banknotes are now open! Are you a graphic designer residing in the EU? Submit your applica...

Look at the comments, gotta love it! The ECB has one main task: to maintain the euro's purchasing power. Anyway, got Bitcoin? ➡️Retail investors are buying more Bitcoin than miners can produce. Shrimps, Crabs, and Fish are stacking 19,300 BTC/month while miners only release 13,400. This quiet supply crunch is fueling Bitcoin’s run to new ATHs. ➡️Bitcoin’s MVRV z-score is still well below historical top levels. Plenty of room to run. ➡️Pierre Rochard: "You have to hold BTC longer than 5 years to be guaranteed a CAGR > 0%, according to the historical worst-case scenario. Longer than 6 years for >20% Bitcoin CAGR. Bitcoin is long-term savings technology." On the 16th of July: ➡️ US Marshals reveal the government now only holds 28,988 Bitcoin worth $3.4 billion, instead of the estimated ~200,000 BTC. If true, this is a total strategic blunder and sets the United States back years in the Bitcoin race. The Biden Administration sold 170,000 BTC, and the Trump administration is finding out about it now…? The USA has 29k BTC left. They will not be the leading Bitcoin country anymore if they don’t change that quickly. If the Bitcoin Act passes, the government will be buying 1 MILLION Bitcoins on the spot market! More on the nation-state Bitcoin Race: ➡️Daniel Batten: A tale of 2 countries: In 2018, Bulgaria sold 213,500 BTC for "state expenditures", including buying a squadron of military planes. The bitcoin sold is now worth 79% of Bulgaria's public debt. They could have been almost debt-free. But they chose to increase debt burdens in return for depreciating relics of the industrial-military complex. Meanwhile, Bhutan, around the same time, started mining Bitcoin. It's now worth 50% of their GDP, and they just put up salaries of govt workers by 50-65%. Be like Bhutan, not Bulgaria. ➡️US potentially sold its Bitcoin? Bitcoin doesn’t care. Crypto Bills stalled in Congress? Bitcoin doesn’t care. War in the Middle East? Bitcoin doesn’t care. ➡️House will pass all three Bitcoin and crypto bills (Genius Act, Clarity Act, and Anti-CBDC Act) over the next two days On the 17th of July: ➡️Convano Inc (6574.T), a Japanese nail salon operator, has officially launched its Bitcoin treasury strategy and plans to purchase JPY 400 million (~$2.7 million) worth of BTC within July. The company established a dedicated “Bitcoin Strategy Office,” led by Director Taiyo Azuma. ➡️Checkmate: The Bitcoin Realised Cap just hit $1 trillion. This is the ultimate metric for adoption, as it captures the wealth and capital saved in BTC. A massive milestone. ➡️'Trump is preparing to open the $9 trillion US retirement market to crypto, gold, and private equity. An executive order expected this week would allow 401(k) plans to include alternative assets, marking a major shift in how Americans can invest their savings.' -Bitcoin News Americans hold $9 trillion in 401K savings. On the 18th of July: ➡️TOM LEE: "Bitcoin has become a $2 trillion asset. Never in financial history has anything reached $2 trillion and disappeared." ➡️ A Satoshi‑era whale just moved 80,000 BTC (~$9.5 B) to Galaxy Digital after 14 years of dormancy. Diamond hands! And yes, that is some sellside pressure. ➡️'French lawmakers propose a five-year trial to let energy producers use surplus nuclear power for Bitcoin mining, aiming to reduce waste and increase revenue.' - Bitcoin News ➡️President Trump will sign the first-ever digital asset bill into law today (Genius Stablecoin Act), A historic moment for crypto regulation. Trump says Bitcoin could be the greatest revolution in financial technology since the internet itself. But make no mistake, and I will quote Parker Lewis: "This bill is about regulatory capture, not innovation, and the fact that this was prioritized over Bitcoin tells you Washington is still controlled by special interests. There is a great quote from Bull Durham, "you couldn't hit water if you fell out of a fucking boat!" The Genius Act forces every legal “digital dollar” through state-approved issuers under full government control. Ergo: CBDC ➡️Chris Larsen has dumped 9 figures worth of XRP this year alone. Satoshi is still sitting on $115B. Something to ponder on... Alex Gladstein: "If you invested $10k into XRP on January 4, 2018, 7.5 years ago, you’d have… about $10k. Not even outpacing inflation. If you invested $10k in BTC on the same day, you’d have $75k Be careful out there…" ➡️Semler Scientific purchases 210 BTC ($25M), increasing its holdings to 4,846 BTC ($577.9M), per SEC filing. These 6 members of the Bitcoin for Corporations have collectively added 5,643.5 BTC to their corporate treasuries. ➡️ Bitcoin has entered the "ignition phase" of a bull market, where price momentum builds before significant gains, per analytics platform Bitcoin Vector. ➡️People say BTC is too volatile and risky: • Last year: up 87% • Last 2 years: up 300% • Last 5 years: up 1,200% • Last 10 years: up 43,500% ➡️ James Lavish: "Or, said another way, gold has been around for thousands of years, yet Bitcoin has only been around for 15 and is already worth 10% of gold's total value." ➡️Legendary Nostr developer Pablof7z is working on a native iOS Cashu wallet that synchronizes your Ecash across devices and makes backups using Nostr. Enter your nsec, and your money appears! Source: ➡️"We're now seeing the supply of BTC held by short-term holders once again begin increasing, indicating new market participants are once again accumulating Bitcoin! Is this the start of retail FOMO?" - Bitcoin Magazin Pro ➡️Jack Dorsey's Block to join the S&P 500 on July 23rd. They hold 8,584 Bitcoin on their balance sheet On the 19th of July: ➡️Michael Saylor's STRATEGY now holds $71 BILLION in Bitcoin, ranking #9 among all S&P 500 treasuries. They’ve leapfrogged Exxon, NVIDIA, PayPal, and CVS...with only Bitcoin. ➡️Bitcoin now has the highest correlation with global money supply at 0.51. More than gold (0.50), S&P 500 (0.45), or bonds (0.15). ➡️'Bitcoin’s Realized Cap has topped $1 trillion for the first time ever, with 25% of that added in 2025 alone. Unlike market cap, Realized Cap values each coin at its last moved price, offering a clearer view of actual investor inflows.' - Bitcoin News On the 20th of July: ➡️ $120K investment in Bitcoin growing at 29% CAGR will become $25M in 21 years. And all you have to do is buy and HODL. Bitcoin's historical CAGR from its first traded price of $0.003 in March 2010 to ~$118,000 today (July 20, 2025) is approximately 213% over 15.33 years. That's indeed much higher than 29%. Future returns may vary, but the track record is impressive. HODL wisely. P.S...: the 29% is from Saylors' 24 model. ➡️Saylor says he’ll be buying the top forever for a reason. Even if you bought 1 BTC at the top of every cycle, you’d have turned $90,000 into $470,000. A 420% gain by being consistently wrong with the worst timing imaginable. ➡️UK may sell over £5 billion worth of seized Bitcoin - The Telegraph Chancellor Rachel Reeves may sell £5B+ in BTC seized from a 2018 Chinese Ponzi scheme — including 61,000 Bitcoin. The Home Office is building a framework to liquidate the stash and plug a fiscal gap. The Westminster class are dinosaurs who don’t get the future. The UK should be implementing Reform’s Crypto Bill and increasing its Bitcoin reserves. I'm sure they won't regret it. Just ask Deutschland! The 61,250 Bitcoin, reportedly to be sold by the UK according to The Telegraph, were seized from Jian Wen and associates in a 2018 Chinese fraud case and remain legally contested. Chinese authorities and victims demand their return, and no sale can occur until the legal process is resolved, per Bitcoin journalist DecentraSuze Anyway, the British Pound has lost 95% of its purchasing power since 1970. You might want to hodl them bitties! ➡️74% of all Bitcoin is now held by long-term holders, a 15-year high. Nobody’s selling. ➡️On July 15, miners sent 16,000 BTC to exchanges, the largest single-day outflow since April, signaling they may be cashing in on recent gains. Such a supply surge could be putting short-term pressure on Bitcoin’s rally. ➡️Grok4 just updated long-term BTC targets: • 2025: $175,000 • 2030: $950,000 • 2040: $7,200,000 • 2050: $34,000,000 Endgame? Bitcoin replaces nation-state treasuries. On the 21st of July: ➡️The President of the United States is posting Bitcoin Twitter classics on social media. We are in a new era of adoption.

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Documenting ₿itcoin 📄 (@DocumentingBTC) on X

The United States President posts “Greatest Bitcoin explanation” video by Coin Center’s @Valkenburgh

➡️Bitcoin Archive: "Trump Media has accumulated $2 BILLION in Bitcoin and Bitcoin-related securities. Trump Media plans to continue acquiring Bitcoin and to convert its options into spot Bitcoin." The President of the world's largest economy posted a video of Peter van Valkenburgh, Director at Coincenter, explaining Bitcoin and announced a $2B Bitcoin purchase. Probably nothing. ➡️River: We're seeing the fastest money supply growth in years. If you held Bitcoin over the past year, you outperformed money debasement by 10x. ➡️Sminston with: "Average 2035 BTC Retirement by country, 2 easy-to-read plots:" Most people on Earth will need less than 1 Bitcoin to retire by 2035, but the gap by country is massive. Big assumption #1: 7% annual M2 expansion (inflation) rate. Will add error, thus will be updated in a future version. Big assumption #2: Annual expenses are based on each country's average annual income (in USD). Data source: worlddata.info ➡️Genius Group increases its Bitcoin treasury to 200 BTC. They aim to reach 1,000 BTC by the end of 2025 and 10,000 BTC within 24 months. ➡️Sequans has just purchased an additional 1,264 Bitcoin for $150 million. They now hold 2,317 BTC worth $273.2 million. ➡️Strategy has acquired 6,220 BTC for ~$739.8 million at ~$118,940 per bitcoin and has achieved BTC Yield of 20.8% YTD 2025. As of 7/20/2025, we hodl 607,770 Bitcoin acquired for ~$43.61 billion at ~$71,756 per Bitcoin. ➡️Global Bitcoin Mining Hashrate Increases Above 900,000,000,000,000,000,000x Per Second 🎁If you have made it this far, I would like to give you a little gift: Jeff Booth | AI, Bitcoin, & The Collapse Of The Fiat Economy What if the entire economy is built on a lie? Jeff Booth argues that our credit-based system fights the natural deflation of free markets through endless money manipulation, and why Bitcoin creates the first truly global free market. They explore how AI accelerates abundance, why most people are stuck in “Fiatland,” and how Bitcoin adoption will transform everything from housing to global power structures. In this episode: Why inflation isn’t natural — and what deflation really means How AI and Bitcoin together rewrite the rules of the economy The cultural divide between “Fiatland” and Bitcoin Why the Global South may leapfrog the West in Bitcoin adoption How to prepare for the transition to a Bitcoin economy Credit: I have used multiple sources! My savings account: Bitcoin The tool I recommend for setting up a Bitcoin savings plan: PocketBitcoin especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. Use the code SE3997 Get your Bitcoin out of exchanges. Save them on a hardware wallet, run your own node...be your own bank. Not your keys, not your coins. It's that simple. ⠀ ⠀ ⠀⠀ ⠀ ⠀⠀⠀ Do you think this post is helpful to you? If so, please share it and support my work with a zap. ▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃ ⭐ Many thanks⭐ Felipe - Bitcoin Friday! ▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃

View article → Latest weekly recap 🧡

Just use Nostr🧡💜 Study, learn, hodl, decouple. #bitcoin 🧡 ▃▃▃▃▃▃▃▃▃▃▃▃▃▃ My savings account: Bitcoin The tool I recommend for setting up a Bitcoin savings plan: @Relai 🇨🇭 🇨🇭 especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. Hence a DCA, Dollar cost Average Strategy. Check out my tutorial post (Instagram) & video (YouTube) for more info. ⠀⠀⠀⠀⠀⠀⠀⠀ Felipe - BitcoinFriday #zap 🧡 #nostr #BTC #Bitcoin #plebchain #grownostr #stacksats #bitcoineducation #adoption

Better late than never… the latest Weekly Recap🧡 🧠Quote(s) of the week: 'The main reason people don’t buy Bitcoin is because they don’t understand that money printing causes inflation, that inflation is time theft, and that time theft is slow murder. The main reason people are not buying Bitcoin is because they think they’re late: - You can’t be late to a perfect battery - It does not have a CEO or foundation - We’re at less than 1% global adoption - It’s the only asset that is decentralized' - Bitcoin for Freedom 🧡Bitcoin news🧡 Oranje🇳🇱 into the semi finals and Nostr is vibin'. 1st of July: ➡️'Bitcoin ATMs surge from 10K in Oct 2020 to over 38K globally, with continued growth expected.' -Bitcoin News ➡️More than 65% of all Bitcoin in circulation has been held for more than 1 year. 2nd of July: The German government! Their Industrial Production YoY plunges to -6.7% (est. -4.3%) and every nuclear power plant is shut down. So what is the stupidest thing to do? Sell your Bitcoin! German Government sends another 282 Bitcoin worth $18 million to exchanges. German parliament member Joana Cotar says the government selling Bitcoin is “not sensible.” Urges “holding BTC as a strategic reserve currency.” 3rd of July: ➡️ Trump sparks talks of Bitcoin as a strategic reserve asset. FORBES: “That game theory would only accelerate if the United States… were the first developed country to begin accumulating bitcoin as a strategic reserve asset. This decision would fast-track the global acceptance of Bitcoin as a long-term savings instrument and a form of digital gold. In this scenario, the United States would enjoy the greatest windfall in profit among OECD countries as a result of holding first-mover advantage.” Every nation will recognize Bitcoin as a strategic reserve asset. Some will be first...like El Salvador. ➡️The largest US Bitcoin miner Riot Platforms increased their hash rate by 50% in just one month. Currently, the world's largest Bitcoin mining facility is being built in Texas by Riot Platforms. 200 MW of the 1 GW total capacity is already operational. 5th of July: ➡️MT GOX has started Bitcoin repayments to creditors. 'MtGox distributions are considered a price risk for Bitcoin and indeed they are. But it's a one-time risk and if prices must drop to absorb supply (certainly possible) that supply will be transferred to much stronger hands. Once completed, supply risk is virtually eliminated.' ➡️'Celsius is going after over 5000 people who withdrew their money from Celsius within 90 days of their bankruptcy. Imagine withdrawing your funds from a crypto exchange that has been lying about their reserves and they declare bankruptcy days after you escaped. And now you’re being sued. All the more reason to withdraw sooner rather than later.' -Bitfinexed Just don't have your corn on centralized exchanges or services like Celcius. Once again: NOT YOUR KEYS, NOT YOUR COINS!🔑 ➡️El Salvador keeps buying one Bitcoin a day, undeterred. By purchasing Bitcoin I am confident that El Salvador will become one of the fastest developing countries thanks to deflation of their currency and having Bitcoin as their new national currency. ➡️'Bitcoin's all-time longest winning streak has just ended. 427 days without a 25% drawdown. Beat the 2012 record by 63 days. Pretty incredible run we've had and well overdue for a correction.' - Charles Edwards 💸Traditional Finance / Macro: 👉🏽 No news 🏦Banks: 👉🏽 🌎Macro/Geopolitics: On the 1st of July: 👉The yen's 12-year crash against the dollar continues. The Japanese currency buys half the amount of dollars it did in 2012. This is what currency collapse looks like. On the 2nd of July: (Picture 1) 👉WW1 and WW2 were discrete events with a defined goal. The main question is, what the actual fuck are they spending on? And it is not only in the US, put the deficits and debt bubble on a country like Germany or Europe in general and you would have a bigger problem. Wonder why the world has a problem? Government deficits relative to GDP are out of control. Regarding the spending problem: 'Annual US government spending reached a MASSIVE $6.5 trillion in May, just $1.1 trillion below the March 2021 record. The government's total outlays have DOUBLED in just a decade. To put this into perspective, this is more than the size of most world economies except the US and China. Meanwhile, the US budget deficit hit $1.7 trillion, or 6.2% of GDP over the last 12 months. In the past, such levels of spending have only occurred during major crises.' -TKL Meanwhile, Chair Powell says the U.S. deficit is better fixed sooner rather than later. 'The U.S. government deficit is unsustainable, Chair Powell said in Europe, while avoiding comment on fiscal policy, as usual. The subject arose as markets brace for the possibility of the same party controlling the Executive branch and both houses of Congress after the November election, a combination that investors typically see as an open door to higher spending. "The U.S. is running a very large deficit at a time when we are at full employment," Powell said. "This is something that should be a top-level issue" for elected officials. "In the longer run we will have to do something sooner or later and sooner would be better than later," he said.' Meanwhile, US debt increases by $109B in 1 day. Just to give you one more stat: It took 165 years for the US to accumulate its first $1 trillion of debt. Now, the US amasses $1 trillion in debt every 150 days. 👉'US manufacturing activity fell to 48.5 points in June, the third consecutive month of contraction. The latest reading of the ISM manufacturing PMI index missed expectations of 49.1 points. The decline has been primarily driven by contracting employment, production, and new orders. Overall, US manufacturing has shrunk in 19 of the last 20 months, the longest streak since the 2008 Financial Crisis. Is the economy slowing down?'- TKL 👉Eurozone core inflation unexpectedly sticky: Headline CPI slows to +2.5% in June from 2.6% in May, in line with forecasts. However, core inflation is at 2.9% – a notch higher than forecasted. Experts had expected it to cool to 2.8%. 👉Last week I already mentioned that Javier Milei slashed Argentina's annual inflation by 95% in just seven months. Monthly inflation has fallen from 25.5% to 4.2% since he took office. From a 1355% inflation rate to a surplus budget, his economic policies have transformed the economy. This week Argentina's President Milei says the nation will no longer print money: We are going to the zero issuance stage....what we aim for is that the broad monetary base does not vary." Inflation in Argentina was 64% in the first 4 months of 2024. Who could have guessed that cutting government spending and not printing was going to reduce inflation...Who could have guessed... Now don't get me wrong it is a great move by Milei but it's still only as good as the honesty of governments (always lying and always finding a reason to print more). That's why only money that CANNOT be debased matters. Bitcoin! 👉'With Biden 2.0 no longer an option, the Treasury has also stopped pretending and the US government jumped by $109 billion in one day - the biggest one-day increase since Oct '23 - to a record $34.831 trillion. And now the debt starts to really move again.' - Zerohedge Funny stat: 'Since Jan 1, 2000: 2 Money Supply (USD) has increased by an average of: - $81M PER HOUR - $1.9B/day - $700B/year $17T increase in 24yrs (8,948 days) THERE IS NO LIMIT TO HOW MUCH FIAT MONEY CENTRAL BANKS WILL CREATE.' -DenverBitcoin On the 3rd of July: 👉'Italy's real wage misery: inflation-adjusted wages in 2023 were 4.4% lower than in 1990. Even real wages in Greece performed a little better.' -Phillip Heimberger I wonder if this is a contributing factor to Meloni's win. Before joining the Eurozone Greece, Italy & Co. were staying competitive by continually devaluing their currencies. Now the only avenues left are reduction of real wages or productivity growth. 👉'Secured Overnight Financing Rate (SOFR) jumps to 5.4%, the highest level in history *The SOFR is the benchmark interest rate that measures the cost of borrowing cash overnight.' -CarlBMenger On the 5th of July: 👉'BOTH May and April jobs report numbers were just revised lower by a combined 111,000 jobs. The May jobs report was revised from 272,000 to 218,000 while the April jobs report was revised from 165,000 to 108,000. This means that 10 out of the last 15 monthly jobs reports have been revised lower. On a net basis, the US economy really only added 95,000 jobs this month. Meanwhile, the unemployment rate is now at 4.1% since December 2021. The labor market is slowing down rapidly. The US economy really only added a net 95,000 jobs in June... ...until that number is revised lower next month after all the headlines say the labor market is thriving. The labor market is declining.' - TKL Jobs look OK if the government just hires everyone. 41% of jobs added since 2019 were by the government burning taxpayer dollars. On the 6th of July: 👉'That‘s the most scary chart I have seen in a while. Unfunded pension entitlements in major European countries are between 300% and 500% of GDP. Mixed with collapsing demographics it’s a recipe for debt disaster.' - Michael A. Arouet (Picture 2) 🎁If you have made it this far I would like to give you a little gift: Is the Bitcoin Cycle Broken? With @therationalroot They discuss: - BitcoinSpiral Chart 3D & cycle alignment - ETF flows & supply dynamics - Liquid supply & the HODL model - Power law, S2F, & the price multiplier effect Credit: I have used multiple sources! My savings account: Bitcoin The tool I recommend for setting up a Bitcoin savings plan: @Relai 🇨🇭 especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. Hence a DCA, Dollar cost Average Strategy. Check out my tutorial post (Instagram) & video (YouTube) for more info.⠀⠀⠀⠀ Get your Bitcoin out of exchanges. Save them on a hardware wallet, run your own node...be your own bank. Not your keys, not your coins. It's that simple.⠀⠀⠀⠀⠀⠀⠀⠀ Do you think this post is helpful to you? If so, please share it and support my work with sats. #zap 🧡 #weeklyrecap #nostr #plebchain #BTC #Bitcoin #zap🧡 #plebchain #grownostr #stacksats #bitcoineducation #adoption

Happy Sunday! Plebs, whisky & meat!🧡 Felipe - BitcoinFriday #zap 🧡 #nostr #BTC #Bitcoin #plebchain #grownostr #stacksats #bitcoineducation #adoption

‘About 99.5% of all the Bitcoin in circulation is held in 16.5 million UTXOs that have a value of 1m sats or more. Most of the other 169 million UTXOs will likely become economically unspendable in the future assuming they aren’t consolidated into larger ones relatively soon.’ - @Wicked People please do some UTXO management and whilst doing that buy some sats. Bitcoin’s Unspent Transaction Outputs (UTXOs) can be classified into different segments based on their age. UTXO Management for Dummies: If everyone pays you in quarters you’ll have to lug around a big heavy bag. It’ll also cost you more time to spend as you have to count quarters when paying. So ask for $20s or $100s as payment, or change your quarters into bills from time to time. Now I can hear you say...wtf is a UTXO? A UTXO stands for unspent transaction output. Don’t worry about those unnecessarily complicated words. Just use “UTXO” and understand the concept of what it is… If you want to learn/study the topic:

What is a Bitcoin UTXO? – Bitcoin Guides

Credit picture: @Wicked Study, learn, hodl, decouple. #bitcoin 🧡 ▃▃▃▃▃▃▃▃▃▃▃▃▃▃ My savings account: Bitcoin The tool I recommend for setting up a Bitcoin savings plan: @Relai 🇨🇭 🇨🇭 especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. Hence a DCA, Dollar cost Average Strategy. Check out my tutorial post (Instagram) & video (YouTube) for more info. ⠀⠀⠀⠀⠀⠀⠀⠀ Felipe - BitcoinFriday #zap 🧡 #nostr #BTC #Bitcoin #plebchain #grownostr #stacksats #bitcoineducation #adoption

Noderunners🧡💜

🧠Quote(s) of the week: "Bitcoin is a strange game where the only winning move is to play." -Bitstein 'I’m prepared to lose everything over Bitcoin. Everything I have is riding on this one trade. If Bitcoin fails, I will be absolutely wrecked. It will take years to recover. I told myself a long time ago I’d rather lose everything than miss out on the most asymmetric opportunity of my lifetime. I bought the top in 2021. I purchased the bottom in 2022. I’m still buying now. I’m more allocated as a percentage of my portfolio to Bitcoin than I have ever been before. This may seem irresponsible as fuck but when you see the world through the Bitcoin lens it makes much more sense. It’s perfect math. I don’t know how many fully longed degenerate Bitcoin hodlers are out there riding this colossal Bitcoin wave with me but you’re all fucking legends in my book.' -The Bitcoin Therapist 🧡Bitcoin news🧡 9th of June: ➡️ Paraguay is earning more money selling its energy to Bitcoin miners than by selling it to Brazil. 'Paraguay to sell excess hydro-energy to miners as part of its new Economic Development strategy. Paraguay's Itaipu hydro-power station is one of the world's biggest, yet only 20% of the generated power is used.' - Bitcoin Archive 10th of June: ➡️ If we took the official inflation rate Bitcoin would have to hit $79,000 to reach a new all-time high. But we all know the real inflation is much higher. (Picture 1) ➡️ 'Canadian public company DeFi Technologies has adopted Bitcoin as its primary treasury reserve asset. It just bought 110 BTC.' - Bitcoin Magazine The game theory associated with putting Bitcoin on the balance sheet is starting to heat up. (more on that later on) Funny isn't it, a 'defi' company buying Bitcoin. No NFT, no Crapyto....Bitcoin. 'The three newest public companies to announce they have added Bitcoin to their balance sheets—Defi Technologies, Semler Scientific, and Metaplanet—are all up between 30-50% over the past 5 days' 11th of June: ➡️Last week I mentioned that Metaplanet directors authorized the purchase of an additional ¥250 million of Bitcoin. Now this week Metaplanet jumped 9.88% after announcing its third Bitcoin purchase. Call it conviction. 12th of June: ➡️Trump pushing Bitcoin as a tool for US Energy is an amazing turnaround. 2024-2028 is going to be insane. ➡️World's largest bank, ICBC, says "Bitcoin retains scarcity similar to gold and solves gold's divisibility and portability issues." ➡️Taunton Firefighters become the fourth union in the US to add Bitcoin to its balance sheet. 13th of June: ➡️Supply on exchanges fell to ~939K BTC, the lowest since 2021. ➡️ERCOT recommends (Senate Committee on Business and Commerce) that Bitcoin mining be integrated as a Controllable Load Resource to ensure grid reliability. '𝗘𝗫𝗣𝗟𝗔𝗡𝗔𝗧𝗜𝗢𝗡: ERCOT runs the power grid in Texas to make sure everyone gets electricity. Bitcoin miners can turn off their big power using mining machines quickly, which helps ERCOT manage the grid better during high demand. This helps ERCOT avoid blackouts, and Bitcoin miners get paid for helping and can save money on their operations.' -Explainbriefly I love the following @npub1trr5...hdpu quote: "Once politicians and tax authorities learn that other people are willing to *pay them* to stabilize their energy grids and expand electricity production and bootstrap green energy, it’s game over for mainstream Bitcoin mining denialism." ➡️Microstrategy is raising $500M through convertible senior notes to buy more Bitcoin. With over 214,400 BTC already, the company remains the largest publicly traded Bitcoin holder. ➡️'Australia’s largest bank just put the Bitcoin ETF [IBTC] onto its trading platform! Commonwealth Bank of Australia has 17 million customers!' - BitcoinArchive ➡️Biden’s SEC is suing Coinbase in federal court arguing it doesn’t have a right to exist as an exchange. At the same time, the Biden campaign is preparing to accept crypto donations via Coinbase. A freaking clown show! On the other side of the aisle. Trump had a dinner with Bitcoin mining executives. A few days later... check out the 15th of June. 14th of June: ➡️MicroStrategy increased its offering by $200m for a total of $700 MILLION to buy more. 15th of June: ➡️BIDEN ADMIN TO ATTEND BITCOIN ROUNDTABLE WITH KEY CONGRESSIONAL OFFICIALS IN DC ‘The primary objective of this meeting is to strategize on how to keep "Bitcoin and blockchain innovation in the United States.”’ - Dylan LeClair ➡️T-Mobile, partly owned by the German state and which owns T-Mobile US and Magenta, the world's largest telecom company with 3 times the footprint of Verizon and double the footprint of AT&T just announced that they are currently running Bitcoin nodes and they are planning to launch into Bitcoin mining. This has to be one of the most bullish news to come out of BTC Prague. ➡️Brazil's largest bank now offers Bitcoin trading to 60M customers via its Ion app! 17th of June: ➡️'We are currently 33 days into a Bitcoin miner capitulation, with the average duration over the past five years being 41 days. Miner addresses collectively hold a substantial treasury of 700,000 BTC, but their balance has decreased by 30,000 BTC since October. This period marks the longest distribution phase for miners since 2017, adding to headwinds. Despite this, the hash rate has only decreased by 12% from its peak as unprofitable miners continue to sell Bitcoin to sustain operations.' - James van Straten 💸Traditional Finance / Macro: 24th of May: 👉🏽 Magnificent 7 stocks have officially exceeded $15 trillion in combined market cap for the 1st time ever. The group's combined market cap now equals over 50% of US GDP. In just 2 months the Magnificent 7's value has surged by a whopping $2 trillion. The Magnificent 7 stocks have rallied by over 60% over the last 12 months compared to only a 20% gain in the other 493 S&P 500 stocks. Combined they reflect over a record 30% of the entire S&P 500. Big tech is getting even bigger. This is unsustainable and quite frankly it's the magnificent 1: NVIDIA. From the movie The Big Short: 'They call him chicken little, bubble boy!' 🏦Banks: 👉🏽No news 🌎Macro/Geopolitics: Let's start this segment with the following statement by Fed Chair Powell: 'Fed Chair Powell says the Fed does not have high confidence in their forecasts.' I mean who has...? They have like 1400 PhD at the office, but hey..what about forecasting? This is quite reassuring right? Monetary policy is just vibes right now. Ffs. On the 9th of June 👉🏽How expensive is the US national debt and how dangerous the US debt crisis has become? 'The average interest rate on $34.6 trillion of Treasury debt is now 3.2%, the highest since 2010. $5.9 trillion of the national debt is in Treasury Bills, with an average interest rate of 5.4%. Meanwhile, a record $9.3 trillion of national debt is going to mature within the next 12 months. Even if the Fed cuts rates by 1-2 times, this debt will have to be refinanced at much higher rates. All while annualized interest payments have already surpassed $1 trillion for the first time in history.' -TKL The federal government's current annualized interest payment expenditure stands at $1.025 trillion, slightly surpassing the annualized defense expenditure of $1.022 trillion. To make it even worse the US government expenditures as % of GDP just hit 43%, matching levels seen during the 2008 Financial Crisis. To put this into perspective, spending as a % of GDP is just 1% below World War 2 levels. Even at the peak of World War 1, US government spending as a % of GDP was 20 percentage points lower. From my point of view the US has reached the point of no return, no matter the outcome of the upcoming US election. It took 220 years for the U.S. to accumulate 11 trillion dollars in debt. This is the same amount of debt that the U.S. just added since 2020. Unsustainable. Why? 'In the first 8 months of Fiscal Year 2024, the US deficit hit a whopping $1.2 trillion, or $4.9 billion PER DAY. In May alone, deficit spending was $348 billion or $11.2 billion a day, according to the CBO. Over the last 12 months, the US deficit totaled $1.7 trillion equaling 6.2% of US GDP. Deficit spending as a % of GDP is above all previous recessionary levels except for the 2008 Financial Crisis, the 2020 pandemic, and World War 2. At the same time, government expenditures hit $6.5 trillion which is 23% of US GDP. The government is spending as if we are in a recession.' Unsustainable. (Picture 2) No political party will stop this. 👉🏽Bureau of Labor Statistics, making up numbers: Remember. Jobs are everything. 'The difference between the headline jobs number and the household survey hit 4.1 million in May, the largest difference in history. The household survey is important because workers are only counted once, even if they hold more than one job. This data shows that over the last 6 months, 1 MILLION Americans have become unemployed. The number of people working MULTIPLE jobs in the US hit a near-record of 8.4 MILLION in May 2024. Many Americans are now working multiple jobs in an effort to fight inflation.' -TKL On the 11th of June: M2 is now positive with rates at 5.5%. And rate cuts/QE/YCC are just a matter of time. The first-rate cut is already in place by the ECB, probably the Fed will do the same in the next two/three months. So why is M2 important, what should you take away from this all? M2 (money supply growing) + Debt growing = liquidity growing. More money (liquidity) means higher asset prices, but it also means more monetary inflation. Oh well, it's about to get really fun in the upcoming months. (Picture 3) 👉🏽'Sky News admits the official inflation data DOES NOT accurately reflect the HUGE increase in prices.' Great video:

X (formerly Twitter)

The Business of Ai 🤖 (@ArchieIntel) on X

JUST IN: Sky News admits the official inflation data DOES NOT accurately reflect the HUGE increase in prices.

James Lavish: 'Controlling party politicians and establishment economists will never outwardly admit it, but consumers are smart enough to know that prices have not just settled at levels far higher than just a few years ago but are *still rising*. What they tell you is that 'inflation is easing' or 'inflation is falling'. And what they show you is a highly manipulated index that *admits* a month-to-month or year-over-year measure. But never this, the ongoing impact to you, the consumer.' (Picture 4) On the 12th of June: US inflation falls to 3.3%, lower than expectations. On the 13th of June: Yellen: We are creating jobs at a very rapid pace. (Picture 5) The US lost 1.2 Million full-time jobs during the last 12 months, but government jobs are booming. Let’s celebrate this job wonder. On the 14th of June: Argentina's monthly inflation rate in May was the lowest since 2022, dropping for the fifth consecutive month to 4.2% amid an austerity drive by President Milei. The annual inflation rate has fallen from 133% in December to 40%. Wonder how? Cut government spending! Don't get me wrong I am not celebrating because this is a monthly inflation number. Now add that to the inflation from the past 10 years. And compound it. It is still off the charts. But hey... baby steps. Slash spending, balance budgets, and bring down taxes so the economy has more to work with. But apparently, that’s too complicated for most governments to figure out. On the 15th of June: 👉🏽'Institutions like the IMF keep wading into countries' debt problems by getting them into more debt. There are hardly any countries that went from "developing" to "developed" status over the past five decades. The global monetary system is structured to keep countries dependent.' (Picture 6) I have said it before and will say it again, especially after reading Alex Gladstein's great book & articles, the IM is just a modern-day colonizer. 👉🏽The cost of insuring against a French default (CDS price) has shot up by 16bps this week. The probability of default is priced at 3.5%. The cost of insuring France's debt against default and the risk premium investors demand to hold French government debt both reached their highest since 2022. 👉🏽 Canada bankrupted 532 companies. 𝗛𝗶𝗴𝗵𝗲𝘀𝘁 𝘀𝗶𝗻𝗰𝗲 𝘁𝗵𝗲 𝗚𝗹𝗼𝗯𝗮𝗹 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗖𝗿𝗶𝘀𝗶𝘀! Canada is a G7 nation. Cleaning the system I guess, low interest rates, and cheap money allowed a lot of businesses to get off the ground that simply were not viable long-term businesses...or is Canada the new Iceland with many millionaires with billions in debt 🎁If you have made it this far I would like to give you a little gift: The theme of this year’s Oslo Freedom Forum (OFF): Reclaim Democracy. Great article by Lyn Alden: 'Implications of Open Monetary and Information Networks' https://www.lynalden.com/open-networks/ TLDR: Open systems and you really should check out Nostr if you haven't already. Only invest in Bitcoin what you can’t afford to have gradually stolen from you by the government. Credit: I have used multiple sources! My savings account: Bitcoin The tool I recommend for setting up a Bitcoin savings plan: @Relai 🇨🇭 especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. Hence a DCA, Dollar cost Average Strategy. Check out my tutorial post (Instagram) & video (YouTube) for more info.⠀⠀⠀⠀ Get your Bitcoin out of exchanges. Save them on a hardware wallet, run your own node...be your own bank. Not your keys, not your coins. It's that simple.⠀⠀⠀⠀⠀⠀⠀⠀ Do you think this post is helpful to you? If so, please share it and support my work with sats. #zap 🧡 #weeklyrecap #nostr #plebchain #BTC #Bitcoin #zap🧡 #plebchain #grownostr #stacksats #bitcoineducation #adoption

Due to some personal stuff, No weekly recap this week.🧡 Study, learn, hodl, decouple. #bitcoin 🧡 ▃▃▃▃▃▃▃▃▃▃▃▃▃▃ My savings account: Bitcoin The tool I recommend for setting up a Bitcoin savings plan: @Relai 🇨🇭 🇨🇭 especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. Hence a DCA, Dollar cost Average Strategy. Check out my tutorial post (Instagram) & video (YouTube) for more info. ⠀⠀⠀⠀⠀⠀⠀⠀ Felipe - BitcoinFriday #zap 🧡 #nostr #BTC #Bitcoin #plebchain #grownostr #stacksats #bitcoineducation #adoption

🧠Quote(s) of the week: 'If you made $500.000 per day, every single day since the Great Pyramids were built, you would have less than half of what the US government has borrowed since June.' Although this quote is a bit outdated it is actually nuts when you contemplate it...perspective is nice when it comes to large numbers. Let me do the math for you: 4.700(years) * 365 (days/year) * 500.000$ (/day) = 857.750.000.000 - Less than a Trillion (barring the likely inaccuracy of our understanding of the Pyramids timeline) Which means you would still have less than 3% of what the US government has in total debt. No matter your thoughts on Bitcoin, think about those numbers for a minute and let that sink in. After that, you should probably buy some Bitcoin. 🧡Bitcoin news🧡 Before we start I want to share some deep knowledge: "Bitcoin didn't appear out of thin air - it is the result of decades of work. Many digital currency projects failed before they succeeded. Understanding how we got here will help you understand where we're going. Learn the history behind Bitcoin here:" - Jameson Lopp

Bitcoin Historical Resources

Historical resources leading up to Bitcoin and tracking its evolution.

16th of April: ➡️Bitcoin Core 27.0 released:

GitHub

bitcoin/doc/release-notes/release-notes-27.0.md at master · bitcoin/bitcoin

Bitcoin Core integration/staging tree. Contribute to bitcoin/bitcoin development by creating an account on GitHub.

TLDR: Bitcoin has now better privacy by default. An important and welcome change to Bitcoin core, by finally supporting encryption between nodes. This is a massive improvement. For the technical readers of the Weekly Recap, I would recommend to following article and podcast

Stephan Livera

SLP433 v2 P2P Transport Protocol for Bitcoin (BIP324)

Dhruv, Pieter Wuille and Tim Ruffing join me on the show to talk about their project to bring encryption to Bitcoin Core. We discuss: What the curr...

BIP 324: Version 2 P2P Encrypted Transport Protocol

Read BIPs like a pro.

➡️Google has opened a new office in El Salvador to support the country’s digital transformation and modernization of government services. Furthering President Bukele’s goal of turning the country into a tech hub. Bukele managed to lower crime, a growing economy, and higher foreign investment + more tourism. Eat that IMF ➡️BYBIT RESEARCH: "With only 2 million Bitcoin left, if we assume a daily inflow of $500 million to Bitcoin Spot ETFs, the equivalent of around 7,142 bitcoins will leave exchange reserves daily, suggesting that it will only take nine months to consume all of the remaining reserves." -Bitcoin News ➡️ "$400 Billion Banco Do Brasil holds BlackRock's Bitcoin ETF It is the BIGGEST financial institution in Latin America!"- Bitcoin Archive ➡️"Mr. 100" is an unknown entity known for buying 100 Bitcoin every day since Nov 2, 2022. They now hold 60.600 BTC (!) worth $3.8 Billion ($1.6 Billion in profit) Due to the size of the investment, many people speculate this is a nation-state buying Bitcoin. But who is it?" - Bram Kanstein Great thread:

X (formerly Twitter)

Bram Kanstein (@bramk) on X

"Mr. 100" is an unkown entity known for buying 100 #Bitcoin every day since Nov 2, 2022. They now hold 60.600 BTC (!) worth $3.8 Billion ($1.6 Bill...

I personally and I really do hope it is Brunei. They are mining Bitcoin and hopefully also buying Bitcoin. But probably it is an exchange. Some people say this is an exchange wallet by Upbit Global. 17th of April: ➡️'Hong Kong Bitcoin ETFs to start trading by 30th April and could bring in $25 billion: Matrixport and OSL reports.' -Radar ➡️Last week I wrote a bit on UFC lightweight Renato Moicano: "If you care about your country, read Ludwig Von Mises' 6 lessons of the Austrian Economic School motherf*ckers". He was referring to, it’s a series of six lectures Mises gave in Argentina in 1958, later combined into a book: “Economic Policy: Thoughts for Today and Tomorrow”. 'Fifty years after his death, Mises gets more downloads in three days than what 95% of living economists get in their entire lifetime. Regurgitating fiat propaganda may give you fiat jobs & titles, but pursuing truth gives you immortality.'- Saeifedean Ammous ➡️Blackrock spot Bitcoin ETF IBIT closing the $2.3B gap on Grayscale's GBTC in assets, could be ahead by month's end, according to Bloomberg Senior ETF Analyst Eric Balchunas ➡️ Now that the halving has passed us, and Bitcoin has become the hardest money in the world. Bitcoin’s most explosive gains are typically post-halving. Great chart from VanEck. (Picture 1) 18th of April: Just the IMF putting time, effort, and money into reporting on Bitcoin. They published a paper on Bitcoin cross-border flows, and here are three major takeaways: '1.) The study provides evidence that increased Bitcoin activity occurs as investors move away from risk assets and supports the findings of other studies that Bitcoin can be used to hedge global uncertainty.' 2.) The study concludes that people appear to be turning to Bitcoin to flee instability in their local economies and currencies and to circumvent capital controls. 3.) The findings highlight that Bitcoin flows are typically larger in emerging and developing markets, like Argentina and Venezuela, compared to advanced economies with sophisticated financial markets.' - Sam Callahan Source:

IMF

A Primer on Bitcoin Cross-Border Flows: Measurement and Drivers

The rapid growth of crypto assets raises important questions about their cross-border usage. To gain a better understanding of cross-border Bitcoin...

To sum it up the IMF just said : 1. Bitcoin is increasingly used as a hedge against risk 2. Bitcoin is used as freedom money in autocratic regimes 3. Bitcoin’s biggest use case is the global south to protect against currency debasement and financial instability Cope from the IMF? The IMF just realized that Bitcoin nullifies the need for their existence. For sure it is a surprising study, but I am not surprised by the outcome. ➡️Riot has started mining Bitcoin at its new Corsicana Texas facility. With a capacity of 1 GW, it is projected to be the biggest in the world.' - Pierre Rochard ➡️ Jamie Dimon says Bitcoin is a fraud and a Ponzi scheme. - JP Morgan funds hold Bitcoin - JPMorgan, His firm is an Authorized Participant (AP) for the BlackRock spot Bitcoin ETF and gets paid for trading “fraud”. ➡️Binance dumps over 16,000 Bitcoin to back up their SAFU fund with ~$1 billion USDC ➡️'When Nobel Peace Prize nominee Félix Maradiaga tells you that Bitcoin is truly a tool for freedom after discussing the egregious human rights violations carried out by the Ortega regime, you listen.'

X (formerly Twitter)

Bitcoin Policy Institute (@bitcoinpolicy) on X

When Nobel Peace Prize nominee @maradiaga tells you that #Bitcoin is truly a tool for freedom after discussing the egregious human rights violation...

Bitcoin serves as a tool to ensure human rights. Important for all world citizens, but especially for those living in Africa & South America. 19th - 20th of April: Now I can explain to you what the halving is, but I rather let some Bitcoin OG's do that: 'The Bitcoin halving is not a day to celebrate because the price will immediately go up (it probably won't) but because it's a quadrennial reminder that we now have a means of saving free of debasement and resistant to censorship. For that I'm thankful. Thank you, Satoshi' - Vijay Boyapati 'The Bitcoin halving is an anticipated event, one of those Bitcoin holidays that happen every once in a while. Along with Soft Fork Activation and various financial instrument introduction days, it's one of those not-quite-predictable days that occur every few years which give Bitcoiners reason to pay attention and mainstream media to speculate.'- Jimmy Song. 'Every node on the Bitcoin network divides the block height by a fixed issuance halving interval, 210,000 blocks. Rounding to the nearest whole number gives us how many halvings to apply to the 50 BTC initial per-block subsidy. Halvings are applied by "right shifting" the binary representation of the subsidy, where the last bit is dropped and a zero is prepended in front. Each right shift applied causes a halving of issuance.' - Pierre Rochard (picture 2) Andreas Antonopoulos explaining the halving: The halving block, block 840.000, had 37.6 Bitcoin worth of fees... It wasn't just blocked 840,000 that had high fees, over the next 5 blocks, we had fees of 4.486, 6.99, 16.068, 24.008, and 29.821 BTC respectively. The fees are the highest it's ever been. This situation in Bitcoin is unprecedented. If you want to know more on this topic (high fees - post halving) I highly recommend:

X (formerly Twitter)

Jimmy Song (송재준) (@jimmysong) on X

Halving Fee Chaos

➡️'In the first 60 blocks since the 4th Bitcoin halving, miners have collected 860.2 BTC in transaction fees alone. Equivalent to over $54m, this has already smashed the previous single-day all-time high transaction fees of $24m.' - Jameson Lopp 21st of April: 'In the 130 blocks post-halving, Bitcoin miners earned 1,675 BTC ($109 million) Of this, 75% (1,262 BTC worth $82 million) came from transaction fees. For context, miners received 1,349 BTC in fees from April 1 to April 19.' - Bitcoin News 💸Traditional Finance / Macro: 👉🏽 'US Treasury Bills now yield 4 TIMES more than the S&P 500's dividend, the most since the Dot-com bubble. Over the last 100 years, a multiple this high has only been seen ONE time. By comparison, even in the 2008 Financial Crisis, this metric peaked at ~3x. With interest rate cuts being priced out, we likely see interest rates on bonds continue to push higher. This will keep US T-Bill rates elevated and perhaps push this ratio to its 2000 highs. Yet another Dot-com bubble similarity.'- TKL 🏦Banks: 👉🏽no news 🌎Macro/Geopolitics: On the 16th of April: 👉🏽You are being told that we are in the greatest economy ever. Yet, every indicator shows we are in a terrible failing economy across the board, the US, Europe, etc. Stagflation is here and will only accelerate. Although this is just a graph/ratio, AI will surely save us, right guys? (Picture 3) We all know what followed, right? Populist leaders (please look around in your country) and a world war... “The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.” - Ernest Hemingway The US military is in a symbiotic relationship with the Dollar. If one part fails, it will drag the other down. Do understand that once Rome also spent more on 'defense' than others. Fiat currency is always about political faith. Always. (Picture 4) 👉🏽"The IMF has cut Germany's economic growth in 2024 to 0.2%, after projecting a 0.5% rise in its January forecast. Europe's biggest economy is predicted to have the weakest growth of all G7 industrialized nations for the current year. For 2025, the IMF revised German growth to 1.3% from the previous 1.6%. IMF said this is due to persistently weak consumer sentiment. In the long term, the IMF's main concerns for Germany are structural problems such as the decline in the working population and obstacles to investment." - Holger Zschaepitz I think the first time I spoke publicly on this matter was like three years ago. Germany is a slow-motion train wreck without cheap Russian natural gas. The green agenda isn't working, closing nuclear power plants isn't working...Europe's engine is on the ropes. Oh well, this is an IMF so-called forecast. 👉🏽'The average rate on a 30-year fixed mortgage in the US rises to 7.43%, a new 2024 high. We have not seen mortgage rates this high since early December 2023, when the Fed said rate cut talks were "premature." This means that the monthly mortgage payment on a $500,000 house with 20% down is now $3,500/month. The $3,500/month figure also does not include property taxes, insurance, or maintenance. Meanwhile, the median US home is now selling for a whopping $417,700.'- TKL I guess it is a great time to be a rental property owner. Yikes! This thought-provoking thread has a very counterintuitive, contrarian take:

X (formerly Twitter)

Vincent Deluard (@VincentDeluard) on X

Since 1980, the ratio of household net worth to the US median wage has increased by 370%. This is the single most important chart for finance, eco...

TLDR: 'This sums it up pretty well. Sound money helps slow the process, too. The fiat advent coupled with Keynesian asset inflation policies created a perfect storm. The rise of Chinese deflation exporting was the nail in the coffin because it made this reflexive.' -Nelson Alves On the 17th of April: 👉🏽'The US is expected to collect $2.9 trillion in tax receipts during FY2024 as of Q1. Government expenditures over that period are expected to be over $9.7 trillion. The thousands of dollars you remitted to TurboTax today won't cover even 1/3rd of US expenditures.'- Joe Consorti 👉🏽UK Inflation at 3.2% — the lowest in more than 2 years from a peak of 11.1% On the 18th of April: 👉🏽'Want to be in the top 1% in the United States? You now need a net worth of a whopping $5.8 MILLION. This is up 15% from the $5.0 million threshold seen just one year ago. The top 1% threshold in the US is only lower than Monaco, Luxembourg, and Switzerland. As equity markets and real estate prices have skyrocketed, the wealth gap is widening. Since 2020, the wealth of the top 1% in the US has risen by almost $15 trillion to a record $44.6 trillion. The rich are getting richer faster than ever before.' -TKL 👉🏽IMF Prepares Financial Revolution – Say Goodbye To The Dollar

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

The only thing I can say on this is: - I am not surprised - Please reject CBDCs with everything you have. The centralization of digital currencies will never work! - The IMF is not elected! Anyway, no need to panic whatsoever. The IMF probably goes before the dollar. The dollar is and will be the number one (fiat) currency of the world. On the 20th of April: 👉🏽'The Congressional Budget Office expects that about $20 trillion in net new federal debt will be issued over the next decade. As part of this, they assume 1) no recessions but also that 2) that interest rates will go down starting here in 2024. Otherwise, probably >$20 trillion.' Now go back to the top of this article and read the start quote. (Picture 5) 'Over the same next decade: At current production rates and prices, about $2.5 trillion in new refined gold will be created. Prices and supply rates could change. At current prices, about $70 billion in new bitcoin will be created. Prices could change, but not supply rates.' - Lyn Alden On top of that: 👉🏽'The U.S. has $4.4 Trillion annual revenue, prints $1 Trillion every 100 days and there is still somehow a need to vote for $100 Billion aid to countries on top of everything else. House approves aid for Ukraine, Israel, and Taiwan. House Rejects Border Security Bill. The U.S. doesn’t have a revenue problem, it has a government spending problem. 'A child born in 2024 in the U.S. is born with ~$85,000 debt. The median U.S. bank account balance is $8,000 and over half of the population has less than $500 in savings. So, printing $ Trillions and sending $100s of Billions abroad is not without consequences.' - Gabor Gurbacs Politicians celebrating sending another $60B to fund a foreign war. Perfect more DEBT! Context: $34.6 trillion in debt. 123% Debt to GDP Nearly a $3 trillion deficit this year. video: https://twitter.com/MDBitcoin/status/1781786149071032712 Separate money and state. To sum everything up from above: The US hasn’t generated a surplus consistently since the 1990s. The trend over the past 50 years has been: Larger and larger monthly deficits. Monthly surpluses are getting few and far between. That’s why the debt can only continue rising exponentially. Deficit is destiny. That means increasing the rate of debasement of the US$. 21st of April: 'Who is supposed to pay for pensions and healthcare entitlements in Italy in a few years? BTW, it’s a similar picture in Germany. Demographics is one of the main reasons why the US will be much better off than Europe as we go forward.' -Michael A. Arouet If I were 50 years old in Germany, Italy, and the Netherlands we are starting to see the same effect, I'd start wondering who will pay my state-funded pension. You need either economic growth, acceptance of high migration, or healthy demographics. Italy has none of the three. What will give?

X (formerly Twitter)

Michael A. Arouet (@MichaelAArouet) on X

Who is supposed to pay for pensions and healthcare entitlements in Italy in few years? BTW, it’s similar picture in Germany. Demographics is one...

Please click on the link and have a look at the graph. 🎁If you have made it this far I would like to give you a little gift: Lyn Alden's April newsletter is out. Well, worth your time to read this: https://www.lynalden.com/april-2024-newsletter/ Only invest in Bitcoin what you can’t afford to have gradually stolen from you by the government. Credit: I have used multiple sources! My savings account: Bitcoin The tool I recommend for setting up a Bitcoin savings plan: @Relai 🇨🇭 especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. Hence a DCA, Dollar cost Average Strategy. Check out my tutorial post (Instagram) & video (YouTube) for more info.⠀⠀⠀⠀ Get your Bitcoin out of exchanges. Save them on a hardware wallet, run your own node...be your own bank. Not your keys, not your coins. It's that simple.⠀⠀⠀⠀⠀⠀⠀⠀ Do you think this post is helpful to you? If so, please share it and support my work with sats. #zap 🧡 #weeklyrecap #nostr #plebchain #BTC #Bitcoin #zap🧡 #plebchain #grownostr #stacksats #bitcoineducation #adoption

🧠Quote(s) of the week: ‘When you understand Bitcoin there is no way back. You will look at the system in a whole new way. Your friends and family will think you’re crazy. Choose wisely.’ ― Bitcoin for Freedom "3 rules that are a cheat code for life: 1. Create value for others 2. Spend less than you earn 3. Save in Bitcoin" ― BTC Sessions 🧡Bitcoin news🧡 9th of April: ➡️Japanese firm Metaplanet buys ¥1B ($6.5M) of Bitcoin, mirroring MicroStrategy's strategy. The company's shares jumped 90% following the announcement. 11th of April: ➡️SEC to file lawsuit against defi crypto platform Uniswap - Reuters This is why Satoshi disappeared and made Bitcoin impervious to government attacks. 12th of April: ➡️IMF demands El Salvador change its Bitcoin law in return for a $1.4 billion loan. (please read the part on the IMF below -> segment Macro/geopolitics.) How I read this statement, the IMF is annoyed at the mere existence of Bitcoin. Basically, they are saying: Sell your 'hard' money and get indebted to us. ➡️"The more energy Bitcoin mining uses, the more emissions it can reduce 35 midsized venting landfills running Bitcoin mining is all it takes for Bitcoin mining to be the world's first emission-negative industry Achieved organically, without subsidy, without purchasing offsets." - Daniel Batten Could it be possible for Bitcoin to save the environment with its Proof-of-Work design and be the main player in the 'green' energy revolution? 13th of April: ➡️Paraguay Senate approves resolution to sell energy surplus to bitcoin miners, criticizes sale of energy to Brazil for 25% of what bitcoin mining generates, directs this energy to 20 new bitcoin mining companies instead. Remember Paraguay is a large hydroelectricity producer and Bitcoin could be the answer. I am pretty sure that Bitcoin will be the primary engine of prosperity in the 21st century. Countries like El Salvador, and Paraguay but also several countries in Africa will lead the way. 14th of April: ➡️UFC lightweight Renato Moicano: "If you care about your country, read Ludwig Von Mises' 6 lessons of the Austrian Economic School motherf*ckers". He also demanded his fight bonus in Bitcoin. He is referring to, it’s a series of six lectures Mises gave in Argentina in 1958, later combined into a book: “Economic Policy: Thoughts for Today and Tomorrow”: 1. Capitalism 2. Socialism 3. Interventionism 4. Inflation 5. Foreign Investment 6. Policies and Ideas Full read: https://cdn.mises.org/Economic%20Policy%20Thoughts%20for%20Today%20and%20Tomorrow_3.pdf ➡️The number of addresses holding more than 1 Bitcoin peaked in January 2024 at 1,024,484 and has fallen by 13,000 since. 15th of April: ➡️Norway became the first country in Europe to introduce regulations for data centers aimed at controlling which projects are permitted. Cites emissions, and energy consumption control. They state Bitcoin mining “is an example of a type of business we do not want in Norway” They are not going to ban mining. They want to force data centers to report to the government what kind of processes they are doing. Still bad though! Why, because it is misguided, ineffective, and futile. If electric cars = zero-emission... electric miners too. Are they going to ban or regulate EV cars too? Clown policy that will backfire badly for a country already going through a currency crisis and for a failing continent, Europe. Read the following thread by Daniel Batten.

X (formerly Twitter)

Daniel Batten (@DSBatten) on X

Norway Minister of Energy Terje Aasland just told the world he ❌doesn't understand energy, ❌doesn't understand Bitcoin, and ❌doesn't under...

Ergo: Politicians have no clue or are being paid to not understand things that benefit society/their people. ➡️Germany's biggest Federal bank LBBW to launch Bitcoin custody services to institutional customers. Bitcoin ETF news: "Weekly Bitcoin ETF Flows: IBIT +7,000 BTC FBTC + 1,300 BTC GBTC -11,000 BTC Net Flows - 1,100 BTC In a week of GBTC Sales, CPI freak outs and War fears, Bitcoin holds 67K and has slight outflows."- Thomas Fahrer On the 9th of April: ➡️The value of BlackRock’s Bitcoin holdings jumps to $18.9 Billion. ➡️Fidelity now holds 150K Bitcoin worth over $10 Billion. On the 11th of April: ➡️Asia ETF's - Hong Kong approving Bitcoin ETFs - South Korea will approve Bitcoin ETFs - Chinese fund managers launching Bitcoin ETFs US Bitcoin ETFs pushed the price from $38K to $73K. South Korea's pro-Bitcoin Democratic Party has won the national election to form a government. More than 6 million South Koreans — over 10% of the population own Bitcoin or crypto. DP: "We're going to allow the ETFs, domestic or overseas." ➡️GBTC sees the smallest outflow since the launch of the Bitcoin ETFs with just $17.5 million leaving the fund on the 11th of April. 15th of April: ➡️Hong Kong just approved the first batch of Bitcoin ETFs ➡️"Since launching on Jan 10, U.S. ETFs, even including all GBTC sales, have amassed 222,000 Bitcoin in just 65 trading days—that's 3,415 BTC daily! Now Hong Kong ETFs join the game, just as the weak hands have folded and miners have half as much to sell." - Thomas Fahrer 💸Traditional Finance / Macro: 👉🏽 'BlackRock is eating the world: Hits record $10.5tn in assets under management in Q1 2024, +15% YoY, boosted by $57bn of total net inflows to its investment products.' 👉🏽Here's a crazy stat that no one will believe. The universal investment benchmark is the 60/40 portfolio of stocks and bonds. What if you replaced the bonds entirely with gold....crazy right? Turns out it makes no real difference. (picture 2) Now wait till they do Bitcoin. 👉🏽This time is different: (picture 3) 🏦Banks: 👉🏽no news 🌎Macro/Geopolitics: On the 9th of April: 👉🏽"The EU must find ‘enormous amount’ of money to face global challenges, says former ECB chief Mario Draghi." Money Printer go brrrr to infinity…because 'Whatever it takes' - Draghi How? Print Confiscate Tax(visible) Tax (hidden) Government “Innovation”. 👉🏽Constant QE or default are the only ways out. And financial repression is the default, just in slow motion. (See picture 4) 'This assumes no recessions or geopolitical events for the next few decades. Japanese-style financial repression is the only way out of this mess. Or what other viable options are there?' 👉🏽"The federal budget deficit totaled $1.1 trillion in the first half of fiscal year 2024, CBO estimates" 'And yet, just over a month ago, the same CBO released their report projecting a $1.5T deficit for the entire year. At this rate, the deficit will be $2.2T, a 47% overshoot and even higher than the projected deficit in 2031.' - James Lavish The US spending is out of control and it's getting worse at an exponential rate. Within one month, they (CBO) posted a 47% overshoot on the largest budget in world history. The whole US budget, but also here in Europe, implodes around 2030 - 2035 at the latest. A new system will rise...the only question you need to ask yourself will it be Bitcoin or CBCD's? (Picture 5) On the 10th of April: 👉🏽March CPI inflation rate UP to 3.5% - Above expectations of 3.4%. - Cor inflation is 3.8%, also higher than expected rate of 3.7%. 3 straight years with inflation over 3% They said "Inflation is transitory" 'Inflation has not fallen in a single month since Biden's term began (the closest was July 2022 when it was unchanged), which leaves overall prices up over 19% since Bodenomics was unleashed. And prices have never been higher.'- Zerohedge This means that overall prices are up a whopping 19% in less than 4 years. We have not had a year-over-year inflation print below 3% in 36 consecutive months. Furthermore, inflation has been above the Fed's 2% target for 37 straight months. Inflation is now building on previous years of inflation; we effectively have compounding inflation. Everyone should be asking for a 20% raise. 👉🏽For the less informed. Price inflation at every fast food restaurant in the US has far exceeded CPI inflation since 2014. Prices at McDonald's have DOUBLED since 2014 while official inflation data shows just 31% inflation. Prices at Popeyes, Taco Bell, and Chipotle have risen by 86%, 81%, and 75%, respectively. Traditionally, fast food was considered to be a "cheap" food option. The CPI is a lie it’s manipulated to be lower than real inflation. 👉🏽On the same day, the US 10-year Treasuries had their worst day since May 2023, with yields surging after the one-two punch of a hot CPI and a bad auction. Peter Boockvar: "10-year auction was bad...Dealers were left with 24% of the auction, which is the most since Nov. 2022." 👉🏽China has been buying more gold than any other nation since 2020, with India in second place. Can we call this DeDollarization? (picture 6) More on China... 👉🏽"Following Moody's in December, Fitch Ratings revised the China debt outlook to negative from stable. China's pace of debt accumulation is very problematic. Public debt has more than doubled since the Great Financial Crisis and is heading to above 100% of GDP. More importantly, total debt has ballooned from 133% in 2008 to 272%(!) in 2022. It will have risen again in 2023. The current 10-year Chinese bond yield is at 2.29%, which is extremely low for a country that expects to grow by 5% annually. Coincidence? Of course not! China has the same debt sustainability issues as every other major economy, and rating agencies must act." - Jeroen Blokland On the 11th of April: 👉🏽IMF Prepares Financial Revolution – Say Goodbye To The Dollar

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

The only thing I can say on this is: - I am not surprised - Please reject CBDCs with everything you have. The centralization of digital currencies will never work! - The IMF is not elected! Anyway, no need to panic whatsoever. The IMF probably goes before the dollar. The dollar is and will be the number one (fiat) currency of the world. On the 12th of April: 👉🏽"Another strange sign that someone knows something: Gold is up ~20% over the last 5 months and has doubled the S&P 500's return. Meanwhile, bonds are down nearly 9% as interest rate cuts are priced out. Historically speaking, gold and bonds have almost always traded together. There is now a ~30% GAP between the performance of gold and bonds, one of the 5-month divergences largest on record. Gold is completely ignoring the fact that higher interest rates are here to stay while bonds are getting crushed." - TKL Central banks /countries are selling their debt portfolios and buying gold. That would be my take. The financialization of everything era is over. On the 15th of April: 👉🏽'The US credit card delinquency rates are now at their highest on record, according to the Philadelphia Fed. In Q4 2023, more credit card balances were 30+ and 60+ days past due compared to any other period in history. The percentage of credit card balances at least 30 days past due is now ~3.5%. Meanwhile, total credit card debt has skyrocketed in recent months and is now at a record $1.3 trillion. The average credit card interest rate is also at a record 28%, according to Forbes.' - TKL 🎁If you have made it this far I would like to give you a little gift: Warmaking has become increasingly unlimited in the fiat age, as financing has moved away from war taxes and war bonds and towards quiet borrowing This is a very well-documented essay and thread with data and statistic by @npub1trr5...hdpu :

Bitcoin Magazine

The Invisible Cost Of War In The Age Of Quantitative Easing

Through increasingly unscrupulous monetary policy, U.S. government officials mask the costs of war from the American public. Bitcoin could fix this.

Book tip: Read The Creature from Jekyll Island. Extra gift!🎁 Your wealth is melting—the first report by Joe Burnett is 37 pages exploring how humanity's relationship with wealth has changed after the discovery of Bitcoin. https://8198895.fs1.hubspotusercontent-na1.net/hubfs/8198895/PDFs/Your%20wealth%20is%20melting-1.pdf @npub1z5ds...mqhw Only invest in Bitcoin what you can’t afford to have gradually stolen from you by the government. Credit: I have used multiple sources! My savings account: Bitcoin The tool I recommend for setting up a Bitcoin savings plan: @Relai 🇨🇭 especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. Hence a DCA, Dollar cost Average Strategy. Check out my tutorial post (Instagram) & video (YouTube) for more info.⠀⠀⠀⠀ Get your Bitcoin out of exchanges. Save them on a hardware wallet, run your own node...be your own bank. Not your keys, not your coins. It's that simple.⠀⠀⠀⠀⠀⠀⠀⠀ Do you think this post is helpful to you? If so, please share it and support my work with sats. #zap 🧡 #weeklyrecap #nostr #plebchain #BTC #Bitcoin #zap🧡 #plebchain #grownostr #stacksats #bitcoineducation #adoption

Good morning Nostr💜🧡 Study, learn, hodl, decouple. #bitcoin 🧡 ▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃ My savings account: Bitcoin The tool I recommend for setting up a Bitcoin savings plan: @Relai 🇨🇭 🇨🇭 especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. Hence a DCA, Dollar cost Average Strategy. Check out my tutorial post (Instagram) & video (YouTube) for more info. ⠀⠀⠀⠀ Get your Bitcoin out of exchanges. Save them on a hardware wallet, run your own node...be your own bank. Not your keys, not your coins. It’s that simple.🎯 ⠀⠀⠀⠀⠀⠀⠀⠀ Do you think this post is helpful to you? If so, please share it and support my work with sats. 🧡 Felipe - BitcoinFriday #zap 🧡 #nostr #BTC #Bitcoin #plebchain #grownostr #stacksats #bitcoineducation #adoption

Great way to start the day.🧡 Study, learn, hodl, decouple. #bitcoin 🧡 ▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃ My savings account: Bitcoin The tool I recommend for setting up a Bitcoin savings plan: @Relai 🇨🇭 🇨🇭 especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. Hence a DCA, Dollar cost Average Strategy. Check out my tutorial post (Instagram) & video (YouTube) for more info. ⠀⠀⠀⠀ Get your Bitcoin out of exchanges. Save them on a hardware wallet, run your own node...be your own bank. Not your keys, not your coins. It’s that simple.🎯 ⠀⠀⠀⠀⠀⠀⠀⠀ Do you think this post is helpful to you? If so, please share it and support my work with sats. 🧡 Felipe - BitcoinFriday #zap 🧡 #nostr #BTC #Bitcoin #plebchain #grownostr #stacksats #bitcoineducation #adoption

🧠Quote(s) of the week: “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years. These nations have progressed through this sequence: From bondage to spiritual faith; From spiritual faith to great courage; From courage to liberty; From liberty to abundance; From abundance to selfishness; From selfishness to apathy; From apathy to dependence; From dependence back into bondage.” ― Alexander Fraser Tytler 🧡Bitcoin news🧡 ➡️On the 16th of March, we received the news that $88m leveraged Bitcoin positions were liquidated in 24 hours. Losing money in a bull market…REKT. ➡️"The first Bisq 2 beta release is now available. Interested? Watch http://bisq.network/bisq-2 and: 1. run Bisq 2; 2. trade with Bisq Easy (or lurk while others do); 3. give feedback in the new p2p group chat." - Bisq I always recommend Bisq as one of the primary peer-to-peer market on-ramps to Bitcoin (for the more advanced users). So I am very excited to see the roadmap and look forward to the development and use of version 2. (picture 4) ➡️"If Bitcoin was a country, it would rank somewhere between 10-20 in population size. Something tells me we're going to enter the top 10 very soon." - Sam Wouters (picture 2) Source:

River

How many people use Bitcoin? | River Learn - Bitcoin Basics

An estimated 1% of the global population uses Bitcoin today, we dive into how we measured this.

➡️The US government is still holding seized Bitcoin equivalent to ~1% of the total supply with a 2.4X unrealized profit. They haven’t sold any since July 2023 when Bitcoin was $30K. ➡️The Bitcoin network is projected to settle $17.5 trillion worth of BTC this year. ➡️Bitcoin Network Difficulty sets a new ALL-TIME HIGH of 83.95 T This is nearly double the reading from one year ago (43.55 T) The global competition to mine Bitcoin continues to heat up. ➡️New Record Bitcoin Hashrate 600,000,000,000,000,000,000x per second ➡️Wealth advisor platform Cetera just approved Bitcoin ETFs to be offered to clients. It has $475 billion in assets under administration and $190 billion in assets under management. ➡️ $7.2 trillion Vanguard CEO Tim Buckley says they're not going to offer spot Bitcoin ETFs "unless the asset class changes." "Bitcoin is just too volatile and it's not a store of value." ➡️“Mr. 100” bought 810 of the 900 newly mined Bitcoin on the 14th of March, so the ETFs had to find other willing sellers. ➡️On the 13th of March, we had the first $1B inflow day into the Bitcoin Bitcoin ETFs. Madness! And BlackRock's Bitcoin ETF total inflows overtook Grayscale's total outflows for the first time! You are simply not bullish enough. Really... you are not bullish enough:

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

➡️Last week I mentioned that VanECK announced they cut their management fee to ZERO until March 2025. Their Bitcoin ETF doing HUGE trading volume a day after.

X (formerly Twitter)

Bitcoin Archive (@BitcoinArchive) on X

BREAKING‼️ VanEck #Bitcoin ETF doing HUGE trading volume today cutting management fees to ZERO until March, 2025! 🫡@EricBalchunas

➡️"Blackrock Bitcoin Inflows 34.6K Last Week 31.4K The Week Before 34.3K The Week Before That Any wild guesses about how much they buy this week?" ➡️ El Salvador will be able to pay off the IMF if Bitcoin hits $100K, and never have to talk to them again. They’ll probably be the most attractive country in the world to go live in just because they embraced Bitcoin,” says billionaire Tim Draper. More news on El Salvador: El Salvador voted to drop their income tax from 30% to 0% for money transfers and international investments. Oh, by the way, El Salvador’s President, Nayib Bukele : “Your TAX money is NOT funding your government. Your government is funded by printing money out of thin air. So, if your central bank is printing money to fund the government, then WHY do we need to pay taxes?" Now to make things extra special... On the 15th of March, Nayib Bukele announced that they decided to transfer a big chunk of our Bitcoin to a cold wallet and store that cold wallet in a physical vault within our national territory. You can call it our first Bitcoin piggy bank. It's not much, but it's honest work.

X (formerly Twitter)

Nayib Bukele (@nayibbukele) on X

We've decided to transfer a big chunk of our #Bitcoin to a cold wallet, and store that cold wallet in a physical vault within our national territor...

Pretty incredible to see a President tweeting about Bitcoin nation-state self-custody. And what do plebs do? El Salvador released its Bitcoin cold wallet address & you psychopaths are sending donations. Classic. Just a thought...If El Salvador can be transparent with their reserves why can’t the United States government or the ECB/Central Banks? Why can’t we see the gold? ➡️El Salvador President Nayib Bukele says the country will purchase one Bitcoin every day until it becomes unaffordable with fiat currencies. ➡️ On the 12th of March @npub1sqzr...vk7v rolled out their lightning functionality within the app. 100,000 Relai users now have access to ultra-fast and cheap Bitcoin transactions. Why Lightning? "The Lightning Network has quickly emerged as the go-to scaling solution for the Bitcoin network. Not only is it great to use Bitcoin in everyday situations, such as paying for a cup of coffee or goods in a shop, but it’s also incredibly fast and much cheaper compared to on-chain transactions." Relai: "We do this by working closely with two amazing Bitcoin companies! One is our node and implementation provider, Blockstream. We use their Core Lightning implementation, which allows us to be flexible with other Lightning setups as well as using their node. Our second partner is Breez, with their SDK. This provides us access to a wide range of Lightning Service Providers (LSPs) and partners in the network." Just update your app. To use Lightning, you need to update to the latest version 2.8.1. Not using Relai at the moment? Download the app

Relai – Buy Bitcoin Today!

Buy Bitcoin (BTC) with Credit Card or Bank Transfer - Relai App

All you need to get started is to download our award winning Relai app, complete a simple verification and start buying with as little as 50 CHF/EUR.

use the code CRYPTOFRIDAY, and get a 0.5% fee reduction on your weekly/monthly Bitcoin purchases. ➡️Michael Saylor says Bitcoin is going to "eat" gold and has all the great attributes of gold. All the reasons why Bitcoin will demonetize Gold: "-Gold was the money of the analog world, and Bitcoin is the money of the Digital World, it is superior in every way for a digital age. -Precious metal markets have been highly manipulated for a long time. -Elastic Supply unlike Bitcoin's inelastic supply -Alleged rehypothecation of precious metal paper contracts (The paper price of Gold) artificially increasing supply. -Price action has been slow and tedious, with low gains for the last 10 years. -Much Harder to store and secure -Much Harder to Transport -Can be counterfeited in some circumstances -Unprogrammable -Centralised" ➡️Bitcoin’s allocation in investor portfolios is 3.7 times greater than that of gold, according to JP Morgan analysts. ➡️On the 11th of March, "Bitcoin just bumped silver to become the 8th most valuable asset in the world. All else held equal... at $105K, it jumps Saudi Aramco, at $137K, it enters the top 3, and at $153K, Bitcoin becomes the second most valuable asset in the world." - James Lavish ➡️The new Biden budget proposal plans to bring in more than $2.3 billion in the next five years by taxing bitcoin miners. Biden expects the Bitcoin mining industry to 10x in the United States over the next decade, this would imply a $6 million price target for Bitcoin. Even more bullish than the wash trading line item. American dynamism and energy abundance will make this possible! The 30% tax is just absurd. This must be stopped at all costs. First read the following tweet:

X (formerly Twitter)

Pierre Rochard (@BitcoinPierre) on X

Biden administration is proposing a 30% tax on electricity used by #bitcoin miners, even if you are off-grid using your own solar and wind generati...

Talking about Biden, check out their budget for fiscal year 2025 below, segment macro. ➡️In ~32 days, Bitcoin becomes the hardest asset known to man, with its supply growth rate dropping to half that of gold. This will be Bitcoin's biggest and most important Halving ever. Are you ready? ➡️Merryn Webb, a Senior Columnist at Bloomberg, REFUSES to interview Adam Back, one of the few people ACTUALLY cited in the Bitcoin whitepaper, simply because he has LASER EYES in his X (formerly Twitter) profile picture. Mainstream media at his finest! (picture 5) ➡️Just a reminder that the FTX bankruptcy estate has 58 million Solana tokens to sell, which is over 13% of the total Solana supply, or about 8.5 billion dollars in today's prices. ➡️The owner of the largest exhibition venue in the Middle East, Abu Dhabi’s ADNEC Group, is to launch the region's first Bitcoin MENA Conference set to take place December 9-10 2024. 💸Traditional Finance / Macro: What can you expect this week in the traditional financial market? Main highlight ahead: In the US, we have the Federal Reserve meeting and press conference with Fed Chair Powell. In the UK, we have the Bank of England meeting and CPI data, and in Europe, the latest ZEW surveys and several ECB speakers. In Asia we start the week with a key policy meeting at the Bank of Japan, more central bank meetings in Indonesia, Taiwan, and Australia, and monthly activity data for China. 🏦Banks: 👉🏽Powell: ‘There will be bank failures’ caused by commercial real estate losses But not the really big banks, he promises, those will be fine.' https://thehill.com/business/4516758-powell-there-will-be-bank-failures-caused-by-commercial-real-estate-losses/ 🌎Macro/Geopolitics: 👉🏽"BIDEN UNVEILS $7.3 TRILLION BUDGET FOR FISCAL YEAR 2025, THE BIDEN BUDGET SEES US DEBT HITTING $45 TRILLION IN A DECADE" was the headline. Just absurd, that the Biden administration thinks that the US DEBT will hit $45 trillion in a decade. None of their models now or in the past, and recent years came through. We're at nearly $35 trillion now with a new trillion added every 100 days. You know what is even more absurd and I quote Brian Sullivan: "DC strategist email note this morning lays it out well. The budget deficit will grow another $16 TRILLION over the next 10 years. That *with* the proposed massive tax hikes. Without them, the deficit will grow by $19 trillion. That's why you will hear the "deficit is being reduced by $3 trillion" over the decade. No family budget or business could exist with this kind of math." Balaji: "Linear extrapolation gives $50 trillion. Exponential is more like $70 trillion. And Bitcoin remains at 21 million." (picture 3) Source:

Federal Debt: Total Public Debt

Graph and download economic data for Federal Debt: Total Public Debt (GFDEBTN) from Q1 1966 to Q4 2025 about public, debt, federal, government, and...

Oh, just to make things worse, it took 63% of all personal income taxes in Feb to pay the interest on the debt - no roads, no military, no schools, no social security - JUST INTEREST. 👉🏽On the 12th of March US CPI came in. The 'hot' CPI prints show that headline inflation is sticky around the 3% level. "On a 3-month annualized basis, Supercore inflation jumped a whopping 6.9% in February. Core services less shelter inflation is a key metric that the Fed follows, also known as Supercore inflation. In January, this metric jumped by 0.7% month-over-month, the biggest jump since September 2022. In February, it was up another 0.5% month-over-month after multiple increases in 2023. All while real wage growth is turning negative again. In general February CPI inflation rate RISES to 3.2%, above expectations of 3.1%. Core CPI inflation fell to 3.8%, ABOVE expectations of 3.7%. This is the 35th consecutive month with inflation above 3% and the second straight increase. The fight against inflation is far from over." -TKL 👉🏽"Prediction markets are officially expecting LESS than 3 interest rate cuts in 2024. After CPI inflation increased for the 2nd straight month, prediction markets saw 65 bps of rate cuts in 2024, according to Kahlsi. This is equivalent to ~2.6 rate cuts and down SHARPLY from 6 rate cuts seen just 2 months ago. It's also the first time this year that markets see LESS rate cuts than Fed guidance. Core inflation is still at 3.8%, nearly DOUBLE the Fed's long-term target. Could we see ZERO rate cuts in 2024?" -TKL Still up only, especially in a year when we have a presidential election in the US. Do you want to know more about the rates bit, please read the following tweet by Luke Gromen:

X (formerly Twitter)

Luke Gromen (@LukeGromen) on X

Fed screwed up by not letting inflation run "Higher 4 Longer" in 2022 to get debt/GDP back to 70-80% before hiking, b/c rate hikes on debt/GDP of 1...

👉🏽"For the first time in history, interest payments on non-mortgage debt in the US are equivalent to interest on mortgage debt, at $575 billion. Exactly 3 years ago, interest on non-mortgage debt was at $250 billion. This marks a 130% increase in household interest expense on non-mortgage items over just 3 years. Furthermore, 3 years ago interest on non-mortgage debt was HALF of interest on mortgage debt. Americans are "fighting" inflation with high interest-rate debt. 36% of US adults have more credit card debt than money in a savings account. Also, the average American household owes $7,951 in credit card debt. As rates rise, the pain of this debt is getting even worse. How is this sustainable?" - TKL 👉🏽"ECB plans to roll out digital Euro CBDC starting in 2025. They claim it’ll be “private,” but it will not be, given Lagarde already wants to throw you in jail for a 1000+ euro anonymous cash payment. Study Bitcoin & opt out of this totalitarian surveillance token." -WalkerAmerica https://www.ecb.europa.eu/press/key/date/2024/html/ecb.sp240313~f632c531ac.en.pdf?c399660b02271b5ec70ef86e839a8c64 👉🏽"KPMG study among the 350 CFOs of the largest German subsidiaries of international groups shows that there is record-high skepticism with respect to Germany as an investment destination Foreign investors are pessimistic and the attractiveness of the country is at risk: 46% of respondents believe that other countries and regions are growing faster than Germany and intend to prioritize investments there in the next five years Energy transition, digitalization, upgrades, and infrastructure have opened up great business opportunities for international companies, but all location factors are deteriorating with increasing momentum." - Nikolay Kolarov In the past year, I have spoken on the deindustrialization of Germany multiple times. Everyone is aware of German deindustrialization by now, unfortunately, industrial production in other major European countries is not looking much better. (picture 6) (picture 7) 👉🏽Goldman points out that the Turkish central bank is about to lose control as "FX position deteriorates sharply". Is the Turkish lira on the verge of terminal collapse? 🎁If you have made it this far I would like to give you a little gift: Another great What Bitcoin Did podcast. The Perfect Bitcoin Allocation with Raphael Zagury - Bitcoin vs real estate - How ETFs changed everything - Valuing Bitcoin - The best portfolio allocation Anyway, that's it for today. Only invest in Bitcoin what you can’t afford to have gradually stolen from you by the government. Credit: I have used multiple sources! My savings account: Bitcoin The tool I recommend for setting up a Bitcoin savings plan: @Relai 🇨🇭 especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. Hence a DCA, Dollar cost Average Strategy. Check out my tutorial post (Instagram) & video (YouTube) for more info. ⠀⠀⠀⠀ Get your Bitcoin out of exchanges. Save them on a hardware wallet, run your own node...be your own bank. Not your keys, not your coins. It's that simple. ⠀⠀⠀⠀⠀⠀⠀⠀ Do you think this post is helpful to you? If so, please share it and support my work with sats. #zap 🧡 #weeklyrecap #nostr #plebchain #BTC #Bitcoin #zap🧡 #plebchain #grownostr #stacksats #bitcoineducation #adoption

The demand for Bitcoin is outpacing every other ETF, and it’s the only one with a fixed supply. You do the math! It is just freaking basic math anon! Study, learn, hodl, decouple. #bitcoin 🧡 ▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃ My savings account: Bitcoin The tool I recommend for setting up a Bitcoin savings plan: @Relai 🇨🇭 🇨🇭 especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. Hence a DCA, Dollar cost Average Strategy. Check out my tutorial post (Instagram) & video (YouTube) for more info. ⠀⠀⠀⠀ Get your Bitcoin out of exchanges. Save them on a hardware wallet, run your own node...be your own bank. Not your keys, not your coins. It’s that simple.🎯 ⠀⠀⠀⠀⠀⠀⠀⠀ Do you think this post is helpful to you? If so, please share it and support my work with sats. 🧡 Felipe - BitcoinFriday #zap 🧡 #nostr #BTC #Bitcoin #plebchain #grownostr #stacksats #bitcoineducation #adoption #supply&demand

At the Bitcoin conference 23’in Amsterdam, I had the pleasure of having a chat with an old chap called Bert. It was his second time at the conference. He had a spot at the expo area with his mobile espresso bar. I showed him the beauty of Bitcoin and insisted on paying for a coffee with Bitcoin. After that, a quick demonstration of Breeze and he received his first 'coffee' sats. Now fast forward to the beginning of 2024. I met him in Amsterdam, at his 'normal' spot at the entrance of the Vondelpark, near Vondelchurch.

First Coffee - BTC Map - Merchant

Easily find places to spend sats anywhere on the planet.

I helped him to set up Breeze - items and had a nice chai latte. Unfortunately, people didn't know that you can pay for your coffee with Bitcoin/sats. No problem, after our appointment, I sent him some stickers. Look at the result. So please plebs...if you are visiting Amsterdam. Check out the Vondelpark ,and whilst doing that, get yourself a coffee at First Coffee and drop some sats. Study, learn, hodl, decouple. #bitcoin 🧡 ▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃ My savings account: Bitcoin The tool I recommend for setting up a Bitcoin savings plan: @Relai 🇨🇭 🇨🇭 especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. Hence a DCA, Dollar cost Average Strategy. Check out my tutorial post (Instagram) & video (YouTube) for more info. ⠀⠀⠀⠀ Get your Bitcoin out of exchanges. Save them on a hardware wallet, run your own node...be your own bank. Not your keys, not your coins. It’s that simple.🎯 ⠀⠀⠀⠀⠀⠀⠀⠀ Do you think this post is helpful to you? If so, please share it and support my work with sats. 🧡 Felipe - BitcoinFriday #zap 🧡 #nostr #BTC #Bitcoin #plebchain #grownostr #stacksats #bitcoineducation #adoption #🍊💊 #orangepilled

🧠Quote(s) of the week: "Imagine working 9-5 for 50 years then The Fed prints 40% of the total money supply and inflates away 20 years of your work."- BTCforFreedom "Freedom of speech becomes impossible through the incentives of manipulated money! (regardless of who benefits from said manipulation tells you) #Bitcoin Stealing productivity gains (via inflation) that should flow to society in the form of lower prices is the root cause." -Jeff Booth "In the coming bull run, just about everybody in "crypto" will take credit and revel in the price of Bitcoin. They'll try to trick you by showing you this "other" coin that will do the same thing. This is called affinity scamming, and there are a lot of people who have positioned themselves over the last 4 years to do exactly that. Save yourself the heartache and go Bitcoin only." - Jimmy Song 🧡Bitcoin news🧡 ➡️After seven weeks, Bitcoin falls below $40k and…. no one cares just keep stacking. Now what is the reason why Bitcoin is dropping? ➡️According to reports from CoinDesk, it appears that up to 1/2 of the $2B in GBTC outflows were from FTX liquidating their 22 million shares. In addition, FTX's sister hedge fund Alameda Research voluntarily drops its lawsuit against Grayscale Investments on the 22nd of january. Ergo, blame FTX...again! "It looks like the majority of Greyscale's (GBTC) outflows were not due to its higher fees, but rather due to a legal obligation of bankrupt FTX to liquidate its holdings. I'll say it again. I suspect with most FTX redemptions out of the way, GBTC outflows will come to a trickle by the end of the month, retaining their kingship of the spot Bitcoin ETF space by an enormous margin." -Oliver L. Velez (picture 3) ➡️BlackRock & Fidelity now hold more than 64,000 Bitcoin worth ~$2.6b. They're buying $433m Bitcoin every day on average. in total 9 Bitcoin ETFs now hold +95,000 Bitcoin worth ~$4 Billion. Bitcoin ETFs had $17.2b in trading volume in just 6 days. ➡️Bitcoin hits new sustainable energy high of 54.5%, the highest of any global industry: "Sustainable energy use for Bitcoin (BTC) mining reached an all-time high of 54.5% in 2023, a 3.6% increase throughout the calendar year. The analysis, conducted by The Bitcoin ESG Forecast, compared Bitcoin’s sustainable energy mix to other industries using publicly available data over the past four years. Furthermore, the industry has made notable progress in increasing its reliance on sustainable energy sources, surpassing other global sectors." The results indicate that Bitcoin mining currently ranks as the largest consumer of sustainable energy among subsectors. (picture 2) ➡️https://twitter.com/LNMarkets/status/1749387083620257990 LN Markets is killing it! Great volume, incredible achievement! ➡️Bitcoin has been open for 99.99% of the time over the last 15 years. ➡️In full-on dumping mode, Bitcoin miners sold over 10,000 BTC alone on January 17. It marked the biggest daily decline in miner reserves in over 12 months. Bitcoin miner reserves are at their lowest levels since July 2021. ➡️Bitcoin Whale sells 59K $BTC, purchased 3-6 months ago at an average price of $26K. This could be anyone...profit taking by any major party such as BlackRock etc. as they speculate on the selling of GBTC. (grayscale) ➡️Bitcoin hash rate hits an all-time high of 500 exahashes. ➡️Bitcoin network difficulty drops -3.90%, the largest negative correction since December 5, 2022, amid curtailments of Texas miners due to extreme cold conditions in the Lone Star State. ➡️ Another leak, now at Trezor. On January 17th, 2024, there was unauthorized access to their third-party support ticketing portal. The security incident has implications for customers who have interacted with Trezor Support since December 2021. Based on the ongoing investigation of the incident and the communication with the third-party service provider there is a potential that the contact details of up to 66000 users, customers who have interacted with Trezor Support since December 2021, may have been accessed. TLDR: Of course, this can happen to everyone. But for the love of god start using Bitcoin-only hardware wallets. Blockstream Jade Bitbox 02 - Bitcoin only Foundation Passport ➡️Over $24 billion worth of cryptocurrency was received by illicit addresses in 2023 accounting for 0.34% of all transaction volume, Chainalysis has been estimated. Now ask yourself, why do we need new AML/Money laundering rules and laws, like for example MiCAR or the new anti-crypto law by Senator Warren? 2-5% of traditional finance is estimated to be used for illicit transactions according to the UN. It's the fiat system that facilitates corruption... ➡️$2 Billion of dormant Bitcoin was moved for the first time since 2019. It had only moved once since 2013. - Arkham Intel ➡️Great tweet by Daniel Batten. "By investing in Bitcoin you support: 1. The profitability of renewable energy. https://news.cornell.edu/stories/2023/11/bitcoin-could-support-renewable-energy-development… 2. the mitigation of methane, our #1 lever to slow climate change. https://planb.lugano.ch/why-bitcoin-is-the-worlds-best-esg-asset/… 3. The world's least emission-intensive financial instrument. ➡️HODLers are not selling The HODL Waves chart shows the amount of Bitcoin held for different periods. Long-term holders (see blue arrows - 1yr+ & 6mo+) have NOT sold any BTC to ETFs (picture 1) 💸Traditional Finance / Macro: 👉🏽The S&P 500 has officially hit a new all-time high for the first time in 2 years. All 3 major market indices are now in all-time high territory. An all-time high in fiat terms...in BTC...oh well, just have a look at the picture. (picture4) The S&P 500 is now 11% higher than where it was when the Fed started hiking rates in March 2022. Serious disconnect between the traditional financial markets and the economy. "Owning an SP500 fund is no different from holding a tech ETF. The top 7 components are all tech companies and represent 26% of its holdings. SPX should no longer be viewed as a diversification instrument. It’s no longer spreading risk across 500 companies to protect you." 🏦Banks: 👉🏽

X (formerly Twitter)

Joe Consorti (@JoeConsorti) on X

This is insane. The Fed is going to force banks to tap its Discount Window for emergency loans, even if they don't need one. It is aimed to "redu...

Powell & Co. are planning to FORCE all banks to utilize emergency credit so that the market can’t tell safe banks from distressed banks. For me, the above tweet and the ramifications of that FED rule are yet another sign of the upcoming (necessary event) collapse/recession. They, the FED, did a similar thing in 2007. In the end, the banking industry is set to consolidate. (picture 5 cash banks) 🌎Macro/Geopolitics: "The Fed's cumulative losses are nearly $140 billion now, and continuing to grow. It doesn't really affect the Fed, but it adds to the fiscal deficit. The Fed used to be a profit source for the Treasury. Now, its operating losses keep digging it into a hole, so no profits flow to the Treasury. The Fed has to once again turn profitable and pay back its cumulative losses before it would resume sending profits to the Treasury".- Lyn Alden (foto) Meanwhile, the U.S. National Debt has crossed $34 trillion. That’s $102,719 for every single person in America. 👉🏽When asked what is the purpose of his trip to Davos, Javier Milei responds: "Planting the ideas of freedom in a Forum that is contaminated by the Socialist Agenda 2030 will only bring misery to the world." "As we kick off 2024, the US has already added another ~$200 billion in Federal debt over the last 3 weeks. This puts annual interest expense on track to hit $1.05 trillion. To put this in perspective, annual interest expense was less than $500 billion just TWO YEARS ago. As interest rates rise and deficit spending soars, interest expense is becoming one of our largest costs." - TKL Ergo: Kicking the can down the road...as usual. With trillions of dollars of debt set to mature in the next 12 months, along with $2 trillion-plus of deficit spending likely for fiscal year 2024, and with the trough of the yield curve now the 5-yr UST bond at 4.04%, interest expense is likely to go much higher. 👉🏽"For 1st time in almost 30 years, China’s GDP in $ fell in 2023 to about $17.5trn, while U.S. gdp rise 6% to about $27trn. The gap widened by about $2trn. And China’s share of world GDP slipped to just under 17%. China's real GDP is now further below its pre-COVID trend than after the 2008 crisis. China will inevitably export its weak domestic demand to the rest of the world via rising current account surpluses and deflation." China is contemplating issuing 1 trillion yuan ($139 billion) in new debt through a special sovereign bond plan, marking only the fourth such sale in 26 years The Middle Kingdom appears to be warming up the money printer. Talking about liquidity: 👉🏽"Money market funds just saw $182 billion of inflows in the first 2 weeks of 2024. This is the biggest 2-week inflow ever recorded to start a year. This brings the total assets held by money market funds up to a record $6 trillion. Since the Fed began raising rates in March 2022, over $1.5 trillion has gone into money market funds. Now for the trillion-dollar question. Where does all this capital go once the Fed starts cutting rates?" - TKL Maybe we can find the answer in the following statement: 👉🏽The top 0.1% (132,000 households) have a combined net worth of $20 trillion. The bottom 50% (66,000,000 households) have a combined net worth of $3.6 trillion. The wealth gap keeps widening to ever more extremes with each intervention cycle. https://twitter.com/NorthmanTrader/status/1747257006497706458 👉🏽

X (formerly Twitter)

Dylan LeClair (@DylanLeClair) on X

The contrasting forces of exponential technological advancement against perpetual monetary expansion. Anything the government touches through sub...

Bingo: Opt Out Bitcoin The world has now access to the hardest assets in human history. 👉🏽

X (formerly Twitter)

Holger Zschaepitz (@Schuldensuehner) on X

Why #Germany is rich but Germans are poor and angry. Germany’s grossly unequal distribution of wealth is contributing to the country’s malaise....

"Why Germany is rich but Germans are poor and angry. Germany’s grossly unequal distribution of wealth is contributing to the country’s malaise. The median household in Germany has just €107k of net assets, while the wealthiest 10% have at least €725k. Reconciling the Free Democrats’ anti-borrowing philosophy w/Social Democrats’ commitment to welfare spending & the Greens’ determination to promote decarbonization has led to bickering & compromises that satisfy almost nobody." - Holger Zschaepitz https://www.bloomberg.com/opinion/articles/2024-01-15/why-germany-is-rich-but-germans-are-poor-and-angry 🎁If you have made it this far I would like to give you a little gift: "The focus on security and decentralization is largely what makes Bitcoin different from other cryptocurrency networks"..."Bitcoin is competing in the global marketplace of monies." Good article for people who don't understand investing in Bitcoin: https://www.lynalden.com/bitcoin-network-health/ Free knowledge! Credit: I have used multiple sources! My savings account: Bitcoin The tool I recommend for setting up a Bitcoin savings plan: @Relai 🇨🇭 especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. Hence a DCA, Dollar cost Average Strategy. Check out my tutorial post (Instagram) & video (YouTube) for more info. ⠀⠀⠀⠀ Get your Bitcoin out of exchanges. Save them on a hardware wallet, run your own node...be your own bank. Not your keys, not your coins. It's that simple. ⠀⠀⠀⠀⠀⠀⠀⠀ Do you think this post is helpful to you? If so, please share it and support my work with sats. #zap 🧡 #weeklyrecap #nostr #plebchain #BTC #Bitcoin #zap🧡 #plebchain #grownostr #stacksats #bitcoineducation #adoption

🧠Quote(s) of the week: "The 2020s decade is shaping up to challenge a lot of worldviews on money and energy. Like, if someone is wrong in their view about the properties of money or energy, the consequences for that will be big. This is true both on the personal level and national level. During times of abundance, worldviews don’t get tested very strongly and people are shielded from the consequences of being inaccurate. It’s during times of scarcity that reality reasserts itself and filters out the workable from the unworkable worldviews. To avoid being caught offsides as an investor, policymaker, or just in your own life, researching money and energy, and frequently re-assessing your own beliefs and understandings on those subjects, will be important. There's always more to learn." - Lyn Alden 🧡Bitcoin news🧡 See picture ECB down below. Schnabel is categorically wrong. If she thinks Bitcoin doesn't fulfill the characteristics of money, either she doesn't understand Bitcoin, or she doesn't understand money, or, and that's even worse, she doesn't understand either one of them. The EURO will lose purchasing power against Bitcoin. I love how based community notes are and how the ECB got slapped in the face with this note for lying about their CBCD. Bitcoin is people's money! ➡️The following tweet by Peter Mccormack can be placed on every EU - global regulations tyranny: "State of UK regulations - If you want to buy Bitcoin you have to answer a massive list of questions on any exchange you want to use and potentially be rejected. If you want to bet on any sports, you can download hundreds of apps and start betting immediately." Opt out and buy your Bitcoin on platforms like Relai, Peach Bitcoin, 21 Bitcoinapp, Bisq, and Robosats. ➡️Last week I already shared some staggering stats regarding Bitcoin mining. If you haven't read last week's Weekly Recap, I highly recommend the Bitcoin segment of that blog post. More on Bitcoin mining: "61.5% of all Bitcoin mining companies use sustainable energy. Overall sustainability stat is lower (still >50%). Even so, this is a startling statistic. I've not seen numbers this high in any industry." - Daniel Batten (foto) ➡️"New all-time high: off-grid Bitcoin mining reaches 30% of total hashrate. Cambridge does not measure off-grid mining, resulting in an underestimate of total Bitcoin sustainable energy use. The BEEST model measures both on-grid and off-grid mining" Daniel Batten Source:

BEEST (Bitcoin Energy & Emissions Sustainability Tracker) – Batcoinz

➡️"Bitcoin emission intensity (emissions per unit of power) is now 269.6 g/kWh. Emission intensity comparison (g/kWh) Bitcoin: 269.6 Banking services/fiat: 464 Gold: 679 TLDR: increasing evidence Bitcoin is not only the soundest money, but it's also the greenest" - Daniel Batten ➡️ "only needs to rise 13% to $52,868 for MicroStrategy's holdings to reach a valuation of $10 billion" - BitcoinNews ➡️ Bitcoin setting new ALL-TIME HIGHS in: - Turkey - Argentina - Egypt - Lebanon ➡️Now for the people who want to know more information on the Bitcoin ETF, read the following bit. I am not going to share the shitshow at the SEC about how their Twitter account got hacked. Nor am I going to share the news that the ETFs went live. By now everyone has read or heard that. To sum it up: - SEC fumbles the announcement, validating government incompetence. - Money managers (Vanguard, Merrill Lynch) blocking people from buying ETFs, proving that trusting your money with trusted 3rd parties is a risk. "Vanguard issues a statement: “Spot Bitcoin ETFs will not be available for purchase on the Vanguard platform. Our perspective is that these products do not align with our offer focused on asset classes such as equities, bonds, and cash, which Vanguard views as the building blocks of a well-balanced, long-term investment portfolio. Vanguard CEO, Tim Buckley adds on why he doesn’t believe Bitcoin should be in his client’s portfolios. - No intrinsic value - No cash flow - No long-term potential" Imagine steering clients away from Bitcoin. "The Vanguard Group owns 8.2% of MicroStrategy, the 2nd largest of all holders. Somehow they find issues with Bitcoin ETFs. What this tells you is worse than Vanguard not liking Bitcoin. It tells you that they are either liars, charlatans who haven't done their research, or both" - Gabor Gurbacs Oh by the way one more stat on Vanguard. They run a $75bil ETF with 30% exposure to China, but you’re not allowed to invest in spot bitcoin ETF. Fuck 'em. Check out the following clip - Michael Saylor on when Merrill Lynch refused to help him buy Bitcoin:

X (formerly Twitter)

The ₿itcoin Therapist (@TheBTCTherapist) on X

Absolutely savage move by Michael Saylor when Merrill Lynch refused to help him buy #Bitcoin So he wired $175M somewhere else 🤯 Now they’re...

Meanwhile, Fidelity is LIGHT YEARS ahead of Vanguard and Merrill Lynch. On the 12th of January, they called existing customers who were already exposed to Bitcoin-related securities (like mining stocks, etc.) to address any questions about the Bitcoin ETFs. That is how you treat customers. Let's dive into some stats and the ramifications of that. ➡️Cathie Wood says "We are talking to state pension funds and state treasurers about investing in the Bitcoin ETF" ➡️BlackRock CEO says Bitcoin is "no different than what gold represented for thousands of years. It is an asset class that protects you." ➡️On Saturday after two days in the books, the nine ETFs took in +$1.4b in new cash, overwhelming $GBTC's -$579m of outflows for a net total of +$819m. $IBITnow leading the pack with/ half a bil, Fidelity is a close second though. The newborns' $3.6b in trading volume on 500k individual trades (1.2m incl $GBTC) is very impressive as is the 20bp avg prem. More on this topic:

X (formerly Twitter)

Bitcoin News (@BitcoinNewsCom) on X

NEW: This chart via @EricBalchunas compares #Bitcoin ETF volume between the first and second days of trading, broken down by time of day. More v...

➡️Blackrock's Bitcoin holding reaches 11,500 BTC in ETF's first 2 days of trading At current rates, Blackrock will own more Bitcoin than Microstrategy by February 1st. Either current rates slow down, or Bitcoin price goes up. ➡️For more insights and data:

X (formerly Twitter)

James Lavish (@jameslavish) on X

There was massive hype and fanfare leading up to the #Bitcoin spot-ETF launch. Yet, the launch didn't quite live up to expectations. There wasn't ...

James, sorted through all the X noise of the past week to bring us a well-read easy to comprehend thread with everything we need to digest in one place. Enjoy! ➡️Great work by Satoshi Action Fund & Dennis Porter: "The State of Indiana has officially introduced legislation to protect fundamental Bitcoin Rights! This bill will DEFEND: 👉🏽Your right to access #BTC 👉🏽Your right to self-custody 👉🏽Your right to mine #BTC 👉🏽Your right to run a node The bill will also: 👉🏽Eliminate Cap Gains (under $200) 👉🏽Exempt miners/nodes from MTL This legislation (HB 1388) marks a significant step in affirming your fundamental right to engage with Bitcoin, countering efforts by figures like Senator Warren to limit self-custody and mining rights." - Dennis Porter ➡️"Bitcoin has settled over 100 trillion dollars of value in the last decade, and people still want to debate whether it works." - Thomas Fahrer ➡️The average cost of production per Bitcoin post halving will be $37,856, according to CoinShares ➡️"Argentina marks its first Bitcoin-denominated rental agreement. A landlord and tenant in Argentina's 3rd biggest city Rosario, have sealed a rental agreement to be paid in Bitcoin each month. The tenant will settle monthly payments of $100 worth of Bitcoin to the landlord, via Fiwind national CEX. Payments will be made to a designated address during the first five days of each month." This is a notable development. Vamos Argentina! 💸Traditional Finance / Macro: Last week I shared the following bit... "Wealth concentration. Just simple, raw data:

X (formerly Twitter)

Lyn Alden (@LynAldenContact) on X

92.5% of equities are held by the top 10% wealthiest Americans. A record high concentration.

While Wall Street celebrates, Main Street mourns. To make it even worse I will quote Aaron Layman: "The part Lyn left out is that the top 1% accounted for 53.9% of this wealth coming out of the pandemic, a record high. The gap between the middle class and the top 1% has grown wider over the past decade. This is the essence of the Cantillon Effect in the Fed's trickle-down wealth inequality machine. It's also why you see several Fed apologists among the Fintwit ecosphere. To put things in context, the Federal Reserve is still in cover-up mode when it comes to the self-dealing and trading by some of its former members who are part of that 1% (or 0.1%) club. Congress continues to ignore the self-dealing by many of its members as they front-run legislation and line their own pockets." bingo!" Just to add additional information on top of that: The top 13% of people have 85% of the world's wealth:

Family Office & UHNW

Global Wealth Report 2023: exploring the fall in global household wealth

Download

🏦Banks: 👉🏽no news 🌎Macro/Geopolitics: 👉🏽 Zerohedge: "March will be lit: 1. Reverse repo ends 2. BTFP expires (allegedly...it will be extended) 3. Fed cuts (allegedly) 4. QT ends (allegedly)" 5. Bitcoin Halving event in April. One thing is for sure, volatility is coming! 👉🏽"Since the Fed started raising interest rates in March 2022, money market funds have seen massive inflows. Total assets held in money market fund went from $4.5 trillion to $6 trillion in 2 years, a 33% increase. Now, the Fed is expected to begin cutting interest rates. With record levels of capital on the sidelines, we could see a widespread rotation out of these money market funds. If this capital goes back into the equity market, the recent run is far from over. Never has there been more capital on the sidelines." - The Kobeissi Letter 👉🏽 "The current max drawdown in temporary help services employment was only seen in prior recessions ... in fact, the depth of today's decline was not even reached in the early 1990s recession." - Liz Ann Sonders 👉🏽 Talking about recessions. Please read the following tweet by Luke Gromen:

X (formerly Twitter)

Luke Gromen (@LukeGromen) on X

Last 3 recessions saw US deficit/GDP rise by 6%, 8%, & 12% ($1.5T to $3.0T on top of $2T deficit we're on pace for) + $9T of UST refi next 12 m...

For me, this is the most insightful post of 2024, and Luke is a must-follow macro resource. Just imagine the deficit when there is a recession/crisis. If it takes this large of a deficit to keep GDP positive....yikes! 👉🏽With Milei’s decree deregulating the housing market, the supply of rental units in Buenos Aires has doubled - with prices falling by 20%. Source:

El Cronista

Murió la Ley de Alquileres: ya se duplicó la oferta de departamentos en CABA y caen los precios

Según la cámara del sector, en un mes, la oferta de departamentos en alquiler se duplicó. Por qué ahora se prefiere acordar los contratos en pe...

Now what are the short & long-term effects? "Short term: more supply, lower prices, longer-term: a sustained supply of long-term rentals with price increases accompanying salary increases." - BowTiedMara 👉🏽

X (formerly Twitter)

Holger Zschaepitz (@Schuldensuehner) on X

Good Morning from #Germany, where a creeping deindustrialization is taking place. Industrial production has recently continued to fall and is now a...

It becomes a problem when real GDP also declines, which is currently the case. Please read the bit on Germany in last week's Weekly Recap. 🎁If you have made it this far I would like to give you a little gift: We can learn a lot from the 40-year history of email and the many decisions that prioritized corporate server admins over the autonomy of individual users. Centralization is a slippery slope of convenience against which we must remain vigilant. Great historical read on SMTP (email protocol):

Cypherpunk Cogitations

The Death of Decentralized Email

A historical review of the multi-decade centralization and capture of the email protocol.

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