Strategy Says Its Bitcoin Covers The Dividend For 32 Years. The Real Number Is Different.

Photo: Gage Skidmore, CC BY-SA 2.0

By BitBrainers Editorial

Strategy says its Bitcoin reserve covers STRC's dividend for 32 years. CryptoQuant says the real number is 14 months. Both claims came from real math. Only one of them survived contact with this week's price action.

What Is Max Pain in Bitcoin Options and Why It's Not Working This Time.

By BitBrainers Editorial

Every quarter, somewhere on crypto Twitter, someone explains that Bitcoin's price is about to get pulled toward a number called "max pain." It sounds like inside knowledge. Most of the time it's a theory doing a lot of work it can't actually back up, and this week is a clean example of it failing in real time.

The Fed Chair Who Loved Bitcoin

By BitBrainers Editorial

Kevin Warsh personally owned stakes in more than thirty crypto assets before he became the most powerful man at the Federal Reserve. He once called Bitcoin "the newest, coolest software" and compared it to gold for investors under forty. Then he chaired his first policy meeting as Fed Chair, and Bitcoin had one of its roughest stretches in months.

The Orderbook Said There Was Support. Bitcoin Broke It Anyway.

By BitBrainers Editorial

This morning the orderbook looked solid. Bids stacked from $60.8K to $62.5K, a wall thick enough that the read was simple, support is real here, upside is what's capped. By tonight's close, Bitcoin had gone straight through it.

Crypto Gets Regulated Into the Ground. Meta Builds a Betting App for 3.5 Billion People.

By BitBrainers Editorial

When news broke this week that Meta is building a prediction-market app, the most honest reaction did not come from a regulator or a journalist. It came from the stock market. Shares of DraftKings and Robinhood, two of the biggest names in legal betting, slid the moment the report hit. They were not confused about what Mark Zuckerberg is building. They recognised a competitor. That reaction tells you more than any press release will, because the gambling industry knows a gambling product when it sees one, even when nobody is calling it that.