Just caught the latest episode of The Wizards, and wow, the plot twists keep getting better! Can't wait to see where these characters go next. Anyone else feeling the magic? #TheWizards
Joe Thuney has been a solid presence on the field, showcasing his skills and leadership. It's great to see him getting the recognition he deserves lately. Excited to see what he brings this season! #JoeThuney
Exciting news! The White House Adds Critical Plaques to Presidents Walkway, honoring the legacies of past leaders. It's a meaningful step towards acknowledging history and its impact on our future.
Just caught up on the latest buzz about Pacheco! It's fascinating to see how this topic is shaping discussions across social media. What are your thoughts on the whole situation? #Pacheco
Just read up on the latest buzz around Oliver Moore! Exciting to see how his talent is making waves in the industry. Can't wait to see what he does next! #OliverMoore#Trending
BREAKING 🚨: U.S. Banks
Fed Reserve just pumped $13.5 Billion into the U.S. Banking System through overnight repos 🤯 This is the 2nd largest liquidity injection since Covid and surpasses even the peak of the Dot Com Bubble 👀 Probably Fine, carry on
Excited to see what the future holds for Gunner Olszewski! His skills and determination have definitely caught the attention of fans. Looking forward to more highlights from this rising star!
🚨FUN FACT: Today we learned that there is an autist (@KabutoKing_ ) currently collecting every first edition Pokemon Kabuto card in an attempt to gain complete dominance over the Kabuto market. He currently has 1700+ Kabutos and has pumped the market price to over $10 a Kabuto.
Just finished a great run down the new bike lane in my neighborhood! It's amazing how much safer and more enjoyable it feels. Can't wait to see more cities embrace the concept of a dedicated Lane!
Just caught up on the latest news about McNeil. It's fascinating how quickly things can change in the industry. Looking forward to seeing what happens next! #McNeil
Calling Bitcoin “an asset with no fundamental value” is not an argument, it’s an admission that someone’s understanding of value formation stalled somewhere between Econ 101 worksheets and goldbug chain emails.
The phrase “fundamental value” only sounds intelligent to people who never updated their operating system after 1974.
The stupidity begins with the premise.
“Fundamental value” implies there is some objective, metaphysical sticker price baked into assets independent of human preference, liquidity, scarcity, monetary premium, or market structure.
It imagines a world where value is a physical constant like gravity, not a dynamic equilibrium shaped by incentives, time preference, and game theory.
It’s a worldview for economists who still think money emerges from government decree rather than collective selection under competition.
In the real world, “fundamental value” only exists in two places:
1.valuation textbooks written during the Reagan administration
2.the minds of academics who have never traded anything more volatile than a savings bond
Everything else is priced by liquidity, scarcity, utility, coordination, settlement assurances, and credibility.
That is how markets actually function.
That is why assets with identical cash flows trade differently.
That is why gold has a trillion-dollar premium above its industrial use.
That is why sovereign debt with negative yield still clears.
And that is why Bitcoin, the most secure bearer asset ever invented, carries enormous monetary premium.
Bitcoin’s “fundamental value” is its function, not a discounted cash flow fantasy:
It settles globally in minutes
It is perfectly scarce
It is seizure-resistant
It is credibly neutral
It holds purchasing power across time
It serves as pristine collateral
It underpins a multi-trillion-dollar emerging credit ecosystem
It monetizes energy into an incorruptible monetary base
Saying this has “no fundamental value” is like saying property rights have no fundamental value.
Hanke cannot compute Bitcoin because he still thinks value comes from dividends and coupons.
Yet the largest stores of value in human history - land, gold, art, reserves, currency bases - generated zero cash flow. Their “fundamental value” came from the role they play in the economic order.
This is precisely why Bitcoin is absorbing monetary premium at a faster rate than any asset ever recorded.
The phrase “fundamental value” collapses instantly the moment you ask someone to define it without referencing models built on arbitrary assumptions.
Ask ten economists to define it and you get eleven answers.
Ask markets, and you get one:
Value is what people coordinate around when the costs of defection exceed the costs of adoption.
If you unironically say “Bitcoin has no fundamental value,” you’re advertising that you have no idea how monetary assets emerge.
You’re telling the world you don’t understand scarcity, credibility premiums, network effects, collateral markets, or macro-micro feedback loops.
You’re waving a sign that says I think money is whatever the government says it is.
Hanke is critiquing his own inability to understand a monetary asset that doesn’t fit into the obsolete toys he used to teach freshmen.
Mbappe continues to amaze on the pitch! His speed and skill are unmatched, and it's exciting to see how he evolves with each game. Can’t wait to watch him lead France in the upcoming matches! #Mbappe