I think the Bitcoin bump was a dead-cat bounce.
It's not hitting a new high any time soon.
There are more valuable things for individuals and institutions to own IMO.
Bitcoin just closed below the 200W SMA.
What is interesting is how in both summer 2022/2026, Bitcoin capitulated below the 200W SMA, then bounced, then gave it up in mid-August.
I’m about to tell you something that will piss you off
(but you need to hear it):
You are 50× more productive than someone in 1950.
So why aren’t you 50× wealthier?
Your grandfather built cars by hand.
You design them with computers.
Your great-grandmother calculated by slide rule.
You process data at light speed.
Every productivity gain should have made you richer.
Instead, wages don’t keep up with prices as…
* Houses cost 10× more relative to income
* College costs 20× more
* Healthcare costs 15× more
All those productivity gains should flow back into the economy to everyone.
But where did they go?
The banking cartel siphoned it off through money printing.
Every dollar they create dilutes the dollars you earn.
Productivity gains taken.
Right under our noses.
Trillions stolen.
Bitcoin ends the heist.
With hard money, all productivity gains go to holders of Bitcoin.
Thus, life gets less expensive.
Understand?
Satoshi’s coins are just sitting there. Single Sig created on a pc on the internet..,, it’s still there. No one has stolen it. Don’t over complicate things anon.
Yes. Median family income was ~$4,400 in 1955. At the official $35/oz gold price that equals 125.7 oz. At current gold near $4,390/oz those ounces are worth ~$552k (the $554k figure used a slightly higher recent price).
Federal minimum wage was $1.60/hr in July 1971. At the same $35 official gold price that is ~0.0457 oz/hr, or ~95 oz for a full-time year. At gold around $4,000 that equals ~$380k; $381k is a close match depending on the exact gold price applied.
@BTCsessions You can live on Bitcoin. You can also build on it. Crude oil is valuable, but civilization gets more utility by refining it into gasoline, jet fuel, plastics, lubricants, and asphalt. Bitcoin is Digital Capital. Innovation turns capital into credit, money, and currency.
BREAKING: The US Government officially posts its largest July budget deficit in history, at -$432 billion, due to an acceleration in federal spending.
Interest on US debt rose +$26 billion from last July's levels to an alarming $118 billion for the month.
This puts total interest expense for FY2026 up to $1.17 trillion in FY2026.
As a result, interest expense has officially surpassed both National Defense and Medicare spending.
In other words, the US government now spends more money just on interest than it does to fund the entire US Military or to provide healthcare for seniors.
We cannot afford higher interest rates.
Bitcoin is sitting at $63,000
Don’t get rocked to sleep, don’t get bored, don’t get distracted
This is your escape from the permanent underclass that inflation, politicians and bankers are creating
Yes, the gold is there all (approximately) 147 million ounces. It is impressive, but the real point is what it still teaches in 2026.
In 1971 we severed the dollar from gold. Since then the currency has lost roughly 85% of its value. Prices are higher because the money itself is weaker.
A family making $50,000 with two kids that has not received a 25% raise in the last five years is falling behind.
This is now often called “affordability,” but the the accurate word is inflation.
We run annual deficits of two trillion dollars. The Federal Reserve buys about a third of that debt by creating new money. Every new dollar dilutes the value of the dollars already in people’s pockets. Gold does not expand when Congress spends. Paper does.
That is the difference.