Stack Hodler @stackhodlerx - Twitter Profile

about 3 years ago

"The bursting of the Bitcoin bubble" - The Economist, October 2011 People have been calling Bitcoin a bubble since it was worth $30 in 2011. 12 years later it's worth $30,000. If you're still calling it a bubble or a fad, maybe now is the time to ask why you've been wrong so far. Ignore the price for a moment. What is Bitcoin actually? It's the solution to a global problem: How to store wealth long-term without the risk of debasement and seizure. It's is a technological breakthrough. Teslas are engineered to be the best car. iPhones are engineered to be the best mobile device. Bitcoin is engineered to be the best store of wealth. Do you think investing in tech stocks is normal but investing in a technology that addresses one of the biggest problem on earth (storing value) is dumb? 🤔 The majority of people are storing their wealth in assets that leak value to inflation or debasement over time and are liable to seizure by increasingly capricious governments. Sovereign debt, equities, real estate, gold, fine art... They are all imperfect stores of wealth, but they were the best we had until Bitcoin. "But Bitcoin has no intrinsic value!" Here's why Bitcoin is valuable: It's Finite: There are only 21 million coins. There's no central banker who can debase your wealth. It's Divisible: you can buy / sell $0.10 worth, or $10 Billion worth. It Can't Be Seized: It can't be physically taken from you. There are ways to store it so that no external party can take it from you. You have full control over your property. Do you know anything else like that? It's Supply Inelastic: Unlike almost everything else on earth, as the price of Bitcoin rises, there's no way to make more of it. That prevents the price from falling due to a sudden supply glut. It's Portable: You can move anywhere in the world and have access to your Bitcoin without permission. It weighs nothing and you can move across borders without anyone knowing you own it. It's Free From Counter-party Risk: The entire financial system could melt down around you. JP Morgan could go bankrupt. And you could still have your coins without needing to be bailed out by anyone. It's Globally Accessible: Storing wealth is a global problem. And Bitcoin isn't jurisdiction specific. No one gets special treatment - it's a fair protocol available to all. No other asset on earth has these combined characteristics. It had to be invented. #Bitcoin was engineered as the ideal store of value. It has gained more since March 2020 than the S&P500 has gained since the bottom of 2009. It's not just some widget that anonymous people like me are hallucinating over. Now that Blackrock, Fidelity, Deutsche Bank, Crédit Agricole, Citadel, and other large institutions are about to offer it to their clients you can either dig your heels in and say that they're just getting in on the scam, or you can try to understand why 70% of supply hasn't been sold in over a year despite large volatility. Why are Billionaires stacking Bitcoin? Why is famous trader Paul Tudor Jones saying he's "never sat on a horse as long as he's sat on Bitcoin?" Are we all morons? I certainly don't feel like a moron watching investments 10x over a 4 year period. The time to ask questions with an open mind is running out. The institutions are coming. And the fiat wave won't be far behind them. The window of opportunity on the most obvious investment of our generation is closing. You'll still benefit by stacking BTC at $300K a coin. But you'll hate yourself for ignoring this tweet.

stackhodler's tweet photo. "The bursting of the Bitcoin bubble"
- The Economist, October 2011

People have been calling Bitcoin a bubble since it was worth $30 in 2011.

12 years later it's worth $30,000.

If you're still calling it a bubble or a fad, maybe now is the time to ask why you've been wrong so far.

Ignore the price for a moment. What is Bitcoin actually?

It's the solution to a global problem: How to store wealth long-term without the risk of debasement and seizure.

It's is a technological breakthrough.

Teslas are engineered to be the best car.
iPhones are engineered to be the best mobile device.
Bitcoin is engineered to be the best store of wealth.

Do you think investing in tech stocks is normal but investing in a technology that addresses one of the biggest problem on earth (storing value) is dumb? 🤔

The majority of people are storing their wealth in assets that leak value to inflation or debasement over time and are liable to seizure by increasingly capricious governments.

Sovereign debt, equities, real estate, gold, fine art... They are all imperfect stores of wealth, but they were the best we had until Bitcoin.

"But Bitcoin has no intrinsic value!"

Here's why Bitcoin is valuable:

It's Finite: There are only 21 million coins. There's no central banker who can debase your wealth.

It's Divisible: you can buy / sell $0.10 worth, or $10 Billion worth.

It Can't Be Seized: It can't be physically taken from you. There are ways to store it so that no external party can take it from you. You have full control over your property. Do you know anything else like that?

It's Supply Inelastic: Unlike almost everything else on earth, as the price of Bitcoin rises, there's no way to make more of it. That prevents the price from falling due to a sudden supply glut.

It's Portable: You can move anywhere in the world and have access to your Bitcoin without permission. It weighs nothing and you can move across borders without anyone knowing you own it.

It's Free From Counter-party Risk: The entire financial system could melt down around you. JP Morgan could go bankrupt. And you could still have your coins without needing to be bailed out by anyone.

It's Globally Accessible: Storing wealth is a global problem. And Bitcoin isn't jurisdiction specific. No one gets special treatment - it's a fair protocol available to all.

No other asset on earth has these combined characteristics. It had to be invented.

#Bitcoin was engineered as the ideal store of value.

It has gained more since March 2020 than the S&P500 has gained since the bottom of 2009.

It's not just some widget that anonymous people like me are hallucinating over.

Now that Blackrock, Fidelity, Deutsche Bank, Crédit Agricole, Citadel, and other large institutions are about to offer it to their clients you can either dig your heels in and say that they're just getting in on the scam, or you can try to understand why 70% of supply hasn't been sold in over a year despite large volatility.

Why are Billionaires stacking Bitcoin?

Why is famous trader Paul Tudor Jones saying he's "never sat on a horse as long as he's sat on Bitcoin?"

Are we all morons? I certainly don't feel like a moron watching investments 10x over a 4 year period.

The time to ask questions with an open mind is running out. The institutions are coming. And the fiat wave won't be far behind them.

The window of opportunity on the most obvious investment of our generation is closing.

You'll still benefit by stacking BTC at $300K a coin.

But you'll hate yourself for ignoring this tweet.

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