Swan Profile picture
Jul 23 8 tweets 4 min read Read on X
The Genius Act just became law.

Trump calls it a “financial revolution,” unleashing dollar-backed stablecoins to cement U.S. dominance in crypto.

But is this really about innovation—or a stealth move toward a programmable, surveilled dollar?

Here’s what’s really happening 🧵👇 Image
Image
The bill promises to “modernize payments” and make the U.S. the “crypto capital of the world.”

But stablecoins don’t fix fiat—they just digitize it.

They’re still tied 1:1 to the same dollar that’s lost 98% of its value since 1913. Image
Trump banned a retail CBDC to “protect Americans from surveillance.”

But many argue regulated, bank-like stablecoins can easily become CBDC-lite:
• Fully auditable
• Heavily regulated
• Programmable in practice

Different issuer, similar outcome. Image
Image
Look deeper at the incentives:

Stablecoins = trillions in new demand for U.S. Treasuries.
Stablecoins = extending dollar hegemony.
Stablecoins = propping up a decaying system with shinier tech.

This isn’t monetary freedom. It’s digital fiat. Image
Bitcoiners see the trap.

Stablecoins make fiat faster.
CBDCs make it programmable.

But neither solve the root problem:
Money controlled by politics, endlessly debased.

Bitcoin is the alternative—finite, incorruptible, outside state control. Image
Image
And while Washington digitizes the dollar, corporations are making their bet.

Trump Media just put two-thirds of its liquid treasury into Bitcoin.
hundreds of public companies are moving rapidly to the only money that can’t be inflated.

They’re choosing the fastest horse. Image
So the choice is clear:

Do you settle for a shinier, more surveilled dollar?
Or do you opt out entirely into a monetary network no government can co-opt?

The Genius Act is an attempt to save the old system.
Bitcoin builds the new one.
Want to hear from people shaping the future of money?

Join lawmakers, asset managers, builders & sovereign leaders at BTC in DC this September.

Not just another conference—it’s where Bitcoin policy, capital & innovation meet.

🎟 | Code: SWAN for 10% off btcindc.comImage

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More from @Swan

Aug 2
Something big is happening in finance—again.

25 years after the internet reshaped equities, Bitcoin is quietly doing the same to debt.

Strategy (MSTR) is building a Bitcoin-backed yield curve—from 1-month to 20 years.

Here’s what that means 🧵👇 Image
Historically, Bitcoin had no yield.

You could HODL, speculate, or lend (with risk).

But now, for the first time, institutions can access structured Bitcoin yield—via public, regulated securities.

Strategy has issued 4 instruments to build this stack: Image
🔸 STRK – Mid-volatility, convertible hybrid
🔸 STRF – Senior, income-focused
🔸 STRD – High-yield, longer duration
🔸 STRC – Short-duration, stable BTC-backed savings

Together, they map out a credit curve—backed by overcollateralized Bitcoin. Image
Read 10 tweets
Aug 1
Strategy (MSTR) just delivered the most consequential earnings call in its history.

They’re building a $100B+ Bitcoin credit empire—powered by AI, fueled by leverage, and anchored by the hardest money on Earth.

2 hours of alpha in 2 minutes 🧵👇 Image
Image
Year-to-date, Strategy has raised $18.3B in capital—more than 80% of last year’s total in just 7 months.

It now holds over $74B in Bitcoin, acquired at a cost of $46B.

Every sat is unencumbered. Zero rehypothecation. Just conviction. Image
The quarter was record-breaking:

• $14B GAAP operating income
• $10B net income
• $32.60 EPS—the highest in company history
• BPS (Bitcoin per Share) rose 67,730 in 2024 alone

This is what Bitcoin leverage looks like—done right. Image
Read 10 tweets
Jul 31
The White House just released its 2025 digital assets report.

Buried in the policy language are major signals for Bitcoin—if you know where to look.

This isn’t just another crypto paper. It’s about how the U.S. is preparing for a monetary shift. 🧵👇 Image
Image
Let’s be clear: the Strategic Bitcoin Reserve is not being shelved or forgotten about.

The U.S. will “develop strategies that could be used to acquire additional bitcoin for the Reserve.”

This isn’t a pivot. It’s a continuation of a long-range monetary play. Image
How serious is it?

The report explicitly states:

“The bitcoin in the Reserve will generally not be sold and will be maintained as reserve assets of the United States…”

The same way nations treat gold reserves. Image
Read 8 tweets
Jul 30
Bitcoin just absorbed an $9B selloff—80,000 coins—without breaking stride.

But the real story isn’t the sale.
It’s what it confirms:

The largest holder rotation in Bitcoin history is almost complete.

Are you ready for what comes next? 🧵👇
Every bull run requires a rotation.

Old hands sell into strength. New buyers step in.

It’s the only way price can rise: supply has to change hands.

This is true for all assets—and especially Bitcoin.
This has been the biggest and longest rotation from old holders to new in Bitcoin’s history.

Over the past two years, deep conviction buyers—ETFs, corporates, treasury allocators—have absorbed supply at scale.

The old guard are being replaced by new titans with conviction. Image
Read 9 tweets
Jul 29
In 1970, the median home cost 2.5x the average annual income.
Today, it’s 6.6x.
That’s not lifestyle inflation.
That’s fiat theft. 🧵👇 Image
Minimum wage in 1971 was $1.60/hr.
Gold was $35/oz.
Work 40 hours = 1.83 ounces of gold.
Today, you earn 0.08 ounces for the same job.
The money didn’t lose value—the system took it from you. Image
This isn’t just about homes.
It’s everything:
• Wages flat since ’71
• Education and healthcare costs through the roof
• Housing pushed up by monetary premiums

Boomers locked in the gains. Gen Z inherited the bill. Image
Read 9 tweets
Jul 28
A Satoshi-era whale just sold 80,000 BTC—worth over $9 billion.

These coins sat untouched since 2011.

Now they’re gone.

And Bitcoin barely moved.

This is more than a sale. It’s the clearest signal of what’s coming next. 🧵👇 Image
Image
The coins came from 8 dormant wallets created in early 2011.

On July 4–5, they were consolidated. By July 18, the entire stack was sold—quietly—via Galaxy Digital.

No blockchain breadcrumbs. No market chaos.

Just clean execution of one of the largest exits ever. Image
Image
The total sale?

→ 80,201.98 BTC
→ Over $9B OTC
→ Fully absorbed by the market across major exchanges

For comparison: Germany sold 50K BTC this summer and triggered a 15% drop.

This sale? Price dipped 3.5%, then recovered in hours. Image
Read 10 tweets

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