The Mining Disrupt News Surge for the week of August 12, 2024 opened on a market still shaking from a rough weekend. On that day, Bitcoin traded at $59,880. On October 26, 2026 it was $79,970.
The show read the numbers from timechaincalendar.com: $61,022 per Bitcoin at the time of recording, or 1,639 sats for one US dollar. On chain fees were still very low, three sats per vbyte for both anytime and priority transactions, and the host told anyone who had not yet consolidated their UTXOs that this was the time. Blocks were averaging 10 minutes and 36 seconds, 87 blocks behind schedule, with 19,644 reachable nodes online.
A Sunday Night Sell-Off
The week's first theme was volatility. Late on Sunday, the show noted, a post compared trading hours: the NASDAQ, open about 252 days a year for 6.5 hours a day over 53.5 years, came to roughly 87,633 hours of trading. Bitcoin, trading around the clock for 5,693 days, had logged 136,632 hours. The host connected that to a point Michael Saylor often makes, that volatility is the price you pay for an asset that trades that much.
On Monday, the show read a post from Jack Mallers on why Bitcoin had dropped over the weekend. His explanation was that it was simply the only market open.
in crisis, markets sell what they can, not what they want
Jack Mallers · 3:02
Bitcoin is down because it was the only market open to sell on Sunday night
Jack Mallers · 3:07
Mallers added that the drop did not mean the only fixed supply money had become less valuable, and that Bitcoin is not hedging the broken financial system but replacing it. The host said that cannot be stated enough: something that trades at all hours will move when the other stores are closed.
A $475K Target and a New Attack
The episode took its headline from Dr. Jeff Ross, who posted that his 1 to 99 percent Bitcoin price range for all of 2025 ran from $45,000 to $900,000, and that his fourth quarter 2025 target was unchanged at 475K. Said another way, he wrote, 2025 was going to be nuts.
Security news came the same day. The show flagged the disclosure of Dark Skippy, a new form of attack in which malicious firmware on an air gapped hardware wallet can leak its seed phrase through the mempool. Earlier, a project called Frostsnap had shown prototypes of what it called the next generation of Bitcoin self-custody, which the host read as a new kind of multisig setup worth watching.
Wall Street Comes to the Advisors
By Tuesday, Bitcoin was back in the upper 50,000 range. The show read a report that Morgan Stanley would start pitching Bitcoin ETFs from BlackRock and Fidelity to clients, meaning 15,000 wealth advisors could now sell Bitcoin ETFs to their clients.
In a turn the host did not expect, he agreed with Peter Schiff the same day. Schiff wrote that owning Bitcoin through ETFs defeats the purpose of owning it: it is no longer decentralized or peer to peer, it can be seized easily, and it cannot be used for payments or sent across borders. Not your keys, not your coins. The host said any longtime Bitcoiner would have said the same.
Also on Tuesday, Lyn Alden posted that when people tell her Bitcoin is captured and is not money, she offers to send them hundreds of dollars to a lightning address, and that none of the critics have ever taken her up on it. The host's takeaway was that anyone who understood Bitcoin wallets could have collected an easy $700.
Metaplanet, Debt and Russia
On Wednesday, the show read that Metaplanet had secured a 1 billion yen loan to buy more Bitcoin, following the MicroStrategy playbook. The host's only question was who would be next. The same day brought a warning from Max Keiser that the global debt bubble had reached its end. The host said he could not know whether it would break that year or the next, but expected that when it did, it would make 2008 look small.
The biggest story of the week, in the host's view, got forgotten quickly. On Thursday, President Putin signed a law legalizing Bitcoin mining in Russia. With American politicians talking about making the United States the leading example for Bitcoin, the host noted that Russia was the one actually moving, and wondered whether it would use mining for cross border payments.
Friday brought a post from Dylan LeClair on what the host summarized as continued government hostility toward the industry. His advice was to ignore promises made at a podium and watch what politicians actually do. The show also played a TFTC clip with Marty Bent and Preston Pysh, in which Pysh said people who control a lot of buying power had finally figured Bitcoin out and were taking a position.
Generational Wealth Begins With One Risk Taker
The show closed with a post from American HODL, one of the host's favorite commentators.
it's going to be an extremely bitter pill when people finally wake up and realize they missed out on generational wealth
American HODL · 8:27
The host repeated his usual line that nothing on the show is financial advice. What he would call advice, he said, is to learn about Bitcoin and how money works, starting with The Bitcoin Standard, so that at the very least you understand what you are working for and why it matters.
The conversation continues at Mining Disrupt 2027, March 22 to 24 in Irving, Texas.