A weaker dollar could put Bitcoin near $500K by 2030. @ColeMacro expects Treasury and Fed intervention to cap long-term yields, with the dollar taking the hit. A 20–30% dollar decline is part of his case. At 50% annual Bitcoin growth through 2030, his scenario lands just under $500K. $BTC $ASST

You can earn staking income and still fall behind Bitcoin. @ColeMacro puts Ethereum's total return, including staking rewards, below Bitcoin's since staking began. The ability to fund a dividend depends on what the whole investment earns. Either asset can outperform over any given 1, 2 or 3 years. $ETH $BTC

Volume isn't just trading activity. It's capital engine velocity. Historically, $SATA averaged $12.5M in daily volume. Over the last 10 days? Average volume surged to $58M. A 4.6x increase above the 90 day baseline. As track records build, these structures evolve from simple preferred equity into high powered capital raising engines. Liquidity follows proven execution. @PunterJeff $BTC

Price breakouts are backed by fundamental macro shifts. When the Treasury and Fed step in to manage long term interest rates, the long term path for the dollar becomes clear. Steady weakness. As fiat purchasing power erodes, capital naturally flows toward hard, supply capped assets. And when compared to gold, $BTC remains the fastest horse in the race.

Comparing Strategy's $STRC with JPMorgan's 6.5% Series OO preferred. @AdamBLiv

Treasury execution in full motion. Strive acquired 1,355 BTC for $107.7M. Bringing total holdings to 26,355 BTC. Warrant exercises generated $21.2M in gross proceeds. $SATA supplied 57.7% of total capital raised. $STRC added 950 BTC last week and repurchased $174M of preferred stock. Strategy now holds 846,000 $BTC. Capital markets keep feeding corporate balance sheet expansion. @TimKotzman

Bitcoin doesn’t need clarity. Washington does. Asked whether the midterms change Bitcoin’s trajectory, his answer was simple: they don’t. The CLARITY Act stalled, but Matt says regulatory clarity mainly gives institutions more comfort around crypto. He doesn’t see it unlocking much for $BTC itself. “Bitco benefits from dysfunction. And I think we continue to see dysfunction out of D.C., regardless of who wins in the midterms.” - @ColeMacro

Matt Cole says the market misreads the Bitcoin treasury strategy as a get-rich-quick scheme. He underwrites $BTC over a full 4-5 year market cycle and views the common equity through an even longer time horizon. $SATA offers the more stripped-down exposure: a perpetual preferred paying 13%, while the common equity carries the amplified Bitcoin thesis. “There’s never in anything a way to get rich quick unless you get lucky, unless you gamble. And we are not gamblers.” - @ColeMacro

Bitcoin is rallying despite the CLARITY Act stalling and the Fed hiking rates. Matt Cole’s read: the U.S. debt problem is starting to outweigh the Fed’s traditional tightening signal. “The more the Fed starts to hike rates, the more that debasement will be needed.” - @ColeMacro

Matt Cole says his base case for $BTC remains 30% to 70% annual growth over the next three years. The thesis comes down to the dollar, U.S. debt, and how policymakers respond if long-term rates keep rising. “And if he does that, the release valve will be the dollar.” - @ColeMacro

Bitcoin is trading a little above its 200 week moving average.   That makes this a cost of capital question rather than a price question.   Bring in as much capital as possible now and put it into Bitcoin.    "If we're underwriting Bitcoin to a 25 to 50 percent CAGR over the next 4 years, you would want to be maximally long right now."   @PunterJeff bitcoin:native

For decades, the hurdle rate for capital was dollar debasement: roughly 11% a year. $BTC changed the benchmark. With the finality of absolute scarcity, the new hurdle rate is Bitcoin’s CAGR. If an investment in your portfolio can't beat Bitcoin on a risk adjusted basis, it's losing you ground. The benchmark for true growth has shifted. $SATA $STRC

Anyone can execute when the market is pumping. The real test is how a company performs during a drawdown. When $BTC hit the 200 week moving average, people questioned why we were still accumulating. We didn't stop. We kept buying. Looking back, the only regret isn't buying. It's wishing we had bought even more. @Werkman $STRC $SATA

A Treasury buyback worth 0.01% of the debt, and Bitcoin ran from $65,000 to $80,000.   @AdamBLiv reads that as how sensitive Bitcoin's returns are to what's coming. Monetary repression is next, meaning rates held below inflation, and he doesn't see Washington cutting taxes or spending to avoid it.   That leaves one way out.   The bearish narratives are used up in his view: the Coldcard hack didn't move the price, and rising AI spending isn't tanking it either. Bitcoin held its strength this week anyway.   bitcoin:native

10 year yields rip to 7%. $BTC flushes down to $40K–$50K. Then rockets straight to $500,000. Dream scenario? Yes. High probability? No. But because the treasury isn't encumbered, a short term liquidity flush is just the launching pad for the next massive move up. Low probability, but well within the realm of possibility. $STRC $SATA

Congress may be stalled. American regulators don’t have to be.
 The U.S. can, and should, write its own bank-capital rules for Bitcoin. @JonathanMacey and I in @rc_markets: “A Declaration of Independence From Basel III”

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Do not allow the ladder to be pulled up. If fear-mongering leads to regulatory capture, open source gets shut out from competing with frontier models. The result? A oligopoly of a few centralized companies controlling critical technology for every American. Open source must remain the fallback option. We can’t allow the ladder to be pulled up. $SATA $STRC $BTC

When $SATA IPO’ed, amplification was way lower. Today, it’s pushed above 50%. Why? Trust. Institutions have watched how the cash positions, Bitcoin treasury, and capital structure are managed. Institutional investors are willing to deploy capital at 50%+ amplification. Even during a $BTC drawdown. In less than a year, the narrative shifted from proving the model to earning full market confidence. @ColeMacro

$BTC isn't just an asset anymore. It’s the baseline. The new global benchmark for performance is Bitcoin performance. You either outpace Bitcoin growth or yield cash back to investors to attract institutional capital today. Anything in between is a slow march toward irrelevance. $STRC $SATA