billbarX

When Nobel Prize, Fields Medal and Presidential Medal of Freedom for Satoshi?

#Bitcoin
#Freedom

Trading in $CRCL halted already. Woah. Limit up circuit breaker.

Exciting day for @circle and the crypto space!

At NYSE…. Congratulations @jerallaire and @circle team!!

I've seen over a dozen posts with different versions of the global liquidity M2 vs Bitcoin price chart - I've attached several here. Credit @RaoulGMI and his colleague @BittelJulien for discovering the trend.

Most of these charts predict a dip over the coming days to around 100k and then a move to new ath of 130k in August/September. There are many reasons to believe this outcome. The coming dip could just be sideways movement for a few days or a capitulation move down to 95k. Or this could all be horseshit. Whatever.

Most importantly it’s clear that global liquidity needs to rise significantly in the coming months. Bitcoin remains the mother of all liquidity (re: debasement) sponges.

As the price of Bitcoin rises those gains will most likely spill over into other L1 platforms and then ultimately speculative alts. The proverbial alt season.

Watch your leverage, touch grass and please please be civil.

🙏🙏

Went on @APompliano’s podcast to talk about where we are with Bitcoin adoption, Bitcoin lending and the broader macro cycle.

Enjoy!

https://youtu.be/VuYgRbE92YI?si=W95FceCZyugeZJ-k

Unfortunately Jack Mallers had it wrong in his Bitcoin main stage presentation today. @AbraGlobal has (by far) the lowest borrow rate in the Bitcoin lending world.

Current Abra Private borrow rates are sub 6%, yes loans are open term and yes the LTV can be up to 75%. Collateral is NOT rehypothecated.

As a registered investment advisor (RIA) you can see Abra's complete disclosure package (and form ADV for RIAs) on the SEC web site.

I'm a big fan of @jackmallers and Strike but when it comes to Bitcoin, truth in lending is warranted.

Check out Abra Private now on

Bitcoin and crypto together now represent a $3.3T asset class. This asset class represents:

The future of hard money
The future of banking and investing
The future of transaction processing
The future platform of the agentic Internet
The future of art and collectibles
The future of gaming

What else would I rather be working on? Nothing.🤯

The Coinbase data breach and subsequent data theft is a wake-up call that we immediately need a wholesale rethink of the BSA and Patriot acts. KYC is a dumb, immoral and unethical idea forced on all of us and needs to stop.

@davidsacks47 and @SecScottBessent should petition Trump to push Congress on this issue. The harm being caused to Americans and businesses is likely in the $$ hundreds of billions.

In parallel, the @EFF (imo) should immediately petition the Supreme Court to find the BSA and Patriot acts unconstitutional. Both clearly represent infringements on privacy, free speech, and due process. With the latter two representing significant case law opportunities. The United States functioned just fine for decades without either and it will function just fine again without them.

The Coinbase data breach and subsequent data theft is a wake-up call that we immediately need a wholesale rethink of the BSA and Patriot acts. KYC is a dumb, immoral and unethical idea forced on all of us and needs to stop.

@davidsacks47 and @SecScottBessent should petition Trump to push Congress on this issue. The harm being caused to Americans and businesses is likely in the $$ hundreds of billions.

The @EFF (imo) should immediately petition the Supreme Court to find the BSA and Patriot acts unconstitutional. Both clearly represent infringements on privacy, free speech, and due process. With the latter two representing significant case law opportunities. The United States functioned just fine for decades without either and it will function just fine again without them.

Alright, I’ve spent a few hours diving into this Bitcoin OP_RETURN debate, and it’s not just noise, it’s a big deal. This is about what Bitcoin should be: a financial network or a platform for basically anything.

The history… About a decade ago (2014), Bitcoin added OP_RETURN, a script code, as a way to embed up to 80 bytes of data (such as NFT-like Ordinals) in transactions. These outputs don’t bloat the UTXO set, Bitcoin’s ledger of spendable coins, because they’re unspendable and prunable. But they do take up block space, which can crowd out financial transactions if the data gets too big. Fact, not opinion.

Now, in 2025, a proposal (pull request #32359) by developer Peter Todd wants to scrap the 80-byte limit and allow multiple OP_RETURN outputs. Supporters say this would reduce UTXO bloat (since workarounds like Taproot are potentially worse) and support projects like sidechains. Critics, like Luke Dashjr and Samson Mow, call this “spam data” and worry it’ll bloat the blockchain, raise fees, and turn Bitcoin into something akin to “Ethereum 3.0.” They argue Bitcoin should stick to financial transactions, not NFTs or random data. To this end, Luke’s Ocean Mining pool filters some transactions.

My take? This needs a cooling-off period. The tech and economic implications (fees, node costs, decentralization) are complex, and rushing this risks splitting the community. Let’s debate thoroughly and let Bitcoin’s consensus process: developers, miners, nodes, users sort it out. No cop-out; it’s just how Bitcoin should work imo.

In the meantime, miners already pick and choose transactions (some filter, some don’t). That’s competition enough while we figure this out. Bitcoin’s strength is its community hashing out tough calls like this.

cc @Excellion @PrestonPysh @LukeDashjr @saylor @udiWertheimer @APompliano

(I’m sure the “community” will happily correct my mistakes. lol)

SUI and SOL are in 8 day basing/consolidation patterns. Super bullish

BTC, ETH and RNDR have broken out of similar patterns.

If you think we're not going much higher you're not paying attention.

NFA/DYODR.