raphael @ relai.app

Content @relai_app

[raphael @ relai.app @raphschoen]

🎯

[Bit Paine ⚡️ @BitPaine]

🧵 prediction: ethereum will rush ahead with a hastily designed and implemented “quantum-resistant” hard fork because they are desperate for a new narrative that will stop the bleeding against bitcoin.

this will be hyped by Coinbase.eth and every VC bag holder, accompanied by a narrative that bitcoin governance is too slow and flawed to upgrade against this imminent and existential threat. how imminent this threat is will be left as an exercise to the reader, but it need not matter.

(you can see the basic outline of this coordinated attack forming in real time.)

the specifics never matter. bitcoin wasn’t “full” - we just needed bigger blocks because it would be full, imminently (still isn’t). bitcoin wasn’t using all of the energy on planet earth, but we defined needed proof of stake because it would, imminently (still doesn’t).

crypto grift is a flat circle, my poor exhausted maximalist friends: there is always a narrative. there needs to be a narrative to sell shit to retards. and if you’re wondering why the narratives are always so retarded, well, it’s targeted advertising innit?

it is always loosely aligned and coordinated spontaneously by the usual cadre of aligned interests: casino exchanges, aging crypto-Gypsies holding bags they regret not unloading sooner, and retarded chart traders gooning to whatever fractal pattern confirms their bias.

it will work for a time. after all, there is always a new retard to sell to. and this time you’ll have some of the more modestly iq’d Wall Street boomers get taken in. (look at how easily @JanvanEck3 got baited into shilling a ten year old vc premined shitcoin on cnbc). they will see this as an opportunity to shill some penny-crypto etf product that is beneath BlackRock’s consideration, but it will also assuage their boomer-turd brains that no, they weren’t wrong about bitcoin all this time. it really was doomed all along, you see, because quantum.

$ETH, the mothership of all things unholy in crypto, will pump against $BTC a bit - a lower high than it managed on the merge hype - but nonetheless high enough that last cycle’s top-buyers get to unload on the next generation of top-buyers at an acceptable price, and the crypto-gypsies get to unload a bit more of their cursed premine bags. but more importantly, quantum-eth will bequeath on the panoply of lesser turdcoins a small portion of its manufactured largesse.

what Satoshi did, you see, is prove that you could print digital money - and people would buy it! of course, he made it difficult and costly to print, but once you open that Pandora’s box, it doesn’t easily close. there is always someone who understands that people are fucking retarded, and printing money and selling it to retards is the best business model in the world.

it will all crash again, of course, like a wave function decaying into entropy, but not before grifters sell bullshit to retards.

such it is, as it was, as it will always be (as it were).

I wish this weren’t true, but sadly the incentives have not and never will change

so just mute “quantum” and chill
let’s all vibe with @saylor and go on buying bitcoin.

because that’s still all you need to do.

[The Kobeissi Letter @KobeissiLetter]

To all the crypto investors anxiously watching right now:

Since 2017, Bitcoin has seen:

1. 10+ declines of -25% or more
2. 6 declines of -50% or more
3. 3 declines of -75% or more

Every single decline of the current magnitude or more since Bitcoin's inception has been followed by new record highs.

Disruption is not easy, but it pays when you can sound out the noise.

This is a "routine" crypto bear market which we believe is already closer to its end than its beginning.

Volatility brings opportunity.

[Helen Partz @coindanslecoin]

Bitcoin-only app Relai gets EU green light under MiCA

Switzerland’s BTC-only investment app, @relai_app, has obtained a MiCA license in France, aiming to bring Bitcoin to as many people as possible.

https://t.co/8Jti55p0gj

[Warren Pies @WarrenPies]

GOLD

The current gold secular bull market tracking higher than the early-2000s move and lower than the 1970s bull.

As we have said to clients for years, these secular moves go higher, and last longer, than investors expect.

@3F_Research

[Alex Muresianu @ahardtospell]

Phantom Menace is really the movie for our time

Trade disputes
Dysfunctional political system
Reckless sports gambling

[raphael @ relai.app @raphschoen]

Teach your kids how to make friends in the real world.

Teach them how to think, write, and create without AI.

And they'll most likely be fine.

[MC Squared @mcsquared34]

A new capitalist nightmare just dropped

[Lisa Abramowicz @lisaabramowicz1]

Goldman Sachs expects gold to surge to $4,000 an ounce by mid-2026. If the Fed's credibility gets significantly eroded, GS sees gold nearing $5,000. Gold prices have already doubled in the past three years. https://t.co/N4hfV63WT3

[Alex Stanczyk ∞/21m @alexstanczyk]

US Dollar Gold price chart since 1940.

Serious question, what does this look like to you?

[raphael @ relai.app @raphschoen]

After 8 years in Bitcoin, here’s my personal interpretation of what's happening: The 4-year cycles are dead.

It's a generational handover. OGs are exiting, a new guard is stepping in. For them, around 100k USD per BTC is the starting line, not the finishing line.

Prepare accordingly and buckle up.

Graph source: https://t.co/hUgkSA6A7D

[raphael @ relai.app @raphschoen]

Bitcoin OGs are cashing out, and boomers are buying their bags.

Beautiful.

[ecoinometrics @ecoinometrics]

Bitcoin has climbed from $85K to $119K in just a few months.

The driver? Another strong expansion phase in Bitcoin ETF flows which have moved sharply higher.

It’s the third time this pattern has played out since last year. And each time, the correlation between flows and price action has been clear.

[raphael @ relai.app @raphschoen]

Can't believe that you can buy one whole bitcoin for just $0.118 million.

[Eric Yakes @ericyakes]

This is my X feed now

[Adem Bilican @_adembilican_]

We are bringing Relai and Bitcoin to the next level 💙🧡

I am hiring for a few roles in my team 👨🏻‍💻
- Head of Technology
- Senior Go Developer
- Senior React Native Developer

Let me know if that's you 😉

[raphael @ relai.app @raphschoen]

I think I've found the worst financial advice on this website.

[The ₿itcoin Peach @bitcoin_peach]

I think MSTY is the best financial product for the average person.

$10k in BTC doesn't change your life, but $10k in MSTY generates $545 / month.

$545 a month means:
never cook again
or
new car payment
or
Apartment upgrade
or
stack more BTC

Quality of life > 0.084 BTC

[Relai 🇨🇭 @relai_app]

Relai is hiring! 🚀

We are looking for 5 bitcoiners to join our ranks:

- Head of Finance 💰
- Head of Product 📱
- Head of Technology 🛠️
- Senior Go Developer 🛠️
- Senior React Native Developer 🛠️

All remote jobs 🌏

All jobs in thread 👇

[raphael @ relai.app @raphschoen]

Former @Sothebys CEO posting about Bitcoin demonetizing art.

Probably nothing.

[Tad Smith @tadtweets]

IS $BTC DEMONETIZING FINE ART?

In May of 2017, I led @Sothebys when it sold Jean-Michel Basquiat’s Untitled (1982) for $110.5 million—at the time, the most expensive Basquiat ever sold. Back then, Bitcoin had just crossed the $2,000 mark. That means the buyer could have paid the equivalent of approximately 55,250 Bitcoin for the painting.

Fast forward to July 2025: Bitcoin now trades around $117,475. At today’s price, the same $110.5 million would only require about 941 Bitcoin.

So in Bitcoin terms, the Basquiat has lost about 98% of its value.

This is more than a financial curiosity—it’s a powerful illustration of a deeper shift: Bitcoin is demonetizing traditional stores of value. For decades, the ultra-wealthy have parked capital in fine art—not just for its cultural or aesthetic significance, but as a way to preserve wealth in the face of inflation, capital controls, or geopolitical risk. Art, like gold, real estate, or vintage watches, has long carried a monetary premium beyond its intrinsic or expressive value.

But art has limitations. It’s illiquid, expensive to store and insure, difficult to value objectively, and highly inefficient from a tax perspective. Bitcoin, by contrast, is digitally native, perfectly scarce, portable, divisible, verifiable, and increasingly liquid worldwide. And, crucially, it has dramatically outperformed every traditional store of value over the past decade.

The fact that a major Basquiat masterpiece has collapsed in value relative to Bitcoin—from 55,000 BTC to under 1,000 BTC—is not just a data point. It’s a signal. It suggests that Bitcoin is absorbing the monetary premium once assigned to assets like art. Not because art has lost its meaning or cultural power, but because Bitcoin is simply better at performing the monetary role.

To be clear, Bitcoin isn’t replacing art as culture. It’s replacing art as money. And that shift is well underway.

This week I will be speaking at an Art Tech conference by @ChristiesInc on a panel hosted by @robtfrank of @CNBC (the wealth reporter) on the topic of Art as an Asset Class. Perhaps we will have a chance to talk about $BTC!

[The Kobeissi Letter @KobeissiLetter]

Truly incredible:

The S&P 500 in Bitcoin terms is now DOWN -15% year-to-date.

Since 2012, the S&P 500 in Bitcoin terms is down -99.98%.

We are all witnessing history.

[raphael @ relai.app @raphschoen]

Nothing stops this train.

[Vivek Sen @Vivek4real_]

🇺🇸 BLOOMBERG TERMINAL IS NOW SHOWING #BITCOIN PRICE IN MILLIONS 👀

HERE WE GO!!! 🚀

[Gwart @GwartyGwart]

Forbes should do a 30 blockchains under 30 organic users