My latest medium article on #Bitcoin scarcity wouldn’t have been possible without @saifedean’s book 📚 ‘The Bitcoin Standard’ 🙏🏽
https://t.co/OltzmeHVTR
Santi shares his thoughts on Strategy and why its a ticking time bomb:
"As soon as you degrade trust whether you sell 32 Bitcoin or 1,000 it doesn't matter. Now you've sold. Game over"
"Eventually arbitrage strategies blow up. It's just a ticking time bomb on a highly volatile asset"
"To me, I think it goes way below $40,000. I mean this could be going down to $10K" @santiagoroel
This is very important as it will provide massive advantages to some and massive disadvantages to others.
The heat factor in the World Cup will be oh so real!
Advantage: Spain
The big battle over the next 5-10 years will be whether people can create tech and rails better than the institutions.
In the end, the market will choose.
The most expensive teams to see at the World Cup by average ticket price:
🇲🇽 Mexico ($1,848)
🇵🇹 Portugal ($1,391)
🇨🇴 Colombia ($1.298)
🇧🇷 Brazil ($1,250)
🏴 Scotland ($958)
🇦🇷 Argentina ($953)
🇿🇦 South Africa ($934)
🇰🇷 South Korea ($921)
🇪🇸 Spain ($884)
🇺🇸 USA ($857)
via ticketdata
The proposed US-Iran peace deal has a $300 billion reconstruction fund for Iran.
So, we spend $70 billion bombing them to spend $300 billion to rebuild them.
All we have to do now is raise taxes.