Blackrock requesting in-Kind redemption on its #Bitcoin ETF is another huge catalyst for #Bitcoin. Currently moving out of the ETF is cash and a taxable event. In-Kind would allow authorized participants to take position of the Bitcoin…mostly banks. Couple that with repeal of SAB 121 allowing banks to custody Bitcoin and you have FAR less friction which will attract more capital to #Bitcoin. SELF CUSTODY is still preferred but this opens up options such as Bitcoin lending with low interest rates, LOC on ETFs, etc for those wanting it. This is BULLISH people.

Cointelegraph

Nasdaq seeks amendment to BlackRock’s Bitcoin ETF for in-kind redemptions

BlackRock has filed to allow in-kind creation and redemption on its spot Bitcoin exchange-traded fund (ETF), which an ETF analyst said should have ...

Politics 🤢🤮 but it’s a reality and the recent ending of SAB 121 will be HUGE for #Bitcoin in 2025 as it will allow banks to custody. Self custody #Bitcoin is preferred but banks being allowed to custody will be the gateway for people to gain exposure to #Bitcoin. Collateralized Bitcoin loans with reasonable interest rates will also be the result. It will be interesting to watch.

Free Ross Ulbrict DAY 1…NO EXCUSES!!! #freeross View quoted note →

Happy #Bitcoin Whitepaper Day. Focus on the signal amount at the political noise…#Bitcoin is freedom.

Remember, #Bitcoin >> Central Banks + Politics

Zimbabwe just devalued it currency massively overnight. Why should you care? The FED is doing the same thing in the US just slower and more nuanced. Central banks are NOT to be trusted. This is “Why #Bitcoin?”

Zimbabwe currency: Bank knocks 40% off value of gold-backed Zig

The central bank says the exchange rate allows for greater flexibility.

With all the noise, it can be easy to forget that #Bitcoin is a blessing. It's emergence has gifted us permissionless, stateless sound money. If you are reading this, you know about #Bitcoin which puts you in truly rare company. Be grateful...I am. I am.

Zoom out! #Bitcoin

Think #Bitcoin is overly complicated? Try understanding the US Dollar system. H/T to @River

New to #Bitcoin and a bit overwhelmed? It is many things, but a useful start is thinking of #Bitcoin as savings technology. If you save in USD, it WILL loss money due to inflation. If you save in #Bitcoin and hold it, you will experience volatility BUT will likely VASTLY outperform inflation. Volatile savings technology (Bitcoin) is superior to guaranteed inflation losses (USD). Forged in the fire of Fiat.

Once the US Dollar was no longer limited to the amount of Gold in the possession of the United States Treasury, it lost its limitation on its supply. Once that happened, we had to “trust” that the US Treasury and Federal Reserve Bank would not create too much additional money. This is ”Why #Bitcoin.”

Saudi Arabia deciding to end the 50 year petrodollar agreement is a huge blow to US Dollar as the global reserve currency. This plus the continued debasement will further weaken USD. Perhaps it’s time to look into #Bitcoin I believe the Saudis ditching the petrodollar system is MAJOR step away from USD fiat hegemony. I also believe the US can maintain its global leadership roll by fully embracing #Bitcoin. #Bitcoin mining defending cyberspace (see Jason Lowery) and stacking #Bitcoin in the US Treasury.

Bizcommunity

Saudi Arabia has announced its involvement in Project mBridge

Saudi Arabia has announced its involvement in Project mBridge...

Forged in the fire of fiat monetary debasement. #Bitcoin

Jamie Dimon the CEO of Chase Bank is an "Authorized Participant" for BlackRock's Bitcoin ETF. According to him #Bitcoin's only use case is illicit activity. If Chase is associated with #Bitcoin as an AP and it is only for illicit activity then what does that Chase? By his definition it make Chase a money launderer by association. Can't have it both ways Jamie. Not impressed with him or Chase!

X (formerly Twitter)

Swan (@Swan) on X

Bare-knuckle #Bitcoin debate between Jamie Dimon and Joe Kernen.