Bitcoin Fortress
My goal is pretty simple: help people learn more about Bitcoin and seek financial freedom.
Sunday Apr 30, 2023
Sunday Apr 30, 2023
Weekly market recap / outlook and weekly Bitcoin news:
Why everyone is keeping a close eye on Mt. Gox and US Government Bitcoin wallets
If US defaults on debt, Bitcoin could rise nearly 70%, says Standard Chartered analyst
US House will have crypto bill in 2 months
Zimbabwe's de-dollarization: Central Bank to issue gold-backed digital currency in early May
US Senator Ted Cruz: "I like BTC for the same reason the Chinese Communist Government doesn't like BTC"
Paypal upgrades crypto services to 60 million Venmo users, allowing transfers to external wallets and exchanges
Lightning Labs unveils upgrade to boost Bitcoin accessibility for billions of people - here's how it works
First Republic auction underway with deal expected Sunday
Check out "Managing the Transition to a Bitcoin Future" on substack
Substack: Bitcoin Fortress
Twitter: Bitcoin Fortress
Books: Amazon Author Page
Mentioned in this week's Podcast:
https://finance.yahoo.com/news/why-everyone-keeping-close-eye-120102252.html
https://finance.yahoo.com/news/u-defaults-debt-bitcoin-could-204123010.html
https://www.coindesk.com/policy/2023/04/28/us-house-will-have-crypto-bill-in-2-months-mchenry/
https://news.bitcoin.com/zimbabwes-de-dollarization-central-bank-to-issue-gold-backed-digital-currency-in-early-may/
https://news.bitcoin.com/us-senator-ted-cruz-i-like-btc-for-the-same-reason-the-chinese-communist-govt-doesnt-like-btc/
https://news.bitcoin.com/paypal-upgrades-crypto-services-to-60-million-venmo-users-allowing-transfers-to-external-wallets-and-exchanges/
https://cryptonews.com/news/lightning-labs-unveils-upgrade-boost-bitcoin-accessibility-for-billions-of-people-heres-how-it-works.htm
https://www.reuters.com/markets/deals/first-republic-auction-underway-with-deal-seen-by-sunday-sources-2023-04-29/
https://bitcoinfortress.substack.com/p/managing-the-transition-to-a-bitcoin
Sunday Apr 23, 2023
Sunday Apr 23, 2023
Weekly market update / outlook and weekly Bitcoin news:
Treasury Secretary Yellen says US government will take 'any steps necessary' to preserve its financial dominance
Global reserves held in US dollars fell to less than 50% - official state is has become 'toxic' currency
Russia to work with digital currencies of other nations
Economist Peter Schiff warns 'death blow' coming for US dollar - USD to lose reserve currency status
Arkansas makes gold, silver legal tender; 23 states involved in similar legislation to establish US dollar alternatives
North Carolina House introduces bill that would prohibit payment to the state in Bitcoin
Why the EU has MiCA and the US has securities law confusion
Check out "Housing Market Update - April 2023" on my Bitcoin Fortress substack this week
Substack: Bitcoin Fortress
Twitter: Bitcoin Fortress
Books: Amazon Author Page
Mentioned in this week's Podcast:\
https://news.bitcoin.com/treasury-secretary-yellen-says-us-government-will-take-any-steps-necessary-to-preserve-its-financial-dominance/
https://news.bitcoin.com/global-reserves-held-in-us-dollars-fell-to-less-than-50-official-states-it-has-become-a-toxic-currency/
https://news.bitcoin.com/russia-to-work-with-digital-currencies-of-other-nations/
https://news.bitcoin.com/economist-peter-schiff-warns-death-blow-coming-for-us-dollar-usd-to-lose-reserve-currency-status/
https://news.bitcoin.com/arkansas-makes-gold-silver-legal-tender-23-states-involved-in-similar-legislation-to-establish-us-dollar-alternatives/
https://bitcoinmagazine.com/legal/north-carolina-house-introduces-bill-that-would-ban-bitcoin-payments-to-state
https://www.coindesk.com/consensus-magazine/2023/04/20/why-the-eu-has-mica-and-the-us-has-securities-law-confusion/
https://bitcoinfortress.substack.com/p/housing-market-update-april-2023
Monday Apr 17, 2023
Monday Apr 17, 2023
Weekly market update / outlook and weekly Bitcoin news:
Robert Barnes on dollar demise
The fall of Medici Bank: lessons on fractional reserve banking from 15th century Italy
CBDC debate heats up: BIS project sparks controversy among critics; Lynette Zang warns of danger of CBDC's
US House committee publishes draft of stable coin bill
Silk Road Bitcoin thief, once worth $3.4 Billion, receives one year prison sentence
Gold bugs still don't get it: Bitcoin's ledger makes it the better store of value
Check out this week's blog post: "Monthly Portfolio Update - April 2023"
Substack: Bitcoin Fortress
Twitter: Bitcoin Fortress
Books: Amazon Author Page
Mentioned in this week's Podcast:
https://vivabarneslaw.locals.com/upost/3827119/the-barnes-brief-monday-april-10-2023
https://news.bitcoin.com/the-fall-of-medici-bank-lessons-on-fractional-reserve-banking-from-15th-century-italy/
https://news.bitcoin.com/cbdc-debate-heats-up-bis-project-sparks-controversy-among-critics-lynette-zang-warns-of-dangers-of-cbdcs/
https://www.coindesk.com/policy/2023/04/15/us-house-committee-publishes-draft-stablecoin-bill/
https://cryptonews.com/news/silk-road-bitcoin-thief-once-worth-34-billion-receives-one-year-prison-sentence.htm
https://bitcoinmagazine.com/culture/bitcoin-ledger-better-than-gold
https://bitcoinfortress.substack.com/p/monthly-portfolio-update-april-2023
Sunday Apr 09, 2023
Sunday Apr 09, 2023
Weekly market news / outlook and weekly Bitcoin news:
1st nuclear powered Bitcoin mine in US reports 9,000 facilities energized in Q1
Bill protecting Bitcoin mining rights passes in Arkansas Senate and House
US Treasury warns DeFi is used by North Korea, scammers to launder dirty money
US dollar's greatest enemy as reserve currency is the Treasury
Economist Peter Schiff advises 'Get rid of your US dollars now' warns USD reserve currency status in jeopardy
What is the Lightning Network?
Check out this week's blog post 'Bitcoin Estate Plan...Some thoughts on generational wealth transfer'
Substack: Bitcoin Fortress
Twitter: Bitcoin Fortress
Books: Amazon Author Page
Mentioned in this week's Podcast:
https://bitcoinist.com/nuclear-powered-bitcoin-mine-9000-plants-energized/
https://cointelegraph.com/news/bill-protecting-bitcoin-mining-rights-passes-in-arkansas-senate-and-house
https://www.coindesk.com/policy/2023/04/06/us-treasury-warns-that-defi-used-by-north-korea-scammers-to-launder-dirty-money/
https://news.bitcoin.com/economist-jim-rickards-says-us-dollars-greatest-enemy-as-reserve-currency-is-the-treasury/
https://news.bitcoin.com/economist-peter-schiff-advises-get-rid-of-your-us-dollars-now-warns-usds-reserve-currency-status-in-jeopardy/
https://bitcoinmagazine.com/guides/lightning-network
https://bitcoinfortress.substack.com/p/bitcoin-estate-plan-e49
Sunday Apr 02, 2023
Sunday Apr 02, 2023
Weekly market update / outlook and weekly Bitcoin news:
The RESTRICT Act creates blanket authority, with few checks to ban just about anything linked to a 'foreign adversary'
Peter Schiff warns of US dollar devaluation and 'biggest economic disaster' in history
Bitcoin country El Salvador's new bill offers tax breaks for tech investments
US Government plans to sell 41k Bitcoin connected to Silk Road
Microstrategy pays off Silvergate loan and buys more Bitcoin
Bitcoin millionaire Tim Draper advises startups to keep Bitcoin as a hedge against 'domino' run on the banks
In God we trust, all others pay in Bitcoin
Check out this week's blog post 'Bitcoin Rabbit Hole...There are many"
Substack: Bitcoin Fortress
Twitter: Bitcoin Fortress
Books: Amazon Author Page
Mentioned in this week's Podcast:
https://www.coincenter.org/the-restrict-act-creates-blanket-authority-with-few-checks-to-ban-just-about-anything-linked-to-a-foreign-adversary/
https://news.bitcoin.com/economist-peter-schiff-warns-of-us-dollar-devaluation-and-biggest-economic-disaster-in-history/
https://bitcoinist.com/el-salvadors-new-bill-offers-tax-breaks-for-tech-innovation/
https://cointelegraph.com/news/us-government-plans-to-sell-41k-bitcoin-connected-to-silk-road
https://www.coindesk.com/business/2023/03/27/microstrategy-pays-off-silvergate-loan-buys-more-bitcoin/
https://news.bitcoin.com/bitcoin-millionaire-tim-draper-advises-startups-to-keep-bitcoin-as-a-hedge-against-a-domino-run-on-the-banks/
https://bitcoinmagazine.com/culture/why-bitcoin-is-my-currency-of-faith
https://bitcoinfortress.substack.com/p/bitcoin-rabbit-holes
Sunday Mar 26, 2023
Sunday Mar 26, 2023
Weekly market update / outlook and weekly Bitcoin news:
Sternlicht: "Economy is going to implode"
Ackman: "I fear we are heading for a train wreck"
Gundlach: Fed will cut rates substantially soon
Draper: 2 payrolls' cash in Bitcoin
Treasury Financial Stability Oversight Council held unscheduled, closed meeting
Fed on Custodia Bank denial of application for full reserve bank
How will Bitcoin adapt to banking uncertainty?
US Government top Bitcoin holder with $5.6B
Check out this week's blog post "Orange Pilling Your Parents, it's not as easy as it sounds"
Substack: Bitcoin Fortress
Twitter: Bitcoin Fortress
Books: Amazon Author Page
Mentioned in this week's Podcast:
https://news.bitcoin.com/billionaire-barry-sternlicht-warns-of-hard-landing-says-economy-is-going-to-implode/
https://news.bitcoin.com/billionaire-bill-ackman-on-us-banking-crisis-i-fear-we-are-heading-for-a-train-wreck/
https://news.bitcoin.com/billionaire-bond-king-jeffrey-gundlach-predicts-the-fed-will-cut-rates-substantially-soon/
https://cointelegraph.com/news/businesses-should-hold-two-payrolls-worth-of-cash-in-crypto-tim-draper
https://cointelegraph.com/news/us-treasury-s-financial-stability-oversight-council-held-unscheduled-closed-meeting
https://www.coindesk.com/policy/2023/03/24/federal-reserve-says-custodias-crypto-focused-business-model-is-inconsistent-with-approval/
https://bitcoinmagazine.com/culture/how-bitcoin-adapts-to-bank-failure
https://news.bitcoin.com/us-government-remains-a-top-bitcoin-holder-with-seized-stash-valued-at-5-6-billion/
https://bitcoinfortress.substack.com/p/orange-pilling-your-parents
Sunday Mar 19, 2023
Sunday Mar 19, 2023
Weekly market update / outlook and weekly Bitcoin news:
Credit Suisse rescue plan may include nationalizing bondholder losses
US midsize banks seek FDIC insurance on 'all deposits' for 2 years
This crisis will define the future of money
Peter Schiff: Worse financial crisis than 2008
Balaji Srinavasan says hyperinflation happening now
Fidelity Investments has opened Bitcoin trading to the public
As the US sees its second biggest bank collapse ever, Bitcoin is becoming stronger
Check out this week's blog post "Monthly Portfolio Update - March 2023, Feels like 2008, sort of..."
Substack: Bitcoin Fortress
Twitter: Bitcoin Fortress
Books: Amazon Author Page
Mentioned in this week's Podcast:
https://cointelegraph.com/news/credit-suisse-rescue-plan-may-include-nationalization-bondholder-losses
https://cointelegraph.com/news/us-midsize-banks-seek-fdic-insurance-on-all-deposits-for-2-years-report
https://www.coindesk.com/consensus-magazine/2023/03/17/this-crisis-will-define-the-future-of-money/
https://news.bitcoin.com/economist-peter-schiff-expects-worse-financial-crisis-than-2008-says-future-rate-hikes-are-now-pointless/
https://news.bitcoin.com/balaji-srinivasan-says-hyperinflation-happening-now-makes-million-dollar-bets-on-bitcoin-price-exceeding-1m-in-90-days/
https://bitcoinmagazine.com/business/fidelity-has-opened-bitcoin-trading-to-the-public
https://bitcoinmagazine.com/culture/as-banks-collapse-bitcoin-is-stronger
https://bitcoinfortress.substack.com/p/monthly-portfolio-update-march-2023
Sunday Mar 12, 2023
Sunday Mar 12, 2023
Weekly market recap / outlook and weekly Bitcoin news:
Banks Down? That's why Bitcoin was created.
Treasury Secretary rules out government bailout of SVB
SVB under FDIC auction as calls for bailout grow
Circle issues update: prepared to stand behind USDC
USDC vol lifts Bitcoin Coinbase premium to 3 year high
Who failed SVB depositors?
Joint statement by Treasury, Federal Reserve and FDIC
Check out this week's blog post "Silicon Valley Bank Closure - Shades of the 2008 GFC"
Substack: Bitcoin Fortress
Twitter: Bitcoin Fortress
Books: Amazon Author Page
Mentioned in this week's Podcast:
https://cointelegraph.com/news/banks-down-that-is-why-bitcoin-was-created-crypto-community-says
https://news.bitcoin.com/us-treasury-secretary-rules-out-government-bailout-of-silicon-valley-bank/
https://news.bitcoin.com/report-silicon-valley-bank-under-fdic-auction-as-calls-for-bailout-grow/
https://news.bitcoin.com/circle-issues-update-amid-stablecoin-volatility-firm-is-prepared-to-stand-behind-usdc-and-cover-any-shortfall/
https://www.coindesk.com/markets/2023/03/12/usdc-volatility-lifts-bitcoins-coinbase-premium-to-3-year-high/
https://www.coindesk.com/consensus-magazine/2023/03/10/who-failed-silicon-valley-bank-depositors/
https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312b.htm
https://bitcoinfortress.substack.com/p/silicon-valley-bank-closure
Sunday Mar 05, 2023
Sunday Mar 05, 2023
Weekly Market Update / Outlook and weekly Bitcoin news :
Rise and Fall of Silvergate
US Treasury CBDC Working Group
India Central Bank CBDC alternative to cryptocurrency
Bitfinex/ Tether falsified documents to access bank services
British banks crackdown on Bitcoin and crypto access
Binance US “unregistered securities exchange”: SEC staff
Multicoin Capital hedge fund 91.4% loss
Check out this weeks blog post “Bitcoin Retirement Plan” (link below)
Substack: Bitcoin Fortress
Twitter: Bitcoin Fortress
Books: Amazon Author Page
Mentioned in this week's Podcast:
https://www.coindesk.com/policy/2023/03/03/the-rise-and-fall-of-silvergates-crypto-business/
https://bitcoinmagazine.com/legal/u-s-treasury-introduces-cbdc-digital-dollar-working-group
https://news.bitcoin.com/indias-central-bank-digital-currency-will-act-as-alternative-to-cryptocurrency-says-rbi-official/
https://bitcoinist.com/bitfinex-and-tether-falsified-documents-to-access-bank-services-report-claims/
https://bitcoinmagazine.com/business/british-banks-crack-down-on-bitcoin-crypto-access
https://www.coindesk.com/policy/2023/03/03/sec-official-says-binance-us-is-operating-unregistered-securities-exchange/
https://www.coindesk.com/business/2023/03/04/multicoin-capitals-hedge-fund-lost-914-last-year-investor-letter-reveals/
https://bitcoinfortress.substack.com/p/bitcoin-retirement-plan
Sunday Feb 26, 2023
Sunday Feb 26, 2023
Weekly market update / outlook and weekly Bitcoin news:
GBTC spot ETF approval: a boon for investors?
Yellen: “Strong regulatory framework” for crypto, not looking to ban
Global crypto rules coming? Or just for the G20?
IMF: Misery Industry leader says more crypto regulation, including banning is on the table
Twitter coin: LOL
Gensler: “Everything other than Bitcoin”
Check out this week’s blog post “Bitcoin Saves the Day, a short story”. Link below.
Substack: Bitcoin Fortress
Twitter: Bitcoin Fortress
Books: Amazon Author Page
Mentioned in this week's Podcast:
https://cointelegraph.com/news/grayscale-ceo-if-gbtc-gets-approval-it-could-return-a-couple-billion-dollars-to-investors
https://cointelegraph.com/news/u-s-treasury-janet-yellen-calls-for-strong-regulatory-framework-for-crypto-activities
https://www.coindesk.com/policy/2023/02/25/global-crypto-rules-to-be-based-on-coming-fsb-imf-synthesis-paper-india-announces-after-g20-meetings/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
https://news.bitcoin.com/imf-calls-for-more-crypto-regulation-says-banning-should-be-an-option/
https://cryptoslate.com/some-twitter-users-can-now-buy-twitter-coins-via-stripe/
https://twitter.com/coryklippsten/status/1629700076120739840
https://bitcoinfortress.substack.com/p/bitcoin-saves-the-day
My goal is pretty simple: help people learn more about Bitcoin and seek financial freedom.