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This Week's ⚡ Quick Bits & 🎥 Quick Media Digest (#132)

This Week's ⚡ Quick Bits & 🎥 Quick Media Digest (#132)

Read issue 132 of the Bitcoin-only newsletter with the highest signal-to-noise ratio in the space.

Naiw
November 24, 2024 • Estimated Reading Time: 21 minutes

Together with

Greetings Bitcoiner,

Welcome to issue #132 of the Bitcoin Breakdown, where we embrace the wisdom of Michael Saylor, who recently said, ‘You will spend forty thousand hours of your life, maybe sixty thousand hours of your life trying to make money. It is worthwhile to spend 100 hours learning how to keep it.’

The education system today doesn't really teach what sound money is, nor do people generally consider what underlies the value of fiat currencies.

Reflecting on these ideas naturally prompts further questions, leading to more insights. As many Bitcoin Breakdown readers would have realized by now, this exploration invariably leads one to Bitcoin, and only Bitcoin—the world's most resilient asset and the soundest form of money.

Happy readings! 👽️

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⚡️ QUICK BITS

Allianz, the world's largest insurance company, purchases $742M worth of MSTR convertible notes.
Satoshi Nakamoto becomes the 18th richest individual in the world, as BTC surged past $99,000 this week.
Bitcoin's Puell Multiple suggests a potential bull run, with analysts anticipating considerable price increases based on historical patterns.
On-chain data indicates the BTC price bull run continues, with key metrics suggesting significant growth potential remains in the coming months.
Major crypto firms like Ripple, Kraken, and Circle jostle for a seat on Trump's crypto advisory council, expected to advise on policy and establish a bitcoin treasury reserve.
China’s High Court declares Bitcoin and crypto as commodities with property rights, so holding them is legal.
BTClock repo still available after Coinkite had it taken down by a cease and desist, attacking open source developer Djuri.
AnchorWatch, a leading provider of bitcoin custody insurance, becomes a Coverholder for Lloyd's of London allowing them to offer coverage of up to $100M per customer.
Coin Center challenges US Treasury sanctions, arguing Tornado Cash is non-proprietary code and not property under OFAC definitions.
Michael Saylor to pitch Bitcoin investment strategy to Microsoft board following activist shareholder proposal.
BlackRock supports the creation of a US Strategic Bitcoin Reserve.
VanEck backs Trump's plan for a US Strategic Bitcoin Reserve, joining BlackRock in support.
Putin supports Bitcoin mining in areas with surplus electricity, but warns miners should steer clear of areas where grids are under strain.
Personal financial advisors risk losing clients by ignoring Bitcoin as retail interest surges, analysts suggest.
Senator Lummis outlines Strategic Bitcoin Reserve plan: ‘purchase 200k BTC per year for five years. 1m BTC total.’
Charles Schwab's CEO announces they will be entering spot Bitcoin and crypto markets, saying he ‘feels silly’ for not being in it already.
Howard Lutnick, Cantor Fitzgerald CEO, to become President-elect Trump's commerce secretary.
Garry Gensler announces his resignation as SEC chairman amid pressure, poised to depart on January 20.
BlackRock launches spot Bitcoin ETF options, driving Bitcoin price to new highs, with nearly $2B in notional exposure traded.
Goldman Sachs becomes the second-largest investor in BlackRock’s Bitcoin ETF, marking a 71% increase in holdings.
Citron Research causes MicroStrategy shares to fell 16% on Thursday by announcing it placed a short position against the company while maintaining a long position in Bitcoin.
MicroStrategy shares achieve the highest risk-adjusted returns of any asset in 2024, with Nvidia at number two and Bitcoin at number three.
MicroStrategy was the most actively traded stock in the US during the past week.
MicroStrategy’s market cap nears Intel’s as its Bitcoin holdings surge.
MicroStrategy makes record $4.6B BTC purchase, with plans to buy $1.75B more through a note offering.
MicroStrategy enters top 100 US publicly traded companies by market capitalization.

Japan advances tax reforms, proposing a 20% flat rate for Bitcoin and crypto and other cuts to stimulate economic recovery before 2025.
Bitcoin and crypto enforcement will take a back seat under Trump as immigration becomes priority.
Polish presidential candidate vows to create a Bitcoin reserve to strengthen Poland’s economy and hedge against inflation if elected.
Rumble shares rise as CEO Chris Pavlovski considers adding BTC to the company’s balance sheet.
Wall Street giants increase MicroStrategy investments as BTC rally propels MSTR stock to a 450% year-to-date gain.
Paul Tudor Jones became a top 10 holder of BlackRock’s Bitcoin ETF in the past week with $160M in holdings.
Jason Lowery, author of the book ‘softwat’, seeks advisory role with the White House to integrate Bitcoin's Proof-of-Work technology into national defense strategies.
Mike Novogratz, the founder and CEO of Galaxy Digital Holdings, foresees global Bitcoin adoption as countries buy BTC.
Massive Bitcoin symbol projected onto the Abu Dhabi Global Markets building.
European Central Bank urges faster digital euro progress to avoid lagging behind China's digital yuan and other global CBDC initiatives.
Texas lawmakers explore legislation for a strategic Bitcoin reserve.
HBO Satoshi filmmaker stands by his claim that Peter Todd created Bitcoin.
Russia's Ministry of Finance approves amendments that introduce a 15% tax on Bitcoin and crypto trading profits.
Solidion Technology commits 60% of its excess cash to bitcoin, viewing it as a strategic hedge against inflation and a store of value.
Interactive Strength allocates up to $5M to BTC and will begin accepting BTC payments from customers.
Truth Social parent company files a trademark for a Bitcoin and crypto payment service called TruthFi.
Semler Scientific announces a $21M ATM equity offering and purchases an additional 215 BTC, bringing its total to 1,273 BTC.
RFK Jr says he has invested most of his wealth in Bitcoin, describing it as the ‘currency of freedom’.
Semler Scientific announces $21.5M in capital raised through ATM offering, adding 215 BTC to its holdings and achieving a 37.3% BTC yield.
Kaixin Holdings, a Chinese EV company, acquires a bitcoin mining company in the Middle East, leveraging cost-efficient energy and advanced mining equipment.
MARA Holdings launches $700M convertible notes to reduce debt, fuel Bitcoin acquisitions, and drive strategic digital asset expansion.
MARA Holdings increases its previously announced convertible note offering from $700M to $850M.
Goldman Sachs plans to spin out digital assets platform within the next 12-18 months, aiming to innovate financial instrument creation and trading.
Trump meets Coinbase CEO Brian Armstrong to discuss Bitcoin and crypto-focused advisory council and regulatory strategy.
JPMorgan reports 33% surge in bitcoin miner market cap as hashprice rises 29% amid post-election crypto optimism.
Metaplanet’s stock surges 15% after adding 124.1 BTC to their treasury.
South Africa's Financial Intelligence Centre mandates FATF’s ‘travel rule’ on all ‘crypto asset service providers’ (CASPs) from April 30, 2025.
Helix Bitcoin mixer’s operator gets sentenced to three years in prison and ordered to forfeit over $400M in assets.
Lyn Alden, Bitcoin researcher and macro analyst, says the ETH/BTC post-election low is ‘more brutal than I expected’.
Bitcoin Depot reports $135.3M in Q3 revenue for 2024, a 25% decline, while expanding its Bitcoin ATM network to 8,300 machines.
AI data centers drive competition for cheap electricity, potentially stabilizing Bitcoin hashprice and reshaping global mining economics.

OTHER NEWSLETTERS TO CHECK OUT*

Tim Ferriss's 5-Bullet Friday shares the five coolest books, gadgets, hacks, and more he's exploring in an exclusive weekly email. (link)
TLDR, read by 1.25 million tech professionals, gives you the top tech, science, and coding news in 5 minutes. (link)
Crypto Pragmatist provides industry insights and research to 60,000+ subscribers—don’t miss out. (link)
Refind curates the best articles from thousands daily, tailored to your interests. (link)
FryAI filters signals from 100+ AI news sources daily for over 20,000 subscribers at NVIDIA, Tesla, Google, and more. (link)
Stacked Marketer delivers curated digital marketing news, tech trends, and actionable advice daily to 60,000+ marketers. (link)

*You can find more here.

🎥 QUICK MEDIA

Andrew Hohns, Wall Street veteran and Newmarket Capital CEO, blows CNBC hosts’ minds explaining how Bitcoin loans work (Nov 22 | 2:58 min watch).
Dominic Frisby explains at Money Week Summit why the risk of not owning any BTC is greater than the risk of owning it (Nov 19 | 4:17 min watch).
Anthony Pompliano contends there is a ‘global race for Bitcoin right now’ driven by macroeconomic challenges in an appearance on Yahoo Finance (Nov 16 | 6:01 min watch).
Matthew Kratter of Bitcoin University argues that nobody is ‘too late’ to buy BTC because the low ownership rates among individuals, corporations, and nation-states indicate significant future growth potential (Nov 21 | 8:47 min watch).
Daniel Batten shares five key talking points at the Bitcoin Amsterdam conference to effectively counter the ‘Bitcoin uses too much energy’ argument, offering a strategic response to this common criticism (Nov 15 | 3:51 min watch).
Bitcoin Brabant shares his thoughts on the recent controversy surrounding Blockclock and BTClock after Coinkite had an open source project removed from Github (Nov 16 | 3:57 min watch).
Bob Lukas, a position trader who focuses on market cycles, shares his thoughts on the ongoing ‘raging bull phase’ of the Bitcoin’s 4-year cycles (Nov 21 | 26:59 min watch).
Seth For Privacy, in an interview with Simply Bitcoin, critiques the reliance of people on Bitcoin ETFs within the fiat system, advocating for true financial independence through direct BTC ownership (Nov 20 | 2:37 min watch).