Lots of confusion out there. Let’s keep it simple.
#Bitcoin is:
- Decentralized
- Secure
- Scarce
- Stateless
- Permissionless
- Energy Money
It’s not a tech company.
It has no cash flows and it never will.
It uses a lot of energy to maintain its unique properties (see above), and it always will. This is a feature, not a bug. Don’t apologize for it.
GM.
mornin 🤙
Any thoughts on price since ETF launch? Do you think people getting out of GBTC causing price dip primarily? Interesting change in market dynamics IMO.
It was overbought, especially in the setting of decline global M2 since January 1.
I agree about the run up prior to ETF announcement. A gift for those able to stack cheaper sats. Going back to GBTC flows, they were going to have to reach an equilibrium at some point. It was either going to happen gradually or more all at once. But when the sell pressure clears out...BOOM!
Nice to say in retrospect, did you say the same prior to the price dip?
Based Dr Jeff is best Dr Jeff.
Interestingly, I still that sub 5% of the world actually understand that
Maybe even that is too high...
Let’s keep it simple 🫡
-Freedom Tech
For the energy, despite we found out it’s a great solution to stock financially electricity , it’s the only solution we found now to resolve those properties but it’s not impossible we would find another way one day ?
( I’m not talking about all other prop of xxxx) 🤗
I still find myself regularly thinking "Whooooaaah!" in appreciation of the concept of digital scarcity.
Love this post
