Welcome to another episode of Bitcoin Beat! In this jam-packed session, we dive into some of the most pressing topics in the Bitcoin world as of March 16, 2025. Here’s a summary of what we covered:
We kick things off with a discussion about Cynthia Lummis’s newly introduced Bitcoin Act of 2025 in Congress. We get into the nitty-gritty of the legislation, exploring its implications for a Strategic Bitcoin Reserve, including the proposed million-Bitcoin purchase program over five years and a 20-year minimum holding period. We weigh the pros and cons, like the innovative use of time locks to secure the reserve and concerns about asset seizure precedents, while noting the strategic chess moves—like gold revaluation—that might just get this bill across the finish line.
Next, we shift gears to reflect on Bitcoin’s current market mood. Despite monumental developments like the U.S. adopting a Strategic Bitcoin Reserve and ETF inflows soaring over the past 14 months, we’re sitting in the $70K-$80K range after dropping from a high of $109K. We unpack why the price hasn’t reacted as expected, touching on macro pressures like tariffs and a risk-off environment, as well as the learning curve for new institutional and Boomer investors grappling with Bitcoin’s “digital gold” identity.
Then, we couldn’t resist diving into the wild tale of Josh Mandel, Bitcoin Twitter’s latest mystic. We recount how this former Ohio treasurer turned options trader nailed a prediction of Bitcoin hitting $84K on March 14—down to the exact date and nearly the exact price. His cryptic talk of time travel and multiversal timelines has us both intrigued and skeptical, but we admit it’s entertaining as hell. We’ll be watching to see if his next call—$100K by month-end—pans out.
We also touch on some Bitcoin shitcoinery with Taproot Wizards. We revisit the saga of their NFT minting antics, from million-dollar block buys in 2023 to this week’s $32M cash grab at 0.2 BTC per wizard. We debate the ethics and market appetite for these pricey JPEGs, noting the dwindling participation as a barometer of fading hype in this space.
Finally, we wrap up with a look at Bitcoin bonds, sparked by a recent Bitcoin Policy Institute event. We explore a proposal where bonds could include a Bitcoin kicker—lowering yields for the government while giving everyday Americans a volatility-free way to stack sats. It’s a bullish idea that could bridge Bitcoin to the mainstream, and we’re excited to see where it leads.
Thanks for tuning in! Find us on X at
@SureSATs
and visit us at suresats.com for more. Until next time, keep stacking those sats! Peace!
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