For Bitcoin to win, I believe Bitcoiners should aim to be as anti-fragile as Bitcoin itself. Here's my take on how we can do that
https://t.co/Idt36IR2wc
In 2017, Morgan Stanley said 'Bitcoin's true value could be zero.'
This week, Morgan Stanley celebrated the launch of its Bitcoin ETF — its most successful ETF launch ever.
Bitcoin was the fastest asset in history to reach $1T and $2T.
It took just 12 years to hit $1T and 15 years to $2T.
It outpaced Apple, Google, NVIDIA, Microsoft, and Amazon.
@punterjeff
Bank of America put Bitcoin on its 1,000-year chart of the most disruptive innovations in human history.
Same list as the printing press, the steam engine, the light bulb, and the internet.
And its just 17 years old. You are not late.
Hormuz just made Bitcoin easier to understand.
A $1 per barrel toll on pre-war Hormuz flows would generate about $20 million a day.
At current prices, that is about 281 BTC.
Bitcoin only issues 450 new BTC a day.
If stablecoins can be frozen by the U.S., then neutral settlement matters.
Bitcoin is the obvious candidate.
So one geopolitical chokepoint could theoretically absorb about 62% of all new Bitcoin supply.
Scarcity matters more as the world gets more fragmented.
@BorisJohnson Bitcoin is not a Ponzi scheme. A Ponzi requires a central operator promising returns and paying early investors with funds from later ones. Bitcoin has no issuer, no promoter, and no guaranteed return—just an open, decentralized monetary network driven by code and market demand.
Good morning.
The 20 millionth Bitcoin was mined yesterday. This means that 95% of all Bitcoin that will ever exist is now in circulation, and it will take 114 years to mine the remaining 5%. No other asset on earth works like this.
Have a great day.
US winter storms temporarily forced miners offline and Bitcoin issuance immediately adjusted.
Name another monetary system that reacts to physical energy scarcity instead of politicians.
Once every 4 years, bitcoin crashes & fiat casino traders trot out a chart of the last month to gloat, hoping it'll erase the pain of spending years trading & staring at charts only to be down 80% in bitcoin terms, underperforming all hodlers who live their life chart-free.