The problem with altcoin treasury companies is that the asset side of their balance sheet is far less liquid and far less scarce than bitcoin. Altcoins can’t accrue value long term, they will continue to be demonetized by bitcoin.

BREAKING: Australia now Socialist Country More than 50% of voters now rely on government for their main income! A culture of dependency and entitlement has taken root and this is how Prime Minister Albanese now says with certainty he WILL win the 2028 & 2031 elections

A great episode of the Stephan Livera @stephanlivera Podcast is the one recently dropped, with Cory Klippstein @coryklippsten as a guest Main take aways: 1) only two Altcoins had 2 ATH in terms of Bitcoin (XRP and DOGE). All the rests after an ATH in 2013/2017/2021 they never made a new one 2) If we are on the “Bitcoin side” and we want that Bitcoin wins, we should welcome institutional adoption 3) What we call now Bitcoin Treasury companies (MSTR, Metaplanet etc), should be called Bitcoin Treasury Leverage companies, because they use leverage to buy Bitcoin. Bitcoin Treasury Companies should be the one who put Bitcoin in the balance sheet but they don’t use leverage. @coryklippsten it would be great to have you in the second season of the podcast Store of Bitcoin 😊🙏🏻 Let me know if interested! Link:

Quantile Model Update Bitcoin Price: ~$120K Risk Score (current quantile): 72% 120K is the new base

Had a great time catching up with @stephanlivera on Bitcoin, LBEs, crypto regulatory capture and more:

NEW: @SenLummis, @SenatorTimScott, @SenatorHagerty & @berniemoreno have released a "discussion draft" of the CLARITY Act (digital asset market structure legislation). Language re: developers of non-custodial Bitcoin and crypto tech NOT being money transmitters is in the draft.

🧵 TL;DR: The next Bitcoin war won’t be about forks or custody It’ll be about meaning And who gets to define it The answer isn’t to gatekeep It’s to protect plurality Watch the full convo w/ @stephanlivera here:

The bull market is here but something feels different this time Retail is quiet Narratives are splintered Nobody agrees on what Bitcoin even is anymore Here’s why that’s not a bug (hint: it’s the future) ft. clips from my chat with @stephanlivera ↓ 🧵

a path towards bitcoin as everyday money

At Block, we’re building toward a world where bitcoin is everyday money - not just a store of value. To realize this vision, we need congress to modernize the regulatory frameworks to support this.