Satoshi is definitely dead. He knew he was not going to live long after his final post about 'moving on'. I cannot prove this here, but do know his wallet accesses did not die with him. ~~~~

There was talk on the internet last spring about a few rich Islamic countries converting there hoards of gold and the US dollar into hoards of bitcoin. In June of 2024 Saudi Arabia didn't not renew contracts created in 1974 that created the 'petrodollar system'. This required Saudi Arabia to sell its oil exclusively in US dollars.

I think their first move just started when the Dubai stock market opened 40 minutes ago. One voice said that when they do convert, that they wanted to make a 'God Candle' on the candle charts so everyone would know, and remember, who bought the coin. A very nice tribute to Allah.

I try to HODL as much as I can on three fronts.

My TFSA is maxed out for 2025 with CA$100,000 in a bitcoin ETF that yields/dividends 11% average per year and pays it out in the 1st week of every month.

My RRSP has CA$110,000 of the same ETF.

Since I started buying it in early June, they are both up 5% or about CA$10,000. This figure is off because Friday's close was low for most bitcoin ETFs caused by the Galaxy FUD. In mid July, I also converted CA$62,000 in IBIT ETF to the yield ETF, this also sways the 5% profit figure.

I also have 0.076478 coin that I bought at average US$115,660.34. I had a lot more coin but sold it at a profit and put it in TFSA for tax purposes. That was approx CA$100,000 worth.

I 'day trade' bitcoin with a 20:1 margin account that has just over CA$20,000 in it. This means with a 50% margin limit, I can trade CA$200,000 in coin. I usually keep my margin below CA$60,000 in case of huge dips. I tried to buy my way out of several cascading dips in the last week of Feb/2025 and lost CA$31,000 in margin calls. A foolish, rookie mistake that I won't repeat. With CA$60,000 then I only need a 1.66% increase in bitcoin each day to make CA$100 each day. My best month this year was
January with $6780.85 in net trading profit. Since the trading account is offshore, I only need to pay taxes when I bring the money back to Canada. The $26,000 net loss for February will be a tax write off at the end of the year.

I have a CA$25,000 line of credit with one bank and hope to get CA$50,000 with another bank soon. When bitcoin dipped  in early April/2025, I tapped the full $25,000 to buy coin and then converted it back in a few days. $23.72 interest that netted me about $3,000 after I sold the coin again.

My HODL plan is to keep my chequing account just over $4,000 which is the low limit to get all the free services. My day trade account, I keep between $20,000 and $40,000. All income from pensions etc goes into actual coin. At the end of 2025, I will calculate how much coin I need to sell to put into the RRSP ETF for tax relief. I can also add another $7,000 to my TFSA ETF on Jan 1/2026.

If I need money in a hurry I have access to the $25,000 line of credit, $10,000 in paid off credit cards, and $12,000 in bitcoin as of July 26. If the markets are open and the price is up, I can also sell my $100,000 TFSA ETF shares. The $110,000 RRSP shares I would have to pay 10-20% tax on as soon as I withdraw the cash.

"On Thursday, July 24,2025, Bitcoin experienced a dip after news emerged of a dormant Satoshi-era wallet (inactive
since 2011) transferring a massive 80,000 BTC to Galaxy Digital."

I bought the dip and asked an AI if whales would recover the price by NYC open on Monday. The response was TDLR, but one line from her conclusion sums it up: "...the price is more likely to stabilize or see a modest recovery by Monday..." I have already made over CA$500 on this dip. My best dip this year was after the inauguration in January where I made over CA$4700 by the end of the week.

Another possibility is someone had lost their password or hard wallet and finally had the technology to recover it. It could have also been after a death in the family and a younger member found a way to access it. A 14 year old family feud of heirs could finally been settled with the death of one of them. It could have been  a skilled hacker using brute force software that somehow clicked after years. Hopefully we will hear in the next while. It is hard to spend that many billions of USD without getting noticed. Has anyone seen the 1983 Superman III movie with Richard Pryor in it? Hacker gets rich, buys a Porsche, and the hacked company notices the Porsche.

I asked an AI to clarify why many think the GENIUS Act will increase the value of the USD and bitcoin. The following is the response to the question:

"The GENIUS Act: Logic for Impact on US Dollar and Bitcoin Price

Question: Some say the 'GENIUS' act will raise the US dollar value and the price of bitcoin. What is the logic in this argument?

Answer:

The argument that the 'GENIUS Act' will raise the US dollar value and the price of Bitcoin is based on several key logical points related to its focus on stablecoins and the broader cryptocurrency market.

The "GENIUS Act" (Guiding and Establishing National Innovation for U.S. Stablecoins Act) was signed into US law by President Trump on July 18, 2025. It primarily establishes a federal regulatory framework for payment stablecoins—digital assets pegged 1:1 to the US dollar and backed by highly liquid, safe assets like cash and short-term US Treasury bills.

Here's the logic connecting the GENIUS Act to the US dollar and Bitcoin price:

Logic for Raising US Dollar Value / Strengthening Dollar Hegemony:

    Increased Demand for US Dollars and US Treasuries:

        Mandated Backing: The GENIUS Act requires stablecoin issuers to back their tokens 1:1 with high-quality, liquid assets, predominantly US dollars or short-term US Treasury bills.

        Increased Stablecoin Adoption: By providing regulatory clarity, consumer protection, and promoting responsible innovation, the Act is expected to significantly increase the adoption and usage of US dollar-pegged stablecoins globally.

        Direct Demand: As more US-issued stablecoins are minted and circulate, the demand for the underlying US dollars and US Treasuries (which back these stablecoins) will directly increase. Some projections suggest stablecoin issuers could become the largest holders of US Treasuries by 2030, surpassing even foreign central banks.

        Digital Dollar Rails: These regulated stablecoins act as "digital dollars" that can settle transactions faster and cheaper across borders, potentially making the US dollar the preferred digital currency for global payments. This reinforces the dollar's role as the world's reserve currency and dominant trading currency.

    Financial Stability and Trust:

        Mitigation of Systemic Risk: The Act's strict reserve requirements, segregation of reserves, and regular audits are designed to prevent "de-pegging" events (where a stablecoin loses its 1:1 peg) and reduce systemic risk within the crypto market.

        Consumer Protection: By ensuring stablecoin stability and providing clear redemption policies and priority for stablecoin holders in insolvency, the Act builds greater trust among users and institutions.

        Attracting Capital: This regulatory clarity and enhanced trust are expected to attract more institutional capital and traditional financial players into the US crypto market, further solidifying the dollar's position in the digital economy.

Logic for Raising Bitcoin Price:

    Regulatory Clarity as an On-Ramp for Institutional Capital:

        Reduced Uncertainty: The GENIUS Act is the first major federal legislation providing clear rules for a significant segment of the crypto market (stablecoins). This regulatory certainty reduces legal and compliance risks for large financial institutions, corporations, and traditional investors.

        Increased Access: With clearer rules, more traditional financial entities (banks, asset managers, pension funds, 401(k) plans) may feel more comfortable entering the crypto space, either by holding stablecoins for liquidity or by investing in Bitcoin directly or through regulated Bitcoin ETFs.

        "De-risking" the Ecosystem: Stablecoins are often the primary trading pair for Bitcoin on exchanges (e.g., BTC/USDT, BTC/USDC). A stable, regulated, and trusted stablecoin ecosystem makes it safer and more efficient to trade in and out of Bitcoin, removing a layer of risk for large players.

    Enhanced Liquidity and Market Infrastructure:

        Efficient Trading Pairs: As more compliant US dollar-pegged stablecoins circulate, they provide a more robust and liquid "digital dollar" for trading against Bitcoin. This can lead to more efficient price discovery and tighter spreads.

        Foundation for Broader Integration: The Act is seen as a foundational step for broader crypto integration into traditional finance. If stablecoins become widely used for payments and settlement, it implicitly strengthens the infrastructure for other digital assets like Bitcoin.

    Positive Market Sentiment:

        Legitimization: The passage of federal legislation signals a maturation and legitimization of the cryptocurrency industry in the eyes of many investors and policymakers.

        "US Leadership" Narrative: The US government's stated goal of becoming a leader in digital assets (as articulated by President Trump) creates a positive narrative that can attract investment, benefiting the leading crypto asset, Bitcoin.

        Analyst Projections: Some market analysts and crypto advocates, like those from CryptoQuant and Crypto Consulting Institute, have directly linked the GENIUS Act to Bitcoin's recent surge past $123,000 and have set ambitious future price targets, attributing this partly to the newfound stablecoin clarity.

In essence, the argument is that by regulating stablecoins, the GENIUS Act enhances the trust, stability, and utility of the digital US dollar. This not only strengthens the US dollar's position in the global digital economy but also acts as a crucial on-ramp and legitimizing force for the broader crypto market, leading to increased institutional adoption and, consequently, a higher price for Bitcoin."

The GENIUS Act: Logic for Impact on US Dollar and Bitcoin Price

Question: Some say the 'GENIUS' act will raise the US dollar value and the price of bitcoin. What is the logic in this argument?

Answer:

The argument that the 'GENIUS Act' will raise the US dollar value and the price of Bitcoin is based on several key logical points related to its focus on stablecoins and the broader cryptocurrency market.

The "GENIUS Act" (Guiding and Establishing National Innovation for U.S. Stablecoins Act) was signed into US law by President Trump on July 18, 2025. It primarily establishes a federal regulatory framework for payment stablecoins—digital assets pegged 1:1 to the US dollar and backed by highly liquid, safe assets like cash and short-term US Treasury bills.

Here's the logic connecting the GENIUS Act to the US dollar and Bitcoin price:

Logic for Raising US Dollar Value / Strengthening Dollar Hegemony:

    Increased Demand for US Dollars and US Treasuries:

        Mandated Backing: The GENIUS Act requires stablecoin issuers to back their tokens 1:1 with high-quality, liquid assets, predominantly US dollars or short-term US Treasury bills.

        Increased Stablecoin Adoption: By providing regulatory clarity, consumer protection, and promoting responsible innovation, the Act is expected to significantly increase the adoption and usage of US dollar-pegged stablecoins globally.

        Direct Demand: As more US-issued stablecoins are minted and circulate, the demand for the underlying US dollars and US Treasuries (which back these stablecoins) will directly increase. Some projections suggest stablecoin issuers could become the largest holders of US Treasuries by 2030, surpassing even foreign central banks.

        Digital Dollar Rails: These regulated stablecoins act as "digital dollars" that can settle transactions faster and cheaper across borders, potentially making the US dollar the preferred digital currency for global payments. This reinforces the dollar's role as the world's reserve currency and dominant trading currency.

    Financial Stability and Trust:

        Mitigation of Systemic Risk: The Act's strict reserve requirements, segregation of reserves, and regular audits are designed to prevent "de-pegging" events (where a stablecoin loses its 1:1 peg) and reduce systemic risk within the crypto market.

        Consumer Protection: By ensuring stablecoin stability and providing clear redemption policies and priority for stablecoin holders in insolvency, the Act builds greater trust among users and institutions.

        Attracting Capital: This regulatory clarity and enhanced trust are expected to attract more institutional capital and traditional financial players into the US crypto market, further solidifying the dollar's position in the digital economy.

Logic for Raising Bitcoin Price:

    Regulatory Clarity as an On-Ramp for Institutional Capital:

        Reduced Uncertainty: The GENIUS Act is the first major federal legislation providing clear rules for a significant segment of the crypto market (stablecoins). This regulatory certainty reduces legal and compliance risks for large financial institutions, corporations, and traditional investors.

        Increased Access: With clearer rules, more traditional financial entities (banks, asset managers, pension funds, 401(k) plans) may feel more comfortable entering the crypto space, either by holding stablecoins for liquidity or by investing in Bitcoin directly or through regulated Bitcoin ETFs.

        "De-risking" the Ecosystem: Stablecoins are often the primary trading pair for Bitcoin on exchanges (e.g., BTC/USDT, BTC/USDC). A stable, regulated, and trusted stablecoin ecosystem makes it safer and more efficient to trade in and out of Bitcoin, removing a layer of risk for large players.

    Enhanced Liquidity and Market Infrastructure:

        Efficient Trading Pairs: As more compliant US dollar-pegged stablecoins circulate, they provide a more robust and liquid "digital dollar" for trading against Bitcoin. This can lead to more efficient price discovery and tighter spreads.

        Foundation for Broader Integration: The Act is seen as a foundational step for broader crypto integration into traditional finance. If stablecoins become widely used for payments and settlement, it implicitly strengthens the infrastructure for other digital assets like Bitcoin.

    Positive Market Sentiment:

        Legitimization: The passage of federal legislation signals a maturation and legitimization of the cryptocurrency industry in the eyes of many investors and policymakers.

        "US Leadership" Narrative: The US government's stated goal of becoming a leader in digital assets (as articulated by President Trump) creates a positive narrative that can attract investment, benefiting the leading crypto asset, Bitcoin.

        Analyst Projections: Some market analysts and crypto advocates, like those from CryptoQuant and Crypto Consulting Institute, have directly linked the GENIUS Act to Bitcoin's recent surge past $123,000 and have set ambitious future price targets, attributing this partly to the newfound stablecoin clarity.

In essence, the argument is that by regulating stablecoins, the GENIUS Act enhances the trust, stability, and utility of the digital US dollar. This not only strengthens the US dollar's position in the global digital economy but also acts as a crucial on-ramp and legitimizing force for the broader crypto market, leading to increased institutional adoption and, consequently, a higher price for Bitcoin.

Some are worried that if transactions don't increase then the 'security budget' will suffer. I had an AI create a white paper to help the masses use bitcoin for most transactions and save capital gains tax. It is written for Canada, but should work in most countries. Much coin is ending up in company treasuries that should never sell and ETFs that buy/sell, and do have flow. If we can increase ETF flows then the underlining coin will transact. We may even see a pattern of outflow at the end of each month to pay rent and mortgages and then inflows on the 1st, 15th, and Friday paydays.

All the links are to the same PDF in case some don't work for you. You only need one.


https://anyflip.com/mukdj/ggfg/

https://online.fliphtml5.com/fdgtk/yluo/#p=1

https://pubhtml5.com/xkodn/coxw/

https://www.scribd.com/document/875528422/New-bitcoin-transaction-system

https://green-kym-92.tiiny.site/

The biggest bitcoin whales will soon be 1. ETF holders, 2. Company treasuries, 3. Sovereign strategic reserves.

They are all running out of coin to buy at a good price. The LTH (long term holding) whales will still sell for profit. Once they realize that any coin they sell will never be bought back at a better price, then they will need to follow 'our' whale control.

Once ETFs are a bigger holder, then a 'white paper' that was written by an AI will make bitcoin daily transactions fast and almost capital gain tax free. The links to download the PDF are at the bottom of this post. They are all to the same PDF, so you only need to download from one link. I gave the AI some basic input for Canada, others can input to an AI for their countries.

The premise is simple: A. Most countries charge capital gains tax on bitcoin profit when you convert to FIAT for most transactions. B. Most countries have tax protected/deferred account options, but the coin needs to be in ETFs. C. If you have ETFs then you basically have a 'bitcoin certificate', the ETF is backed up by actual coin and that is the law in all ETF countries. It's like back in the day, a British pound sterling note was worth a pound of silver in actual bullion. When we went off the gold standard, governments started 'printing money'. ETFs should never go off the bitcoin standard, because everyone would sell them and buy actual coin.

Where our control lies: A. We have the coin, and bitcoin ETF whales will need to buy it from us. B. If they offer ETFs at a discount for bitcoin, as opposed to FIAT, then it will be win/win. They get coin cheap, we get ETFs cheap. This is called an 'in kind' transaction.

I know many of you want to HODL your coin until it goes past the moon, but do the math on the capital gains tax. I sold about $100,000 in coin and bought tax protected ETFs. Once my TFSA was maxed, then I started buying coin again. I retired on July 2/2025 so my taxable income will be low this year. Before the tax deadline for TFSA, I will pull out most of it for 2025. On Jan 1/2026, I can put that whole amount back in to grow for another year, tax free. I can also buy actual coin with it.


Links to tax free/deferred transaction system:

https://anyflip.com/mukdj/ggfg/

https://online.fliphtml5.com/fdgtk/yluo/#p=1

https://pubhtml5.com/xkodn/coxw/

https://www.scribd.com/document/875528422/New-bitcoin-transaction-system

https://green-kym-92.tiiny.site/

~~~~

I asked an AI a while ago about 'using centuries/decades old methods to predict bitcoin price'. The conclusion at the end of the TLDR answer was 50/50. BTCUSD price is still largely effected by the news, Trump's mouth, etc.

The US bombed Iran on June 21/22. On Sunday the 22nd, most of NYC raced to their offices to sell bitcoin on secure servers and crash the price. Asia opened Sunday evening at about 7pm NYC time and bought much of it back. Europe bought even more and by the time NYC closed Monday the 23rd, the price was 2200 higher than closing on Friday the 20th. https://imgur.com/zHs1gzo

If someone wants to list all the possible indicators going back to the Louisiana and Tulip bubbles; then ask 5-8 AI which ones have been most correct for bitcoin since 2016ish. Ask it to add any new indicators created since bitcoin became popular as a commodity.

I should simplify my post #10 to fit into a future using bitcoin for daily transactions. First there were shells, then beads, and then livestock etc. Then came copper/bronze coin. Gold was the longest lasting standard until the early 70's. US.gov gold value is pegged at $42.2222 for 261,498,926.2 troy ounces. The price was set by The Gold Reserve Act of 1934 ($35.00), which made it illegal to own bullion, and then adjusted by Congress in 1973 when the US left the gold standard. Between 1934 and 1973; US dollars were actually paper gold that made transactions easy and legal. If they sold that 261M ounces for $3500 they could buy 9M bitcoin at $100,000, or almost 1/2 the future total.

The current 'paper bitcoin' are ETFs. They should evolve over time to only a few of the best. Just like the Swiss franc and the US dollar did. Blackrock holds 3.25% of all mined bitcoin, and total ETFs hold a over 6%. These numbers go up and down with ETF inflows and outflows. Investment companies are sized by AUM, assets under management. This means they are managing actual coin and we, as ETF owners, actually control it. This was all laid down by the SEC when it approved bitcoin ETFs in Jan/2024. Governments should enable their bitcoin reserves to perform similar to ETFs. Issue shares and the share owners can use a card or app that withdraws and then coverts to local currency at the current rate. As people 'cash' their ETFs at the end of the month to pay most bills, the price will dip. When they get paid on the 1st and 15th, then they buy back and the price goes up.

When I was paid direct deposit every Friday, the funds would transfer between about 12:01 and  2:00am. Everyone would run tabs at the bar and pay at closing; or use credit cards if they left before 'paytime'. Since ETF markets don't open until 9am local then the prices should 'pump and dump' every Friday morning on ETFs and therefore bitcoin. Volatile still, but at least it will be predictable.

I have three different ETF: iShares Bitcoin ETF - CAD, Purpose Bitcoin Yield ETF - CAD ETF Non-cur Hedged, and Evolve Bitcoin ETF. IBIT was was my 1st because it had a good rep. I then went to BTCY.B because it pays average 11% yield/dividend in monthly instalments. On July 3 my payout was CAD$1,295.12. EBIT, I just bought after it was too late to buy BTCY.B for the July 3 yield.

BTCY.B holds bitcoin but exercises 'covered call' options. https://www.investopedia.com/terms/c/coveredcall.asp  It seems I only need to hold the shares for the 'record' date to get the payout about 10 days later. On July 23-25, I may convert more shares to BTCY.B and then convert back after my ownership is recorded.

Paper like the Confederate dollar and German mark dove badly after they lost wars. Collectors still have 5 trillion Mark stamps issued by Germany in 1923. ETFs can't do this because the law states they need digital gold (bitcoin) to back up their digital money (ETFs). Since paper money is only used by criminals now (hookers will take plastic) we will never see paper bitcoin; it will be replace by ETF cards, tap apps, etc.

I had an AI write a white paper on how to use crypto for transactions in any fiat currency with tax savings in mind. Since crypto ETFs came out their value seems to accurately track the underlying coin. The problem here in Canada is that any profit made when actual bitcoin is sold is capital gains taxed.

I will paste links to the PDF output from a few PDF sites. All the PDF are the same in case one site doesn't download for you. If a mod knows how to insert a PDF then feel free to do so and delete my links.

I have recently sold all my bitcoin, about CAD$100,000 worth, and bought 3 bitcoin ETFs. https://imgur.com/FLUGlOJ The prices were down that day, July 4, because NYC was closed but the Canadian markets were open where my funds are. My TFSA is maxed out for 2025 and my RRSPs will be beefed up before the deadline for 2025 depending on my income for the year. I finally retired for the 2nd time on July 2nd. They may still drag me out of retirement, as I have a while yet before I turn 65. I only made about $1400 'day trading' bitcoin in June. I have pumped up my margin and hope to get back to the $3,000/month target I made a few times the last time I retired. Since my day trade account is offshore, I only pay tax on the funds I bring back to Canada.


https://anyflip.com/mukdj/ggfg/

https://online.fliphtml5.com/fdgtk/yluo/#p=1

https://pubhtml5.com/xkodn/coxw/

https://www.scribd.com/document/875528422/New-bitcoin-transaction-system

https://green-kym-92.tiiny.site/

He will just DOGE the whole non-elected, Dem loaded, court.

https://imgur.com/jqx5fMA

Read before 7pm NYC time Thursday.

https://imgur.com/jqx5fMA

https://imgur.com/jqx5fMA

How do I upload an image?

Try to look at the links before 7pm NYC time, Thursday.

Court denies Mr. Trumps use of 1977 law to create tariffs. Ruling timestamp is before 8:42pm Wed evening. Japan was the only major market at their trading terminals. When NYC gets to their trading terminals at 7:59am Thursday, all markets should go up. Asia and Europe have had a head start on FIAT and commodities. Gold is already down and bitcoin is slowly climbing.

https://cointelegraph.com/news/imf-el-salvador-no-voluntary-bitcoin-accumulation-public-sector Now the IMF is trying to move the goalposts. Not letting them buy anymore. Elon Musk should just take over the $1.5B IMF loan.

This bulletin board seems to be far too passive. Responses are Mom's basement crap. Grow some brass and fight for the coin and stop beaking off about the coin will be fine without massive spam warfare.

" you win by influence " means we paste them all over the interweb. Start by creating as many Wikipedia accounts as you can and spam all the articles you can, including the BLP ones. Eventually mainstream media will publish and many will jump on the 'fix IMF' bandwagon. I have made so much influence in Wikipedia that they range blocked 1/2 the IPs in my city. Reset is in about 2 mos because their range blocks have a time limit.

The WMF messed up El Salvador. They agree with store of value but bladed them for use as currency. Google it yourselves and create battle plans here.

I live in Langley City, Canada, if anyone wants to couch surf and take transit to watch the Vancouver games.