Publicly traded non-custodial bitcoin company. TSXV: BTCW. Bitcoin in your wallet, not our IOU. Canada + all 50 U.S. states.
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BlackRock built a bitcoin fund that holds no bitcoin. JPMorgan now says bitcoin will beat stocks and gold. And ETF outflows barely moved the price.
New Bitcoin Well Podcast: @q_liketheletter and @adamobrien on who stands between you and your bitcoin.
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Give your bitcoin away to Larry Fink! He'll keep them safe in his ETF and give you so many tax credits!
@adamobrien on the Bitcoiner’s dilemma: the ETF gets you the tax break, but BlackRock holds the coins.
You don’t have to choose anymore.
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Jamie Dimon told the Economic Club of Chicago that America is the safest place to keep gold because it's protected by “the United States military” and “the rule of law.”.
The club was founded in 1927. Six years later, Washington ordered Americans to hand in their gold at the point of a gun.
Is that the "rule of law" you're talking about, Mr. Dimon?
Rhea
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The Bank of Canada says oil prices are “hitting Canadians at the gas pump.”
Its fix: hit them at the mortgage too.
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Coinbase’s privacy policy: your information is shared with “trusted third parties and service providers.”
Today one of them leaked it.
Another reason to know where you sit on the counterparty ladder. Are the benefits worth the risk and do you even know what the risks are?
Coinbase has not had a data breach.
Amplitude, an analytics vendor, experienced a security incident which impacted a small subset of Coinbase customer contact data, among other Amplitude customers.
We’ve found no evidence of unauthorized access to Coinbase systems, and customer funds were not impacted.
We are notifying impacted customers and regulatory agencies in accordance with our legal obligations.
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BlackRock’s proposed PBIT: options on IBIT cushion about the first 10% of losses. In exchange, your upside is capped.
Generational wealth, with a ceiling.
New Bitcoin Well Podcast with @adamobrien and @q_liketheletter.
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Since 2008, Americans 65 and older went from 38% “thriving” to 53%. Under-30s are at 44%.
Gallup’s suggested reason: accumulated wealth.
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Jason Calacanis this morning: “No one is trying to convince people to buy Bitcoin anymore.”
A day earlier, Coinbase said it powers bitcoin buys in JPMorgan, Citi and PNC’s banking apps.
The pitch moved to the bank. Also, @Jason ask your No Agenda co-host @adamcurry. He's never stopped pitching bitcoin!
A brutal year for Bitcoin is just getting started.
Give me three minutes to explain why you should dump it now.
Outflows from ETFs are signal and will continue.
We will test the 57k low again in the next 12 months.
Why?
Because there are far too many dynamic places to put your money that are creating MUCH more value.
Why put your resources into a dead network that offers nothing beyond a store of value?
What's the point of place the BTC be if Bitcoin's Ponzi-scheme nature has gone away!?!
The viral nature of bitcoin was it's power... if you didn't own you were MOCKED!
Now? Completely reasonable, heck, SMARTER, to ignore bitcoin and place other bets!
No one is trying to convince people to buy Bitcoin anymore... the memes and NFTs are gone.
No one is saying $ BTC can change the world, because it won't — and BECAUSE AI HAS!
Just sell and shift from Bitcoin to Super Intelligence because one provides little to no value, and the other provides unlimited upside for humanity.
This should be obvious to everyone right now.
Bitcoin will never break its all-time high again.
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Bitcoin wealth has outgrown the old playbook.
@BTCFOGroup is building the professional layer around it. Bitcoin Well Infinite is their official partner for bitcoin acquisition and liquidity.
Worth a follow if your advisor still glazes over at “Bitcoin”
Bitcoin wealth has evolved. The professional services surrounding it need to evolve too.
Today, we’re proud to announce The Bitcoin Family Office Group.
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Not the first. Not much. Not yet.
Gold has been made from other elements before.
1. Berkeley turned bismuth into gold in 1980, and CERN's collider has turned lead into gold nuclei.
2. The startup, Marathon Fusion, says it beat CERN's record by 10x. CERN's record was about 29 picograms. Marathon hasn't published how much it made.
3. The "tons of gold" figure is a model for a fusion power plant that doesn't exist yet.
Gold's real supply valve was never alchemy. It's the price, and miners already answer to it.
JUST IN: US startup successfully produces the first ever gold grown in a laboratory
Community note
Gold atoms have been produced in labs for decades via nuclear transmutation (e.g. Seaborg 1980s, CERN picograms); this unverified tiny-scale company claim from Oct 21 is not "first ever," not scalable production, and not "grown" like diamonds.
x.com/MarathonFusion…
learn.apmex.com/learning-guide…
iflscience.com/gold-can-be-ma…
glitchwire.com/news/marathon-…
business-standard.com/world-news/us-…
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Brazil held an election Sunday. By Monday morning, every Brazilian saver had a new exchange rate, and none of them voted for it.
Lula won a comeback, 51.8% to 48.2%, and his supporters celebrated. Markets had bet on the other result.
The dollar went from R$4.99 on Friday to about R$5.60 Monday morning. The stock exchange halted trading for 30 minutes after the opening plunge.
Here’s what that looks like at the kitchen table. R$10,000 in savings bought about $2,000 on Friday. Today it buys about $1,790. Imported wheat, fertilizer, phones and flights abroad are all priced off the dollar, so they now cost more in reais. Paychecks didn’t go up to match.
And it didn’t matter how anyone voted. Winners and losers took the same hit.
That’s what it means for money to be political. Bitcoin’s supply schedule didn’t change Sunday night and it doesn’t change after any election, anywhere.
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Getty Images filed for Chapter 11 this week. Under the plan, shareholders get nothing.
Its business was charging for copies of pictures, guarded by watermarks and lawsuits. Then AI made pictures cheap to make.
Scarcity enforced by a legal department lasts until copies get cheap.
Bitcoin's scarcity isn't enforced by a legal department. Making more of it is the one thing the network won't let anyone do.
getty images spent years watermarking every photo on the internet.
sued stability AI for training on their library. demanded the AI companies pay up. called it theft.
filed for chapter 11 bankruptcy this week.
the AI companies didn't pay. they just... kept going and designers stopped buying stock photos. and the $500 licensing fees stopped making sense when midjourney exists. and the debt piled up.
a company whose entire business model was "we own the visual record of human history, pay us" just got outrun by a model that learned from that record and started giving it away for free.
The irony is that the watermark is still on every image in the archive.
even the ones nobody's licensing anymore.
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If you saw “Samsung is embracing bitcoin” this week, here’s what’s actually launching.
Starting this week, Samsung Wallet lets 82 million eligible U.S. Galaxy phones hold and send USDC. Not bitcoin.
From the partner’s own press release:
No private keys for you to manage. A licensed custodian holds it.
Every user is identity-screened.
Every transfer is monitored for sanctions exposure.
Fast digital dollars, with a gatekeeper on every transfer.
Bitcoin works without one.
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Why is your most tax-advantaged account the one place your bitcoin can't live?
For most people, the long-term savings sit in an IRA and the bitcoin sits somewhere else.
A Bitcoin IRA puts them in the same place. Traditional or Roth. Real bitcoin, not an ETF, at its own on-chain address you can check from your dashboard.
$210 a year, flat. US residents only.
Bitcoin is volatile and can lose value. Not tax advice.
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