What Bitcoin Did
2024: BITCOIN IN REVIEW w/ HODL & ODELL
- Bitcoin ETFs surpassed gold ETFs in total assets under management within one year, unlocking institutional capital flows that accelerated price appreciation beyond typical halving cycles.
- Strategic Bitcoin Reserve (SBR) has approximately 90% probability of happening via executive order in Trump's first 100 days, with potential for secret acquisition to avoid price slippage.
- Nation-state competition for Bitcoin accumulation creates game-theoretic pressure; USD may separate from reserve asset role while remaining reserve currency, solving Triffin's Dilemma.
- Nostr protocol enables uncensorable communication and Bitcoin payments integrated into social media, positioning it as a preview of a Bitcoin-standard world.
- Regulatory environment expected to improve under Trump administration, with potential for Bank Secrecy Act repeal and better treatment of Bitcoin developers and self-custody.
- Surveillance risks persist despite regulatory improvements; ETF-based borrowing strategies may create soft incentives for paper Bitcoin rather than self-custody.