Penitent Man

Bitcoin | Stacks | MSTR | Miners

[Mario Nawfal @MarioNawfal]

If you're still not convinced the reason Trump attacked Iran is energy and China, here's Dick Cheney explaining it in detail 8 years ago in his biographical film 'Vice'

Can't make this up

[Bitcoin News Alerts 🔥🎙️ @btcnewsalerts]

Michael Saylor just triggered a $2M Bitcoin supply shock.

Read that again.

Not $200K Bitcoin.
Not $500K.

$2 million per coin.

Here’s what just happened.

Strategy just unveiled a plan to raise $42 billion in capital to buy more Bitcoin.

$42 billion.
Dedicated to acquiring a single asset: Bitcoin.

The company filed an official report outlining two massive capital programs designed to fund future Bitcoin purchases:

• $21B MSTR ATM equity program
• $21B STRC preferred income security program

Together they form a $42B Bitcoin acquisition war chest.

Every dollar feeds the same machine:

Raise capital → acquire Bitcoin → remove supply from the market.

And the accumulation is already happening.

Strategy recently added another 1,031 Bitcoin for roughly $77 million, bringing its total holdings to 762,099 BTC.

But the real story isn’t the latest Bitcoin purchase.

It’s what happens next.

Because Bitcoin has something no other asset on Earth has.

Absolute scarcity.

More than 20 million Bitcoin have already been mined.

Fewer than 1 million coins remain to be mined between now and the year 2140.

But the amount actually available to buy today is dramatically smaller.

Millions of Bitcoin are permanently lost.

Millions more are held by long-term holders who refuse to sell.

Every year more Bitcoin disappears into cold storage.

Which means the liquid supply available to the market keeps shrinking.

Now combine that shrinking supply with what’s happening on the demand side.

ETFs are accumulating Bitcoin every week.
Corporations are building treasury reserves.
Institutional capital is entering the market.

And companies across the world are beginning to copy the Strategy playbook.

In Asia, companies like Metaplanet are aggressively accumulating Bitcoin, holding over 35,000 BTC worth about $2.5B - now one of the largest corporate Bitcoin holders on Earth.

And Strategy itself continues to expand the largest corporate Bitcoin treasury in history.

Now it has built a $42 billion capital machine designed to buy even more.

When this kind of capital competes for a fixed supply asset, prices don’t move slowly.

Prices don’t adjust slowly.
They reset.

Because Bitcoin still operates inside a surprisingly small global market.

At roughly $70,000 per coin, the entire Bitcoin network is valued around $1.4 trillion.

That may sound enormous.

But compared to the assets Bitcoin is absorbing, it’s tiny.

Gold alone sits around $36 trillion.
Global bond markets exceed $145 trillion.
Global real estate exceeds $393 trillion.

When even a small percentage of that capital moves into Bitcoin, the available liquidity disappears.

This is how the Bitcoin supply shock begins.

First $500,000 Bitcoin.
Then $1 million.

Then the number investors struggle to comprehend today.

$2 million per Bitcoin.

Because at that point Bitcoin stops competing with speculative assets.

It begins competing with global monetary reserves.

Gold.
Treasuries.
Sovereign wealth funds.
Central bank reserves.

The foundation of the global financial system.

And when the world finally understands how little Bitcoin is actually available…

Price explodes upward until the market finally finds the last seller.

$2M BITCOIN SUPPLY SHOCK - Saylor Launches $42B Buying War

The real question now isn’t whether Bitcoin demand grows.

The real question is:

How high does Bitcoin go when corporations, institutions, and governments realize there isn’t enough BTC left to buy?

[Puncher75 @Puncher522]

20 Year Money Expert: Here's The Simple Way I Live Off Of My Bitcoin | T... https://t.co/PLJLfjjybd via @YouTube

[Simply Bitcoin @SimplyBitcoin]

Ever asked yourself: Why 21 million?

It's more than just a number. 👇

[Penitent Man @fullkwong]

Running Bitcoin

[Terence Michael @ProofOfMoney]

🚨DON'T BUY BITCOIN!
JUST MINE IT FOR FREE!

Pre-coiners often think this☝️

Here's my explanation of
"What is Bitcoin Mining?"

(with the help of a TV game show)

Thank you for bookmarking/sharing
with those who want to learn!

[Penitent Man @fullkwong]

@NewsAsset @Tangem @gemgemcrypto They just announced my ledger nano s was obsolete

[BRITISH HODL ❤️‍🔥🐂❤️‍🔥 @BritishHodl]

JUNE 15TH 2023 I STARTED SHOUTING THAT THEY WOULD COME FOR YOUR BITCOIN.

GET TO ONE BITCOIN I BEGGED.

LEARN TO HODL BETTER I BEGGED.

WELL - NOT ONLY DID THEY COME.

YOU JUST GAVE IT TO THEM.

SMOOTH & EASY.

CANDY FROM A BABY.

RETAIL - AS ALWAYS - IS PATHETIC.

AND DESERVES TO BE POOR.

THIS IS WHY NO ONE WILL REMEMBER YOUR NAME.

[CoinDesk @CoinDesk]

$STX, the native cryptocurrency of the Stacks protocol, has surged 56% in the past week, becoming the best-performing top 100 cryptocurrency by market value. by @godbole17.

https://t.co/LMklciiCJc

[muneeb.btc @muneeb]

on current market cycle and stacks:

- in the bear of 2018-2020 stacks devs built the first version and did mainnet launch. in the bear of 2022-2023 we built nakamoto and sBTC. i don’t think we’re in a bear right now but any market corrections gives you the space to build the next big thing and unlock the next level of growth.

- as bitcoin grows from 2T to a 5-10T asset in the coming years the market opportunity for institutional BTC defi and fast payment rails for BTC remain large. whichever network captures institutional BTC defi and BTC payments rails should be worth 100s of billions in the longterm.

- at stacks we’ve been the leader of the building on bitcoin movement. it’s the blue chip project that builders can trust to be around 5+ years from now. it’s the place that attracts the mission oriented builders who truly believe in bitcoin.

- what’s most important for future growth is (a) getting the product to be perfect (it’s already pretty good now!), (b) putting the right bootstrapping incentives in place, (c) extreme focus on go-to-market and distribution and finally (d) acceleration of marketing and brand awareness.

- during this correction, personally, i’m very relaxed (i’ve seen this 4 times before). i’m hitting the gym, meditating, optimizing sleep and focusing on my deep work. the deep work is in two categories (a) the next level-up for the sBTC and stacks products i.e., the next big upgrade, and (b) getting the right organizational structures, capital resources, and incentives in place for the next major growth phase (which should be larger than the previous ones).

- I remain extremely bullish on stacks and the future of BTC defi and payment rails. we’re at very early stages still. my family entity is 99% stacks and bitcoin and they’ve significantly increased their stacks (STX) holdings recently. i shared some details on this earlier with some on-chain addresses but they continue to go long on these dips. stacks is my life’s work and there is nothing i believe in more than the inevitability of bitcoin. i’m here to play my role and i’m grateful for this amazing ecosystem of builders, friends, and believes who all share the same vision.

let’s get to work!
it’s time to build on bitcoin 🟧

[Penitent Man @fullkwong]

@_nottim @grok 👏

[Terence Michael @ProofOfMoney]

🚨IS NOW A GOOD TIME TO BUY BITCOIN?

Here's the definitive answer
in just 570 floating seconds
with palm trees and music.

Bookmark and share with pre-coiners who will never stop asking this question.

[stacks.btc @Stacks]

we couldn't have said it better ourselves, @FTI_Global

[Grayscale @Grayscale]

Discover the potential of $STX in our exclusive interview with Stacks cofounder Muneeb Ali. Learn more about this innovative blockchain protocol.

[stacks.btc @Stacks]

bitcoin l2 stacks:

1. us made / sec reg-a token offering
2. third grayscale trust
3. coinbase coin50 index

institutions like stx.
updated photo by @CryptoRank_io

[LaDoger 🟧 @LaDoger]

Michael Saylor Reads The Bitcoin Whitepaper 📄

If you have never read the Bitcoin Whitepaper before, now is a great time to read it.

Or even better: LISTEN to it, read by Michael Saylor out loud! 📢

[STXMAP | STXSTONE @STXMAPS_NFT]

We're remaking our Ordinals collection following @trygamma standards.

🔸Free Claim: Exclusive to STXSTONE holders.
🔸Economic Gas Price.
🔸Limited Edition.

👉RT + LIKE + DROP YOUR TAPROOT ADDRESS 🔄

Stay tuned for more!

[Blackbeard @blackbeardXBT]

DeFi doesn't need to be on EVMs only. sBTC is launching tomorrow and will unlock DeFi on #Bitcoin.

As long as $BTC goes up, the ecosystem will go up with it as well.

Many people still don't see the bigger picture; there is a big narrative forming right before our eyes. $STX

[rachel.btc @rachel_alexgo]

PizzaPets @Pizza_Pets trading is live now (entry price now is ~$55). Thanks to my @pizzaninjas pfp I received 6 airdrop eggs. I'm happy to send out 5 of them.

For a lucky draw, please
- Follow me @rachel_alexgo & @ALEXLabBTC & @Pizza_Pets
- Like, RT and tag 3 of your friends!
- Leave your ordinals address

[Penitent Man @fullkwong]

@JakeBlockchain @xverse How do you claim the $ME drop