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Trump vs Elon - Good for Bitcoin?
This one is JUICY. Buckle up.
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🥩 Trump and Elon are Beefin'
After dedicating time and resources to helping get Trump elected and uncovering massive amounts of waste and fraud in the US government, this week, Elon Musk expressed his frustration at Trump's new spending bill, which actually increases government spending.
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12:31 PM • Jun 3, 2025
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He spent the second half of the week calling out politicians, including Trump, and warning about the dangers of government overspending.
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10:46 AM • Jun 5, 2025
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I had never even heard the term "debt slavery" outside of Bitcoin circles, but that is exactly what Elon Musk is warning against - a society where labor is dedicated primarily to paying debt payments for prosperity that had been transferred from the future to the present, in the past. ie, a society where the prosperity of the day had already been consumed in the past, using debt.
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11:7 AM • Jun 4, 2025
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12:50 PM • Jun 4, 2025
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Bitcoiners love seeing mainstream, influential voices sharing messages that end up pointing toward the adoption of Bitcoin as money. Elon didn't go all the way to that conclusion, but many hope that that's what's coming.
Why would Elon adopt Bitcoin? Because he sees the truth in Lyn Alden's popular meme: "Nothing Stops This Train." (here's her talk by that name from the Las Vegas conference). That is, a smaller government budget is helpless to prevent what's coming. At this point, the money printer will have to fire up to address the massive government debt - spending cuts won't make a dent.
Trump agreeing with Elizabeth Warren pretty much says it all - the federal government will always want to spend more.
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Cory Klippsten 🦢 Swan.com
@coryklippsten
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3:0 PM • Jun 5, 2025
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David Bailey🇵🇷 $1.0mm/btc is the floor
@DavidFBailey
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2:33 PM • Jun 5, 2025
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FiatHawk - Bitcoin is Hope
@FiatHawk
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6:57 AM • Jun 6, 2025
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🧐 A Closer Look at Fiat Impoverishment
The aliens think we are ridiculous, as they discuss in this very funny video
When comparing income to gold, that shiny rock that has tended to maintain steady value over time relative to goods and services, our incomes today are a fraction of what they were when Nixon severed the tie of the dollar to gold. Fiat is a tool for extracting wealth from society for those closest to the money printer. OPT OUT
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FiatHawk - Bitcoin is Hope
@FiatHawk
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7:38 AM • Jun 5, 2025
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The above tween is much longer than the preview shows. Click through to read the analysis
☄️ Extraordinary Times! Be Good
I'm likely not introducing you to this conclusion, but it is worth re-iterating: we are living through a global societal transformation, where the amount of change will only accelerate.
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9:29 PM • Jun 3, 2025
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(full tweet)
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10:33 AM • Jun 5, 2025
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🏴☠️ Bitcoin Treasury Companies
One of the hottest trends in Bitcoin these days is the publicly traded companies announcing their initiatives to acquire as much Bitcoin as possible. $MSTR, $SMLR, $KULR, $MTPLF, and more are aggressively leveraging public capital markets to acquire funds to buy Bitcoin. How do you value such a company's stock? Traditional metrics like price-to-earnings are wholly inadequate to express the value of these companies. Adam Livingston offers an interesting analysis in this thread
The jist: look at how much time it takes the company to acquire the bitcoin that would cover the stock price premium over the value of their Bitcoin.
Enjoy the weekend, my friends! Happy Hodling.
✌️Bill
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PS
If you haven't already, check out Swan's free Welcome to Bitcoin course. In one hour of high quality video content, Natalie Brunell covers the essentials of Bitcoin - the things you need to understand about its role in the world. You can enroll in the course at https://swan.com/welcome, or watch the first 15 minute video on YouTube: https://www.youtube.com/watch?v=sZvhLDWjD_I&t=44s
Another great place to start is a 40 minute video called "What's the Problem", motivated by the notion that we can't understand the solution (ie Bitcoin) if we don't really understand the problem it solves. The video is on YouTube:
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Feeling a little more than casual? Want to dive in deeper?
Here is a list of resources to take the next step with your personal Bitcoin learning journey:
Books:
- The Genesis Book - Bitcoin didn’t come out of nowhere; intellectual movements in economics and cryptography converge after decades of development in each, the result being Bitcoin. This book details Bitcoin’s prehistory, and is my favorite Bitcoin book
- Inventing Bitcoin - a narrative, progressive approach to building Bitcoin as a superior money, one feature at time, to help the reader understand how features of Bitcoin solve problems of money. *FREE* ebook download
- Gradually Then Suddenly - a clear, logical walkthrough, understandable by beginners, of the case for Bitcoin as money - how the technology works conceptually, how and why it will win, and why this is good for the world
- The Price of Tomorrow: Why Deflation is the Key to an Abundant Future - not a book about Bitcoin per se, but this book and this author are some of the most popular in the space. The book explains the roles of technological advancement and inflation/deflation in creating scarcity/abundance in society
- The 7th Property: Bitcoin and the Monetary Revolution - takes an accessible, casual tone to the topics of monetary economics, the history of central banking in the West, and how Bitcoin works
- The Bitcoin Standard: The Decentralized Alternative to Central Banking - the most popular book in Bitcoin, this book takes a relatively academic lens to the same topics as the 7th Property, with a significantly lighter treatment of Bitcoin itself
- A Progressive's Case for Bitcoin: A Path Toward a More Just, Equitable, and Peaceful World - imo not necessarily the best book on the list, but a thorough exploration of the ways that, even apart from what economic theory tells us about sound money's contribution to societal prosperity, Bitcoin makes for a better world
- Check Your Financial Privilege: Inside the Global Bitcoin Revolution - a compilation of essays by Human Rights Foundation's Alex Gladstein about the role that Bitcoin will play in liberating a world where more than 50% of people live under tyrants.
Podcasts:
- What Bitcoin Did - The most popular show with the most popular guests, topics range from developments in Bitcoin, the Bitcoin community, macroeconomics, and politics
- Preston Pysh - Covers the same topics with similar guests as What Bitcoin Did, though a little more technically advanced
- High Hash Rate - Very casual conversations about Bitcoin and Bitcoiners, usually making interesting connections to other areas of life and society. The connection-making is likely facilitated by the fact that the hosts are often high for the show
- Swan Signal - Covers recent developments in Bitcoin, leaning more toward markets and price action
Youtube Channels:
- Bitcoiner University - 10 minute videos deep diving on specific topics in Bitcoin and in relevant current events
- BTC Sessions - Perhaps the most important resource on this list, BTC Sessions does video tutorials on how to use Bitcoin and different Bitcoin tools like hardware wallets, running a Bitcoin node, etc
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