David Sacks just said the quiet part out loud
The GENIUS Act was written by the banking industry to keep stablecoin issuers uncompetitive with legacy system products
$MSTR is trading at over 3x it's bitcoin holdings. So the question is, would you rather:
A) pay $280,000 for a share of ownership of an equity that owns a Coinbase account which owns a legal IOU to 1 BTC
OR
B) pay $93,000 to own 1 BTC in self custody
My theory for why 26.9 #BTC was sent to Satoshi:
I think someone (probably nChain) who doesn't like Craig Wright, owes him money, but instead of wiring him a check, just sent it to the bitcoin address he "claims" to control to troll him
#Bitcoin got even more scarce, 26.9 #BTC tipped to Satoshi!
The transaction's destination, 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa, links back to the P2PKH address associated with the public key that received the genesis block reward
h/t @__B__T__C__