They Say Bitcoin Is Dead Again

<p>Bitcoin slipped under $60K and the timeline filled with obituaries — people who bought the $120K top now calling it dead. Brandon and Kate place it right where the four-year cycle predicts: deep in the trenches, with maybe nine more boring months to go. Yet nobody up top is actually capitulating — Strategy bought the dip again, STRC keeps cratering, Wall Street quietly shipped its first Bitcoin depositary receipt, and Schwab went native. A quiet week with more under the surface than the doom posts suggest. <br /><br />In this episode of Good For Bitcoin, Brandon and Kate discuss:</p><ul><li>They say Bitcoin is dead — again. With BTC under $60K and obituaries everywhere, Brandon and Kate place it where the four-year cycle predicts: in the trenches, ~9 months from a better year. Bitcoin draws down ~80% a cycle — by that math, we may not have bottomed.</li><li>Nobody up top is selling, though. Strategy bought another ~520 BTC (avg ~$67K) to reach 847,363 and grew its USD reserve to $1.4B to keep funding STRC dividends — even as STRC sank to ~$75 and the timeline begged Saylor to sell. Brandon's counter-bet: he bought STRC at $82. Strive added 759 BTC for 19,864 and OranjeBTC 19 for 3,822.</li><li>Wall Street's plumbing keeps getting built. UTXO Management initiated the first Bitcoin depositary receipt to trade through a prime broker (Clear Street) and settle through the DTC — 100% BTC-backed, custodied at Anchorage Digital, convertible in-kind to real Bitcoin. An explain-like-I'm-five on how traditional finance will soon hold BTC like any other stock.</li><li>More on-ramps: Charles Schwab rolled out native BTC trading in its app (following Fidelity), and Congress set a July 17 field hearing on the CLARITY Act — so maybe, finally, some clarity on clarity.</li><li>David Bailey's Nakamoto finished its strange path to public markets: merging into health-care firm KindlyMD, renaming to Nakamoto, winding the clinic down, and folding in UTXO Management and Bitcoin Magazine. The hosts' recurring lesson — a treasury company still has to be a real business.</li><li>Quick hits: Base briefly halted and needed node restarts before recovering, and Alberta's AIMCo surfaced in the MSTR-buying chatter. Could a Bitcoin-staking depositary receipt be next?</li><li>Follow the show on X — @goodforbtc.</li></ul><p><br /><b>Hosts:</b></p><ul><li>Brandon Marshall — <a rel="noopener noreferrer nofollow" href="https://x.com/marshallmixing" target="_blank">@marshallmixing</a></li><li>Kate Parkman — <a rel="noopener noreferrer nofollow" href="https://x.com/katemparkman" target="_blank">@katemparkman</a></li></ul><p><br /><b>Subscribe &amp; Follow:</b></p><ul><li><a rel="noopener noreferrer nofollow" href="http://goodforbitcoin.com" target="_blank">goodforbitcoin.com</a></li><li><a rel="noopener noreferrer nofollow" href="https://www.youtube.com/@GoodForBitcoin" target="_blank">YouTube</a></li><li><a rel="noopener noreferrer nofollow" href="https://open.spotify.com/show/5U1THeUKH0kCnUHXwCm76o" target="_blank">Spotify</a></li><li><a rel="noopener noreferrer nofollow" href="https://music.amazon.com/podcasts/da978fdc-d1e9-4df7-acd0-922f254184c5/good-for-bitcoin" target="_blank">Amazon Music</a></li><li><a rel="noopener noreferrer nofollow" href="https://podcasts.apple.com/us/podcast/good-for-bitcoin/id1777877674" target="_blank">Apple Podcasts</a></li><li><a rel="noopener noreferrer nofollow" href="https://pca.st/2jjlopxd" target="_blank">Pocket Casts</a></li><li><a rel="noopener noreferrer nofollow" href="https://anchor.fm/s/f9f164f0/podcast/rss" target="_blank">RSS</a></li></ul>