"Owning bitcoins is one of the few asymmetric bets that people across the entire world can participate in."
The Bullish Case for Bitcoin is now published as a single shareable article:
https://t.co/q0pMX04Bcb
BitVM is awesome but it’s so damn risky.
EVM Contract AND Zcash Soundness Error (alleged) bugs this week. You take on all that surface area of risk when you bridge your Bitcoin.
zcash devs: yeah so there's this bug we're fixing don't think anyone has exploited, orchard pool shielded transactions are paused until ~ 11pm et. miners need to hard fork. we’ll let you know what the issue was after fork.
market: understood. send it to $600 with haste.
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.