# ![@intangiblecoins Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::895400381852811266.png) @intangiblecoins Alex Thorn

Fidelity has enabled deposit and withdrawals for its crypto services, nearly [---] years after launching. Alex Thorn, a prominent figure in the crypto space, has been sharing his views on Bitcoin and market trends. Thorn recently shared data and insights from his client note, discussing factors contributing to Bitcoin headwinds.

### Engagements: [-----] [#](/creator/twitter::895400381852811266/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::895400381852811266/c:line/m:interactions.svg)

- [--] Week [-------] -72%
- [--] Month [---------] +16%
- [--] Months [---------] +11%
- [--] Year [----------] -26%

### Mentions: [--] [#](/creator/twitter::895400381852811266/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::895400381852811266/c:line/m:posts_active.svg)

- [--] Week [--] -34%
- [--] Month [--] -6.20%
- [--] Months [---] +71%
- [--] Year [---] -25%

### Followers: [------] [#](/creator/twitter::895400381852811266/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::895400381852811266/c:line/m:followers.svg)

- [--] Week [------] +0.05%
- [--] Month [------] +0.82%
- [--] Months [------] +6.60%
- [--] Year [------] +17%

### CreatorRank: [-------] [#](/creator/twitter::895400381852811266/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::895400381852811266/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[cryptocurrencies](/list/cryptocurrencies)  38.32% [finance](/list/finance)  19.63% [stocks](/list/stocks)  8.41% [countries](/list/countries)  6.54% [technology brands](/list/technology-brands)  6.54% [exchanges](/list/exchanges)  4.67% [travel destinations](/list/travel-destinations)  2.8% [social networks](/list/social-networks)  2.8% [events](/list/events)  0.93% [financial services](/list/financial-services)  0.93%

**Social topic influence**
[bitcoin](/topic/bitcoin) 35.51%, [crypto](/topic/crypto) 14.02%, [in the](/topic/in-the) 8.41%, [history](/topic/history) 4.67%, [scott](/topic/scott) #995, [clarity act](/topic/clarity-act) #37, [if you](/topic/if-you) 3.74%, [el salvador](/topic/el-salvador) #172, [salvador](/topic/salvador) #425, [money](/topic/money) 2.8%

**Top accounts mentioned or mentioned by**
[@cryptjynx](/creator/undefined) [@galaxyhq](/creator/undefined) [@grok](/creator/undefined) [@saylor](/creator/undefined) [@glxyresearch](/creator/undefined) [@khawar19884](/creator/undefined) [@jseyff](/creator/undefined) [@franchise9494](/creator/undefined) [@breccastoll](/creator/undefined) [@petermccormack](/creator/undefined) [@pierrepoilievre](/creator/undefined) [@tamagofluffy](/creator/undefined) [@k_hho1](/creator/undefined) [@hanakookie1](/creator/undefined) [@pooricon](/creator/undefined) [@richlassitermd](/creator/undefined) [@hildehildsen](/creator/undefined) [@blendino](/creator/undefined) [@giddy_up_up](/creator/undefined) [@gideonopowell](/creator/undefined)

**Top assets mentioned**
[Bitcoin (BTC)](/topic/bitcoin) [Coinbase Global Inc. (COIN)](/topic/coinbase) [Strategy (MSTR)](/topic/$mstr) [69Coin (69)](/topic/$69) [Microsoft Corp. (MSFT)](/topic/microsoft)
### Top Social Posts
Top posts by engagements in the last [--] hours

"treasury secretary scott bessent unloaded last weekend re CLARITY ACT nihilist group in the industry that are recalcitrant actors who should move to el salvador if they would prefer no regulation over this very good regulation i think we all know who hes talking about"  
[X Link](https://x.com/intangiblecoins/status/2021230479282712979)  2026-02-10T14:31Z 57.8K followers, 90.8K engagements


"quantum is not why the whale sold novo didnt connect the two. he said it was one reason ppl are claiming for btc weakness but he disagrees with that (this is clear if you read the full transcript) he then clarified on bloomberg that quantum isnt the reason for btc weakness Novo implies on the earnings call just now Galaxy had a client that sold $9b worth of bitcoin at least partially due to quantum Novo implies on the earnings call just now Galaxy had a client that sold $9b worth of bitcoin at least partially due to quantum"  
[X Link](https://x.com/intangiblecoins/status/2018756806277742653)  2026-02-03T18:41Z 57.8K followers, 179.3K engagements


"i dont want your app i have [---] apps im trying to delete no i wont sign up for an account. no you cant have my email just shut up and take my money this is only getting worse with AI"  
[X Link](https://x.com/intangiblecoins/status/2021579214504309127)  2026-02-11T13:36Z 57.8K followers, [----] engagements


"bitcoin now down -38% from all-time high weve been predicting lower since october called it a bear market in november beimnet calling for eventual move to 200w MA currently $58k (gang) would likely be $60-$65k if it hits galaxy brains take notes ✍🏻✍🏻✍🏻"  
[X Link](https://x.com/intangiblecoins/status/2017689605403766971)  2026-01-31T20:01Z 57.8K followers, 16K engagements


"BTC is trading below the U.S. ETFs avg cost basis after the 2nd & 3rd biggest outflow weeks ever (last week and week before) (and last weeks outflow will increase after IBIT reports fridays numbers tomorrow) this means the average bitcoin ETF purchase is underwater"  
[X Link](https://x.com/intangiblecoins/status/2018137971833147639)  2026-02-02T01:42Z 57.8K followers, 56.8K engagements


"and those companies are increasingly later stage"  
[X Link](https://x.com/intangiblecoins/status/2019056079007563918)  2026-02-04T14:30Z 57.8K followers, [---] engagements


"if you can't handle the dump you don't deserve the pump know what you own and believe in something"  
[X Link](https://x.com/intangiblecoins/status/2019481694047289593)  2026-02-05T18:42Z 57.8K followers, 23.2K engagements


"@giddy_up_up i sent this report to clients on sunday with the key levels i'm watching https://www.galaxy.com/insights/research/bitcoin-drawdown-nears-40-weakness-suggests-lower-prices-coming https://www.galaxy.com/insights/research/bitcoin-drawdown-nears-40-weakness-suggests-lower-prices-coming"  
[X Link](https://x.com/intangiblecoins/status/2019518284769669282)  2026-02-05T21:07Z 57.8K followers, [---] engagements


"when you order a sweatshirt from pubkey apparently they also send you a a satoshi uncle sam picture lighter [--] dice and a crumpled $1 bill 🤷♂"  
[X Link](https://x.com/intangiblecoins/status/2020585904075903256)  2026-02-08T19:49Z 57.9K followers, [----] engagements


"every healthy small brand is made with olive oil butter tallow etc. but when it grows & sells to a larger brand it inevitably replaces its healthy oils with canola sunflower rapseed or other inflammatory seed oils you see this over and over in the whole foods trenches"  
[X Link](https://x.com/intangiblecoins/status/2021030503584014460)  2026-02-10T01:16Z 57.9K followers, [----] engagements


"@breccastoll think your tweet is a bit misleading. this IAC is at the CFTC. your post makes it sound like its the white house"  
[X Link](https://x.com/intangiblecoins/status/2022304044786532670)  2026-02-13T13:37Z 57.8K followers, [---] engagements


"http://x.com/i/article/2018378136841281536 http://x.com/i/article/2018378136841281536"  
[X Link](https://x.com/intangiblecoins/status/2018382912811364641)  2026-02-02T17:56Z 57.8K followers, 59K engagements


"@EleanorTerrett @bankpolicy @ABABankers @FSForum @ICBA @Fidelity @PayPal @paradigm @SoFi @crypto_council @BlockchainAssn @DigitalChamber @galaxyhq was also there"  
[X Link](https://x.com/intangiblecoins/status/2018425239806370116)  2026-02-02T20:44Z 57.9K followers, 11.3K engagements


"@lex_node we tokenized our own stock and our investors can self custody it. working on more features too"  
[X Link](https://x.com/intangiblecoins/status/2021250378726015372)  2026-02-10T15:50Z 57.8K followers, [---] engagements


"gen z TLDR: some floids have been chadfishing on this bill and capping like they have rizz when really they should chill and low-key be jestergoonint at most if they keep fakemogging so hard then treasury secretary warns they might find themselves left on read and ghosted treasury secretary scott bessent unloaded last weekend re CLARITY ACT nihilist group in the industry that are recalcitrant actors who should move to el salvador if they would prefer no regulation over this very good regulation i think we all know who hes talking about https://t.co/I08aF1dYqO treasury secretary scott bessent"  
[X Link](https://x.com/intangiblecoins/status/2021331835217674395)  2026-02-10T21:13Z 57.8K followers, 15.7K engagements


"when the mid-mountain lodge announces free vodka sodas for the next [--] mins but im already 2/3 down the mountain"  
[X Link](https://x.com/intangiblecoins/status/2021359751851090146)  2026-02-10T23:04Z 57.8K followers, [----] engagements


"its debatable whether it says that. of course this wouldnt be an issue for *decentralized* L2s whatever the language is or ends up being. but that issue is not whats holding up the bill. there arent major equities threatening to bail because of a fear that L2s are captured. just online commentators. thats what i mean by settled https://twitter.com/i/web/status/2021626143762526212 https://twitter.com/i/web/status/2021626143762526212"  
[X Link](https://x.com/intangiblecoins/status/2021626143762526212)  2026-02-11T16:43Z 57.8K followers, [--] engagements


"securitize is the transfer agent and all holder addresses including those that want to buy or sell through the UniswapX RFQ module must be allowlisted (KYC) by securitize is my understanding also BUIDL has a $5m minimum and is only available to qualified purchasers havent seen any docs that suggest the limits or KYC requirement are lowered as part of this announcement https://twitter.com/i/web/status/2021763658506780680 https://twitter.com/i/web/status/2021763658506780680"  
[X Link](https://x.com/intangiblecoins/status/2021763658506780680)  2026-02-12T01:49Z 57.8K followers, [---] engagements


"@grok @5280Theta @KeithMcCullough thats right. thanks grok 😘"  
[X Link](https://x.com/intangiblecoins/status/2022139171989815649)  2026-02-13T02:42Z 57.8K followers, [--] engagements


"this mostly went unnoticed afaict but ETHBTC started the year with a death cross"  
[X Link](https://x.com/intangiblecoins/status/2013614400234545350)  2026-01-20T14:07Z 57.8K followers, [----] engagements


"@CryptoCred bitcoin maxis have been saying this the whole time"  
[X Link](https://x.com/intangiblecoins/status/2021741861166047274)  2026-02-12T00:23Z 57.8K followers, [----] engagements


"how big is the crypto lending market no one has ever really known now we do based on reviews of public filings bankruptcy documents and voluntary disclosures from active lenders the combined CeFi loan book size at YE [----] was $11.2bn down 68% from the [----] ATH of $34.8bn"  
[X Link](https://x.com/anyuser/status/1911839609371414976)  2025-04-14T17:50Z 57.8K followers, 316.7K engagements


"HISTORY IS LONGER THAN YOU THINK no global leader alive has governed under a hard money standard. not one will that always be true i dont think so bitcoin disrupts not by accident but by design"  
[X Link](https://x.com/anyuser/status/1972715011127885860)  2025-09-29T17:28Z 57.8K followers, 37.6K engagements


"The SECs new guidance on tokenized securities provides a taxonomy for the nascent sector. @intangiblecoins argues that the SEC must figure out how to allow issuer-sponsored tokenized securities to http://x.com/i/article/2017633299741446144 http://x.com/i/article/2017633299741446144"  
[X Link](https://x.com/intangiblecoins/status/2017635936771653685)  2026-01-31T16:27Z 57.8K followers, 19.3K engagements


"bitcoin is likely to see lower prices drifting towards $70k then potentially down to the 200w MA ($60k) over the next weeks/months historically those levels have been strong entry points for long term investors sent this note to galaxy clients last night https://t.co/78ZeeODAOF https://t.co/78ZeeODAOF"  
[X Link](https://x.com/intangiblecoins/status/2018385044683837751)  2026-02-02T18:04Z 57.8K followers, 72.8K engagements


"statement from american bankers assoc following white house meeting on stablecoin rewards it reads nice but it doesnt really sound like they are willing to compromise here"  
[X Link](https://x.com/anyuser/status/2018452441172475975)  2026-02-02T22:32Z 57.8K followers, 27.4K engagements


"one final way to drive the point home. look at the huge amount of capital raised by companies founded more than [--] years ago. this is kraken revolut etc. later stage crypto-focused financial services companies -- the crypto industry's (only) sweet spot"  
[X Link](https://x.com/intangiblecoins/status/2019056080978911642)  2026-02-04T14:30Z 57.8K followers, [----] engagements


"bitcoin is the most oversold today than any day since 3ac blew up in june [----] (30d RSI)"  
[X Link](https://x.com/intangiblecoins/status/2019510900697251953)  2026-02-05T20:38Z 57.8K followers, 88.2K engagements


"- oat milk is mostly seed oil - rubbermaid products are made with plastic - national security is secrecy plus budget growth - trail mix is peanuts buried under sugars - internal revenue service is an oxymoron - cereal is desert youre allowed to eat before work - nostalgia is memory without context - chocolate milk at school is part of a sugar subsidy program - apple sauce cups are apple sauce divorced from fiber - government transparency is often information released after it stops mattering - fat free salad dressing is sugar slurry with xantham gum - natural flavors are chemistrys stage name"  
[X Link](https://x.com/intangiblecoins/status/2022028976953188423)  2026-02-12T19:24Z 57.8K followers, [----] engagements


"the mogging will continue until morale improves treasury secretary scott bessent unloaded last weekend re CLARITY ACT nihilist group in the industry that are recalcitrant actors who should move to el salvador if they would prefer no regulation over this very good regulation i think we all know who hes talking about https://t.co/I08aF1dYqO treasury secretary scott bessent unloaded last weekend re CLARITY ACT nihilist group in the industry that are recalcitrant actors who should move to el salvador if they would prefer no regulation over this very good regulation i think we all know who hes"  
[X Link](https://x.com/intangiblecoins/status/2022333509386584350)  2026-02-13T15:34Z 57.8K followers, 17K engagements


"this is an ugly performance from taleb. this man used to be influential. look how confused and embarassed the cnbc hosts are with his arguments"  
[X Link](https://x.com/anyuser/status/1673306816896180224)  2023-06-26T12:26Z 57.8K followers, 655.8K engagements


"@ColinKeeley lmao i think you left out the part where he uses his son as a blood bag https://www.bloomberg.com/news/articles/2023-05-22/bryan-johnson-s-anti-aging-blood-transfusion-involves-dad-and-son https://www.bloomberg.com/news/articles/2023-05-22/bryan-johnson-s-anti-aging-blood-transfusion-involves-dad-and-son"  
[X Link](https://x.com/anyuser/status/1675284432758927363)  2023-07-01T23:25Z 57.8K followers, 54.5K engagements


"options market makers in #bitcoin are increasingly short gamma as BTC spot price moves up. when youre short gamma and spot px rises you need to buy back spot to stay delta neutral. this should amplify the explosiveness of any short-term upward move in the near term. more 👇"  
[X Link](https://x.com/anyuser/status/1716266493132861622)  2023-10-23T01:33Z 57.8K followers, 703.1K engagements


"when #bitcoin ETFs are approved we think these vehicles could see a minimum of $14.4bn of inflows in year [--] ramping to $38.6bn inflows in year [--]. at those levels BTCUSD could see 75% appreciation the year following approvals 👀 more in our new report from today👇"  
[X Link](https://x.com/anyuser/status/1716840402894881133)  2023-10-24T15:33Z 57.8K followers, 279.6K engagements


"the #bitcoin gamma squeeze from last week could happen again 👀 if BTCUSD moves higher to $35750-36k options dealers will need to buy $20m in spot BTC for every 1% upside move which could cause explosiveness if we begin to move up towards those levels more 👇"  
[X Link](https://x.com/anyuser/status/1718789234398556416)  2023-10-30T00:37Z 57.8K followers, 650.2K engagements


"has anyone ever seen an asset that gets smoked -80%+ multiple times but comes back stronger each time over multiple cycles across [--] years"  
[X Link](https://x.com/anyuser/status/1732227203641806965)  2023-12-06T02:35Z 57.8K followers, 166.1K engagements


"this bill from @SenWarren massively expands the bank secrecy act imposing bank-like KYC rules on non-custodial software products including FOSS. and its gaining steam with [--] new co-sponsors 👀 this would be disastrous for #bitcoin and crypto in USA https://www.warren.senate.gov/newsroom/press-releases/warren-expands-coalition-of-banking-committee-support-for-bill-cracking-down-on-cryptos-use-in-money-laundering-drug-trafficking-sanctions-evasion"  
[X Link](https://x.com/anyuser/status/1734268266023915835)  2023-12-11T17:45Z 57.8K followers, 992.9K engagements


"these rules effectively ban crypto in america and they fundamentally undermine the core innovation itself P2P digital cash. if you believe humans should have the right to transact without an intermediary you must oppose this bill. call your senators this is the big fight 🚨"  
[X Link](https://x.com/anyuser/status/1734273511533719817)  2023-12-11T18:06Z 57.8K followers, 121.9K engagements


"Why We Aren't (S)Topping (for my first ever long X post I'm releasing a note I sent early this this morning to Galaxy counterparties and clients) The sun hasnt yet risen in NYC but I know it will. From Galaxy HQ north of Battery Park the Hudson River looks like a sea of black but for the occasional glow of ferry lights appearing from or receding into the darkness. But Bitcoin is awake. If you want to sleep in this market you better not wake up for a glass of water at 3am and look at the Bitcoin price because youre liable to be greeted with a fat green candle that makes returning to bed"  
[X Link](https://x.com/anyuser/status/1762865996447035600)  2024-02-28T15:43Z 57.8K followers, 355.2K engagements


"every critic who called bitcoin a bubble or tulip mania needs to take a long hard look in the mirror the supposed tulip mania didnt happen [--] times each from a way higher base admit you were wrong and salvage whats left of your credibility"  
[X Link](https://x.com/anyuser/status/1764775051922989104)  2024-03-04T22:08Z 57.8K followers, 38.3K engagements


"people saying that satoshi might pop up with another 21m is the most hilarious and dumbest fud yet 21m isnt some promise satoshi made he could reneg 21m is the result of 1000s of nodes agreeing on code which is open source and easily verifiable lmao https://x.com/ShireH0DL/status/1767326130997010758/video/1 https://x.com/ShireH0DL/status/1767326130997010758/video/1"  
[X Link](https://x.com/anyuser/status/1767476432828002484)  2024-03-12T09:03Z 57.8K followers, 152.6K engagements


"likely the USG/Silk Road coins were already sold & this is post-trade settlement. @Blockworks_ reported Jan [--] that they were going to sell $130m. today they moved 2k BTC ($131m) to CB. test tx: 2k movement tx: blockworks: https://blockworks.co/news/us-sells-btc-silk-road https://mempool.space/tx/b614dd2e0fa06d776ee4d45973fab5ceb6e2dfebfb84e5f7bd45ef0975455240 https://mempool.space/tx/9c3af4b48e66565f1da1da8278036fa1dbb09f2beaaca99c3504475390ba4590 30.1K BTC ($2.1B) of Silk Road hack funds controlled by US government is on the move right now. [-----] BTC ($69) transferred to a Coinbase deposit"  
[X Link](https://x.com/anyuser/status/1775217726870487067)  2024-04-02T17:44Z 57.8K followers, 384.2K engagements


"this guy just bought @BitcoinUrs iconic bitcoin sign guy #bitcoin artifact for [--] BTC and no one knows who he is. he spent time in jail in his life. but hes a bitcoin OG that no one has ever heard of. dont underestimate bitcoin @PubKey_NYC"  
[X Link](https://x.com/anyuser/status/1783312712811872266)  2024-04-25T01:50Z 57.8K followers, 71.1K engagements


"@PhoenixWallet man it would be great if the US was still the land of the free"  
[X Link](https://x.com/intangiblecoins/status/1783880846757216640)  2024-04-26T15:28Z 57.8K followers, 62.1K engagements


"flashback to one of the greatest interview segments in bitcoin history @PeterMcCormack Grayscale CEO Michael Sonnenshein Steps Down -- WSJ: BBG Grayscale CEO Michael Sonnenshein Steps Down -- WSJ: BBG"  
[X Link](https://x.com/anyuser/status/1792545952504418652)  2024-05-20T13:20Z 57.8K followers, 146K engagements


"🚨 FIT21 CRYPTO BILL PASSES HOUSE 279-136 WITH [--] DEMOCRATS VOTING IN FAVOR MORE THAN TRIPLE"  
[X Link](https://x.com/anyuser/status/1793396744870387859)  2024-05-22T21:41Z 57.8K followers, 86.7K engagements


"🚨 Fmr. Pres. Trump says he will commute the sentence of @RealRossU if he is reelected"  
[X Link](https://x.com/anyuser/status/1794535534209249443)  2024-05-26T01:06Z 57.8K followers, 428.8K engagements


"trump has added #bitcoin & #crypto to his stump speech and is explicitly calling for american dominance"  
[X Link](https://x.com/anyuser/status/1801771689249787936)  2024-06-15T00:20Z 57.8K followers, 111.7K engagements


"creditors have been stuck in mt gox bankruptcy for 10+ yrs--finally trustee says in-kind distribution of #BTC #BCH will begin in july. we think fewer coins will be distributed than people think & that it will cause less #bitcoin sell pressure than market expects here's why 👇"  
[X Link](https://x.com/anyuser/status/1805244957252284916)  2024-06-24T14:21Z 57.8K followers, 448K engagements


"just heard a wild rumor about a huge player in #bitcoin. extremely big if true. hope to share soon"  
[X Link](https://x.com/anyuser/status/1809910310502908184)  2024-07-07T11:20Z 57.8K followers, 107.5K engagements


"fmr president trump spoke for [--] minutes on saturday at bitcoin [----] in nashville a truly historic speech heres a condensed 12min version w/ his most important statements on bitcoin & crypto click the times below to jump around 0:00 hello bitcoiners 0:23 bitcoin legends please stand up 0:35 we have to talk about bitcoin 0:42 spirit that built america 0:53 respect & admiration 1:02 BITCOIN IS NEW STEEL INDUSTRY 1:10 [--] years since whitepaper 1:28 BTC WILL SURPASS GOLD 1:53 miracle of human achievement 2:18 bitcoiners are high IQ individuals 2:29 bitcoin & america first 3:07 we need more"  
[X Link](https://x.com/anyuser/status/1817740622754910685)  2024-07-29T01:55Z 57.8K followers, 181.8K engagements


"20 mins into the trading session and #bitcoin ETFs have already seen $1.3bn in volume this is extremely elevated"  
[X Link](https://x.com/anyuser/status/1820456747653324987)  2024-08-05T13:48Z 57.8K followers, 150.1K engagements


"NEW EVIDENCE THAT @KamalaHarris WILL CONTINUE CRYPTO CRACKDOWN her advisor choices suggest she will keep bidens hostile attitude to crypto harris is working w/ brian deese & bharat ramamurti [--] key anti-crypto officials from biden admin. thread 🧵"  
[X Link](https://x.com/anyuser/status/1823338570104352884)  2024-08-13T12:39Z 57.8K followers, 1.4M engagements


"ETHBTC just traded on a [----] handle for the first time in [---] years (apr 2021) 👀 -53% since the merge in sep [----] what stops this train 🚂"  
[X Link](https://x.com/anyuser/status/1835333743025770918)  2024-09-15T15:03Z 57.8K followers, 194.5K engagements


"new low on ETHBTC -- [--------] does it go down forever 🤔"  
[X Link](https://x.com/anyuser/status/1852043519344435389)  2024-10-31T17:42Z 57.8K followers, 72.5K engagements


"crypto bros right now"  
[X Link](https://x.com/intangiblecoins/status/1854049389997703275)  2024-11-06T06:33Z 57.8K followers, 89.7K engagements


"today november [--] [----] was the biggest daily gain in #bitcoin history 🚀"  
[X Link](https://x.com/anyuser/status/1856146168746479673)  2024-11-12T01:25Z 57.8K followers, 403.6K engagements


"taylor sheridans new show landman hits billy bob thornton with an epic monologue"  
[X Link](https://x.com/anyuser/status/1860894297018544564)  2024-11-25T03:52Z 57.8K followers, 197K engagements


"BITCOIN'S ROAD TO $100K - TEAR DOWN THIS WALL this is a private research note sent to clients and counterparties of @galaxyhq. trade or invest with us to receive it directly. Bitcoin has not traded below $90k for the last week and anticipation that the worlds oldest cryptocurrency will pass the $100k milestone has been building for weeks. Bitcoin had risen as much as 50% from the day before the U.S. election on Nov. [--]. After setting new all-time highs of $99860 on Friday Nov. [--] BTCUSD has traded down as much as 8% to $91420. In earlier Bitcoin times this drawdown wouldnt have raised eyebrows"  
[X Link](https://x.com/anyuser/status/1861891792209097104)  2024-11-27T21:56Z 57.8K followers, 91.6K engagements


"coming soon 👀"  
[X Link](https://x.com/anyuser/status/1864745609485295923)  2024-12-05T18:56Z 57.8K followers, 27.6K engagements


"📺 NEW: Full @saylor episode from now on X - Michael's first interview after BTC crossed $100k. 📊 Michael talks about $MSTR strategy strategic #bitcoin reserve gold's failure $MSFT pitch bitcoin development and much more Time Stamps: 0:00 Intro clips 0:58 Thorn Intro 2:20 Saylor interview start 2:33 Bitcoin broke $100k 2:45 $100k is important milestone 4:43 MicroStrategy has never been more right 7:50 FTX to Silvergate Bank & Chokepoint [---] 8:55 [----] Price Action & ETFs 10:15 Trump Campaign & Bitcoin 10:43 MSTRs 21-21 Plan announcement 12:30 A crypto reactor fueled by Bitcoin 13:32 November"  
[X Link](https://x.com/anyuser/status/1866890968319791351)  2024-12-11T17:01Z 57.8K followers, 586.3K engagements


"peter schiff nassim taleb nouriel roubini paul krugman peter zeihan david gerard ben mckenzie liz warren gary gens john reed stark stephen diehl alex de vries dan pena sherrod brown bharat ramamurti nicholas weaver matt stoller samantha laduc frances coppola bitfinexd ECB BSV"  
[X Link](https://x.com/anyuser/status/1868997935054348312)  2024-12-17T12:33Z 57.8K followers, 55K engagements


"talked with a client today about why bitcoin was crashing to $96k crashing. to. $96k. say it out loud to yourself incredible. this timeline continues to amaze"  
[X Link](https://x.com/anyuser/status/1869858770953892160)  2024-12-19T21:34Z 57.8K followers, 33.5K engagements


"im not saying that @saylor is from the future but i am saying that if @saylor *was* from the future and if he time traveled back to our time with knowledge that bitcoin reaches incredible heights everything hes done with microstrategy since [----] would make perfect sense"  
[X Link](https://x.com/anyuser/status/1871537132864721257)  2024-12-24T12:43Z 57.8K followers, 90.7K engagements


"despite the recent pullback microstrategy finished [----] as the best performing major asset in the world with bitcoin as no. [--] even on a risk adjusted basis (sharpe) MSTR finished 1st and BTC was 3rd. [--] of top [--] assets in [----] were bitcoin related. are you paying attention"  
[X Link](https://x.com/anyuser/status/1874879710167195757)  2025-01-02T18:05Z 57.8K followers, 731.3K engagements


"looks like trudeau is finally out after [--] years canadians have a chance to elect @PierrePoilievre one of the smartest leaders in a generation heres my favorite video of pierre in which he explains the source of inflation after dismantling an incompetent journalist"  
[X Link](https://x.com/anyuser/status/1876222259469422892)  2025-01-06T11:00Z 57.8K followers, 105.3K engagements


"polymarket has @PierrePoilievre at 90% odds to be the next prime minister of canada with 70% odds the election is called before april 👀 heres a clip of pierre talking with @TheRealTahinis. what a legend he gets it bitcoin is on the ballot up north 🟠"  
[X Link](https://x.com/anyuser/status/1876376342842978599)  2025-01-06T21:12Z 57.8K followers, 120.4K engagements


"🚨 HUGE RULING AGAINST SEC IN FEDERAL COURT the third circuit just ruled that the SEC violated the administrative procedures act (APA) in denying coinbase's petition for rulemaking on crypto & securities laws "The SEC repeatedly sues crypto companies for not complying with the law yet it will not tell them how to comply.""  
[X Link](https://x.com/anyuser/status/1878870359166078999)  2025-01-13T18:22Z 57.8K followers, 111.5K engagements


"bitcoin price predictions for [----] $150k @realDonaldTrump transition source $150k @MarkYusko $150k @PeterLBrandt $160k @Matrixport_EN $180k @vaneck_us @matthew_sigel $180k @CoinSharesCo $185k @glxyresearch @intangiblecoins $200k @BitwiseInvest @Matt_Hougan $200k @AB_insights $200k @BitcoinSuisseAG $200k @bitfinex $200k @maplefinance $225k @HCWCO $250k @fundstrat $250k @StanChart $250k @TimDraper $350k @theRealKiyosaki $400k @blockware $1m+ @elcaptainyouth @americanhodl8 @Excellion"  
[X Link](https://x.com/anyuser/status/1879862465153859883)  2025-01-16T12:05Z 57.8K followers, 212.8K engagements


"*BLACKROCKS FINK: If youre frightened of the debasement of your currency or of the economic or political stability of your country you can have an internationally based instrument called Bitcoin that will overcome those local fears. BTC could be $500k $600k $700k"  
[X Link](https://x.com/anyuser/status/1882093309507850634)  2025-01-22T15:49Z 57.8K followers, 562.2K engagements


""stockpile" is jargon that means holding what they have but not necessarily buying anything according to @arkham here's all the coins that the USG holds over $1m"  
[X Link](https://x.com/anyuser/status/1882530060923756785)  2025-01-23T20:45Z 57.8K followers, 431.2K engagements


"wow tim cook brushing up on his @saylor"  
[X Link](https://x.com/anyuser/status/1882845059374281156)  2025-01-24T17:36Z 57.8K followers, 196.2K engagements


"during tonights game theres one superstar who is among the most famous advocates for bitcoin in the world bitcoiners know who to root for #FlyEaglesFly"  
[X Link](https://x.com/anyuser/status/1888696416270471438)  2025-02-09T21:08Z 57.8K followers, 21.9K engagements


"@KookCapitalLLC head of research at @galaxyhq ive seen the photos being shared they are forgeries the ID badge in the photos isnt ours the email groups are not real email distribution lists etc none of this is real. please share this tweet if you see otherwise being claimed anywhere"  
[X Link](https://x.com/anyuser/status/1891977575502660050)  2025-02-18T22:26Z 57.8K followers, 263.8K engagements


"FACT CHECK: Ethereum is further from replacing Bitcoin than any time in the last 4+ years Ethereum Will Replace Bitcoin Ethereum Will Replace Bitcoin Ethereum Will Replace Bitcoin Ethereum Will Replace Bitcoin Ethereum Will Replace Bitcoin Ethereum Will Replace Bitcoin Ethereum Will Replace Bitcoin Ethereum Will Replace Bitcoin Ethereum Will Replace Bitcoin Ethereum Ethereum Will Replace Bitcoin Ethereum Will Replace Bitcoin Ethereum Will Replace Bitcoin Ethereum Will Replace Bitcoin Ethereum Will Replace Bitcoin Ethereum Will Replace Bitcoin Ethereum Will Replace Bitcoin Ethereum Will"  
[X Link](https://x.com/intangiblecoins/status/1894191131950240250)  2025-02-25T01:02Z 57.8K followers, 47.6K engagements


"ahead of this fridays summit the founders of the three biggest US-based retail crypto exchanges (coinbase kraken gemini) all signaled they prefer a bitcoin-only reserve if there is one at all"  
[X Link](https://x.com/anyuser/status/1897412603976278238)  2025-03-05T22:23Z 57.8K followers, 70.7K engagements


"ETHBTC makes a new 4yr low [-------] 😱 -36% just YTD 🥶"  
[X Link](https://x.com/intangiblecoins/status/1899174771260305426)  2025-03-10T19:05Z 57.8K followers, 46.8K engagements


"crypto: creates 30m+ altcoins to compete with bitcoin over [--] years market: bitcoin still 60%+ dominance jason: why hasnt anyone tried to make a new bitcoin 🥴🥴🥴 Bitcoin has been a wonderful game but with a couple giant players cornering the market the timing is right to build a better bitcoin restarting the game folks cornering the market will say this is foolish while they donate to Trump to encourage more buying but Bitcoin has been a wonderful game but with a couple giant players cornering the market the timing is right to build a better bitcoin restarting the game folks cornering the"  
[X Link](https://x.com/intangiblecoins/status/1900938542265602369)  2025-03-15T15:54Z 57.8K followers, 91.4K engagements


"tether had more profit than blackrock last year what did they do with their retained earnings oh they bought bitcoin -@PrestonPysh"  
[X Link](https://x.com/anyuser/status/1903805377092718786)  2025-03-23T13:45Z 57.8K followers, 46.3K engagements


"ETHBTC made fresh lows [-------] ether is down 74% against bitcoin since switching from proof of work to proof of stake"  
[X Link](https://x.com/anyuser/status/1905576205950058904)  2025-03-28T11:02Z 57.8K followers, 303.2K engagements


"bedford just won the league promoted yet again @PeterMcCormack is the real ted lasso"  
[X Link](https://x.com/intangiblecoins/status/1911088200610628073)  2025-04-12T16:05Z 57.8K followers, 32.2K engagements


"in case you didnt read it yet @nic_carter is reporting that prominent biden officials killed signature bank though solvent to expand silvergate/SVB collapses into a national issue allowing FDIC to invoke a systemic risk exemption to bail out SVB at pelosis request 👀"  
[X Link](https://x.com/anyuser/status/1913378345716187606)  2025-04-18T23:45Z 57.8K followers, 130.4K engagements


"quantum is a bigger threat than people realize and the options to fix it for bitcoin specifically are worse than people realize"  
[X Link](https://x.com/anyuser/status/1917366426353934588)  2025-04-29T23:52Z 57.8K followers, 267.1K engagements


"🚨 SENATE STABLECOIN BILL "GENIUS ACT" CLEARS KEY VOTE IN SENATE WITH 60+ VOTES WILL NOW MOVE TO THE FLOOR FOR DEBATE"  
[X Link](https://x.com/anyuser/status/1924630835065425998)  2025-05-20T00:58Z 57.8K followers, 85.3K engagements


"🚨 GENIUS Act (amended) exceeds [--] votes in US Senate this enacts cloture (prevents filibuster) on the amended version of the bill and [--] floor hours from now (likely Monday/Tuesday) the senate can vote on final passage (with just 50+ votes required)"  
[X Link](https://x.com/anyuser/status/1932868994165354703)  2025-06-11T18:34Z 57.8K followers, 100.6K engagements


"HISTORY IS LONGER THAN YOU THINK the status quo the establishment the entrenched interests they want you to believe history is complete. but revolutions happen and they happen more often than you think. watch my 5min pump up speech from todays bitcoin policy summit"  
[X Link](https://x.com/anyuser/status/1937890461009772820)  2025-06-25T15:07Z 57.8K followers, 90.8K engagements


"bitcoin dominance has been on a relentless rise since fall [----] now at highest point in almost [--] years what stops this train"  
[X Link](https://x.com/anyuser/status/1939311954893378020)  2025-06-29T13:16Z 57.8K followers, 52.5K engagements


"@LRH_Superfan its the opposite of what he thinks 😆"  
[X Link](https://x.com/anyuser/status/1940410559331254694)  2025-07-02T14:01Z 57.8K followers, 42.2K engagements


"just look at the difference between these [--] charts"  
[X Link](https://x.com/anyuser/status/1942359819148468532)  2025-07-07T23:07Z 57.8K followers, 109.1K engagements


"BTCEUR still needs to cross [------] EUR to surpass its jan [--] [----] all-time high in euros many americans dont realize this but the dollar has lost more than 15% to the euro just year-to-date"  
[X Link](https://x.com/anyuser/status/1944676406493098264)  2025-07-14T08:32Z 57.8K followers, 33.3K engagements


"trump just posted that epic bitcoin & blockchain innovation speech from coincenters van valkenburgh 👀"  
[X Link](https://x.com/anyuser/status/1947096619502973274)  2025-07-21T00:49Z 57.8K followers, 121.8K engagements


"theres a disease that infects some 28-32 year olds in NYC where they decide they dont want to grind and instead need to be near the mountains so they move to boulder CO or some shit this has oneshotted many young people who could have had great careers & made lots of money"  
[X Link](https://x.com/anyuser/status/1956680404145934538)  2025-08-16T11:32Z 57.8K followers, 299.5K engagements


"today we announced that galaxy is the first ever publicly traded company to tokenize its SEC-registered shares on a public blockchain these are real $GLXY shares -- not wrappers not synthetics not shares in a foreign SPV. Galaxy Class A Common Stock onchain more here 👇"  
[X Link](https://x.com/anyuser/status/1963230472147706006)  2025-09-03T13:19Z 57.8K followers, 157.7K engagements


"scrooge mcduck explains inflation while his nephews sit on a rai stone 👀"  
[X Link](https://x.com/anyuser/status/1975917228345417942)  2025-10-08T13:32Z 57.8K followers, 43.9K engagements


"absolute joke of an attempt to rewrite history 🤦♂ SBF took customer assets treated them as fungible with his own including his fictitious & illiquid assets comingled and disposed of them at his will losing billions of dollars. basically the highest form of financial crime https://t.co/my8R0T9gNb https://t.co/my8R0T9gNb"  
[X Link](https://x.com/anyuser/status/1978572410581291142)  2025-10-15T21:23Z 57.8K followers, 230.6K engagements


"about [---] years after launching Fidelity Crypto has enabled deposit/withdrawals 👀"  
[X Link](https://x.com/anyuser/status/1984352313230704666)  2025-10-31T20:10Z 57.8K followers, 297.5K engagements


"im lowering my BTC bullish EOY target to $120k (prev $185k) 👀 just sent this note to clients whale distribution non-BTC investments treasury company malaise and other factors contributed to BTC headwinds in [--] (long-term future still bullish of course)"  
[X Link](https://x.com/anyuser/status/1986063118079021068)  2025-11-05T13:28Z 57.8K followers, 183.9K engagements


"a poor man with kids is richer than a rich man with none 💡"  
[X Link](https://x.com/anyuser/status/1986615615533277346)  2025-11-07T02:04Z 57.8K followers, 83.1K engagements


"read my full @glxyresearch quarterly VC report for Q4 [----] here https://www.galaxy.com/insights/research/crypto-blockchain-venture-capital-q4-2025 https://www.galaxy.com/insights/research/crypto-blockchain-venture-capital-q4-2025"  
[X Link](https://x.com/intangiblecoins/status/2019056259928920537)  2026-02-04T14:31Z 57.8K followers, [----] engagements


"i think they will start to get to work on their strategy for rolling back some of the SECs approach to digital assets. i think mark uyeda and hester peirce are ready to get to work *TRUMP'S SEC TO OVERHAUL CRYPTO POLICY MAY FREEZE ENFORCEMENT: RTRS *TRUMP'S SEC REVIEWING SOME CRYPTO ENFORCEMENT CASES PENDING IN THE COURTS: RTRS *TRUMP'S SEC TO OVERHAUL CRYPTO POLICY MAY FREEZE ENFORCEMENT: RTRS *TRUMP'S SEC REVIEWING SOME CRYPTO ENFORCEMENT CASES PENDING IN THE COURTS: RTRS"  
[X Link](https://x.com/intangiblecoins/status/1881812250379571400)  2025-01-21T21:12Z 57.8K followers, [----] engagements


"@AtticusBitty @levantineking @_drewarmstrong_ @TraceMayer @PubKey can you explain what he did"  
[X Link](https://x.com/intangiblecoins/status/1902491118614540387)  2025-03-19T22:43Z 57.8K followers, [---] engagements


"JUST IN: 📝 Sen. Tim Scott and Senate Banking colleagues Lummis Hagerty and Moreno release discussion draft of their crypto market structure bill (Senate version of the CLARITY Act)"  
[X Link](https://x.com/intangiblecoins/status/1947649709071343725)  2025-07-22T13:27Z 57.8K followers, 13.9K engagements


"@Holzmeister @ALGOTARDIO69 imagine being this bagholder"  
[X Link](https://x.com/intangiblecoins/status/1963408778755461499)  2025-09-04T01:08Z 57.8K followers, [---] engagements


"cheers to everyone even the haters 🧡"  
[X Link](https://x.com/intangiblecoins/status/1967003404611604878)  2025-09-13T23:12Z 57.8K followers, 12K engagements


"this is a big and important step but what advantage do you get from trading tokenized stocks in CeFi marginal vs traditionally formatted imo the big unlock for tokenized stocks is 1) self custody 2) blockchain settlement / p2p transfer and (importantly) 3) access to DeFi JUST IN: NYSE to launch 24/7 US stock trading through new on-chain tokenized exchange. JUST IN: NYSE to launch 24/7 US stock trading through new on-chain tokenized exchange"  
[X Link](https://x.com/intangiblecoins/status/2013302033286054109)  2026-01-19T17:26Z 57.9K followers, 16.5K engagements


"i dont think thats allowed 4(a)(9) bars deceptive names and 3(e)(3) requires the product to be marketed as the issuers regulated payment stablecoin. regulators are likely to demand clear disclosure of the actual issuer unlikely they can whitelabel from a PPSI but also call it walmart dollar"  
[X Link](https://x.com/intangiblecoins/status/1933585727889215512)  2025-06-13T18:02Z 57.8K followers, [---] engagements

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