Karl T's Bitcoin Channel
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TIL the US FedGov blatantly stole 127,000 BTC from a Chinese mining operation in Iran. It was done using a similar hack as the ColdCard hardware wallet hack - the BTC were stored in an address that was created using low entropy, so it was able to be brute forced.
Bitcoin is trading directionally with gold at the highest rate ever. This is good because it means institutional investors are starting to view it as a shelter from debasement. We should expect at minimum a 10x from here over the next 8 years.
This is a long read, but it's a great post.
https://x.com/ColeMacro/status/2092270223827325432
The FedGov didn't suddenly start caring about people's privacy. This rule was likely changed to protect Jews/zionists.
