I truly worry that theres not enough time left for most to grasp that when the next violent run-up for BTC happens it will be so generationally scarring that anyone who missed the boat will turn against it forever Stack your options now before it’s too late! Printer is coming.

Thoughts on Bitcoin and where to from here: After an initial pump which lasted from the day Trump won the election to mid-Dec, we have we have been ranging, with 98.5k being the key volume cluster. As at writing, Bitcoin is below this level, and 2 months of chop has weighed on CT. Here are some fundamental arguments why I think Bitcoin is forming a solid base before an explosive move higher. Today, 3.125 Bitcoin is produced every 10 mins, 13,500 Bitcoin per month or USD $1.35 billion per month assuming 100k BTC. - YTD ETFs have bought ~4 months of supply. - YTD Corporates like MSTR and others have bought ~2.5 months of supply. 2 weeks ago, I was concerned that the billions in ETF inflows would turn into outflows as the market digests the no immediate SBR catalyst combined with tariffs. On the contrary, we saw net inflows. The importance of this cannot be understated. ETF buyers are longer term. Once the flows are in a Schwab or Fidelity account its typically sticky and rebalanced far less frequently then your typical Bybit ape. Saylor basted through 2+ yards and there are an increasing number of corporates increasing activity. .@Metaplanet_JP went from few millions to raising $700 million to acquire Bitcoin. ETFs and corporate treasuries buying is Bitcoin locked up for a longer timeframe than CT is used to. Who did they buy it from? HFs and BTC holders from previous cycles. Anecdotally, I had at least 5 friends call me that they would sell Bitcoin at 100k. 2 of the 5 got greedy on the explosive move higher to 108k and decided to HODL, but got shaken out in the dump back to 92k and sold in this region. Conclusively, I think we’ve had a good period of distribution from tourists to longer term holders. Taking past periods as guidance, 6 months of chop followed by an explosive move higher has been the norm for Bitcoin (see chart 1). Some of the explosive move higher in the past were +87%, +169%, +64%. So, are we doomed to chop around for a few more months? I don’t think so. Because. Trump. People have forgotten but this has happened in the first 3 weeks Trump has taken office: 1/ SAB 121 gone 2/ EO on forming crypto committee with .@davidsachs indicating a favourable market structure policy coming in ~6 months 3/ EO on potential stockpile — larges of which is BTC 4/ US Sovereign Wealth Fund - I 100% think Bitcoin finds a place in this 5/ Talks of SBR in ~15+ states 6/ Other countries actively talking about Bitcoin (Czech) 7/ In-kind ETF applications and redemption 8/ Dozens of new ETFs filed 9/ SEC crypto enforcement fired To be frank, the first catalyst, repeal of SAB 121 is already significant enough to support the market in the medium term - banks will soon accept your Bitcoin to collateralise your house loan increasing the number of hodlers. I won’t be surprised if we see a flush to 92k or high 80s again (watch the bet from .@qthomp and .@intangiblecoins) - and this would be a fantastic buy. But when you look at the r:r at the current price, if your EOY target is a conservative ~130k (33% higher) and you buy here and we dip to 89k (~6% lower) it is a good region to start accumulating.

@qthomp i’ll take that bet if BTCUSD prints a trade $89,999 or lower during the month of Feb (eastern time) on coinbase, i buy us both a steak dinner if it doesn’t, you buy us both a steak dinner in either case @BeimnetAbebe pays for the wine deal?

TRUMP SAYS MAYBE WE HAVE LESS DEBT THAN WE THOUGHT, QUESTIONS WHETHER THERE IS FRAUD RELATED TO US TREASURIES

PAYMENTS ON-CHAIN It’s going to happen. @elonmusk focused on the Treasury payments system immediately. We’re going to see public spending on-chain. Turns out the ultimate use-case for crypto wasn’t banking the unbanked or memecoins. It is using decentralized ledgers to fix the biggest, most bloated balance sheet in history.