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by Ram ben Ze’ev Bitcoin at $65,500: Cycles, Confidence, and the Question of Finality Bitcoin currently trades at $65,500. That number must be understood in context. In October 2025, Bitcoin reached an all-time high of $126,098. From that peak, the present price represents a drawdown of roughly 48%. That is not catastrophic by historical standards — but it is significant . Bitcoin has established a pattern across prior cycles: dramatic advances followed by severe corrections. Historically,...

by Ram ben Ze'ev The Silent Seller: How Bitcoin ETFs Turn Fear into Forced Liquidation The greatest risk in Bitcoin today is not volatility. It is not regulation. It is not even leverage. The real danger sits quietly inside the structure of Bitcoin ETFs, largely unseen by retail investors and deliberately softened by institutional marketing. That danger is the absence of human judgment at the moment selling matters most. When Bitcoin is held directly, the decision to sell is personal. It...

by Ram ben Ze’ev Speculation Is Not Strategy: Ethereum, Bitcoin, and the Cost of Belief At the time of writing, Ethereum trades at approximately $2,300 and Bitcoin at approximately $77,800. Those numbers matter not because they are low or high in absolute terms, but because they sit far below the peaks that were loudly promoted as mere stepping stones to something greater. In the world of digital assets, belief has repeatedly been sold as strategy, and speculation dressed up as inevitability....

by Ram ben Ze'ev The Illusion of Profit: Why Strategy’s Bitcoin ‘Gains’ Cannot Be Realised There is a dangerous misunderstanding spreading among retail investors, and it centres on one word: profit . In recent months, Strategy’s public filings and presentations have increasingly framed Bitcoin price movements in terms of operating income, net income, and earnings per share. To the untrained eye, this implies something intuitive and reassuring: that Strategy is generating profits when Bitcoin...

by Ram ben Ze’ev When Strategy Becomes Constraint: The Risk Beneath Strategy’s Bitcoin Reserve (Source @ strategy ) Strategy (NASDAQ: MSTR ) has spent the last five years presenting its Bitcoin treasury policy as a masterstroke of conviction: relentless, quarterly accumulation, regardless of price, with Bitcoin elevated from a speculative asset to a corporate reserve. On the surface, the numbers are impressive. More than 670,000 BTC acquired across 90 separate purchases since 2020,...

Bitcoin, Strategy, and the Manufactured Illusion of Wealth

Owners of Bitcoin and other digital assets will benefit from greater legal protection thanks to an important clarification to the law UK Among First Countries to Recognise Cryptocurrency as Personal Property New law confirms digital assets like crypto tokens can be recognised as personal property Victims of digital theft and fraud gain stronger protections as legislation passes through the final stages of Parliament Part of Government’s Plan for Change for growth to boost the UK’s reputation...

by Ram ben Ze’ev The Digital Trap: Why Bitcoin May Be the Greatest Financial Ambush of Our Time The world has been conditioned to view Bitcoin as a revolutionary force—an escape hatch from the dominance of the U.S. dollar, a decentralised answer to global inflation, and a hedge against political instability. Yet a growing body of evidence suggests that Bitcoin may be functioning not as liberation, but as the most sophisticated instrument ever designed for America to export its unsustainable...

by Ram ben Ze’ev The Illusion of Stability: Why Strategy’s Bitcoin Model Is Cracking What happens when a company becomes so deeply committed to its core asset that it can no longer step away from it without causing its own collapse? That is the question now facing Strategy, and the answer is neither flattering nor encouraging. The company has become synonymous with its Bitcoin reserves. As of this writing, Bitcoin is trading around $86,700 per coin, and Strategy sits on a massive holding of...

by Ram ben Ze’ev When the Tower Falls – Bitcoin’s Collapse and the Reckoning Ahead for Strategy Bitcoin’s recent freefall marks one of the most dramatic asset reversals in modern financial history. Only days ago, Bitcoin hovered near £126,198 per coin — a level hailed as proof that digital scarcity had conquered traditional economic gravity. Today it trades around $80,915, a decline of more than $45,000 per BTC. This is not a correction; this is a structural rupture. Whales have begun...

by Ram ben Ze’ev Bitcoin’s Illusory Floor: Why Rising Mining Costs Expose a Structural Flaw For years, Bitcoin enthusiasts have repeated a mantra: that the “cost of mining” creates a kind of gravitational floor under the price, guaranteeing its long-term appreciation. In theory, this sounds compelling. Unlike fiat currencies, Bitcoin has a fixed issuance schedule. Unlike gold, its supply cannot be expanded in response to higher prices. And because mining becomes progressively more difficult,...

by Ram ben Ze’ev The New Fiat? How Tether May Be Recreating the Old Deception in Crypto The New Fiat Masked in Crypto When Bitcoin was born, it was supposed to be a revolt — a monetary system free from central banks, free from arbitrary inflation, a digital gold beyond manipulation. Yet today, we may be watching a new version of fiat currency emerge — not issued by Washington or Frankfurt, but by Tether. In early October, blockchain monitors observed the sudden minting of two billion dollars’...

by Ram ben Ze'ev A Warning from the Edge: The Silent Death of Private Capital The future has arrived. Quietly, predictably, and almost without resistance. In my recent article, “ A Carrot for the Masses, a Burden for the Few: Rethinking the Universal Basic Dividend ,” I addressed the creeping notion of Universal Basic Income—or as I termed it, the Universal Basic Dividend (UBD)—as not a gift of liberty, but a velvet collar. Today, I issue a far sterner warning: we are on the cusp of an...

SFO has frozen £10,865.76 in Bitcoin and £289.30 in USDC (value at the time of freezing) in cryptocurrency belonging to Arena TV's CEO,...

by Ram ben Ze'ev Bitcoin at $122,614: The High Before the Fall In my continuing narrative warning of the inherent risks of speculating with Bitcoin, it is now more important than ever to heed the signs. As of this writing, Bitcoin ($BTC) has reached the nose-bleed heights of $122,614.39 per coin. Bulls may be celebrating with chest-thumping bravado, backslaps, and snide dismissals of the so-called "doomsayers"—but the time has come to consider those warnings seriously. Bitcoin has been here...

by Ram ben Ze’ev The Bitcoin Illusion — Who Really Owns the Future of Crypto? Bitcoin was born in rebellion. A decentralised, peer-to-peer digital currency designed to free the world from the grip of banks and governments. It promised a new age of financial freedom — incorruptible, transparent, and democratic. But behind the marketing slogans and techno-utopian rhetoric lies a hard truth: Bitcoin is no longer the currency of the people. It is the asset of the elite. And recent figures make...

by Ram ben Ze’ev Bitcoin’s Halving: A Fatal Flaw Masquerading as a Feature The breathless chorus of Bitcoin believers rejoices every few years with religious zeal over a curious ritual known as “the halving.” This event, hardcoded into Bitcoin’s protocol, reduces by half the number of new coins awarded to miners for securing the network and processing transactions. Its supporters herald it as a stroke of genius — a deflationary safeguard against inflation. But let’s set aside the hymns of...

by Ram ben Ze’ev MicroStrategy Inc. (NASDAQ: MSTR) has become something of a poster child for Bitcoin fanaticism . Once known as a business intelligence firm, today it is better understood as a high-stakes proxy for digital gold speculation. The company no longer lives or dies by the merit of its software—it survives on the volatile tides of Bitcoin. Its CEO-turned-evangelist, Michael Saylor, has led this transformation by converting nearly the entire balance sheet into a bet on a digital...

by Ram ben Ze’ev The End of the Code: Why Bitcoin's Days Are Numbered We live in a world of illusions—comforting, profitable, fleeting illusions. Perhaps no illusion has been more seductive than the one peddled by cryptocurrency advocates: that Bitcoin, Ethereum, and the entire constellation of decentralised tokens are invincible, incorruptible, and infallibly secure. But just beneath the glossy surface of digital charts and bullish headlines lies a threat so monumental that most refuse to...

Changes support innovation while cracking down on fraudsters Clear new rules to give investors confidence and protect consumers...

by Ram ben Ze'ev The High Cost of Hype: How Bitcoin Maximalists Leave the Poor Holding the Bag On 15 March 2025, Bitcoin hit an all-time high of $109,358.01. The headlines were predictable. Twitter (or X, as it now calls itself) erupted with laser-eyed avatars, "Buy the dip" chants, and the tired repetition of crypto cult dogma: Bitcoin fixes this . You’d think the world had discovered a new form of salvation. But now, a month later, Bitcoin struggles to remain above $85,000—and the silence...

by Ram ben Ze'ev Bitcoin as a U.S. Reserve? A Reckless Gamble with Taxpayer Funds President Trump has floated the idea of establishing a U.S. reserve backed by Bitcoin. On the surface, this might appear to be a forward-thinking, innovative move in line with the digital revolution. However, upon closer examination, such a proposal is fraught with danger, imprudence, and economic recklessness . Taxpayer funds should never be exposed to a highly volatile and speculative asset with no intrinsic...

by Ram ben Ze'ev Beware of the Bitcoin Boom-Bust Cycle: The Risk of a MicroStrategy Sell-Off MicroStrategy’s relentless accumulation of Bitcoin (BTC) has long been a bullish signal for both retail and institutional investors. The company’s Bitcoin buying spree has created a cycle where it borrows to buy BTC, driving up demand and indirectly influencing the price of Bitcoin and its own stock, $MSTR. However, this strategy comes with a potential dark side. If MicroStrategy, pressured by debt...

Greater powers for the National Crime Agency and police to seize, freeze and destroy cryptoassets used by criminals have come into force...

by Ram ben Ze'ev Cryptocurrency: The Illusion of Decentralisation and the Central Authority's Control In the midst of the digital revolution, cryptocurrency emerged as a beacon of hope for those seeking financial autonomy and liberation from centralised control. Bitcoin, Ethereum, and countless other cryptocurrencies promised decentralisation, security, and freedom from governmental oversight. However, beneath the veneer of decentralisation lies a troubling reality: cryptocurrency is not as...

by Ram ben Ze'ev Why would I sell something today that I purchased yesterday if I believe its value will increase tomorrow? While there is a considerable amount of optimism regarding Bitcoin potentially becoming a global replacement for traditional currencies, the following analysis will demonstrate that this prospect is unlikely to materialize within your lifetime, if ever. To determine the hypothetical value that each individual could share if all the Bitcoins were evenly distributed among...

Car parts uncovered in joint operation with Lincolnshire police Two people have been questioned as part of an investigation into...