Bitcoin at $100K has summoned the FUD swarm — from quantum computer panic to 'national security threat' hot takes. I’m calling out the bad logic, breaking down every attack, and arming you with the facts.

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LINKS:

• Bitcoin has now become MSNBC's new obsession. 
• River: Bitcoin Ownership Distribution
• Top Organizations Disclosing Donations to Fairshake PAC, 2024 • OpenSecrets
• Ripple founder has given more than $11.8 million to Harris campaign
• Kamala Harris turns to Coinbase for crypto campaign donations, CFO reveals
• Since January, $227 billion of Bitcoin has been activated by long term holders, dwarfing the ETF flows by a multiple.
• Tucker Carlson on X: "Roger Ver is facing life in prison for revealing how the US government worked secretly to subvert cryptocurrency and prevent economic freedom.
• 06: Debunking Big Blocker Alternative History
• Google shocks the world with new a chip that could vanquish Nvidia and Bitcoin - YouTube
• Gloria Zhao on Bitcoin Core Devs, Network Security Threats and Will There Be A "Block Size" War II? - YouTube
• Bitcoin News on X: "Satoshi’s thoughts on handling a “massive breakthrough attack,” such as quantum computing rendering SHA-256 encryption ineffective in protecting the Bitcoin network. https://t.co/GBnZ3UpeXN" / X
• MicroStrategy’s $26 Billion Bitcoin Cache Is Larger Than IBM, Nike Cash Holdings - Bloomberg
• Amazon shareholders have submitted a request for the $2.3 Trillion company to explore adding Bitcoin to its treasury.
• Is It 'Crazy' for the US to Have a Bitcoin Reserve? - YouTube
• Senate Republicans propose Bitcoin national reserve - YouTube
• Behind Bitcoin’s Rally Is a Simple Fact: Supplies Are Limited - WSJ
• Hawaii local news covers Bitcoin adoption in the state with cameos - YouTube
• The National Center for Public Policy Research has submitted the attached shareholder proposal for consideration at the 2025 annual shareholder meeting. 
• China discovers world's largest gold mine - Egypt Independent
• El Salvador’s Gold Reserves Worth $3 Billion: President Bukele Highlights Economic Potential. – El Salvador in English
• CPI inflation November 2024: Annual inflation rate accelerates to 2.7% in November, as expected
• Russia: MP proposes a strategic Bitcoin reserve
• WabiSabi Vulnerability Allows Malicious Coordinators to Deanonymize Coinjoin Users
• MicroStrategy Poised to Join Nasdaq-100 Index
• Eric Balchunas on X: "$MSTR is likely to be added to $QQQ on 12/23 (w/ announcement coming 12/13). Moderna likely to get boot
• Alex Thorn on X: "🚨 “SELL THE PAST, BUY THE FUTURE” 

Crypto Illicit Transaction Volume

• Illicit transactions constituted only 0.34% of the total on-chain transaction volume for 2023
• The total value received by illicit cryptocurrency addresses dropped to $24.2 billion in 2023

Breakdown of Illicit Activities

• Transactions involving sanctioned entities accounted for $14.9 billion, representing 61.5% of all illicit transaction volume analyzed.
• Crypto scams and hacking revenue both decreased significantly, with total illicit revenue down 29.2% and 54.3%, respectively.

Stablecoin Usage

• Stablecoins accounted for the majority of criminal transactions for the second consecutive year, aligning with the recent increase in stablecoin share of all crypto activity.

Citations:

• Crypto crime in 2023 exceeded $24 billion: Chainalysis
• US Financial Secrecy Fuels Illicit Financial Flows from Environmental Crimes, New Report Finds
• Illicit cryptocurrency transactions global 2023 | Statista
• New report: The 2023 Illicit Crypto Economy | TRM Insights
• Efforts to track illicit financial flows need scaling up – UNCTAD SDG Pulse 2024
• 2024 Crypto Crime Trends from Chainalysis
• The IMF and the Fight Against Illicit Financial Flows
• An In-Depth Look at Crypto-Crime in 2023 Part 1 | Trend Micro (US)
• African Strategies to Combat Illicit Financial Flows | Carnegie Endowment for International Peace
• The Illicit Crypto Economy Report
• Illicit Financial Flows | UNCTAD
• Illicit crypto addresses received at least $24.2 billion in 2023 - report | Reuters
• Balancing privacy and public interest in the fight against illicit financial flows: Lessons from an European Case Study - ScienceDirect

Cash Illicit Transaction Volume

• According to the UN Office on Drugs and Crime 
• the estimated amount of money laundered globally in one year is 2-5% of global GDP 
  • or $800 billion - $2 trillion in current US dollars.
• The US Treasury estimates that about $300 billion is laundered annually in the United States alone, much of it through cash transactions.

Music

• 5-Watt Rock • Theo Katzman
• Be the Wheel | 5-Watt Rock | Podcastindex.org