JB

[Bitcoin Well @bitcoinwell]

A gold analyst just made the best case for bitcoin I've heard all year. By accident.

His whole thesis: "the beauty of gold is it's not used for anything." Send gold to $1,000,000 and nobody gets hurt. Send corn to $1,000 a bushel and people starve. Send oil there and the economy collapses. A reserve asset has to be useless, because money that doubles as something people need to consume punishes everyone the moment it goes up.

He's right. He just stopped one step short.

Gold still has day jobs. Jewelry, electronics, dentistry. Bitcoin is used for even less. It was built to be money and nothing else. No industrial demand fighting its monetary demand, nothing to melt down, no factory waiting on the supply.

Gold is useless enough to be great money. Bitcoin is useless at everything except being money. Same principle, taken to its logical end.

The purest reserve asset isn't the one with the fewest uses. It's the one with none.

[Lawrence Lepard, "fix the money, fix the world" @LawrenceLepard]

Bitcoin is a REVOLUTION.

It is much more than number go up. It is an invention which can free humankind from the long sad history of monetary debasement, which empowers few and taxes everyone else. In a fiat system the wrong people win. We all pay for it. It is unjust and unfair. Throughout all of human history we never had a monetary standard that did not dilute over time. Now we do. Those of us who are partisans and are fighting for it understand the stakes. Freedom, fairness, prosperity, less war, etc.

Unsound money is the issue of our age. Currently few see it, but this will change. This Fourth Turning is well on its way and the monetary issue will be resolved.

As I observe the current Bitcoin landscape and the attacks on its leaders i am reminded of the opening of Thomas Paine's second writing, The American Crisis. Written in December 1776 after Washington had gotten his ass kicked on Long Island and retreated from Brooklyn and through New Jersey, Paine wrote:

"These are the times that try men's souls. The summer soldier and the sunshine patriot will, in the crisis, shrink from the service of their country: but he that stands by it now, deserves the love and thanks of man and woman. Tyranny, like hell, is not easily conquered; yet we have the consolation with us, that the harder the conflict, the more glorious the triumph. What we obtain too cheap, we esteem to lightly: it is dearness only that gives everything its value."

Sound money has to win. Sound money will win. History will be kind to sound money partisans. This is about a lot more than number go up. Don't forget why we are in this fight. Spread the word. The system they run is evil. We know the antidote. Time is on our side.

[MarylandHODL #BIP-110 (aka The Transition) @MarylandHODL21]

https://t.co/eCc3itgWsR

[ᏦᏋᏋᏦ® @KikiF_7]

Dear England, We just wanted to make you aware; We have officially adopted the Scots. They are family now. We will be in touch to negotiate your visitation rights.

Signed, The Americans.
🦅🇺🇸💪🏴󠁧󠁢󠁳󠁣󠁴󠁿🫶 #Scotland #America🇺🇸

https://t.co/facOKOMmeo

[JB @jbmills1]

ἀλήθεια (aletheia) — truth; what is real, reliable, and unconcealed | Lemmalink https://t.co/FnNh2S8p5X via @pinterest

[hodlonaut #BIP-110 @hodlonaut]

“So then, the (21M) cap is irrelevant when Jane Street can fabricate unlimited synthetic supply through undisclosed derivatives stacked on top of its own ETF inventory.”

Now we know the answer to the price mystery. And color me not surprised.
Paper bitcoin…

[Eric Balchunas @EricBalchunas]

BlackRock just dropped the official S-1 for it's upcoming iShares Bitcoin Premium Income ETF.. no fee or ticker yet. The strategy is to "track performance of the price of bitcoin while providing premium income through an actively managed strategy of writing (selling) call options primarily on IBIT shares and, from time to time, on ETP Indices."

[MarylandHODL #BIP-110 (aka The Transition) @MarylandHODL21]

https://t.co/19EgCtgKx4

[Wes Huff @WesleyLHuff]

Lord have mercy 😔. Lord come soon.

[Fernando Nikolić 🇦🇷 🟠 @basedlayer]

Jack Mallers’ appearance on Bloomberg is NO EXAGGERATION one of the sharpest 9-minute Bitcoin segments you’ll find this year.

Here’s what stuck with me:

– Performance in dollars is a distraction. “The only metric that matters: Bitcoin per share.”

– Scarcity isn’t a narrative device. If you want more Bitcoin, you PAY UP.

– Altcoins? Tech stocks at best. Bitcoin is gunning for the world’s $400T store of value market.

– “I’ll never own another asset outside of Bitcoin.” Not diversification but CONVICTION.

– The real use case: You create value, you want to keep it. Bitcoin is the answer.

Mallers doesn’t hype.

He just points at the inevitable.

[Jack Mallers @jackmallers]

Warren Buffett built a capital allocator that grew value per share.

We do the same, except instead of Coke, we grow value with the best performing asset ever.

$XXI brings Bitcoin-native to capital markets. We’re hopeful to go public in Q3 with 42k+ BTC.

[BibleProject @bibleproject]

What happens in the wilderness?

[BibleProject @bibleproject]

Step into the podcast studio with Lindsey and get a glimpse of a special new episode. 🎧 ✨

[Justin Bechler #BIP-110 @1914ad]

Forget the Strategic Bitcoin Reserve, it’s political fiction.

Here’s something real, bulletproof and actionable: BitBonds from VanEck

I dug deep trying to find holes. This thing holds water!

🧵👇

[Adam Simecka @AdamSimecka]

Game. Set. Match. 😳

You need to watch this.

[Hunter Horsley @HHorsley]

As nations trust each other less. As corporations have more difficulty doing business.

A global, digital, apolitical store of value — controlled by no nation — looks increasingly differentiated.

Bitcoin's place in the world has never been more valuable.

[Ed Juline @ejuline]

Phenomenal presentation today by Phong Le, CEO of @Strategy, at the MIT Bitcoin Expo. One of the most powerful and important presentations out there on bringing #Bitcoin to the early majority!

[Michael Saylor @saylor]

$BMAX provides retail and institutional investors with exposure to convertible bonds from companies like $MSTR, $MARA, and $RIOT that utilize Bitcoin as a Treasury Reserve Asset.

[Michael Saylor @saylor]

The Strategic Bitcoin Reserve represents a strategy for U.S. digital supremacy in the 21st century. In this presentation, I discuss why Bitcoin is critical to our nation's prosperity and how America can become the global Bitcoin superpower.

[Michael Saylor @saylor]

I shared this today at the White House Digital Assets Summit. https://t.co/cmOXdDC9pd