TD₿: Elon Gives Up, Trump Buys Bitcoin, and Draper Says USD is Dead - (a Swan original video) with Hurley

TL;DR: Trump Media bets $2.5B on Bitcoin. Strive and Cantor back BTC lending. Tim Draper says the dollar’s done - Bitcoin’s going to infinity. The Bitcoin train can't be stopped!

May 28, 2025

Hey Bitcoiners,

Trump Media just made a bold $2.5 billion Bitcoin treasury move, calling it their “crown jewel asset,” citing financial freedom and protection from banking discrimination. Cantor Fitzgerald launched a $2B Bitcoin-backed lending program, and Strive Asset Management raised $750M for BTC-focused strategies. More than $5B of new institutional capital flowed into Bitcoin this week alone.

Bitcoin is no longer just a speculative asset - it’s becoming integrated into the core of global financial infrastructure, with firms using it as collateral, credit, and a base layer for new capital markets. Donald Trump Jr. publicly tied the decision to ongoing censorship and debanking experiences.

The macro backdrop is just as important. With the U.S. running a 6.7% deficit-to-GDP ratio during peacetime, and Treasury officials admitting they’re relying on fantasy-level GDP growth to stabilize debt, it’s clear the current system is unsustainable. This is commonly referred to as “fiscal dominance” - where monetary policy becomes a servant to uncontrolled government spending.

Tim Draper predicts Bitcoin will replace the dollar in a decade, as trust in fiat evaporates. Whether or not you share his timeline, one thing is certain: institutional adoption, monetary mismanagement, and the remaking of global finance are converging around Bitcoin.

The shift isn’t hype - it’s regime change. First gradually, then suddenly.

Tick tock next block,
The Swan Education Team

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Quote of the Day

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In the Headlines

Strive Asset Management Raises $750M to Buy Bitcoin, Eyes $1.5B Total with Innovative Treasury Strategy

Strive Asset Management, co-founded by Vivek Ramaswamy, has raised $750 million through a PIPE deal to buy Bitcoin, with the potential to raise another $750 million via warrants, totaling $1.5 billion.

Unlike traditional Bitcoin treasury companies that rely on straightforward accumulation or leverage, Strive aims to outperform Bitcoin itself using innovative "alpha-generating" strategies. These include buying distressed claims (e.g., Mt. Gox), acquiring discounted Bitcoin-linked assets, and investing in structured credit vehicles.

The firm deliberately avoided debt financing to preserve future leverage capacity. The deal values Asset Entities (ASST), Strive’s merger partner, at $1.35/share—over 100% premium on its prior price. ASST shares are down 23% today but remain up 1,400% YTD.

Swan Shortie of the Day

Event of the Day (Happening Now)

The Bitcoin Conference 2025 is scheduled to take place in Las Vegas from May 27 to May 29, 2025, at The Venetian Las Vegas. This event is the world's largest gathering of Bitcoin enthusiasts and industry professionals, featuring talks by thought leaders and industry innovators, and attracting over 30,000 attendees.

Las Vegas is also home to several cryptocurrency companies, including CleanSpark, which specializes in sustainable infrastructure for Bitcoin and aims to promote financial independence and inclusion.

Bitcoin Conference 2025: The world's largest Bitcoin event, scheduled for May 27-29, 2025, in Las Vegas.
CleanSpark: A Bitcoin company based in Las Vegas that focuses on sustainable Bitcoin infrastructure.
Las Vegas Tax Attorneys: Experts providing consultations on Bitcoin tax issues.

Tickets for the Bitcoin Conference 2025 can be purchased through Eventbrite, and the event times are from 9:00 AM to 5:00 PM daily.

Meme of the Day

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