Peter looked at the single greatest asymmetric bet in monetary history — $3,800 for a piece of a 21-million-unit, permissionless, unseizable, decentralized monetary network — and said "nah, it's going to zero."
Be the man who is extremely comfortable, both mentally and financially, holding Bitcoin and MSTR through another 50%, 60%, or even 80% drawdown from here.
Preparation > Confidence
I built myself for these moments.
Cancer is the cruelest disease, because it appears as part of the host body. The reality, of course, is that it is an insidious invader. The hordes of Muslim invaders welcomed by Democrats into America are a Sharia Law cancer.
And it is spreading like only a cancer can.
We essentially have to print money to pay the interest on money that we’ve already printed
But sure… a decentralized, finite, censorship resistant network protocol that fully audits itself every 10 minutes is the scam here, folks 😂
Want to understand Bitcoin?
Money used to require trust in kings, priests, central bankers.
Bitcoin replaces trust with verification via energy.
Bitcoin exists because thermodynamics demands it. Each Bitcoin record (block) burns ~$280,000 in electricity.
Wasteful? No, it's an energy wall protecting your wealth and time that you can’t print or legislate away.
Bitcoin is built on energy.
Five thousand years of monetary history overturned.
Here is:
the single most shocking piece of evidence in the entirety of the November 3, 2020 election:
Statistically impossible:
“They were all in sequence. These are absentee ballots and mail-in ballots. They cannot be in sequence—2232 cannot have 2233 next to it—because they are mailed in and come in all different numbers.”
Despite having hundreds of mosques in New York, mass street “prayers” are becoming a staple of life in the Big Apple.
And it’s not prayers, my friends, but assertion. They are claiming turf, like hyenas pissing to mark territory.
Nobody knows why Iran is actually being bombed.
Iran mines Bitcoin at $1,320 per coin. Sells it at $64,000. A 50x profit margin using state subsidized electricity. 700,000 mining rigs. $7.8 billion crypto shadow economy. All run by the IRGC.
It’s the only revenue stream sanctions can’t touch.
Last time the US hit Iran, Bitcoin’s hashrate dropped 15% overnight. That wasn’t a side effect. That was a proof of concept.
Trump created a Strategic Bitcoin Reserve. His son launched a Bitcoin mining company. He wants America to be the “crypto capital of the world.”
You don’t become the crypto capital by competing with a country that mines Bitcoin for $1,320.
You bomb their grid.
CNBC REPORTED THAT WALMART WILL NOW ACCEPT BITCOIN, ETHEREUM, AND OTHER CRYPTO PAYMENTS IN-STORE FOR ITS 1 BILLION MONTHLY CUSTOMERS.
THIS IS ACTUAL ADOPTION.
Again, ask any CEO…
Would they notice if 30%-50% of their company’s budget was being stolen by fraudsters?
The answer would be 100% YES.
Tim Walz is the CEO of Minnesota.
There’s no way he didn’t know Minnesota and US taxpayers were being robbed.
The CEO would be indicted…
JUST IN: US HOUSE TO DISCUSS 0% CAPITAL GAINS TAX ON #BITCOIN PAYMENTS TODAY
A DE MINIMIS EXEMPTION FOR BTC
LIKE, IF YOU WANT THIS PASSED IMMEDIATELY 🚀
I don't have much of a problem with the Democrats cheating because they always have and always will. That's a given.
But I have a problem with the Republicans that won't stop the cheating.
When good men don't stand in the way of evil, nothing else matters.
Bitcoin has been working as designed for 17 years straight
At this point, the only “speculation” is that something will drastically change…
Without any changes to the underlying protocol
Strategy sold 32 BTC. The market panicked.
So Strategy bought 1,550 BTC at the panic price.
Same dollars they would have spent a week earlier: $101 million.
A week earlier that bought 1,347 BTC at $75K.
At the panic price it bought 1,550 BTC at $65K.
The sell caused the dip that bought 203 extra Bitcoin for free.
Unpopular opinion: $MSTR has done more for Bitcoin adoption than Bitcoin OGs.
$MSTR keeps buying Bitcoin. This drives the price up and decreases volatility over time. Higher prices and lower volatility attract more investors.
Bitcoin OGs keep selling Bitcoin every 4 years. This creates volatility and scares new investors.
I am not trying to antagonize the OGs, but the facts are the facts.
We wouldn't need Bitcoin:
- If we could trust banks
- If we could trust people
- If we could trust the government
But we can't. That's why we need Plan ₿