Bitcoin Wednesday Amsterdam #153

Bitcoin Wednesday Edition #153 at Leidseplein, Stadschouwburg Cafe Brasserie, International Theater Amsterdam.

Fear Index 20, Us: Here Anyway

Way back in 2010 Satoshi told WikiLeaks, "Stay away, the heat will destroy us." They ignored him, but Bitcoin survived.

Sixteen years later, Iran -- a nation-state running a $7.8 billion crypto infrastructure to bypass U.S. sanctions -- just proved the network censorship-resistant at scale, while under active U.S.-Israeli military strikes.

The Strait of Hormuz almost closed, the NASDAQ lost 2.5% in a morning, Bitcoin lost 1% and bounced.

ETF custodians are accumulating while retailers panic. Long-term holder selling is down 87% since February. Miners have nearly stopped capitulating. Was $62,300 the bottom line?

Tonight at Bitcoin Wednesday #153 let's talk about what Bitcoin atually does under real geopolitical pressure. ETF flows, hash rate disruption, the U.S. Strategic Reserve sitting on 328,000 BTC.

Walk in with a question, leave with a better one.

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FYI

* Iran controls an estimated 2-5% of global Bitcoin hash rate, powered by subsidized electricity sold to licensed miners.

* U.S. is the largest known state holder of Bitcoin in the world. As mentioned at a previous Bitcoin Wednesday, sovereign Bitcoin accumulation sets a structural price floor that previous cycles lacked entirely.

* On 3 March there was a $458 M single-day ETF inflow, snapping a four-week outflow streak, an early sign of institutional confidence returning.

* The company formerly known as MicroStrategy has now made 10 consecutive weekly purchases and holds 720,737 BTC, roughly 3.4% of total Bitcoin supply.

* BlackRock's IBIT ETF alone sits at $54B AUM, even as flows are inconsistent. Patient capital is still accumulating.

See you tonight for more.