Leonard Cito

CTO of Byte Federal, one of the largest Bitcoin ATM companies in the United States. Advocates for the use of Bitcoin as money.

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Jul 11, 2025 • 1h 14min

RECORD $1.1B Bitcoin Short SQUEEZE (What's Next?) | EP 1286

Leonard Cito, CTO of Byte Federal and advocate for Bitcoin as a currency, shares his insights on the recent $1.1 billion short squeeze and its impact on the Bitcoin market. He discusses the contrasting behaviors of institutional versus retail investors and highlights the psychological factors influencing market sentiment. Cito also critiques Bitcoin's classification as property for taxation, promoting self-custody solutions. He emphasizes Bitcoin's potential as a decentralized alternative in a world facing increasing government control over currencies.

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