Canada Is In a Technical Recession - What's Next for a Country That Has Hit the Skids? | The Canadian Bitcoiners Podcast 267 Pt 2
The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian SpinShow Notes
Michael Saylor just broke the one rule he built his empire on. Strategy (MSTR) sold Bitcoin for the first time since 2022 — 32 BTC, ~$2.5M — and the "never sell" era is officially over.He's calling it "inoculating the market." Genius move… or the first crack in the $61B Bitcoin machine? Full breakdown below 👇PLUS Three anonymous parties just asked a New York court to hand them Satoshi Nakamoto's Bitcoin — roughly 3.8 MILLION BTC (~$293B) across 39,069 dormant wallets — using a "lost property" law written for found umbrellas. On this week's Canadian Bitcoiners Podcast we break down the most audacious legal attack on Bitcoin's supply in history, why it could hit a default judgment as soon as late June, and the one reason it almost certainly fails: you can't seize coins you don't hold the keys to.We also cover the week's biggest Bitcoin and Canadian stories: Tether tightening its grip on Twenty One Capital ($XXI) and what it means for Jack Mallers and Strike, the Bitcoin treasury model cracking (Metaplanet's mNAV collapse and Sequans unwinding its entire stack), Kraken's 2.5% Bitcoin yield vault, the "Mined in America" bill and Trump's Strategic Bitcoin Reserve — plus the Canadian file: Mark Carney's $195K flight catering bill, Ontario mortgage delinquencies up 52%, and a technical recession nobody in Ottawa wants to name.Not your keys, not your coins has never been more literal. Here's what's actually happening, what's noise, and what every Canadian Bitcoiner needs to watch next.⚡ Grab a Bitcoiner you know and send them this episode.🔗 STORIES & SOURCES IN THIS EPISODENY lawsuit for Satoshi's dormant coins: https://bitcoinmagazine.com/news/anon...Lawsuit deep-dive (coverage thread): https://news.bitcoin.com/anonymous-pl...Tether takes control of Twenty One Capital ($XXI): https://decrypt.co/368458/tether-bitc...Twenty One / Strike self-dealing breakdown: https://x.com/AdamSimecka/status/2060...Sequans abandons its Bitcoin treasury: https://www.theblock.co/post/402883/s...Metaplanet's mNAV collapse: https://cryptoslate.com/metaplanet-is...Kraken's 2.5% Bitcoin yield vault: https://coinmarketcap.com/academy/art..."Mined in America" bill + Strategic Bitcoin Reserve: https://decrypt.co/362802/senators-re...Carney's $195K flight catering bill: https://torontosun.com/news/national/...Ontario mortgage delinquencies up 52%: https://torontolife.com/real-estate/o...—🟧 BUY BITCOIN — BULL BITCOINCanada's longest-running Bitcoin-only exchange. Non-custodial, no KYC surveillance creep, and built by Bitcoiners for Bitcoiners. Lock in 25% off fees for life:👉 https://mission.bullbitcoin.com/cbp🌐 EASYDNS — OWN YOUR DOMAIN, OWN YOUR DATADNS, domain registration, web & email from a company that actually fights for your digital sovereignty. Use code CBPMEDIA for 50% off your first purchase:👉 https://easydns.com🔥 256 HEAT — MINE BITCOIN, HEAT YOUR HOMETurn ASIC miners into programmable, app-controlled heaters and recapture every watt as warmth. Get paid in sats to heat your space:👉 https://256heat.com🎓 BTC MENTOR — LEARN SELF-CUSTODY THE RIGHT WAYOne-on-one coaching to take your Bitcoin off exchanges and into your own custody with confidence:👉 https://btcmentor.io/aff/joey⚠️ None of this is financial, legal, or tax advice. We are Bitcoiners sharing opinions and analysis for entertainment and educational purposes only. Do your own research. Sponsor links above are affiliate links that support the show at no extra cost to you.#Bitcoin #Satoshi #CanadianBitcoiners #BTC #SelfCustody #NotYourKeys #BitcoinNews #Crypto #Canada #SatoshiNakamoto
More from The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian Spin
MSCI adopted its non-operating company rule on October 15, and the companion spreadsheet of potentially impacted securities lists Strategy with a potential action of "Deleted" — roughly $40.3B of the $44.4B of float-adjusted market cap on that entire list. The affected names publish November 11 and the change takes effect at the close on November 30, leaving 19 days between the list and any forced selling. MSTR dropped 9.56% in a single session after the decision. Tonight, Joey and Len walk through the 4-of-5 ratio test, whether Strategy actually trips it, and what index removal does and does not do to the Bitcoin sitting behind the stock. MSCI's announcement names no company, and Strategy says MSCI-linked funds hold only 3.1% of its basic shares.
MSCI adopted its non-operating company rule on October 15, and the companion spreadsheet of potentially impacted securities lists Strategy with a potential action of "Deleted" — roughly $40.3B of the $44.4B of float-adjusted market cap on that entire list. The affected names publish November 11 and the change takes effect at the close on November 30, leaving 19 days between the list and any forced selling. MSTR dropped 9.56% in a single session after the decision. Tonight, Joey and Len walk through the 4-of-5 ratio test, whether Strategy actually trips it, and what index removal does and does not do to the Bitcoin sitting behind the stock. MSCI's announcement names no company, and Strategy says MSCI-linked funds hold only 3.1% of its basic shares.
Ledger has confirmed an unauthorized hardware implant in an affected device sold through CryptoBilis, a reseller listed by Ledger. How can a hardware wallet pass a Genuine Check while a physical implant spies on its setup? Tonight, Joey and Len examine the reported supply-chain attack, the limits of device verification, and what this does to trust in self-custody. Loss totals remain third-party estimates; the confirmed implant does not establish that every Ledger device is compromised.
Ledger has confirmed an unauthorized hardware implant in an affected device sold through CryptoBilis, a reseller listed by Ledger. How can a hardware wallet pass a Genuine Check while a physical implant spies on its setup? Tonight, Joey and Len examine the reported supply-chain attack, the limits of device verification, and what this does to trust in self-custody. Loss totals remain third-party estimates; the confirmed implant does not establish that every Ledger device is compromised.
Ari Paul alleges Coinbase lost $25 million of BlockTower's money and concealed more than $1 billion in hack losses. Coinbase denies hiding a series of hacks or losing $1 billion, and Paul's claims remain unverified. Tonight, Joey and Len break down the allegations, Coinbase's response, and the risks of trusting someone else with your Bitcoin.