DontGetMadGetBitcoin ☢️

Bitcoin is how we defund the corrupt system. #HODLing for the long term.

[DontGetMadGetBitcoin ☢️ @getbitcoin108]

Buying Property With the Proceeds of Bitcoin
UK 2026

Having just been through the torturous ordeal of buying a house with the proceeds of bitcoin, I thought it might be useful to others to know what is involved.

1. Currently it is possible to buy property with bitcoin directly, but it is very unlikely the vendor would accept it. Bitcoin is not widely liked or understood in Britain and whilst there have been some direct house sales for bitcoin, they are very rare and Capital Gains Tax (CGT) is still payable - because paying someone for a house is counted as a disposal.

2. In addition, it is very unlikely a conveyancing solicitor would allow this transaction as most are not equipped to handle digital asset transactions. Which means you’ll have to sell your bitcoin - not necessarily a comfortable or easy thing. The more years you’ve been hodling the harder it is to exchange your pristine digital capital for filthy, lightweight fiat!

3. It also means you’ll incur a hefty CGT bill - handing many thousands over to the very fiat powers oppressing us with their financial and governmental incompetence. Uncomfortable but necessary: as a City trader used to say to me “Just pay your tax. You’ll sleep at night.” This is particularly true given HMRC’s new AI capabilities. Hyped or not, it isn’t worth testing them.

4. Once you have the fiat in your bank account, you then face the daunting process of solicitor's Anti-Money Laundering (AML) checks. You’ll need proof of the original source of funds you used to buy bitcoin (inheritance, gift, income etc), exchange statements showing the purchases and the sales, bank statements showing the funds in your account, the funds leaving your account, and the proceeds of the bitcoin sale back in your account. They need a full audit trail to satisfy their Proof of Wealth (PoW) and Proof of Funds (PoF) checks.

5. These checks are no joke. They stem from the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 - https://t.co/PfP0tH2V5h - which place weighty obligations on law firms handling money. In particular, cash purchases of houses are viewed as ‘high risk of money laundering’ so attract enhanced due diligence measures. Solicitors have gone to prison for not tracing the source of even quite trivial sums. Similarly, criminals are targeting solicitors like never before - both for stealing funds through cyberattacks and for laundering money. The regulations are not without genuine cause.

6. Your choice of solicitors will determine whether you are put through potentially weeks of stress as they scrutinise every part of your financial and bitcoin life. Provincial solicitors are likely to say ‘cryptocurrency is high risk and we don’t do high risk’ and either turn you down flat at the beginning (if you are lucky) or put you through a long, drawn out process that could mean you lose the house you are intending to purchase, and lose your will to live with it.

7. There are some national conveyancing firms that are much happier to process bitcoin related house purchases. Thomas Legal https://t.co/0gBVwJA1g9 are one such. In our case, they completed their AML checks in one business day. And they were exceptionally friendly and efficient with it. A stark contrast to our first (local) solicitor who took 8 weeks to say that he wasn’t completely satisfied and 'further checks were going to be required’.

8. It certainly felt like the resistance of the fiat system to bitcoin was exemplified by his suspicious attitude. If you work with a firm like this, you’ll find yourself feeling like a criminal - guilty until proven innocent. Very uncomfortable. As is having your entire financial and bitcoin history exposed. Be prepared to reveal all if you want that dream house.

9. An essential component of clearing the AML check quickly was having a Hoptrail Proof of Wealth Report prepared in advance. https://t.co/fs6CoGGP6X. This specialist auditing company look at the blockchain and exchange statements, rather than fiat accounts, and ensure your coins are not connected to known criminal wallets, mixers or from ‘dubious' sources such as Silk Road. There are stories of bitcoiners with 8 figure portfolios, not a satoshi of which could be used for house purchases because the coins were tainted - from the fiat system point of view at any rate. Most solicitors do not have these skills in-house so having a Hoptrail report is essential.

10. Because of a combination of the Hoptrail report and extended due diligence at solicitors, don’t expect much change from £10,000 for your conveyancing fees. Add in CGT and you’ll need to sell more bitcoin than you might be comfortable doing to cover all the costs. Note that there has been no requirement to have paid CGT before our funds were approved - contrary to some advice out there.

11. Some might ask ‘why put yourself through this?’. Well, in our case, after hodling for 12 years, it felt like it was time to see some real-world benefits. We’re not young and we want to live somewhere decent for our retirement. Feeling wealthy is no substitute for living in a house that better suits your needs.

12. Britain is still very much in the Dark Ages when it comes to bitcoin adoption and understanding. The vast majority of banks, solicitors, out there are simply follow what the @FCA, @FT, @BBC say about #Bitcoin, but at least some are more enlightened and will help, rather than hinder, your purchase.
#End

[Mike Cosgrove @mikecosgrove]

Forget communities, when AI takes millions of jobs 10’s of these centres will get burned down.

Private security is already rolling out offerings to data centre owners.

During the Luddite period they burned down Mills and Factories and Trains etc.
That period is coming back.

[DontGetMadGetBitcoin ☢️ @getbitcoin108]

@mikecosgrove Good point. This is not going to go according to plan.

[Jack Mallers @jackmallers]

Everybody wants to buy the dip until it's time to buy the dip.

You don't end up on the receiving end of the greatest wealth transfer in human history by believing what everyone already believes.

You get there through proof of work and conviction when everyone else doubts.

[Thomas Young @tomyoungjr]

@1914ad My sense is that Core 30 is an agenda of someone who wants to destroy Bitcoin.

[Daniel Prince @Princey21M]

The latest episode of Once Bitten has just dropped.

It's with Maaaaaaaaaaattheeeeeew Kratter.

We discuss Matt's journey from TradFi to Bitcoin, his critiques of financial engineering and loan products, and the ongoing "Spam Wars" and BIP-110 soft fork debate within the Bitcoin community.

@mattkratter

https://t.co/3G89AgNGvK

[DontGetMadGetBitcoin ☢️ @getbitcoin108]

@AnuragSaikia @DSBatten They are heavily involved in #Bitcoin, like it or not.

[Daniel Batten @DSBatten]

Just in: Agribusiness giant Adecoagro set to launch 10 MW Bitcoin mining operation in Brazil powered by renewable energy generated from sugarcane processing

The convergence of Bitcoin mining and the energy sector continues

https://t.co/rbPNlPIsav

[Jordan Walker @JayW132]

The Bitcoin Business Network now has over 100 members.

Here's a selection of who's in it:
🏨 Hotels
⚖️ Law firms
🏫 Schools
🏥 Charities
🌾 Farms
🏢 Professional services
🍔 Hospitality

And now Great Ormond Street Hospital Charity has just joined the network.

These are normal UK businesses.

What I want to emphasise is that the price tells you nothing. Who's getting involved tells you everything!

My talk from @smarterwebuk + @BTCTMedia unconference👇 Thanks for inviting me @asjwebley, @ejuline & @TimKotzman.

[DontGetMadGetBitcoin ☢️ @getbitcoin108]

The Big Money knows.
Be like the Big Money.

[The Bitcoin Historian @pete_rizzo_]

BILLIONAIRE GRANT CARDONE SAYS HE BOUGHT 2,000 #BITCOIN AT $92,000 AND REFUSES TO SELL

"I'M UNDERWATER, AND IT DOESN'T BOTHER ME AT ALL"

"IT'S TIED TO A LONG-TERM ASSET"

"IF I BELIEVED IT WAS GOING TO ZERO, I WOULDN'T HAVE DONE THIS"

LEGENDARY CONVICTION 🔥

[Daniel Batten @DSBatten]

First a trickle, then a torrent

There have now been 30 papers since 2021 showing Bitcoin solving all three aspects of the energy trilemma:
♻️energy sustainability
🔐energy security (including grid stability) and
💳energy equity

No other technology can address all three concurrently

In fact, many energy experts believed this was impossible

(Source link to all 30 papers with a summary of they says in comments)

[Fred Krueger @dotkrueger]

Google went public in August 2004, and went up 100x from there. But it started at 23 Billion.

Anthropic and Open AI are starting at 1 Trillion.

The difference is not only the valuation, it's the fact that at least 4 players are competing neck and neck for LLMs.

All of them are losing massive amounts of money. Google, in contrast was highly profitable.

AI is going to change the world. But I am not completely convinced about these AI companies.

In contrast, Bitcoin has no competition, and its cheap. All the money printing in the next decade will make it immensely valuable.

[Bit Paine ⚡️ @BitPaine]

*AHEM*

[Andrew Howard @Andrew_J_Howard]

Lately I've seen a lot of Bitcoiners talking about how bad the sentiment is. Here are my thoughts:

You better be using this time wisely.

Right now, you get to see who the real Bitcoiners are. The people still building in this space right now are the ones who truly care about freeing the world from monetary prison.

We don't *just* care about the fiat gains.

Yes, OF COURSE we do care about fiat gains. Anyone who says they don't care about NGU is lying. But that time is not now.

That time will come.

What I care about most is doing the best I can to make sure my country is no longer financially raped by an elitist, parasitic, unconstitutional monetary system that our founding fathers warned against.

The most beautiful thing about the bull/bear cycles is that those who truly understand Bitcoin, those who continue to build during a bear market while sentiment is low and hope feels lost - these people will be the ones becoming the most successful.

Why? Because we are acquiring Bitcoin while the price is lower, while nobody cares about it.

We are building right now while others are distracted with whatever else they're being mentally programmed to feel "hyped" about.

Really quite a notable phenomenon. Bitcoin rewards those who reject the masses.

I've been in this for a decade now. I don't give a shit about bear markets. I like them.

I am devoting all of my time to build with the team at @BULLBITCOIN_ and I wouldn't want to be doing anything else. We know where the world is headed, we know Bitcoin is the next global reserve currency, we actually give a shit about privacy, and we're not funded by sketchy VCs like so many other companies are (Bull has been bootstrapped since 2013).

Now is the time to build, form alliances, help each other out, and prepare for the inevitable adoption of Bitcoin.

The world's most powerful country (USA) and the country it's at war with (Iran) are BOTH pro-Bitcoin...and you're bearish?

The world order is changing and Bitcoin is at the epicenter of this change.

You will look back on these days and wish you did more.

So, do more.

[DontGetMadGetBitcoin ☢️ @getbitcoin108]

This is why @RestoreBritain has a hope of succeeding. No 5th columnists inside.

[H A Y L E Y @Gruodis80]

“The Fabian’s have infiltrated every political party…except Restore Britain. The reason I say that is they (Restore) are looking for them and they put blocks on them. Whereas Reform UK are inviting in Fabian members”

[Mark Moss @1MarkMoss]

MSTR is not Bitcoin.

They are a public company navigating public equity markets

The BTC sale was maneuver to signal rating agencies and credit analysts, demonstrating the tools they can and would deploy to protect pref holders if needed.

In that sense, the sale is not a change of heart, you can see this in the sample size, it’s a signal the company is willing to monetise part of its Bitcoin reserve when its capital structure demands it.

[DontGetMadGetBitcoin ☢️ @getbitcoin108]

Not long now. Maybe 4 months max.

[Joe Consorti @JoeConsorti]

Historically, the best times to buy Bitcoin are when hitting the buy button makes you want to vomit.

Whatever level that is for you, when we approach it, promise your future self that you won't let them down.

LET'S GO 🫡

[Mark Moss @1MarkMoss]

Bitcoin isn't broken, and it isn't being manipulated.

It's being correctly repriced as exactly what it is:
a long-duration liquidity asset, and the AI IPO supercycle is the largest competing claim on risk capital Bitcoin has faced to date.

[DontGetMadGetBitcoin ☢️ @getbitcoin108]

@Eggplant_Elon Same. High time preference is a killer for true wealth.

[Julian Figueroa @kinetic_finance]

I have been in Bitcoin for 10 years.

I have NEVER seen sentiment this bad, on all fronts.

Not 2015, not 2018, not the 2022 collapse.

Something is broken this time, and I think I found out why through 9 charts... 📉

[DontGetMadGetBitcoin ☢️ @getbitcoin108]

@HodlMagoo I’d be ok with this.