🚩Signal of signals here👇
Bitcoin mining difficulty keeps increasing rapidly, even though the price of bitcoin is still trading around the '17 high.
Difficutly was way lower at this time. So what's happening? And why is this the signal of signals?
Let me explain🧵1/x
HOW MUCH #BITCOIN to get rich and fund your lifestyle?
HOW LITTLE #BITCOIN to protect yourself against inevitable inflation, bank runs, and fiat demise?
Are you “too late” to #Bitcoin?
What would a 1% allocation do?
Let’s run through the MIND BLOWING #BTC math.
🧵👇
@Raven_Resolve@mike_maloney Actually, people do buy more things with bitcoin than they do with gold. Even though we are 5000 years into the gold project.
@tingxiao7@mike_maloney Which is true for the last couple of thousand years. But there was no bitcoin in this period of time and things are changing fast now.
@mike_maloney In reality, nobody decides what money is. People decide for themselves what they want to use as money.
Restrictions and perception can block this process for a while, but in the end, the good with the best monetary characteristics wins. Which is Bitcoin ✌🏻