Blockware Intelligence Newsletter: Week 178
Bitcoin on-chain analysis, mining analysis, macro analysis; overview of 5/30/25 - 6/1/25
Blockware x Soluna (NASDAQ:SLNH)
Blockware has recently partnered with Soluna, a US-based data center infrastructure provider operator to provide Bitcoin miners with access to high-uptime hosted mining solutions. The Blockware team sat down with Soluna CEO, John Belizaire, to discuss the partnership, how this benefits Bitcoin miners, and what the Bitcoin industry will look like as it continues to mature. This podcast was recorded on Wednesday, May 28th, at the Bitcoin 2025 Conference in Las Vegas.
Check it out!
Elon Crashes Out – Will This Catalyze Him to go All-in on Bitcoin?
We try our best to avoid discussing political drama in this newsletter — but as it pertains to capital markets, there’s a lot of signal to derive from Elon Musk’s recent tirade against President Trump and ‘The Big Beautiful Tax Bill.’
This $5 Trillion spending bill concedes any notion that this administration was going to cut government spending and eliminate the budget deficit. Such a notion was foolish from the beginning – entitlements, military spending, and interest payments comprise well over half of the annual budget, and none of these line items can or will be eliminated.
Nothing summarizes the fiscal situation better than Lyn Alden’s trademark one-liner: “Nothing stops this train.” US Debt-to-GDP currently sits at 120% – the only way to get this number down is through financial repression: allow inflation to run higher than interest rates. By devaluing the dollar nominal GDP will increase faster than interest rates compound the debt. Liquidity will continue to rise and Bitcoin will be the asset most absorbent of that liquidity:
Finite Supply
Globally Traded 24/7/365
Instant Portability & Liquidity
Salable Across Scales (Small & Large)
Neutral, Non-Sovereign, Bearer Asset
Check out the video below on the Blockware YouTube channel for a full breakdown of the US Debt Spiral, Elon Musk’s real-time realization, and what this could mean for $TSLA.