No, you did not miss the bitcoin train.
We are just getting started.
Just because bitcoin went up a lot does not mean it cannot go up a lot more. On the contrary, the more it goes up, the more it demonstrates product-market fit, the more likely it is to go up.
Bitcoin is different from stocks, bonds, and commodities because it has a much, much larger addressable market. Let's compare:
Apple's total addressable market is 8 billion people who can own an iphone and laptop. A lot of them already do, and a lot of them are too poor, so there's just not much more room for growth. Maybe Apple can increase by 5x, or 10x, but it would need to introduce new products that are wildly popular to do so, which is very difficult. Ultimately, an Apple stock is a claim on cashflow, and it is priced based on expectations of Apple cashflow, and it is not easy to continue to increase cashflow once you're a trillion dollar company.
But bitcoin is money, and its total addressable market is all of the planet's cash balances, which currently include something in the range of $100 Trillion in physical government cash and checking and saving bank accounts, plus ~$120 Trillion in government bonds, ~$22 Trillion in gold, and arguably, a chunk of the world's real estate and stock markets, which people are holding to beat inflation, and not to take risk in search of return. All in all, bitcoin's Total Addressable Market is in the range of $200-300 Trillion, which is about 100 times larger than what it is now. All of these assets are trash compared to bitcoin, and there is no reason for anyone intelligent to hold a significant position in them. Everything held in these assets has lost ~90% of its value against bitcoin in the last 5 years, and will likely keep losing another 90% every few years. The only things maintaining significant demand for these assets at this point are their holders' old age, intelligence deficiency, and susceptibility to government propaganda. They can continue to hold these assets as they decline, making them poorer, or they can shift to bitcoin and start getting richer. Either way, and regardless of what they do, the world's wealth is going to end up in the hard money, and not in the obsolete moneys of the twentieth century.
Bitcoin has no cashflow to price it. Most nocoiners think this makes it a ponzi, but that is only because they have never experienced real money, and only have as a frame of reference the hot potato trash fiat money which everyone smart tries to exchange for hard assets as soon as they can. They are incapable of understanding people demanding to hold money for its own sake, for its ability to hold value, and not for cashflow. This is how gold became the money of the world without generating any cash flow, and this is why bitcoin, which is infinitely better money than gold, is going to continue to monetize and grow.
Nonetheless, bitcoin's demand is highly variable, and with leverage, it will likely continue to be significantly volatile for the foreseeable future, so always keep in mind that it could decline significantly, and manage your position accordingly.
Gold is eternal.
It’s the largest store of value in human history—over $21 trillion—and physically indestructible.
But after 8 years running a physical gold fund, I realized something shocking:
Bitcoin is better.
Here’s why 🧵
You are welcome to your opinion
Equally, when you say "Bitcoin is useless", you are saying that each and every one of the recorded usecases of Bitcoin is useless
In other words, you are saying:
1. Helping bring energy abundance to these 1800 African villagers have no value https://t.co/bgOaasQeUG
2. Getting aid to 1000s of war refugees is useless https://t.co/WKD4FNPGlq
3 Developing energy independence for Bhutan is useless https://t.co/fKBkfEKDea
4. Protecting National Parks in Africa is useless https://t.co/455ChX6f9P
5. Helping 19.4 million Afghanastani women avoid State-level financial discrimination is useless
https://t.co/GsClHWJn7H
6. Establishing the economic sovereignty of 14 African nations still experiencing French financial colonization is useless https://t.co/s18NsVHKKT
7. The idea of creating an alternative to a monetary system which can and does elongate wars, increase wealth gaps, bail out bankers but fail to protect employees and small businesses is useless https://t.co/T6D7yoGZdz
8. The potential to provide banking to up to 2 Billion unbanked is useless https://t.co/fKBkfEKDea… https://t.co/T4mjBZ8oRo
9. Providing a financial system that is harder to use for money laundering than fiat currency is useless https://t.co/CLghbaZfU5
10. Removing the risk of financial reprisal for running humanitarian campaigns in autocratic nations where 5.7Billion people live is useless https://t.co/2KM9kuAUQp
11. Providing 250 Million people in countries experiencing hyperinflation a means to stop 50%+ erosion of their family savings per year is useless https://t.co/7Yu7IpSSpd
12. Allowing people in developing nations to receive remittance payments from family without delays and without heavy fees is useless https://t.co/NWTeMOLUny
13. Having a secure, permissionless, decentralized, 24/7 store of value with fixed monetary supply is useless https://t.co/J75wOAXWzS
14. The accomplishment of becoming the world's most sustainably powered industry is useless https://t.co/llglfd47WY
15. Accelerating the renewable transition by making renewable generation more profitable is useless https://t.co/4SCHxTMRBu
16. Reducing more emissions from landfills than the largest DAC project in the world ever achieved is useless https://t.co/5IysyKbWrg
17. Developing an monetary financial system with significantly lower emissions and emissions intensity than the banking system is useless https://t.co/RIiW2jx63R… https://t.co/IGf5oq4Fv9
Arguing that even one of these things is useless, or that Bitcoin does not deliver this promised value would I think be difficult. Though, have a go if you wish.
But arguing that all 17 have are useless (which you'd need to do in order to contend that Bitcoin is useless)? That would require mental gymnastics beyond the level to justify flat-earth theory.
It's rare I see a technology with one benefits akin to the ones above. But to have 17 usecases of such world-changing dimension - that is a once in a generation technology.
Okay everybody in @letsraave parties. I know it’s hard to get grab out from here but you always have to pay higher gasfee to get your tx through in the bull matket so walk straight where the grabs are waiting tx to happen and raise the gas fee
#rAAVE
Leaders come and leaders go, but don’t change the rules of the game.
Censorship is changing the rules of the game.
Lawfare is changing the rules of the game.
Importing voters is changing the rules of the game.
Time to change the people who are changing the rules of the game.
I just received word that Craig Wright has discontinued all parts of his UK libel proceedings against me.
Meaning it's OVER. I just got my life back.
I'm so extremely happy right now! Thank you to everyone who has supported me!
🧡