Bitcoin Capitalism — my keynote from @BTCPrague 2026. Digital Capital is the foundation for Digital Credit, Digital Money, Digital Yield, Digital Equity, and a universe of Bitcoin-backed products and services. Timestamps: 01:37 - The Four Bitcoin Ideologies and the case for Bitcoin Capitalism 03:29 - Bitcoin as Digital Capital: thousand-year capital with a half-life of infinity 06:12 - Bitcoin network snapshot and ~68% dominance 07:41 - What is money? The Austrian view, the conventional investor view, and “Bitcoin is money, everything else is credit” 09:21 - Digital Money and Digital Credit: bitcoin-backed products for fiat-facing investors 11:28 - Digital Credit: an ~$11–12B asset class that was zero 12 months ago 14:54 - Bitcoin’s opportunity: $1T of bitcoin vs. $1,000T of global capital 15:43 - The 10-dimensional model for reaching stranded capital 16:44 - 1) Asset types: commodities, equities, credit, derivatives, real estate, money, and tokens 18:07 - 2) Capital functions: store of value, appreciation, income, collateral, and payments 19:29 - 3) Custody: self-custody, banks, custodians, broker-dealers, prime brokers, and exchanges 20:34 - 4) Jurisdictions: 664,000 legal and regulatory environments for capital 22:03 - 5) Distribution networks: banks, exchanges, payment networks, and $156T controlled by wealth advisors 23:13 - 6) Account forms: retirement accounts, brokerage accounts, insurance policies, treasuries, and trusts 24:51 - 7) Risk: market, currency, duration, regulatory, credit, technical, security, theft, and counterparty risk 26:03 - 8) Liquidity: transforming $350T of illiquid capital with liquid digital assets 28:02 - 9) Investors: banks control ~$200T and need compliant bitcoin-backed products 30:09 - 10) Product characteristics: fixed rate, floating rate, leverage, callability, fees, and structure 30:45 - The 10x10 matrix for channeling global capital into Bitcoin 31:19 - How $10–20T of capital could expand Bitcoin into a $100T network, moving from $70K to $700K to $7M per bitcoin 32:10 - Bitcoin Capitalism as a Darwinian market: winners, challengers, failures, and 1,400 companies tracked by Strategy 34:53 - Existing bitcoin-backed products: @Trezor, @Unchained, @Fidelity, @Fold_app, @Tando_me, @Relai_app, @CashApp, @HodlHodl, @AnchorWatch, @Meanwhile, $IBIT, $STRC, and $MSTR 40:03 - Digital Capital, Digital Credit, Digital Money, and Digital Yield competing with traditional capital markets 41:03 - Digital Money and Digital Yield: better stablecoins and higher-yield bitcoin-backed products 47:27 - 3 ways to participate: savers, investors, and innovators 49:19 - The aluminum airplane analogy: people buy the product, not the commodity underneath 52:29 - Build a ₿ridge to connect $BTC to the global capital markets 53:42 - 10,000 products, 10,000 needs, and 100,000 corporate efforts to change the world

Strategy has acquired 1,587 BTC for $100 million to increase our $BTC Reserve to ₿846,842. We have also increased our USD Reserve by $100 million to $1.1 billion. $MSTR $STRC strategy.com/press/strategy-…

🇯🇵 Terminó el partido contra Holanda y los japoneses se quedaron para limpiar todo el estadio. La verdadera superioridad cultural.

Vamos lá Portugal...mostrem #KASPA ao mundo !!!

Still adding dots.

The key to saving the environment is not looking backward, it’s moving forward. I realized this the first time I visited Italy twenty years ago. Everything was clean and green. The rivers sparkled. The lesson for me was obvious: the answer is not underdevelopment. The answer is progress. When China was poor, the air was so polluted that people could barely see the blue sky. Today, blue skies have returned to their cities. Development does not only create wealth, it also provides the resources needed to restore and protect the environment. Some environmentalists want us to preserve every aspect of our biodiversity, including the mosquitoes for example, so that researchers can fly in once every ten years from their universities (which build particle accelerators and billion-dollar laboratories with their pocket money), study our ecosystems, and count how many people died from dengue outbreaks. They want to buy our air through carbon credits. If carbon credits were such a great deal, they would be selling them to us, not the other way around. Cleaning every river, lake, and water source in El Salvador, and ensuring they remain clean and sparkling, would cost roughly $12 billion. Where is that money supposed to come from without economic development? Carbon credits? The path forward for our country is the path of Japan and Singapore, not the path of the Congo.

Was die meisten schon wieder vergessen haben: 2021 hat Elon Musk den Vereinten Nationen angeboten, für die Beendigung des Welthungers mit dem Verkauf eines Teils seiner Tesla-Aktien zu zahlen. Die einzige Bedingung: Die Vereinten Nationen legen transparent offen, wie genau dieser Betrag den Welthunger beenden würde und wie die Mittel eingesetzt werden. Natürlich haben die Vereinten Nationen das Angebot nicht angenommen. Sie hätten nämlich erklären müssen, wie es sein kann, dass seit den 1950er Jahren 2 BILLIONEN DOLLAR an „Entwicklungshilfen“ nach Afrika geflossen sind, sich aber in all den Jahren nichts zum Besseren entwickelt hat. Das Problem ist nicht Elon Musk. Das Problem sind korrupte Politiker, die dir sagen, dass Elon Musk das Problem wäre.

Envy is the primary unconscious motivator of the human race. Bernie is the crab trying to pull Elon back into the boiling water. #Bitcoin weakens the pull of these parasites.

The Makers: create and innovate. The Takers: complain and confiscate.

No kidding.

autonomous robot driving through the field at night. no chemicals. no pesticides. just UV light killing pathogens and pests while everyone sleeps. this is @tricrobotics. this is what chemical-free pest control looks like at scale.

SpaceX’s valuation isn’t just about where the business is today it’s about where investors believe it’s going. While Starlink is currently driving much of the company’s cash flow, the real excitement is around Elon Musk’s ability to execute on ambitious ideas and build entirely new industries over time. That’s why the market continues to assign such a premium to the company. Yes, the valuation will always be debated, and not every investor will agree with it. But the overwhelming demand for the IPO reflects a broader belief that SpaceX could become one of the defining platforms of the next decade. If you believe in the long term commercial opportunity in space, many investors see this as a bet on vision, innovation, and execution.

🔥 SPOT ON: Elon Musk Deserves Every Dime He Makes and He Doesn’t Owe Anyone Anything.

Bitching Bernie H/T: @rahulsood for the graphic

Congratulations @ElonMusk and $SPCX on a historic IPO. Thanks to you, 25% of the Mag8 now holds Bitcoin on the balance sheet.

I showed my son this. Show yours, too.

Elon Musk criou, em um único dia, 4.400 novos milionários. Quase 400 deles ultrapassaram os US$ 100 milhões. Não são banqueiros nem investidores de risco. São funcionários da SpaceX: soldadores, técnicos, mecânicos e até funcionários da cantina. Durante vinte anos, a empresa pagou gente de todos os níveis com ações, não só com salário alto. Quem produziu colheu. Juan Hernandez, imigrante mexicano, aceitou um emprego de soldador por US$ 28 a hora em 2015, sem nem saber direito o que era a SpaceX. Recebeu uma pequena participação de US$ 10 mil e pôde comprar mais por desconto em folha. Hoje sua fatia vale US$ 880 mil. Trevor Hise ignorou os conselhos dos pais para pegar um emprego “seguro” na General Electric. Escolheu a SpaceX, ficou 12 anos e acumulou mais de 100 mil ações. Ao preço da listagem, são US$ 13,5 milhões. Aos 37 anos, ele já pode se aposentar. Palavras dele: “A magnitude disso é ridícula.” O detalhe mais eloquente veio antes mesmo da abertura de capital: mais de 100 funcionários se uniram discretamente para contratar uma gestora de fortunas capaz de cuidar de até US$ 5 bilhões. Muitos nunca tinham precisado de wealth manager na vida. Há décadas os IPOs de empresas de tecnologia enriquecem programadores. Desta vez, o dinheiro chegou ao chão de fábrica. Isso é capitalismo de verdade: quem arrisca, quem trabalha e quem entrega valor colhe frutos proporcionais. A esquerda odeia esse tipo de história. Porque ela prova que a verdadeira ascensão social não vem de dividir a miséria alheia, mas de criar riqueza que eleva quem tem coragem de construir.

Never. Give. Up.