Thought leader @michael_saylor correct: Fiat debasement is history’s greatest heist - of people’s time and effort. The true “Flippening” will be consensus converging on #bitcoin as a foundational reserve asset last in the liquidation preference stack in a risk-off market.
@zerohedge True.
That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy.
Congress is drafting the Senate reconciliation bill now, and a narrowly tailored Bitcoin de minimis tax exemption hangs in the balance. Please take five minutes today to call or email your elected officials—especially Senator Mike Crapo (R-ID), the leading Republican on the Senate Finance Committee—to urge them to back this commonsense fix.
Be courteous, concise, and emphasize how the exemption will cut red tape for everyday Bitcoin users and strengthen U.S. innovation.
Suggested Talk Track
“We are calling/writing to express support for the introduction of a Bitcoin tax amendment to the Senate reconciliation bill. While every provision within the package is critical to providing clarity to taxpayers and businesses—helping facilitate tax compliance and providing certainty for Bitcoin innovation in the U.S.—specifically, the de minimis exemption to exclude small gains and losses is a priority for us.
Taxpayers who use Bitcoin as a medium of exchange are currently required to calculate and report capital gains or losses for minor purchases. Because they may engage in numerous transactions every week, this reporting at tax time is prohibitively burdensome and confusing. A de minimis exemption would reduce this burden, promoting fair compliance and everyday adoption.”
Hey @elonmusk, now that Trump launched the Strategic Bitcoin Reserve there is a very patriotic act you could undertake which would also boost the value of TSLA stock
You could raise a convertible note to buy $20bn in Bitcoin
@nickmartitsch@masonmarcobello You primarily need to serve the user an identity, then attach anchors to the identity in the bits realm to keep them there. From atoms to bits. ENS is so underrated.
@Jkylebass Bitcoin is the currency of freedom , a hedge against inflation for middle class Americans,a remedy against the dollar’s downgrade from the world’s reserve currency, and the offramp from a ruinous national debt. Bitcoin will have no stronger advocate than Howard Lutnik.
NOT PRICED IN: Bitcoin miners will mine at "equivalent bitcoin price" of more than 100% of spot etc price this year, sustained (i.e. fees will be +100% of current coinable reward)
$CLSK $BITF $IREN #Bitcoin#btc
Bitcoin is a five sigma asset, it is not anywhere near full adoption and "steady state", we WILL be caught offside by MAJOR news which will lead to OMEGA candles.
#btc#Bitcoin