Bitcoin has erased all gains on 1d 1w 1m 1y and is only 10% up on a 5y chart.
So, no, it's not a store of value, there is 0 value to store, it's a casino, absolutely not eligible for any serious long-term investments or analytics.
Yes, it did have astonishing growth since inception, but back then no one knew about Bitcoin. Anything before 2017 is really a market discovery phase, which you can't and shouldn't compare to any other investment tool.
Now - the spicy question, can it pump again - and good news - certainly. Bitcoin can and probably will pump again, even casino gamblers win from time to time - that win is what keeps them casino slaves in the first place.
The good thing that Bitcoin did do is open the gates for digital currencies, tokenization and blockchain ledger technologies - that might serve well, but even if all big banks ran on blockchain, that would not add any additional premium to Bitcoin or other crypto - and that's something that's worth remembering.
One can put an insane amount of energy into growing their wealth and still end up broke.
Being broke is bad, but being stupid is really bad. And what's really, really bad is being broke and stupid.
Don’t be stupid - learn from the best.
@theopenworld_us
3 Laws of Wealth Building That Come Directly from the Bible
1. The Law of Use.
Whatever you don't use, you lose. If you don't use "today," it's gone. If you don't use your talent, you lose it. Unused ambition declines. Unused vitality fades. Unused energy drains away. Unused passion cools. Unused faith shrinks. Unused money loses value. (Matthew 25:14–30)
2. The Law of Sowing and Reaping.
Whatever you reap is what you have sown. Sow nothing, and you reap nothing. Sow little, and you reap little. Sow generously, and you reap generously. Effort sown returns as skill. Discipline sown returns as freedom. Kindness sown returns as trust. Money sown wisely returns multiplied. The harvest always comes after the planting, never before. (Galatians 6:7; 2 Corinthians 9:6)
3. The Law of the Source.
The power to get wealth comes from God. Your talent is given. Your strength is given. Your ideas are given. Your time is given. Forget the Source, and pride grows. Remember the Source, and gratitude grows. Wealth held with pride is lost. Wealth held with gratitude multiplies. (Deuteronomy 8:18)
The reason you fail miserably at building wealth is that you don't know its core stages.
There are 3 stages of wealth building:
1) Cash Flow Generation
2) Investment
3) Wealth Maintenance
If you fail at even one of them, you are done.
Doesn't matter what your salary is. I have seen brokies making $500k or more per year, and I have seen millionaires who started with salaries of $25k per year or less and made it fast.
That's why I am building 2 projects: @theopenworld_us for those who still need help at stages 1 and 2, and @QuantumVentUS for those who are at stage 2 and, most importantly, at stage 3 - the most complicated and tricky one.
My friends,
Through my work with the exceptional team at https://t.co/At6jZEyyhI, I’m dedicating this account to Quantum Ventures, the investment branch of Quanta Tech Systems.
This is an opportunity to become part of something larger: a serious community built around real people, real business and meaningful opportunities.
With Quantum Ventures, we will learn, connect and grow as investors. Expect useful insight, sharp conversations and access to ideas worth paying attention to.
I have seen firsthand the scale of what this team is building. The path ahead is fascinating.
Welcome to Quantum Ventures!!
Regarding New York City, I can literally guarantee - the first mayor/governor that will actually fix this and make the city's subway safe and comfortable will stay in power until the end of their days.
@NYCMayor@GovKathyHochul a major opportunity to actually fix something!
I don't even want to compare that to the subway in China - just look at the subway in Spain. If they can do it, how come the supposedly richest city on earth can't?!
Almost $900,000,000,000 has been added to US stocks within just 10 minutes of the market open.
With Democrats taking power, more stability is coming back to United States politics.
And frankly, the Democrats of 2026 are not the Democrats of 2024 - I can see many very sane people who are ready to cooperate.
This was no surprise to me at all - I even won a few juicy bets on this one.
If this was surprising to you - definitely follow me at @vasylzahorodnyk and learn how this analysis is done!
Some people think I am anti-crypto.
I am not anti-crypto by default, but you have to be fairly concerned about the level of gamble you participate in when engaging with anything crypto-related, same as about the very limited number of use cases crypto can bring value to.
There is this cute idea that crypto somehow prevents governments from stealing money. It doesn't.
In terms of banking, crypto is actually a step behind, not ahead.
Here is why. If you store your Bitcoin in a CEX, it is just the same banking system without any realistic benefits from "decentralization".
Now, where it gets really bad is self-custody, essentially you keep your money under the mattress or carry it with you. And there is a very particular reason why people are not doing that, not because evil banks make you put your money in storage; the main reason is theft and robbery.
The very reason why Europe's first international banking system was created was because pilgrims in the 1150s, while going from Europe to Jerusalem, were constantly robbed, so they left money in Europe with the Templars and received letters of credit which they used to get cash from the Templars in Jerusalem.
Why am I saying this? You can't carry your money around in large quantities nor store it at home en masse; it will end up in kidnappings and home invasions, and we have like 1M proofs of that.
And if you don't store money in self-custody, it's the same CEX/bank institution, which is basically what we have now.
Even in the extremely liberal state of California, people don't want more tax on billionaires.
Everyone just knows that all that additional tax will be stolen. It is as simple as that.
Recently in Paraguay major bank has collapsed due to corruption and millions of people lost their money.
Many tech bros are coming out with “that’s exactly why we need Bitcoin” narrative.
But Bitcoin is actually a step behind, not ahead.
Here is why.
If you store your Bitcoin in a CEX, it is just the same banking system, which comes down to integrity and regulations.
Now, where it gets really bad is self-custody, essentially you keep your money under the mattress or carry it with you just in digital format.
And there is a very particular reason why people are not doing that, not because evil banks make you put your money in storage; the main reason is theft and robbery.
The very reason why Europe’s first international banking system was created was because pilgrims in the 1150s, while going from Europe to Jerusalem, were constantly robbed, so they left money in Europe with the Templars and received letters of credit which they used to get cash from the Templars in Jerusalem.
Why am I saying this? You can’t carry your money around in large quantities nor store it at home en masse; it will end up in kidnappings and home invasions, and we have like 1M proofs of that through all of our civilisation and modern times.
And if you don’t store money in self-custody, it’s the same CEX/bank institution, which is basically what we have now.
To avoid corruption, societies need to grow institutions empowered by technology and law not technology empowered by institutions.
P.S. It clearly is fun to see how they drag those corrupt politicians!
The big problem in American politics is that voters expect the government to solve their problems.
This country was founded on the principle that the people should be left alone to solve their own problems.
When government is empowered to solve problems, it creates them instead.
The Orange Autocracy has ended.
Americans have clearly voted for change.
Some people are overjoyed, while others are clearly disappointed or even scared.
So what does this actually mean?
1) Democracy as a decisive force is still alive in the United States, and that's good.
2) The Democratic Party is now full of new people with enthusiasm in their eyes, which in itself is positive and promising.
3) We already see signs that today's Democrats are not the Democrats of 2020 and that they have clearly learned from their mistakes.
For example: the governor-elect of Texas, Gina Hinojosa, said just a few hours ago that she is not going to go after data centers in Texas, and Talarico is ready to work with Elon Musk and against open borders.
And while there are many positive signs, major red flags remain:
1. The budget is still far from balanced, and there is nearly zero chance either party will cut spending, meaning the affordability crisis will only get worse: prices rise in part because government spending keeps outrunning tax revenue. We pay the difference through inflation. Higher prices are a tax to finance spending. And that tax will keep rising.
2. With a Democratic Congress and a Republican White House, most major legislation will stall or require massive negotiations and painful compromises.
3. Far-left ideology is still on the table. However centrist some Democrats may seem, the radical ideology that many voters rejected in 2024 can very easily resurface.
4. Neither party has a convincing record on transparency (the Epstein files) or on securing peace while facing serious threats such as Russia and China.
While there is an overall feeling of positivity, I would be cautious about any kind of optimism: the world is in bad shape, and the challenges are only going to increase.
After years of building tech infrastructures and delivering for over 500 clients, Quanta Tech Systems is growing into a technology ecosystem.
Our job is simple: turn opportunities into products and create long-lasting value.
After an enormous ongoing restructuring, Quanta Tech Systems will be divided into 5 divisions that will build in the fields of AI, Security, Education, Entertainment and Venture Investments.
Happy to share the full story, covered by Science Times:
https://t.co/wf7MGaBmCS