My Yearly Macro Analysis of Australia.
I analyse data from the RBA and ABS to try and explain where Australia is and where it could be heading.
https://t.co/mnEQcDXQyI
Jack Mallers: "Thinking you're late to #Bitcoin is a failure of ego. Bitcoin is an ego test."
Stop doubting. Start stacking. Bitcoin over $100K is just the beginning.
Can you feel it? The Bitcoin bull is waking up again.
Bitcoin just made its first higher high on the daily in 6 months.
And now everything is aligned for a fresh run towards six figures a coin.
Many coins have changed hands under $73K.
Everyone who missed their chance to take fiat profits in the last bull run has now done so near the previous all time high.
And now that those coins have found their way into stronger hands, the real fun can begin.
If this run is anything like the last bull markets, the next break out will be explosive.
Bitcoin needs to find the next price level that convinces hodlers to bring their coins to market for price-insensitive buyers like MicroStrategy, Tether, etc.
2021 required a 3.5x from the previous all-time-high.
If we do the same this time, we could be looking at $200K-$300K per coin within the next 12 months.
But before we get carried away with moon math, let's remember a few things:
- Bitcoin is an emerging non-sovereign neutral reserve asset on a path towards $1 million+ per coin. The path will be volatile, and only those who can handle the massive ups AND downs will survive. Keep the big picture in mind and you'll outperform just about everyone.
- Volatility can make you highly emotional. When number is going up, greed will tempt you to look for ways to outperform Bitcoin. Altcoins, memes, high-beta equity plays... Greed is the killer of gratitude. 99% of you will be better off hodling spot Bitcoin and practicing daily gratitude that you understood BTC earlier than 98% of the world.
- Downside volatility will return. When the good times are here, everyone forgets about the bad times. And when the bad times return, everyone forgets about the good times. Stay calm and rational when everyone is losing it and you will outperform.
- Your health is number one. Stay physically active. Eat healthy. Don't overdo the stimulants or alcohol. Get away from the screen. Stay zoomed out. Spend time with your friends and loved ones. I've seen people get physically rekt by the emotions of bull and bear markets. Without your physical health, you have nothing.
And finally, don't confuse the digits on the screen with real wealth.
Real wealth is freedom to do what you want, when you want, with who you want.
It's your health, control over your time, and experiences with the people you love.
A bigger number on the screen gives you easier access to those things...
But if all you do is watch a number go up and down, you'll never be wealthy.
If you hit a number that can materially change your life for the better don't be afraid to lock in some life gains.
BTC is still inflationary for the next 100 years... But your time is deflationary.
At a certain point you need to be life-maxxing.
May this be the bull run that brings you to that point 🫡
@citlayik blink-182 in Australia had an online store for merch, exactly the same for sale as on the night. Needed to line up for Rise Against mercy though 💁♂️
@zerohedge Who actually custodies the Bitcoin though?... It's Coinbase... Have they learnt anything from the Crowdstrike incident?... The majority on that list has a lot if faith in Coinbase 🫠