Mike Murray

Bitcoin

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[Mike Murray @MikeMurray44]

@_davemacdonald And those chains are fine for tech platforms, NOT money. Proof of Stake (one dollar, one vote) would be *incredibly dangerous* for a world reserve currency.

PoS ≠ PoW

[Lauren Chen @TheLaurenChen]

"Yes, I know your teenaged son was violently murdered in front of his twin, but have you considered the plight of black women?"

[Wu Blockchain @WuBlockchain]

Fold Sells About $45M in Bitcoin to Repay Debt and Fund Growth

Nasdaq-listed Bitcoin financial services company Fold said it sold about $45 million worth of Bitcoin at an average price of $71,000 and completed a series of capital restructuring measures. About $20 million of the proceeds were used to repay Bitcoin-backed secured debt, while the remaining $25 million will support business growth. Following the transaction, Fold said it has repaid all secured debt, improved its liquidity and cash flow structure, and continues to hold a “meaningful” Bitcoin reserve while dynamically adjusting asset allocation to support future growth.

[Epic Clip Vault @EpicClipVault]

They finally gave us the POV we wanted since childhood 😮‍💨

[Frank Brown @FrankBr05713205]

I teach auto shop at a small high school. We work on students cars, teachers cars, students parents cars and some community people cars. We only charge for parts and not labor, so we saved some people a lot of money last school year. This last school year we did 126 oil changes, 68 brake jobs, 85 alignments, 4 steering racks, 22 tune ups, 32 struts, 20 shock absorbers, 4 transfer cases, mounted and balanced 82 new tires, 4 timing chains, 15 valve cover gaskets, 14 thermostats, 4 radiators, 12 in tank fuel pumps, 8 EVAP canisters, 6 exhaust manifolds, 4 mufflers, 15 AC repairs including evacuate and recharge, 8 alternators, 22 batteries, 9 starters and so much more! Proud of those students I am!

[MikeWMunz 🟧 @mikewmunz]

That all sounds great if you live in fantasy land

But once you go out in the real world with real people and live life, you’ll realize that this will never happen

This has nothing to do with Strategy. It has everything to do with the fact that adoption was never going to happen the way they thought it would and now that it’s happening they no longer like it

Prior to August 10, 2020, there was not one podcast, book, or conference event that talked about a company buying Bitcoin. Not a peep about issuing credit against it. Despite the best assets in the world all forming around institutional holders and credit issuance

All of the fantasies were the cashier at the gas station buying $12/week and saving to immense wealth. That the world was going to all of a sudden reject everything it was built upon and switch over to an incompatible monetary network. For some reason, the asset outpacing everything else for years was going to become the defacto money to pay your car note and utility bills

The problem is you don’t displace all of societal structure without first providing a better alternative to the existing way of life. You don’t accomplish that by offering a hyper growth, speculative, extremely volatile asset when everyone’s greatest fear is loss and volatility. This goes against all of human nature and psychology. The incentives aren’t aligned

You must first find ways to get existing capital out of the old system and into the new without much friction and ease into it. That is what is being built now. The bridge between the most conservative and unlikely pools to ever allocate to Bitcoin

The ideology that simply buying Bitcoin and holding for a lifetime was the answer and would solve all problems has never aligned with human advancement at any point. Problems were solved by people building and taking risk. Usually failing many times before the breakthrough. Looking like a fool the entire time until the Overton window moves in your direction.

We are seeing the early stages of this with Strategy and Digital Credit. If everyone agreed, there’d be nothing novel or new happening. When pushing the boundaries you will naturally have a ton of resistance from those that are unable to see the vision. Calling for your failure and demise every day until it finally becomes obvious even to them. Elon Musk can probably relate.

I’d be worried if everyone started agreeing so early

That’s how you know you’re doing something right

[Jason Ai. Williams @GoingParabolic]

A long post on why the bottom for Bitcoin is not in

Bitcoin's Realised Price is the average cost basis for all holders

Currently it is $53.6k

Bitcoin has NEVER bottomed in a cycle without trading below the Realised Price

2011 → BTC bottomed at $2.1, about 58% below the Realised Price of $5

2015 → BTC bottomed at $152, about 49% below the Realised Price of $300

2018 → BTC bottomed at $3.2k, about 47% below the Realised Price of $6k

2022 → BTC bottomed at $15.4k about 34% below the Realised Price of $23.3k

58%, 49%, 47%, 34% – see a pattern forming?

My prediction for the next Bitcoin bottom is the Realised Price minus 17%

In other words → $44,488 USD

Bookmark this because I know I'm right

Write it down.

[LinaHua @Linahuaa]

High-end escort isn't about looks.
It's about connection.

People stop gotta be jealous that "mid" girls earn $5K.

Bill Gates' affair girl got her coding school in America + upscale living expenses paid.

She probably spent a million dollars, but only had sex with Bill Gates once every other month.
She cost something like $30-50K per date if you break it down.

Why is she so expensive when she isn't a super model?
Because she is good at Bridge, like Bill Gates is.
She is interested in software, like Bill Gates was.

The girls who are milking AI bros for $20K per night aren't ordinary hookers.
They're hookers with computer science degrees from decent schools.

[Michael Avenatti @MichaelAvenatti]

Sam Bankman-Fried and I were prison bunkmates and I know him well. So I read this with more context than most.

Sam and I argued more than once about the same thing: his refusal to accept ANY responsibility for what he did. Not once did he admit he’d done anything wrong — even after I told him repeatedly he could never begin to redeem himself without that acknowledgment.

You don’t earn a pardon when you can’t admit, even to yourself, that you did wrong.

[Massimo @Rainmaker1973]

A great visualization of how a radial engine works in this Pratt & Whitney R-985 cut-away

[Patrick Webb @Patrickwebb]

BREAKING: FBI records confirm that a Butler County Sheriff’s deputy exchanged two emails with Thomas Matthew Crooks prior to the July 13, 2024, assassination attempt on Donald Trump in Butler, PA, per FOIA request.

[Wu Blockchain @WuBlockchain]

ZachXBT Questions Arthur Hayes of Touting Tokens Before Selling

Following a post by Arthur Hayes stating that he had sold his WLD holdings and exited the position, on-chain investigator ZachXBT publicly questioned how much exit liquidity Hayes had generated from his followers over the past few days, adding that his trades in NEAR, HYPE, and ZEC followed a similar pattern.

In response, Hayes said he had simply made the right decision based on his trading objectives. ZachXBT then criticized the apparent inconsistency, arguing that Hayes had repeatedly expressed bullish views on WLD before quickly liquidating his position, making his actions difficult to reconcile. https://t.co/DXfXPhqPV4

[The Wolf Of All Streets @scottmelker]

The guy you are quote tweeting famously doubled down on LUNA as it was collapsing… with his investor’s funds at ARCA.

I still have the insane letter.

Price was $24 when they did it and bought more $UST as well.

Was $1 hours after they sent it.

The worst fiduciary decision I’ve ever seen.

[Chris Martz @ChrisMartzWX]

June has rolled around.

This map shows statewide “all-time” high temperature records for June.

Interestingly, 32 states set their June record highs before 1960.

I can't spot much of a crisis here, folks.

[James Lavish @jameslavish]

I'll give you 39,204,974,715,249 reasons.

[Eric Daugherty @EricLDaugh]

🚨 NOW: It's officially been nearly 48 HOURS since California poll close and NEARLY 4 MILLION VOTES (42%) are left to count

STEVE HILTON EXPOSED IT: "A whistleblower told me they had different buckets for ballots after election day, and were TOLD it DOESN'T have to be postmarked on or before election day — if the date was HANDWRITTEN that would be OK as well!" 🤯

THIS IS OUTRIGHT FRAUD, and it's been LEGALIZED

Shut it down!

[Eric Daugherty @EricLDaugh]

🚨 OMG. SEC. SCOTT BESSENT JUST WENT THERE 🔥

SEN WYDEN (D): We don't want ramblings about the most corrupt regime in history, we want facts

BESSENT: "And we'd like to hear what Adam Wyden and Jeffrey EPSTEIN talked about. Your son's largest investment position was Rick's Cabaret. So, did your son and Jeffrey Epstein talk about pole dancing as he begged him for money using your limited credibility?"

ASSASSIN.

[Eric Daugherty @EricLDaugh]

🚨 JUST IN: Marco Rubio TOYS with insufferable Rep. Jacobs (D) 🤣

JACOBS: Who won 2020?

RUBIO: I'm not answering about 2020, this is a FOREIGN AFFAIRS COMMITTEE

JACOBS: You can't admit the shoes Trump bought you are too big

RUBIO: The Florsheims he gave me fit fine 🤣

JACOBS: Your shoes look nice, Mr. Secretary

RUBIO: How can you see them? They're way down here. We're talking about SHOES, are you KIDDING ME?! I mean, is this the Foreign Affairs Committee or a CIRCUS?! What IS this?! 🔥

[Jake Stofan @JakeStofan]

On a 30-9 vote the @FLSenate has placed a property tax phase out plan on the November ballot.

Highlights:

1st year- $150K homestead exemption
2nd year- $250K exemption
Beyond- Legislature will set schedule to full elimination.

Some changes:

Legislature pulled school property tax out of the equation and removed the state trust fund @GovRonDeSantis has pitched to backfill local budgets.

House approved the measure earlier on a 75-26 vote.

@ActionNewsJax

[Eric Daugherty @EricLDaugh]

🚨 HOLY SMOKES. Police just released the bodycam footage in the killing of 18-year-old white male Henry Nowak and it CONFIRMS the police LAUGHED HIM OFF when he said he got stabbed

Straight-up says: "I've been stabbed."

COP: "Whereabouts? Don't think you have, mate!"

NOWAK: "*Groaning* I CAN'T BREATHE."

COP: "Put your hand in the cuff."

Nowak says he can't breathe again.

Then again while they just stand there.

"We have to check [if he was stabbed], don't we?"

THESE COPS ARE COMPLICIT IN THE MURDER!!

THERE SHOULD BE WORLDWIDE OUTRAGE.

[BLAKE⚡️ROGUE MONEY USER @bleighky]

$MSTR is doing exactly what S&P advised.

S&P called the reluctance to sell Bitcoin a “weakness.”

Now they’re selling.

Smart move.