Legacy finance & political elites often overlook bitcoin due to the decades-long detachment from hard assets. Yet, the unchecked abuses of the dollar system are turning the tide, revealing bitcoin not as a mere trend, but a pristine lifeboat for navigating turbulent monetary seas.
Catch the latest episode of The Last Trade with @BrickyardVC co-founder @camdoody 👇
https://t.co/J3vSS11y8j
Other platform links 👇
YouTube: https://t.co/iQpvjX6Tq5
Spotify: https://t.co/9gYxAxNy9w
Apple podcasts: https://t.co/0vOhRucj5b
#Bitcoin won't surge to $100k before the next halving...
Because the Efficient Market Hypothesis (EMH) is wrong.
Instead, the market will price-in the changed reality over the 12-18 months post-halving.
Private equity giant David Rubenstein makes the case for Bitcoin.
Asset management leader BlackRock’s interest in a spot bitcoin ETF is among the signals that the cryptocurrency isn’t going anywhere, said the Carlyle Group co-founder.
If you work hard for money, you want that money to work hard for you.
The dollar works against you.
#Bitcoin is for Old Souls who want to work hard, save, and see their savings grow in purchasing power over time.
This is not me on Instagram. Some scammer is curating my Twitter content & trying to cut deals with people.
Any advice on what I should do here? I don't do anything on Instagram so they took my exact Twitter name.
Thanks @fichte42 for bringing to my attention
New episode of The Last Trade, out now! @BrickyardVC co-founder @camdoody joins hosts @MartyBent@Croesus_BTC@MTanguma to discuss his path to bitcoin, the venture capital landscape, Fed policy, inflation, and the nature of money.
Get the full episode here 👇
https://t.co/J3vSS110iL
Other platform links 👇
YouTube: https://t.co/iQpvjX6lAx
Spotify: https://t.co/9gYxAxN0jY
Apple podcasts: https://t.co/0vOhRubLfD
The US is issuing $3.15T in debt just to get through the last 8 months of 2023
Annual US interest expense up ~$400B in the last 18 months, ~$300B in the next 18 months. ($700B)
Context: US Defense budget ($800B)
Soft landing? Or premature celebration?
https://t.co/NspAT3iXNk
One of the core value props of owning bitcoin is the sovereignty it can provide holders over their wealth. But as @BespokeGroupCO founder @mcclintock_m explores in the latest episode of The Last Trade, simply accumulating bitcoin does not guarantee an individual’s sovereignty.
True sovereignty stems from diligently planning for the future and establishing appropriate structures & processes to ensure your wealth will be preserved for generations to come.
Catch the full episode here 👇
https://t.co/3EUyHHGutb
Other platform links 👇
YouTube: https://t.co/ULAAKhq0ZA
Spotify: https://t.co/K04QebVGuo
Apple podcasts: https://t.co/xEVkpnViiO
Compendium of my work:
Each tweet in this thread links to my best #Bitcoin analysis threads, articles, graphics, podcasts, etc.
Hopefully the content here proves valuable to your personal Bitcoin journey, or as you help your friends and family on theirs.
👇👇👇
We are in the midst of a remarkable shift in the mainstream narrative surrounding bitcoin, and specifically bitcoin mining. What was once lambasted as a “currency for criminals” and a wasteful process that was “boiling the oceans,” is increasingly being heralded as perhaps the most “ESG-friendly" investment opportunity that exists today.
The latest piece of evidence in support of this ongoing narrative shift is a research report from “Big Four” audit firm, KPMG, titled “Bitcoin’s role in the ESG imperative.”
https://t.co/04QVbqLBzX
In the report, the authors succinctly summarize many of the arguments bitcoiners have been making for years - in short, Bitcoin has immensely positive implications for the environment and society at large. Before diving into KPMG’s report, it’s worth highlighting some of the prescient work that preceded and likely inspired KPMG’s research:
@C_Bendiksen in March 2021:
https://t.co/2gOJy8GNmt
@galaxyhq in May 2021:
https://t.co/Y893s5IwLj
@LynAldenContact in August 2021:
https://t.co/ytvo5DNUn7
@edstromandrew in February 2022:
https://t.co/KuFH16uoxb
Unsurprisingly, KPMG presents very similar logic throughout their report, describing how bitcoin – contrary to the prevailing narrative – is inherently aligned with each pillar of “ESG”:
Environmental: Bitcoin mining enables the location-agnostic monetization of energy for the first time in human history, allowing us to harness otherwise stranded energy and incentivize the build-out of renewable sources of generation. Moreover, strategically-located miners can help reduce methane emissions or participate in demand response programs to help stabilize grids, as bitcoin mining represents a uniquely flexible industrial load.
Social: Bitcoin's pseudonymous nature has historically raised concerns of illicit activity, yet a 2022 report revealed that illegal use of crypto accounted for merely 0.24% of total transactions. Separately, bitcoin streamlines cross-border remittances, reducing fees and increasing speed. During Ukraine's conflict with Russia, bitcoin helped raise nearly $70 million in short order. In Africa, Bitcoin miners co-locate in microgrids, improving electricity access and affordability. Broadly speaking, bitcoin is an open, permissionless system that promotes financial inclusion in areas lacking banking services, illustrated by Afghan women being paid in bitcoin, facilitating escape from oppressive regimes.
Governance: Bitcoin's key feature is its decentralization, achieved via a vast network running the same software. Transaction data is immutable and verifiable across nodes, ensuring the system's integrity. This process parallels the TCP/IP protocol facilitating global communication. Any changes to Bitcoin’s system rules - including the 21 million coin limit, difficulty adjustment, block size, etc. - would require a different version of Bitcoin, causing a "fork" from the main network.
Considering the reputation of a firm like KPMG, it appears as though we’ve reached a tipping point in terms of market participants waking up to the realities of bitcoin and its implications for our world. This ongoing narrative shift is also a function of certain powerful catalysts such as:
(1) BlackRock and other legacy financial behemoths pivoting from attacking bitcoin from an ESG perspective to embracing the asset and building products to serve increasing client demand
(2) Favorable regulations at the state level (like Texas & Wyoming) that aim to protect the rights of individuals to own, transact in, and mine bitcoin
(3) Growing adoption of bitcoin mining within the oil/gas and renewable energy industries, as they recognize the financial incentives that improve their existing business models
Interestingly, to those paying close attention to the mining industry in recent years (@MartyBent @TheStandardBTC @CathedraBitcoin), this narrative shift may have been more readily apparent. Demand for bitcoin mining – spurred on by the aforementioned economic incentives associated with mining – is directionally reflected by the network’s hash rate, which has been steadily growing since mid-2021, despite the downturn in bitcoin’s price.
Regardless of whether you subscribe to the virtues of the “ESG” framework, the facts on the ground are becoming harder and harder to ignore – bitcoin mining is clearly a net positive for the environment, bitcoin the asset promotes economic freedom and inclusion for the entirety of society, and bitcoin the protocol represents a paradigm-shift in governance structure, as all peers on the network are equal and no trust is required. Bitcoin is as “ESG” as “ESG” gets.
Brilliant summary and articulation of the lessons learnt from the early journeys. People still are their quest to find the next #Bitcoin and this is so on point!🎯
So Listen up, this was already tried by many.
THERE IS NO SECOND BEST !
#Bitcoin ONLY
“What do you want to own? You want to own something that in a decade a person richer than you and smarter than you will want to buy from you.” -@saylor on #Bitcoin
Full interview: https://t.co/WcN2glOub5
The more time will pass the more we will see people like @jameslavish@boomer_btc@Croesus_BTC@FossGregfoss.
Very smart and hardworking people who have great knowledge of economics, big experience in the investment manager world, and a career + success prior joining the Bitcoin community.
Meanwhile, the more time will pass, the less intense/important will be the message of cypherpunks and cryptoanarchist in the Bitcoin world
If you only have time to watch one bitcoin podcast & hope to create generational wealth, @saylor ‘s discussion will have to wait🤔🧠🎯
@OnrampBitcoin@MartyBent@Croesus_BTC@MTanguma 💯
E011: Multigenerational Security for Bitcoin with Matt McClintock https://t.co/apiZHUTmMb