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BITCOIN BOX SCORE

Exchange Rate: $116,763
Market Capitalization: $2.26T
Hash Rate (90 days): 878.8 EH/s
Transactions (30 days): 10,973,346
Network Fees (economy): 2 sat/vB
Bitcoin Dominance: 64.80%

What do these numbers mean?

"All truth passes through three stages: First, it is ridiculed; second, it is violently opposed; and third, it is accepted as self-evident," observed Arthur Schopenhauer. Bitcoin's monetization journey exemplifies this progression.

It began as a collectible for liberty-minded enthusiasts with big dreams. Then, it evolved into situational money to solve specific problems like capital controls, deplatforming, grey and black market trading, and remittances.

Despite challenges from regulators, hard forks, and other crypto projects, bitcoin emerged as the ideal form of portable appreciating capital, reaching a level of decentralization, security, and scale that has made it attractive to hold for the long term.

Now we're witnessing another evolution: bitcoin has reached sufficient liquidity and longevity to attract corporations and governments. This was always thought to be inevitable, but seeing it play out is hard to fathom for those who have been betting on bitcoin’s rise for years.

Bitcoin is monetizing along a trajectory that is typical when new forms of money technology are developed. Up next in the process are expected to be sovereign reserves and its use as a ubiquitous medium of exchange.

NEWS

Bitcoin hits new all-time high above $115,000 amid institutional inflows

Bitcoin reached a new all-time high of $16,763 on Thursday, July 10th, driven by $218 million in ETF inflows and President Trump urging the Federal Reserve to cut interest rates. Trump posted on Truth Social that markets were "through the roof" and demanded the Fed "rapidly lower rates" to reflect economic strength.

Non-sovereign money thrives in uncertain times

Bitcoin's rally demonstrates how debasement benefits scarce assets, making the case for holding non-inflatable money regardless of political rhetoric.

New Zealand bans bitcoin ATMs in misguided anti-money laundering campaign

New Zealand's government plans to ban all 221 bitcoin ATMs across the country as part of an AML/CFT regime update, claiming they help criminals "convert cash to high-risk assets such as cryptocurrencies." Associate Justice Minister Nicole McKee also proposed capping international cash transfers at $3,000 to prevent offshore money movement.

Luddite policies lead to irrelevance

New Zealand's bitcoin ATM ban demonstrates classic regulatory theater that punishes law-abiding citizens while criminals simply use other methods. By restricting bitcoin access and demonizing sound money, New Zealand will simply be left behind as the rest of the world adopts superior monetary technology and capital flows to friendlier jurisdictions.

Eight wallets move 80,000 bitcoins in largest ever 'Satoshi era' transfer

More than $8 billion worth of bitcoin mined during the network's earliest days moved Friday in the largest transfer on record, with dormant wallets holding coins since 2011 suddenly activating after 14 years. The bitcoin, originally acquired when it traded at just 78 cents, is now worth over $1.1 billion per wallet - representing a 13.9 million percent appreciation.

Who is it?

The fact that 14-year-old wallets can seamlessly transfer billions in value demonstrates bitcoin's technical robustness. While there has been no confirmation regarding the entity making these transfers, several intriguing theories have surfaced on X.

Jack Dorsey unveils Bitchat: offline, encrypted messaging inspired by bitcoin

Jack Dorsey published a whitepaper for Bitchat, a decentralized messaging protocol that enables fully encrypted communication without the internet using Bluetooth Low Energy mesh networks. Much like bitcoin eliminates reliance on centralized intermediaries in finance, Bitchat removes central authorities from digital communication with end-to-end encryption and no metadata collection.

Bitcoin principles expand beyond money

Dorsey's Bitchat demonstrates that bitcoin's decentralized peer-to-peer network architecture has multiple use cases. As governments worldwide increase digital surveillance, bitcoin-inspired technologies become essential tools for preserving freedom and privacy, which are natural rights that no government or state may lawfully violate.

BITCOIN ADOPTION CONTINUES

Emirates partners with Crypto.com to accept bitcoin payments for flights starting in 2026, becoming the largest airline to adopt bitcoin.

Donald Trump Jr. invests $4 million in Thumzup Media, a social media startup with $151 quarterly revenue that recently adopted a bitcoin treasury strategy.

South Africa's debt-laden power utility Eskom considers bitcoin mining and AI data centers to monetize excess electricity capacity while managing its $22.7 billion debt load.

K Wave Media secures $1 billion in capital commitments including a $500 million convertible note agreement with Anson Funds to build a treasury containing 10,000 bitcoins.

KULR Technology expands bitcoin holdings to 1,021 BTC worth $101 million, reporting 291% bitcoin yield year-to-date through its treasury strategy launched in December 2024.

HOW BITCOIN WORKS

Learn one key idea about bitcoin each week. This week:

HODLing only works with bitcoin

The term "HODLing" originated in bitcoin circles and describes the strategy of exchanging fiat for bitcoin and holding it for the long term. While this approach has generated substantial wealth for bitcoin holders, it fails catastrophically when applied to altcoins.

Bitcoin is money. That is to say, it is a scarce, portable, divisible, recognizable bearer asset. When you hold bitcoin, there is no intermediary or counterparty required to redeem its value. This makes bitcoin suitable to be held for the long term, as it appreciates against depreciating fiat currencies and assets that come and go over time.

Altcoins, by contrast, are equity-like instruments (notwithstanding that many don't confer voting rights or ownership like equities do) tied to specific projects, platforms, or protocols. Research shows that of more than 16,000 tokens analyzed, only 3.7% have ever recovered from a 75% drawdown in their price.

This distinction explains why bitcoin's market dominance has increased since 2023 while altcoins underperformed. Any "bitcoin plus altcoin" index underperforms bitcoin alone because diversification doesn't work when all assets share identical risk factors. The CoinDesk 20 index, which is underweight bitcoin, has materially underperformed bitcoin itself.

Since Q1 2024, nearly 86% of tokens launching at valuations exceeding $500M experienced at least a 75% drawdown, with 53% down over 90%.

The only historically reliable profit strategies in the bitcoin and altcoin ecosystem are: (1) exchange fiat for bitcoin and HODL, or (2) extract value without directional exposure by providing services like market making, exchange operation, or custody services.

Bitcoin rewards conviction. Altcoins reward extraction. Understanding this difference is crucial for anyone seeking to build long-term wealth.

COIN CHECK

Over the last decade (July 10 2015 to July 10 2025), what has been bitcoin’s approximate compound-annual growth rate (CAGR)?

A. ≈ 25%
B. ≈ 45%
C. ≈ 60%
D. ≈ 80%

Check your answer at the end of the page.

FROM THE MEME POOL

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ANSWER

Correct answer: D. ≈ 80%

Ten years ago Bitcoin closed at $284.89. Today it trades around $116,600. That 409× increase works out to a compound-annual growth rate of roughly 82%.

In plain English, if you had bought one bitcoin in 2015 and somehow compounded its dollar value at the same pace every year, you’d have doubled your purchasing power more than every 12 months for a full decade. Few assets in financial history have sustained anything close to that trajectory, which is why those who grasp bitcoin’s fixed supply and network effects have captured outsized gains.

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