May | Newsletter

May, the month of love?

Saylor broke a few hearts when he confirmed that “never sell” may not hold forever. Not every lawmaker has fallen for the Clarity Act either — it doesn’t have unanimous support ahead of its final vote. Banks are flirting heavily with gold this year, though there’s one unicorn among them: the Czech National Bank, the first to use bitcoin in its test portfolio.

Some secrets in love can hurt. And Bitcoin has one tiny secret of its own. This one won’t hurt, though. If anything, it’s something to show off to your friends — along with a new Invity referral bonus.

🎙️ News

Strategy opens the door to selling some Bitcoin. The certainty Saylor has always attached to his Bitcoin strategy took a hit at the start of May. “Never sell” gave way to a more measured stance: “We’ll probably sell some BTC to fund the dividend.” [Source]

Bitcoin overtaking gold as the debasement hedge. May opened a window in which investors, driven by the ongoing conflict, favoured Bitcoin over gold as protection against currency debasement. In the two months following the Iran conflict, Bitcoin gained nearly 19% while gold shed around 5%. The story needs context, though — gold has out-trended Bitcoin this year overall, and central banks continue to accumulate it at an elevated pace. [Source]

The US may pass the Clarity Act within days. The crypto regulatory bill known as the Clarity Act has advanced to a final vote. White House enthusiasts are hoping to sign it into law within days, right on Independence Day, July 4th. The bill would bring, among other things, legal certainty for institutions looking to work with crypto, and strict rules on the segregation of customer funds: exchanges and brokers would be prohibited from mixing client assets with their own. [Source]

📱 What’s new in the app

✅ Referral program: a new reward — €4 for both the referrer and the referee after 3 savings transactions.

✅ New languages: Spanish, Portuguese and German.

🎙️ Where we’ve been & where we’re going

May was busy. We took over Money Maker in Brno, MadBitcoin in Madrid, CryptoByte in Liberec and Bitcoin++ in Vienna. What a blast! Thanks to everyone who stopped by our booth and wanted to know more about what we do.

BTCPrague is coming up in June — come find us, we’ll have something special at our booth. And if you’re joining the conference, catch our talks:

Matouš Ledvina — Getting Bitcoin for Printed Money: How To Play · June 12, Expo Stage, 17:20–17:40

Štěpán Uherík — Be the Sailor of Your Own Sea: How To Maximize Your Bitcoin Stack · June 13, Main Stage, 11:10–11:30

Discussion with our Product Manager, Petr Horák — Bitcoin as Collateral: The Hack Transforming Personal and Corporate Finance · June 13, Anycoin Stage, 10:00–10:50

👉 No ticket yet? Use code INVITY for 10% off.

🎓 Education corner

Fixed supply

/fɪkst səˈplaɪ/ · The hard cap on the total number of Bitcoin that will ever exist: 21 million.

Unlike euros or dollars, where central banks can print more whenever they choose, Bitcoin has a ceiling baked into its code. No government, no company, and no developer can change it. When the last Bitcoin is mined (estimated around 2140), that’s it. No more. This scarcity is one of Bitcoin’s most fundamental properties as a store of value.

As of today, about 20 million BTC have been mined. That leaves only about a million left to ever enter circulation.

“I keep buying a little each month, knowing the supply is capped. It feels different from saving in cash.”

With Invity’s Auto Buy, you’re steadily accumulating from a supply that only ever gets scarcer. Every recurring purchase is a step toward owning a fixed share of a 21-million-coin universe.

🐇 Did you know…?

There won’t be exactly 21,000,000 bitcoins. The real number is 20,999,999.9769. Why? Bitcoin only ever approaches the 21-million mark asymptotically — and never crosses it — because of the way its blockchain handles the numbers. [Source]

May the love ₿e with you and your friends. INVITY