Episode Transcript
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Tesla's early Bitcoin exit costthe company billions, and JP
Morgan quietly enters theBitcoin-backed loan game. Hey
gang, Ross Brand, with yourBitcoin Universe: Daily Update.,
Here's today's top three Bitcoinstories you need to know before
you make your next move. Teslacould have made an additional
$1.2 7 billion, if it had heldon to the majority of its
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Bitcoin. According to CNBC, thecompany sold roughly 75% of its
holdings in 2022 for $936million, a move now seen as a
major missed opportunity withBitcoin trading around the
$116,000 this morning, Teslastill holds about $240 million
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in Bitcoin, but the bulk wasliquidated before this year's
rally. The decision highlightsthe challenge of timing Bitcoin
in corporate treasuries. Asingle options trader placed a
massive $23.7 million bet onBitcoin hitting $200,000 by the
end of 2025. The trade is one ofthe largest bullish options
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plays in recent months. AnalystJames van Straten says it's a
high risk bet, but it shows thekind of upside some traders are
still targeting, even after thisyear's surge. JP Morgan quietly
enters Bitcoin-backed lending.According to multiple reports,
JP Morgan is now offeringBitcoin-backed loans to select
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private clients, joining GoldmanSachs and other traditional
banks that are cautiouslystepping into crypto lending.
It's a sign that legacy financeis warming to Bitcoin as
collateral, even as publicmessaging stays conservative.
Also worth noting, RobertKiyosaki, he's the author of the
Rich Dad, Poor Dad franchise. Hewarns that Bitcoin ETFs could
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lead to centralized ownership,much like how Wall Street
absorbed gold through ETFs.However, supporters counter that
ETFs make Bitcoin moreaccessible to mainstream
investors by offering aregulated entry point. I'm
curious to know, do you see ETFsas a path to wider adoption or a
risk to 's decentralization?Share your takes in the
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comments. Would love to knowwhat you think, and that's your
Bitcoin Universe (02:17):
Daily Update
for Friday, July 25, 2025 I'm
Ross Brand, tracking whatmatters in Bitcoin and helping
you make sense of it. FindBitcoin Universe on Substack at
Ross Brand Bitcoin dot Substackdot com that's
rossbrandbitcoin.substack.com.Bitcoin Universe is for
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informational purposes only anddoes not constitute financial
advice.