The Bad Crypto Podcast Ep 781 - Bitcoin Treasuries & Stock Tokens - BAD NEWS for July 2, 2025
Jul 2, 2025
The Bitcoin hashrate is on the decline, yet interest in Bitcoin ETFs is skyrocketing. Robinhood just launched stock tokens, shaking up the financial landscape. Texas is making waves by declaring gold and silver as legal tender again. The speakers reflect on past Bitcoin investments and discuss the evolving market dynamics. There's an intriguing look at AI's role in comedy and ethics, and a reminder to approach financial decisions with humor and caution.
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Bitcoin Treasury Scarcity Insight
- About 3.4 million Bitcoin are held in Bitcoin treasuries by public and private companies and sovereigns.
- After subtracting lost and reserved coins, roughly 10 million Bitcoin are available globally, creating scarcity among billions.
Money Supply Tracks Markets
- The global M2 money supply closely tracks movements in the S&P 500 and Bitcoin prices.
- Increasing money supply correlates with inflation, making things cost more over time.
Seasonal Heat Impacts Mining
- Bitcoin's hash rate dropped about 3% in June due to seasonal heat waves slowing mining operations.
- This reflects how environmental factors like summer heat impact Bitcoin mining efficiency.