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Mar 22–24, 2027 · Irving Convention Center · Dallas

Talk · Markets

Custody Risk, Slow Institutions and Home Mining: News Surge, 2024

The September 9, 2024 News Surge pairs a retail buyer who wants out with Howard Lutnick's case that institutions are coming, slowly.

Recorded · Mining Disrupt News Surge · 8 min session

Bitcoin was at $54,566 when the Mining Disrupt News Surge went on air on Monday, September 9, 2024. One dollar bought 1,833 sats, blocks were arriving every 9 minutes and 37 seconds, and the host counted 19,462 reachable nodes. Then he set those numbers aside and talked about fear.

His theme for the week was that FOMO runs in both directions. People buy into a new trend because they do not want to miss it, and they sell out of a falling one because they do not want to be the last person standing when the music stops and the chairs are gone. Over the next eight minutes he tied that idea to a friend of a friend with a Fidelity account, a clip of Howard Lutnick, a post from River and a short tweet from Michael Saylor. He opened, as he always does, by saying the show is for entertainment and education and is not financial advice.

A Checklist, Plus One Item

The first item was a post from Ben Kaufman with four instructions for holders: keep your own node running, store keys on hardware wallets, set up multi-signature custody, and enjoy it. The host called the list solid and added a fifth item of his own: do some mining.

Get a Solo Satoshi Bitcoin miner for your home.

Mining Disrupt News Surge host · 1:53

He said those small home units cost less than $200, some less than $150, and that running one at home helps decentralize the network. He came back to the same point at the end of the show.

Staying on the mining side, he showed an announcement for the MOEM, a Mining Operation Environmental Monitor. As he described it, the unit reports temperature and humidity, detects fire, checks air quality, flags certain gases coming off an ASIC and sends real-time notifications, so an operator can see at a glance which machines are fine and which one needs a look.

The Custody Argument

Tuesday's first item was a post from the account Macro Jack, which put Bitcoin's ceiling down to one problem.

the reason Bitcoin is not a $2 trillion, $5 trillion, or $10 trillion asset class is because of the massive risk in Bitcoin custody

Macro Jack · 2:50

The host did not argue the point in detail. He said it tied into a personal story, and he told it instead.

A Boomer, a Fidelity Account and FOMO

He knew a boomer-aged man who had watched Bitcoin climb from around 20 a year earlier to 50 and 60, briefly touching the low 70s. This was a little after the ETFs launched. The man had heard about it but was not sure what it all meant. The host suggested he look into it and asked whether he had an account he could buy through. He did: he traded some stocks through Fidelity. Long story short, he bought some.

Then the price started to slide. The last the host heard, from a friend of a friend, the man wanted out. The host read it as the same FOMO from the start of the show, working in reverse: it pulled him in on the way up, and the volatility since then had him looking for the exit.

Why Institutions Take Time

That led to a clip that was all over Bitcoin Twitter that Tuesday: Howard Lutnick, then chief executive of Cantor Fitzgerald. The host summed it up as big institutions wanting to enter the Bitcoin space, but needing time to do it.

To explain why, he told a story of his own. When Gabe Newell, the head of Valve, turned 50, the host was part of a group, some of them from 4chan, that gave him a giant birthday card signed by hundreds of people. During a meet and greet at the end of the tour, someone asked Newell why a change had not been made, to Steam or something similar. Newell's answer stuck with him: changes at large companies take time because so many parts are already in the pipeline to make the first thing happen.

They are paying attention.

Mining Disrupt News Surge host · 5:10

The host said he had heard the same thing many times: people inside large firms are watching the space and learning about it, but cannot act until certain things happen first, such as a quarter closing or a new budget cycle and analysis. In his words, they have to wait.

Broken Money and Daily Buyers

Wednesday's item was a picture rather than a news story. It reminded the host of the Joker standing in front of a pile of cash saying it is not about the money, and he used it to say why he is in Bitcoin: not to get rich, but to change a systemic problem, which he called broken money.

He then returned to the institutions theme with a post from River, which said a huge underreported trend was under way.

Everyone is looking at Saylor and MicroStrategy, but don't realize thousands of businesses are now buying Bitcoin daily, including on River.

River · 6:15

Saylor, Samson Mow and Ocean

Friday brought the Michael Saylor tweet the host had promised at the start: you do not sell your Bitcoin. He repeated several times that he was reading a tweet on his screen, not giving advice, and that viewers who own Bitcoin can sell or trade it if they want to.

He had nearly forgotten one more Friday post, from Samson Mow, which said "Godzilla on Monday." The host joked that one of these times Mow's Godzilla predictions will be right, said he could not tell whether Mow meant a movie or a Godzilla candle, and left it at "we shall see."

The week closed with a post from Ocean Mining headed "breaking Bitcoin mining centralization." Over the past six months, it said, 174 addresses had received Bitcoin payouts directly from the blockchain, and 97 of them were mining on Ocean. The host called that good to see. He said he had never heard anyone argue that Bitcoin needs centralization or a single point of failure, and that the more of it can be removed, the better.

The more decentralization that we have in the Bitcoin space in all aspects, the better.

Mining Disrupt News Surge host · 7:45

His suggestion for viewers was the same one he made at the start: get a home mining device, whether a Bitaxe or a Heatbit heater, and help decentralize the network.

What Happened Next

Bitcoin closed at $55,264 on the day of the show. On October 26, 2026, it traded at $80,448. Anyone who held from that Monday, as the Saylor tweet urged, is ahead; the host's acquaintance at Fidelity was asking to sell near that price. The show itself made no price forecast beyond the institutional adoption it said was coming.

This story and many more play 24/7 on Bitcoin Radio.

Be in the room next time.

Three days. One floor. The whole industry.

March 22–24, 2027 · Irving Convention Center · Dallas