Bitcoin Bull

HODL / BTC is gold 2.0 / ETH is web3 / DEFI will eat finance & FinTech.

[Bitcoin Bull @Ashton__T]

👇🏼 this is the “why” #Bitcoin when it was created

[Documenting ₿itcoin 📄 @DocumentingBTC]

Satoshi Nakamoto published this thirteen years ago today.

[Documenting Saylor @saylordocs]

"Bitcoin is dead"

Bitcoin:

[Simply Bitcoin @SimplyBitcoin]

Welcome to monetary policy.

[Bitcoin Bull @Ashton__T]

@Negentropic_ Yes. "It's not about timing the market. It's about time IN the market". - Warren Buffett

[Jack Mallers @jackmallers]

There is no rehypothecation with @Strike Lending.

When you take a Bitcoin-collateralized loan with Strike, your #Bitcoin stays in a segregated wallet. No rehypothecation, no funny business.

We hear you loud and clear. Better rates is next. Give us until the end of the month 🫡

[CZ 🔶 BNB @cz_binance]

Probably nothing... 😂

[Bitcoin Bull @Ashton__T]

@Croesus_BTC @bitcoinarchive World governments will soon pump our bags. (Sovereign Wealth Funds). Sounds like a Bitcoiners dream but it's becoming a reality. Nation state game theory has begun.

[Bitcoin Bull @Ashton__T]

@CarlosVallim2 @therationalroot Up only. ⬆️. Don't worry about this cycle peak, just zoom out keep stacking and HODL. BTC has not top because fiat has no bottom.

[Bitcoin Bull @Ashton__T]

@therationalroot And now we have Game Theory that will propel BTC FOMO on a nation state level.

[Bitcoin Bull @Ashton__T]

@bitcoinarchive @CryptoHustle Game theory in full effect.

[Michael Saylor @saylor]

MicroStrategy has acquired 55,500 BTC for ~$5.4 billion at ~$97,862 per #bitcoin and has achieved BTC Yield of 35.2% QTD and 59.3% YTD. As of 11/24/2024, we hodl 386,700 $BTC acquired for ~$21.9 billion at ~$56,761 per bitcoin. $MSTR https://t.co/79ExzXk4UM

[Anthony Pompliano 🌪 @APompliano]

Someone wake up @PeterSchiff so he watches us hit $100,000

[Bitcoin Archive @BitcoinArchive]

“If you don't believe me or don't get it, I don't have time to try to convince you, sorry.”
― Satoshi Nakamoto

[Bitcoin Bull @Ashton__T]

@wclemente 100k 🥱
(yawn).
Wake me up when we hit 200.

[𝐓𝐗𝐌𝐂 @TXMCtrades]

Some questions I have about the strategic Bitcoin reserve:

1.) Assuming the idea works, and when we use the BTC to "pay down the debt", whom specifically do we pay the Bitcoin to? Do we pay back holders of Treasuries with BTC *instead of USD* even if they don't prefer it? If debt holders insist upon dollar payment at maturity instead (because they have dollar liabilities themselves and because they bought treasuries expecting dollars), what would be the point of the Bitcoin? Are we selling BTC on the open market FIRST, which requires private sector buyers, and then sending the dollars as payment? Sketch it out for me.

2.) if BTC is meant for paying down debt, are we intending to issue less debt going forward? Or are we going to run the same deficit playbook in perpetuity? This is important because a strategy of balancing out our debt burden comes with an implicit presumption of fiscal discipline *at some point*.

3.) BTC's market cap took 15 years to capture 5% of total US debt by market share (pictured). Do we expect Bitcoin's relative performance vs US debt to *accelerate* beyond this point? Because mathematically, its % gains cycle over cycle are diminishing while the growth rate of debt is rising. How do these forces balance over the next 10-20 years with conservative CBO estimates of 5-7% deficits in perpetuity?

These are questions I am pondering and which I don't see ANYONE having reasonable discussion about. It's all euphoria around our bags getting pumped by Uncle Sam. However gains aren't the only reason this matters, and we need to understand the mechanisms for this plan before allowing the govt to embark on radically new policy. I am disappointed with the lack of analytical rigor from the Bitcoin community on this issue and hope to see more robust debate before any bill or EO is actioned by Washington.

[Bob Loukas 🗽 @BobLoukas]

The "I'm a genius trader" stage of the Cycle seems to have started.

[McKenna @Crypto_McKenna]

The competition for an emerging global digital store of value continues it's march upward.

$BTC

[Bitcoin Bull @Ashton__T]

@cryptoquant_com @JA_Maartun Record inflow of stables typically means pump. Interesting considering where we are in the cycle.

[Bitcoin Bull @Ashton__T]

@_Checkmatey_ Nice! I gave BTC at a company holiday gift exchange ages ago. Everyone laughed and thought it was a dumb gift. That guys is up 550% and he's a HODLer. Changed is whole life actually because he invested a lot after that.

[Bitcoin Bull @Ashton__T]

@intotheblock This is good. HODL. Does it include or exclude lost coins?

[Lark Davis @LarkDavis]

Bitcoiners vs. Germany