Bitcoin

[bozeman]

No risk, no reward......HODL

 

[fmyth]

It's not a bubble...

https://twitter.com/x/status/1948067743904772551

 

[ozyclint]

Up until now ive only been in btc etfs but recently put my big boy pants on and bought some actual btc and a cold wallet and all that jazz. After going through the coinbase setup and all the tax notices, can someone explain like im 5 what my tax implications are with bitcoin? do i need to claim realized gains when i sell? do i have to claim how much bitcoin i have orrr?

Tax?.......Nah dude, it's decentralized.

 

[yeky83]

It's not a bubble...

https://twitter.com/x/status/1948067743904772551

This is just playing around with graph scales. He puts up time limited linear graphs of various bubbles and compares them to a long term log graph of bitcoin. If you lengthen out the time of the housing & dotcom bubbles and put them in log, they’ll look just like the bitcoin graph he presents. He even shows this to you by turning around then immediately presenting companies that went through the dotcom boom in long term log scale graphs and says “see, looks just like bitcoin.” Ridiculous.

 

[fmyth]

Strategy has acquired an additional 21,021 BTC for $2.46 billion at $117,256 per bitcoin. They now hold 628,791 BTC acquired for $46.08 billion at $73,277 per bitcoin.

 

[MountainTracker]

White House is putting out its BTC/Crypto report tomorrow. I’m not holding my breath for anything amazing to be announced.


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[MountainTracker]

Rumor there is going to be an EO signed today which will allow 401ks the ability to buy btc and other cryptos.

There is around $43 T in all US retirement accounts, the entire crypto market cap is under $4 T.

Could be why there was some price action this morning.


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[fmyth]

Institutions have bought 545,579 bitcoin while miners have only mined 97,082 new bitcoin in 2025.

 

[timekiller13]

I’m still struggling with this asset.

I understand that it’s scarcity makes it valuable.

But it was created by some random people(s) who have since “moved on.” This random entity created something that is now worth $2 trillion. Where are they?? And can he/she/them just erase it with one keystroke? It’s just a computer code.

Powerful corporations and entities are buying as much of it as they can. Which means they have (or will have) control. It’s plausible that a single entity could acquire the vast majority of all BTC. If that happens, then they get to make the decisions. Which means it’s not decentralized.

 

[Mighty Mouse]

Where are they??

No one knows. Bitcoin’s creator went by the pseudonym Satoshi Nakamoto. He/she/they has been incommunicado since 2011. I think disappearing was a wise decision given the threat that Bitcoin poses to TPTB.

And can he/she/them just erase it with one keystroke? It’s just a computer code.

No. It is computer code, but it’s code agreed upon and run by hundreds of thousands of independent, dispersed Bitcoin miners and node operators (all of whom have a vested interest in Bitcoin remaining valuable). No single entity is “in charge” with the ability to pull the plug or erase the code.

Powerful corporations and entities are buying as much of it as they can. Which means they have (or will have) control. It’s plausible that a single entity could acquire the vast majority of all BTC. If that happens, then they get to make the decisions. Which means it’s not decentralized.

Owning a bunch of individual bitcoin doesn’t give you direct control over how the Bitcoin protocol operates. It may give you some influence but not control.

I don’t see a plausible scenario in which the “vast majority” of bitcoin end up being owned by a single entity. Prices would rise as available supply dwindled, making it increasingly difficult for this theoretical bitcoin hoarder to continue acquiring more. Also, what is the end game of this theoretical bitcoin hoarder? To spend a fortune amassing bitcoin then make radical changes to the protocol (which he can’t directly do) that will likely crash bitcoin’s market value and destroy his fortune?

 

[ozyclint]

What if losing the fortune wasn't a concern for this hoarder? What if they didn't use their money to acquire the bitcoin and crashing it helps maintain their control?

I know of an entity that is buying bitcoin and has a long track record of not caring about losing other people's money and is rabid for complete control.

 

[Mighty Mouse]

What if losing the fortune wasn't a concern for this hoarder? What if they didn't use their money to acquire the bitcoin and crashing it helps maintain their control?

I know of an entity that is buying bitcoin and has a long track record of not caring about losing other people's money and is rabid for complete control.

I assume you’re referring to the US government, which has an annual budget of ≈$7 trillion. Bitcoin’s current market cap is a mere $2.3 trillion. If USG wants to destroy Bitcoin by buying it all up, why hasn’t it done so already? Or why didn’t it do so a year ago when Bitcoin’s market cap was half what it is now? Or 2 years ago when it was 1/10th what it is now?

Even if USG or some other entity bought all bitcoin in existence just to keep them out of the hands of the public, then what? Do Bitcoin developers and miners admit defeat and go home? Or do they pivot to another cryptocurrency (or fork Bitcoin) and soldier on? The crypto cat isn’t going back into the bag.