JP

Fitness | Family | Bitcoin 🇦🇺

[Yano 🟪 @JasonYanowitz]

Crypto is about to get very exciting.

A few crazy mainstream moments that are 3-6 months out from becoming public.

Optimists will be rewarded.

[Etherealize @Etherealize_io]

Standard Chartered’s Geoffrey Kendrick explains his $40,000 ETH price target by 2030

“I think a lot of [tradfi activity] happens on Ethereum Layer 1. I think about how BlackRock rolled out BUIDL, for example — all on layer 1 Ethereum… which I think is a more logical playbook for how tradfi will approach this buildout in the next year. And if you assume that more activity equals higher token price — which I think is correct (today I find the best measure is fees paid on the applications or protocols built on the Ethereum network) — I think that means ETH outperforms now and for the foreseeable.”

Geoffrey Kendrick is the Global Head of Digital Assets Research at Standard Chartered and former Head of Asia FX & Rates Strategy at Morgan Stanley. He believes the ETH/BTC ratio will go from 0.03 today to 0.04 by the end of 2026, which is a $4,000 price target for ETH at $100,000 BTC.

“My long-term forecast is $500,000 BTC by 2030 and $40,000 Ethereum by 2030… roughly 20x [for Ethereum], but a huge outperformance [versus Bitcoin] as well. And it’s because all the use cases we’ve been talking about, will almost all happen on Ethereum.”

Source: @MilkRoadMacro @milkroaddaily (Mar 2026)

[VirtualBacon @virtualbacon]

BlackRock now has a Bitcoin ETF that owns zero Bitcoin. It started trading on the Nasdaq today, and the ticker is BITA. Worth understanding what you actually buy here, because the name does a lot of work that the structure does not.

It is the iShares Bitcoin Premium Income ETF. The pitch is a 15 to 25% annual yield on Bitcoin exposure. That number is real, and the way it gets there is the whole story.

BITA does not hold spot Bitcoin. It holds shares of IBIT, BlackRock's spot Bitcoin ETF, and then it sells covered calls against those shares. A covered call is an option you sell that gives someone else the right to buy your position at a set price. In return for that right, they pay you a premium upfront. That premium is where the 15 to 25% yield comes from. You are renting out the upside on your Bitcoin and getting paid cash for it.

So here is the trade you are actually making. In a flat or choppy market, you collect the premium and you win, because Bitcoin is not going anywhere and you are getting paid to hold it. In a slow grind higher, you collect the premium and you capture roughly 70% of the move, which is the number BlackRock is targeting. But in a violent rip higher, the kind Bitcoin is famous for, your calls get exercised, your upside is capped, and you sit there watching spot run away from you while you keep the premium and not much else.

This is an income product wearing a growth product's name. It is built for someone who wants Bitcoin exposure plus cash flow and is willing to trade away the explosive upside to get it. That is a completely valid thing to want. Retirees, income-focused accounts, anyone who would rather clip a coupon than ride the full volatility.

What it is not is a bet on Bitcoin going to a new high. If your thesis is that Bitcoin runs hard from here, the covered-call structure is working directly against that thesis. You would capture more of that move just holding IBIT or spot.

The interesting part is what it signals. The covered-call ETF is the product you build when the audience for plain Bitcoin exposure is already saturated and the new money wants yield, not just a number that goes up. That is a more mature market than the one that existed two years ago. Know which product matches your actual thesis before the yield number does the deciding for you.

[Austen Allred @Austen]

Somebody has to be the richest person on the planet.

The fact that it’s the guy who popularized electric cars, made rockets reusable, and is working on curing blindness and paraplegia as a side quest seems fair to me.

[Eric Balchunas @EricBalchunas]

ALL SET: the iShares Bitcoin Premium Income ETF $BITA is launching TOMORROW (tue). Confirmed by Nasdaq. Also, the ETF will target 15-25% annual yield while trying to capture at least 70% of bitcoin's upside in process.

[Nick Huber @sweatystartup]

Overheard at my local pub:

"I'm 60 years old and don't have enough money to retire and Elon Musk has a trillion dollars. Its a messed up world."

The guy was sitting at a pub drinking $7 beers for like 3 hours.

[Dan Held @danheld]

What Bitcoin has taught me:

Finance
Economics
Psychology
Public Policy
Game Theory

What college teaches this?

[Anthony Pompliano 🌪 @APompliano]

As a Tesla shareholder, I hope @elonmusk merges Tesla with SpaceX as soon as possible.

Give us one company to bet on this generation’s greatest entrepreneur.

$TSLA $SPCX

[Tim Cahill AO @Tim_Cahill]

Congratulations to Tony Popovic, staff and the @Socceroos on an inspirational 2-0 win over Turkey.
Togetherness, belief, fight and class on and off the pitch. Most importantly, a team that respects every opponent while continuing to compete with the best on the world stage.

[Wealth Squad Chris @Chrissssjohnson]

Wealthiest man in the world
“I own Bitcoin”

Founder of the largest asset management company in the world
“I own Bitcoin”

Founder of largest hedge fund
“I own Bitcoin”

Co-founder of the largest company
“I own Bitcoin”

Dude who barely finished 12th grade
“Bitcoin is a scam

[ᜰ 🇦🇷 @markklfc]

Roy Keane on Turkey losing 2-0 to Australia national soccer team in their World Cup opener:

🗣️ “I don't want to hear excuses. Before the match, everyone was talking about Turkey as if the three points were already in the bag. Well, football doesn't care about predictions.

Australia looked like a team playing for their lives. Turkey looked like a team waiting for something to happen. That's the difference. One side competed, the other side expected.

What annoys me most is the attitude. You can forgive mistakes. You can forgive missed chances. But you cannot forgive a lack of urgency at a World Cup.

Australia won the physical battle, the mental battle, and in key moments they won the football battle too. That's embarrassing if you're Turkey because they were supposed to be the team making the statement tonight.

Some players will look at the tactics, some will blame luck, and some will point fingers elsewhere. Nonsense. Start by looking in the mirror. World Cups are not won by talent alone.

The harsh reality is this: Australia arrived believing they could win. Turkey arrived believing they should win. One mindset creates history. The other creates headlines like this.”

[World Cup 2026 @WorldCupMedia_]

🚨 FULL-TIME!

🇦🇺 Australia 2-0 Türkiye 🇹🇷

Australia begin their World Cup journey with a 2-0 victory over Türkiye. 🔥

[Matteo Pellegrini @matteopelleg]

The first trillionaire is a bitcoiner

[Ansem @blknoiz06]

fast forward 12 months from now & it'll be apparent to people why crypto is important again

[Eric Weiss ⚡️ @Eric_BIGfund]

SpaceX is building the future.

Bitcoin is on the balance sheet.

Connect the dots.

[Andreas Steno Larsen @AndreasSteno]

Would be fun indeed

[SpacBobby @SpacBobby]

$RKLB - This is an insane stat yet not surprising…

Peter Beck said about 30% of everything that went into space last year had a Rocket Lab logo on it somewhere.

I love $SPCX but we are still early days on Rocket Lab!

[Michael Saylor @saylor]

Congratulations @ElonMusk and $SPCX on a historic IPO.

Thanks to you, 25% of the Mag8 now holds Bitcoin on the balance sheet.

[Sunny Long @real_sunny_long]

$RKLB

The market will sort itself out.

SpaceX is worth 2.17 trillions
Rocket Lab is worth 0.066 trillions

Rocket Lab is the closest competitor to SpaceX.
Let that sink in.

[Rocket Lab @RocketLab]

Rocket Lab is being added to the Nasdaq-100 Index.

This is a landmark moment for the team. We're incredibly proud of what we’ve achieved, and even more excited about what is still to come.