@ Felipe

## 🧠Quote(s) of the week: 'If you have survived China mining ban, FTX, BlockFi, Celsius, Futures ETFs, and massive FUD you are now a confirmed Bitcoin HODL’er. It’s time to sit back and enjoy The Banana Zone' - BTCforFreedom 'You should not sell your bitcoin. Your children should not sell your family’s bitcoin. It is wealth that should last generations. This is grabbing land in the New World in the 1700s, except instead of waiting 350 years for it to mature, you wait 20 years.' - Wealth Theory ## 🧡Bitcoin news🧡 Let me start this week's Weekly Recap with the following message. This is it, ladies & gentlemen. Retail is starting to get excited. People are asking me: 'Should I buy Bitcoin?', 'Am I too late?', 'Will Bitcoin reach the 100K or 200K?' I honestly have no clue, and it depends on the liquidity splashes coming from central banks. But I truly believe much higher than 100K. Don't pinpoint it, as I said, I have no clue. But for the love of god, calm your tits people! This is not the end goal! Now I am in no position to tell you what to do with your corn, but selling now? I don't think so chief! You didn’t sit through 7 months of chop to start thinking about the exit already. You can endure the same amount of time again. How do I feel about Bitcoin in the upcoming years, and decades, well let me explain that with the following picture: [](https://image.nostr.build/71a54d7ec7173f767642ae1ab3a6c315d6eaf719c047b33c19cf308bed312078.jpg) So Trump won, but remember, you will still want to own Bitcoin. 'There is no red. There is no blue. There is the State. And there is you.' - WalkerAmerika On the 5th of November: ➡️Semler Scientific announced yesterday that they increased their Bitcoin holdings to 1,058 BTC. Today, their stock is up 25%. ➡️Bitcoin mining difficulty hits a new ATH, surpassing 100 trillion. ➡️Bitcoin has always gone PARABOLIC after a US election, and Bitcoin has never dipped back lower than the price on election day. ➡️Trump as the US President: - Pardoning Ross Ulbricht on Day One - A Strategic Bitcoin Reserve - Friendly mining policies - Favorable SEC: end of Choke Point 2.0 ➡️Semler Scientific purchases an additional 47 Bitcoin, and now holds 1,058. ➡️Bitcoin miners Marathon Digital and Riot Platforms report their highest production since halving in October. Marathon mined 717 BTC ($48.8M), while Riot mined 505 BTC $34.4M). On the 6th of November: ➡️Bitcoin hits a new all-time high. Bitcoin hit $75,000 for the first time as it became clear Trump won the election. The anti-Bitcoin movement died last night (election day/night). The USA will be the most pro-Bitcoin nation in the world. And it looks like they will have a Bitcoin Strategic Reserve. Senator Lummis has put forward a bill for the U.S. Govt to buy 200,000 Bitcoin per year over 5 years for a total of 1,000,000 $BTC. At today's price that would be worth $76 BILLION. One tiny little thing is why I am skeptical about this bill. During a speech at the Bitcoin conference in Nashville Lummis used her words quite well, let's say strangely: Her word choice here is "assemble" instead of "purchase" or "buy". Most likely MicroStrategy will play a role and they, the US government, already have like 200K Bitcoin. I have a feeling a Strategic Bitcoin Reserve will be built through confiscation and taxation – and Lummis is already hard at work to make it happen. Just a feeling. ➡️You have approximately three months until the U.S. Government puts into law the active accumulation of Bitcoin as a strategic reserve asset. Other sovereigns will be discreetly front-running. The clock has already started. Cheers to everyone who built a Strategic Bitcoin Reserve before the United States of America. ➡️BlackRock’s Bitcoin ETF saw a record volume of $1 billion today in the first 20 minutes. Bitcoin ETFs have seen $3.73 billion in trading volume over the last 24 hours, with BlackRock accounting for over half of it. ➡️$4.5 billion Bitwise CIO says, “We are entering the Golden Age of Crypto.” We will see a “strong bull market for years to come.” ➡️Bitcoin surpasses Meta to become the world’s 9th largest asset by market cap. ➡️'MicroStrategy breaks $50 BILLION market cap and is now worth more than Ford Motor Company. Ford has lost ~60% of its market cap since 2022 and holds $26 BILLION in cash, about 65% of its total market cap! The "melting ice cube" of cash holdings, eroded by inflation year after year. This is what Michael Saylor feared for his company when he decided to buy Bitcoin in 2020. MicroStrategy's market cap has been up ~45x since then. Get some Bitcoin Ford.' - Bitcoin Archive On the 7th of November: ➡️MicroStrategy will spend $10 BILLION buying Bitcoin next year, which is more than the total amount it has spent buying Bitcoin since 2020. [](https://image.nostr.build/8721184944693d1b375af756feb015f528dcd32fdd44adcdf3654be88db550b6.jpg) ➡️Bitcoin is tracking the 2017 and 2021 bull markets perfectly and is ready for lift-off. ➡️Italy is under pressure from lawmakers to drop proposals to raise taxes on Bitcoin. & crypto capital gains. Economic Minister: "I am willing to consider different forms of taxation for people who keep investments in their portfolio." ➡️Chinese TV reporting that “Trump will make the US the world's crypto capital and establish a strategic Bitcoin reserve.” This is now urgent for every nation. ➡️ Bitcoin Treasuries are expanding in the EU. The Blockchain Group has appointed Alexandre Laizet as Deputy CEO, focusing on boosting Bitcoin holdings per share. They’re raising €1 million to acquire 15 Bitcoin, strengthening their BTC strategy. On the 8th of November: ➡️Yesterday's Bitcoin ETF inflows have reached a new high with $1,373.8 million of inflows. Blackrock did $1,119.9 million and Fidelity $190.9 million. Price went from $75k to $76.5k now, sitting back at $75.7k. ➡️Swiss National Bank Chairman says Bitcoin is a "niche phenomenon" not suitable for payments. Meanwhile: The largest Swiss Canton bank now offers Bitcoin to 1.5m customers Bitcoin! ➡️ Bitcoin held by country: [](https://image.nostr.build/85d01363c3af40afe3eedf0ec1375c23c46f4cb38dd015a877d7db2bfe4e30b3.jpg) ➡️ Bitcoin vs. Gold ETF inflows by year. [](https://image.nostr.build/571aebb2ed0ea3838ba9af5ef253dc178f7a2d14760405e810684d855df9d7a5.jpg) Bear in mind that the first year of an ETF is historically the hardest to attract inflows. In 10 months, Blackrock's Bitcoin ETF just surpassed what Blackrock's Gold ETF did in 20 years. ➡️'The former CEO of Sotheby's, Tim Smith. It is his job to know value. He retired and studied Bitcoin and the economy we have just been in. Please I urge you to understand as Bitcoin goes from $76,000 to $1,000,000 and beyond.' - Brian Roemmele Please watch the clip: [here](https://x.com/BrianRoemmele/status/1854604073565405312) The video is perfectly explained by BTConlyScoot: 'This is the perfect type of individual and video to show to your high institutional trust, high IQ friends who are skeptical of Bitcoin... The CEO of Sotheby's tells them; 1. they need to do 100-100 hours (not you telling them - the CEO of Sotheby's) 2. 8-10% increase in money supply = 8-10% increase in S&P index, is correlated and consequentially is no increase in your wealth (... again not you telling them) Because they are high-trust individuals, they need someone with credentials they respect to spell it out. Then they just might study Bitcoin! But you won't get the credit.' ➡️Google searches for Bitcoin are surging as the price hit $76,000 to make a record high this week. In good dutch, 'het klootjesvolk komt eraan!'. ➡️German parliament member Joana Cotar says "If the US buys Bitcoin as a strategic reserve, then I think all the European countries will get FOMO.” German government's decision to sell 50,000 Bitcoin at $54K cost them $1.1 billion in missed profits. Wunderbar! On the 9th of November: ➡️El Salvador is now $100 million in profits on their Bitcoin. ➡️Bitcoin ETFs bought $2.3 BILLION of Bitcoin in the last 3 days. On the 10th of November: ➡️Bitcoin has finally reached its first inflation-adjusted all-time high since 2021. ➡️El Salvador is now $100 million in profits on their Bitcoin. On the 11th of November: ➡️$725 billion Bernstein urges investors to add exposure to Bitcoin “as soon as possible.” “We will keep it simple. Don’t fight this.” ➡️Wicked: 'When Bitcoin first broke out above its all-time high in 2017, it pumped +139% and then had a brutal -40% retracement. If we saw those percentages again for this cycle's first break out, we'd see a pump to $167k followed by a retracement back to $100k.' ➡️BlackRock’s Bitcoin ETF does $1 BILLION trading volume in just 35 minutes. ➡️MicroStrategy acquires an additional 27,200 BTC for $2 billion They now hold 279,420 BTC acquired at $42,692 per Bitcoin. Michael Saylor outlines the path for MicroStrategy to become a TRILLION-DOLLAR company. “I think it's infinitely scalable. I don't have any problem seeing how we could raise $100bn more capital and then $200bn after that." ➡️This is the biggest single-day $ price increase in Bitcoin history! ## 💸Traditional Finance / Macro:  On the 5th of November: 👉🏽'Corruption, the billionaires and market makers always know. Last Week: Ken Griffin sold 79% of Citadel’s Stake in Nvidia.This Week: Nvidia, ask the US Supreme Court to spare them from securities fraud suits.' Meta News 👉🏽[](https://image.nostr.build/76b7ab3d1cb7d459e2334497ce2e9fc944644f6736015e9d07dbc30606819370.jpg) The vast majority of productivity gains and the added value created by human innovation is robbed by governments through inflation. That's why we Bitcoin. On the 9th of November: 👉🏽For the first time in history, the S&P 500 broke above 6,000 last week, up +46% in 13 months. The S&P 500 now has a market cap of $50 TRILLION, adding $15 trillion since October 2023. However, US technology funds have seen a record $5 billion of outflows over the last 4 weeks. On the 10th of November: 👉🏽'Berkshire Hathaway’s, cash position relative to total assets jumped to 28.0% in Q3 2024, the most in at least 34 years. This means that Buffett's cash share has DOUBLED in just a year. The company is piling into cash at a faster pace than in the mid-2000s. Back then, this percentage reached 24.5% in Q2 2005 and remained elevated until 2008. Berkshire Hathaway also decided to HALT stock buybacks for the first time since 2018. Does Warren Buffett believe the market is too expensive?' - TKL ## 🏦Banks:  👉🏽no news ## 🌎Macro/Geopolitics: On the 5th of November: 👉🏽'Output per hours worked ("labor productivity") has increased *much* more in the US than in other advanced economies since the pandemic. Maybe using an economic policy strategy aimed at running the economy hot was not a bad idea after all?' - Phillip Heimberger 👉🏽In 2000, China accounted for 6% of global manufacturing. In 2030, China is projected to account for almost half of all global manufacturing. This kind of shift is unprecedented in the modern world economy. 👉🏽Evidence of plutocratic developments in the US: Billionaires spent nearly $2 billion on the 2024 US presidential election (60% more than during the 2020 election). Almost three-quarters of billionaire campaign spending went to Republicans. 👉🏽Jeroen Blokland: 'We go into the USElection2024 with US debt higher than ever, and both candidates are likely to add much more of it than is projected in the already dire baseline projected by the Congressional Budget Office. Obviously, the US will print its way out of this. A key question is whether this will trigger a faster unfolding of Gresham's law, the phenomenon where people will spend 'bad' money (money with less value) first and hoard 'good' money (money with more value.)' [](https://image.nostr.build/b02b73bd7a1d75b811bcade9146a2f4a6da36ec66202a2934def1ec08c7f730a.jpg) 👉🏽'Global central bank net gold purchases reached 694 tonnes year-to-date, the 3rd largest on record. In Q3 alone, the net buying hit 186 tonnes as gold prices continued their historic run. Since 2022, central banks have acquired a MASSIVE 2,825 tonnes of gold, double the average seen before the 2020 pandemic. Purchases have been primarily driven by China, India, Turkey and Poland. Gold prices have hit 41 all-time highs this year and are up 33% year-to-date, the best performance in 3 decades. Central banks are stocking up on gold while calling for a "soft landing." -TKL On the 6th of November: 👉🏽Trump won the elections in a decisive way. Trump's win is responsible for this Bitcoin pump, which will likely lead to a more sustained long-term bull run. Yet make no mistake the bull run would've still happened even if Trump had lost. Some important stats: * Trump won Starr County TX, the most Hispanic county in America at 97% by 16 points. The last time it voted Republican was in 1892. * What about campaign spending in the swing states? [](https://image.nostr.build/031edb789fa9b1b5447c2b16e660140835e08f5b6dd1e66c95288f15f482494e.jpg) I guess campaign spending doesn't determine the outcome. Worth noting that far more “billionaires” backed Harris than Trump and she raised almost 50% more money. 3 out of 4 Americans who said that inflation caused them and their family severe hardship in the last year voted for Trump. * People hate price increases (irrespective of whether their real wages keep up), and this was a major reason for voting the Democrats out. * 2004 John Kerry 59 million votes. 2008 Barack Obama 69.5 million votes. 2012 Barack Obama 65.9 million votes. 2016 Hillary Clinton 65.8 million votes. 2020 Joe Biden 81 million votes. 2024 Kamala Harris 68 million votes. What happened in 2020? Peter McCormack is spot on: "To all the people that are surprised and angry by the Trump result, I am sad to inform you that there is an equal cohort in the UK who are also pissed off with the corporate media, political elite, inflation, attacks on free speech, etc... Your irrational meltdowns will not change what is coming..." 👉🏽'To my friends in Germany, it seems that with the news of the end of the German government, both Harris and Habeck will fall into irrelevance the same day. Cheers.' [](https://image.nostr.build/9198372c2c5cbf725b5c20e525e2d40e6130303b8008ccbf648877d76cc35a9a.jpg) On this day the German coalition government imploded. As the federal government is collapsing and the country approaches early elections, the right-wing party AfD is ahead of all three government parties. Lindner triggered the collapse, and his FDP is currently unlikely to even overcome the 5% hurdle of getting into parliament. On top of that Germany is not in a recession, the German business model based on cheap energy from Russia, growing exports to China, and cheap subcontractors in Eastern Europe is imploding. Grotesque overregulation, green paranoia and ideological amateurs in key government positions do the rest. Industrial production in Germany is now 17% *lower* than at the end of 2017. Auf gehts, Jungs! To make it even worse, on the 11th of November news came in: the German economy is suffering from the worst lack of orders since the global financial crisis of 2009 — Ifo Institute On the 7th of November: 👉🏽REPORTER: If Trump asked you to leave would you go? Jay Powell: No REPORTER: You're not required to leave? Jay Powell: No Q: If the Fed doesn't answer to the President of the USA, who does it answer to?! In terms of funding, the Fed operates like a private entity but its board reports to Congress. It’s an independent entity within the us government. The president chooses the fed chair but after being selected he can’t remove him because of political conflict of interest. But you must ask yourself who is on the board of the Fed? Good luck finding out who. The banking cartel. The families that run it. You ain't in that club. 👉🏽'What's happening with the "Fed pivot?" Today, the Fed cut interest rates by 25 bps in their 2nd cut since 2020. Meanwhile, mortgage rates are at their highest level since July and have risen ~100 basis points in 2 months. Is the market doubting the Fed pivot?' -TKL The Bank of England also cut rates today. 👉🏽'US personal interest payments hit $556 BILLION in September, the second-largest in history. Since 2022, Americans' interest costs have DOUBLED. Personal interest as a percentage of disposable personal income is now at 2.5%, near the highest since the 2008 Financial Crisis. This metric is also materially higher than the 2.0% seen in the 1970s when interest rates were almost twice as much as the current 4.75%-5.00% range. All while the total household debt sits at a record $17.8 TRILLION. Consumers are drowning in interest expense.' -TKL On the 8th of November: 👉🏽China announced a $1.4 TRILLION debt bailout and is working on more measures to boost the economy. On the 9th of November: 👉🏽Robert Habeck, German Vice Chancellor, and Green party member: "The regulation of algorithms, of X or TikTok, through the application of European legal norms is a central task. We cannot place ‘democratic discourse’ in the hands of Elon Musk and Chinese software." Good luck Robert Habeck with regulating X. You have not noticed that things have changed since Tuesday? There is a new sheriff in town. JD Vance says the US could veto NATO if Europe tries to regulate Elon Musk’s platforms. “If NATO wants us to continue supporting them, and NATO wants us to continue to be a good participant in this military alliance, why don't you respect American values and respect free speech?” “It's insane that we would support a military alliance if that military alliance isn't gonna be pro-free speech.” “We've gotta say American power comes with certain strings attached. One of those is respect for free speech, especially in our European allies.” “European countries should theoretically share American values, especially about some very basic things like free speech.” 👉🏽'US government spending is set to reach $13.0 TRILLION in 2029, according to IMF estimates. That would be almost DOUBLE the amount seen in Fiscal Year 2024 which came in at $6.8 trillion. To put this into perspective, prior to 2008, government expenditures were 3 TIMES lower. Meanwhile, the US posted its third largest budget deficit in history last month, reaching $1.8 TRILLION or 6.4% of GDP. Currently, total federal debt sits at a new record of $35.9 trillion.' -TKL 🎁If you have made it this far I would like to give you a little gift: Lyn Alden: 'Along with Steve Lee and Ren, I co-authored a paper that analyzes the process and risks of how Bitcoin upgrades its consensus rules over time, from a technical & economic perspective.' https://github.com/bitcoin-cap/bcap/blob/main/bcap_v1.0.pdf Thread: https://x.com/LynAldenContact/status/1854606667213603208 Great read! Credit: I have used multiple sources! My savings account: Bitcoin 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 sats. ▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃ ⭐ Many thanks⭐ Felipe - Bitcoin Friday! ▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃