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Michael Leonardi profile picture
Michael Leonardi
@mleonardi247

Bitcoiner

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Recent Notes

MartyBent · 65w
When someone asks “Well isn’t bitcoin a threat to the dollar?” Immediately shift the frame and point out that the dollar, as it’s designed, is a threat to itself and American citizens. Bitcoi...
 Michael Leonardi profile picture
Michael Leonardi @mleonardi247
💯…the proper frame of reference is the US Dollar is a sinking ship.

#Bitcoin is a super tanker that showed up willing to take on as many people as would like to get off the sinking ship.

Bitcoin didn’t break it, the US Dollar was broke when it got here.

Michael Leonardi profile picture
Fantastic short 5 min clip of @Cory 🦢 Swan where he makes the observation that #Bitcoin is to saving whereas crypto is to gambling.

The comparison to sports gambling is spot on. Saving a little bit over time in Bitcoin via dollar cost averaging (DCA) is FAR superior to gambling on sports, memo coins or the next Defi utility token nonsense.

Please fellow humans, stay focused on the signal. Bitcoin only

Stay humble and stack sats.

https://www.youtube.com/watch?v=LQe1y1ZEUfc
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Michael Leonardi profile picture
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.

https://cointelegraph.com/news/nasdaq-filing-asset-manager-blackrock-bitcoin-etf-in-kind-redemption
Michael Leonardi profile picture
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.
BitcoinStu · 87w
They make an extremely strong case for it being Peter Todd. By far the best case I've ever heard for anyone being Satoshi. Your claim that it's wrong, given no evidence or supporting argument, is me...
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Michael Leonardi @mleonardi247
Regarding the strength of the case made, agree to disagree. I e seen FAR stronger cases made for Hal Finney although I think neither is Satoshi. It’s a great documentary on other fronts. But to your point, my opinion is irrelevant. 🤝
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BitcoinStu · 87w
Hal's work during that time is well know, he didn't code c++, by the late Satoshi period Hal's disease had progressed greatly and there is no way he could have kept up with the workload Satoshi put in, he was known to be an early miner but his mining did not match the Patoshi Pattern. Those are all...
Michael Leonardi profile picture
Bitcoin is the topic of a new documentary on HBO called Electric Money. It claims to reveal the true identity of the creator of #Bitcoin. Their conclusion is wrong. Satoshi is NOT Peter Todd (who is that?…doesn’t matter).

But what is most interesting is the timing of this documentary. We are likely entering a time of significant price appreciation for #Bitcoin with the FED easing, global liquidity rapidly increasing and this time of year post halving tends to be VERY good for #Bitcoin.

And who owns a massive stake in HBO? Blackrock…which also has the most successful ETF IN HISTORY; their #Bitcoin ETF. Plus Blackrock has been going on a massive campaign lately to promote the #Bitcoin. All these are tail winds for #Bitcoin. Stay humble and stack sats.
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BitcoinStu · 87w
They make an extremely strong case for it being Peter Todd. By far the best case I've ever heard for anyone being Satoshi. Your claim that it's wrong, given no evidence or supporting argument, is meaningless. If you can make a better case for someone else, do it.