NEW: 🇳🇴 Norges Bank, the Central Bank of Norway, owns over 1.1 MILLION shares of MicroStrategy stock 👀

WisdomTree's Bitcoin ETF added $118.5m yesterday which more than DOUBLED the total AUM 👀

Previously, WisdomTree added "may invest in BTC ETFs" to the Statement of Additional Information of 3 of their funds.

On Aug 1, they slipped it in the SAI of 42 extra funds - which have $54b AUM total 😮

This is how bullish I am on user-choice algorithms in the long run.

JUST IN: 🇬🇧 Bank of England cuts rates for the first time since March 2020.

ATH in 3 months, peak of the cycle in 4 to 9 months.

Waiting for it.

Blockrock probably left

How it will play out:

1. Bitcoin supply shock

2. Retail and Wall Street gets FOMO

3. BTC flips gold

4. Small countries starts to print

5. BTC flips bonds

6. Large countries starts to print

7. BTC flips equity

8. BTC flips real estate

9. BTC becomes global currency

You sound like a marxist. Not saying you are one but that's a classic misunderstanding of the price system. This is just the price system. You are aware of the markup on clothes right? I bought one from a seller that donates back to the project. I consider a portion of the cost supporting the project.

By all means though, go build one. Or open a store and sell them at a lower price and corner the market..

Yup, i just checked yesterday and they have around ~500GH/s

Have you ever done an electronics project? I have done many. Time. People value their time. Based on what I have seen and heard it isn't an easy project to build your own.

That said, I do want to build one myself but been to busy.

What Bitaxe has 3 TH/s? I'm assuming he plugged a few more in or has the new Hex right before the block was mined

#Bitcoin conferences should be affordable for everyone. These prices in Nashville are just insane and no one needs these f* politicians.

#Bitcoin is from the people for the people.

Has anyone looked into $SMLR?

Semlar Scientific - the latest public company to add #bitcoin to their treasury

Before going further I should clarify that owning bitcoin in self custody is always going to be your best option

But for money trapped in the system...

Semlar has a medical patent that is a cash cow.

-Their cash reserves have doubled in the last 3 years (22 million in 2020, 57 million in 2023)

-Their income has doubled in the last 3 years (35 million in 2020, 61 million in 2023)

-They have almost zero debt (6 million total at Dec 31 2023)

They are buying bitcoin and will continue buying bitcoin with the insane amount of cash they're bringing in.

I mean just look at their results (PRE BITCOIN STRATEGY:

It’s not so common that I go to bat for Elon Musk, so listen up.

People are too tribal. They can’t separate individual things from broader things. Specifics matter for credibility.

For example, I am often critical of Musk on Tesla or Twitter, but way less so against SpaceX. Details matter.

I think Musk is greatly dishonest, lacks integrity, is more of a hypeman than an engineer himself, his Tesla promises are literally all like a decade late and thus directly harm their buyers, etc. Kind of a cult, but it keeps the market cap up and enables financing. I’ve called him a cuck for dictators and I stand by it.

But I rarely say anything against SpaceX, other than to remind people that it’s largely government funded, so you know who he reports to as he builds that amazing company out. But it’s a good thing.

Musk cucks for dictators on Twitter to happily take down their opposed comments at a higher rate than pre-Musk Twitter did, as long as they have big markets for Teslas and SpaceX rockets, and as long as he can market himself as the “free speech guy” in the US while we don’t pay attention to where he helps dictators clamp down harder.

And yet, the Tesla pay package that was agreed on is what it is. Sure, he hyped up the equity, but he did it at such a successful scale that the fundamentals were impacted positively as well. He successfully memed Tesla into solvency. To backtrack on that pay package would make no sense. I would support the pay package while disagreeing elsewhere. Rule of law matters.

The Tesla permabears, like Jim Chanos (Diogenes) in the recent tweet below sort through any news item for a bearish comment. I see others do it for bitcoin or Nvidia all the time.

Am I bearish on Tesla? Kind of. Relative to bitcoin in the long run, absolutely.

But imo, fade the permabears. Find people who can’t separate various specifics, and disregard them.

Be someone who can be bullish on one thing and bearish on another, even from the same person. Dislike someone, and rule in their favor out of objectivity when it is right. Like someone, and yet rule against them when it is wrong.

Anyway, good evening.

BREAKING: Kraken just started distributing Mt. Gox #Bitcoin

#bitcoin is seperating money from state. Every normal person should be happy about that, but a lot of people are fighting to protect the system that is enslaving them.