Good morning.
The 20 millionth Bitcoin was mined yesterday. This means that 95% of all Bitcoin that will ever exist is now in circulation, and it will take 114 years to mine the remaining 5%. No other asset on earth works like this.
Have a great day.
JUST IN: China calls for an immediate stop to military operations.
Does this accelerate a US–Iran ceasefire before 15 March?
The market’s live with 3x leverage on it,
Position yourself asap, anon 🪱
Bitcoin is a volatile asset.
It went from $0.01 to $126,000 in about 15 years. There were many 50-85% drawdowns along the way.
Bitcoin has averaged a Global Financial Crisis every 18 months for the last decade.
Yet bitcoiners continue to hold through all the noise. The blockchain produces block-after-block of transactions.
And the critics take their “victory laps” during the drawdowns, only to get their faces ripped off a few months later in a bull market by the best performing asset since 2010.
It is a story as old as time.
Let the critics celebrate today. They will predict the death of bitcoin for the thousandth time. They will point and laugh at those who hold the asset.
But secretly they know the truth.
Their dollars will continue to devalue and bitcoin will appreciate over the long run.
Scarcity never goes out of style.