@macromule

Research Analyst @River Author of https://xitter.cf/t.co/eNXbmiOdxw Previously Markets and Mining @galaxydigitalhq , @Citi Digital Assets

Joined September 2020
  • Tweets647
  • Following366
  • Followers2.7K
112Media
Sam Baker retweeted
River
@RiverOct 26
Bitcoin is the only major asset class primarily held by individuals. Bonds, stocks, and gold have existed for centuries. So naturally they are more institutionalized. As bitcoin matures, we expect ownership to shift towards institutions. Its ownership distribution will look more similar to gold. This is not necessarily a good or bad thing. It is simply the inevitable consequence of global adoption.
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Sam Baker retweeted
River
@RiverOct 14
How inflation works: In 2023, you weighed 200 lbs. In 2024, you gained 20 lbs (+10%) In 2025, you gained 20 lbs (+9.1%) In 2026, you gained 20 lbs (+8.3%) Government: "You're healthy! Weight gain is down!"
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Sam Baker retweeted
River
@RiverOct 12
Checking in on the fiat currency experiment.
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Sam Baker retweeted
River
@RiverOct 10
~1.5 million bitcoin has been lost through self-custody, about the same as on exchanges. How you store your bitcoin matters. Your keys or not your keys, doing your due diligence is your responsibility.
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Sam Baker retweeted
River
@RiverOct 8
1 million more bitcoin. That's how much businesses are on track to buy within five years. Our new report shows the biggest trends shaping business bitcoin adoption in 2026.

Businesses already own 8% of all bitcoin

Article · @River
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Sam Baker retweeted
River
@RiverOct 5
There’s not enough bitcoin for everyone. Here’s who is fighting over the supply.
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Sam Baker retweeted
River
@RiverSep 30

The hidden $800 billion tax on Americans

Article · @River
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Sam Baker retweeted
River
@RiverSep 23
For once, there is a real supply shock in bitcoin. This year: - Trading volumes are down 30% - Price is up 50% - 81% of the supply hasn’t moved in 6 months Our newsletter covers the details👇
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Sam Baker retweeted
River
@RiverSep 20
Looking for in-depth research on all things bitcoin? Ours is completely free. You can easily find all our work at River.com/research
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Sam Baker retweeted
Bram Kanstein
@bramkSep 17
LIVE: BFM284 w/ @river’s @macromule⚡️ We discuss how Bitcoin gets to $840K in the next 5 years. 🔸The death of 60/40 🔸Stocks failing in high inflation 🔸The case for 10% Bitcoin 🔸(Extremely early) institutional adoption 🔸Bitcoin price multipliers 🔸Bitcoin hodl time horizons

We Don’t Need a Crisis for $250K-$840K Bitcoin | Sam Baker | BFM284

We discuss the death of 60/40, bonds under inflation and debt-to-GDP pressure, institutional Bitcoin allocation dynamics, and the supply squeeze multiplier behind a $250k to $840k Bitcoin case.

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Bitcoin Could Reach $840,000 Within Five Years | @macromule Timestamps: 00:00 Introduction 00:41 The case for $840,000 Bitcoin 06:55 Which investors are adopting Bitcoin? 09:22 $1 of buying can add more than $1 to market cap 14:00 The case for a 10% Bitcoin allocation 20:43 What is Bitcoin? 23:04 How much Bitcoin is too much? 25:25 What new Bitcoin investors should know 26:28 Exchange custody vs. self-custody 29:02 What would confirm the $840,000 thesis? 30:42 The CLARITY Act 32:09 Would $840,000 Bitcoin still be early? 36:05 How AI could accelerate Bitcoin adoption 38:27 Businesses are driving Bitcoin demand 41:09 Closing thoughts
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Sam Baker retweeted
River
@RiverSep 10
Why do Central Banks target 2% inflation? Why not 0% or any other number? This one off-hand remark during a TV interview in New Zealand started it all:
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Sam Baker retweeted
Eric Yakes
@ericyakesSep 8
Zcash is not "Private Bitcoin" It shipped an emergency fork in 3 days with no vote, no ZIP, no miner signaling, then deprecated its node implementation forcing everyone to upgrade That's not how neutral money works Here's the deep dive ericyakes.substack.com/p/zca…
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Sam Baker retweeted
River
@RiverSep 8
Here is the inflation the government won't tell you about:
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In today's WSJ, @gladstein: Even if traditional money and payment systems work well enough for most of us Americans, given the legacy of the Great Financial Crisis, we should be able to appreciate what bitcoin has given us: a world in which “transaction denied” doesn’t exist.
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Sam Baker retweeted
River
@RiverSep 4
What research would you like to see from us next?
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Sam Baker retweeted
River
@RiverAug 18
Replying to @Jason
We're open to all feedback to improve it. The core message we aim to get across is that regardless of who is voted into power, money will be printed at increasing rates. We believe your friend @friedberg has a lot to say on this.
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Sam Baker retweeted
River
@RiverAug 17
Here is where our $40 trillion in debt comes from:
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Sam Baker retweeted
River
@RiverJul 23
Here is our submission.
European Central Bank
@ecbJul 23
Ten selected design proposals for the next series of euro banknotes have been unveiled. Explore the proposals and tell us which ones you prefer. Have your say surveys.ecb.europa.eu/10b/ec…
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Sam Baker retweeted
River
@RiverJul 8
Suffering from fiat brain? This might help.
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