BTC

hexadecimaldump

Exactly it would be a horror show to track every Starbucks coffee or subway sandwich you bought for BTC. And how would that even work? 95% of my BTC I got when it was under $1k. How do you know which portion you are spending? I still buy BTC with every paycheck, if I were to start using it could I just tell the IRS I used the BTC I bought at $100k and kept the BTC I bought at $1k in the wallet?

Big80sweens

With all that’s going on in the world and precious metals skyrocketing, I’m surprised BTC has lagged. Anyways, doesn’t really matter I’m so long on this thing I would prefer it lag so I can stack more

No-Eagle-547

Lots of people with a couple million in BTC have no problem sticking to using exchanges. Particularly Kraken. Security is tight there

110010010011

$500k USD can’t possibly be remotely close to needing OTC. People buying hundreds There is plenty of liquidity to purchase 5 BTC on Kraken. You can currently purchase 10x that on Kraken instantly by setting a limit order 0.1% higher than the last trade. You can clear 5 BTC instantly by going up only 0.01%.

Motor-Astronaut-4045

It’s funny that gold and silver have been more exciting and volatile than BTC.

cannabis_rex

Spot ETFs like BTC or FBTC are also an option. There is no fee to purchase them, but they do have an expense ratio around 0.15%-0.25%

Ok-Quality7564

We high on BTC man!

Important_Repeat_806

It is an investment, it will never be a dominant currency because it’s a really bad currency. When fiat collapses nobody will be looking for BTC. Do you see the people of Iran turning to BTC for salvation? Nah guns, gold, food, booze…… It’s a tech investment. It moves with tech. I say this as someone who holds an overweight amount of BTC in a diverse portfolio that also buys a lot of gold and ammo.

Wonderful_Reason_227

I got scammed by an options trader using BTC…but one thing I learned; 90% of people are hush-hush about money: especially family. They either don’t want anyone to know, are scared, ashamed, or näive and got fucked-like me! Don’t offer unless they ask! Especially about money. Buy them a certificate to get ‘em looking and in turn; excited. It’s the best u can do for most.

bhoovd

You’re welcome. I sold a little BTC for a down payment on a car. Glad I could cut the anchor loose for hodlers!

grahamd79

We’ll see how it goes. But so much BTC is in the hands of the powers that be it’s about whether what’s left can just continue to move freely or gets its pricing manipulated further. I don’t see it as the mid term hold that it once was as the correlation increases with the stock market and M2 growth even despite discrepancies. It’s the first thing sold off in crisis. Super long term yes. But not for active trading. And DCA when free funds available for 20-50 year outlooks.

Altairandrew

Assuming it’s not a fraud, things are volatile but has been on the whole going up Since I got involved in 2018. But huge ups and downs. Just don’t put your life savings into BTC. I love all you guys, but it’s still questionable.

personaxego

Bitcoin, the network and blockchain, provides that service, but BTC, the currency, does not. If you own 1 bitcoin, you don't own an immutable ledger that provides a service.

VariatCA

Jesus lol, even on a day where BTC finished up +4.5% and your Dogecoin was up nearly +9% you still find a way to be miserable. We just blasted straight through yet another higher-high since the November lows. That bulletproof aura the Shorters thought they had is waning. It's not going to be "only-up forever without any retrace whatsoever", but the market is making recovery strides.

Bitcoinbakamo

And in Block 777,777 you can see transaction 22b640cd810fc855cb00c5fe5fbc263a5201cedef237292009196e6c497bb1f8 sending 0.00777777 BTC with OP\_RETURN DATA translating to: Allegory of Fortune: fortune favours the cyberpunk. Check for yourself: [https://blockstream.info/tx/22b640cd810fc855cb00c5fe5fbc263a5201cedef237292009196e6c497bb1f8](https://blockstream.info/tx/22b640cd810fc855cb00c5fe5fbc263a5201cedef237292009196e6c497bb1f8)

PapiMak

BTC flirting with the upper 90s like check me out.

Abject-Stretch-1187

Yah I definitely feel you. That’s actually one of the reasons i personally borrowed against my BTC at the start of the year. And tbh I have always stayed clear of doing so. However like everything, measured risk. I personally use Ledn as they’ve been around since 2018, survived the 2022 crash unscathed and are now BTC only.  Their LTV is 50% but I added more collateral than they requested so that it reduces my LTV to under 30% this way, BTC will have to crash to the low 30s to force a liquidation. So it’s a probability game and I don’t think that would happen but you never know and plus I can always add more collateral.  Their interest rate is 11% though, it’s high compared to the interest rate you would get borrowing against stocks and RE but lower than personal loan companies and credit cards. However you don’t have to pay monthly, you can refinance when their rates go lower and you can also rollover the loan before the maturity date as well. I believe the longer BTC sticks around, the lower the rates will go and the higher the LTV will be similar to RE as BTC is just a wayyy better collateral. This strategy comes with risks but like everything, you proceed with caution. So far, it’s working well for me. 

ShhmooPT

Probably strike if you are in the US, xapobank if you are anywhere else. Honestly, do not use the typical exchanges for such amounts. Search for proper regulated and secure platforms. You could speak with any account manager in xapo and agree on a OTC purchase. DYOR on the founders, financials, age of the company, amount of hacks/leaks Vs age, who the regulators are, are they the custody or do they use another third party (how do they secure your BTC). Try to understand who their investors are (you'll see that with Xapo, the investors were the same that invested in coinbase, bitstamp back in the days). Most people in this sub hold much less than 2BTC. The advice you will get here is based on smaller amounts (buy on a free exchange or cheaper service -> send it to cold storage). I don't know about you but most people at those amounts, are looking past the typical cold storage. This is often where conversations around living a bitcoin standard or offshore banking take place. You can move 350k to cold storage, and let 150k worth of BTC work for you .. generating yield, allocate some to invest in a BTC fund, or just get a loan to buy more BTC. Money makes money, and those amounts should not be treated as the typical Redditor who DCA 10$ a day.

biophysicsguy

Of course I would return that $110,000 in BTC

MrTheWaffleKing

Supply or their dollar is going up (as demand craters), reducing its power, and in buying BTC, they’re be both increasing demand and reducing the supply, increasing its power. BTC going up and Iran dollar going doing at even faster rates just makes the whole conversion worse, and while you may be able to get very minor returns, it diminishes quickly

OpticallyMosache

That would have probably proven to be the better option. For some reason, I didn't even think about borrowing. I still have a nice bag. There's a specific amount that I've promised myself to always keep. Looking forward to when I work again and stacking more BFC. A lot of people say I'll never have as much BTC as I did. That's definitely sad. What do you know about BTC backed loans? Which providers, LTV, and rates are out there?

Either_Junket6500

Don't think about leverage, think about the max loss of each position. Say you have $1000 and you want to risk 5% each trade, set your stop loss and adjust the size until the loss is $50. If you just go by leverage, you'll get destroyed if you trade something that moves large percentages. If you're trading BTC, a position of 0.05 would be $50 loss or gain per $1000 move. $1000 stop loss to $2000/$3000 take profit would be a good starting place. But as others have said, there is much higher risk with leveraged trading, so only trade with money you are okay with losing, especially on your first leveraged account.

Abject-Stretch-1187

Congrats. Although not a favorable stance in the BTC community but borrowing against your BTC would allow you to enjoy life a bit with your family so you don’t have to sell BTC or atleast sell a little via borrowing against it plus you don’t pay any capital gains tax. 

skydiver19

Don’t be a hater! I’ve owned BTC as early as 2011, and mined it for a couple of years. I then started buy a 1 BTC a month when it was about $260

timewellwasted5

Basically when you buy a commodity (think a share of a company) you are betting that it will go up. So you buy it for $10, it eventually increases to $25 in value, you sell and make a $15 profit. Shorts are when you bet the opposite. So for a stock that's worth $10 today, you bet that it will go down to $8. Same deal, you profit the $2. You can do the same to Bitcoin. So for example, if BTC is $95k today and you "short it" betting it will drop to $85k, you could make $10k. Where shorts get risky is there's theoretically no limit to what you could lose, so if for example you short Bitcoin at $85k when it's $95k and it goes up to $105k, you are actually on the hook for the additional $10k. It's risky, but people make a lot of money shorting stuff.

Virtualization_Freak

Then you wait for it to stabilize and repeat, or you just catch the ride on the way up.. Your buying power in BTC is what you are aiming to keep.

OpticallyMosache

Appreciate the kind words, friend. I have one boy about to turn three and another son that is seven. The older one attends a co-op school (two days home schooled by my wife) and three days in a classroom. So there is a lot of time to connect at home. What was and has been hard is that I'm someone that always champions having diamond hands. I've only spent BTC two other times in 2018-2019. The rest of the time I've been aggressively DCA'ing But I had to ask myself, "When/how will I benefit from holding BTC?" The way things were going, I'd planned to retire early or pass on my BTC when I die. It was a big life pivot to sell.It will likely haunt me later on 😆. But BTC allows us to benefit. It's been the best investment (if you'd even call it that) I've ever made. I'm happy to hear you have kids. They are blessings. I'm also happy you're here and are a Bitcoiner. The best is yet to come. Keep stacking and let's get ready to celebrate a new ATH in 2026!!

ahhhaccountname

LMK if I am retarded. Is it possible for the Iranian government to just print an absolute fuckload of their shit currency and somehow pump BTC with it as it falls out of existence to try and keep some financial power?

machoman1214

I agree. I got into cryptocurrency mid to late October. I have an account with just about every exchange already. I capitalized on the free trial month of Kraken Plus. I paid for a full year subscription to continue it as trial ended. My one and only issue with Kraken is this, the referral program. Rewards for the invites are just too low for the conditions they must meet to be rewarded. Not many jumping into crypto for the first time are not going to be comfortable making hundreds and hundreds in trades to receive $75 BTC total in increments getting there. To further expand on that, I see other Kraken users with far more reasonable refferal offers. Be it the one I used to become a member (deposit/trade of $200 to receive $75 BTC.) Or the one I was able to access for a full 1.5 days on December 19, 2025. Invite deposits $200 for $175 BTC each. By the time I had a few people wishing to sign up, it already reverted back to the invite needing to make hundreds and hundreds in trades for the $75 BTC. Kraken is my favorite exchange, hands down. Unfortunately I am unable to on-board any new people. The conditions are just, too much for the incrementally dispensed rewards.

Mou_chaine

BTC back around 95k. A push to 100k would be noise without follow-through. Patience matters more than reactions — time will tell if this move actually holds.

Tight_Log_6305

bro people are going to go crazy man, the market have been way too quite this year so far BTC at 100k will been the biggest thing since January 1

inadyttap

When $100k BTC?

tron1977

If your kids are under 3 or over 14... you wasted your bitcoin. They either wont remember or won't care. No, but seriously. That's awesome, that's time you can never get back. My kids are older now, would love to get that time back and spend more time with them. That's a great use of your BTC.

Goodness_Beast

The real answer is BTC, ETH, SOL, and other major tokens are trading higher today after over $400 million in crypto shorts were liquidated in the last hour.

OpticallyMosache

I sold a year's worth of income between $110-115k. I did this to show my wife that everyrhing is okay financially no matter what I do. And what I did... Was quit my job and started a 6-12 month sabbatical. The big incentive was my kids are young and I get to have more time with them. Truly priceless - much better than planning to retire a few years earlier when my kids are grown and out of the house. Plus, you never know what could happen (illness, death) at an older age. However, the day will come where I'll look back and realize it actually cost me 10X that in opportunity cost. Having sold a chunk, I've been okay watching the price slide. But NOW! I think we're going to hit new ATH after new ATH in 2026. TLDR: Made major gains on BTC and sold to fund a year at home with my two kids and wife. Thank you, BTC!

UrbanSpectre1

If your BTC sits on an exchange: yep, they can freeze your account. If you self-custody properly: no exchange can freeze what they don’t control.

LieutenantBrainz

Sometimes I wish it were the Chinese meme Satoshi guy. Imagine if he was genuinely the mastermind behind all of the cryptography. When people came to him, he just acted innocent and naïve. Truthfully, he had spent years dedicating his time and energy unbeknownst to the world, flying under the radar, on cryptography. This was his alibi. Then, towards his dying years, he will turn to the world and say you all made a meme out of me, but I am the real Satoshi… *dumps 1mil BTC in the market*

Informal-Ad220

Think of how much BTC would go up if people could only buy Spot BTC ETFs that are backed by real BTC on a 1:1 ratio. Whereas, non-Spot ETFs are not backed. They are promises. My days of trusting banks are done. They get greedy and expect taxpayers to bail them out, as they did in 2008.

Tight_Log_6305

I just hope it holds, all we need right now is to wake up and BTC back at 100k

OpticallyMosache

True. I have IBIT in my Schwabe Roth and Rollover IRAs. But buying on chain BTC in Fidelity was news to me.

Hitechakias

The same data applied when BTC was falling days ago

alexstonks34

As a safe haven asset, I can see the validity of your thesis. However I'd also like to point out that part of the rally in Silver is influenced by it's applications in manufacturing which means that the demand for the metal will continue to be high even when COMEX is unable to fulfill orders. You rightly highlighted Shanghai's system being closed off which means arbitragers can't close the gap between both systems' prices. I still can't replace silver with BTC in my solar panels.

KryptoSC

I track the Coinglass liquidation heatmap via Binance BTC/USDT and earlier there were heavy, leveraged short positions up to and at the $95,366 mark, so it could be a temporary increase to liquidate shorts. At the time of this writing there are no other leveraged large short positions: [https://www.coinglass.com/pro/futures/LiquidationMap](https://www.coinglass.com/pro/futures/LiquidationMap)

nacentaeons

Iranians buying BTC via Starlink.

NFTY_GIFTY

Jamie Dimon is looking out for you and doesn't want you to fall into the terrible trap that is Bitcoin. Let him hold all of it...he's looking out for you. Consider PNC, they seem to be one of more BTC friendly legacy institutions so far.

SkillzThatKillz10

Wow I love this. As a Christian this is the type of thing that puts me at ease while peers view the BTC pursuit as gambling. We are investing in order to a chaotic world.

AnonThrowaway998877

This is a lot easier when you just stack and hold. Learned that the hard way as I traded between alts and stables from 2017 to 2023. Basically gambling. Made money in USD terms, but now have much less BTC. And doing the taxes was a pain. Never again.

KateR_H0l1day

He was right though, the interviewer just mimicked all the Crypto Bro’s, I find it strange when people just get into this mantra mode, whatever it is. For me, it’s a simple question, is buying BTC good or not at any given time for what the future will bring?? It’s a yes, it’s good for me, but I understand anyone with a completely opposite view!

springchickk

If all the BTC treasuries start trading below NAV, wouldn’t that start a cascade of selling should one of them have to sell? I would think this game theory could go in reverse, in order to stop further eroding the net asset value to stock value there could be a rush to sell the treasury to stop the sliding. This then starts the unwinding of the flywheel. Any thoughts?

Bionic_Push

Which L2 exactly? if you are talking about exchanges, that kind of defeats the purpose of self custody. If you are talking about lightning, almost nobody uses it. I just don't think BTC will be a major payment method anytime soon. It makes much more sense as a reserve asset.

El_Veethorn

This is what BTC is all about.

skydiver19

I purchased a penthouse apartment overlooking the coast. Lamborghini with private plate BTC21

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Post is by: DearPollution3447 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1qc43i3/btcusd_late_christmas_gift/ The short-term trend has shifted to bullish. I believe (and hope) BTC is heading to 100k levels. Let's see if this will be the case. The political landscape seems to somehow not to be affecting it too much right now for some reason. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

partymsl

Real BTC maxis could never be wrong. They built this house.

LNCrizzo

Hand made leather wallet, soap, stickers, hardware wallet, Hard Money by Lyn Alden and other Bitcoin books, Start9 server, porn, gift cards to buy things on Steam, Sketchers, Southwest, Jersey Mike's, Blaze Pizza, and more using Bitrefill. I also donate where I can using Bitcoin at opensats, BTC policy institute, Nostr development, and others. There are plenty of ways to spend if you know where to look.

VariatCA

We're quickly approaching a big shift back to a recapture of momentum. We are on our 7th week of steady-yet-choppy recovery from the November 20th lows, after a large drop primarily attributed to market uncertainties and an unprecedented leverage wipe that drained a huge chunk of liquidity. While markets were bracing for pain and uncertainty, and ETFs/Retail were shedding their risk, institutional adoption/integration and public crypto exposure was still growing. Banks and Investment Funds are green-lighting Crypto/BTC products and allowing recommendations of portfolio allocations. Treasury companies like BMNR and MSTR are still soaking up huge respective quantities of ETH/BTC. And all the while, prices consolidated throughout late November towards the New Year. Coming soon on the horizon, we also have legal regulatory clarification with the Crypto Market Structure Bill/Clarity Act. With a defined legal framework in place, this will entice innumerous businesses/institutions/investors to involve themselves with Crypto where they otherwise might have deemed too risky, unsecured or legally undefined. ...And all of this while monetary conditions are loosening, M2 is growing, the S&P is at new highs, and the Nasdaq has been steadily making one "higher low" after another since late-October on the way to its own breakout. When momentum *does* shift, investors are going to realize how lucrative & appealing assets like BTC/ETH are while they're so unreasonably below their own highs on the eve of the next leg-up of expansive adoption and real-world integration.

OpticallyMosache

You have to ignore emotional responses to BTC's price going up just like you do for it going down.

OpticallyMosache

To the average person, I have way too much BTC as a percentage of my net worth. To me, I feel like I'm underallocated.... I know with almost 100% certainty BTC will hit new ATH after new ATH. So, why wouldn't I put everything into BTC?

WLAJFA

I think they own quite a bit of BTC.

ReliantToker

​The user who embedded the Romans 12:21 message didn't just stop at the text. They sent small amounts of BTC to two vanity addresses that began with the characters "1God..." and "1Bible...". Using vanity addresses for this specific block height was clearly a deliberate attempt to "sanctify" a number often associated with the "number of the beast."

Informal-Ad220

***"It's not much."*** It does not matter how much your first BTC purchase is. The value is in the act itself. Be proud of yourself and what you accomplished.

OpticallyMosache

Fidelity Roth IRA gives you access to native BTC? Like you're buying on an exchange and Fidelity is holding the key?

Nemozoli

Cow doing the catwalk was more than enough for me! Also, I buy BTC at every opoortunity I get (a.k.a. paycheck)

SchoolMental871

As soon as you buy, the news is fake and BTC is gonna crash into Oblivion. As soon as you sell, the news is real and BTC gonna hit 400K in 2 days.

na3than

WAKE UP!! 1 BTC = 164k* !!! \* (NZD)

nugymmer

Hahaha. EOC. Simple as that. The cycle is over. Bury our heads with our worthless alt bag and hope for the best. Really we should have just swapped it for Tether and then aped into BTC at the bottom. October this year gee I’m looking forward to the bargains!

Informal-Ad220

Yes, 40% of BTC ETFs are spot BTC, backed by 1:1 (or thereabouts) BTC. The rest, 60%, are BTC paper backed by a promise. That's why I only hold real BTC, gold and silver.

Nemozoli

Iranian currency dump... not BTC

El_Veethorn

This I vibe with. The applications and utility of BTC are there. It's an imperfect system with much potential.

WHALE_PHYSICIST

At this time, it's easier to see it as a permissionless value transfer system than a "currency" as we traditionally mean it. Try sending $5 to someone in India and you'll learn BTC's value in that regard. No BTC cannot currently handle all the world's transaction volume. Lightning network should help with that, and i'll admit its slow going. But it is going. Software development is getting a massive throughput boost right now to where soon, average webdevs could easily integrate taking payments via BTC/Lightning. We'll see more lightning hubs pop up as well, making the system more accessible.

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Post is by: Aggressive-Virus4046 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1qc2ayr/another_conflict_of_interest_that_could_impact/ The rial is collapsing to record levels (\~1.4–1.5M IRR/USD), with hyperinflation and protests across more than 180 cities. Locally, Bitcoin is surging past 100 billion IRR per BTC. A classic scenario: the currency fails, and people flee toward an alternative. At the same time, Trump is floating up to 25% tariffs on countries doing business with Iran. Geopolitical risk is clearly rising. Personally, I’m staying cautious. I don’t blindly trust BTC either. With Bitget launching TradFi, I’m considering reallocating part of my assets into gold and silver for now. That said, even there, the risk of overbought conditions exists. How do you see the latest developments unfolding lately? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

CartoonistCalm9801

I bought a Vertu phone for BTC.

dave5526

There is some bad advice on this thread. Capital Gains applies to investing, not trading. Trading falls under income tax. If you are buying and selling tokens over short periods for profit, and try to claim these are investments and only subject to CGT, HMRC will take a dim view of that if they ever look at it. How likely they are to pay attention is difficult to say, but with increased use of AI by HMRC to analyse submissions, I would not want to risk it. Also - it's almost certainly not worth it. Very few people manage to day trade successfully. Almost all who try would have been better off (financially and mentally) just investing that money in an Index fund, gold, BTC etc over a long period.

MrBluoe

BTC is not a digital currency, it is digital gold. You wouldn't pay for your Pringles in gold bars

whetherwhether

When the Venezuelan Bolivar imploded, BTC was an offramp for its people to salvage their wealth. As the Iranian Rial implodes, BTC is an offramp for its people to salvage their wealth. When the USD implodes, you get the picture...

Atlesi_Feyst

Remember, decentralized. BTC is definitely decentralized.

El_Veethorn

It doesn't matter if I have dollar and you have euro or yen. If we have btc, we can trade, and no intermediary or corrupt governant will have a say in this. BTC is a means to free ourselves from inflations, fiat convertions, intermediaries and banks taking a slice from OUR business.

GeorgeOrrange

the trailing one year and two year chart look like the perception is reversing with many coming to terms with the reality that BTC doesn't scale and LTC ain't it... just use BCH if you don't like XMR, but understand that the time for being precious with your unforked sats has likely past

ReplacementBig7068

“BTC price soars”

EyesFor1

It depends on when the person first bought BTC. Last year or 2024, they might question it but they're new. Before that, nah they are happy. Ignoring that, the reasons to buy BTC are the same as they were when the 1st block was mined. BTC is bigger today than ever before. Network is bigger, hash rate is bigger, institutional adoption is growing, ETF's, BTC treasury companies, nation states, banks, BTC backed loans etc etc. Don't fixate on the price. The people in Iran buying BTC last night think it's saved their financial future. And it did.

Own_Condition_4686

It will back it and be used adjacently. People/businesses will give discounts for BTC payments because it holds value long term instead of bleeding it.

GeorgeOrrange

what business beyond BTC holdings 

lx4i20

I don't think so, there isn't enough Bitcoin for so many people. And the world needs fiat money to function, even BTC itself.

grazfest96

Why is it funny that Tesla sold 75% of its BTC? How do you know it didnt 10x where they invested it?

Wallet_TG

Spending BTC on a $5 coffee when you could've just used a credit card that gives you cashback is like burning a lottery ticket because "adoption" - every sat you spend today could be worth 10x more tomorrow, so unless merchants give you a discount for using BTC (they don't), you're just making yourself poorer while Visa laughs all the way to the bank.

Kai-Xi-Fengshui

I hope they managed to buy BTC before Dec ‘25.

elixon

I do not care about the rich. I am speculating whether the imbalance will discourage future poorer participants from entering the Bitcoin space, which could trigger the next collapse. If you knew a market was effectively controlled by a handful of large funds and you were considering entering it, would you do it? My speculation is that it will discourage ordinary people. There is a fairly natural aversion and distrust toward the very rich. It would likely also discourage middle class crypto investors who understand that the market is dominated by large whales that can manipulate it in their own interest. What I see as the real threat is a future loss of trust caused by this obvious imbalance of power. That loss of trust could discourage new entrants, which would either stall price growth or even trigger a collapse. See, the main selling point of crypto was decentralization and independence from large banks that control inflation, money flow, and money printing. The idea was simple democratization, freeing the payment system from big influencers and centralized controllers. What I see now is Bitcoin slowly moving in the opposite direction. A handful of huge, influential exchanges and whales control massive portions of BTC, effectively becoming market makers rather than mere participants. That is exactly what Bitcoin was supposed to eliminate, yet somehow we steered it there. At least that is how it appears to me, and I genuinely hope it turns out differently. That was my point for discussion.

Bionic_Push

And you forgot to mention the transaction few of BTC itself, youd be paying maybe $5-10 in btc transaction fees just to be able to buy the coffee, and wait 1 hour for the transaction to go through. This is a none sense post

N3ur0Ph03nix

Wenn man es nur auf die Technologie runter bricht und das machen die wenigsten, ist es das beste was passieren könnte um ein dezentrales Bezahlsystem zu schaffen. Aufbauend darauf können neue Anwendungen entstehen, großes Problem an BTC und Konsorten ist, das sie nie dafür entwickelt wurden bzw nicht konsequent zuende gedacht wurden. Am Ende haben wir nur das bestehende System gespiegelt. prof of Work ist der Schlüssel nur hier hört die Fantasie bei vielen auf. Prof of Stake ist dagegen das wo mich Buterin verloren hat, das ist nichts weiter als wer mehr hat bekommt mehr....

Editor-Forward

BTC has fully arrived as a hedge against global instability and crazy people in office, such as a certain orange person

coinfeeds-bot

tldr; Michael Saylor's company, Strategy (formerly MicroStrategy), recently increased its bitcoin holdings by 2% but also saw a 1.9% rise in diluted shares, resulting in minimal accretive value for shareholders. Over the past two months, shareholders have faced losses in both BTC per share and the company's stock value. Despite Saylor's defense of the company's strategy, investor confidence has waned, with the company's market capitalization now reflecting little optimism about its business beyond its bitcoin holdings. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

CorOsb33

Extremely unlikely. Most likely scenario is a system where fiat and BTC coexist. Lots of reasons for this. Google it. Also, this shit is asked 10x a day. Do a simple fucking search.

Detrite

I agree but just like you shouldn't have your entire net worth in BTC and I think that's the only time you can criticize BTC for being a bad store of value when you have no Internet so he might have strawman-ed the argument there too

flying-fox200

Sure, up to a certain point it's your own personal preference. Different people have very different spending ability, though. If you're comfortable leaving up to 0.1 BTC on an exchange - then go for it. Nowadays the network has little congestion. Even if you withdrew 0.001 BTC every time and consolidated once in a while, fees would still not be exorbitant. I get 0.2 sat/vB transactions mined all the time, at the moment. Of course, if you're using Strike, withdrawing via lightning is almost free, so then it wouldn't really matter how low you went.

DontLook_Weirdo

I finished '25 with $3.5k invested into BTC. I'm hoping it'll look fairly more enticing in 2-3yrs

dyinthecut

He's telling people to buy Bitcoin when he is buying XRP. He probably has some money in BTC but not what all these people are publicly preaching.

Next_Instruction_528

I don't think it's obvious at all, and I don't think it's regulation that is road blocking it. **The purported value props and why they're questionable:** **1. "Digital gold / store of value"** - Gold has 5,000 years of Schelling point consensus. BTC has 15 years and massive volatility - Gold's physical properties create industrial demand floor. BTC's only use is monetary - "Digital" is a feature for retail/tech people. For institutions, it's a *bug* (custody risk, hacking, key management complexity) - Gold survived every regime change, empire collapse, and technological shift. BTC requires continued internet, electricity, and social consensus around a specific protocol Why would a pension fund choose an asset that could theoretically go to zero based on social consensus shift over one that has literal atomic persistence? **2. "Uncorrelated returns / portfolio diversification"** This one actually had data supporting it... until 2022, when BTC crashed alongside tech stocks. Turns out BTC trades like a leveraged Nasdaq bet, not like a separate asset class. During actual crises (COVID March 2020, bank runs March 2023), BTC sold off *with* risk assets, not as a safe haven. The correlation that made it interesting for portfolio optimization has largely disappeared. **3. "Inflation hedge"** Gold: up during 1970s inflation, flat during 2010s disinflation, up again 2020-2022 BTC: launched after 2008, only experienced one inflation cycle (2021-2023), crashed during it while gold held up There's literally no empirical case yet that BTC hedges inflation better than existing alternatives. **4. "Fixed supply / scarcity"** T-bills are backed by US tax revenue (literally unlimited funding in extremis - they can print) Gold supply grows ~1.5% annually but this is predictable BTC supply is fixed but... why does that matter to an institution? They're not holding for 100 years. They care about 3-5 year performance and downside risk. Also: "fixed supply" only matters if *demand* persists. And demand is 100% social consensus with no fundamental floor. **5. "Permissionless / censorship resistant"** This is the *only* genuine unique value prop. But... Institutions *want* permission. They *want* regulated custodians, reversible transactions, and legal recourse. The features that make BTC interesting to libertarians make it *worse* for fiduciaries. When would a pension fund need censorship resistance? When the government collapses? Okay, but then their entire portfolio is fucked anyway, and gold is better for that scenario. **The real institutional case (weak version):** The *actual* reason institutions might buy: 1. **Client demand** - if everyone asks for BTC exposure, they offer it (distribution, not conviction) 2. **FOMO** - if price keeps going up, they can't afford to have zero allocation (career risk) 3. **Momentum** - if it's in a clear uptrend, why not ride it? (This is just speculation) 4. **Regulatory capture** - if BTC lobbying succeeds in making it required or heavily incentivized (political, not fundamental) None of these are "BTC is better than T-bills" arguments. They're "BTC might go up so we should have some" arguments. **What institutions actually need that BTC doesn't provide:** - **Yield**: T-bills pay interest. Gold is sterile but you can lease it. BTC just sits there (yes, you can stake/lend but institutions won't take defi/counterparty risk) - **Liquidity at scale**: Try selling $10B in BTC vs $10B in treasuries. Not comparable - **Legal certainty**: If your BTC keys are stolen, you have no recourse. If your treasury securities are stolen, there's a legal framework - **Stability**: Required for liability matching, regulatory capital, collateral posting **The honest answer:** For treasuries-type institutions (insurance, pensions, endowments), there is *no* fundamental case for BTC over existing assets. The volatility alone makes it unsuitable for their mandates. The *only* institutions where it makes sense: - Hedge funds / prop trading (momentum/speculation plays) - Corporate treasuries with excess cash and high risk tolerance (Saylor, strategy) - RIAs with aggressive clients who demand it The "institutional adoption" narrative is mostly: 1. A small % of risk-tolerant institutions adding tiny allocations 2. Creating products to sell to retail (ETFs, not actual institutional treasury allocation) 3. Marketing by crypto industry to manufacture legitimacy If you made an institution choose between $1B in BTC or $1B in gold for a 30-year hold, gold wins every time on risk-adjusted fundamentals. BTC only wins if you *assume* it becomes the global reserve asset - which is circular reasoning. The guy with 20 years in finance is confusing "we'll offer BTC products" with "we'll hold BTC in our treasury." Those are completely different things.

hawkeye224

Yeah but at least some people wear this stuff without even knowing what it means lol. Like "Satoshi Nakamoto" sounds cool and then people start to wear it without making a pro-BTC statement

hindermore

Cash is inflating to worthlessness, so it's better to spend that now because it will be worth less and less as time goes on. BTC on the other hand...

Dave_Odd

I value my BTC much more than USD. I spend USD because if I don’t, it loses value. Why would I spend something I think is going to appreciate?