BitBagger

If quantum “kills” Bitcoin, it also kills: • The global banking system • SWIFT transfers • Stock exchanges • Military communications • Nuclear command systems • Every HTTPS website on earth If Bitcoin is dead from quantum, your portfolio is the least of your problems.

Folks, we told you this was coming, and today the mask is fully off. A couple weeks back we reported, based on solid sources, that Coinbase was quietly lobbying to kill a real de minimis tax exemption for Bitcoin while pushing one that applied only to stablecoins like USDC. We laid out the clear incentives in our deep dive. Coinbase made 1.35 billion dollars in stablecoin revenue last year, up 48 percent year over year, almost entirely from yield on the Treasuries backing USDC. A proper Bitcoin de minimis would let people spend sats on everyday purchases without triggering taxable events on every transaction. That directly competes with their centralized yield machine. We called it what it was. Policy that protects Coinbase’s float rather than advancing neutral Bitcoin adoption. Brian Armstrong pushed back hard. He called our reporting totally false and misinformation while insisting he was personally lobbying for Bitcoin de minimis. Some accused us of lying or spreading rumors. We stood firm. We offered to have Brian on the TFTC podcast to clear the air. We waited. Now the latest draft from Reps. Horsford and Max Miller on the updated PARITY Act framework has dropped. It confirms exactly what we warned about. It gives a de minimis exemption to stablecoins but leaves Bitcoin out entirely. It keeps the punishing double taxation on Bitcoin mining fully intact while carving out relief for passive validation, basically staking. This is not an oversight or sloppy drafting. It abandons any pretense of technology neutrality and deliberately picks winners. Dollar-pegged stables and staking get the breaks, while actual Bitcoin usage as money and Proof-of-Work mining get kneecapped. Without de minimis for Bitcoin, every small Lightning payment or sat transaction still forces cost-basis tracking and IRS headaches. Paying your plumber in sats or grabbing lunch with Bitcoin remains a taxable event. Stablecoins, being pegged and low-volatility, get an exemption they barely need. The real beneficiary is protecting that massive USDC reserve float and the yield it generates. Meanwhile, American Bitcoin miners, already operating in one of the toughest, most capital- and energy-intensive industries, face continued double taxation while staking gets a pass. That is not neutral policy. It is industrial policy against domestic Bitcoin mining at a time when we should be leaning into energy abundance and securing the hardest monetary network. The Bitcoin Policy Institute is releasing a full statement soon, and we fully back the call for strong community pushback. Every Bitcoiner needs to contact their reps and make it politically radioactive to sideline Bitcoin while handing carve-outs to stables and staking. This language slows real adoption, entrenches custodians, and weakens American Bitcoin infrastructure. We weren’t lying. Our sources weren’t lying. The draft proves the reporting was on target. Those who rushed to call it misinformation owe the community some honest reflection. Brian, if you’re still open to that conversation, the invitation stands. Come on the podcast. No spin, just walk us through how this draft lines up with your stated support for Bitcoin de minimis. The mic is warm. This fight isn’t over. Bitcoin doesn’t need permission, but bad policy can delay sovereign adoption and punish the miners securing the network. We’re here to protect the protocol and the right of individuals to use sound money without turning every transaction into a compliance nightmare. Stay sovereign. Stack sats. Use Bitcoin as money anyway. Call your reps today.

FORMER FINANCE PROFESSOR TAD SMITH: "After 25 years teaching finance, I realized at 58: If the money printer grows 8-10% annually and the S&P 500 returns ~9%, it’s just treading water. True wealth comes from outpacing the printer. That’s the Bitcoin journey."

So to recap, the $35k Bitcoin bears believe: - Despite half the volatility of four years ago and a muted upside bull run, the downside of 2022 is equally as likely - BTC/Gold reversion of this magnitude means absolutely nothing, when historically it means that Bitcoin moons over the next 6 months to 2 years - We're going $20k under the Power Law support line, which has never happened in history - We're due for another 50% correction after an all-time low in the Fear & Greed Index and the Relative Strength Index - It doesn't matter that digital credit is taking off and Saylor is buying well over $100 million of Bitcoin per day this year - It doesn't matter that IBIT AUM is mostly flat despite a 45% BTC correction and Morgan Stanley is about to come out with their Bitcoin ETF, they recommend 2-4% allocations to BTC with $9.3 trillion in total client assets across Wealth and Investment Management - A sell-off of prior bear cycle proportions is equally as likely when now the trend is institutions buying hand over fist - We are getting a 50% correction after a 45% correction after tremendous resilience after the world's largest geopolitical stress event in over 20 years - Prediction markets pricing in CLARITY Act getting passed for the first ever widely-encompassing market structure in crypto history Have we hit the absolute bottom? Not sure. But if you think we are going to $35k from here you need to lay off the crack pipe.

@Strategy Strategy literally FOMO bought at $74,326 after a historic rare 8-day green candle streak with RSI at its highest level in two months right before price crash to $71,600 and further dip to $69,600 rest of week. Take heart, stackers. It happens even to the best of us! 😅

Strategy has acquired 1,031 BTC for ~$76.6 million at ~$74,326 per bitcoin. As of 3/22/2026, we hodl 762,099 $BTC acquired for ~$57.69 billion at ~$75,694 per bitcoin. $MSTR $STRC strategy.com/press/strategy…

Calling the BTC red candle today after a remarkable rare run of 8 straight green candles ending yesterday. That only happened once in 2025 (Apr), once in 2024 (Feb) and once in 2023 (Jan). Seems the $STRC / $MSTR perpetual BTC bid is the X factor in this bitcoin bear market! 🤠

@chamath If AI compresses terminal value and makes every moat temporary, capital will rotate to assets with no disruption risk. Bitcoin is Digital Capital - scarce, neutral, and impervious to AI disruption. $BTC should be the primary beneficiary of this shift.

#BITCOIN'S MRV-Z SCORE JUST DROPPED BELOW 1 FOR THE 6th TIME IN ITS 17 YEAR HISTORY EACH TIME IT'S GONE UP AT LEAST 700% YOU'VE BEEN WARNED 🚀🚀

The BIGGEST mining difficulty reversal in Bitcoin history just happened. Let that sink in. This isn't a small adjustment. This isn't normal. This is a historic capitulation signal. When miners surrender weak hands leave the network forever. Hash rate drops. Difficulty adjusts down. And what's left? Only the strongest miners on the planet. Every single time mining difficulty reversed this hard BTC bottomed shortly after. Every. Single. Time. Miners don't quit at the top. They quit at the bottom. And the biggest reversal EVER means we just saw the biggest miner capitulation EVER. The network is purging weakness in real time. What comes after the purge? The most explosive accumulation phase of the entire cycle. Miners are the smartest money in this space. When they capitulate this hard smart investors don't panic. They load up. The biggest difficulty reversal in history just rang the loudest bottom bell Bitcoin has ever produced.

This is the biggest story in finance. Yet few are aware what's happening.

I'm struggling to wrap my head around #STRC's potential. I know it's huge. I know it's going to continue to get bigger. I know that for every STRC share sold, Strategy sells 3 shares of MSTR. I know that as their balance sheet increases, their ability to raise credit increases. I know that as their credit rating increases, they'll get access to larger volumes of capital who will want to buy STRC & MSTR. I know this is an infinite flywheel. I know it's working. I know there are TRILLIONS of dollars in the fixed income market. I know that STRC is going to capture multiple %'s of that market. I know that for every $1 TRILLION of capital added to the Bitcoin network, it's market cap increases by $4T. I know that Bitcoins price is going to go up. I know that it's going to go up significantly. I know that as Bitcoin's price goes up, #MSTR's share price goes up more. I know this is an infinite flywheel. I know this is Bitcoin singularity. But the sheer SCALE of how much capital is going to be syphoned into the Bitcoin network over the next decade and beyond from these products is something my mind is struggling to really comprehend. It's absolutely insane.

Today, the SDNY prosecutors filed a letter to Judge Failla requesting a retrial date. They want to go again in October. The prosecutors want to retry me on 2 counts the jury couldn't unanimously decide on. A jury of 12 Americans heard 4 weeks of evidence and deadlocked: no verdict on money laundering, and no verdict on sanctions violations. The government's response? Try again to make writing code a crime. @realDonaldTrump declared the "War on Crypto is over." 🇺🇸 AG @DAGToddBlanche's memo: DOJ "is not a digital assets regulator" and won't target mixers for end-user acts. @USTreasury lifted Tornado Cash sanctions entirely. ✅ Also Treasury, March 2026: "Lawful users of digital assets may leverage mixers to enable financial privacy." — official report to Congress under the GENIUS Act. But the SDNY prosecutors — same country, same DOJ — just filed to retry me anyway. 🤔 ⠀ The 2 counts = up to 40 years in federal prison. ⛓️ For writing open-source code. For a protocol I don't control. For transactions I never touched. A jury already couldn't agree this was criminal. But the SDNY prosecutors want to keep trying with the hope of getting a different answer. ⠀ I have a daughter. I have a life in Seattle. I will never stop fighting for freedom. ❤️ But I need to be honest with you: Four weeks of trial. A hung jury. Now they want to do it all over again in October. I have basically exhausted my legal defense funds. And I'm staring down another full federal trial. 😔 Every dollar raised goes directly to keeping this fight alive — attorneys, experts, the full defense apparatus it takes to stand up to the SDNY prosecutors. This isn't abstract. If I can't fund a defense, they win by default. If you care about financial privacy, if you write code and believe that code is speech — this is the moment. 💻🔐 👇

Wall Street Still Does Not Understand What Is Setting Bitcoin’s Price Bitcoin’s price is not being set by “everyone.” It is being set at the margin. That is what the market still misses. New supply is only about 450 BTC/day about 3,150 BTC/week. Last week: US spot ETFs took in $568M ≈ 8,200 BTC at today’s price Strategy bought: 17,994 BTC Combined demand: ≈ 26,200 BTC New weekly supply: ≈ 3,150 BTC That is more than 8x new supply. This is the real story. Bitcoin does not need everyone. It only needs enough large buyers to absorb the float faster than miners create new coins. That is how price moves in a scarce asset.

20 million bitcoin have officially been mined! It took 17 years to get here. The last million will take 114 years.

JUST IN: 🇦🇪 Gold is being sold at a discount in Dubai as war makes it almost impossible to get out of the country 👉Buy Bitcoin, take it anywhere.

AI agents overwhelmingly prefer using bitcoin over altcoins and stablecoins. BTC is the objective best digital money for the digital era.

For the record. Jamie Dimon says he wants a “level playing field” for stablecoins. What he really wants is to make sure nobody can offer you a better deal on your own money than tradtional banks can. The president is right to call the banks out on this. We’ve seen this before. In the 1970s, money market funds started paying real yields while banks were locked under deposit caps. Banks cried “unfair” and “unsafe,” lobbied furiously, and lost. Policymakers chose competition over protection; savers got paid, and banks had to adapt instead of suffocating the threat. Today’s script is the same, just with better technology. Stablecoin issuers now operate under licensing, 1:1 high‑quality reserves, liquidity and risk rules, audits and strict AML standards. This is not the Wild West. Yet Dimon still talks as if they exist with “no reserves, no compliance, no oversight.” He’s not describing reality; he’s describing a story that justifies shutting down a rival funding system. The Clarity Act is the real battlefield. On paper, it’s about integrating crypto into U.S. market structure. In practice, the big banks are fighting to ensure that anything that looks like a deposit with yield must either become a bank product or be regulated into irrelevance. “Level playing field” in their vocabulary means: everyone wears the bank straitjacket, or no one plays. Why? Because yield‑bearing stablecoins blow up the quiet cartel behind record profits. Banks live on deposits that pay close to nothing even when risk‑free rates are high. They earn a clean spread and interest on balances parked at the Fed, while passing little of it through. Savers get crumbs; banks get the margin; inertia does the rest. A credible, regulated stablecoin that passes through money‑market yields detonates that racket: with a few clicks, your cash can leave the cartel. The president’s critique goes straight at this arrangement: Americans should “earn more money on their money,” and banks should not be allowed to undermine laws designed to make that possible or to stall a market‑structure bill so the whole “powerful Crypto Agenda” decamps overseas. He’s not attacking banking; he’s attacking a model that treats low‑yield deposits as an entitlement and regulation as a weapon. Crypto‑native firms, for all their flaws, behave like they live in a real market: they build new instruments, disclose, and pay up to attract capital. The banks build talking points and hire lobbyists. Stablecoins don’t just threaten their funding; they threaten their chokehold on payment rails and transaction data. Call this debate what it is: not a fight over “safety,” but a fight over whether a protected deposit cartel gets veto power over technologies that finally let savers earn something closer to the risk‑free rate. In the 1970s, policymakers chose competition. In the 1970s, banks were forced to stop hiding behind regulation and compete. If Jamie Dimon wants a level playing field, he should stop complaining and start doing the same.

Strike just released a Bitcoin line of credit. Think HELOC… but backed by Bitcoin. Most Bitcoin loans force you to pay it off by a set date. This is different. It’s rolling. Take money out. Pay it back. Use it when you need it. And I’m very interested.

BITCOIN JUST MADE HISTORY. But it's not something we all wanted. Bitcoin weekly RSI has just reached its lowest level in history. - Lower than tariffs Crash - Lower than the FTX crash - Lower than the Covid Crash - Lower than the 2018 bottom - Lower than the Mt. Gox hack This means, in the history of Bitcoin, it has never been this oversold.

Bitcoin Fear & Greed index extends record-long daily streak at single-digit EXTREME FEAR, now at 7 days (Feb 18-24). Anyone dare be greedy? 😎