Lyle Hauser

1) What do Bitcoiners and 🇿🇦 South African Caves have in common? A 🧵thread on the world’s first example of proof of work and the birth of money:

Jordi Visser explains why Bitcoin is "the only thing built on code" safe from the destruction AI will cause.

Every dollar that is printed steals the purchasing power of the dollars you have saved.

Mark Yusko explains why the Bitcoin bottom is already in.

After every geopolitical crisis since 2020, Bitcoin has had a positive 60-day return.

Checkmate says there's only a couple hundred thousand Bitcoiners who self-custody their own BTC. Do you agree with his estimates?

The success of Saylor's $STRC, explained by @JoeConsorti.

$75K appears to be the line in the sand for Bitcoin. Flip it into support and we could be off to the races.

In 2018, Harvard professor Kenneth Rogoff said Bitcoin was more likely to go to $100 than $100,000. His 12-year-old daughter once mined 25 BTC… and sold it for a $700 Amazon gift card.

Jeff Park explains why a de minimis exemption for Bitcoin would be a major unlock for adoption.

Saylor explains the STRC play to CNBC: Take Bitcoin’s volatility… and turn it into yield. He’s carving out 11% returns for credit investors via a preferred stock, backed by BTC, while equity holders keep the upside. He's making a multibillion-dollar bet that Bitcoin will outperform 11% long term. If he’s right, equity holders win big. If not, the yield still holds for 50 years. This is how Bitcoin becomes a capital markets engine.

Bitcoin is undervalued by 75% at these levels.

According to Lyn Alden, Bitcoin doesn’t need new narratives to thrive. It comes down to one question: Do people want self-custodied, portable, undebasable savings? And if so, how many people want that and under what conditions?

Do you think Dave Portnoy took Saylor's advice in terms of Bitcoin?

This is why most people don't understand Bitcoin.

Why Bitcoin is Replacing Gold as the World's Ultimate Safe Haven

Jordi Visser thinks Bitcoin is the ultimate winner in world where capital rotates out of the stock market and into the hands of the AI entrepreneurs. The global financial system is over-financialized. The S&P’s market cap is ~220% of US GDP, double what was once considered dangerous. His base case: the economy grows for a decade while the S&P goes nowhere. Wealth stuck in the stock market is quietly debased. Capital leaves stagnant public markets and flows to entrepreneurs, private companies, and new networks. Bitcoin wins as the scarce asset those gains rotate into.

Simon Dixon says Bitcoin is the best shot we have for human freedom, but it's not guaranteed to succeed.

Pantera's Cosmo Jiang explains that after the October sell-off, Bitcoin became deeply oversold relative to its fundamentals. Now investors are remembering something important. Bitcoin is a borderless, sovereignless asset. Just what you need when geopolitical conflict erupts.

Alex Krainer, analyst and former hedge fund manager, warns that Europe may be heading toward a debt crisis that may resemble some combination of Weimar-era Germany and the collapse of the Soviet Union. He argues that rising bond yields, investor flight, and central bank uncertainty could trigger a prolonged economic unraveling. Full Transcript: "I think the European economies, which are already in a severe recession, are now looking to accelerate into a depression and probably hyperinflation. Even if you go back to before the war started in Iran and look at the speeches by Ursula von der Leyen and Christine Lagarde, you can see the warning signs. Ursula von der Leyen has been pitching rearmament as a great way to revive European economies and bring prosperity and jobs to Europeans. At the same time, Christine Lagarde did not sound confident at all. She was essentially saying that we have to prepare for a period of heightened uncertainty, which in central bank language means we are losing control. Two days after that speech, she announced that she would be retiring early. I believe her term was supposed to run through the end of October or November 2027, but she will be stepping down a year sooner. And that was not the only speech she gave with that tone. She has already made several statements suggesting that conditions are deteriorating. At the Munich Security Conference, she expressed concern about European debt and European bonds being dumped at fire-sale prices on international markets. That means international investors could start selling off the bonds of European countries. What does that tell you? It suggests that interest rates could move dramatically higher. So I think Europe is facing a future that may resemble some combination of the Weimar Republic in Germany last century and the collapse of the Soviet Union. I believe that is one of the major events ahead of us. Of course, these things never happen overnight. The crisis itself could span many months or even years. We do not know what the trigger point will be. Markets are very good at pretending that nothing is wrong, and then one day, you get a panic reaction."

Worth taking 3 minutes to watch this clip!