@Samwise_Ganji Fiat is a sham, the banking class is corrupt, decentralized digital currency and the blockchain are the inevitable future, and the incumbents will fight it to the death.
Good evening.
I’m getting a lot of questions about whether my conviction has been impaired or my thesis has changed about Bitcoin with its recent price weakness. The answer is an emphatic no. Why? Because I like to keep it simple and focus on first principles. While other assets are enjoying the warmth of the hot ball of money, Bitcoin will simply continue to reflect the debasement of all government sponsored currencies over the long run. Nothing more. Nothing less. Hope this helps.
Have a great night.
Once the pool is filled up and it’s clear to everyone that it (1) reflects much better, (2) is much cleaner, and (3) is not the color of a swimming pool, everyone who was mad about this is going to pivot to saying they now hate it because there’s no difference. Calling it now.
Equity markets at all time highs with the highest degree of concentration in a few stocks ever
Bitcoin is down 50% from all time highs and precisely zero of it's fundamentals have changed
It's so obvious
If you don't take this trade you are not a contrarian
You're the heard
@JoshMandell6 and @AdamBLiv are spot on. It’s not about others losing. It’s about $BTC winning.
Bitcoin is for everyone. This includes treasury companies, Iran, my children, Blackrock, sovereign nations and any aliens that are interested.
@womenoptionswin A decentralized protocol that represents economic empowerment to 8 billion people regardless of their views…is stupid? https://t.co/gPKOcmE3bb
@GiovanniIncasa What’s your scenario for the house of cards?
Per @BitPaine -
It would take TEN YEARS for dividend-related sales to deplete the Bitcoin they bought YEAR-TO-DATE and over forty years to deplete the treasury. For reference, Bitcoin was trading at $600 ten years ago.