Crypto is built on the principle of being permissionless; it's supposed to be a disruptive force to Tradfi. I believe in this mission. In many ways, Tradfi needs to be disrupted.
This is why I bristled against **TradFi / Boomer Adoption** narrative. Asking permission from Larry Fink, Jay Powell (or Donald Trump) is everything crypto is NOT supposed to be. Thankfully this "asking permission" narrative died in November 2024 (see post below).
The next leg won’t come from more suits blessing $BTC and telling tradfi to buy.
I believe it should come from building systems that replace tradfi, and forcing them to join in or lose.
Stop rationalizing why Boomers are not selling, or will buy again. Get back to building the altenative financial system. Take it away from BlackRock, not waiting for them to bless you.
Do this, and $BTC can go to $1M. Until then, winter will continue.
You can buy one twenty-one millionth of the BTC supply for ~$85,000.
What happens if you remove unit bias from alts to calculate the equiv 1/21 million?
ETH: $9,200
XRP: $5,800
SOL: $3,400
No way these alts are worth that much. #Bitcoin dominance is going so much higher.
@BigCheds@krugermacro This is soooo fucking old cheds. They have shifted away from ESG. Fink himself clarified that. Not worth paying much attention imho.
I read Google's paper about their quantum computer so you don't have to.
They claim to have ran a quantum computation in 5 minutes that would take a normal computer 10^25 years.
But what was that computation? Does it live up to the hype?
I will break it down.🧵