Bitcoin Roundup

Twenty One Capital Goes Live on the NYSE – Now What?

The concept of bitcoin treasury companies, more aptly called leveraged bitcoin equities, is bitcoin + leverage = amplified bitcoin performance. Amplified is the operative term here. It is not only increased upside, but also increased downside. I remain skeptical of the long-term value of the equity of these businesses outperforming bitcoin, but in the short and medium term perhaps they can deliver higher returns. For the overwhelming majority of people, my recommendation is to stay away. Bitcoin in cold storage has delivered unbeatable returns over any long-term time period since its inception. Don’t get greedy. That said, this Company has serious heavyweight backing, both from the traditional finance world and within the bitcoin space. Jack Mallers is a winner and I believe he understands the global macro economy better than most. He is a long time bitcoiners and builder in the space. He is working towards hyperbitcoinization. I hope to see him succeed.

The Fed is the most divided it’s been in more than six years

The Fed cut rates 25 basis points on Wednesday, which was expected, then not expected, then uncertain, then for sure expected by prediction markets over the past few weeks. The broader financial markets swing constantly as sentiment and expectation of Fed behavior shifts. Which, if you think about it, is insane. The value of assets all over the world swing wildly based on the ~potential~ comments of one man in the US and his power over the price of money, which is what interest rates truly are. If that doesn’t sound very “free market capitalism” to you, you’re right. Bitcoin may well be the only truly free market the post-1971 dollar world has ever seen. Beyond the headline, it is interesting to see the level of dissent among Fed members rising. One member wanted a larger cut, while others wanted no cut this meeting. The Fed chair is slated to be replaced by someone new, and presumably more in line with Trump’s wishes (cut rates) next Summer.

Meet Bill and Keonne: Real People, Real Lives

This one is not an article, but a call to action. If you believe in freedom of speech, please consider signing the petition to pardon Bill and Keonne, innocent developers jailed for building privacy tools. Bill and Keonne aren't faceless "crypto criminals". They're passionate software engineers with families, hobbies, and a deep commitment to digital privacy rights. Their tools help bitcoin users ensure that they do not expose their full balance to anyone they may send bitcoin to. Imagine if buying a burrito bowl involved exposing your full bank account balance to the cashier. Imagine sending developers who write open source code to jail for helping solve this problem.