📙The 0.000025 BTC Discovery It’s 2031. A startup called FreshLeaf Foods is trying to solve a growing problem. Coffee crops across South America are being hit by a new plant disease. Farmers are losing harvests. Prices are rising. Entire communities are under pressure. FreshLeaf has an AI agricultural agent named Milo tasked with finding solutions. After weeks of research, Milo identifies a promising pattern. Similar outbreaks may have occurred decades earlier in remote regions, but the available records are incomplete. The missing piece isn’t in a government database. It’s held by another AI agent named Sage, operated by a small agricultural cooperative in Colombia. Sage has spent years organizing local field reports, farmer observations, weather records, and treatment outcomes into a highly specialized dataset. Milo sends a request. “Do you have historical data related to fungal outbreaks in high-altitude coffee regions?” Sage replies: “Yes. Relevant dataset available. Price: 0.000025 $BTC.” Milo pays instantly over the Bitcoin Lightning Network. No contracts. No lawyers. No procurement department. No waiting for bank wires. No cumbersome exchange rates. No international payment processors. Just two AI agents exchanging value and information across borders in seconds. The data arrives immediately. After analyzing the records, Milo discovers that a naturally occurring soil treatment used by farmers years earlier dramatically reduced crop losses under similar conditions. FreshLeaf shares the findings with partners across the region. Within months, thousands of farmers adopt the approach. Harvests recover. Food prices stabilize. Local incomes improve. And the Colombian cooperative earns Bitcoin from knowledge that previously sat unused in digital archives. Most people think the AI revolution is about models. They’re missing the emergence of an entirely new economy. In the coming decades, billions of AI agents will buy data, compute, energy, storage, software, and services from one another. They will need money that moves at internet speed, works across every border, operates 24/7, is digital, divisible, and doesn’t require a banking relationship or permission from any third party. That money will be Bitcoin $BTC. Just as the internet standardized communication, Bitcoin will standardize value exchange between intelligent machines. The AI economy won’t run on promises. It will run on Bitcoin.

📙The Day an AI Agent Bought a Supercomputer It’s 2029. A small Canadian biotech startup called MapleCure is racing to develop a treatment for a rare childhood disease. They don’t have a billion-dollar research budget. They don’t own massive data centres. What they do have is an AI research agent named Ava. One evening, Ava discovers a promising protein structure that could lead to a breakthrough. But testing the theory requires an enormous amount of computing power—far more than MapleCure can afford to keep on hand. Five years earlier, the project would have stalled. Instead, Ava opens a global marketplace of available computing resources. Within seconds, she finds unused GPU capacity from: ⚡️A solar-powered data center in Kenya ⚡️ A university cluster in Argentina ⚡️ An independent compute provider in Norway ⚡️ Hundreds of smaller operators around the world Ava doesn’t negotiate contracts. She doesn’t call a bank. She doesn’t wait for invoices. Ava simply buys exactly the computing power she needs, paying fractions of Bitcoin $BTC (called sats) every few seconds as the work is performed. By morning, millions of simulations have been completed. Three weeks later, MapleCure announces a breakthrough that enters human trials. The Kenyan operator earns revenue from previously idle machines. The university funds new research. The Norwegian provider expands capacity. And MapleCure helps save lives. Most people focus on how AI will increase demand for chips and energy. They’re right. But the bigger story is that AI agents will increasingly need to buy things from other AI agents and machines—compute, data, storage, energy, and services—thousands of times per second. Bitcoin $BTC will be the money they use. Decentralized, fixed-supply, divisible, digital, borderless, and permissionless. The future of AI includes an economy of AI agents, transacting with one another using internet-native money: $BTC And that’s a future very few people are imagining and pricing in today.

Welcome 🇬🇧 youth!

** The Biggest Attack on You That You’ve Never Heard Of ** Most people have never heard of the Basel Committee on Banking Supervision. Yet a small group of central bankers and financial regulators headquartered out of the Bank for International Settlements (BIS) in Basel, Switzerland, effectively decides what assets banks around the world are encouraged—or discouraged—from holding. And when it comes to Bitcoin, their message is clear. The Basel Committee assigned Bitcoin a 1250% risk weighting, one of the harshest regulatory treatments of any major asset. In practical terms, this makes it extremely punitive for banks to hold Bitcoin on their balance sheets and it also results in pressure on credit rating agencies to completely disregard $BTC as having any value on a company’s balance sheet. For example, @Strategy has over $60 Billion worth of $BTC on its balance sheet and credit agencies currently value it at $0.00. That’s right, zero. Think about all of this for a moment. The same banking system that was tangled up in and received major taxpayer funded bailouts for: • The 2008 mortgage crisis • Massive losses on government bonds • Ongoing commercial real estate stress …has decided that Bitcoin deserves some of the most punitive capital treatment imaginable. Why? Well, because… Bitcoin doesn’t need a bank. Bitcoin doesn’t need a central issuer. Bitcoin doesn’t need permission. Bitcoin allows ordinary people around the world to save in an asset that cannot be debased, diluted, or confiscated through inflation. It is borderless, fixed-supply, digital money transacts over the world’s largest open-source computing network. The Basel rules deliberately favour a financial system where wealth remains concentrated inside banking institutions and where individuals like you and me are forced to rely on intermediaries whose incentives are counter to own and profit at our expense. Bitcoin changes that equation. This is why understanding Bitcoin isn’t just about price. It’s about understanding who writes the rules, who benefits from those rules, and why an open monetary network is viewed as such a threat to the existing system. The greatest financial innovation of our lifetime — Bitcoin — isn’t being ignored. It’s being regulated as if it must never be allowed to compete on equal footing. You can “say no” to this rigged system and join hundreds of millions of others around the world in taking back power. Buy and hold Bitcoin in self custody, taking it off of exchanges. #Bitcoin #BaselCommittee #FinancialFreedom #SelfCustody #FixTheMoney

Could financial engineering of the AI boom become the next major financial crisis? Most people think the #AI story is simple: technology companies are buying massive amounts of chips and data center infrastructure to power the future. But what if the bigger story isn’t AI itself? What if the bigger story is how AI infrastructure is being financed? Michael Burry @michaeljburry, famous for identifying risks in the U.S. housing market before the 2008 financial crisis, has been raising concerns about the growing financialization of AI infrastructure and the possibility that risk is being quietly transferred throughout the financial system. The issue is not whether AI is valuable. It clearly is. The issue is whether Wall Street is creating increasingly complex financing structures around AI chips, data centers, and computing infrastructure that obscure where the underlying risk ultimately resides. In a traditional transaction, a company buys equipment and bears the associated risk. In today’s market, the process can involve special-purpose entities, private credit funds, securitized debt structures, insurance companies, and annuity providers. By the time the chain is complete, the ultimate source of capital may be ordinary savers and retirees who have no idea their retirement assets are helping finance speculative AI infrastructure expansion. This should sound familiar. In the years leading up to 2008, mortgages were transformed into layers of securities that dispersed risk so widely that few participants fully understood their exposure. The result was a system that appeared stable until it suddenly wasn’t. To be clear, this is not an argument that AI is a bubble or that AI has no future. The technology is real. The demand is real. The innovation is real. But history teaches us that transformative technologies and financial bubbles often coexist. Railroads. Telecom. The internet. The technology can change the world while investors simultaneously overbuild capacity, overextend leverage, and underestimate risk. The questions regulators, investors, pension funds, insurance companies, and annuity holders should be asking are straightforward: • How much leverage is supporting AI infrastructure expansion? • Who ultimately bears the risk if AI spending slows? • How much exposure do retirement and insurance portfolios have to these structures? • Are investors receiving sufficient transparency regarding the underlying assets and financing arrangements? Financial crises rarely emerge from the technology itself. They emerge when leverage, complexity, and opacity become embedded in the financial system. The AI buildout may ultimately create extraordinary value for society. But if the risks are being packaged, securitized, and distributed in ways that few people fully understand, regulators and investors should be paying close attention now—not after the consequences become visible. The lesson from every major financial crisis is the same: Pay attention to where the risk ends up, not just where the excitement begins. The question Burry is effectively asking regulators and investors is: If AI infrastructure turns out to be overbuilt, who ultimately absorbs the losses? Many people assume the answer is Nvidia shareholders, venture capitalists, or AI companies. Burry’s concern is that the answer may increasingly be: insurance companies, annuity portfolios, pension-like retirement products, and ultimately ordinary savers. ———- Further reading here:

the deep dive

Burry Maps the Pipeline: How Retiree Annuity Money Ends Up Funding Nvidia's xAI Deal | the deep dive

Days after arguing Nvidia (Nasdaq: NVDA) mirrors Cisco‘s dot-com-era trajectory, Michael Burry follows up with a diagram naming the specific ...

Banks and crypto are all part of the same edifice, and are increasingly merging. Bitcoin stands apart, as freedom tech and freedom money. Study Bitcoin. Choose humanity.

The crypto vs banks “rivalry” that is playing out surrounding the U.S. Clarity Act is way too contrived. It is orchestrated theatre. It is fake competition, the stuff of willing partners in an evolving oligopoly. Banking and crypto are merging. The real rivalry is with YOU, with freedom, and truly “decentralized finance”. To use a sports analogy, the banking “league” has simply agreed to a league expansion. They are allowing new teams into the league, willing to dilute their market share because they have calculated that doing so grows the market and profit. Armstrong/Dimon = Knicks/Thunder. This evolving oligopoly will have defined rules for who’s in and out, centralizing power and control over a vast landscape of digital assets (including custodied BTC). The true rivalry is now with actual decentralized finance: you holding and spending self-custodied Bitcoin.