Bitcoin Is Now Calmer Than 57% of the S&P 500

Bitcoin is now calmer than 57% of the S&P 500, and the Bitcoin Today room digs into what that means. Loren and Terence host today's live Bitcoin Today Space with the community. Searching for daily Bitcoin news, Bitcoin volatility, Bitcoin vs stocks or self-custody? This episode covers it in a live, unscripted community conversation recorded Tuesday morning PT.

CHAPTERS
00:00 Show open: Bitcoin is now calmer than 57% of the S&P 500
05:07 Conference recap: Fred's astronaut outfit
28:48 Jeff Walton joins the Space
33:00 Strive's $700M SATS placement: pulling new money into Bitcoin
35:25 SATA vs SATS: building a stable senior instrument
37:00 The variable-rate fear: what if yields fall?
41:00 Why a fixed coupon beats STRC's floating rate
43:00 Designing the capital stack from the top down
45:00 Nothing in the structure forces selling the Bitcoin
49:00 Pricing the raise: capacity at 90, demand at 95
53:00 Aligning credit investors with credit quality
55:16 Darkside's question: if SATA depegs, who gets sacrificed?
59:00 Watching every data point
1:01:02 The "paper Bitcoin" question from Bitcoiners
1:03:00 Building trust for the 99% who won't self-custody
1:09:00 A transparent capital structure for everyone
1:11:00 Reconstructing capital markets on Bitcoin
1:13:25 The $4B fraudulent letters of credit story
1:25:07 mNAV vs price-to-book: the insurance comparison
1:31:16 Jeff signs off
1:35:14 After the interview: tough questions and the wrap sheet
1:40:00 ICOs, rugs, and honest criticism
1:43:00 Margin, rug pulls, and market timing
1:45:00 Midterms: are elections already decided?
1:47:00 The AI trade correction and Bitcoin's breakout pattern
1:49:00 Buy the fear, sell the greed
1:57:00 Banter: cash, jujitsu, and Best Buy
2:01:12 Housing: does owning a home still make sense?
2:03:05 Signoff