Wright Lauten

I’m not sure who needs to hear this but Bitcoin could easily 20x from here.

The f*ckng developers of Samourai wallet got 5+ years and they didn’t steal a cent from anyone. When you think you hate your govt enough, you find out you’re wrong.

If I were Michael Saylor and $MSTR was trading anywhere around 1.5x mNAV, I would raise enough capital to cover a minimum of 5 years of dividend obligations for 3 reasons: 1. We are in a Fourth Turning. For anyone who hasn't read the book, this is a period when what can go wrong usually does go wrong so you want maximum protection against tail risk. Most people massively underestimate this. 2. You further strengthen confidence across the entire capital structure. Five years of runway provides even greater certainty around dividend coverage for Digital Credit investors regardless of market conditions and reduces tail risk for Digital Equity investors. This is arguably the most important. Since $MSTR is not truly anchored to the price of Bitcoin, the entire game is based on confidence (sentiment). 3. You create optionality. The capital can be deployed opportunistically into Bitcoin if the price falls materially, instead of being trapped solely in defensive funding mode. If the Bitcoin price holds, nothing is lost because the capital can still be used to service dividend obligations, retire convertible debt or directed to any other activity deemed beneficial to shareholders. Anti-fragile.

The Bitcoin power law points to ~$600k by 2031. That said, I think a strong bull run could push it above $1 million per coin.

@IIICapital The gap is absurd. When institutions and capital allocators finally wake up to what Bitcoin actually is, the repricing could be extremely violent. Most people are still far too bearish. Higher.

There are 10+ individual companies worth over $1 trillion. Bitcoin is still only a ~$1.5 trillion asset. When the market finally realizes what Bitcoin is, this could reprice violently fast. Bitcoin-gold parity is ~$1.5M per BTC. Almost everyone is too bearish.

BREAKING: SOMEONE JUST BURNED $8,500,000 WORTH OF BITCOIN BY SENDING IT TO A BURN ADDRESS 🤯 THIS IS WILD

What you say is true, but nonetheless our AI will be great. Whether it is the best remains to be seen, but I will never give up. Never. Space(XAI) is only 3 years old. That’s half the age of Anthropic and quarter the age of OpenAI. Let’s see where things stand 3 years from now.

We all know that Bitcoin Treasury companies are dependent on Bitcoin going up. But the key insight is that the chain of causality has flipped. It used to be: Bitcoin going up -> BTCTCs doing well And now it‘s: People wanting 11.5-13% income -> BTCTCs selling prefs -> Bitcoin going up -> BTCTCs doing well Prefs are the engine that will make Bitcoin go to $1M and then to $10M. Like a turbo engine, it starts feeding itself, once it really starts going. The key ingredient is capital flow into prefs. And this will happen because people need 11.5-13% of low volatility income. Prefs like $STRC and $SATA will eat into numerous capital pools, including bonds, dividend stocks, index investing, and real estate. The next key milestone will start in 2028, when both STRC and SATA will achieve their 3-year anniversary. This will open the floodgates, as a lot of institutions are only allowed to buy assets with a track record of at least 3 years. The real bull market will start in 2029. Bookmark it.

Federal Reserve Chair Kevin Warsh on CNBC: "If you're under 40, Bitcoin is your new gold." "With every passing day, it's getting new life as an alternative currency." This is the Fed Chair. Not a Bitcoin podcast.

SpaceX put 10 megawatts of solar power in space across 3000 gen1 Starlink satellites, then they put 100 megawatts in space with 7000 gen2. soon, they're doing 1000 megawatts with gen3. SpaceX is basically 10xing space solar every few years!

Michael Saylor knows something the rest of the world doesn’t. He’s operating on asymmetric information that you can’t even begin to imagine. He’s meeting with the most important investors in the world on a daily basis. He’s engineering the greatest trade of all time.

Michael Saylor says Bitcoin is still cheap at $8 MILLION. That tells you everything about how strategic buyers frame this asset. Bitcoin doesn’t need universal adoption. Just enough powerful buyers moving faster than available supply. 🎥 5-min breakdown:

Raoul Pal: "If we're going from $2.5T to $100T, why the f*ck would you sell anything??" The entire financial system is rebuilding on crypto rails, agents are everywhere, robots are incoming, the CLARITY Act is crossing the line... "And you're going to sell it because Raoul and Julian think the liquidity cycle is going to slow down for a bit?" "F*cking bananas." We're at the fastest acceleration of technology in all of human history. Trying to time it is stupid FT @RaoulGMI @BittelJulien @RealVision.

BILLIONAIRE MIKE NOVOGRATZ SAYS MICHAEL SAYLOR IS BUYING SO MUCH #BITCOIN HE WILL TRIGGER A SUPPLY SHOCK HE IS BUYING "BILLIONS PER WEEK" EXCHANGES DON'T HAVE "ENOUGH SUPPLY" CALM BEFORE THE STORM 🚀

There is a key distinction: The conservative 4% borrowing strategy only works if you never give up custody of your Bitcoin. That means using properly structured, non-custodial or multisig solutions, not handing your coins over to a centralized lender like BlockFi did. The moment you send your BTC to a company’s platform, you’re no longer borrowing against Bitcoin — you’re lending it to them and hoping they don’t blow up. That’s the entire lesson from 2022. The strategy itself isn’t bad. Trusting the wrong counterparty is.

@wlauten07 @shaguncrypto I dont disagree, but it's all fine until you wake up one morning and Blockfi has imploded.

You could literally - - Stack 5 BTC at $70k ($350,000 total) - Bitcoin reaches $1M - Borrow just 4% against it yearly That’s $200,000/year in liquidity No capital gains tax & still holding the asset Why are people still trading their Bitcoin away?

People are finally realizing Michael Saylor is engineering the most sophisticated trade in financial history > Accumulate a massive BTC stockpile > Offer a new bank account paying 11.5% > Pay off all debt, optimize balance sheet > Achieve S&P 500 inclusion > Front run the U.S. Strategic Reserve > Front run all global economies > U.S. government takes stake in MSTR > Have a first mover advantage > Monopolize the entire crypto market > Position yourself before everyone else THIS HAPPENS ONCE IN A LIFETIME

You’re right — you can’t easily tokenize complex assets on Bitcoin’s base layer today. That’s not the thesis. Bitcoin isn’t trying to be the tokenization chain. Its job is to serve as the final, most secure settlement and collateral layer. Tokenized assets on Ethereum or other chains can ultimately settle onto Bitcoin for finality. They’re two different roles.

@wlauten07 You can't tokenize assets on Bitcoin so this thesis is flawed.

The largest tailwinds for the crypto industry comes from tokenization and stablecoin supply growth. Bitcoin does not benefit AT ALL from this. 5-10T dollars will come onchain. Its likely Ethereum captures somewhere between 50-70% market share. The writing is on the wall. ethereum:native

Bitcoin rails = the final settlement layer. Bitcoin’s base layer will be used for final, irrevocable, high-value settlement — not for everyday small payments. What will settle on Bitcoin rails: • Large institutional transfers — Between banks, sovereign wealth funds, or governments. • High-value tokenized assets — Such as real estate titles, corporate bonds, Treasuries, etc • Collateral movements — large derivatives, lending, or repo markets where counterparties demand the hardest possible collateral. • Sovereign or central bank reserve transactions — When nations move value between each other without trusting intermediaries. • Large cross-border settlements — Where finality and censorship resistance are paramount. Bitcoin’s base layer excels at being the most secure, most decentralized, and most immutable settlement network ever created. It is slow and expensive by design — because those trade-offs give it extreme security and finality. This is why the smartest thinkers are describing Bitcoin as “digital gold + digital Fedwire” — the ultimate settlement asset, not the payment rail. Everyday transactions, micro-payments, and high-frequency activity will happen on higher layers (Lightning, Ark, sidechains, or even stablecoins) that settle periodically back to the Bitcoin base layer. So Bitcoin doesn’t need to be used for buying coffee to win. Its job is to be the final backstop for the entire financial system. That’s a much bigger and more valuable role. Higher.

@wlauten07 What settles on Bitcoin rails?