Bitcoin slipped under $60K and the timeline filled with obituaries — people who bought the $120K top now calling it dead. Brandon and Kate place it right where the four-year cycle predicts: deep in the trenches, with maybe nine more boring months to go. Yet nobody up top is actually capitulating — Strategy bought the dip again, STRC keeps cratering, Wall Street quietly shipped its first Bitcoin depositary receipt, and Schwab went native. A quiet week with more under the surface than the doom posts suggest.

In this episode of Good For Bitcoin, Brandon and Kate discuss:

• They say Bitcoin is dead — again. With BTC under $60K and obituaries everywhere, Brandon and Kate place it where the four-year cycle predicts: in the trenches, ~9 months from a better year. Bitcoin draws down ~80% a cycle — by that math, we may not have bottomed.
• Nobody up top is selling, though. Strategy bought another ~520 BTC (avg ~$67K) to reach 847,363 and grew its USD reserve to $1.4B to keep funding STRC dividends — even as STRC sank to ~$75 and the timeline begged Saylor to sell. Brandon's counter-bet: he bought STRC at $82. Strive added 759 BTC for 19,864 and OranjeBTC 19 for 3,822.
• Wall Street's plumbing keeps getting built. UTXO Management initiated the first Bitcoin depositary receipt to trade through a prime broker (Clear Street) and settle through the DTC — 100% BTC-backed, custodied at Anchorage Digital, convertible in-kind to real Bitcoin. An explain-like-I'm-five on how traditional finance will soon hold BTC like any other stock.
• More on-ramps: Charles Schwab rolled out native BTC trading in its app (following Fidelity), and Congress set a July 17 field hearing on the CLARITY Act — so maybe, finally, some clarity on clarity.
• David Bailey's Nakamoto finished its strange path to public markets: merging into health-care firm KindlyMD, renaming to Nakamoto, winding the clinic down, and folding in UTXO Management and Bitcoin Magazine. The hosts' recurring lesson — a treasury company still has to be a real business.
• Quick hits: Base briefly halted and needed node restarts before recovering, and Alberta's AIMCo surfaced in the MSTR-buying chatter. Could a Bitcoin-staking depositary receipt be next?
• Follow the show on X — @goodforbtc.

Hosts:

• Brandon Marshall — @marshallmixing
• Kate Parkman — @katemparkman

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Strategy's 'Stretch' — the STRC preferred stock built to trade near $100 — cratered to an all-time low of $82.53 this week, and the timeline declared it the next Ponzi. Brandon and Kate dig into whether Stretch is being stretched to its limit, plus a quiet week of buys, Illinois's punishing new crypto tax, Stacks landing on Fireblocks, BlackRock's new yield ETF, and the stat that Elon is now worth more than all of Bitcoin.

In this episode of Good For Bitcoin, Brandon and Kate discuss:

• Is Stretch stretched to its limit? STRC — Strategy's 'Stretch' preferred — hit an all-time low of $82.53 Thursday, ~11% below the $100 it's built to hold. We unpack the deleveraging cascade, why it's not the Ponzi or 'next FTX' the timeline claims, and Strive CEO Matt Cole's note on how leverage feeds on itself. Brandon's take: it's like an LP token meant to hover near $100 at ~11.5% monthly — and he almost bought the dip.
• Nobody sold this week. Strategy added 1,587 BTC — its second-smallest buy of 2026 — to reach 846,842 (~4% of all Bitcoin), and Strive picked up 73 more for 19,105. Quiet, but no public seller in sight after last week's drama.
• Square now lets merchants accept Bitcoin over Lightning with one tap — auto-converting to dollars unless they opt to keep BTC. Lower friction, but spending Bitcoin is still a taxable event.
• Illinois became the first state to tax crypto at the transaction level: Gov. Pritzker's Digital Asset Tax Act puts a 0.2% levy on transfers, custody, even wallet-to-wallet moves, starting January 2027. Critics call it the most punitive digital asset tax in the country; a legal challenge looks likely.
• Stacks went live on Fireblocks, opening Bitcoin DeFi to 2,400+ institutions through custody they already trust — sBTC, dual stacking for BTC yield, and lending via Hermetica and more — removing a major institutional deal-breaker.
• Quick hits: BlackRock launched BITA, a covered-call 'Bitcoin Premium Income' ETF targeting 15–25% yield while keeping most of BTC's upside — beating Goldman to market. And Elon Musk's net worth (~$1.4T after SpaceX's surge) now tops Bitcoin's entire market cap.
• Follow the show on X — @goodforbtc.

Hosts:

• Brandon Marshall — @marshallmixing
• Kate Parkman — @katemparkman

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A week after Strategy quietly sold 32 BTC, Saylor tweeted he's 'never sold a single sat.' Brandon and Kate call out the goalpost-moving, react to a Saylor clip, then run the tape: Strategy buys 1,550 BTC, Strive needles back, Botanix shuts down its whole network, Coinbase hands AI agents your account, SBF begs for a pardon, and a classic bottom signal flashes.

In this episode of Good For Bitcoin, Brandon and Kate discuss:

• Saylor watch: a week after Strategy quietly sold 32 BTC (~0.004% of its stack), Saylor tweeted he's 'never sold a single sat.' We react to his clip and the goalpost-moving — then Strategy bought 1,550 BTC, pushing holdings to 845,256. STRC monthly dividends start July 15.
• Strive fired back, buying exactly 32 BTC after Strategy sold 32 — now at 19,032 BTC. It's using sale proceeds to pay down debt and buy back shares, and regained Nasdaq compliance after its reverse split. Orange BTC added 41 (now 3,803).
• SpaceX looks like a Tesla-style buy-and-hold, so don't expect weekly buys. Brandon snagged 10 pre-allocated SpaceX IPO shares through Fidelity.
• Botanix is shutting down its entire network. Bridged BTC peaked near 450 in Sept 2025 and sits under 50 today — holders have ~30 days to unilaterally exit the remaining 47 BTC. A reminder why unilateral exit matters; ~4 years in, it couldn't ride the cycle.
• Coinbase for Agents lets your AI agent trade, pay, and run workflows on your Coinbase account via MCP or CLI (x402 next). Good for round-the-clock, data-informed trades — but prompt-injection risk makes us wary of handing over the keys.
• Quick hits: SBF filed for a presidential pardon on his 25-year FTX fraud sentence (we doubt it lands); Tether briefly flipped Ethereum for the #2 market-cap spot.
• Bullish close: more than half of all circulating BTC is now held at an unrealized loss — a signal that's marked every major bear-market bottom.
• Follow the show on X — @goodforbtc.

Hosts:

• Brandon Marshall — @marshallmixing
• Kate Parkman — @katemparkman

Subscribe & Follow:

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