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Luke Gromen Says Bitcoin Never Hits $1M. Here’s What He’s Getting Wrong — Key Takeaways

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Luke Gromen Says Bitcoin Never Hits $1M. Here’s What He’s Getting Wrong

Natalie Brunell12mOct 13, 2026

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Buy hardware wallets directly from the manufacturer and use fresh, unspent Bitcoin addresses, because exposed public keys and tampered devices are becoming the real attack surface.

Key takeaways

Hardware wallets bought from resellers are being tampered with via hidden chips

Hardware wallets bought from resellers are being tampered with via hidden chips

  • Ledger devices from reseller CryptoBillis found with implants that read recovery phrases during setup, totaling $90-100M in losses.
  • A European user posted photos of similar tampering from an official retailer — treat as unconfirmed warning.

Paper Bitcoin derivatives may be suppressing Bitcoin's price growth, mirroring 1980s gold

Paper Bitcoin derivatives may be suppressing Bitcoin's price growth, mirroring 1980s gold

  • Bitcoin peak-to-peak growth collapsed from 500%+ early cycles to ~16% in the last, coinciding with futures (2017) and futures ETF (2021) launches.
  • Coinbase increasingly offers dollar-settled leveraged bets that never touch real Bitcoin, enabling price-setting without ownership.

Move Bitcoin from spent addresses to fresh receive-only addresses as AI quantum risk precaution

Move Bitcoin from spent addresses to fresh receive-only addresses as AI quantum risk precaution

  • Spent addresses expose the full public key; receive-only addresses keep it scrambled, adding a security layer if SHA-256 breaks.
  • Justin Drake (Ethereum Foundation) warned AI could crack Bitcoin's math within months; 'bunker mode' recommended for largeholders.

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In this video

  1. 1mIntro
  2. 1mBunker Mode: Can AI Crack Your Bitcoin?
  3. 3mLedger Attack Via Tampered Wallets
  4. 5mBorrow Against Your Bitcoin with Ledn
  5. 6mGold & Treasury: Judy Shelton Gets Bessent’s Ear
  6. 7mCFTC’s New Rules
  7. 8mBitcoin’s $1M Threat: Gromen vs. Saylor and Lyn Alden

“Bitcoin has a faster withdrawal and audit cycle than gold.”

— Lyn Alden

This page is a partial, transformative summary produced by Homestake. All rights to the original content remain with its creator — please support them at the source link above.

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