Something v weird with how everyone in financial media all simultaneously started saying the phrase "debasement trade" these last few days
As a bitcoiner I like it, but the narrative feels very forced and astroturf-y
Like why suddenly now, and not in 2022 when CPI was raging?
You can't premine bitcoin, but you can premine a treasury company to give yourself 51% ownership, reverse merger on the stock market, anoint yourself to a C-Suite position, and then give yourself a cushy compensation package that drains 7 figures per year from the BTC reserves.
Bitcoin has underperformed over the past four years but I am willing to be that it will outperform (again) over the next five.
Despite its challenges.
Cc @w_s_bitcoin
The dominant narratives being shilled for BTC these last 12 months by influencers have been so scammy.
Forget about SBR. Forget about treasury companies. Forget about omega candles.
The whole point of BTC is to control a real UTXO and benefit from the self sovereignty and freedom properties of a decentralized digital bearer money that can't be confiscated, censored, or debased.
That's the value prop. That's why you should be here.
If you're here for anything else, you should do a self reflection and figure out whether it is bitcoin that you truly want, or whether you actually need to be prescribed something else.
All of the Bitcoin exchanges, ETFs, and platforms with counterparty risk are fully audited and secure.
None of them have gone down and nobody has ever lost funds with any of them.
A 0% exposure to self custody Bitcoin at this stage of global adoption is justifiable.