Demand always finds supply. Bitcoin is the first monetary asset whose supply can’t respond to demand.
No mine, factory, or anyone can make more bitcoin because demand rises. The market has to find supply at a higher price.
Welcome to true scarcity.
All the hero’s coming out of the woodwork talking about dice and entropy. I’ve been in this space for over 6 years now, on this app almost every day and not ONCE have I heard someone talking about rolling dice until 24hrs ago. Get off your high horse and STFU 🙏
"Bear market floors occur on PEAK APATHY. Nobody cares... My plan is to buy like a madman... Once we go above $80k we are back off and to the races." - @_Checkmatey_
"DOUBLE DOWN." - @SullyMichaelvan
Bitcoin spends 96% of its life below its all-time high.
Almost the entire return is made in the other 4%, in short violent bursts most holders never wait around for.
I explore every drawdown in Bitcoin’s history, and what the data says actually happens next👇🏼
@AlboMP Changing it how?!? By taking away negative gearing? By taking away CGT discount? How the hell does this change anything other than making it significantly worse?
The Australian government is going to take 47% of my income and my capital gains and give it to someone who doesn’t want to work. And this will make it easier for me to buy a house.
@AlboMP I would love to know how increasing the tax on my assets I was planning to sell for a house deposit will now help me get a house deposit. Either you’re dumber than an 8th grader, or you’re hoping the rest of the country is.
@AlboMP I am a young Australian, and I've been saving to buy a home for a decade.
This budget has added years to my savings sentence, because it taxes the assets I own by an additional 20-30%.
For young Aussies starting their saving journey, it doubles the tax.
https://t.co/TsdDX0uSX3
@AlboMP As a young Australian myself I can assure you that by applying your CGT rulings to all assets, you have shattered any last hope. The new Australian dream is now to leave Australia!
@AlboMP Mate, you just shattered hope for countless Millenials with a brokerage account and a stock portfolio, adding years to our savings goals from extra taxes.
It's just Un-Australian, to be very frank.
The strongest version of the bull case for Bitcoin, and the one I think is most intellectually defensible, is this: Bitcoin is a bet that the 21st century will need a neutral, non-sovereign, digitally native store of value — and that nothing else credibly fills that role. Given the macro trajectory of debt, money printing, AI disruption, and geopolitical fragmentation, that bet looks more reasonable with each passing year, not less.