BEFORE WE START…

Could you do us a solid and click this link — we just started sending from a new domain, and clicking that link tells email providers “these guys are alright.”

Ok, now — where were we…

Sup, nerds!

Here’s what you’re getting in today’s edition:

• 💅 This is cool: Holding BTC should be a no-brainer for corporations

• 🔎 This seems important: Satoshi Nakamoto speaks

• 🤝 Partner: Unlock your startup's potential with Raze 🚀​

• 🔪 Let's dissect this: The Bitcoin halving: good for us, bad for miners.

Terms used in this edition (click for an explanation, or ​ask Web(GPT)3!​):
Blockchain.

💅 This is cool:

Here’s Why Holding Bitcoin Should Be a No-Brainer for Corporations

In one sentence: BTC treasuries might be the most compelling pitch in corporate history — an asset that, over 5 years, holds its value at worst and doubles at best!

So, Reddit is planning on going public, which means a whole bunch of previously private corporate information is now being made public.

And turns out…

Reddit has been holding Bitcoin, Ethereum, and Polygon.

Which begs the question — why aren’t more companies doing so? Cause we just did some rough math, and managed to convince ourselves that:

Bitcoin treasuries are one of the most compelling pitches in corporate history.

Here’s how we got there…but first, remember this:

• Historically, anyone that has bought and held Bitcoin for five or more years has made money (at least on paper).

• Let’s say Reddit started buying Bitcoin in 2021 — shortly after Michael Saylor popularized the idea of corporate BTC treasuries.

• That would mean it’s 3 years into its 5 year break even period.

• The next 12 months look promising for BTC, with potential new all-time-highs on the horizon.

• This would mean there’s a good chance Reddit’s BTC purchase will be in profit very soon, if it isn’t already.

Alright, now for some back of the napkin math…

While 5 years is the ‘safe zone’ for a break even Bitcoin investment — that boundary downplays things quite a bit.

Cause right now, BTC is at $51.5k. But five years ago, it was sitting at ~$3.8k.

(That’s a tidy 13.5x increase).

So let’s sand bag those numbers, assuming those kinds of price increases are long gone, and at best, we’re only going to see a 1-2x price increase over five years, from here on out…

That’s still one of the most compelling pitches in corporate history:

A treasury asset that, over a 5 year period: holds its value at worst — and doubles at best!

Here’s why you should care:

Corporate adoption of Bitcoin should increase prices over time, and what’s good for Bitcoin, is good for the entire crypto industry.

🥇 Want the news before anyone else?

🔎 This seems important:

Satoshi Nakamoto Speaks (Through Old Emails)

In one sentence: New Satoshi Nakamoto emails just dropped, thanks to the COPA vs. Wright lawsuit, revealing early communications with Adam Back for the first time!

New/early Satoshi Nakamoto emails just dropped, thanks to the COPA vs. Wright lawsuit!

(ICYMI: Satoshi Nakamoto was the pseudonymous figure(s) responsible for creating Bitcoin — who hasn’t been heard from since 2010).

You can read them here, and here:

Our biggest takeaway:

For anyone that watched Nexpo’s ‘Unmasking Satoshi Nakamoto’ series on YouTube and became immediately convinced that Adam Back was Satoshi (guilty 🙋), based off factors including, but not limited to:

The fact that Adam’s ‘hash cash’ technology was the basis for Bitcoin/blockchain tech in general (and was referenced in the Bitcoin white paper), but there was no known communication between the two.

…well, consider this a crack in that theory’s foundation.

🤝 Partner:

Unlock Your Startup's Potential with Raze 🚀

We get it. Raising funding for your startup is hard!

You have a killer idea for an epic new product…all you need is a bit of funding to build out the team and market the damn thing!

Problem is, you're probably stuck in a maze of paperwork, investor meetings, and legal complexities.

That’s where Raze comes in.

Whether you're a budding entrepreneur or a seasoned Web3 innovator, Raze is designed with you in mind. They understand the struggles of finding the right investors and navigating the intricate web of regulations, especially in the U.S.

The Raze platform streamlines the entire capital-raising process and helps you put your investor networking on autopilot - connecting you with the perfect investors and providing expert guidance every step of the way.

(It’s basically a cheat code for raising funding).

So, if you have no lawyer, no investors, or you’re stuck trying to raise capital without gaining much traction, check out Raze – the ultimate solution for seamless capital raising!

Click the big red button below to learn more 👇

🔪 Let's dissect this:

The Bitcoin Halving: Good for Us, Bad for Miners.

In one sentence: When Bitcoin halves, miners will be rewarded HALF of what they used to be — all for the same cost of electricity as before.

Hot take: the Bitcoin halving isn’t necessarily good for everyone. 

Actually, there are some major potential downsides for miners. 

Let’s dive in, shall we?

This upcoming April will be the next halving cycle for Bitcoin — aka BTC mining rewards get cut in half.

Most of the time (at least every previous time) the price of Bitcoin shoots up for a bit, so folk are expecting BTC to do the same this time around.

But! A miners main job is to solve complex cryptographic puzzles time and time again.

Cool. 

But to do that, miners use up a TON of electricity…so much electricity that a lot of mining groups are finding it hard to remain profitable at current electricity rates with today’s block reward prices. 

Starting to see the bigger picture? 

When Bitcoin halves, miners will be rewarded HALF of what they used to be — all for the same cost of electricity as before.

Cutting margins even closer to a breakeven point, or potentially into the negatives. 

And some big shots in the space are even warning investors that with this upcoming halving, there will most likely be a ton of mining machines being shut down.  

Which means miners might need to start getting creative.

Unmasking Satoshi Nakamoto