Custody your own coins. Be your own bank. Don’t let them fractional reserve bitcoin …even during the short transition.

Why does Ukraine have a bitcoin treasury? It is one of 6 countries that have disclosed bitcoin purchases / treasury position? Seems odd given the conflict centered upon it and all the global attention. Other countries listed: USA, China, UK, Bhutan, El Salvador Source: Onramp Terminal

The signal is that they’re *avoiding* #bitcoin.

Where is the supply shock?

These are simply trash terms. They have to get better. Longer duration, lower rates. I don’t know what changes … but something has to. There is no way to capitalize an operating business with these terms. The implication of these rates is that anyone who owns any physical assets generating cashflow should sell all of those assets and just buy / hold bitcoin. Which holds to the thesis but let’s stop pretending that there is another move out there. All assets are mispriced (too expensive) in bitcoin terms. Buy and hodl bitcoin until all other assets are repriced. View quoted note →

We haven’t pumped on a % basis … absolute numbers are meaningless. Exponential growth is about %s not absolutes. I’ll feel something when we’re up 20% daily a few days in a row. We need to have expectations that our “pump” means we at least head towards $300k. A face-melting pump is pushing us towards $1M. $110k is nothing…$125k is nothing…$200k is the *start* of calling a pump. View quoted note →

David Bailey on Twitter scrambling to keep control of the narrative. “Long your longs…” -DB, January 18, 2025

“Long your longs.” - David Bailey Jan 18, 2025

Was TRUMP announced at the Crypto Ball and were attendees given the chance to front run the rest of the market?

Anchored at $105k/btc exchange rate. Who is anchoring? Why? These chopsolidation levels are setting future floors but they’re also annoying AF.