“When I look at a door lock 🔐, as a historian, I don’t like it. It’s based on the idea that we should not trust strangers to come into our house. It’s a technology of distrust.”
#Bitcoin is simple.
It's a finite asset that anyone can hold without worrying about a central bank creating more of it.
You can also hold it without worrying about your bank going under because central banks jacked up interest rates.
Unlike the ECB, it has a completely predictable and simple monetary policy.
21 million coins total.
New coin issuance halves every four years.
It's not a currency like the digital euro.
It's a way to store value.
And it's far superior to any store of value humans have had thus far.
It has consistently outperformed every other major asset class that people might try to save in (homes, gold, bonds, equities, etc.)
People who choose to save in Bitcoin have drastically increased their purchasing power every 4 years.
The only reason the central bankers don't like it is because it exposes just how much they have been stealing our purchasing power by debasing our currencies.
In a single day, the US added more than half of #Bitcoin’s entire market cap in debt. That’s something like 10 million @BTC. And yet there are still people that are unsure if $27k is a good price to buy.
Watch Yellen make things worse by essentially confirm this is now the new model of banking in the country.
The banking system now effectively has two tiers:
Tier 1: The “too big to fail” banks (JP Morgan Chase, Citi, Wells Fargo, BofA)
Tier 2: All other banks
If you have money in tier 1, you’re a depositor.
If you have money in tier 2, above the FDIC guarantee maximum of $250k (which is the majority of deposits as many of them are businesses), you’re an unsecured creditor.
🇺🇸 Pro-#Bitcoin US Congressman: The Biden Admin's CBDC would be a "significant threat to Americans' privacy and security."
"That's why I introduced legislation to prevent" it. 👏
₿𝗥𝗘𝗔𝗞𝗜𝗡𝗚: Wyoming passes bill protecting #bitcoin users.
The new "HB0086 Disclosure of private cryptographic keys" legislation states, “No person shall be compelled to produce a private key or make a private key known to any other person"
https://t.co/oMyGGbDynw