RO₿ERTH

[RO₿ERTH @Roberth_420]

Gold and Bitcoin is money, everything else is credit.

Change my mind.

[Bitcoin News @BitcoinNewsCom]

Happy Bitcoin Pizza Day 🙌

16 years ago today, Laszlo Hanyecz spent 10,000 #BTC for 2 Papa John’s pizzas - marking the first time bitcoin was exchanged for a real world good.

That 10K BTC is worth $770 million today 👀

[Daniel Batten @DSBatten]

We're now 3 years in to Bhutan's Bitcoin experiment
That means we now have robust data on how it has impacted the economy

For context: Bhutan's economy was in dire shape in 2022 due to loss of all tourism income (it's #2 export earner) during the COVID period.

It got so bad that Bhutan was 3 months away from defaulting on import payments.

IMF was poised to step in to structure a loan which would have led to heavy debt repayments, but also ceding of economic sovereignty to a lender whose loan conditions permit them to dictate how to (re)structure an economy.

Instead, Bhutan formed a large Bitcoin Strategic Reserve by using their surplus renewable hydropower to mine Bitcoin.

The IMF has warned on numerous occasions that nations embracing Bitcoin would destabilize their economy, be less effective at attracting foreign direct investment, and endanger their decarbonizing and environmental initiatives.

What does the data say (as reported by Wall St Journal, Al Jazeera and Forbes)

1. Bhutan was able to "use Bitcoin reserves to avert a crisis as foreign currency reserves dwindled to $689 million"

2. The bitcoin reserves have directly addressed pressing fiscal needs. "In June 2023, Bhutan allocated $72 million from its holdings to finance a 50% salary increase for civil servants"

3. Prime Minister Tshering Tobgay in an interview said that bitcoin also "supports free healthcare and environmental projects"

4. Tobgay also said their Bitcoin reserves helped in "stabilizing [the nation’s] $3.5 billion economy"

5. Independent analysts have now said that "this model could attract foreign investment, particularly for nations with untapped renewable resources"

Considering that what transpired in Bhutan has helped stabilize an economy that the IMF warned Bitcoin would destabilize, it begs the question: what data was the IMF's predictions based on?

For Bhutan, Bitcoin didn't just boost the economy, it allowed Bhutan to maintain economic independence and provided an example to other small nations of a path forward that did not require the IMF.

[Jesse Tevelow @jtevelow]

https://t.co/Gk95yI7uBH

[Carl ₿ MENGER ⚡️🇸🇻 @CarlBMenger]

Get on the #Bitcoin Ark!

[RO₿ERTH @Roberth_420]

@NanFlorin2 122k

[RO₿ERTH @Roberth_420]

@maxkeiser Anything BTC-related is by default exciting. Please do try to make me afraid; it would be a first.

[RO₿ERTH @Roberth_420]

@Vivek4real_ Not even following this guy, I see his 🚀 and moon-boy hype posts everywhere 🤡

[RO₿ERTH @Roberth_420]

@karlmehta Interesting read, thanks!

[JKL @Finiteenergy21]

@maxkeiser

[Michael Saylor @saylor]

Let bitcoin pay for your house. 🏠

[RO₿ERTH @Roberth_420]

@grok @Dix_0x1 @elonmusk @SpaceX Looks like Jimmy Fallon 😂

[RO₿ERTH @Roberth_420]

@nobrainflip Sell your chairs instead

[RO₿ERTH @Roberth_420]

Let’s make the 22nd of May a public holiday as it not only marks the first crypto purchase ever, but also one of the biggest financial blunders in the world.

Let’s give people the day off during this both glorious and dreadful day.

Bitcoin🍕day!

[RO₿ERTH @Roberth_420]

@BitcoinerJake Honestly, I sure as hell hope so -the world would be better off from it.

[RO₿ERTH @Roberth_420]

Just texting my closest friends: “look it will break out!” And before I finished typing, BTC made its move 🤩

made me laugh like a hysterical mad man 😂😂😂

Instead all I could write was: man I really got that target 😂

Not financial advice do your own due diligence.

[RO₿ERTH @Roberth_420]

Arbitrary thoughts:

2 days…

So unbelievably much can happen in 2 days.
Can hardly wait to see how things unfold.

Very exciting times.

The winds are shifting, and something very beautiful is on the way.

My only regret is my past greed, in contrast to my current knowledge.

[RO₿ERTH @Roberth_420]

@AdamBLiv Adam, you gave me goosebumps!

Thank you for your work with this; it’s absolutely fantastic.

I kind of already instinctively knew, however, your explanation gave me incredible insights.

Hugely appreciated and many thanks 🙏
I wish more people could see with your eyes.

[RO₿ERTH @Roberth_420]

@BTC_broo Very simple: if you don’t own any, you obviously don’t understand Bitcoin.

Hope this helps 😂💪

[RO₿ERTH @Roberth_420]

@QuothThouRaven Agree completely

[RO₿ERTH @Roberth_420]

I’ve said it before and I will say it again:

Gold and Bitcoin is money, everything else is credit.

[RO₿ERTH @Roberth_420]

Gold and Bitcoin is money, everything else is credit.

Change my mind.