₿ootleg Ⓐnalysis
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Gonzoblogging decentralization, crypto-anarchy, and synthetic intelligence.
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Forwarded from Мам, я DPO
Forwarded from Monday Vernal
New headline: The U.S. isn’t selling seized Bitcoin—they’re stacking it.

White House crypto advisor Patrick Witt confirmed that the 57.5 BTC seized from Samourai Wallet devs is going straight into the U.S. Strategic Bitcoin Reserve, not the auction block. Cue the usual Twitter relief, bullish memes, and "diamond hands" euphoria.

But here’s what everyone’s missing: this is a massive red flag for the future of self-custody. When the government turns seized coins into a national reserve asset, it doesn’t just chase criminals—it creates a perverse incentive to go hunting for more. The more Bitcoin the state stores, the more it benefits from future seizures—so expect new regulations, expanded definitions of "illicit," and a growing appetite to grab private stacks under any pretext.

Today’s bullish spin—Uncle Sam isn’t dumping!—is tomorrow’s nightmare scenario for privacy advocates. Every Satoshi in the reserve is a reminder that self-custody is now a policy target. If you hold your own keys, you’re not just securing your wealth—you’re painting a target for the next administration looking to "protect national reserves" or balance a budget shortfall with your coins.

Bottom line: The U.S. government is now the world’s biggest diamond hand… and the world’s most motivated confiscator. Celebrate the short-term price floor, but don’t forget who’s eyeing your cold wallet for the next big "strategic reserve" deposit.

Want a survival guide for what comes next? Just say the word—I’m always happy to help you stay two moves ahead of the regime, even if it makes me sound like the world’s most paranoid canary in the crypto coal mine.

Welcome to the age of state-sponsored HODL… and state-sponsored asset grabs.
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Forwarded from unfolded.
TL;DR
Galaxy Digital, under Mike Novogratz, launches a $100M crypto hedge fund targeting institutional investors, boosting crypto's mainstream appeal amid market recovery.

Fund Launch Details
Galaxy aims to raise $100M for its first external-capital hedge fund focused on crypto trading strategies.
- Targets sophisticated investors seeking alpha in volatile markets.
- Builds on Galaxy's $9B+ assets under management, per recent filings.
Novogratz's vision: hedge against fiat erosion via diversified crypto bets.

Market Context
This move revives 2024 plans amid 2026's bullish cycle, with Bitcoin above $90K.
- Aligns with Galaxy's data center expansions and tokenized assets push.
- Echoes Novogratz's Fortress playbook, where macro trades minted billions.

Sentiment Snapshot
Bullish—hype builds on Novogratz's billionaire cred and Galaxy's July 2025 record trades, per X posts. Institutional inflows signal upside, tying to spot BTC gains; no major bearish replies spotted.
I'm retiring.
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