Options for 67,700 Bitcoin (BTC)—worth $745 million at current prices—will expire tomorrow, according to crypto data analytics platform Skew. But experts are divided on whether this won't have an impact, or if it could shake up the crypto markets.

#Dollar -- Reminder, 16-year cycle has "captured" all major swings ........... next trough not until February 2025.

They’re. Not. Even. Pretending. Anymore.

Who is “they”?

On the corporate-grift side, it’s Kodak Chairman and CEO Jim Continenza (SEC CIK 0001197594), who picked up about 3 million shares and cheap options over the past year. It’s Kodak board member George Karfunkel (SEC CIK 0001085765), of the private equity and banking Zyskind-Karfunkel family, with his 6.4 million shares. It’s Kodak board member Philippe Katz (SEC CIK 0001579836), who owns about 4.3 million shares through at least five shell companies.

Who is “they”?

On the government-grift side, it’s Donald Trump, who gets a press conference and a talking point.

It’s Commerce Secretary Wilbur Ross and Secretary of State Mike Pompeo, who sit on the DFC board of directors and approved this deal, each pocketing a favor.

It’s Larry Kudlow, University of Rochester alum and friend of Kodak, who pockets a BIG favor.

It’s Adam Boehler, 41 year-old CEO of the DFC, who cements a lucrative career once his government “service” is complete.

Bitcoin is many things to many people - why people choose to own hold bitcoin depends on their circumstances and views of what bitcoin is today and what it could become in the future. These views have been the subject of misunderstanding, confusion and debate. Historically, such debates have revolved around whether bitcoin, the native asset, is a store of value, medium of exchange, alternative asset, all of the above, or none of the above. Additionally, it is still undetermined whether the underlying blockchain is best used to facilitate wholesale clearing and settlement, consumer payments or the anchoring and timestamping of arbitrary data.

The truth is, as the ecosystem matures, Bitcoin may simultaneously serve many functions - either foundationally or through incremental layers. One of the beautiful things about Bitcoin is that its success is not predicated on serving a singular purpose.

In this piece, we will focus on the view that Bitcoin is an aspirational store of value. We explore the inherent characteristics that position Bitcoin to fulfill this role in the future, consider whether it is being used in this way today, and discuss factors that may drive greater demand for such utility.

Please download the full report here:{pdf}
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Bullish AF, sadly we lost our coins in a boating accident in September but we can still cheer the price on from the sidelines

1/ “There are decades where nothing happens; and there are weeks where decades happen.”
— Vladimir Ilyich Lenin

We quoted that line last month – and, it just happened.  The United States printed more money in June than in the first two centuries after its founding.

$864 billion

2/ With that first trillion we:

- defeated British imperialists;
- bought Alaska and the Louisiana Purchase (13 states’ worth of territory);
- defeated fascism;
- ended the Great Depression;
- built the Interstate Highway System;
- went to the Moon.

3/ For the sticklers out there with the knee-jerk counter-argument:

“Hey, you need to use constant dollars – take into account inflation!”

The answer is:

That’s EXACTLY why one should get out of paper money and into #Bitcoin

How's those Forks workin' out for ya?

But just ahead of this summer, with markets in turmoil amid the spread of the coronavirus, bitcoin received an unexpected anointing from one of the world’s top hedge fund managers. On May 7 billionaire Paul Tudor Jones of New York–based Tudor Investment Corp. issued a market outlook letter that swiftly went viral across Wall Street.