Swan Profile picture
Aug 12 10 tweets 5 min read Read on X
Every few centuries, the world changes its money.

Those who adapt, prosper.
Those who don’t… get left behind.

We’re living through the next shift right now—and most people won’t see it until it’s over. 🧵👇 Image
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Early money was local.

Cowrie shells in Africa. Wampum beads in North America. Rai stones on Yap Island.

These worked—until trade expanded and weight, transport, and verification became bottlenecks. Image
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Metals solved those problems.

Gold, silver, and copper were durable, divisible, and universal.

They were money not because rulers declared it, but because the market converged on them. Image
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Then came a twist:
Paper notes redeemable for gold.

Easier to carry. Easier to transfer. But they relied on trust that the gold was still there.

This trust was tested—and eventually broken—over and over. Image
Image
By 1971, the gold standard was gone.

Money became purely fiat: backed by nothing but law and confidence.

It could be created in unlimited quantities—and it has been—driving 50 years of relentless asset inflation. Image
Today, money is just numbers in databases—moved at the speed of light.

But the base layer is still political. Centralized. Inflatable.

It’s built for the issuer, not the user. Image
Bitcoin is the first upgrade in 50 years.

It’s global like the internet. Scarce like gold. Verifiable without trust.

No king, bank, or government can change its rules.
We’ve shifted our monetary substrate before.

From beads to gold. Gold to paper. Paper to digital fiat.

The next leap—to Bitcoin—isn’t just likely. It’s already underway. Image
History shows one truth:

When better money emerges, it wins. Not overnight—but inevitably.

This thread was based on the brilliant book “Broken Money” by Lyn Alden. Image
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At Swan Private, we help high-net-worth individuals and businesses make that leap—securely stacking and storing Bitcoin for the long term.

If you’re ready to position yourself for the next era of money, book a call with a member of the team today.
swanbitcoin.com/private?utm_ca…

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More from @Swan

Aug 13
Trump just opened the door for Bitcoin in U.S. 401(k) retirement accounts.

That’s $8.7 TRILLION in savings.

Here’s what it means—and why it could reshape Bitcoin’s path over the next decade. 🧵👇 Image
Image
The executive order directs the Department of Labor to re-examine rules on “alternative assets” in employer-sponsored retirement plans.

Translation:
• Bitcoin ETFs
• Potential direct Bitcoin exposure
• More investment freedom Image
Image
Don’t expect to see “Buy Bitcoin” in your 401(k) menu tomorrow.

Providers will need months—maybe years—to work through:
• Fiduciary rules
• Compliance frameworks
• Investment menus

But the door is open. That’s what matters. Image
Read 10 tweets
Aug 11
Bitcoin Treasury Companies: The Quiet Superweapon Reshaping Global Capital 🧵

To the untrained eye, Bitcoin treasury companies look like fiat-finance cosplay.
Leverage? Debt? Derivatives?
Sounds like Wall Street LARPing with Bitcoin branding.

Then Preston Pysh explained what they really are. Everything changed.Image
He didn’t just explain how they work.
He explained what they are.
Not scams. Not distractions. Not detours.
Bitcoin treasury companies are super spreaders - engineered to infect legacy capital markets with Bitcoin.
These aren’t get-rich-quick shells.
They’re transmission systems.
Multi-gear machines designed to accumulate BTC across every macro cycle:
• Loose credit? Issue debt.
• Tight credit? Raise equity.
• Always stack. Always adapt.
Saylor’s strategy isn’t improvisation - it’s mechanical design.
Read 15 tweets
Aug 6
Tucker Carlson just interviewed the most dangerous economist in the world.

Dr. Richard Werner exposed the secret fuel behind inflation, war, and inequality.

Another billboard for Bitcoin—whether he said the word or not.

Here are 9 truths they never wanted you to hear: 🧵👇 Image
Truth #1: Banks don’t lend your savings.
They create new money out of thin air—by issuing credit.

“Banks are not financial intermediaries… they create money out of nothing.”

Every mortgage, car loan, and student debt creates brand new dollars.

This is fiat’s engine.
Truth #2: Inflation isn’t an accident. It’s engineered.

“Bank credit for consumption is inflationary… and that’s what we had in 2021–2022.”

The system requires constant credit growth to stay afloat.
That means prices must rise.
Forever.
Read 10 tweets
Aug 5
Strategy(MSTR) just posted:

• $14B operating income
• $10B net income
• $32.60 EPS

And yet… it trades at a P/E of 4.7x.
That’s lower than 495 companies in the S&P 500.

Here’s what Wall Street still doesn’t get about MSTR 🧵👇 Image
Image
This isn’t just a high-performing company.

Strategy is on pace to generate $80 EPS this year.

That’s on just 112M outstanding shares, with most of the value tied directly to BTC.

But the market still doesn’t price it like a Bitcoin proxy—or a tech firm. Image
Strategy now holds 628,791 bitcoin. At current prices, it’s worth over $74B.

How much is that, really?

More than every other public company combined.
More than any single nation-state has ever disclosed.
Roughly 3% of total supply—in one ticker.

And they’re still buying. Image
Read 10 tweets
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

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