Samourai Letter #7: Notes From The Inside

Dear Reader,

It has been many months since I last wrote you. Part of the reason for that is because I spent most of June and part of July in transit from FPC Morgantown to FCI McKean – a four hour drive away. For most of that time I had no access to pen, paper, stamps, or the rudimentary email system that I use to send these letters out. 

The other part of the reason why I haven’t written in so long is that once I did finally arrive I was so shell shocked from the entire ordeal that I needed time to decompress and process that month long trauma that is BOP transit. 

Six days after arriving at FCI McKean I finally put pen to paper to document the journey but the result was less of…

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An Austrian Economist Explains Why AI Will Make Everyone An Entrepreneur W/ Per Bylund

AI is changing how we work, but can it replace the human entrepreneur? Austrian economist Per Bylund, Senior Fellow at the Mises Institute, joins Spencer Nichols to explain why AI is a statistical engine that improves efficiency but can’t imagine the future. He argues we’re moving from an employment economy to an entrepreneurship economy, and explains what that means for jobs, innovation, and value creation.

Chapters:00:00 Austrian Economics on AI, Innovation, and Entrepreneurship02:34 Can AI Replace the Entrepreneur?05:48 Invention vs Innovation: What Bitcoin Teaches About AI06:29 From an Employment Economy to an Entrepreneurship Economy09:52 Can Regulators Keep Up With…

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BTC To Cross Key Price Level Against Gold

The 90-day correlation between Bitcoin and gold just hit a six-year high, and Bitcoin is now just 3% away from flipping positive against gold for 2026. In today’s Chart of the Day, Sean breaks down the Bitcoin-to-gold chart, the string of higher lows since February, and the new high above 17.9 ounces.

Chapters:0:00 Bitcoin-Gold 90-Day Correlation Hits a Six-Year High0:35 Why Measure Bitcoin in Gold? Stripping Out Dollar Debasement1:20 Higher Lows and Higher Highs on the BTC/Gold Chart2:27 From 12.1 oz to 17.9 oz: The Bullish Bitcoin Setup2:53 The 20.3 oz 2026 Yearly Open and the Levels That Matter3:21 Next Bitcoin Resistance: 21.5 oz of Gold (~$92K)

DISCLAIMER: The views and…

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$93K BTC Is The Key Price Level For The Bull Market

Is the Bitcoin bear market officially over? Katie Stockton, founder of Fairlead Strategies, breaks down the technical signals behind Bitcoin’s rally of more than 50% off its recent lows, including the break above the 200-day moving average and the 83K–84K resistance zone. She explains why the cloud model points to $93,000 as the level where a new Bitcoin bull cycle becomes official. She also covers the flag pattern breakout, the monthly stochastic oscillator, and what could turn her defensive heading into Q4.

DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin…

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Real Estate “Armageddon” Is Here – Why BITCOIN Is The Hedge

Commercial real estate is facing a historic reset, and Grant Cardone is using it to stack Bitcoin. The Cardone Capital founder explains how high interest rates are pushing properties below replacement cost and how he fills that gap with Bitcoin on the balance sheet. He breaks down his goal of 25,000 apartments and 25,000 BTC, and why he calls real estate his “Trojan horse” for Bitcoin.

Chapters:00:00 Grant Cardone on the Commercial Real Estate Reset and 6.4% Rates00:51 How Cardone Capital’s Bitcoin Real Estate Deals Work02:23 Why REITs Can Never Own Bitcoin: Cardone’s Competitive Moat04:26 From 3,000 to 25,000 BTC: Real Estate as the Trojan Horse06:50 Michael Saylor’s “P…

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North Korean Hackers Linked To $388M Bitget Hack

Hackers from North Korea targeted crypto exchange Bitget on Thursday, according to an update from the CEO, making away with close to $388 million in digital assets — more than originally reported. 

Bitget CEO Gracy Chen said Friday that the higher figure “reflects a more complete accounting of transfers during the incident.” Chen had first reported that over $350 million had been moved.

Security firms first flagged unauthorized transactions from the Victoria, Seychelles-based exchange’s hot wallets on Thursday before the company announced it had frozen withdrawals.

Bitget is the sixth biggest crypto exchange, processing over $1 billion in trading volume per day, according to…

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Bitcoin ETFs Extend Winning Streak With Nearly $3B Inflows

Bitcoin exchange-traded funds are on a winning streak, with investors buying for six consecutive days.

The funds — managed by the likes of BlackRock, Fidelity, and Morgan Stanley — have received over $2.8 billion in new investment since September 17, according to Farside Investors data. 

On Monday alone, investors bought nearly $1 billion in shares  — the most since October 6, when the funds received over $1.2 billion and the price of the leading cryptocurrency hit a new all-time high of $126,080. 

Still, Bitcoin’s price on Friday is only up modestly: it recently stood at nearly $83,975 after reaching as high as $87,330 on Monday. Over the past seven days, the…

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Strategy Proposes Daily Dividends For Preferred Stocks

Bitcoin treasury company Strategy wants to pay investors daily dividends on four of its preferred stocks.

The largest corporate holder of bitcoin said Friday that it was asking shareholders to approve the move, which would pay investors dividends every calendar day — including weekends and holidays — on STRF, STRC, STRK, and STRD. 

“If approved and adopted, we believe this would reduce reinvestment lag, enhance liquidity and market efficiency, and increase price stability,” Strategy said in a statement. Stockholders will attend a meeting to vote on the proposal on October 28. 

Strategy is proposing daily dividends on $STRF, $STRC, $STRK, and $STRD, accruing every calendar…

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Is US Defence Secretary Pete Hegseth A Bitcoiner? This Is What His Accounts Say

U.S. Secretary of Defense Peter Hegseth holds more cash than he does bitcoin. 

That’s according to his newly released 2025 annual financial disclosure, which shows he has  between $16,000 and $65,000 in the leading cryptocurrency while a bank account holds $1 million in cash. 

Hegseth, who was appointed Defense Secretary in January 2025, is part of the most crypto-friendly administration the U.S. has had. 

President Donald Trump was backed by digital asset industry bigwigs and last month pushed for landmark crypto legislation, the Clarity Act, to pass. 

Hegseth’s Office of Government Ethics filing also showed that he and his wife have retirement accounts containing investments…

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Mitchell Askew Explains What 15M Inactive BTC Means For Bitcoin’s Next Move

Bitcoin is rallying despite a Fed rate hike and the failure of the Clarity Act, and the on-chain data suggests sellers may be nearly exhausted. Mitchell Askew, Head of Blockware Intelligence, breaks down long-term holder supply, which hit an all-time high of 15 million BTC this summer. He explains why so many coins sitting still signals more room for price to run. He also shares what Bitcoin ETF flows reveal about institutional buyers returning to the market.

Chapters:0:00 Mitchell Askew of Blockware Intelligence on Bitcoin’s Rally0:22 Is Bitcoin Selling Pressure Exhausted? Long-Term Holder Supply1:36 Bitcoin ETF Flows & Returning Institutional Buyers2:36 Why the Four-Year…

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