@tonyblackburn@BBCRadio2 Cracking Sounds of Soul show @tonyblackburn!!! I’m obsessed and can’t get enough. You need to do this again, and again. Pleassse! ♥️Happy New Year!
I bought my groceries in El Salvador yesterday with #bitcoin at Super Selectos 🇸🇻⚡️
💲 More than $100
⚡️ Paid over lightning
⌛️ In less than 2 seconds
💰 For 0,4% fees
🤳 From my non-custodial @PhoenixWallet
Yes, if you want (!) you can live on a bitcoin standard!
🇸🇻 There is a lot written about bitcoin in El Salvador. But how is it really?
I just came back home after visiting for the 5th time in two years. And I’m impressed. Again.
🧡 No, it’s not hyperbitcoinized. But there are things happening that we cannot ignore.
🧵 1/18
MicroStrategy has acquired an additional 14,620 BTC for ~$615.7 million at an average price of $42,110 per #bitcoin. As of 12/26/23, @MicroStrategy now hodls 189,150 $BTC acquired for ~$5.9 billion at an average price of $31,168 per bitcoin. $MSTR https://t.co/PKfYY59sTW
NEW: @saylor's Microstrategy #Bitcoin investment saw an increase of over 30%, with $5.314B invested, and a current value of $6.915B, marking a 💵 $1.6B profit 🙌
Rumor going around that Qatar's Sovereign Wealth fund wants to have a $500 billion allocation to #Bitcoin.
CONTEXT: That is 671x more than @saylor's disclosed #BTC position. 👀
PROBLEM: There is only $76 billion worth of #Bitcoin remaining on exchanges.
Many people seem to not understand this and say "wait, how will they buy if there aren't more coins?"
That's the whole point... with immovable supply the only thing that can happen is price moves. 🤷♂️
My guess is that this rumor is just that... rumor.
Until it has happened this is pure speculation... In all likelihood it would not be $500 billion, it would be over many years, and it would not be instant liquidity. If it happens at all.
HOWEVER these things will eventually occur.
Why?
The US adds $500 billion in unfunded liabilities every two weeks.
-Michael Saylor was only the beginning for wall street.
-A $500 billion sovereign wealth fund dwarfs Saylor.
-Debasement dwarfs fund allocations.
-Technological deflation dwarfs all.
Do I think $500 billion of #Bitcoin is about to be smash-bought and instantly drain exchanges?... No.
Are exchanges draining alarmingly rapidly?... Yes.
Is $100,000,000 #Bitcoin bullish?... No.
In the video below I explain how #Bitcoin could absorb a 2% allocation creating $500,000,000 #BTC via Bank of America's multiplier effect.
Few people realize #Bitcoin at $42,000 is (in many ways) just as cheap as it was at $42...
Step 1 - 🇸🇻 El Salvador Rebuilds using #Bitcoin over the IMF.
Step 2 - #BTC Proof-Of-Work allows everybody to peacefully exit Fiat Currency Proof-of-Weapons.
Step 3 - Your country Rebuilds with #Bitcoin
There will only ever be 21 million of them.
Don’t get left behind!