Bitcoin Research and Long-Term Investing by Joe Burnett
Korean stock market enters freefall as major sectors stumble, Joe Burnett notes
Joe Burnett draws attention to the significant decline in the Korean stock market, connecting it to setbacks in the global AI and semiconductor trade. He also observes that previous Bitcoin cycle ...
Joe Burnett: Challenges of changing Bitcoin consensus rules outlined by BIP-110
Joe Burnett discusses the challenges involved in changing Bitcoin’s consensus rules, using BIP-110 as a recent example. He emphasizes the importance of understanding the game theory behind ...
Amplified Bitcoin trades at a persistent premium, Joe Burnett notes
Joe Burnett discusses why amplified Bitcoin products tend to trade at a premium. He points to factors such as the influence of Tobin’s Q, indicating that persistent market premiums suggest ...
Joe Burnett: Questions futures market for minority chain coins after BIP-110 Flag Day
Joe Burnett raises the question of whether a futures market exists for coins on a potential minority chain if BIP-110 reaches Flag Day and results in a chain split. The inquiry centers on the ...
Public and institutional Bitcoin holders help maintain protocol, Joe Burnett notes
Joe Burnett highlights the importance of self-custody when it comes to Bitcoin ownership. He notes that widespread adoption of Bitcoin by public companies and institutions brings an additional ...
Joe Burnett: U.S. government issued 1,000,000 BTC worth of new debt
Joe Burnett highlights that the U.S. federal government issued approximately 1,000,000 BTC worth of new debt yesterday. He expresses concern about the sustainability of such actions by the U.S. ...
Contentious soft forks require strong miner and user support, Joe Burnett notes
Joe Burnett highlights that contentious soft forks in Bitcoin require significant support to become active. He points out that BIP-110 currently has about 1% voluntary miner signaling, which is ...
Joe Burnett: Corporate bitcoin treasuries with short-term debt pose risks
Joe Burnett reflects on his experience joining Semler Scientific, later acquired by Strive, in 2025. He notes that a public company holding a bitcoin treasury offered a unique structure where ...
Bitcoin hit a record 275 days ago, Joe Burnett notes
Joe Burnett notes that Bitcoin achieved its most recent all-time high only 275 days ago. He draws comparisons to highlight how recent this milestone is, equating the time span to about one Major ...
Joe Burnett: Strategy holds $51.5B of BTC and $10.5B of STRC outstanding
Joe Burnett contrasts the state of Luna and UST prior to their collapse with the current situation of Strategy. He observes that before Luna and UST failed, about $18.7B of UST was circulating, ...
Halvings could create supply and demand imbalances fueling cycles, Joe Burnett suggests
Joe Burnett raises the possibility that cryptocurrency market cycles could be driven by the supply and demand imbalances created by halvings. He questions whether these halvings are the main ...
Joe Burnett: Bitcoin rises above companies, individuals and governments as a foundational protocol
Joe Burnett highlights the significance of Bitcoin, stating that it stands far above any single company, individual, or government. He describes Bitcoin as a foundational protocol that is ...
Strategy may deploy measures after recent market lows, Joe Burnett notes
Joe Burnett discusses the current challenges facing Strategy as its STRC shares undergo significant market testing. He suggests that if Strategy allows the price to test new lows but subsequently ...
Joe Burnett: U.S. should acquire 1,000,000 BTC for Social Security stability
Joe Burnett suggests that the U.S. should purchase 1,000,000 BTC to ensure the long-term solvency of Social Security programs. He argues that such an acquisition could help alleviate concerns ...
Impact of acquiring $100 trillion Bitcoin examined, Joe Burnett analyzes
Joe Burnett poses a hypothetical scenario about the implications if someone printed $100 trillion dollars and used it to acquire $100 trillion worth of Bitcoin. His question explores what the ...
Joe Burnett: High volatility leads to frequent 50 percent drawdowns for Bitcoin
Joe Burnett highlights that assets with a 40 percent compound annual growth rate and 70 percent volatility are almost certain to experience 50 percent drawdowns on a regular basis. He points to ...
Bitcoin faces doubts from longtime holders, Joe Burnett notes
Joe Burnett observes that sentiment among experienced Bitcoin participants is turning increasingly negative, with some even expecting annual appreciation of less than 8%. He suggests this ...
Joe Burnett: Wealth from technology progress may accrue to Bitcoin holders
Joe Burnett underscores the competitive nature of free markets, highlighting how even the strongest business advantages can fade over time. He suggests that as technology continues to advance ...
Transparent supply verification helps address exploits, Joe Burnett notes
Joe Burnett raises concerns about the potential presence of bugs in Zcash, suggesting that such issues could lead to market uncertainty regarding the true supply. He contrasts this with Bitcoin, ...
Joe Burnett: Bitcoin trading below its all-time high from 5 years ago
Joe Burnett observes that bitcoin is currently trading below its all-time high from 5 years ago. He also points out that in 2022, bitcoin was similarly below its peak from 5 years earlier. ...
Digital credit remains resilient as bitcoin falls, Joe Burnett notes
Joe Burnett observes that digital credit drawdowns are demonstrating increasing resilience even as bitcoin prices decline. The statement highlights a divergence in performance between digital ...
