On this episode of The Bitcoin Beat we address the recent collapse of the Libra Meme coin in Argentina, highlighting the persistent volatility in speculative assets. We examine the Lazarus Group’s $1.4 billion Ethereum theft from Bybit, attributed to North Korean hackers, and consider its implications for cryptocurrency security. Turning to Bitcoin, we analyze its recent decline to $88,000, noting the bearish sentiment on X. Despite this, we remain optimistic, citing catalysts like MicroStrategy’s $2 billion acquisition, legislative moves toward state-held Bitcoin reserves, and innovative banking practices using Bitcoin as loan collateral. We also explore GameStop’s potential pivot to Bitcoin, spurred by CEO Ryan Cohen’s signals, and question whether it—or even the hackers’ ETH-to-BTC conversion—could bolster this market cycle. We have a detailed discussion on MicroStrategy follows, countering NAV bear arguments by emphasizing its strategic value beyond mere Bitcoin holdings. Finally, we delve into Microsoft’s Majorana chip, leveraging topological superconductors to stabilize quantum qubits—a breakthrough rooted in complex physics, potentially years from realization. Visit us at suresats.com and find us on X @suresats for more.
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