I think we need to reframe supply and demand to Demand and Supply.
There generally isn’t random demand for a given supply. There’s usually demand, or a need to be met, and therefore a supply is identified, extracted, manufactured, and streamlined to facilitate.
The same Demand Supply dynamic can be applied to #bitcoin as a global need, only in this case the supply was ‘discovered’ and will not change. What a unique circumstance.
How is no one talking about the coordinated tax harvesting by the #bitcoin ETFs?
ETF’s launched Jan 2024, and the multibillion dollar outflows started the last week, 2 months before the tax deadline.
It’s obvious that profits are being taken, triggering long-term capital gains, and likely used to pay 2024’s taxes. Then they reallocate to the ETF now that the price dropped, and sell off again this time next year to pay their 2025 gains. Rinse and repeat.
And that’s just the US. Don’t forget all the foreign allocators with different fiscal years and other incentives.
#btc #gm #pv
The free market will push for favorable #bitcoin regulations.
The free market will opt for using #btc to purchase items - those with >10btc and <1btc will use it first, and those in between will use it last.
The incoming class of politicians and technologists are internet native, or close to. Their constituents will have been born into the internet.
Until the current ruling class is phased out, the free market will be hindered from choosing the bitcoin network as a primary (and eventually only) vehicle to transact.
Working on a concept called the ‘Bit-Zone’ or ‘BZ’ for short.
Thesis of this dual state of existence of a fiat world while transitioning to a bitcoin world. While this is in slow undetectable progress, there will be inevitable Tipping Points.
The most pivotal of the tipping points to break out of the Bit-Zone is energy:
Energy production will generate btc (mining), that energy will be sold for btc, and the btc earned will fund expanded energy infrastructure.
A second tipping point that’s important for society to onboard the bitconomy is an overhaul of tax law - to be discussed in a separate thread.
The BZ is easy.
#BZ #bitcoin #btc
The #bitcoin community really needs an open sourced and standardized educational curriculum for grades K-12, undergraduate, and grad school students.
This curriculum could be broken down by grade level, and area of expertise, from the philosophy of the technology, to Bitcoin the network and all the technical concepts, to bitcoin the asset and its effect on markets and the macro economy at large.
My fear is students, who are the future of our world, are not equipped with sufficient skill sets to enter the workforce and drive meaningful change, in particular to this special protocol. And what’s more concerning is the rise of #AI and how fewer young people will be able to have significant impact in the world.
By forming this open sourced curriculum, accompanied with strategic state-funded (not federal) partnerships, it’s possible we will see the rise of a bitcoin-native generation instead of telling them to guess what they should do with no real direction for their futures as we literally enter the most confusing and change-filled time in human history.
To close, as a former MBA student, I have been disgusted by the lack of focus on this field. Schools cannot do it from within, they need us to help.
Thoughts on #bitcoin price dump from $106k to $97k the last week:
The hash rate went from 750 EH/s on Jan 1, 2025 to an all time high of 950 EH/s today.
My best guess is miners holding #btc are dumping for profits in preparation of the increased competition and potential lower rewards in the near term.
8k transactions left in the #bitcoin mempool. That’s a little as 2 fully packed blocks.
What happens then?