Today, @Square announced that it has purchased $50M in bitcoin. Square believes cryptocurrency is an instrument of economic empowerment and provides a way to participate in a global monetary system, which aligns with the companyโs purpose. For more, visit https://t.co/HPhSMfVgac.
This might be the best gold analog chart i have ever seen. When you overlap the yellow 1970-1980 gold bull market over the green 1999-2020 bull the correlation is unbelievable. The #gold bull market will try to buck you off any chance it gets! Chart from Mike Maloney. $GLD $SLV
Fiat payments are rarely censored, but fiat savings are always diluted.
Dilution-resistance actually has more utility than censorship-resistance in practice, even if it's not as cool to talk about.
Bitcoin has a $200 billion market cap.
Both JPMorgan Chase ($300 billion) and Bank of America ($213 billion) have higher market caps.
I bet I know which financial service reaches $1 trillion first :)