@OscarPatel What about LeBron James, Cristiano Ronaldo and many others? They have veneers (crowns) for a long time but their physical capabilities haven't been deteriorated.
Exactly 129 days, a Bitcoin prophecy was born.
On November 5, 2024, Josh Mandell, a legendary Wall Street trader, called his shot when Bitcoin was trading at $74K.
Here is a breakdown of the prophecy and what it means for Bitcoin's price action this cycle.
A 🧵:
The US is doing everything possible to deprive itself of the status of the reserve currency issuer.
Have some balls, don’t get shaken out. We will continue winning.
$BTC
Hey Russia,
Trump’s a shitcoiner.
Announce a Bitcoin Strategic Reserve for Russia (No shitcoins)
And you will jump ahead of the US in the Global Hash War™️
"You gambled with Bitcoin and won, but now sell it for normal stocks."
I was just given this advice by a well-meaning boomer friend.
I loved to hear it. Because it confirms we are all in the right trade.
I have one big investment.
And I study it 5 hours a day, month after month, year after year.
Who can gain a better edge?
This is absolutely not a gamble. It is the biggest asymmetric bet of a generation combined with the biggest information asymmetry that I have ever seen.
These Swiss village homes are beautiful 😍
Each of them is worth between $1.5 and $3 million.
But they're also:
Illiquid - Need to cash in? It can take months / years to find a buyer.
Non-fungible - To find a buyer, you need:
- A well-off Swiss resident who wants to live in a townhouse in Perroy, Switzerland
- Who likes your specific home
- Who is looking to move when you are.
Non-divisible - You can't sell 2% of your home. It's all or nothing, baby.
Has high carrying costs - You need to pay annual tax, running costs, and repair costs just to own it.
Expensive to buy - Once you finally have enough saved for a down payment, you'll probably require a loan from the bank that you pay interest on every year. You'll also pay transaction fees.
The price appreciation is capped - The home will likely keep pace with inflation, but its price growth will be limited. Because even if it's quality property, it can only be sold to other Swiss residents.
Which is great if you want to buy a home in Perroy, but not great if you want an ideal store of value that gains due to increases in global demand.
Despite all of that, real estate like this is still considered a top tier store of value.
And if you were lucky enough to be born in the right jurisdiction and have a nice chunk of cash to invest, you might just get a chance to buy some.
But #Bitcoin is better property for everyone else.
Bitcoin is property that transcends borders.
Anyone in the world can increase or decrease their property holdings one dollar at a time, 24/7, for very low costs.
This is an incredible innovation.
And unlike these village homes, there is global demand for BTC.
No, you can't live in a Bitcoin.
But you can easily sell some Bitcoin to pay for housing if you want. Or for croissants and coffee.
You know, like the money of the future.
https://t.co/an5bZSYLL6