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Joined November 2019
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E153: The Great Capital Shift: Bitcoin, AI, & The Importance of Personal Branding w/ @RobinSeyr
@RobinSeyr is one of the hardest-working Bitcoin podcasters in the space. His mission is clear:
"I will not shut up about Bitcoin until it’s the base layer of the financial industry."
Michael Saylor's Strategy just booked $19.5B in Q3 profit, its biggest quarter ever. EPS: $44.75 vs $13.86 expected.
Saylor: "We feel like we're entering a bull market." Hours later a Binance hack scare dragged Bitcoin to $77K.
Clip: Strategy Q3 earnings call · Data: Strategy, Investing.com, CNBC, CoinGecko
Featuring @saylor @Strategy
Michael Saylor's 848,517 BTC are now only about 6% above Strategy's $75,446 average cost, hours before Q3 earnings.
Saylor: "We think we're at the beginning of a bull market." Meanwhile spot ETF buyers' average cost sits near $81,500, already underwater.
Clip: Bloomberg Crypto · Data: Strategy 8-K, CoinDesk, Glassnode, CoinGecko
Featuring @saylor @Strategy @CoinDesk @glassnode @crypto
Mining isn't solving a math problem. It's guessing.
Miners change one number, hash the block, and check if the result is low enough. Trillions of guesses a second, worldwide.
The winner isn't the smartest. Just the one who guessed right.
Bitcoin Twitter went crazy: @GrantCardone's $1M bet that BTC hits a new high by 2028 just cleared 1.5M views. @brian_armstrong wants an inverse-Calacanis index. @BitcoinMagazine dropped Bitwise's $1.6M target and Hagerty on the US reserve.
Also in the mix: @dotkrueger's matching $1M bet and @Cointelegraph on public cos stacking 1.3M BTC.
Senator Bill Hagerty says growing America's ~200,000 BTC reserve "could come very soon" once the Clarity Act gets done.
The catch: no new deficit spending. Meanwhile Bitcoin slipped under $80K and $356M in bets got wiped.
Clip: Bitcoin Magazine / BMTV · Data: CoinGlass, CoinGecko
Featuring @SenatorHagerty @BitcoinMagazine @watchbmtv @coinglass_com
Bitwise just raised its 10-year Bitcoin target from $1.3M to $1.6M, even after a 50%+ crash.
Matt Hougan: "Bitcoin is better positioned today than at any point in its past."
Clips: Bitwise, CoinDesk · Data: Bitwise LTCMA, CoinGecko
Featuring @Matt_Hougan @Bitwise @CoinDesk
"Easy and secure are almost like two different ends of a spectrum." Buying IBIT is easy. Holding your own stack securely and privately isn't. @shaunsomers on self custody.
So who owns Bitcoin's ledger? Nobody, and everybody.
No company holds it. No government can seize the master copy, because there is no master copy. Every full node has the whole thing.
That's what collectively owned actually means.
BlackRock's Bitcoin ETF just pulled in $261.8M in two days. All spot Bitcoin ETFs: +$286.3M, right after ~$774M walked out.
And today Thailand's Supreme Court ruled Bitcoin is legal property. The Fed decides in hours.
Clip: CNBC · Data: Farside, Bitcoin Magazine, Watcher.Guru
Featuring @BlackRock @iShares @CNBC @FarsideUK @BitcoinMagazine @WatcherGuru
Fed day. Kevin Warsh decides at 2 PM ET, and futures price an 82% chance rates are higher by December.
Inflation: 3.7%. Bitcoin: ~$81K. And one whale just pulled 11,330 BTC (~$903M) off Binance.
Clips: Federal Reserve, IMF · Data: CME FedWatch, BLS, Onchain Lens
Featuring @federalreserve @OnchainLens @CMEGroup
Jason Calacanis to his 1.8M followers: dump Bitcoin now. His call: a retest of the $57K low within 12 months, and "Bitcoin will never break its all-time high again."
His evidence: ~$774M of ETF outflows in two days. His own bet: "long $tao."
Clip: This Week in Startups · Data: Farside
@Jason @twistartups @FarsideUK
Your seed phrase is 12 or 24 words from a fixed list of 2,048.
The words alone aren't the secret. The order is.
Treat it like the only key to your house, because it is.
Jason Calacanis to his 1.8M followers: dump Bitcoin now. His call: a retest of the $57K low within 12 months, and "Bitcoin will never break its all-time high again."
His evidence: ~$774M of ETF outflows in two days. His own bet: "long $tao."
Clip: This Week in Startups · Data: Farside
@Jason @twistartups @FarsideUK
Coinbase's CEO: "you can't invent anything that will increase Bitcoin supply. There will only ever be 21M."
~20.1M already mined. IBIT took all $110.3M of yesterday's ETF inflows. His 2030 target: $400K.
Clip: CNBC · Data: Farside
@brian_armstrong @coinbase @FarsideUK
Galaxy just called it: Bitcoin's bear market ended in June.
Spot ETFs added ~87,000 BTC since the low, and Alex Thorn sees no reason BTC can't retake $125K. His tripwire: a weekly close under ~$76.5K.
Clip: What Bitcoin Did · Data: Galaxy Research
@intangiblecoins @glxyresearch @galaxyhq
Back to the ledger idea.
Your bank keeps its own books and asks you to trust them. Bitcoin flips that. Thousands of nodes keep the same books, check every entry, and reject anything that doesn't add up.
Verification replaces trust.
Saylor's Strategy bought 0 BTC this week and spent $204.9M buying back $STRC instead.
Matt Cole's Strive bought 6,182 BTC for $511.4M. Saylor's reply: "Congratulations."
Clips: Best of Bitcoin · Schwab Network · Data: SEC 8-Ks
@saylor @ColeMacro @Strive @Strategy
Ben Cowen drew the line at $83K. Bitcoin just closed below it again.
His checklist: Fed Oct 28, hot PCE Oct 29, oil ~$120. Meanwhile spot BTC ETFs bled $773.5M in two sessions.
Clip: Benjamin Cowen (YouTube) · Data: Farside
@benjamincowen @FarsideUK
Saylor to Strive's CEO: "Strive for Bitcoin."
Strive holds 36,818 BTC (#4 public) and just raised $630M. If the ~$608M net all went to BTC, ~7,372 more coins would pass Metaplanet for #2.
Clip: Best of Bitcoin · Data: The Block / Cointelegraph
@saylor @ColeMacro @Strive