Your signal. Your price.
Odell stated that on July 20, Bitcoin's block height was 958,911, with 1,529 sats per dollar, and a price of $65,380.
Matt Odell suggests MicroStrategy (MSTR) shareholders are facing margin calls, leading to a "vicious feedback loop" where selling MSTR drives down Bitcoin's price, further pressuring MSTR and triggering more liquidations.
Matt Odell finds Michael Saylor's recent MSTR common stock issuance strategy contradictory, as he reversed guidance against selling common stock below a "2.5 MNAV" valuation, despite shareholder concern.
Matt Odell launched a Bitcoin price prediction game on Nostr, receiving 600 responses within 24 hours, tracked by an AI-coded portal that cost 27,000 sats and offers the winner 5,000 sats plus street cred.
Marty Bent and Matt Odell assert that Bitcoin functions as both a store of value and a medium of exchange, emphasizing that its value is derived from its censorship resistance and peer-to-peer digital cash capabilities, coupled with its finite supply of 21 million units.
Matt Odell warns that AI providers like Anthropic are collecting user data, with Anthropic's new terms of service stating user chats will be saved for five years and used for AI training if users don't opt out by September 28th.
Matt Odell suggests the AI investment space is bubbly, noting that 25% of Nvidia's year-to-date revenue comes from a single client in Singapore, likely China attempting to bypass export restrictions.
Matt Odell reports that the University of Chicago's endowment experienced poor returns, with a Stanford Review article implying significant losses from risky "shitcoin" investments in 2020 led to a funding freeze.
Matt Odell describes Kieran's DTAN server, a distributed torrent archive on Nostr, designed to create a trust-minimized, reputation-based index for torrent files, addressing the issue of low-quality content on open torrent sites.
Marty Bent and Matt Odell discuss the Frost hardware wallet, a new multisig solution designed for mobile environments, where multiple units connect to facilitate self-custody and make Bitcoin freedom money more accessible.