Bitcoin (BTC)

When I gave this speech in October 2022, Bitcoin traded near $20,000, Strategy held 130,000 BTC worth about $2.6 billion, and $MSTR was ~$24 split-adjusted. Weeks later, after Bitcoin fell below $16,000, our debt exceeded the combined value of our BTC and cash reserves by ~$300 million, and $MSTR fell into the $13 range by year-end. We stayed focused, strengthened the company, and executed our strategy. Since then, Strategy has raised over $60 billion of additional capital and invested it in Bitcoin, adding more than 716,000 BTC. Today, our BTC and USD reserves exceed debt by ~$48 billion. Thank you to everyone who believed, endured, and took the long view.

Hassan Bassiri: There are three things to watch for the next 6-12 months in crypto... 1. Watch for capital rotation from AI and stock market wealth back into the majors. 2. Watch Saylor - if he sells even a little Bitcoin to bolster reserves, the overhang clears. 3. The midterms: if Dems win and the CLARITY Act isn't passed yet, "CLARITY gets killed." "Markets are like a pendulum and right now we're getting to the extreme - and it'll swing back." FT @HassanBassiri @LG @Doucet.

The smartest way to control Bitcoin is not to ban it. It is to let everyone buy the version someone else holds. ETFs. Treasury companies. By credible estimates, more than 10% of all the Bitcoin there will ever be now sits behind a single custodian, in a single jurisdiction, reachable by a single order. The Bitcoin they cannot reach is the Bitcoin no single party controls. That is the entire design of multi-institution custody.

$700 BILLION VISA CEO SAYS #BITCOIN AND CRYPTO WILL BOOM LIKE "E-COMMERCE IN THE 1990S" SOON WE WILL SEE "MASSIVE ADOPTION IN THE NEXT DECADE" IT'S COMING 🚀 https://t.co/H2dcHTlS3Q

BINANCE FOUNDER CZ ISSUED A MASSIVE WARNING: “QUANTUM COMPUTING MAY BREAK EXISTING ENCRYPTION” CURRENT CRYPTO SYSTEMS MAY BE AT RISK THE TIME FOR #BITCOIN TO UPGRADE HAS COME 👀 https://t.co/EWkVllcJ3X

ONE OF THE LARGEST DAMS ON PLANET EARTH POWERING #BITCOIN MINING IN PARAGUAY CLEAN ENERGY POWERING ETHICAL GLOBAL MONEY THE FUTURE IS BRIGHT🔥 https://t.co/nrKH4MDA8U

One of the reasons I’ve remained so insanely bullish on Bitcoin amidst this downturn is we’ve had some of the most insanely bullish MOE news out of @Square/@CashApp over the course of the last year. Using Bitcoin purely as a store of value is fine, do what you want with your money. It’s none of my business. But personally, I am insanely stoked about what @jack, @milessuter and their teams are doing to make medium of exchange adoption flourish. I personally use Bitcoin as a medium of exchange every single chance I get, whether online or in person. Beyond the delicious grass‑fed beef and tallow fries / tallow tots, it’s one of the reasons I love going to @SteaknShake. Spending Bitcoin is good. I think as many people should spend Bitcoin as possible. What Square has done on the merchant side and what cash app has done on the customer side are a HUGE step toward removing any remaining friction in the everyday spending process. Again, do what you want with your bitcoin. Personally, I like to spend (and r

sharing this before anyone else does and embarrasses me. no, i was not drunk. yes, i did get my ass handed to me. but did I get back up? absolutely. https://t.co/iCYggQdFrg

Hard Questions: Bitcoin's Security Model Lukas' / @LukasHozda concern about Bitcoin's security model: the subsidy halves every four years, and the white paper assumes transaction fees will eventually replace it. So far this has not been tested because the price has roughly doubled every four years, making the subsidy worth more in fiat terms each cycle. But the price cannot go up forever, and the fee market has not proven itself. During the April 2024 halving a few consecutive blocks saw fees exceed the block reward a promising sign. But it was brief, and nothing is guaranteed. Bitcoin Takeover S17E16.