Bitcoin Roundup by Coinbits: Recent Episodes

Coinbits

Bitcoin Roundup delivers a 20 minute discussion of the biggest bitcoin news stories of the week.

Money is one of humanity's most fundamental inventions, yet its nature is rarely examined. What is money, really? What makes a good money? And why is sound money so important? Enter bitcoin – a revolutionary form of digital money that challenges our understanding of what money can be. Bitcoin is not just a new currency, but a new monetary system that is decentralized, scarce, and resistant to censorship. Its implications reach far beyond finance, into the realms of economics, politics, and even philosophy. Let's dive in!


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The fiat train rumbles on!


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Sats Standard Ventures invests in companies dedicated to building on Bitcoin and the Bitcoin and Lightning ecosystems.

Interested in joining our live discussions? Tune into our Twitter Spaces every week! Follow us at https://www.twitter.com/coinbitsapp.

Turn your spare change into bitcoin: https://coinbits.app/product-features/round-ups

Follow Sats Standard Capital on Twitter: https://twitter.com/SatsStandardCap

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In this episode, Andrew Howard (@Andrew_J_Howard) speaks about bitcoin, how he got orange-pilled while in the Marine Corps, his experience selling bitcoin to High Net Worth Individuals (HNWI's) over the last three years through @BTCReserveHQ, and more.

Interested in joining our live discussions? Tune into our Twitter Spaces every week! Follow us at https://www.twitter.com/coinbitsapp.

Turn your spare change into bitcoin: https://coinbits.app/product-features/round-ups

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This episode features a conversation with Tatum Turn Up (https://twitter.com/tatumturnup), the host of "Between Two ASICs". His show offers a satirical look into the Bitcoin ecosystem. You can watch Tatum's show via this link: https://www.youtube.com/@TatumTurnUp/.

Interested in joining our live discussions? Tune into our Twitter Spaces every week! Follow us at https://www.twitter.com/coinbitsapp.

Turn your spare change into bitcoin: https://coinbits.app/product-features/round-ups.

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Fascinating conversation with Ben Justman about his low time preference lifestyle, how he was orange pilled, natural wine, his journey into food entrepreneurship and more.

Interested in joining our live discussions? Tune into our Twitter Spaces every week! Follow us at https://www.twitter.com/coinbitsapp.

Turn your spare change into bitcoin: https://coinbits.app/product-features/round-ups

Follow Ben on Twitter: https://twitter.com/BenJustman

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Next up on our podcast, we're thrilled to host Dan Ashmore, an author of "Bitcoin, Money & Human Beings" and Head of Research for Invezz & CoinJournal.

Interested in joining our live discussions? Tune into our Twitter Spaces every week! Follow us at https://www.twitter.com/coinbitsapp.

Turn your spare change into bitcoin: https://coinbits.app/product-features/round-ups

Follow Dan on Twitter: https://twitter.com/DanniiAshmore

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Blockware Solutions is an industry leader in Bitcoin mining and hashrate infrastructure.

Interested in joining our live discussions? Tune into our Twitter Spaces every week! Follow us at https://www.twitter.com/coinbitsapp.

RESOURCES:

Turn your spare change into bitcoin: https://coinbits.app/product-features/round-ups

Blockware Solutions: https://www.blockwaresolutions.com/

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On this Bitcoin Roundup episode, we had a fascinating conversation with Kate Wand. She's a Liberty Maximalist with a knack for addressing societal issues through artwork, films, and stimulating dialogues, skillfully intertwining historical narratives with present-day realities from a psychological and moral perspective. Enjoy!

Interested in joining our live discussions? Tune into our Twitter Spaces every week! Follow us at https://www.twitter.com/coinbitsapp.

RESOURCES

Turn your spare change into bitcoin: https://coinbits.app/product-features/round-ups 

Kate's Twitter: https://twitter.com/katewand

Kate's website: https://very-opinionated.com/

Kate's youtube: https://www.youtube.com/@KateWand 

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CK is the Managing Director of Bitcoin Magazine and has been with BTC Media Inc. since 2016.  He's Bitcoin-Twitter famous for his saying "37 sats" alluding to the last block reward for Bitcoin miners, which will be "generational wealth".  CK is very well spoken, has very unique views on the Bitcoin Industry, having lived in it for the past 7 years, and is one of the most bullish Bitcoiners we know!

In this conversation we discuss:

  • How CK learned about Bitcoin
  • Early Bitcoin Days
  • How Bitcoin Magazine started... and how it's going
  • Challenges in Building a Bitcoin Business
  • Talent in Bitcoin
  • Bitcoin Price Volatility from a Business POV
  • Bitcoin 2023: Behind-the-Scenes at planning
  • Bitcoin in India
  • What CK is most Bullish about
  • Advice for class of 2021

and so much more!

We thoroughly enjoyed talking to CK and gaining his perspective, especially as a Bitcoin-only Company ourselves.  We're sure you're going to love this conversation, too!

Links* Get free DCA (unlimited) for a limited time when you sign-up to Coinbits: https://www.coinbits.app * Follow us on Twitter: https://twitter.com/CoinbitsApp * Follow CK on Twitter: https://twitter.com/ck_SNARKs

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Knut Svanholm is a former tall ship sailor, singer, and crew manager at an offshore shipping company. His book "Bitcoin: Sovereignty through mathematics" was one of the most praised Bitcoin books of 2019 and he's the mind behind the "Infinity divided by 21M" meme. He writes about the philosophical impacts of Bitcoin and how it can change the world for the better. His earlier books on Bitcoin are two of the highest-rated books on the subject. He's collaborating with other bitcoiners frequently and is the author behind several educational videos on the subject.

In this conversation we discuss:

  • Knut's early encounter with Bitcoin
  • How his career influenced his perspective
  • The separation of Money and State
  • Infinity divided by 21 million
  • Not using money for daily transactions
  • Bitcoin as a 4D discovery or invention
  • Exciting times ahead

and so much more!

Knut's philosophical view on Bitcoin and vision of the future is fascinating and remarkable. You're going to love this conversation!

Links* Get free DCA (unlimited) for a limited time when you sign-up to Coinbits: https://www.coinbits.app * Check out Knut's work, books, appearances, and swag shop: https://www.knutsvanholm.com * Follow us on Twitter: https://twitter.com/CoinbitsApp * Follow Knut on Twitter: https://www.twitter.com/knutsvanholm

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Earlier this year, we had the pleasure of catching up with Aleks Svetski on what he's been up to and his latest essays for Bitcoin Magazine.

In this conversation we discuss:

  • Aleks' inspiration for his latest work
  • fiat collectivism
  • bitcoin as a moral and logical high ground
  • The idea of the remnant
  • How does hyperbitcoinization happen?
  • What Bitcoiners can do to support the movement
  • Bitcoin across the world through Aleks' travel
  • Trends and development in the Bitcoin ecosystem

and so much more!

If you've ever heard Aleks speak before, you know he doesn't censor himself and shares his thoughts exactly how he means them.  This conversation is no different. Enjoy!

Links* Get free DCA (unlimited) for a limited time when you sign-up to Coinbits: https://www.coinbits.app * Follow us on Twitter: https://twitter.com/CoinbitsApp * Follow Aleks on Twitter: https://twitter.com/SvetskiWrites * Check out Aleks and Mark Moss' book The Uncommunist Manifesto: https://www.uncommunist.com

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Last week, we had the pleasure of talking with Dr. Jeff Ross aka @VaileshireCap aka Dr. Bull (for now) to update our 2023 macro thesis for Bitcoin and the broader market.

In this conversation, we cover:

  • Bitcoin Price run-up... What's causing it?
  • Fed demeanor and language changes
  • Market implied rate pathway in 2023
  • Is inflation ACTUALLY easing?
  • What are the 2y/10y/30y yields telling us about Fed future actions and market expectations?
  • Are we actually going to see a recession or worse?
  • Impact of a bunch of hypothetical scenarios on financial market outlook: war, cyber pandemic, major credit event, and many more.
  • Bitcoin 2023 Price Prediction
  • How to financially prepare for any of these scenarios.

Jeff is always thoughtful, measured, and provides good justification for his (often wrong; his words not ours) predictions for the future. While this is NOT financial advise, it is a very fun and informative conversation. We enjoyed it and are sure you will too!

Join us on Twitter Spaces every week for discussions like this!

Links

  • Follow us on Twitter: https://www.twitter.com/coinbitsapp
  • The best way to introduce Bitcoin to newbies: https://www.coinbits.app
  • Follow Dr. Jeff Ross on Twitter: https://twitter.com/vailshirecap
  • check out Vailshire Capital Management: https://www.vailshire.com

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While no one, governments included, can control or regulate Bitcoin itself, companies, exchanges, and the broader surrounding ecosystem can be.

We recently chatted with BitAML's Joe Ciccolo about the regulatory playing field where Bitcoin currently sits. In this conversation we cover:

  • Things that impact Bitcoin Public Policy Influence
  • FTX from a regulatory POV
  • Federal Public Policy 101: What do each of these organizations do and what's their take on Bitcoin?
  • SEC
  • FinCEN
  • CFTC
  • CFPB
  • Inter-agency political competition
  • State public Policy & Money transmission license definitions
  • States competing to be more Bitcoin-friendly?
  • Wyoming, Texas and...?
  • lobbying for Bitcoin?
  • What Bitcoin Companies can do to make it easier for lawmakers to understand bitcoin
  • What Bitcoiners can do to decrease the regulatory attack surface on bitcoin.

Joe's knowledge in these regulatory arenas is only matched by his ability to distill down complex facts and ideas to every day people. Once you listen to this conversation you'll know what Bitcoin is up against in the US from a regulatory perspective. Enjoy!

  • Follow us on Twitter: https://www.twitter.com/coinbitsapp
  • The best way to introduce Bitcoin to newbies: get them to own some without feeling like they're "investing": https://www.coinbits.app
  • Check out bitAML: https://www.bitaml.com/
  • Follow Joe Ciccolo: https://twitter.com/aml_report

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Late last year, we spoke with TVP's Christopher Calicott and Matthew Snow and Impervious.ai founder Chase Perkins about building Bitcoin companies, whether they be VC firms or technology companies, the Bitcoin way.

In this conversation we discuss:

  • motivation behind building a Bitcoin-specific VC firm
  • the FTX situation: how could all the VC's involved have missed the red flags?
  • bitcoin-parallel vs. bitcoin-focused investment opportunities
  • How to be a low-time-preference VC fund, in practice, given the "promising" potential ROI from the "crypto" space?
  • White-space for Bitcoin businesses to fill
  • Criteria to determine if a project will be long-term successful in a Bitcoin-standard world? How does Impervious specifically fit this criteria from an investor's perspective?
  • Chase's motivation for building Impervious
  • what's it like to try to fundraise for a Bitcoin-only project and the temptation to tokenize to gain VC exposure.
  • Impervious: current features, the roadmap, what to expect, support needed from the plebs?
  • advice for builders in Bitcoin and potential founders
  • Tips for the plebs on how to survive a bear market

If you ever wanted to peak into the minds of Bitcoin builders and VCs, you won't want to miss this conversation.

Be sure to follow us on Twitter and subscribe to be notified of future episode releases!

Links

  • Follow us on Twitter: https://www.twitter.com/coinbitsapp
  • The best way to introduce Bitcoin to newbies: get them to own some without feeling like they're "investing": https://www.coinbits.app
  • Check-out what TVP is up to: https://tvp.fund/
  • Download and begin using Impervious: https://www.impervious.ai/
  • Follow Christopher: https://twitter.com/mecee
  • Follow Chase: https://twitter.com/ChaseTheTruth
  • Follow Matt: https://twitter.com/mattcsnow
  • Follow Impervious: https://twitter.com/ImperviousAi

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This is a must listen for anyone interested in finding out the status of Bitcoin adoption in El Salvador 1 year after it was declared legal tender in the country.

Shortly after the AdoptingBTC Conference, which is held yearly in El Salvador, we wanted to see how things really are on the ground in El Salvador from a neutral observer. So we spoke to Joe Hall (aka Joe Nakamoto) to get his perspective, who as both Bitcoiner and as a Journalist, was as close as we can get to an objective assessment of how adoption is really going there.

We discussed:

  • general state of the country for those who have never been there
  • Attitude towards Bukele amongst locals
  • How well the average person there understands bitcoin
  • Businesses dealing with Bitcoin
  • Bitcoin wallets and Chivo
  • Impact of Bitcoin price volatility on El Salvador citizens
  • Does the average El Salvadoran view Bitcoin as hope?
  • What can bitcoiners do to help adoption continue and thrive there?

Joe is very thoughtful, articulate and nuanced in his views and perspective. Don't miss this conversation!

Links

  • Follow us on Twitter: https://www.twitter.com/coinbitsapp
  • The best way to introduce Bitcoin to newbies: get them to own some without feeling like they're "investing": https://www.coinbits.app
  • Follow Joe: https://twitter.com/JoeNakamoto
  • Follow Joe's work: https://cointelegraph.com/authors/joseph-hall

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In early Q4 last year, we had the pleasure of talking with Dr. Jeff Ross aka @VaileshireCap aka Dr. Bear (or is it Dr. Bull now?) regarding a variety of macro topics related to Bitcoin.

In this conversation, we cover:

  • Market volatility
  • Does the BOE news cause the Fed to reconsider their current path?
  • Credit Swisse… Lehman brother moment of 2022?
  • What happens to Europe of the fed pauses but ECB keeps hiking?
  • When does Dr. Bear turn to Dr. Bull?
  • Global Debt Crisis... 22-23 or something later? how does this play out?
  • What does a market bottom look like?
  • advice for people to manage the madness of the next couple of years

and much more.

Jeff always bring the heat and simplifies the complexity for the uninitiated, which is why we love talking and listening to him.  You will too; enjoy!

Join us on Twitter Spaces every week for discussions like this!

Links

  • Follow us on Twitter: https://www.twitter.com/coinbitsapp
  • The best way to introduce Bitcoin to newbies: https://www.coinbits.app
  • Dr. Jeff Ross Twitter: https://twitter.com/vailshirecap
  • check out Vailshire Capital Management: https://www.vailshire.com

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To close out 2022, the Coinbits team reflected on their experiences and takeaways from another year in the books for Bitcoin. In this conversation we discuss:

  • price fluctuation impact on people's conviction?
  • will more people be on-boarded to bitcoin first?
  • Immunity to the cyclical nature of Bitcoin's price
  • Bitcoin UX
  • Bitcoin Privacy
  • Institutions that came into bitcoin in 2022
  • The evolution of CBDCs in 2022
  • How might CBDCs be rolled out in a way that people won't reject them?
  • Self-custody your Bitcoin
  • FTX Debacle
  • Convenience Trade-offs
  • "then they fight you"
  • what will 2023 bring to Bitcoin?

and so much more. Enjoy!

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Join us on Twitter Spaces every week for discussions like this!

Links

  • Follow us on Twitter: https://twitter.com/CoinbitsApp
  • Check out the best DCA app on the planet: www.coinbits.app
  • Follow Maher on Twitter: https://twitter.com/mjanajri
  • Follow Yousef on Twitter: https://twitter.com/janajri
  • Follow Dave on Twitter: https://twitter.com/contrarymo
  • Follow Joe on Twitter: https://twitter.com/JML_23
  • Follow Frieda on Twitter: https://twitter.com/FriedaHodl
  • Follow George on Twitter: https://twitter.com/BitcoinerGeorge
  • Follow Barney on Twitter: https://twitter.com/BWGLewis

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Earlier this year, Coinbits turned 5 years old. Happy Birthday Coinbits! In this conversation with the founders and a few team members, we discuss:

  • How Yousef and Maher (the founders) discovered Bictoin
  • Is Bitcoin different today then it was back then? How?
  • What motivated the building of Coinbits
  • The temptation to dabble in altcoins
  • Behind-the-scenes at a Bitcoin company
  • How a Bitcoin business should deal with price volatility
  • funny (now, not at the time) events that take place in start-ups, specifically BITCOIN start-ups
  • What makes working for a Bitcoin company so different than fiat work

and so much more!

Tears were shed, laughs were had, and the building continues. If you've been yearning to learn about the team behind Coinbits, this is an episode you won't want to miss!

Join us on Twitter Spaces every week for discussions like this!

Links

  • Follow us on Twitter: https://twitter.com/CoinbitsApp
  • Check out the best DCA app on the planet: www.coinbits.app
  • Follow Maher on Twitter: https://twitter.com/mjanajri
  • Follow Yousef on Twitter: https://twitter.com/janajri
  • Follow Dave on Twitter: https://twitter.com/contrarymo
  • Follow Joe on Twitter: https://twitter.com/JML_23
  • Follow Frieda on Twitter: https://twitter.com/FriedaHodl
  • Follow George on Twitter: https://twitter.com/BitcoinerGeorge

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Eric Yakes is the author of one of the most popular Bitcoin books: The 7th Property.

In this conversation with Eric, we cover:

  • How did money turn political?
  • can money ever NOT be political?
  • Does bitcoin align with 1 political ideology more than another?
  • Bitcoin is the separation of money and state; what does this mean practically?
  • Power of governments/future state of governance
  • Social ramifications
  • “Shared” resources; mUh roads, etc
  • will bitcoin centralize over time, like existing power structures?

and much more.

Eric has a very even-keeled take on how things will play out: very reasonable and well-thought-out, which is why we love talking and listening to him.  You will too; enjoy!

Join us on Twitter Spaces every week for discussions like this!

Links

  • Follow us on Twitter: https://www.twitter.com/coinbitsapp
  • The best way to introduce Bitcoin to newbies: https://www.coinbits.app
  • Eric Yakes' Twitter: https://twitter.com/ericyakes
  • Follow Eric's work: https://yakes.io/

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We had the pleasure of picking uncle Greg Foss' brain on a variety of macro topics related to Bitcoin.

In this conversation, we cover:

  • bond yields
  • interest expense on US public debt
  • Credit Suisse contagion
  • What is a Credit Default Swap (CDS)?
  • Royal Bank of Canada playbook: could it play out again?
  • Impact of Fed rate hikes on EU and the rest of the world
  • Why and how Bitcoin is the only answer
  • How to educate the world on economics and Bitcoin and the work of lookingglasseducation.com

and much more.

Foss always bring the heat and minces no words, which is why we love talking and listening to him.  You will too; enjoy!

Join us on Twitter Spaces every week for discussions like this!

Links

  • Follow us on Twitter: https://www.twitter.com/coinbitsapp
  • The best way to introduce Bitcoin to newbies: https://www.coinbits.app
  • Greg Foss Twitter: https://twitter.com/fossgregfoss
  • Support Greg's educational efforts by: https://lookingglasseducation.com/

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At Bitblockboom 2022, we spent some time chatting with Marty Bent

In this conversation we covered a variety of topics:

  • How TFTC started
  • the good ol' days of the last bull cycle
  • Ten31 roots
  • low-time-preference venture capital
  • The importance of building on Bitcoin

and much more.

Marty's got such a unique purview of Bitcoin and the industry growing industry around it so we can't get enough of his perspective. Enjoy!

Join us on Twitter Spaces every week for discussions like this!

Links

  • Follow us on Twitter: https://www.twitter.com/coinbitsapp
  • The best way to introduce Bitcoin to newbies: https://www.coinbits.app
  • Marty Bent Twitter: https://www.twitter.com/martybent
  • Marty's awesome podcast and newsletters: https://www.tftc.io
  • Ten31: https://www.ten31.vc

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In October 2022, we spent some time chatting with Michael Goldstein aka Bistein.

In this conversation we covered a variety of topics:

  • Europe attempting to outlaw PoW
  • How did the Nakamoto Institute start?
  • The Austrian Theory of the Business cycle
  • can governments return to a gold standard?
  • Arguments against Bitcoin
  • Why memes are so effective and why Bitcoiners are much better memers than any other group of people.
  • Bitcoin community in Austin
  • How to survive a bear market

and much more.

Michael is one of the most intelligent Bitcoiners around, and he always brings the heat. Enjoy!

Join us on Twitter Spaces every week for discussions like this!

Links

  • Twitter: https://www.twitter.com/coinbitsapp
  • Check out Coinbits: https://www.coinbits.app
  • Bitstein Twitter: https://www.twitter.com/bitstein
  • Bully Michael into restarting Noded Podcast by subscribing: https://www.youtube.com/@bitstein
  • Educate yourself: https://https://nakamotoinstitute.org/

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In this episode, we talk with Lawrence Lepard, the guys behind WTFhappenedin1971.com: Ben Prentice and Heavily Armed Clown, and Saifedean Ammous about the following topics:

  • What motivated them to educate about the decoupling of money from gold.
  • Did Nixon have a choice? What else could he have done?
  • Of all the things that went wrong beginning in 1971, what is the most impactful of the following: food? education? real earnings & savings? other social phenomona?
  • What 1971 chart triggers people the most?
  • Pushback on the idea that 1971 events caused these issues
  • What aspect of the nixon shock is least understood or talked about
  • Do people in government understand what happened in 1971 and its implications?
  • Is bitcoin a forcing function to up this number and education on the topic?
  • can what happened with gold backing the dollar, fractional reserve, etc. happen to a future government on a bitcoin standard?
  • How can an average bitcoiner of the class of 2021 get up to speed on all of this history and knowledge that has been memory-holed?
  • what can the average person do to help spread this knowledge and support wtf 1971?

and so much more!

These guys are some of the brightest minds in the Bitcoin space and they never disappoint! You won't want to miss this conversation!

Join us on Twitter Spaces every week for discussions like this!

Links

  • https://www.wtfhappenedin1971.com
  • Coinbits Twitter: www.twitter.com/coinbitsapp
  • App: https://www.coinbits.app
  • Lawrence Lepard's EMA: https://www.ema2.com/
  • Lawrence Lepard's twitter: https://twitter.com/LawrenceLepard
  • Ben Prentice: https://twitter.com/mrcoolbp
  • HAC: https://twitter.com/heavilyarmedc
  • Saifedean Ammous: https://www.saifedean.com

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At BitBlockBoom 2022, we had the honor of sitting down with Mark Moss and picking his brain on a variety of topics.

In this conversation we talked through Mark's ability to share Bitcoin with all sorts of audiences, not-so-conspiratorial conspiracy theories, the state of the world today, and his book with Aleks Svetski: Uncommunist Manifesto, and much more. 

Join us on Twitter Spaces every week for discussions like this!

Links

  • Twitter: https://www.twitter.com/coinbitsapp
  • Check out Coinbits: https://www.coinbits.app
  • Mark Moss Twitter: https://twitter.com/1MarkMoss
  • Watch Mark's Videos: https://www.youtube.com/c/MarkMoss
  • Listen to Mark's Show: https://www.iheart.com/podcast/269-market-disruptors-83953109/
  • Get the book: https://www.uncommunist.com

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A timeless conversation with "Bitcoin's Royal Family" (according to Saifedean Ammous, anyway), about the adoption of Bitcoin.  In this conversation we discuss:

  • CBDCs and how the US should think about them.
  • What it's like to be married to a Bitcoin Maximalist
  • How to structure your finances as a family
  • Teaching kids good financial habits, and about Bitcoin
  • The importance of a "tribe"
  • The State of the Bitcoin Capital of the world (for now anyway): Austin, Texas
  • How to talk to a financial advisor about Bitcoin
  • How to survive a bear market

and so much more!

Pierre and Morgen are 2 of the brightest minds in the Bitcoin space and they never disappoint! You won't want to miss this conversation!

Join us on Twitter Spaces every week for discussions like this!

Links

  • Twitter: www.twitter.com/coinbitsapp
  • App: https://www.coinbits.app
  • Pierre Rochard: https://rochard.org/
  • Morgen Rochard: https://www.originwa.com

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A Bitcoin Twitter Space conversation featuring Samson Mow, Tone Vays, D++, Tomer Strolight, and more.  In this conversation, we discuss Bitcoin Maximalism, specifically:

  • what is bitcoin maximalism
  • Is there a better term to describe this? Purist? Absolutist?
  • what bitcoin maximalism is twisted to be
  • Separating the idea from the person/people
  • Toxic vs non toxic
  • Is there any value in altcoins
  • How to best onboard people without compromising on truth?

Join us on Twitter Spaces every week for discussions like this!

Links

  • Twitter: www.twitter.com/coinbitsapp
  • App: www.coinbits.app
  • Samson Mow: www.samsonmow.com
  • Tone Vays: www.youtube.com/ToneVays

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At BitBlockBoom 2022, we were honored to chat with Vijay Boyapati, renowned author of The Bullish Case for Bitcoin to cover a wide range of topics including:

  • What inspired him to write
  • How The Bullish Case for Bitcoin started
  • What makes it such a powerful message

and much more!  Vijay's energy and enthusiasm is contagious, and we bitcoiners love him for it.  You won't want to miss this chat!

Join us on Twitter Spaces every week for discussions like this!

Links

  • Twitter: www.twitter.com/coinbitsapp
  • Coinbits: www.coinbits.app
  • Vijay Boyapati: https://twitter.com/real_vijay
  • The Bullish Case for Bitcoin