Like clockwork: Russia is banning the export of 100+ grams of physical gold, about $17k USD at current prices. Expect more states to follow, first with bans and then with seizures if the price really soars.
However, they’ll find it harder to do the same to decentralized cryptocurrency.
So if you’re friendly with a state, you can use gold. Otherwise you’ll need crypto.
i choose to believe that the past year of underperformance of bitcoin relative to gold is largely because of old holders with cost basis < $100 cashing out in tandem with four year cycle top timing and ends sometime in 2026, people with near 100% NW in crypto re-allocating as metals break out of decade long consolidation & compression
believe that bitcoin finds its place in portfolios with gold & silver exposure and benefits from large HNWIs & institutions adding small positions, $BTC as digital analog to gold is easier to transport across global borders, easier to transact with, and overall just a better asset in heavily digital world, think $ZEC also continues to benefit from this and trades closer to 1/10th of $BTC's value over next few years
technicals wise don't think it trades beneath last cycle's price peak of ~$69k in 2021 and would be invalidated on bullish outlook if that were to happen on a high timeframe basis, saylor's cost average is currently ~$75k and believe if we traded beneath there it would be a fullscale capitulation into generational buying opportunity, timewise idea would be invalidated if no new all time in 2026 as it would mean from my perspective that the same allocators driving gold's repeated all time highs are not allocating towards $BTC during the same period considering bitcoin is only ~$2T mcap while gold is ~$32T & that $BTC is just risk-on beta in which case it just makes more sense to buy equities building frontier tech, bitcoin's underperformance should be temporary, believe current gap is deep value and accumulating sub $100k will look obvious in hindsight less than a year
🚨 The UK now has the 3rd largest sovereign Bitcoin reserves in the world at $5.5 billion.
Rachel Reeves will probably sell it to pay for ‘carbon capture’ projects and welfare for foreign nationals.
@chooserich For clarity: we purchased an additional $29M of Zcash at @cypherpunk. We plan to own at least 5% of the network.
The world is nearing peak surveillance. This is the least private moment in human history. Betting on Zcash is betting on a return to the norm.
17 years after the white paper, the Bitcoin network is still operational and more resilient than ever. Bitcoin never shuts down.
@SenateDems could learn something from that.
The level of gaslighting from the democrats is insane, they are the ones fanning this narrative of people feeling unsafe because of the government. They do this because THEY thrive off this narrative, if they can convince enough people that Trump is evil, the government hates you and citizens are at risk then maybe they’ll win public support.
Refusing to acknowledge @chamath own experience is evidence of this.
Robert Breedlove explains how the US government printing $6 trillion in 2020 was the equivalent time theft of over 2 million human lives. 🤯
This is still one of best metaphors for inflation that I’ve ever heard in my life.
None of my close friends own Bitcoin.
They mostly all own homes, they buy stocks and like talking about the stock market.
But they think Bitcoin is too risky and speculative.
Soon they will realize that not owning Bitcoin is the bigger risk. We are still early
We all have @binance and @cz_binance to thank for destroying the market last week friday in the largest market Manipulation in the history .
They drove off into the sunset and created a vacum that could not be filled !
Anyone who still have there funds on @binance , @Aster_DEX@HyperliquidX and still trading Perps need to go get there head checked out !
They need be held accountable for this !