@ Felipe

## 🧠Quote(s) of the week: You conflate maximalism with close-mindedness because you believe money is a 'collective hallucination' instead of an emergent solution to a coordination problem. Anilsaidso 'DOGE finding waste and fraud?  Don’t miss the forest for the trees: Any money system that does not fix a unit of currency to a unit of energy is functionally fraudulent, because if a currency is not tied to energy, then creating fiat currency functionally means creating energy by govt fiat, which is a violation of physics, which is fraud. Once you are in a system that pretends it can create energy by printing currency, it is just a question of “How much fraud occurs until the system collapses?” You will know the end of that system is near when debt gets high, rates rise, & yet the price of energy-linked neutral assets like gold & BTC rise with rates (instead of falling), as free markets scramble out of printed currency & debt into actual energy linked assets, which is happening - rates up, & yet see gold and BTC.)' - Luke Gromen ## 🧡Bitcoin news🧡 On the 4th of February: ➡️El Salvador bought another 11 Bitcoin worth over $1.1 million for their strategic Bitcoin reserve. ➡️'Someone just moved 50 Bitcoin worth $5 MILLION that they mined 15 years ago They HODL'ed from $0.10 to $100k. Legend.' - Pete Rizzo ➡️Bitcoin funding rates turn negative — a very rare signal historically followed by massive price surges. Buckle up. ➡️Coinbase urges US to remove barriers for banks to provide Bitcoin and crypto services - BBG ➡️'Forbes recently covered how Bitcoin mining is fast-tracking millions of Ethiopians out of energy poverty. 100% renewable + economically benefitting the country No other technology has been able to do this. Ever.' Daniel Batten / [Forbes](https://www.forbes.com/sites/digital-assets/2024/12/31/africa-produces-3-of-global-bitcoin-mining-hashrate-via-renewables/) ➡️President Trump's Crypto Czar David Sacks had a press conference on this day. Here are some notes: • “will be heavy on Bitcoin and timelines.” • “Discussion of Sovereign Wealth Fund.” • “Timelines laid out as to proposed legislation (Lummis) and BSR.” • “Yes, I expect there to be ‘America First’ rhetoric with SWF and crypto.” • “reiterating, no $XRP” Ergo a lot of word salad and not something juuuggggge was happening. ➡️President Bukele Offers To Jail Roger Ver in El Salvador. Bukele: "El Salvador prisons have big cell blocks. It's the perfect place for him" If you don’t get the joke, Study Bitcoin's history in detail. I will give you a hint. Book: The Blocksize War! ➡️'Semler Scientific acquired 871 Bitcoins for $88.5 million and has generated a BTC Yield of 152% since July 1, 2024.  Now holding 3,192 bitcoin.  Just getting started.' - Eric Semler On the 5th of February: ➡️Bitcoin on track to hit $1.5m by 2030 - Ark Invest [](https://i.ibb.co/dw6YgXMY/Gj-B6wl-SWs-AAAWti.jpg) On the 6th of February: ➡️Czech President signed a law removing the capital gains tax on #Bitcoin after 3+ years of holding. Sovereign game theory intensifies. Tick tock, next block! Meanwhile the ECB. 'The ECB just published an interview with Reuters where they contemplate a risk assessment of current FX swap lines if another central bank held Bitcoin reserves. They are literally trying to hinder the Czech National Bank from buying Bitcoin. Bitcoin is winning.' - Andre Dragosch ➡️Former PayPal President: Sell Gold Reserves to Buy Bitcoin "We're the number 1 holder of gold. If you think of Bitcoin as a better version of gold, why not rebalance a portion of that reserve to Bitcoin? There's a lot more growth in Bitcoin in the coming decades." ➡️Whales are buying Bitcoin like never seen before. Billionaires are stacking Bitcoin, front-running governments, pubco’s, and plebs. ➡️IOWA BITCOIN RESERVE BILL HF 246 would allow investment of 5% of public monies in digital assets of $750b+ market cap (i.e. Bitcoin) ➡️Eric Balchunas: Trump to launch "Bitcoin Plus" ETF. ➡️'The power is so cheap in the north of Norway now that the hydropower plants are considering dumping their water in the sea. We need more Bitcoin mining.' -Jaran Mellerud Great explanation on the topic: https://x.com/GoldIRAChannel/status/1887718777338667369 ➡️Great report by Breeze. https://breez.technology/report/ 'Bitcoin isn't "just" digital gold, it's an everyday currency. 650M+people reached on Lightning Businesses real-world impact Growing ecosystem driving adoption New use cases unlocked.' - Breeze Breeze is one of, if not, my favorite self-custodial Lightning Bitcoin payments app. On the 7th of February: ➡️Utah pulls ahead in the race to create a Strategic Bitcoin Reserve. Utah’s HB230 just became the first state Bitcoin reserve bill to clear a chamber vote, passing the House and heading to the Senate. ➡️ If any public companies are wondering whether Bitcoin is the solution… here’s your answer: Metaplanet’s market cap has been 100X’d (3.50 0%)since adopting Bitcoin as a treasury asset less than one year ago. ➡️Maryland State Delegate Caylin Young introduces the "Strategic Bitcoin Reserve Act of Maryland". ➡️MISSOURI FILES 2ND Bitcoin reserve bill that includes: - 5 YR HODL requirement - State must accept BTC payments - No cap on how much the state can buy 1st bill SB614 is currently in the Senate! ➡️Rep. TJ Roberts introduces a bill to invest up to 10% of state funds in Bitcoin for Kentucky. ➡️BlackRock boosts its stake in MicroStrategy to 5%, now holding 11.2M shares, up from 4.09% in September. Next to that, BlackRock holds $140m in IBIT - their Bitcoin ETF. Per their 13F SEC filing today. Up from $92m in November 2024. [](https://i.ibb.co/mrVWGPsK/Gj-RR49y-Wo-AAPlx-C.jpg) ➡️ Tornado Cash founder Alexey Pertsev has been released from prison. Pertsev was found guilty of money laundering in 2024. He is currently preparing an appeal. https://decrypt.co/304723/tornado-cash-developer-alexey-perstev-leaving-prison On the 8th of February: ➡️Florida is the latest state to introduce a Strategic Bitcoin Reserve. Republican Senator Joe Gruters has introduced a bill proposing the investment of part of the state’s funds in Bitcoin to counter rising inflation. ➡️'FTX will repay 98% of creditors on February 18th. Creditors will receive a total of 119% of their funds lost in US dollar terms on November 11th, 2022. This is the equivalent of only 20% in Bitcoin terms. This is a lesson in self-custody.' -The Bitcoin Therapist Just a quick reminder: 'Over 5 million Bitcoins are gone. Forever. No keys. No recovery. No second chance. - Satoshi’s wallet: 1M BTC, untouched - Mt. Gox hack: 744K BTC, - Lost key & wallets: ~3.7M BTC - James Howells’ hard drive: 8K BTC, buried Do people even grasp Bitcoin’s scarcity?'- Eli Nagar ➡️MONTANA BITCOIN RESERVE BILL MT House Bill 429 would authorize up to $50m invested into 'digital assets over $750b market cap' i.e. Bitcoin, by July 15, 2025. [](https://i.ibb.co/G40gPxNn/Gj-XMa3z-Wo-AANt-TE.jpg) 19 States want Bitcoin in their reserves so far, and 27 states are all pro-Bitcoin and Digital Asset Bills. It's just crazy to me what's happening. A few years ago, I couldn't even imagine it would go this fast. Hello, game theory! ➡️PNC, the 8th largest U.S. bank with $325 billion in AUM, has disclosed $67 million in Bitcoin exposure through its 13F filing with the SEC. On the 9th of February: ➡️Hong Kong officially recognizes Bitcoin as proof of capital for residency applications. ➡️That’s 815,000,000,000,000,000,000 hashes per second securing the world’s largest permissionless monetary network Bitcoin’s hashrate sets a new record high above 810 EH. [](https://i.ibb.co/bg8wCF5K/Gj-UDD4-YWAAAc-NHj.jpg) ➡️University of Austin to buy $5m Bitcoin. "We don’t want to be left behind," says CIO of the university fund. On the 10th of February: ➡️'Priced in Bitcoin the S&P 500 looks like a meme coin rug pull.' -CarlBMenger [](https://i.ibb.co/NdkmWwQ0/Gja5r-WLa-UAAh-XMC.jpg) ➡️Valid point by Bit Harington: 'It takes years for Bitcoin to finally leave a new 10X price zone and start looking for the next 10X. $1K lasted ~3.5 years. $10K also 3 years. It seems logical to assume that the $100K price zone will also last several years; One of the reasons I don't believe in $1M this cycle.' ➡️Another solo miner has mined an entire Bitcoin block worth $ 300,000. Just sensational. ➡️Michael Saylor's STRATEGY just bought another 7,633 Bitcoin worth $742 million. 'Strategy has added 7,633 Bitcoin to its holdings for ~$742.4 million at an average price of $97,255 per Bitcoin, bringing its total Bitcoin stack to 478,740 BTC. Acquired for ~$31.1 billion at an average of $65,033 per Bitcoin, the company's Bitcoin yield stands at a 4.1% YTD in 2025.' - Saylor ➡️Japan to scrap ban on Bitcoin ETFs and cut taxes on crypto-assets from 55% down to 20%. ## 💸Traditional Finance / Macro: On the 3rd of February: 👉🏽'Nvidia stock, falls over -5% at the open as markets react to the beginning of the trade war. The stock is currently down -26% from its all-time high.' - TKL 👉🏽Microsoft shares closed down 6.2% on the worst day since 2022. If only they had listened to Saylor's 3-minute Bitcoin pitch. On the 4th of February: 👉🏽Alphabet stock, falls over -7% after reporting Q4 2024 earnings. ## 🏦Banks:  👉🏽Global central banks now hold more Gold than at any point in the past 45 years. Something is brewing. (see for more info in the segment below - on the 9th of February) ## 🌎Macro/Geopolitics: Recently I found something interesting. 'Another fantastic open-source dataset is the Global Datahub at Georgetown University. It covers a wide range of topics including: Geopolitics: Data on military spending, UN voting patterns, indicators of freedom and democracy, trade restrictions, social unrest, property rights, and demographic trends. Trade and Production: Information on trade, energy balances, GDP per capita, and trade patterns. External Accounts: Current account balances, foreign investment flows, real exchange rates, international reserves, and remittances. Public Finance: Public sector deficits, composition of public debt, country risk, and trends in public spending. Monetary and Financial: Inflation rates, monetary policy interest rates, exchange rate regimes, availability of credit, corporate bond rates, and amortizations of public and corporate debt. Other Topics: Data on digital infrastructure, environmental sustainability, and progress toward achieving the United Nations' Sustainable Development Goals (SDGs).' https://globallacdatahub.com/index.html And none of this wonder data is disaggregated! On the 4th of February: 👉🏽Germany has become kind of a tutorial in self-immolation. Really! Germany has cut its offshore wind generation capacity target from 50 gigawatts by 2035 to 40 gigawatts by 2034 due to crowded seas causing a "wake effect" that reduces output. The reduced capacity and delays in grid connections may hinder Germany's offshore wind ambitions, including its 2045 goal of 70 gigawatts. Stupidity has no limits. Really… self-inflicted harm…the idiocy of closing nuclear plants. 👉🏽'Local authorities in the UK have spent £141 million of taxpayer money on services for migrants such as PlayStations, yoga and circus skills classes, driving and DJ lessons' — Telegraph Money well spent! And then people wonder why all these people are coming to the West. On the 5th of February 👉🏽 The Federal Reserve's Reverse Repo Facility hit its lowest inventory in 1,385 days, today. Ergo: The US is borrowing so much debt to fund deficit spending that the RRP has been DEPLETED to a 1,385-day low. Do you know what's coming? QE & money printing will start aggressively when this drains to 0. They may have 10 different names for it but it’s coming. [](https://i.ibb.co/6jC5Tqx/Gj-ALu-Qybo-AALV-T.jpg) On the 6th of February: 👉🏽 Secretary of State Marco Rubio just deemed that only 294 USAID staffers are necessary out of 14,000. The entire agency will be imminently reduced from 14,000 to 294 employees. This has to be the biggest mass firing yet. On the 7th of February: 👉🏽Indian Rupee falling off the cliff as it plunges to its weakest level against the U.S. Dollar in HISTORY! 👉🏽'30 years ago each major US corporation used to have an equivalent in Germany or France, today their competitors are in Asia and Europe is on a happy path into irrelevance. Overregulation, lack of Innovation, and left redistribution mindset have their price. Will it ever change?' -Michael A. Arouet [](https://i.ibb.co/rR5Kznp3/Gj-K0-Xb4-WIAATg-Uw.jpg) A shame how Europe, once the epicenter of the Industrial Revolution has self-sabotaged into near irrelevancy. Just to give you one comparison, the total valuation of all European companies combined is already smaller than the 2 biggest US companies. Yikes! 👉🏽United Kingdom's leftist government orders Apple to create a back door allowing access to encrypted data stored by Apple users worldwide in its cloud — WaPo 👉🏽The US consumers expect 4.3% inflation during the next 12 months, UP a massive 1.0 percentage point from January. The 4.3% is the highest since November 2023. 4.3%, the highest since November 2023. This marks a 1.7 percentage point jump over the last 3 months, the largest surge since February 2020. Moreover, 5-10-year inflation expectations rose to 3.3%, the highest since June 2008, and the estimates were above 3.2%. Meanwhile, consumer sentiment fell to 67.8 points in February, the lowest in 3 months. Inflation is still a major issue. How will Trump and Bessent deal with that side of the trade tariffs? Meanwhile, one year from now Democrats expect hyperinflation, and Republicans expect deflation. [](https://i.ibb.co/ds3fWh87/Gj-Ma-Zr-PW8-AAE9qq.jpg) This chart is hilarious because it just tells you: “If your brain uses politics it's not rational!” 👉🏽There it is: 600K lower across all of 2024, and even more downward revisions coming next February' - ZeroHedge https://www.zerohedge.com/economics/tomorrows-jobs-report-will-finally-capture-surge-illegal-aliens-lead-another-negative Oh by the way, in just January, 1 MILLION immigrants (legal and illegal) gained a job. Meanwhile, native-born Americans gained just 8,000. All net jobs gains post-Covid are immigrants. This is why they opened the border. To make it even more funnier. The December jobs report has been revised HIGHER, showing 307,000 jobs added for the month, up from 256,000. That's the strongest job number since March 2024. Let's wait a couple of months if this still holds. I kinda don't believe job reports anymore, especially after the last 4 years and revisions. 👉🏽Sam Callahan: 'On Wednesday, the Government Accountability Office published its annual report to Congress on the nation's fiscal health and it didn't sugarcoat things.' full report: https://www.gao.gov/assets/gao-25-107714.pdf 👉🏽Argentina will have an inflation of 23.2% in 2025, according to the REM published by the BCRA For January they expect month over month of of 2.3%, and they predict that in April monthly inflation will break through the 2% barrier. In 2027 Argentina should have single-digit annual inflation again, something that has not happened since 2006. Progress under Milei, but let's see if he can manage it. There's still room for improvement. 👉🏽'The UK Labour Government has ordered Apple to create a backdoor in iCloud allowing security services to access your private information. Keir Starmer wants to see your messages. Scary times we live in.' - Basil the Great What is the point of GDPR again? 👉🏽'MASSIVE OPEN AI DATA BREACH? 20 MILLION ACCOUNTS ALLEGEDLY HACKED! A hacker claims to have stolen login details—including emails and passwords—for 20 million OpenAI accounts and is selling them on the dark web. OpenAI says it’s investigating but insists there’s no evidence of a system breach—yet. Cybersecurity experts warn this could lead to identity theft, phishing scams, and even AI-powered cyberattacks.' - Mario Nawfal Although this breach is yet to be verified by OpenAI, anyone using the tool should update their passwords and credentials, as a precaution. If you haven’t already, switch on multi-factor authentication within OpenAI’s settings, as this should give you another layer of protection even if your password has been compromised. On the 8th of February: 👉🏽USAID: 'USAID has pushed nearly half a billion dollars ($472.6m) through a secretive US government-financed NGO, "Internews Network" (IN), which has “worked with” 4,291 media outlets, producing in one year 4,799 hours of broadcasts reaching up to 778 million people and "training” over 9000 journalists (2023 figures). IN has also supported social media censorship initiatives.' -WikiLeaks Source: https://x.com/wikileaks/status/1888072129327083979 'USAID sent $40M to a coronavirus scientist at the Wuhan Institute of Virology who became patient zero of COVID-19.' - Financelot 'Bill Gates’ vaccine organization ‘GAVI’ was awarded $4,880,000,000.00 from USAID. Nearly $5 BILLION in taxpayer money to a single organization Two grants are still active; the 4B dollar grant ends Aug 2030. No wonder Gates is speaking out against DOGE dismantling USAID.' - Lindsay Penney 👉🏽Great breakdown of the US deficit by 'Infra': We are currently running a ~$2.1 trillion deficit. To balance the budget would require cutting about $2T in spending It won’t be possible without significant legislation and the resulting contraction in GDP would be worse than the GFC Here’s the math: -Current GDP is $29T, 3Q24 growth at 2.8% -GDP grew by $1.5T from 1Q23->1Q24 -Current government spending as a % of GDP is 36% -Current government spending is ~$7.5T (on budget) -Current tax receipts are 20% of GDP (~$5.5T) -Current deficit is ~$2T' [](https://i.ibb.co/VpHn3w5p/Gj-Wepv-UXc-AATa-AW.png) Great write-up, full thread: https://x.com/infraa_/status/1888021955686842760 Govt wastes 100% of our tax dollars on bankrupt entitlement programs, forever wars, corporate & social welfare, and other bullshit. Just look at the USAID bit. Nothing stops this train folks. Nothing! Got Bitcoin? On the 9th of February: 👉🏽It’s estimated that the federal government loses $233 Billion to $521 Billion annually to fraud. Although I don't think fraud is the right word, laundering and corruption fit better. Half $1 trillion for 40 years equals 20 trillion. So instead of having a $36 trillion deficit, we would have a $16 trillion deficit if our government didn’t steal our money. Again this is not something I made up or found on a sketchy website, here you have the source: https://www.gao.gov/products/gao-24-105833 The U.S. Government Accountability Office. Just to give you another example of how fucked up the government operates. This statement is from a 2018 report: The Pentagon spent $1 billion to audit its 2018 financials, and it failed the audit! $1 BILLION!! Ever heard of anyone spending 1 billion just to audit their financials? The audacity. 👉🏽Gold just hit $2900 for the first time in history. Gold's new all-time high above $2900 as a global physical shortage is about to surpass Covid levels. 'London's Gold Shortage: A Symptom Of Global Economic Anxiety' -ZeroHedge Source: https://www.zerohedge.com/precious-metals/londons-gold-shortage-symptom-global-economic-anxiety The above statement perfectly matches the collapse in the FEDs Overnight Repo facility chart. No One Trusts each other's Collateral globally. When the collateral calls come (and they ARE coming) paper coupons ain't gonna cut it. The big institutions know something we don’t. March 2020 pattern. ## 🎁If you have made it this far I would like to give you a little gift: Preston Pysh and Luke Gromen discuss Bitcoin’s Lightning Network, Tether’s USDT integration, and the impact on global payments and traditional banking infrastructure. https://www.youtube.com/watch?v=w8JXdYmllZ4 Credit: I have used multiple sources! My savings account: Bitcoin The tool I recommend for setting up a Bitcoin savings plan: PocketBitcoin especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. Use the code **SE3997** Get your Bitcoin out of exchanges. Save them on a hardware wallet, run your own node...be your own bank. Not your keys, not your coins. It's that simple. ⠀⠀⠀⠀ ⠀ ⠀⠀⠀ Do you think this post is helpful to you? If so, please share it and support my work with a zap. ▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃ ⭐ Many thanks⭐ Felipe - Bitcoin Friday! ▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃