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The June 30 filing puts $4.118 million of Bitcoin at the center of an unresolved going-concern problem.

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Jeff Booth, founding partner at Ego Death Capital and a director at Core Scientific, was once deeply skeptical of Bitcoin. The longtime technology entrepreneur, who co-founded BuildDirect in 1999 and authored The Price of Tomorrow in 2020, initially questioned whether Bitcoin could remain decentralized and secure against governments or other powerful attackers.

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Bitcoin and XRP enter another pivotal week after extending their recent declines, with US crypto regulation, Federal Reserve policy and Japanese economic data offering potential catalysts for both cryptocurrencies. Bitcoin trades near $63,000 after falling 3.2% over the past seven days, while XRP dropped 3.8% and slipped below $1.

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Gold has climbed 32% over the past year while Bitcoin has fallen 46%, challenging the idea that BTC would be the preferred scarce asset during a period of mounting government debt concerns. Global government bond yields have returned to levels Bitcoin has never experienced.