Helping people buy & hold Bitcoin the right way. AE @Swan Private Wealth | CrossFit & Olympic Lifting | Hard money advocate ₿

Check out Swan Private 👉
Joined May 2022
I help people buy and hold Bitcoin for the long term at @Swan. Here are 10 things I wish everyone knew before buying their first sat: 🧵
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I often ask clients "Why did you buy Bitcoin in the first place?" Any reason outside of price ➡️ Real Bitcoin ETFs are easy to buy for price exposure but to get the many benefits Bitcoin provides by being "outside the system", real Bitcoin in self-custody is the solution.
On today's OUTSIDE MONEY: "4 REASONS TO OWN REAL BITCOIN INSTEAD OF AN ETF" Whether or not you choose the real thing, it's useful to understand the reasons why...
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Alec Bakhouche ₿ retweeted
On today's OUTSIDE MONEY: "4 REASONS TO OWN REAL BITCOIN INSTEAD OF AN ETF" Whether or not you choose the real thing, it's useful to understand the reasons why...
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Alec Bakhouche ₿ retweeted
Please listen to Dan Boneh (top 5 cryptographer alive today) who is known to be measured and judicious in his comments describe the probability that Bitcoin is able to transition to a post-quantum world. Lots of opinions out there - be careful who you listen to.
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Alec Bakhouche ₿ retweeted
[ ZOOMER ] A16Z TO DROP CRYPTO FROM ITS FLAGSHIP BLOCKCHAIN FUND'S NAME, FOCUS ON OTHER INVESTMENTS, ITS FIRST FOUNDING MEMBER TO ALSO LEAVE: THE INFORMATION
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It's VERY clear that a 0% allocation to Bitcoin is simply wrong at this point. Yes it is volatile. But at a 2.5% allocation it barely impacts your portfolio's volatility while providing a larger return. If you can handle volatility, a larger allocation garners higher returns.
“I’m already crushing it with stocks. Why add Bitcoin?” In our 12-year backtest with quarterly rebalancing, adding just 2.5% Bitcoin to a 60/40 stock-and-bond portfolio increased investment gains by 39%, and barely any extra portfolio volatility. Then, we tested 20%... 🚀
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Alec Bakhouche ₿ retweeted
JPM Asset Management's 31st annual Long-Term Capital Market Assumptions (LTCMA) for 2027 includes #Bitcoin for the first time, and assigns it the highest expected return. Noteworthy, to say the least. They also say the following. But it's pretty clear what direction this is all headed. "We review the potential returns from bitcoin (BTC) for strategic investors and conclude that while volatility has declined, unstable correlations to other assets impair any role it might have in a strategic allocation. As a result, we believe it is premature to consider BTC as a diversifier in a balanced portfolio. But should volatility continue to decline and correlations to other asset stabilize, this may evolve in the future, particularly as regulation becomes clearer and liquidity and price discovery continue to improve."
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Alec Bakhouche ₿ retweeted
Seed oils are not any worse for you than other commonly used cooking fats In fact, replacing saturated fats with them generally IMPROVES cardiovascular risk markers The anti seed oil movement is one of the most successful nutrition MISINFORMATION campaigns in recent years
Replying to @DeanTTraining
Now do seed oils !! Hahah
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People rise up when governments fail them. 4th turning things...
The Economic Roots of Unrest in France • Government spending at 57% of GDP • Public debt at 119% of GDP • Borrowing in a currency it can’t print What could go wrong?
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Alec Bakhouche ₿ retweeted
The Economic Roots of Unrest in France • Government spending at 57% of GDP • Public debt at 119% of GDP • Borrowing in a currency it can’t print What could go wrong?
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Alec Bakhouche ₿ retweeted
WHAT IS A BITCOIN HARDWARE WALLET?!? Today we’re continuing our series of simple Bitcoin explainers you can BOOKMARK and SEND to friends, family, colleagues, or anyone trying to understand Bitcoin. Hint: Your Bitcoin isn’t actually stored in your hardware wallet 😎
HOW DO YOU EXPLAIN BITCOIN MINING?!? BOOKMARK this one for the next time your friends, family, colleagues, or classmates ask what Bitcoin mining actually is 😎 It always helps me to hear it again. Thanks @skwp for the framework!
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Alec Bakhouche ₿ retweeted
more than half of all BTC supply is sitting in addresses with no known attribution despite all the institutionalization and centralized ownership over the years, still a ton of bitcoin (maybe even most) is held by individuals in self-custody 🔐
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Alec Bakhouche ₿ retweeted
Are cracks in the AI infrastructure buildout finally starting to show? One of CoreWeave’s bonds hit a 15% yield this week, high even by junk-bond standards. $CRWV Tighter credit can delay data centers, cut supplier orders and slow economic growth long before anyone goes bankrupt.... On today's OUTSIDE MONEY
The Top 5 Reasons AI Can Win and Investors Can Still Lose --------------------- The biggest risk isn’t that AI fails. It’s that AI succeeds, but not fast enough to justify everything being built and financed around it.
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Reasons I love what I do for work:
We made Nurse Katie cry. Six kids. Much of her life savings in Bitcoin. But her custody setup was stressing her out. She reached out to Swan Private for help securing her Bitcoin in a way that would let her rest easy. Now she Sleeps Well At Night with SWAN. And those tears at the end of the call? They were tears of joy 🙏🧡😎
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You can be bullish on America and bullish Bitcoin.
You can be bullish on America without being bullish on the dollar. A Bitcoin standard wouldn’t take away our farmland, energy resources, navigable rivers, or protective oceans. It wouldn’t stop talented people from wanting to move here and build something. America could remain the world’s leading power long after the dollar loses its monetary dominance. As a Bitcoiner, I find that a lot more compelling than betting on American collapse. What if the American empire is just beginning?
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Most shallow, but also the largest $$ value held in a loss making it one of the most painful.
most shallow drawdown in bitcoin cycle history
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"The price of free things, is your Freedom"
This video has over half a million views in the last 24 hours on my instagram The price of free things is your freedom
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Looking forward to this in an hour. Come chat if you're open!
Last chance to request a spot on Outside Money OVERTIME! It's today at 5pm UK, noon ET, 9am PT. speakeasy.swan.com/e/6D6jPVg… Live roundtable video discussion featuring @CorySwan and @phjlljp about the past week's Outside Money topics: • What If 5% Treasury Yields Aren’t Bearish After All? • HIGH INFLATION IS GOOD FOR YOU. WE PROMISE. • Did Trump Finally Break the British Financial Empire? • THE $17 TRILLION QUESTION: BITCOIN, OR ANTHROPIC? • Gold Is Hard Money That China Can Control Videos: youtube.com/playlist?list=PL… Articles: Cory.substack.com
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Alec Bakhouche ₿ retweeted
I agree with the conclusion (protect your wallets now), but disagree with the thesis (that AI will crack Bitcoin). So we implemented it @BitGo with: a) a "quantum resistance score", which shows the % of your wallet with exposed public keys b) a one-click fix it button c) an updated UTXO selection algorithm optimized for quantum resistance This is what it looks like:
Today I call upon the blockchain industry to calmly begin planning for "bunker mode". My personal recommendation is to set in motion a controlled mass migration of assets to fresh addresses, i.e. addresses whose pubkeys remain hidden behind a hash. Holders, starting with large and sophisticated ones, should consider moving the bulk of their funds to addresses that have never signed a transaction. And when they do sign one, they should also move remaining funds to a new address (possibly generated from the same seed phrase). Don't rush. While I believe there is cause for action a rushed migration would do more harm than good. Don't panic either. Moving assets to protected addresses is a simple, preventative step which does not require new cryptography or new wallets. IMO it is now reasonable to brace for the possibility that ECDSA breaks before qday, in the worst case in months not years. By "break" I mean fast private key recovery (e.g. in one week) on available hardware (e.g. a large GPU cluster). Recent days have been humbling for human mathematical intuition. Long-held, unquestioned hypotheses have fallen. This includes the n log(n) bound for integer multiplication and the 3SUM conjecture. In hindsight, May's unexpected disproof of the Erdős unit distance conjecture was our warning shot. Yesterday's OpenAI drop made it clear that mathematical superintelligence is upon us. They say there are weeks where decades happen. We are about to live through weeks where centuries of mathematical progress happen. Could our magic 64-byte ECDSA signatures be too good to be true? Was it just security through obscurity all this time? Elliptic curves feel especially vulnerable to superintelligence. Curves carry rich structure, with room for fancy tricks like Schoof, Frobenius, pairings. (By contrast, hashes are designed to minimise algebraic structure.) Separately, as Ewin Tang can attest, an efficient quantum algorithm sometimes foreshadows an efficient classical one. We should be open to the possibility of a classical counterpart to Shor that breaks elliptic curves and RSA at once. Also noteworthy is the striking under-representation of cryptographic breakthroughs among the 722 mathematical results OpenAI published. I've witnessed first-hand the US government censoring academic quantum cryptanalysis results. Backroom interventionism is my base case. I urge large, sophisticated actors to lead by example. Project11's "risq list" (bitcoin-risq-list.projecteleven[.]com) is a great tracker of exposed BTC pubkeys. Binance, Bitbank, Robinhood, Bitfinex, and Tether have an opportunity to harden their cold storage. Next month I'll address institutions in London in a live Q&A (forum.ethereuminstitutional[.]org/london-2026). Again, please do not rush. Wallets holding under 50 BTC enjoy partial cover from "Satoshi's shield", i.e. his 20K exposed addresses that hold 50 BTC each. Load-bearing signers like oracles and L2 security councils should consider rotating ECDSA pubkeys with every signed message and/or multi-signing with a hash-based schemes like SPHINCS. Exiting bunker mode safely will require post-AI cryptography. My inclination is to go all-in on hash-based cryptography and avoid structured mathematical assumptions entirely, whether from curves, lattices, or isogenies. A single battle-tested hash (e.g. from the SHA or BLAKE families) yields plausible post-AI security. The Ethereum roadmap on strawmap[.]org fully embraces hash-based cryptography with end-to-end formal verification as a response to the quantum threat. Those timelines must now be revisited and accelerated in light of mathematical superintelligence. I'll be pushing for maximum defensive acceleration.
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Alec Bakhouche ₿ retweeted
HERE WE GO AGAIN! the "Bunker Mode" Edition Let's bust the latest altcoiner FUD, on today's OUTSIDE MONEY.
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This new AI world is fascinating... I am now thanking my co-workers bots who help me solve client requests. Of course the person running the bot deserves the praise but I also want their clankers to like me 😅
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