Σugι
46 posts


JUST IN: 🇺🇸 Donald Trump says "I will ensure that the future of crypto and #Bitcoin will be made in the USA…I will support the right to self custody to the nations 50 million crypto holders."
English

1/ #FIT21 passed the House today with 279 votes.
Today’s bipartisan support signals that both parties see the value in working towards establishing clear guidelines to enable innovation while prioritizing consumer safeguards.
Sounds simple, but the journey here hasn’t been.
English

Over the past three years, I have spent a TON of time working with many other great people on crypto policy in DC.
Today marks an epic, multi-year, multi-player victory for crypto.
I have always been a wildcard & activist in DC, which has value at the right time and place. (Like this week.)
Along the way, the Messari team has trusted my instincts, ignored the noise, worked relentlessly hard on product, and catapulted back to growth mode following the FTX fraud and collapse.
For me, this was a fight worth picking, because what we are doing as an industry is important.
Crypto is technology for free people, free thinking, and free markets.
It enshrines American values like free speech, self-sovereignty, privacy, due process, and decentralized governance into the future of the global financial system and decentralized web.
It limits the power of government, of big banks, and of tech monopolies.
And on crypto policy, as America goes, so goes the rest of the world.
We *must* win here.
It’s been a good week, but the job’s not finished.
I appreciate the customers that have bet on Messari and stuck with our team even when my public stances have been unpopular or even infuriating.
Today is a good reminder:
We’re on the same team.
🇺🇸🇺🇸🇺🇸
English

The White House's statement this morning recognizing the need for comprehensive crypto legislation to promote innovation and reinforce U.S. leadership, and its expressed eagerness to work with Congress to get it done, is remarkable and encouraging. Glad to see us finally moving past this notion that "no new laws are needed" - we have wasted precious time; now let's show the world we can build a safe, functioning, and thriving crypto market in the U.S.

English

I’ve sold all my #Bitcoin
Yes, I did. I didn’t lose my faith in Bitcoin, I’m not expecting Bitcoin to be topped out for this cycle. I’ve not become a complete believer in Gold.
I’ve sold all my Bitcoin.
In this longread I’ll explain why I’ve done this and what I’ve done with that amount of Bitcoin I had.
Technically speaking, I’ve sold my Bitcoin as I’m aiming to get more Bitcoin back later in the year. It’s a bull cycle, we can’t deny that.
In the past week we’ve seen that pension funds, insurance companies and the biggest hedge funds of the U.S. have been allocating funds towards the Spot Bitcoin ETF. CME Group has announced a futures ETF to be launched and sooner, than later, we’ll be getting option based trading through which Bitcoin becomes an mature asset in the world.
That automatically means that the simplicity of the four-year cycle is going to diminish over time and that the halving will have a reduction in impact over the cycles, as institutions do care more about risk appetite in their portfolio combined with macroeconomic events taking place. They’ll derisk when the liquidity is going to be drying up and a stronger Dollar will be taking place. It’s all about risk, at the end of the day.
If you want to watch my strategy behind the fact that I’ve sold my Bitcoin, I explain it all in my latest video on YouTube: youtube.com/watch?v=IoOZP4…
Therefore, this cycle is, relatively, the final easy cycle to make a lot of money from through altcoins. How do you generate a lot of return through a bull cycle in Bitcoin terms? That can be done in several ways.
First à You can sell your Bitcoin at highs and aim to generate more Bitcoin from it by buying back from lower regions. This is a common principle and could easily be done, although there’s a lot of risk involved by doing this as you could be off by your timing through which you’ll be looking to get yourself into losing your BTC.
Second à You’ll be able to use leverage to go long/short on Bitcoin and get more Bitcoin through trading futures on the actual asset. For me, on most exchanges in the Netherlands, it’s simply not possible to be doing this.
Third à Accumulate more Bitcoin by stacking sats through getting income outside (or inside) the crypto ecosystem by labor. This is the easiest way of generating more Bitcoin.
Fourth à Trade altcoins within the Web 3.0 ecosystem to get more Bitcoin. The riskiest path, as you can easily lose your Bitcoin by timing the markets wrongly or timing your investment at the wrong moment in time.
I’ve chosen the last one. I’m 31 years old, entrepreneur and in this markets since 2017, surviving multiple bear and bull markets in the past years. I know the tides, and I know that, in order to get a large return, you’ll need to get more knowledge and you need to dare to take the risk, against all odds and sentiment. That’s where I fancy it the most and that’s also where I’ve had periods that things went south. Can’t deny that.
In order to have a proper working decentralized ecosystem, you’ll need to succeed with assets outside of Bitcoin, it’s as simple as it is. The Web 2.0 space needs to get tokenized, through which we’re going to be seeing a lot of tokenization taking place and even the CEOs of the largest funds and asset managements have been stating that everything will be tokenized at some point in time.
That’s my bet.
But why now? Why did I decide to swap my Bitcoin in the past weeks to altcoins?
Multiple factors. Solely dedicated to Bitcoin, but also dedicated to the ecosystem as a whole, and I’m not diving too much in it yet. All I know, this world is going to be about getting as much Bitcoin and Gold as you can. Hard assets. Salable assets, because QE will start sooner than later and inflation is killing your purchasing power, living standard and pleasure in life. Bitcoin is the outcome.
The Spot Bitcoin ETF has been approved in the past months and that has resulted into a lot of liquidity to be pushed towards the ecosystem. That’s great. It opened doors for crypto as an asset which we’ve not seen before and that’s a positive signal. As mentioned before, parties as insurance companies, pension funds and likely governments are allocating funds towards Bitcoin through the ETF.
However, crypto-native people have swapped their altcoins for Bitcoin during this period. How do I know? It’s in the charts. Since the week of the approval on the Bitcoin Spot ETF, you’ve seen that Bitcoin valuations of altcoins have started to drop substantially, and, as a result, we’ve seen that they are down 70% since then, through which Bitcoin was kept up and has relatively shallow corrections.
On the other hand, if you’re looking at previous cycles, you would suggest that the rotation from Bitcoin to the altcoins (around the halving) happens prior to the halving. This time it’s entirely different as the markets continued to show strength. The only weakness we’ve seen lately is the rotation of Bitcoin towards USDT, showing the current slight outflow on the ETF in the past weeks and the heavy correction on altcoins. That was fueled by some other big events.
The Ethereum ETF. The chances of an approval are close to zero due to the security aspect of Ethereum. It might be unclear which part of Ethereum is the security part, it might be the staking part, it might be the ICO in 2015, it might be both. We’ll know in a few weeks.
However, Ethereum remains to be the central point of the Web 3.0 ecosystem, whether you like it or not. Solana is not a representative of the ecosystem, you can’t tell me that institutions are going to opt for a system that can easily be out of work for more than six hours and isn’t completely decentralized.
From a investment perspective, the latest letters from the SEC stated that most altcoins are unregistered securities and several upcoming events are taking place showing where this is going to. What is particularly the security part of all these events?
Due to this, the chances of a potential approval of an Ethereum ETF close to zero, it’s the time to wake up. Why? Well, usually this becomes a ‘Sell the Rumour, Buy the News’ type of events. Everyone is expecting the worst. If the worst comes, the news is out and it can only be better. If news is only slightly better than that, markets make a significant U-turn.
That’s where multiple dots are important for me.
- The chances of an Ethereum ETF might be close to zero, but Invesco’s application has been delayed, not denied. The SEC needs to come forward to provide clarity on this aspect and are likely going for the security stance. Court will decide.
- FIT21 bill to be voted in the House is finally going to give a framework for crypto in the U.S.
- XRP lawsuit coming to a final stage where they are likely going to be winning and not being declared a security.
From that perspective, I think the altcoins have been crushed unreasonably hard. The upside can’t be denied. DePIN and RWA are going to be massive, more and more traditional companies are transitioning towards the Web 3.0 ecosystem. It’s time to allocate yourself into this if you want to make a large return.
Then; what’s the downside of this bet? It’s relatively huge. At the moment of posting, I’m down around 20% already in a matter of 1-2 weeks on the overall investment. It’s part of the game. I can lose 50-80%, why I’m fine with, as I’ll find ways of continuing my life to generating income anyway.
On the other hand, I might make a return of 300-900% in the coming 6-12 months in Bitcoin value. If Bitcoin stabilizes through that period, I can make another 300-600% return by simply holding Bitcoin afterwards, through which you could say that 900-4500% is the ballpark of a potential return for the coming 12-24 months in this super cycle.
I’m fine by taking that bet. I’m happily allocating entirely towards altcoins and I’ve happily swapped my Bitcoin towards them.
The bull cycle will be glorious.

YouTube
English

I would like to thank everyone for your care and support, be it writing letters, showing support on X, or in any other form. They all mean a lot to me and keep me strong. I will do my time, conclude this phase and focus on the next chapter of my life (education).
I will remain a passive investor (and holder) in crypto. Our industry has entered a new phase. Compliance is super important.
A silver lining of this whole process is that Binance has been under the microscope. And funds are SAFU.
Protect users!
English

This has been a tough morning for me.
Two of my addresses have been compromised.
The attack is limited to my personal accounts, and has nothing to do with validation or operations of the Ronin chain.
Additionally, the leaked keys have nothing to do with Sky Mavis operations.
I want to assure everyone that we have strict security measures in place for all chain related activities.
Thank you to everyone that's reached out. I'm safe.
I will get through this.
I will keep pushing forward with each and everyone of you on this magical journey.
The mission: bring economic freedom to all users of the internet starting with gamers.
Same as yesterday🤝
English

@DTAPCAP @JasonYanowitz Same here. His YouTube Bitcoin lectures are brilliant
English

@JasonYanowitz That's Antonopulous in the pic there i think...he was so key for me.
English

We're standing on the shoulders of giants today.
Erik Voorhees, Charlie Shrem, Gavin Andresen, Jesse Powell, Andreas Antonopoulos, Jerry Brito, Brian Armstrong, Wences Casares, Adam Back, Cameron and Tyler Winklevoss, Bill Barhydt, Stephen Pair, Tuur Demeester, Mike Belshe, Hal Finney, Roger Ver, and so many more.
We wouldn't be here without you.

English

@DavidBassanese Singapore is doing something about it - effect April 27, foreigners will pay 60% tax on any residential purchase
English

Are there not restrictions on foreign property purchases? Or is this just buying for "temporarily resident" children studying here.. either way seemingly lax rules not helpful in an inflamed property market.
afr.com/property/resid…
English

Here's my conversation with Andrew Huberman (@hubermanlab), his 4th time on the podcast. Andrew is an amazing human being and a great friend 👊❤ He flew down to Austin just to wish me a happy birthday, and we sat down for an impromptu late-night podcast! youtube.com/watch?v=eTBAxD…

YouTube

English

14+ work hour days.
Really tired AF
It’s going to be same over the weekend too.
All for the RWA Marketplace
All for #Polytrade
Let’s go Fam.

English
Σugι retweetledi

El Salvador’s Legislative Assembly has just approved, by an overwhelming majority, the new Digital Securities Law!
Forward, always forward…
More information on this thread👇🏼
The Bitcoin Office@bitcoinofficesv
El Salvador is #Bitcoin country. Bitcoin is money. Everything else is a security.
English

@cz_binance True, attention grabbing headlines. We are hard wired for negativity!
English

@phtevenstrong Excellent point. Agree 100%. Transparency without on-chain data is as good as no transparency. Midas joined the party yesterday
English
Σugι retweetledi

Self-recommending essay from Slate Star Codex, from the perspective of a somewhat skeptical outsider, on why we shouldn't knee-jerk write off crypto.
astralcodexten.substack.com/p/why-im-less-…
English










