gbitco

@BitcoinNewsCom He’s fat

🚨 ILLINOIS ENACTS MOST AGGRESSIVE BITCOIN TAX IN THE 🇺🇸 US Governor J.B. Pritzker has signed Illinois’ new Digital Asset Tax Act into law. Starting January 1, 2027, Illinois will impose a 0.20% tax on the gross value of digital assets exchanged, transferred, or stored for customers. In practice: • Buy Bitcoin? Pay the tax. • Transfer Bitcoin? Pay the tax. • Store BTC with a custodian? Pay the tax. Move $1 million through a bank wire, ACH transfer, brokerage account, or traditional custodian and Illinois takes nothing. Move that same $1 million as a digital asset and the state takes $2,000. The tax applies regardless of whether there is any profit, income, or capital gain. It is levied simply because a digital asset is being exchanged, transferred, or stored. Critics argue this creates a first-of-its-kind regime that singles out blockchain-based activity while leaving analogous banking, brokerage, custody, and payment services untouched. The law targets the service layer of the digital asset economy. While trading for one’s own account is excluded, businesses facilitating exchange, transfer, or custody for customers must collect and remit the tax, with customers ultimately liable if it is not collected. The Crypto Council for Innovation warned that Illinois is becoming a national outlier by adopting a transaction-based tax on digital assets that has no comparable equivalent for stocks, bonds, derivatives, bank deposits, or traditional financial transactions anywhere else in the country. Industry groups say the law is a powerful incentive for entrepreneurs, startups, and investment to leave Illinois for more competitive jurisdictions. Perhaps most surprising is the timing. Illinois only recently adopted the Digital Assets and Consumer Protection Act (DACPA), a framework many viewed as a constructive approach to blockchain innovation. This new tax represents a sharp reversal. The question now is whether other states follow Illinois’ lead, or whether this becomes a case study in how to drive an emerging industry elsewhere.

@AAStack Bitcoin was working perfectly fine in 2019 before Strategy

Can someone provide a realistic, non hypothetical scenario where Bitcoin succeeds and Strategy fails?

@mattkratter @CJ_Bitcoin what is dead may never die

@CJ_Bitcoin Self serving lie. Loading up plebs with stonks delays the end of fiat

The transition from a fiat standard to a bitcoin standard includes the creation of fiat-denominated credit backed by $BTC for those who need fiat liquidity. This is the evolutionary path of monetization.

@pete_rizzo_ sigh….

JUST IN: MICHAEL SAYLOR JUST SAID #BITCOIN WILL BECOME A $100 TRILLION NETWORK "YOUR BTC WILL GO FROM $70,000 TO $700,000 TO $7,000,000 A COIN" "IT'S INEVITABLE". SEND IT 🚀

@saylor Bitcoin is money

Digital Money should be stable, liquid, digital, and yield-bearing. Bitcoin-backed credit makes that possible. The next wave is not just stablecoins — it is stable-value money with yield, built on Bitcoin. $BTC

@holisticgrenade Your fat because you don’t get outside

Only fat people count calories. Your great grandparents were skinny their whole lives and they never counted calories. Animals in the wild are skinny their whole lives and they don’t count calories. You’re fat because you eat chemical slop that absolutely destroys your gut and then you justify it because the chemicals are low in calories. If you want to stop being fat you must stop counting calories and eat nothing but real foods instead.

@jackmallers @d_1awrence @grok watch the video and answer op’s question

I laid out my vision for building The Bitcoin Company during my Bitcoin 2026 keynote. I'd recommend starting there. I begin discussing $XXI and Tether's proposal around the 15-minute mark. That said, a vision is not execution. We have work ahead of us and we're working on it. youtube.com/watch?v=dEsSHo…

Hey @jackmallers I've seen you state many times that $XXI are not a Bitcoin treasury company. You seem very interested in understanding the intricacies of Bitcoin Treasury Companies like $MSTR, $ASST and $MTPLF. You're seeking clarity on terminologies used by the industry leaders and have questioned the validity of the way they operate. I feel it only fair to ask the same of yourself. Can you put this to bed once and for all... In one sentence: What does $XXI do?

@adam3us @peterktodd island boy

@peterktodd luke, the crisis actor!

Luke's still at his bullshit, 12 years on! Wild man. Fuckin' wild. You know, I was just talking about this today to a friend of mine here in Kyiv, how every time we travel outside of Ukraine now the rest of the world just doesn't feel quite as real. I came almost directly from Eastern Ukraine, helping friends of mine stay alive with engineering and donated equipment, to BTCPrague to have a circus debate that was basically Knots vs Core... again. Feels like traveling from somewhere actually real, with real problems, to lala land. Maybe Luke missed his calling as a theater kid?

@GaryCardone Cry more

All these crypto experts who think tax clauses opens up retail to Bitcoin yet know very little about payments and the plumbing that is related. Refunds, Disputes, reversals and don’t forget the Float! The monopoly moat is wide and deep.

@RHodls @saylor sata is daily and not at par

The biggest issue with $STRC is the ATM is never ‘live’ (trading at par) when Bitcoin is at its weakest. It takes time for $STRC to recover from Bitcoin drawdowns, when ideally $MSTR should be buying aggressively. The twice monthly dividends will help with this. But @saylor needs to get to daily ASAP IMO to ensure maximum stacking when the market is the most regarded.

@TFL1728 @NakedHedgie Just end this mail in voting bs

@NakedHedgie This is what real election fraud looks like.

@Barchart No one cares it’s fake money

U.S. National Debt projected to soar to $64 Trillion over the next decade 🚨🚨 Probably Fine?

@GaryCardone @EgyptianMaxi Sell

@EgyptianMaxi pls remember moving a 50,000 dollar product requires more energy than moving something from 3500 to 1500.

When I bought Bitcoin at $3,500, people said it was going lower. They were right. But years later, did $3,500 vs $3,000 really matter? No. Rounding error. A decade from now, this range will look the same. Stop obsessing over the bottom wick. Have conviction in the greatest asset on the planet.

@surajit_ghosh2 What the fuck are they floating on

This is what experiencing Philippines 7.8 magnitude earthquake in the middle of the water looked like at Lake Holon

@jackmallers @GaryCardone @Strike Gary doing his best to buy back lower

@GaryCardone What? @Strike generates growing revenue and profit. Also, what was a large pension executive doing talking about me in 2022? That’s hilarious. I’ll take it as a compliment! You can let them know we figured it out.

a very large pension executive made a comment to me 4 years ago; 'Jack has yet to figure out how to achieve revenue and four years later, he has yet to figure out how. 150 btc treasury company will bail on their strategy to fix their business with bitcoin. Revenues and income solve most all problems related to business.

@Timcast Go build one there

why not just build the data centers in antarctica where no one gives a fuck and its cold

@AmmousMD No we only care about the next 15 seconds

30 million Americans are currently on a GLP-1 drugs. -Are we ready to deal with the unknown long-term effects?

@netanyahu Oh fuck off

The antisemitic dictator Erdoğan – who is committing genocide against the Kurds, supports the Hamas terrorist organization, oppresses his own people and imprisons political rivals – is the last person who can lecture the State of Israel on morality. The State of Israel and the IDF, the most moral army in the world, will continue to take forceful action against Iran and its proxies, which threaten the Middle East and the entire world.

@GaryCardone @GMONEYPEPE Pain only sir

and that should say everything.....we are going lower.... bitcoin spends more time talking about those dumping their bitcoin rather than talking about buyers. buyers are badly needed, not talkers, not philosophers, not the 30 million dollar club predictors, we need real buyers with real cash. new money must enter bitcoin otherwise we go no where.

This is EXACTLY what I’ve been talking about: Bitcoin holders and current pricing are WAY too disconnected! WATCH!👇

@thepowerfulHRV It will hold that yellow band for the next 10 years

The power law suggests Bitcoin is up only from here. BTC has rarely deviated this far from the power law. A rally to the upper band would put BTC well over $400K, something it has done multiple times in the past.