SATOSHI CIDERS / BRISTOL FREEDOM TECH on Sunday June 21st from 6.15pm at Prince of Wales Pub & Beer Garden on Gloucester Rd. Ask any questions, chat with Bristol Bitcoiners interested in growing sound money & local circular economies. BS7 8AA
I have been in Bitcoin for 10 years.
I have NEVER seen sentiment this bad, on all fronts.
Not 2015, not 2018, not the 2022 collapse.
Something is broken this time, and I think I found out why through 9 charts... 📉
Let's be real... It's easy to post "buy the bitcoin dip."
But it's much harder in reality.
But... when the US Gov is literally telling you they are building a BTC Reserve that will become the bedrock of the new global monetary system...
And you can still get one for about $65,000
The UK is a tinderbox right now.
Things are not good and it is going to get worse.
If you're a politician or work in the mainstream media, you did this - all of you. Absolute cowards.
Imagine you are a dental hygienist and live in Sweden..
You are employed to help “migrant children” with their dental issues.
As part of your job you examine the wisdom teeth development of the kids and you notice that 80% of those “kids” have fully formed wisdom teeth, implying they are not kids at all but adults older than the age of 18.
You tell the Swedish Migration Agency and they advise you to put it in writing.
When you send exact details, with examples of specific patients you are suspended, investigated and fired for disclosing private information relating to patients.
This happened to Bernt Herlitz in 2017.
When he appealed the unfair dismissal he ultimately lost and was fined about $50,000.
He and his family faced financial hardship and almost lost their home, until some generous benefactors raised money for him. Bernt remains unemployed today, despite staff shortages for dentists in his area in Gotland.
At the time, Sweden scoffed at the tests and claimed they were “discriminatory” but since then they have quietly brought in mass dental testing, for those whose age is in doubt, by the National Board of Forensic Medicine.
Bernt deserves a medal. Not vilification and unemployment.
Google went public in August 2004, and went up 100x from there. But it started at 23 Billion.
Anthropic and Open AI are starting at 1 Trillion.
The difference is not only the valuation, it's the fact that at least 4 players are competing neck and neck for LLMs.
All of them are losing massive amounts of money. Google, in contrast was highly profitable.
AI is going to change the world. But I am not completely convinced about these AI companies.
In contrast, Bitcoin has no competition, and its cheap. All the money printing in the next decade will make it immensely valuable.
The Bitcoin Business Network now has over 100 members.
Here's a selection of who's in it:
🏨 Hotels
⚖️ Law firms
🏫 Schools
🏥 Charities
🌾 Farms
🏢 Professional services
🍔 Hospitality
And now Great Ormond Street Hospital Charity has just joined the network.
These are normal UK businesses.
What I want to emphasise is that the price tells you nothing. Who's getting involved tells you everything!
My talk from @smarterwebuk + @BTCTMedia unconference👇 Thanks for inviting me @asjwebley, @ejuline & @TimKotzman.