In 2011, Bitcoin was a different world
No seed phrases. No hardware wallets. No slick apps
Just raw private keys, fragile files, and command lines
Today, someone just moved 80,000 BTC from that era
Here’s how they did it—and why it’s borderline insane 🧵👇
@STRchitect STRK sits below STRF and STRC in liquidation (but above STRD). That’s part of the reason why the yield is so high despite the equity option
Here’s a thought experiment for the crypto community 🧠
Everyone’s euphoric again 🥂
New highs. New targets. Everyone’s calling for late 2025 / early 2026 blow-off tops
But… what if the market is moving faster than we think? 👀
What if we just witnessed the cycle top?
Not my base case… but let’s game it out🧵
Here’s a thought experiment for the crypto community 🧠
Everyone’s euphoric again 🥂
New highs. New targets. Everyone’s calling for late 2025 / early 2026 blow-off tops
But… what if the market is moving faster than we think? 👀
What if we just witnessed the cycle top?
Not my base case… but let’s game it out🧵
The market doesn’t owe us symmetry📉📈
Bitcoin doesn’t care about models.
Cycles don’t have to “make sense”
That’s why risk management matters.
And why thought experiments like this can keep you sane when everyone’s euphoric
🧵 The “Bitcoin dies when quantum arrives” crowd doesn’t understand how Bitcoin works
When the day comes, consensus won’t take years - it’ll take months
Here’s how Bitcoin will become quantum-proof ⬇️
My experience is that the closer someone is to the TradFi system, the less likely they are to understand Bitcoin. This is true irrespective of intelligence.
Bitcoin can’t be valued like traditional assets, so if a cash flow based excel model is your framework, Bitcoin will indeed appear worthless.
@PeterSchiff We used to have tokenized gold. It was called the US dollar. Then they printed too many tokens and defaulted on the conversion in 1971
That’s why we need Bitcoin
🧵 The “Bitcoin dies when quantum arrives” crowd doesn’t understand how Bitcoin works
When the day comes, consensus won’t take years - it’ll take months
Here’s how Bitcoin will become quantum-proof ⬇️