
3x Boy Dad | VP of Marketing @BitGo NYSE: $BTGO | Advisor @OranjeBTC | fmr. @Swan
Joined December 2009
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What a day.
@BitGo is officially a public company! I couldn’t be more proud to have been part of this journey.
A massive thank you to @mikebelshe for the leadership and conviction that made this possible, and to the @NYSE for such an unforgettable welcome.
Most of all, I’m honored to be a part of the BitGo team.
Onward
Special thank you to @chenfang and the entire marketing and growth team at BitGo.
BlackRock’s $IBIT took in $665 million on Monday, its largest single day of 2026.
This topped the previous yearly high of $648 million from January.
With bitcoin climbing today, Monday looks like the opening move in hindsight.
Flows and price rarely move in lockstep, yet this week the buyers arrived first.
Nick retweeted
2017:
Jamie Dimon - “I’ll fire any employee who touches crypto”
2026:
JP Morgan adds Bitcoin to their Long-Term Capital Markets Assumptions paper and predict it will be the best-performing asset of the next decade.
Nick retweeted
In the wake of the Coldcard (entropy) and Ledger (supply chain) hacks, multisig stands as a defense against both.
Started using @bot agents as part of my day to day for family schedules, finances, booking appointments, research, etc. Incredible stuff.
Nick retweeted
A perfect depiction of the decay that comes with a high velocity trash economy enabled by fiat money.
This quoted post is unavailable.
Nick 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.
Nick retweeted
Shocked to see that in 2026, the issue that has plagued crypto since its earliest days, exchange hacks, remains an unsolved problem. The recent $352M exploit of Bitget punctuates the point that exchanges are still the biggest source of insecurity in the industry. 🧵
Nick retweeted
- You: "The house costs 5 million."
- Bank: "With interest, you'll pay 9 million."
- You: "So the bank earns more than the builder?"
- Bank: "Correct."
- You: "For doing what?"
- Bank: "Creating the money."
- You: "Creating it from what?"
- Bank: "Your signature."
This week, another exchange confirmed a significant breach, pulled from hot and warm wallets before withdrawals were paused.
A single compromised system was enough to move the funds, that's the root cause of nearly every major hack.
This pattern has cost the industry and investors dearly, but there are solutions to mitigate these risks in the future.
🧵
4th Turning vibes are high
Unbelievable.
3 hours later and the 10Y Note Yield is now above 5.20% for the first time in 19 years.
The 10Y Note Yield is now up +50 basis points in 30 days and +30 basis points in 2 days.
Even more remarkable is that the average American has no idea this is happening. Yet.
The bond market is imploding in front of our eyes.
In early August, BitGo CEO @mikebelshe put 100 BTC behind a public challenge to Anthropic on AI security.
On Bloomberg @crypto, he explains the challenge, why nearly two years of using advanced AI models has only made BitGo's own systems harder to crack, and why he thinks much of the AI safety debate looks more like companies angling for a regulatory edge than genuine caution.
Either @AnthropicAI is terrible at building sandboxes... or excellent at marketing. (or both)
But enough with the “we created a hacking monster” games.
Do it for real.
I put this in an @BitGo wallet for you. Go get it.
100 BTC:
bc1qg4jcyumevszta3rs869v9jrf6rz9z360svp03jsl5xcryfd7xqvs4hurnq
Nick retweeted
If I were lending this government money for the next 10 or 30 years, I’d demand higher yields too.
Nick retweeted
When I was 12, I wanted to be a marine biologist. Eventually, I realized I couldn’t afford that dream, so I chose a different path.
Today I gave a keynote at @MWBTCSummit on Gen Z, affordability, and bitcoin.
I never planned on caring this much about money. I started caring because I watched the basic things people want out of life become harder and harder for my generation to reach.
Owning a home. Raising a family. Saving for retirement. Having enough breathing room to choose a life based on what you love, not just what you can afford.
That’s ultimately what led me to bitcoin.
Getting to stand on a stage today and talk about all of this felt very full circle.
People should be able to build their lives around what they want to pursue, not what a broken system makes financially possible.



























