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Bitcoin treasury holdings are going mainstream

Companies and countries alike are getting off of zero BTC

Joe Consorti

May 29

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Good morning TBL Readers,

It’s an action-packed one today.

Washington D.C. has increasingly morphed into the epicenter of bitcoin ecosystem news over the last several weeks, ramping up earnestly toward the end of last week when former President Donald Trump spoke at the Libertarian National Convention:

I will ensure that the future of crypto and the future of bitcoin will be made in the USA, not driven overseas. I will support the right to self-custody.

To the nation’s 50 million crypto holders I say this: with your vote, I will keep Elizabeth Warren and her goons away from your bitcoin. And I will never allow the creation of a Central Bank Digital Currency.

Here’s the full-length clip. Listen to the elated uproar this generated from the crowd:

We’re not a political outlet—we’re a bitcoin and global macro research firm. This development has sweeping implications for how bitcoin as an asset and network is treated here in the United States and therefore how capital allocators will position themselves. In today’s post, we cover:

Trump’s bitcoin strategy as an aid for the US’ $35-trillion national debt problem
Why the US debt problem is so bad that the only way out is to print money
A tsunami of companies are buying bitcoin for their treasuries...

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