Millie

I’m a great listener.

@RoaringRagnar @PunterJeff Thrilled to have @PunterJeff on the right side.

I finally watched the COFFEEZILLA vs. JEFF WALTON debate. First of all, what an incredible performance by @PunterJeff. 👏🏻 Second, you find the full transcript of the debate below, if you want to reference certain parts of it. Here are my key takeaways: Coffeezilla's main objection was about language, not legality. He argued that "digital credit" misleads retail because preferred equity has no principal repayment, yet the product is constantly compared to bonds, money market funds, and bank accounts. His position throughout was that if risks are properly disclosed it's fine, but the marketing is where the trouble starts. In my opinion these are mainly semantics, and @coffeebreak_YT focused way too much on it. All risks are properly disclosed in the SEC filings. Nothing is hidden. Coffeezilla doesn't believe that Bitcoin will grow by 30% annually over the next 5-10 years, or 13% for 20-30 years. That's fine of course. Everyone can disagree. But it's just an opinion, and not really revelant for this discussion. Coffeezilla is worried that the flywheel might reverse one day if Bitcoin was in a prolonged bear market or stopped growing >13% per year. Again, this risk is real, and everyone who is purchasing $SATA or $STRC has to underwrite this risk. Coffeezilla's closing argument was counterintuitive. His expectation is that digital credit will succeed wildly. But he's worried that more issuance means a growing overhang of perpetual obligations all dependent on continued high CAGR Bitcoin appreciation, which he doesn't believe in. So to summarize: - Coffee doesn't believe in a Bitcoin CAGR >13% - Coffee believes that digital credit will be wildly successful (!) - Coffee believes that the flywheel will reverse one day and the whole thing will unwind - Coffee doesn't understand the insurance business, or more broadly, companies that have a balance sheet and underwrite risk (like Bitcoin Treasury or structured finance companies) Let's put these points into perspective: 1. At 13% yield, you get your full principle back after 7.69 years, and at 11.5% yield, you get your full principle back after 8.70 years. So that's the duration you are effectively underwriting. 2. Both Strive and Strategy have 1.5 years of dividend coverage in USD. Which means that your effective duration at risk is shortened by this time. 3. You can buy SATA/STRC for $100 (or below) and set a stop loss at $95 or $90. Which would mean that you'd be break-even after 5 or 10 months, and can't lose money after that. 4. Or, you can buy a $90 long put to hedge your exposure, so that your max loss is $10 if you buy at $100. I love Coffeezilla, but here he clearly doesn't know what he is talking about. Here's how I see it: The more people talk about these products, the faster they will grow. So thank you, Coffeezilla, for helping to promote Digital Credit. 🙌🏼 @saylor @phongle @ColeMacro @Werkman @Trollstein @IIICapital

@PunterJeff @coffeebreak_YT Well done, mate 👏🏽

Sat down with @coffeebreak_YT today on Bitcoin and Digital Credit. His edit will drop soon. Posting the full raw hour for anyone who wants the unfiltered version. Enjoy

You don’t have to always counter opposing, uninformed positions with logical arguments until you’re red in the face. Most times, the right question & the right tone will do the heavy lifting for you. Well done @PunterJeff.

“You can’t spend Bitcoin like dollars.” ➡️ “Have you been to Steak n Shake lately and seen they’re accepting Bitcoin for payment now?”

Loved how @PunterJeff masterfully used a technique I regularly deployed in contract negotiations: don’t argue your position to death; just ask a question w/ a tone of curiosity to expose the other side doesn’t know what they’re talking about. Amazing how quickly they concede.

Bitcoin IS hope.

👀

@bitcoinwell As someone who is 40 years younger than Ray Dalio and has a longer future to prepare for, I’m going with the #Bitcoin.

Ray Dalio is telling you Bitcoin isn't a safe haven. "There is only one gold," he says. Gold mines 1.5% new supply a year. Bitcoin issues 0.83%. The man who wrote Principles for Navigating Big Debt Crises; the man whose fund hedges currency debasement with bullion in Singapore vaults is telling you the asset that's already harder than gold isn't a safe haven. Because central banks won't touch it. That's the point. A safe haven that the central bank approves of isn't a safe haven. It's a permissioned asset with extra steps. Dalio knows this. He raised his recommended Bitcoin allocation to 15% last summer. The press tour is the cover. The allocation is the conviction. There is only one gold. There's also only one asset harder than gold and it gets harder every four years.

@waithiraah Great work, @waithiraah! Keep it up!

Day 4 of proving you can pay for things in Kenya using #bitcoin only! Paid our Maasai guides in Amboseli with bitcoin and they received Kenyan Shillings instantly. For tourists and visitors alike, you don’t need cash, a local SIM card, or a bank card that may or may not work while visiting Kenya. With just your bitcoin, a Lightning wallet, and the @tando_me app, you can pay across the country as easily as a local using mobile money.

@LawrenceLepard @BTCYN @LawrenceLepard 👇🏽

The Big Print

@natbrunell @Giovann35084111

Bitcoin to $1M isn't a prediction. It follows a law of nature. @Giovann35084111 joins me to break down the Power Law governing Bitcoin's price trajectory. The same pattern exists behind earthquakes, galaxies, the growth of cities, the internet's adoption and more. TIMESTAMPS: 00:00 What is Bitcoin Power Law Theory? 7:58 What Does Bitcoin Power Law Explain? 14:03 The Bitcoin Chart You Can't Unsee 14:52 Bitcoin's Price = Time to the Power of ~6 21:30 Bitcoin Follows Laws of Nature, Just Like the Universe 26:22 97% of Bitcoin's Behavior Explained by One Equation 33:37 Bitcoin's Addresses Grow Like the Internet, But Faster 34:10 Why Bitcoin Is a Bottom-Up Network, Not an S-Curve 37:44 Does the Power Law Apply to Gold or Nvidia? No. Here's Why. 39:18 S&P 500 Is Just Beating Inflation - Bitcoin Is Something Else 49:43 Price Predictions: $120K in 2026, $1M in 8 Years, $10M in 20? 56:40 Bitcoin Has Gone Up 100 Million Times. Still Has 100x Left.

@thekylehuber @Square Coffee shop name, please and thank you!

Just used a @Square terminal to buy coffee with bitcoin in SEATTLE! It was seamless and sparked a great conversation. So bullish. Apparently I was their first customer to pay with satoshis ⚡️🟧

@business @mckonomy There’s CPI that’s reported. And then there’s real inflation that’s not. Which do you think people are actually feeling? h/t @River

The US consumer price index jumped 3.8% on a year-on-year basis, outstripping workers’ earnings for the first time in three years and marking the highest inflation print since May 2023. @mckonomy has more bloom.bg/49r9WvY

@Barchart @BTCYN Here’s an idea @McDonalds. Make healthier fast food and add #Bitcoin to the balance sheet. @SteaknShake is. And they’re winning because of it.

BREAKING 🚨: McDonald's $MCD now trading at its lowest price since 2024 📉📉

@Variety “Neither credible nor attractive” is my new go-to retort.

eBay has rejected GameStop CEO Ryan Cohen’s unsolicited $56B takeover proposal, calling the deal “neither credible nor attractive.” • The board of eBay cited several factors including the “uncertainty” of eBay’s financing proposal • Questions immediately arose about how GameStop could swing the deal, even with a $20B debt financing commitment from TD Securities wp.me/pc8uak-1lHg3Z

@WatcherGuru Don’t know about you, but I rather am enjoying seeing the banks panic and scramble in response to the demand for digital assets.

JUST IN: 🇺🇸 Senator Bernie Moreno says the "banking cartel is in full panic mode" over crypto Clarity Act. "For decades, these banks have treated your deposits like their personal piggy bank, paying you next to nothing while lending YOUR money out for massive profits and executive bonuses." "Now that innovative stablecoins threaten to break their monopoly and give you actual financial freedom? They're running to Congress again, screaming about threats to economic growth and financial stability."

@CoinMarketCap As someone who is 40 years younger than Ray Dalio and has a longer future to prepare for, I’m going with the #Bitcoin.

LATEST: ⚡ Ray Dalio says Bitcoin hasn't truly acted like a safe-haven, citing its lack of privacy, high correlation with tech stocks, and relatively small market compared to gold.