Hey all,

I’m Rizzo, the Bitcoin Historian. For more than a decade I’ve been documenting Bitcoin’s evolution — the people, ideas, companies, and moments that shaped it.

I spend every day tracking what’s shaping Bitcoin. This newsletter connects the dots.

Each edition highlights the stories, signals, and historical context you need to understand what’s happening in Bitcoin right now. And where it may be headed next.

YouTube Link: The $400 Billion Bitcoin Master Plan That Terrifies REITs

This week’s feature interview with Rizzo is a high‑octane conversation with billionaire Grant Cardone about why he is going all‑in on combining Bitcoin and real estate.

Grant lays out his plan to build a “monster company” that fuses large‑scale real estate with a Bitcoin balance sheet, with an ambition to acquire more than 10,000 BTC quickly.

The discussion is a blueprint for how aggressive operators may try to front‑run Wall Street in the coming era of Bitcoin‑backed operating companies.

→ Subscribe to see Rizzo’s latest interviews dropping weekly on YouTube.

US HOUSE INTRODUCES BILL TO PROTECT BITCOIN DEVELOPERS 

YouTube Link: Can Congress actually protect Bitcoin developers?

Lawmakers in Washington have introduced a new bipartisan bill that would shield Bitcoin software developers from being targeted for writing and publishing open‑source code, treating them more like authors than financial intermediaries.

If passed, it could sharply reduce legal risk for open-source developers, including those who wish to follow in the footsteps of Samourai and Tornado Cash, strengthening the neutrality of Bitcoin’s base layer and delivering on the protocol’s promise of strong anonymity. 

$2.5 TRILLION CITI TO LAUNCH BITCOIN BANKING THIS YEAR

X link: “We’re Making BTC Bankable”

Global banking giant Citi announced plans to integrate Bitcoin into its offerings this year at Michael Saylor’s StrategyWorld conference. It’s a signal that blue‑chip banks now see Bitcoin as table‑stakes infrastructure, not a fringe experiment. For corporate and institutional treasuries, Citi’s move is another step toward Bitcoin rails being standard on Wall Street.

Trezor Safe 7 is the new flagship hardware wallet for serious Bitcoin holders who want to keep their keys offline, audit what they sign, and sleep at night. I’m using it as part of the distributed multi-sig security set-up that protects my own personal BTC. 

Learn more at Trezor: trezor.io 

HOME BITCOIN MINER PAYS $75 FOR $200,000 BLOCK

YouTube link: Bitcoin’s $200,000 lottery

A small home miner renting hashpower for just 75 dollars managed to find a full Bitcoin block worth around 200,000 dollars, an extreme example of how Bitcoin’s probabilistic rewards can occasionally deliver outsized wins to small players. Stories like this highlight both the open, permissionless nature of Bitcoin mining and the nuances of decentralization. 

AI NEEDS A “SYSTEM OF RECORD,” $5 TRILLION NVIDIA SAYS

X link: NVIDIA CEO Jensen Huang on CNBC

Nvidia CEO Jensen Huang told CNBC this week that the market is misunderstanding how AI will impact software companies, arguing AI will amplify, not erase, their value.

Crucially, he said AI systems will need a trusted “system of record” to verify what’s true — an admission that intelligence without an immutable base layer is fragile. For anyone thinking about Bitcoin as a neutral time-stamping system, that’s the quiet part said out loud: global AI could come to value a tamper‑resistant truth substrate. Gradually, then suddenly. 

ADAM BACK CLOSE TO BUYING 20,000 MORE BTC

Adam Back told BitcoinTreasuries.net this week that his treasury firm BSTR, is preparing to buy a massive slug of BTC, positioning itself among the top three corporate holders globally.

The comments follow his most recent CNBC appearance where Back indicated the firm could acquire enough BTC to pull ahead of Twenty One Capital to become the third largest owner of Bitcoin in the capital markets globally.

Read the full article on Bitcoin Treasuries.

→ Want to highlight your firm’s public markets plans? Reach out to [email protected] to see how you can partner the largest news outlet for digital asset treasuries. 

2000 — MICHAEL SAYLOR’S FIAT WAKE-UP CALL

Twenty-six years ago this week, Michael Saylor warned that the financial system is broken because it relies on trust in centralized institutions and inflationary currencies.

In a 2000 Charlie Rose interview, he explains that when a government debases money, it “kills the banking system” and destroys the ability of markets to function.

His pig example — selling for 10 dollars and needing 100 dollars to buy it back — anticipates that 40%+ erosion in the dollar’s purchasing power since then, and points directly at the problem Bitcoin was later built to solve almost perfectly.

→ See Rizzo’s favorite moments in BTC history daily on r/cryptocurrency.

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