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Michael Leonardi
344820d5bbd6cdededc35baee024dec90a299f9d59da47e8766a752b9c6ddc9d
Bitcoiner

💯…the proper frame of reference is the US Dollar is a sinking ship.

#Bitcoin is a super tanker that showed up willing to take on as many people as would like to get off the sinking ship.

Bitcoin didn’t break it, the US Dollar was broke when it got here.

Blackrock requesting in-Kind redemption on its #Bitcoin ETF is another huge catalyst for #Bitcoin. Currently moving out of the ETF is cash and a taxable event. In-Kind would allow authorized participants to take position of the Bitcoin…mostly banks. Couple that with repeal of SAB 121 allowing banks to custody Bitcoin and you have FAR less friction which will attract more capital to #Bitcoin.

SELF CUSTODY is still preferred but this opens up options such as Bitcoin lending with low interest rates, LOC on ETFs, etc for those wanting it. This is BULLISH people.

https://cointelegraph.com/news/nasdaq-filing-asset-manager-blackrock-bitcoin-etf-in-kind-redemption

Politics 🤢🤮 but it’s a reality and the recent ending of SAB 121 will be HUGE for #Bitcoin in 2025 as it will allow banks to custody.

Self custody #Bitcoin is preferred but banks being allowed to custody will be the gateway for people to gain exposure to #Bitcoin. Collateralized Bitcoin loans with reasonable interest rates will also be the result.

It will be interesting to watch.

Free Ross Ulbrict DAY 1…NO EXCUSES!!! #freeross

nostr:note19qp3kas7ylv2a78sh23hkcfjgpwmkug7eff823twq9kc5cfnhlrsjnna6z

Happy #Bitcoin Whitepaper Day. Focus on the signal amount at the political noise…#Bitcoin is freedom.

Regarding the strength of the case made, agree to disagree. I e seen FAR stronger cases made for Hal Finney although I think neither is Satoshi. It’s a great documentary on other fronts. But to your point, my opinion is irrelevant. 🤝

Remember, #Bitcoin >> Central Banks + Politics

Zimbabwe just devalued it currency massively overnight. Why should you care? The FED is doing the same thing in the US just slower and more nuanced.

Central banks are NOT to be trusted.

This is “Why #Bitcoin?”

https://www.bbc.com/news/articles/c8el4kgk98eo

nostr:npub1cj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsqwrz4u absolutely nails it here. Campaign promises are so fiat. They need us more than we need them. Make them work for it. Great episode and worth watching the full version.

Agreed...NGU or cheap sats? That is the question. Trying to get my family and myself as much opportunity to stack as possible. I am just grateful to have found #Bitcoin, kept researching and didn't dismiss it when I had every incentive to do so.

With all the noise, it can be easy to forget that #Bitcoin is a blessing. It's emergence has gifted us permissionless, stateless sound money. If you are reading this, you know about #Bitcoin which puts you in truly rare company. Be grateful...I am. I am.

Think #Bitcoin is overly complicated? Try understanding the US Dollar system. H/T to @River

New to #Bitcoin and a bit overwhelmed? It is many things, but a useful start is thinking of #Bitcoin as savings technology. If you save in USD, it WILL loss money due to inflation. If you save in #Bitcoin and hold it, you will experience volatility BUT will likely VASTLY outperform inflation. Volatile savings technology (Bitcoin) is superior to guaranteed inflation losses (USD).

Forged in the fire of Fiat.

Once the US Dollar was no longer limited to the amount of Gold in the possession of the United States Treasury, it lost its limitation on its supply. Once that happened, we had to “trust” that the US Treasury and Federal Reserve Bank would not create too much additional money. This is ”Why #Bitcoin.”

Saudi Arabia deciding to end the 50 year petrodollar agreement is a huge blow to US Dollar as the global reserve currency. This plus the continued debasement will further weaken USD. Perhaps it’s time to look into #Bitcoin

I believe the Saudis ditching the petrodollar system is MAJOR step away from USD fiat hegemony. I also believe the US can maintain its global leadership roll by fully embracing #Bitcoin. #Bitcoin mining defending cyberspace (see Jason Lowery) and stacking #Bitcoin in the US Treasury.

https://www.bizcommunity.com/article/saudi-arabias-petro-dollar-exit-a-global-finance-paradigm-shift-670911a

Forged in the fire of fiat monetary debasement. #Bitcoin