Everyone talks a big game about "buying the dip" when prices are high and the charts look bulletproof.
Then the actual dip arrives and suddenly the same people are posting "This time it's different," "Wait for confirmation," or "I'm just gonna DCA... starting next month."
After forgetting a $27 Bitcoin investment made for a thesis in 2009, Kristoffer Koch rediscovered the holdings years later, eventually using a small portion to buy an apartment while the remainder grew to a value exceeding $450 million today.
This is what the next few weeks look like:
- New Fed Chair
- Clarity Act finalized
- U.S. BTC Reserve news
- PMI > 50 for 4 months
- Lower interest rates
- The war in Iran ending
- Strategy buying billions
AND YOU WANT ME TO BE BEARISH?
BlackRock CEO Larry Fink is predicting that AI-driven demand for computing power will create a new asset class of "compute futures" for buying and selling capacity
The company plans to cut 14% of its workforce, to build leaner, AI-native teams that can move faster.
Armstrong highlighted AI's power to speed up engineering from weeks to days, while trimming layers to just five below leadership.
aave: yo arbitrum, send back the $71m you get from the hacker, we need it
arbitrum: chill, we’re voting on it, you’ll have it in a few days. defi united, remember?
aave: bet. love that for us
(suddenly, american lawyers show up)
plaintiffs: stop right there. that $71m is ours now
aave: excuse me??
plaintiffs: we have old judgments against north korea. the hacker was lazarus group. lazarus is north korea. therefore the funds belong to north korea. therefore we seize them
aave: wait. do you have proof it was north korea?
plaintiffs: yeah, tweets
aave: …tweets
plaintiffs: and a news article
aave: but even if it was them, holding stolen funds for 5 minutes doesn’t make you the owner??
plaintiffs: yes it does
aave: so if i smash a tiffany’s window, grab a diamond, and a bystander grabs it back from me, your creditor friends can seize the diamond?
plaintiffs: correct
arbitrum: uhh… what are we supposed to do here
plaintiffs: don’t move. everything’s frozen
aave: but the funds belong to my innocent users??
plaintiffs: not our problem
aave: if i lose this, nobody will ever stop a hacker again. why would they? the reward becomes a legal war with the thief’s creditors
plaintiffs: not our problem
aave: and sanctioned states will have an incentive to hack more, since stolen funds can pay off their old debts
plaintiffs: still not our problem
aave: (turns to the judge) your honor, either vacate this now, or make them post a $300m bond. we have days before the entire defi ecosystem cascades
judge: (tbd)
This vending machine sold bitcoins for $7 at the New Hampshire Liberty Forum in 2012.
Casascius coins are ‘physical bitcoins’, containing a private key hidden under a tamper-proof hologram, worth $80,000 today.
Cigarettes. Giant boulders. Seashells. Gold. Dollars.
All of them have been money at some point in history.
Bitcoin is next in line and the reason isn't complicated.🧵
So does Bitcoin qualify as real money?
By every formal definition, yes
By legal tender status, not everywhere, not yet
By collective agreement, increasingly, yes
The question isn't whether Bitcoin is money. The question is how many people need to agree before that's undeniable.