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Will Bitcoin Beat Every Asset Class? Bitwise Says Institutions Are Taking Notice
GameFi Guides

Will Bitcoin Beat Every Asset Class? Bitwise Says Institutions Are Taking Notice

by admin August 21, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin’s role in institutional portfolios is continuing to evolve, with new research from Bitwise Asset Management suggesting the asset could become the strongest-performing major investment class in the years ahead.

According to a preview of the firm’s forthcoming Long-Term Capital Market Assumptions (LTCMAs), Bitwise expects Bitcoin to deliver an average compound annual growth rate (CAGR) of 28% over the next 10 years while experiencing gradually declining volatility.

The report, authored by Matt Hougan, Chief Investment Officer at Bitwise, frames Bitcoin not as an opportunistic play but as a maturing asset that is increasingly being considered a core portfolio component.

Hougan noted that the launch and adoption of spot Bitcoin exchange-traded funds (ETFs) in 2024 marked a turning point, prompting large investment platforms and allocators to begin requesting long-term models for Bitcoin alongside traditional assets such as stocks, bonds, and real estate.

Growing Institutional Interest in Bitcoin

Hougan explained that long-term capital market assumptions serve as the foundation for how major financial institutions design portfolios. Each year, firms like JPMorgan and BlackRock release detailed outlooks that guide asset allocation strategies.

For the first time in 2025, professional investors have begun requesting that Bitcoin be included in these frameworks, with Bitwise reporting 12 such inquiries this year compared to none in previous years.

“The fact that they’re now asking for long-term capital market assumptions means that they’ve shifted their view: It’s no longer a one-off for the fringes of the portfolio; it’s starting to be considered for the core,” Hougan said in the memo.

He attributed this change to greater accessibility through regulated ETFs and approval by large account platforms managing trillions in client assets.

Bitwise also emphasized that Bitcoin’s path toward institutional recognition has been gradual, requiring both regulatory clarity and infrastructure improvements.

The launch of spot ETFs in January 2024 created a new on-ramp for traditional allocators, and subsequent approvals across national platforms have since accelerated the process. Hougan described the transition as occurring “brick by brick,” as Bitcoin gains a foothold in professional investment strategies.

Outlook for the Next Decade

Looking ahead, Bitwise forecasts that BTC will not only outperform but stand apart from traditional assets in terms of expected returns. The firm projects a 28.3% CAGR over the next decade, significantly higher than the long-term expectations placed on equities, bonds, and private credit by leading Wall Street institutions.

Bitwise Bitcoin projection against other assets. | Source: BitwiseInvestments.com

At the same time, while volatility is expected to remain elevated relative to other asset classes, Bitwise anticipates a steady decline as market depth expands and liquidity continues to improve.

The implications of such a forecast extend beyond performance projections. A consistent inclusion of BTC in LTCMAs could formalize its role in balanced portfolios, shaping how pensions, endowments, and wealth managers approach diversification.

Hougan cautioned that while risks remain, the framework is designed to give professional allocators a basis for strategic decision-making rather than a speculative outlook.

BTC price is moving downwards on the 2-hour chart. Source: BTC/USDT on TradingView.com

Featured image created with DALL-E, Chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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August 21, 2025 0 comments
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Class of '89 demo at Gen Con 2025
Esports

Class of ’89 demo at Gen Con 2025

by admin August 18, 2025


If you are like me, and most people, the biggest regret of your life is that you weren’t on the yearbook staff of your high school. The rest of you have already achieved greatness. For those of us in the majority, Class of ‘89 is going to bring us the taste of what could have been. I got to sit down to a demo of the game at Gen Con this year and I was impressed.

Prototype disclaimer. 80% gameplay complete, 0% Art & Graphics complete

First off, a disclaimer. The game is still undergoing playtesting and design, and work has barely started on the art. This preview will talk through core mechanics and images will be of what I saw, but some gameplay might be tweaked and the art can be improved with time and care.

Your job is simple enough, build a yearbook. Half of your personal board is for teachers and students, with a class of students coming after their teacher. Teachers score points for the students in the class who match their objective. Students will need to be placed in alphabetical order by their last initial. New teachers allow you to restart the alphabet, but might break up a high scoring group of kids. As the game progresses, you will be adding tokens to students, which will highlight their skills – like grades and athletics – and will be the main way they score points. Completing rows and columns on this page gives you bonuses: whether tokens, students, teachers, or clubs (which we’ll come back to). On the other half of your board is the extracurricular page. Here is where you’ll build a tableau of club pictures, ads, and ephemera. These give you one time bonuses like tokens or end of game scoring objectives that encourage the students to excel in certain areas, a.k.a. gathering more of certain token types.

With that not-so-short background, what are you actually doing in this game? Worker placement, where the decisions aren’t really about where you are going, but what’s there when you get there and which worker you use. 

See, every place in the school has a teacher/faculty member (who gives one time bonuses instead of end game scoring), a few students, and a tile that can be placed on your extracurricular board. Since the same staff deck and student deck populate the various sections, the gym teacher that complements your extremely athletic students might be found in the library. The locations let you bump up on the club track (bear with me on this) and have different sized tiles, but otherwise are identical. I don’t think this is a problem, as there’s so much to keep track of and optimize in every placement. Making one more decision would paralyze too many players. Because, believe it or not, there’s another big decision point. Which worker do you use? Every player has the same four workers, each with a different power. Do you excel in clubs, gather an extra resource from this section, get an extra token and signature (currency), or avoid paying the cost of the space and double up workers in a section? And you only get to play three of those workers in a round. So you are going to want to optimize your choices.

6 locations to place workers. End game scoring objectives, round marker, and the club tracker all above the board

Finally, clubs. Clubs like the National Honor Society will give you resources as you climb the ladder in them, and if you are highest or tied for it at the end of each round, you get signatures or the token type that’s associated with the club. Why do I save this for last? Because this is the part of the game we saw least and what I want more of (and the one rule we messed up the whole game, not realizing that you could get tokens). If you’re this far in, you’ll realize that there’s a lot of decision-making going on. What you don’t realize is that the demo-er was going easy on us. For the sake of our brains, they took out a major aspect of the students. Each student is aligned with two clubs, one on each side of the card. When placed next to another student such that they share a club between them, you go up in that track. Not a complicated statement, but one that is going to add to play time and make alphabetizing a lot more difficult. I really want to see what’s going on with clubs once I get to play with that mechanic, but also completely agree that new players might find that one extra bit just too much to deal with.

Finished card examples

As a preview and a demo, this game stood out to me. The worker placement is the main way you interact with other players, but frankly, is much less important than the decisions you make on your board to fill out the space as best you can. And Class of ‘89 has my favorite things in a board game: a relatively quick teach with lots of depth in the gameplay. Giving me a chance to fulfill my childhood aspirations that I let slip through my fingers was just a bonus.


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August 18, 2025 0 comments
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xqc and asmongold with a twitch background
Esports

Twitch hit with class action lawsuit alleging TOS bans users for criticizing platform

by admin June 3, 2025



A class action lawsuit has been filed against Twitch, accusing the Amazon-owned platform of violating California law by prohibiting users from criticizing the site.

On June 1, a lawsuit was filed in California by a Twitch user by the name of Daniel Blitch, claiming the platform was violating the state’s Yelp Law.

The law prohibits businesses from including clauses in contracts that restrict individuals from making statements regarding the business, its staff and its services.

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According to the lawsuit, through Twitch’s terms of service and terms of sale, the platform “unlawfully seeks to restrict users’ ability to freely share their experiences with Twitch’s platform and services, in violation of California Civil Code.”

Twitch accused of using TOS to silence criticism

Blitch, an individual from LA, has been subscribed to streamers since at least 2020, and claims that the platform prohibits or discourages users from making statements that could be harmful to its brand.

“Twitch’s Terms includes language to the effect that users may not post content Twitch deems harmful, disparaging, misleading, or offensive. Such provisions are enforced through moderation, account penalties, and removal of content,” the lawsuit alleges, further noting that the site can ban users for any reason,” the suit reads.

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Twitch is involved in a class action lawsuit with a “Daniel Blitch” leading the charge

Basically, he and others allege Twitch’s TOS is so specific and unique that he argues the entire Twitch TOS is invalid

Document is 9 pages

(1-4) pic.twitter.com/5Z04dyeYN3

— yeet (@Awk20000) June 2, 2025

As an example, the lawsuit referenced how at one point, there were discussions about Twitch not paying streamers well enough, leading Blitch and other users to be careful about how they approached the topic, even using words like “onionized” instead “unionized.”

“Twitch’s enforcement of its Terms deters users from expressing their genuine views, thereby chilling consumer speech,” the suit added.

Additionally, Blitch claimed that in at least one instance, a Twitch user was reprimanded for their criticisms of the platform.

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Because this is a class action lawsuit, other Twitch users in California who purchased subscriptions or goods may be eligible to join. Under the Yelp Law, civil penalties start at $2,500 per violation, but can increase to $10,000 for willful or reckless violations.

At the time of writing, Twitch hasn’t publicly responded to the lawsuit, but this isn’t the first time the site has found itself in legal trouble.

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Earlier in 2025, an exclusive Dexerto report revealed the platform had continued to bill some users for subscriptions to streamers who had been permanently banned on the site. Users were subsequently refunded after an attorney had planned a class action lawsuit on behalf of those affected.

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June 3, 2025 0 comments
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D&D summons Baldur’s Gate 3 energy with new psion test class
Game Updates

D&D summons Baldur’s Gate 3 energy with new psion test class

by admin May 31, 2025


Dungeons & Dragons makers Wizards of the Coast has put a strong focus psychic powers since 2023’s Baldur’s Gate 3 pitted adventurers of the Forgotten Realms against a mind-flayer invasion. WotC embraced the game’s success in its 2024 ruleset with an emphasis on psionics, with aberrant sorcerers, psychic warriors and soulknives all appearing in the Player’s Handbook. And Thursday’s Unearthed Arcana continued that trend, putting out rules for the psion class for the first time since 4th edition.

The psion dates back to earliest days of and D&D, mentioned in the first edition Player’s Handbook and fully developed with the 1991 release of The Complete Psionics Handbook. While a version of a psion called a mystic was tested for 5e in a 2017 Unearthed Arcana, it was never officially published. The amount of psion-focused art shared in a 9-minute video with the designers makes it feel more likely that this class is a keeper, possibly debuting in Forgotten Realms Players Guide releasing later this year.

The psion is a devoted spellcaster, like a wizard, but doesn’t speak arcane words or use special material components. Their spells are enhanced by a well of internal energy that manifests as bonus dice in the same way as the soulknife and psychic warrior subclasses. At first level, a psion can expend the dice to telekinetically propel creatures around the battlefield or extend their natural telepathy. The number and size of their dice expand as they level up along with the ways a psion can use them to attack or defend themselves.

The playtest offers options for four subclasses. The telepath is the most classic psion, a defensively strong class focused on psychically linking their party to bolster them. They can also subtly infiltrate thoughts to gather information. Psykinetics are good at utilizing forcefields and blasting people with telekinetic energies while psi warpers manipulate the battlefield by repositioning themselves and their allies. The metamorph is the most twisted option, letting the psion turn their body into a weapon by growing bone blades, extending their limbs, and flinging bolts of bile.

Players who just want a taste of psionics without fully committing to a dedicated class or subclass can try one of the 10 new wild talent feats. The empath gains emotional sense they can use to influence others along with the ability to psionically cast charm person and calm emotions, while a pyrokineticist can change the damage of their attacks and spells to fire and cast some fire spells. The playtest also introduces a few new spells, including the chance to summon a psionic entity.

Players can download the psion rules for free on the D&D Beyond website and offer feedback through June 3.



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May 31, 2025 0 comments
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The Best Class For Season 8
Game Reviews

The Best Class For Season 8

by admin May 28, 2025


Since the game’s launch, and for every season thereafter, I’ve told myself I’d dive in and play a different class. But I don’t. I always play Barbarian. Despite nerfs and buffs and stagnation, it’s a go-to class for many that, now in season eight, continues to excel. In this case, my preference doesn’t affect the choice here. Barbarian is still one of the best classes for Diablo IV in its eighth season, all thanks to a few buffs in the patch notes!

Diablo IV – Bear Bender Build

The best class to play in Diablo IV, Season 8

Screenshot: Blizzard / Brandon Morgan / Kotaku

As one of the most entertaining classes to play, thanks to its hard-hitting abilities and satisfying number of weapons to wield (and the best cosmetics for your armor and weapons), the Barbarian remains one of the toughest classes. It’s a top-tier zone-clearing class capable of speeding through an area with abilities like Whirlwind , and its damage scales alongside Strength—the main stat of the Barbarian. You’ll constantly outdo yourself as you level.

The Barbarian’s heavy reliance on gear is its one downside. At first, without a sufficient kit, you’ll feel weak. Plus, the early-game dragsto the point where you might want to surrender and play another class, like the Spiritborn or Necromancer. For those who persist and unlock better weapons, you’ll find the Barbarian clears endgame content with relative and unique ease.

The best Barbarian skills for Season 8

Screenshot: Blizzard / Brandon Morgan / Kotaku

For this particular setup, your Basic, Lunging Strike, won’t see copious amounts of use, but it’s worthwhile to spend a point or two simply to unlock your Core, Whirlwind, along with having a Fury generator on standby. With enough Fury, you can continuously pop Whirlwind and swim through your foes.

  • Basic: Lunging Strike
  • Core: Whirlwind
  • Defensive: Rally Cry
  • Defensive: Challenging Shout
  • Brawling: War Cry
  • Ultimate: Call of the Ancients
  • Key Passive: Unconstrained

Whirlwind is, of course, your main focal point here. It saw a significant buff this season, making it a viable zone-clearing ability once more. Everything else feeds Whirlwind or allows you to focus on wiping those mobs out with the Core skill.

Diablo IV Season 8 is ongoing now on PS5, Xbox Series X/S, and Windows PCs.



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May 28, 2025 0 comments
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Strategy
GameFi Guides

Class Action Lawsuit Filed Against Strategy Over Alleged Bitcoin Misleading

by admin May 20, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

On May 16, a class action lawsuit was filed against Michael Saylor’s Strategy (previously MicroStrategy) and its top executives, including President and CEO Phong Le and Chief Financial Officer Andrew Kang. 

The plaintiff, Anas Hamza, alleges that the Bitcoin (BTC) proxy firm misrepresented crucial aspects of its Bitcoin investment strategy, potentially violating federal securities laws.

Plaintiff Anas Hamza Sues Strategy

The lawsuit claims that Strategy’s disclosures misled investors regarding material facts about its Bitcoin holdings and corporate strategy. Hamza is bringing this suit on behalf of other shareholders who may have suffered losses due to the company’s alleged misleading communications. 

Specifically, the case cites violations of the Securities Exchange Act, which governs the accurate disclosure of information to investors, searching damages for these alleged violations.

Some of the firm’s skeptics, like Bank of America analyst Craig Coben, are worried that the firm’s aggressive approach to Bitcoin accumulation could expose stockholders to a lot of volatility in the market.

The expert has earlier stated that this continued accumulation could turn into a “vicious cycle” if the Bitcoin price collapses. However, Coben highlighted that as long as Strategy can fetch a premium to its net asset value, shareholders will benefit. 

Michael Saylor has also previously promised the firm’s investors that the company would be fine even if the cryptocurrency’s value dropped 90% and stayed that low for another four or five years.  

Saylor Reveals New Bitcoin Purchases

Despite the legal challenges, Michael Saylor has not publicly commented on the lawsuit. However, he disclosed on Monday further Bitcoin purchases on social media platform X (formerly Twitter), indicating that the company remains committed to its aggressive acquisition strategy. 

Through a US Securities and Exchange Commission (SEC) filing, the Bitcoin proxy firm disclosed its acquisition of an additional 7,390 Bitcoin for approximately $764.9 million, purchasing these coins at an average price of $103,498 each. 

This brings the company’s total Bitcoin holdings to 576,230 BTC, valued at around $40.18 billion. Saylor further noted that the firm achieved a Bitcoin yield of 16.3% year-to-date (YTD) for 2025.

Since reaching a yearly low of $232 in April, the firm’s stock, MSTR, has also achieved notable gains. It now trades at $410, reflecting a 76% increase that mirrors Bitcoin’s price recovery above the pivotal $100,000 threshold, indicating a resurgence of capital in the market following a challenging end to the first quarter of the year.

The 1D chart shows BTC’s price surge beyond $100,000. Source: BTCUSDT on TradingView.com

Whe writing, BTC trades at $104,860, recording a 23% surge on the monthly time frame, only 3.6% below its all-time high of $109,000 reached last January. Year-to-date, the market’s leading cryptocurrency is up 57%, per CoinGecko data. 

Featured image from DALL-E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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May 20, 2025 0 comments
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