I had the pleasure of giving a Bitcoin 101 lecture to a room full of high school students yesterday morning. Based off the engagement and the quality of questions asked, I have a lot of optimism for Gen Z and Gen Alpha.
They will choose bitcoin.
The nation's grid systems are bracing for a massive winter storm. If things are as bad or worse as they were during the 2021 storm that hit Texas things could get hairy.
Expect bitcoin hash rate to fall through the weekend and into next week as miners respond to demand spikes in grid systems across the country.
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With fiscal dominance being identified as a key risk for the US economy moving forward and trillions of dollars of fraud being laid bare over the last year, it would probably make sense to shrink the federal government dramatically as quickly as possible to restore faith in our bond market.
Here's your periodic reminder that one half of the Fed's mandate is a literal oxymoron: they are tasked with creating "price stability" and to achieve that they target a 2% annual inflation rate.
The path toward hyperbitcoinization is becoming clearer by the day and is something @ODELL and I have been talking about on RHR for ~8 years.
- Central banks and governments debase fiat currencies
- At the same time geopolitical tensions rise, driving a more multi-polar world
- Sovereigns and institutions fall back to gold because of familiarity and a liquidity profile that can handle larger flows compared to bitcoin
- Bitcoin is adopted by smaller players (individuals, corporations, funds) until sovereigns recognize that bitcoin is the ultimate store of value asset in the Digital Age
- The bitcoin standard rises from the ashes of fiat debasement and analog store of value assets
We are in Phase 3 right now.
Our team built an in-house X --> Nostr cross-posting app using Claude Code in a couple of hours yesterday. The @TFTC account should be more consistent from here on out.
He’s either embracing getting absolutely worked and leaning into it by trolling or he knows he’s about to spill all of the Deep State election fraud tea and get a cushy pardon and get sent to live in exile on an island for the rest of his life.
Happy New Year, freaks. Have been sitting on this for a decade. Going to enjoy it with my wife tonight.
Wishing everyone a happy, healthy and prosperous 2026.
It may not always seem like it but we’re going to win.
The bitcoin quantum FUD is just another iteration of “can the devs do something?!”
A bunch of LARPing by people not close to protocol development who have overlooked that “the devs” have been talking about and researching solutions to this “problem” for years.
It looks like China is again looking to "ban" bitcoin mining.
A lot has changed since they banned mining in 2021.
In 2021, network hashrate was ~160 EH/s. Today, there is ~7.5x more hashrate.
In 2021, China had 40-60% of hashrate. Today, they have ~14%.
In 2021, the United States had relatively abundant excess electricity. Today, supply is tight due to increased demand from AI hyperscalers.
This Chinese mining ban will bring with it less network disruption and new back end benefactors in the form of countries with excess energy that isn't being bid up by AI data centers.
It's crazy how much can change in a little over four years.
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Since @BtcPins spilled the beans on the RHR live chat, I’ll ask Nostr for feedback. Been working on a site for people to find the best bitcoin products. Still a work in progress and will be cleaning it up and adding to it in the coming days.
Let me know what you think:
This was one of the more interesting conversations I've had on the show this year.
Johann Kurtz is the author of Leaving a Legacy. A book about how wealth comes with the responsibility of duty over one's dominion, how wealth should be passed down and why the trend of boomers spending all of their money or giving it to charity is a travesty.