Rabbit Hole Recap RABBIT HOLE RECAP #383: SUPER CYCLE?
19 snips
Nov 14, 2025 Square now enables 4 million merchants to accept Bitcoin, while Bitcoin is debated as a safe haven amid central bank policies. There’s a discussion on whether recent price drops signal a bear market or a super cycle pause. Tether's $100 million ad spend for Rumble raises questions about its strategy. Robinhood's cash delivery service is explored, along with Thailand’s new anti-scam measures impacting digital privacy. Plus, Jack Dorsey plans to relaunch Vine with anti-AI elements, and Starlink offers a cheaper connectivity plan.
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Price Drop Driven By Leverage, Not Fundamentals
- Bitcoin price action reflects macro stress and overlevered participants dragging price down rather than a classic multi-year bear market.
- Marty Bent highlights stock and altcoin leverage as primary sell pressure sources, not a loss of Bitcoin's fundamental value.
Convert Merchant Revenue To Bitcoin
- Turn on Cash App's Bitcoin features and convert a portion of business revenue to save on fees and hold BTC on your balance sheet.
- Use Square's zero-fee conversion option to reduce merchant costs and slowly accumulate Bitcoin as a business strategy.
Bundle Features To Reduce Adoption Friction
- Square's rollout bundles merchant Bitcoin acceptance with UX and fiat conversion features to lower friction for both merchants and consumers.
- The integration with Cash App and optional automatic conversion increases the chance merchants will adopt Bitcoin tooling.