Kyle Fisk

#Bitcoin Ninja 🟠🥷

[Kyle Fisk @kyle_fisk_]

If you think #Bitcoin is stupid, then humble yourself to learn it before you miss out on the biggest wealth transfer in human history.

[Kyle Fisk @kyle_fisk_]

STRC's Bitcoin Yield Just Crashed For The 4th Time, But Now It’s Different https://t.co/R3GqS0eZOC via @YouTube @1MarkMoss

[Reads with Ravi @readswithravi]

“You escape competition through authenticity.”

— Naval Ravikant

[Giovanni's BTC_POWER_LAW @Giovann35084111]

https://t.co/zfPivRcjXs

[Kyle Fisk @kyle_fisk_]

The #Bitcoin Capitalist @saylor

[Natalie Brunell ⚡️ @natbrunell]

Michael @Saylor believes Bitcoin can 500x.

The more interesting question is how.

At @BTCPrague, we discuss whether Bitcoin’s path forward is driven primarily by adoption and savings, or by capital flowing in through global credit markets.

We also tackle mNAV, concerns around dilution, and Bitcoin per share.

TIMESTAMPS:
00:00 Why Michael Saylor calls this the most exciting year in Bitcoin history
2:34 Setting the record straight: why Strategy sold 32 Bitcoin
3:55 How Strategy works like a reserve bank built on Bitcoin
6:58 How the company turns Bitcoin gains into payouts - without the tax hit
9:12 Answering the short sellers
11:40 Why a better credit rating could put Strategy in the S&P 500
13:27 Saylor responds to his critics on X
14:47 The constant balancing act: chasing growth without taking on too much risk
16:22 The balance sheet explained: what the company actually owes
20:56 What “digital credit” really means, in plain terms
24:06 What it really costs to raise money
27:31 The trade-off: more Bitcoin per share vs. more risk
41:07 Why idealism alone won’t get Bitcoin there - but big money can
49:42 The “AI summer” pulling money away and when it flows back to Bitcoin

[Kyle Fisk @kyle_fisk_]

@jackmallers @blocktrainer @saylor @Strategy

[Simply Bitcoin @SimplyBitcoin]

Priced in dollars a Big Mac went up 64% since 2010

Priced in Bitcoin it's down 99.9999%

Pick your unit of account

[Kyle Fisk @kyle_fisk_]

@jackmallers @dotkrueger @TFTC21 Yes

[Kyle Fisk @kyle_fisk_]

@jackmallers @bmw999 @dotkrueger @TFTC21 Do you understand?

[Kyle Fisk @kyle_fisk_]

@saylor @jackmallers @ColeMacro #Bitcoin

[Michael Saylor @saylor]

https://t.co/vpJ4mVDwhn

[Michael Saylor @saylor]

Bitcoin Capitalism — my keynote from @BTCPrague 2026.

Digital Capital is the foundation for Digital Credit, Digital Money, Digital Yield, Digital Equity, and a universe of Bitcoin-backed products and services.

Timestamps:

01:37 - The Four Bitcoin Ideologies and the case for Bitcoin Capitalism
03:29 - Bitcoin as Digital Capital: thousand-year capital with a half-life of infinity
06:12 - Bitcoin network snapshot and ~68% dominance
07:41 - What is money? The Austrian view, the conventional investor view, and “Bitcoin is money, everything else is credit”
09:21 - Digital Money and Digital Credit: bitcoin-backed products for fiat-facing investors
11:28 - Digital Credit: an ~$11–12B asset class that was zero 12 months ago
14:54 - Bitcoin’s opportunity: $1T of bitcoin vs. $1,000T of global capital
15:43 - The 10-dimensional model for reaching stranded capital
16:44 - 1) Asset types: commodities, equities, credit, derivatives, real estate, money, and tokens
18:07 - 2) Capital functions: store of value, appreciation, income, collateral, and payments
19:29 - 3) Custody: self-custody, banks, custodians, broker-dealers, prime brokers, and exchanges
20:34 - 4) Jurisdictions: 664,000 legal and regulatory environments for capital
22:03 - 5) Distribution networks: banks, exchanges, payment networks, and $156T controlled by wealth advisors
23:13 - 6) Account forms: retirement accounts, brokerage accounts, insurance policies, treasuries, and trusts
24:51 - 7) Risk: market, currency, duration, regulatory, credit, technical, security, theft, and counterparty risk
26:03 - 8) Liquidity: transforming $350T of illiquid capital with liquid digital assets
28:02 - 9) Investors: banks control ~$200T and need compliant bitcoin-backed products
30:09 - 10) Product characteristics: fixed rate, floating rate, leverage, callability, fees, and structure
30:45 - The 10x10 matrix for channeling global capital into Bitcoin
31:19 - How $10–20T of capital could expand Bitcoin into a $100T network, moving from $70K to $700K to $7M per bitcoin
32:10 - Bitcoin Capitalism as a Darwinian market: winners, challengers, failures, and 1,400 companies tracked by Strategy
34:53 - Existing bitcoin-backed products: @Trezor, @Unchained, @Fidelity, @Fold_app, @Tando_me, @Relai_app, @CashApp, @HodlHodl, @AnchorWatch, @Meanwhile, $IBIT, $STRC, and $MSTR
40:03 - Digital Capital, Digital Credit, Digital Money, and Digital Yield competing with traditional capital markets
41:03 - Digital Money and Digital Yield: better stablecoins and higher-yield bitcoin-backed products
47:27 - 3 ways to participate: savers, investors, and innovators
49:19 - The aluminum airplane analogy: people buy the product, not the commodity underneath
52:29 - Build a ₿ridge to connect $BTC to the global capital markets
53:42 - 10,000 products, 10,000 needs, and 100,000 corporate efforts to change the world

[Kyle Fisk @kyle_fisk_]

@gazza_jenks @saylor @BTCPrague @Strategy @jackmallers They can sell preferred equity (STRC) to raise money as well right?

[Kyle Fisk @kyle_fisk_]

@jackmallers

[₿ Cuz @Bcuz21]

You thought you were learning about money.

Then you realize you’re learning about incentives.
Then psychology.
Then history.
Then power.
Then yourself.

Many assume knowledge is the accumulation of answers. In my experience, it’s the gradual demolition of assumptions you didn’t know you were carrying.

[Kyle Fisk @kyle_fisk_]

@saylor @jackmallers @ColeMacro @PunterJeff @AdamBLiv @saifedean

[Kyle Fisk @kyle_fisk_]

“Bottom Line: All three take in dollar claims, invest them, and manage risks to keep value stable. They differ in legal guarantees, asset choices, and how strongly the $1 (or $100) peg is enforced.”
#Bitcoin

[Kirill @kirillk_web3]

THE NEW ELON MUSK INTERVIEW THAT CHANGES AI FOREVER.

SpaceX is officially pivoting into the ultimate AI infrastructure monopoly.

Bookmark this for the weekend.
31 minutes.

1,000,000 AI satellites.
100M sq ft Terafab.
$75B capital raise.
Total Earth bypass.

IPO → Starship → Terawatt → Solar → Terafab → Infinite Scale

[Kyle Fisk @kyle_fisk_]

Jevons Paradox

[Kyle Fisk @kyle_fisk_]

Wealth gap increasing. Why?

[Kyle Fisk @kyle_fisk_]

The Bitcoin Farmer https://t.co/fvCqLjAfux via @YouTube