Sat Living⚡️

MSCI confirmed Strategy's removal from its indexes, effective November 30. MSTR closed at $122.35 Wednesday and was down about 6.5% premarket to $114.38; JPMorgan estimates about $2.8 billion in forced selling. BNY is adding staking to its digital asset custody platform through Figment, letting institutional clients stake crypto held in custody.

1 S.D. from the BTC/M2 supply mean puts Bitcoin between $235K - $953K at the next halving (4/28) with a mean of $473K.

Bitcoin isn’t one power law. It’s four. Addresses: time^3 Price: time^5.6 Hashrate: time^11 Transactions: time^2.5 Each exponent is roughly double the last. Price tracks the square of the user base. Security tracks the square of price. 16 years. Same lines.

Hot CPI has the Fed on a hiking path (December ~90% priced), BTC is pinned to its 200-day moving average near $73,200 with ETF outflows slowing — and MSTR faces today's MSCI decision, with ~$2.8B of index flows at stake which would be effective 11/30. Deutsche Bank went live with digital asset custody for Bitcoin, Ether and stablecoins for corporate and institutional clients in Europe, and signed a deal with its asset management arm on tokenized funds and crypto ETCs.

“ The wise man does not chase the fleeting riches of the marketplace, but seeks that which cannot be diminished by the hands of another. For gold may be seized, kingdoms may fall, and currencies may fade, but what is governed by truth, mathematics, and patience shall endure. He who understands Bitcoin does not merely possess wealth; he understands the nature of freedom.” - A saying inspired by Confucius

Bitcoin is down roughly 40% from its high. The number of public companies holding it: 33 → 197. Price is an opinion. Balance sheets are a decision.

October CPI came in hot: headline +0.4% vs +0.3% expected, core +0.3% vs +0.2% expected, hitting Waller's trigger for a possible half-point December hike. Nasdaq futures fell 1.2% and Bitcoin slipped to about $73,800.

The bottom of the Ichimoku cloud is now acting as support.

Bitcoin closed the week below its 50-week average of $75,488 for the first time in eight weeks after a Sunday flush to $73,477 liquidated $1.15B in leveraged positions. October CPI lands Tuesday. Square expects to complete its Bitcoin payments rollout to more than 4 million US merchants by November 10. Customers pay over Lightning; merchants receive dollars by default and can keep up to 50% of daily sales in BTC.