no advice// finance and money guy interested in what’s coming // a decade in recovery // lost in some tunes, but it beats being lost // father of two 🪽
Sleep easy, Bitcoiners.
A long red chart doesn’t mean you’re wrong.
Gold spent 20 years being “dead” before people remembered scarcity matters.
Eric Sprott didn’t seem too worried.
Patience is an underrated investment strategy. 🍊
🍊I think the answer is yes.
But can we all acknowledge how painfully slow the red tape is when adopting new financial technology?
We can move money around the planet in seconds…
…and still need a committee meeting to decide if we’re allowed to press the button.
🍊Banks will probably explore more crypto exposure through Bitcoin, XRP, and other digital assets.
The interesting question:
Could bridge assets and tokenized settlement rails reduce the amount of idle liquidity needed in global finance?
If every transaction can settle faster with less capital trapped on the sidelines…
that’s a pretty big deal.
Am I missing something?
$BTC is gonna have a hulk-green pump week… 🤣
If I was still on the sauce I’d set a timer and see how many pints I could get through before someone got force-liquidated.🍊
🍊⚡️Electricity is a peculiar thing.
We spend billions generating it, struggle to store it, and routinely throw some of it away because nobody needs it at that moment.
Bitcoin quietly solved part of that problem by turning excess electricity into money.
It’s one reason power-rich baseline companies like $IREN may be more valuable than they appear.🍊
@Rothmus@elonmusk It seems people have already forgotten that electricity was rationed not that long ago. Only thing worse than greed is misplaced greed
To me, large amount should be viewed as median wage( in London, $34.50 CAD in pretax) -2 years true inflation. Keeps me honest, and shows how absurdly expensive everything has gotten. The day to day reality is often different, of course, but this is a conservative discipline tactic I use for daily “want” spending 🤷♂️