BTC Hodlr

Entrepreneur #bitcoin latest news on #crypto. The world is changing before your eyes...BE READY!

[BTC Hodlr @schmeiz]

The best explanation for Bitcoin I have ever heard

[The Wolf Of All Streets @scottmelker]

The case for Bitcoin.

Send this to anyone who asks why Bitcoin matters.

[Watcher.Guru @WatcherGuru]

JUST IN: 🇨🇭 Switzerland officially approves its first spot Bitcoin ETF for retail investors.

[BTC Hodlr @schmeiz]

@JasonL_Capital Cheat sheet

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 US officially finalizes new crypto stablecoin regulations under the GENIUS Act.

[Ash Crypto @AshCrypto]

BREAKING: $5 TRILLION JP Morgan projects Bitcoin will outperform every major asset class over the next 10 years.

YOU ARE NOT BULLISH ENOUGH 🚀

[Ash Crypto @AshCrypto]

This is MASSIVE

🇺🇸 $15.5 trillion BlackRock files for another Bitcoin ETF designed to limit losses if Bitcoin’s price drops.

[Brivael Le Pogam @brivael]

I don't know if you realize what just happened.

Elon Musk is completely bypassing the State.

For 100 years, we've been told the problem is capital. That it must be captured, taxed, redistributed. With an army of intermediaries standing between those who create wealth and the people: ministries, agencies, commissions, bureaucrats.

Musk is doing the opposite. He's taking his capital and giving it directly to the people. One SpaceX share to every kid in America. Not a handout. Not a subsidy. A piece of the machine that's taking humanity to Mars.

And he says it himself: this is the first of many.

Mises understood this back in 1944: the bureaucrat creates nothing. He administers what others created, following rules that have no connection to the value produced. The day value flows directly from the one who creates it to the one who receives it, the bureaucrat has no function left.

That's what's being born right now. A new liberal world order, where the very concept of the State will make less and less sense.

The world we're entering is a world of abundance. AI, robots, energy, space. And that abundance won't come through the State, for one simple reason: we have a century of proof that it doesn't work.

Redistribution was version 1.0. Direct distribution of capital is 2.0.

While France is still debating how to tax builders even more, America is handing stock to its kids.

Pick your side.

[Cole Walmsley @Cole_Walmsley]

If you knew this about Bitcoin, I bet you would start caring about it.

Current Bitcoin computing power is 978 exahashes per second. That is Bitcoin’s hashrate.

In simpler terms, that means the Bitcoin network is doing 978 quintillion calculations *per second*. There is no other computer network on Planet Earth that even comes close to that level of power.

To put this in perspective, since the Big Bang supposedly happened, 435.5 quadrillion seconds have passed. 978 quintillion calculations is 2,246 times that number.

In other words, Bitcoin performs more calculations *every second* than the total number of seconds that have passed in the entire universe’s existence, times 2,246.

And that doesn’t even capture the growth of the Bitcoin network.

In 2013, only four years into Bitcoin’s lifespan, global Bitcoin computing power was 256 times faster than the world’s top 500 supercomputers combined.

In just 13 years since then, the computing power of the Bitcoin network has grown by over 209,000 times.

That would be like the human population going from 8 billion people to 1.68 quadrillion people in a little over a decade.

To put that in perspective, 8 billion seconds ago was the year 1773. 1.68 quadrillion seconds ago was 53,233,962 BC.

If Bitcoin’s computing power has grown by over 209,000 times in 13 years, and that growth rate is the equivalent of going from 53,000,000 BC to 1773 AD, one could say that the Bitcoin network has advanced over 53 million years in a little over a decade.

Such a level of growth is a strong indicator of intelligence.

Do with this what you will.

[Watcher.Guru @WatcherGuru]

JUST IN: $13 trillion Charles Schwab fully launches Bitcoin & Ethereum trading to its 40 million eligible retail clients.

[Sam Badawi @Sam_Badawi]

This is insane.

Tesla $TSLA just demoed a flying Roadster, showing the vehicle suspended in mid-air without falling while positioned over an inverted ramp.

Video is courtesy of @Futurenvesting @CaktusJxck

[The Bitcoin Historian @pete_rizzo_]

BANK OF AMERICA ONCE SAID #BITCOIN "HELPS CRIMINALS HIDE ILLEGAL MONEY"

TODAY, THEY GOT FINED $1,200,000,000 FOR MONEY LAUNDERING 🤡

[Watcher.Guru @WatcherGuru]

JUST IN: Mastercard $MA launches platform enabling crypto stablecoin payments at hundreds of millions of merchants worldwide.

[Bitcoin Archive @BitcoinArchive]

MYTH: "Bitcoin is for criminals."

REALITY: Traditional banks handle over 95% of global money laundering.

[BTC Hodlr @schmeiz]

@JimBreuer I remember this very well when it happened and the thing that stuck with me the most from that story was when Carl also mentioned that he felt Sam’s spirit go through him when he passed.

[Everett Stern @EverettStern1]

Dear Secretary Bessent @SecScottBessent,

My name is Everett Stern. In 2010 I was a compliance officer at @HSBC. From a back office in New Castle, Delaware, I watched billions of dollars move to drug cartels, sanctioned regimes, and terrorist organizations. The enemies of the United States. I documented it, I escalated it, and when the bank would not act, I took it to the @FBI, the @CIA, and eventually the @SECGov.

The result was a $1.92 billion settlement. At the time, it was one of the largest in American history. It was also about five weeks of the bank’s profit. Not one banker was charged. Not one went to prison.

I paid a different price. I lost my career, my savings, and my place in the industry I had trained for. I was blacklisted. Every door in American finance closed at once. I slept on a camping cot in a 300 square foot apartment because I could not afford a bed, and I waited tables at @PFChangs to eat. I tell you this not for sympathy, but so you understand that I know exactly what it costs to do the right thing in American finance, and exactly how little the system does in return.

I made that sacrifice because I believed it would change something.

Yesterday, your department fined @BankofAmerica $1.2 billion for failing to report more than $5 billion in suspicious transactions, some of it tied by your own findings to Chinese laundering networks, narcotics, and the southwest border, alongside 475 apparent sanctions violations touching Russia, Iran, and global terrorism. The bank admitted it willfully violated the Bank Secrecy Act.

Fourteen years after HSBC. A bank with “America” in its name. And once again, not one individual charged.

Secretary Bessent, I want to say plainly what I believe you already know. The fines are not working.

A fine is paid by shareholders, absorbed by the balance sheet, and forgotten by the next earnings call. Bank of America reported earnings this morning. Nobody who set the alert thresholds, nobody who decided the 2024 cease and desist could wait, nobody who chose the backlog over the law will lose a single thing they value. Their lives are untouched. That is the entire reason the behavior repeats.

This is money laundering. This is blood money. Money that reaches a cartel buys fentanyl that kills Americans. Money that reaches a terrorist organization buys the next attack. This country has fought a war on drugs and a war on terror for decades, at enormous cost in lives and treasure, and all the while we have allowed the financing to flow through institutions we charter and regulate. Cut off the money and we win. We have never seriously tried.

There is also a question of equal justice that I cannot let go.

Before I walked into the FBI building to report HSBC, I stopped in front of the Great Seal on the wall and read the words engraved beneath it: “Justice is the defense of our liberty.” I believed that. I still want to. But every day in this country, people go to prison for crimes that are nothing next to moving money for the people who want Americans dead. A suit, a title, and a corporate badge should not be a shield from the consequences that apply to everyone else. If a street dealer goes to prison for what he sells, the banker who moved the cartel’s money should be standing next to him.

I also want to raise something that is rarely said in these conversations. Why has no one inside Bank of America come forward the way I did? The answer is that everyone in American banking knows what happened to me, and to the whistleblowers who came after. The last person who spoke up is the only policy anyone believes. That is a culture problem, and it starts with leadership, in the banks and in the agencies that regulate them.

This is not a political issue. It has spanned administrations of both parties. It is a national security issue, and I am asking you to treat it as one.

Three things would change the math overnight.

Refer individuals for criminal prosecution. Not the analyst in the queue. The executives who set the thresholds and chose the risk. One banker in handcuffs would do more than every fine in Treasury’s history combined.

End “too big to jail.” An institution cannot be too big to fail and too big to jail at the same time. If it is the first, it must be held to a higher standard, not a lower one.

And if Bank of America will not act as America’s bank, review its charter. A national charter is a privilege granted on behalf of the American people. It should be conditioned on not moving money for the people trying to kill them.

Secretary Bessent, you said yesterday that these actions send a clear message that even the biggest institutions are not above the law. With respect, the institution was never the problem. The people inside it are above the law, and they know it. Until that changes, I will keep writing letters like this one, and the next bank will keep paying the next fine.

I gave up everything I had to stop this. I am asking you to use the power you have to finish it.

Respectfully,

Everett A. Stern
HSBC Whistleblower
Founder and Intelligence Director, Tactical Rabbit

[Watcher.Guru @WatcherGuru]

JUST IN: 🇦🇪 Standard Chartered launches Bitcoin and Ethereum trading directly through bank accounts for eligible clients in the UAE.

[Jeff Swanson @theswansjr]

I’m about to tell you something that will piss you off
(but you need to hear it):

You are 50× more productive than someone in 1950.
So why aren’t you 50× wealthier?

Your grandfather built cars by hand.
You design them with computers.

Your great-grandmother calculated by slide rule.
You process data at light speed.

Every productivity gain should have made you richer.
Instead, wages don’t keep up with prices as…

• Houses cost 10× more relative to income
• College costs 20× more
• Healthcare costs 15× more

All those productivity gains should flow back into the economy to everyone. But where did they go?

The banking cartel siphoned it off through money printing.
Every dollar they create dilutes the dollars you earn.
Productivity gains taken.
Right under our noses.
Trillions stolen.

Bitcoin ends the heist.
With hard money, all productivity gains go to holders of Bitcoin.
Thus, life gets less expensive.

Understand?

[Crypto Rover @cryptorover]

BREAKING: 🇨🇳 China orders the development of a nationwide blockchain network as part of its new economic plan.

THE FUTURE OF FINANCE IS ON-CHAIN! 🚀

[Watcher.Guru @WatcherGuru]

JUST IN: 🇹🇭 Thailand to allow Bitcoin and Ethereum ETFs to trade on its stock exchange starting October 16.

[Watcher.Guru @WatcherGuru]

JUST IN: Robinhood $HOOD announces it added $25,000,000 worth of Bitcoin to its balance sheet.

[Ash Crypto @AshCrypto]

BREAKING: 🇷🇺 Russia’s largest bank Sberbank, has been approved as a crypto custodian to offer Bitcoin, Ethereum, and USDT products from December 1.

Russia is going all in on crypto.