Lyle Pratt @lylepratt Twitter profile

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Lyle Pratt

@lylepratt

13 days

Happy Friday. Cheers friends. 🍻 Hope you got something accomplished this week!

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Lyle Pratt

@lylepratt

2 years

“Bitcoin is easy to ban!” meanwhile folks are hashing with used cooking oil…

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Lyle Pratt

@lylepratt

3 years

PSA: The Fed has discontinued the M2 money supply measurement. Now...why would they do that?

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Lyle Pratt

@lylepratt

2 years

Imagine selling bitcoin when inflation prints 7.5%.

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Lyle Pratt

@lylepratt

3 years

people are selling bitcoin because they think the Feds can break a 256bit private key 🤣

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Lyle Pratt

@lylepratt

3 years

Bitcoin went up and @MichaelJBurry deleted his account.

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Lyle Pratt

@lylepratt

2 years

So turns out 3AC basically just followed this guy’s tutorial with billions of dollars of borrowed money

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Lyle Pratt

@lylepratt

3 years

BREAKING: 15% of central banks expect to replace gold with #Bitcoin in their foreign reserves

Gold Telegraph ⚡

@GoldTelegraph_

3 years

85% OF CENTRAL BANKS SAY THEY DO NOT EXPECT CRYPTOCURRENCIES TO REPLACE GOLD IN THEIR FOREIGN CURRENCY RESERVES - AN ANNUAL UBS SURVEY OF 30 LEADING CENTRAL BANKS. Sorry to break it to you...

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Lyle Pratt

@lylepratt

1 year

By withdrawing your bitcoin to your own keys: A) You force exchanges to prove their reserves B) You punish bad actor exchanges with collapse C) You force price higher by removing fake unbacked IOUs D) You sleep peacefully knowing no one can take your bitcoin Do it today!

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Lyle Pratt

@lylepratt

1 year

The entire bitcoin supply emission rate is being consumed by addresses with < 1 BTC. These chads accumulate over 28k BTC/mo while new supply is only about 27k. There is less than 1 year before monthly supply gets cut to 13k. Bitcoin will moon with or without “mass adoption”.

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Lyle Pratt

@lylepratt

3 years

“Bitcoin is easy to ban!” Meanwhile:

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Lyle Pratt

@lylepratt

2 years

If you have bitcoin on Celsius, you really should move it literally *anywhere* else immediately.

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Lyle Pratt

@lylepratt

2 years

Credit Suisse’s Zoltan basically said that if bitcoin “still exists” after this, it’s going to be six figures. Do you think bitcoin will cease to exist?

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Lyle Pratt

@lylepratt

3 years

Bitcoin was $64k and the biggest fud was China 51% attacking it and Chinese miner pollution. That fud is now dead.

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Lyle Pratt

@lylepratt

3 years

What if the #bitcoin chart is a continuous series of mini-pumps and the whole Mt.Gox crash just threw off the rhythm for a few years? What if the halving cycle is a myth?

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Lyle Pratt

@lylepratt

3 years

Guess what happens next month? #Taproot activates on #Bitcoin

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Lyle Pratt

@lylepratt

1 year

If 1 quarter of the people that own bitcoin IOUs actually withdrew to their own keys, BTC would be back at $69k in no time.

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Lyle Pratt

@lylepratt

3 years

What are the odds that @elonmusk sold @Tesla ’s #bitcoin and we find out in their earnings on the 26th?

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Lyle Pratt

@lylepratt

2 years

Did you know you can withdraw bitcoin 60 times on Kraken with Lightning before you can withdraw bitcoin once from Binance (because they don’t have Lightning)?

CZ 🔶 BNB

@cz_binance

2 years

Did you know you can get up to 6 charts on one screen with ?

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Lyle Pratt

@lylepratt

3 years

There’s about $30T in offshore bank accounts today. What percentage of that moves into cold stored Bitcoin over the next decade?

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Lyle Pratt

@lylepratt

1 year

Anyone remember that time China banned bitcoin mining?

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Lyle Pratt

@lylepratt

3 months

The MSTR premium is sitting at 43% right now. It's about time for @saylor to issue some stock and buy some bitcoin.

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Lyle Pratt

@lylepratt

4 months

PSA: A 98% cash portfolio with 2% BTC allocation outperforms the S&P over any 4 year time frame since Bitcoin's existence. This shows just how ridiculous the "but what about the volatility?!" commentary is. Real investors know all that matters is allocation percentage.

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Lyle Pratt

@lylepratt

4 years

The year is 2030. The 3 more halvings have occurred. The Euro is defunct. How many Bitcoin does this yacht cost?

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Lyle Pratt

@lylepratt

3 years

Q: Why would El Salvador even consider making #bitcoin legal tender? Won’t this disempower their central bank? A: They are already a dollar based economy and can’t print their own currency.

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Lyle Pratt

@lylepratt

5 months

every once in a while it would be cool if there was someone else besides saylor buying $500M of bitcoin. just saying.

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Lyle Pratt

@lylepratt

1 year

apparently everyone in the crypto industry is literally short bitcoin

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Lyle Pratt

@lylepratt

3 years

“Banks are asking for bitcoin because they can see their customers sending dollars to Coinbase”

CNBC

@CNBC

3 years

Bitcoin is coming to hundreds of U.S. banks this year, says crypto custody firm NYDIG

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Lyle Pratt

@lylepratt

2 years

I am once again reminding you that bitcoin under a $1T market cap is just silly.

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Lyle Pratt

@lylepratt

2 years

You can spin up a Lightning node and start taking payments from $80+ million @CashApp users (who may or may not know anything about Bitcoin) in under and hour without anyones permission or approval. This is a *huge* shift so many still don’t appreciate. ⚡️

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Lyle Pratt

@lylepratt

2 years

Bitcoin front-ran the inflation. Bitcoin front-ran the recession. Bitcoin will front-run the fiat collapse.

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Lyle Pratt

@lylepratt

5 years

We already have a 2% wealth tax. It’s called #Inflation .

Jesse Colombo

@TheBubbleBubble

5 years

Sen. Elizabeth Warren will introduce a new 2% "wealth tax" on Americans with more than $50 million in assets.

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Lyle Pratt

@lylepratt

2 years

Are people that staked ETH into the ETH2 contract getting nervous yet?

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Lyle Pratt

@lylepratt

3 years

Have we tried printing money to get the boat unstuck faster?

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Lyle Pratt

@lylepratt

3 years

NYDIG planning to sponsor #bitcoin core development soon according to CEO Robby Gutmann.

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Lyle Pratt

@lylepratt

1 year

FTX sold over $1B in bitcoin but only had ~$1M to back it up. How much more fake “spot” bitcoin is out there as a percentage of total supply?

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Lyle Pratt

@lylepratt

4 months

@SenWarren @SECGov who is paying you to target bitcoin? Is it the same bankers that wrote your bill?

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Lyle Pratt

@lylepratt

2 years

The sanctioning of the Russian Central Bank is basically the beginning of the end of fiat. Sovereign trust is broken and it won't come back. Every Central Bank in the world *must* hedge now.

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Lyle Pratt

@lylepratt

1 year

So is Barry's plan for the Genesis/DCG fiasco to just stall until Bitcoin goes up?

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Lyle Pratt

@lylepratt

5 months

Looks like Blackrock has caved to the SEC's demands to exclude in-kind creations and redemptions from their spot bitcoin ETF. They've just filed their amendment. Relevant text highlighted below.

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Lyle Pratt

@lylepratt

3 months

@RepThomasMassie with respect to you, no one believes congress will do anything good because it never does. so i wouldn’t call it over thinking, i’d just call it managing expectations.

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Lyle Pratt

@lylepratt

1 month

@Austen the same first level reasoning everyone uses when they talk about the government paying for things 😅

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Lyle Pratt

@lylepratt

3 years

How can I help fund a good documentary on #bitcoin and it’s clean energy incentives?

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Lyle Pratt

@lylepratt

4 years

$11,300 Bitcoin July 27 vs. $11,300 Bitcoin Aug 11

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Lyle Pratt

@lylepratt

3 months

hey @brian_armstrong you guys have almost $6B in cash. seriously...why not buy some bitcoin? don't you still believe in it?

Julian Liniger

@julian_liniger

3 months

Coinbase has $5.7b of liquidity on their balance sheet. ~90% of it in bonds, money market funds or cash. why does the world’s largest crypto exchange not invest in #bitcoin at all?🤔

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Lyle Pratt

@lylepratt

3 years

. @mcuban : AI is going to solve the world’s fiat debt problem! Don’t worry! The government can keep printing and AI will save you because … reasons!

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Lyle Pratt

@lylepratt

3 years

We need a Texas Bitcoin Reserve to help insure our state's sovereignty and financial stability for the decades to come. @GovAbbott thank you for your openness to this idea!

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Lyle Pratt

@lylepratt

2 years

Bitcoin Lightning enables infinite Money Velocity without Debt for the first time in history. ⚡️

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Lyle Pratt

@lylepratt

2 years

Lightning channel leases is going to be *very* big business. A massive amount of #bitcoin liquidity will need to enter the Lightning network to facilitate future transfer volumes and that requires incentives and doesn’t come for free. A true “risk free” interest rate is coming.

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Lyle Pratt

@lylepratt

2 years

lol is BTC really gonna give us 9 red weeks in a row?

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Lyle Pratt

@lylepratt

1 year

remember last year when one of the most powerful countries on earth, the one with the most hash power, banned bitcoin…and nothing happened.

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Lyle Pratt

@lylepratt

4 months

Tomorrow on the 15th anniversary of @halfin ’s tweet, to the day, the Bitcoin ETFs will be approved. There are no coincidences. Here is his prediction on Bitcoin’s potential:

halfin

@halfin

15 years

Running bitcoin

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Lyle Pratt

@lylepratt

3 years

. @fredwilson on #Bitcoin and China in 2014.

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Lyle Pratt

@lylepratt

1 year

Wow! This is a big potential development in #Bitcoin Lightning channel and liquidity management. Instantly resize channels off chain. ⚡️

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Lyle Pratt

@lylepratt

3 years

1/ Just listened to @APompliano and @profplum99 ’s debate and have a few thoughts on Mike’s assertion that a nation state could attack the #Bitcoin network for only $7B per year. This is leaves off a lot of info and requires a long list of assumptions. Clarifying thread:

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Lyle Pratt

@lylepratt

3 months

people are now passively buying bitcoin without even knowing they are buying bitcoin. this magnitude of this will continue to scale up. not priced in.

Bitcoin Magazine

@BitcoinMagazine

3 months

JUST IN: Fidelity is now allocating spot #Bitcoin to their All-in-One Conservative ETF 🚀

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Lyle Pratt

@lylepratt

2 years

I am unemployed. Feels good.

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Lyle Pratt

@lylepratt

2 months

Price around that time in 2019 was ~$9k. Bitcoin is now $63k. @RussellOkung turned that $6.5M into over $40M (~7.1X) by asking to get paid in bitcoin and waiting a few years.

OKUNG 🐆

@RussellOkung

2 months

Very few people become wealthy from a salary alone. … unless you’re paid in Bitcoin.

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Lyle Pratt

@lylepratt

10 months

Publicly dunking on bitcoin with old and unresearched takes on TV is really starting to turn people off. The tide is turning.

Documenting ₿itcoin 📄

@DocumentingBTC

10 months

A bitcoin skeptic went on CNBC this morning. Watch @JoeSquawk 's amazing response, "You said you did a deep dive, but it only took me 20 pages of The Bitcoin Standard to understand how this can help the unbanked" 👏🤣

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Lyle Pratt

@lylepratt

2 years

The ETH2 staking yield process is a ponzi just like LUNA.

Lyle Pratt

@lylepratt

2 years

ETH/BTC is still way too high at 0.07.

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Lyle Pratt

@lylepratt

1 year

One under appreciated feature of bitcoin is that you can have a hyper-secure geo-diverse cold-storage vault and still deposit to it from anywhere in the world at any time. You don’t have to go to your vault, or risk it’s contents to deposit to it. Contrast this to gold, etc.

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Lyle Pratt

@lylepratt

3 years

@Mandrik Expect the dip. Buy the dip.

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Lyle Pratt

@lylepratt

2 years

lol...it doesn't even exist.

/r/Ethereum

@r_Ethereum

2 years

MIT Chose Ethereum's PoS As Top Technological Breakthrough #Ethereum

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Lyle Pratt

@lylepratt

4 years

Remember: Stuff like this was happening 2 MONTHS AGO and our leaders did nothing.

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Lyle Pratt

@lylepratt

2 months

@OutdoorFinance what is gold backed by? all value is subjective.

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Lyle Pratt

@lylepratt

2 years

Imagine thinking the US can afford for bonds and stocks to continue to sell off at the same time.

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Lyle Pratt

@lylepratt

1 year

People don’t seem to get it. A scalable instant settlement network changes everything. Every industry will be impacted.

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Lyle Pratt

@lylepratt

3 years

This is a clip of Ross Stevens and @michael_saylor discussing @NYDIG_BTC ’s incoming pipeline of institutional clients interested in #Bitcoin and stats on their existing customer base. From the @MicroStrategy conference today.

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Lyle Pratt

@lylepratt

3 months

The Euro is 22 years old. Bitcoin is 15 years old. The Euro will fail within a decade and Bitcoin will be a part of its failure.

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Lyle Pratt

@lylepratt

3 years

You sold your bitcoin to billionaires again didn’t you?

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Lyle Pratt

@lylepratt

1 year

I’m just skeptical tons of people with coin who’ve been riding it for years are going to start to sell at 20k

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Lyle Pratt

@lylepratt

2 years

Great reminder from Alex that if you store your bitcoin on Celsius, you don’t actually have any bitcoin.

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Lyle Pratt

@lylepratt

1 year

The deficits will accelerate. The debasement will accelerate. We’re dealing with exponential curves and people simply can’t wrap their minds around exponential growth. Bitcoin under a $1T market cap today is silly.

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Lyle Pratt

@lylepratt

2 months

my wife got me this glass. I figured a new ATH day was a good one to break it out. cheers friends 🥃

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Lyle Pratt

@lylepratt

2 years

I’ve encountered 5+ random people that say @Breedlove22 & @saylor orange pilled them on the @WhatisMoneyShow “Saylor Series”. Legit.

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Lyle Pratt

@lylepratt

3 years

Seriously though: a group of Bitcoiners should raise a multi-billion dollar fund to build a chip fab for the sole purpose of building sha256 ASICs in the USA. It would start off with a worldwide customer base that would probably even pre-purchase fab output.

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Lyle Pratt

@lylepratt

4 months

With Blackrock’s spot bitcoin ETF approval only days away, I’d like to remind you that their researches found in a 2022 study that the optimal portfolio allocation is 84.9% and the "certainty equivalent compensation required to *not* invest in BTC is close to 200%". You aren’t…

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Lyle Pratt

@lylepratt

1 year

people are mocking Balaji, but his point is something very real that most still don't understand: If people on the global internet collectively decided to pump BTC to $1M, they absolutely could, and it could happen extremely quickly. 21M is not a lot. When, not if.

Balaji

@balajis

1 year

Here are the remaining references, as Twitter has a limit on the number of links in one post. I am moving $2M into USDC for the bet. I will do it with Medlock and one other person, sufficient to prove the point. See my next tweet. Everyone else should …

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Lyle Pratt

@lylepratt

2 years

. @coinbase hardly has any bitcoin of their own anymore. Did they borrow against *your* bitcoin?

Bitcoin Magazine

@BitcoinMagazine

2 years

JUST IN: Coinbase was the recipient of Goldman Sachs' historic first #bitcoin -backed loan - Bloomberg

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Lyle Pratt

@lylepratt

3 years

Hard to beat a Texas spring evening with #UFC on the patio. 🍻

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Lyle Pratt

@lylepratt

4 years

Bitcoin is Order, Predictability, and Scarcity injected into a world of Chaos, Uncertainty, and Excess.

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Lyle Pratt

@lylepratt

2 months

This is quite the prediction from @MarkYusko and I agree that this time is different. “I believe this year, in 2024 — more money will be converted from fiat to #Bitcoin than the previous 15 years of Bitcoin’s existence.”

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Lyle Pratt

@lylepratt

4 years

Collateralized Bitcoin loans will eventually have the cheapest interest rates in the market. Bitcoin is the best collateral and it can be liquidated at any time, 24/7, to protect loaned capital. The actual lending risk is close to 0%. More will understand this.

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Lyle Pratt

@lylepratt

1 year

why would you need to ban something that has no value?

no bullshit bitcoin

@nobsbitcoin

1 year

Argentina's Central Bank Bans Financial Institutions From Offering Bitcoin

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Lyle Pratt

@lylepratt

3 years

Dear autocorrect: I never mean “ducking”

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Lyle Pratt

@lylepratt

4 months

What the Bitcoin Spot ETF means in simple terms: Within 5 years most of the portfolios in the world will have between 1 - 5% in BTC because every money manager will have incentive to make it so. Bitcoin will be over $1M / coin. Keep it simple.

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Lyle Pratt

@lylepratt

3 years

I have a jiujitsu friend that died of COVID today. He moved a couple of years ago, so I haven’t seen him in person in a while, but he was in his 30s, physically fit, weight lifter, strength coach, great guy. Sharing because it’s reality. 🪦

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Lyle Pratt

@lylepratt

2 years

once again, the expected happened: people were told to buy new ponzi coins with a straight face, cat and animal pictures sold for millions, ethereum still didn’t scale, and most ended up with less bitcoin than they started with. tick tock next block.

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Lyle Pratt

@lylepratt

2 years

I just rolled out @Strike API integration on @VIDAislive . Get paid USD in real-time when people watch your livestreams, call you (audio or video), or send you messages. This is the power of an open monetary network. Give it a try! cc @jackmallers @r0ckstardev (thanks! ⚡️)

Lyle Pratt

@lylepratt

2 years

The guys at @Strike have made this too easy! cc @r0ckstardev

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Lyle Pratt

@lylepratt

8 months

@BloodyElbow lol yeah if you trust how the Fed measures inflation (you shouldn’t)

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Lyle Pratt

@lylepratt

1 year

Hash rate is going crazy during a time when most large mining companies are burning money. Has a nation state begun mining bitcoin?

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Lyle Pratt

@lylepratt

2 years

Is @GaryGensler a bitcoin adoption 4D chess god? - Single handedly preventing a spot ETF to allow plebs more time to stack while simultaneously encouraging real self custody? - Baiting ETH into moving to PoS just so he’d have more ammo to declare it a security?

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Lyle Pratt

@lylepratt

4 years

Jeff Bezos is currently worth about 1 Bitcoin (Network) in USD.

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Lyle Pratt

@lylepratt

11 days

Drove to the grocery store with my wallet. Transported money 2 miles without a license. Audi Group also participated in the monetary transmission even though they didn’t have direct control over the funds.

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Lyle Pratt

@lylepratt

17 days

I think the impact of the imminently launching Hong Kong Bitcoin ETF is being severely underestimated just like the U.S. ETF launch was.

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Lyle Pratt

@lylepratt

3 years

Bitcoin eventually solves the over priced housing crisis in many cities by eliminating the monetary premium that real estate carries due to inflationary fiat. Housing will become vastly more accessible for the under privileged under a #Bitcoin Standard.

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Lyle Pratt

@lylepratt

3 years

This “Sr. Fellow” at the Cato Institute, an organization founded on “liberty, limited government, free markets”, wants your transactions surveilled and your access to open source money forcefully restricted by the state.

Steve Hanke

@steve_hanke

3 years

#Bitcoin use in El Salvador, as envisioned under Bitcoin Law, is going to light up the board w/ Financial Action Task Force red flags. Everything from payments, to BTC-USD exchanges, to remittances, to BTC wallet creation has the potential to be flagged.

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Lyle Pratt

@lylepratt

1 year

this “omg barry is going to force liquidate the trust and dump 600k BTC on the market” stuff is ridiculous. utter panic.

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Lyle Pratt

@lylepratt

3 years

There is not enough energy in the Sun to brute force a 256bit private key using classical computation, even if you had the compute hardware to run the energy through.

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Lyle Pratt

@lylepratt

2 months

Silver as an investment is the worst take on this app.

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Lyle Pratt

@lylepratt