ceo of bitwise
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of ceo bitwise
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π π―
Makes sense except there will always be 21m bitcoin and 21m bitcoin will always be enough.
Pretty dumb take. Ppl will always buy and sell. 150k isn't some magic level that changes basic market dynamics.
Hyperbitcoinzation will empty ALL sell offerbooks everywhere. Bitcoin Is the Great Definancialization. Read the Aritcle by nostr:nprofile1qqs8dzjwlrgdzltmgmmzg50l3jpr3hxv357hj03rjut5jsfm5ugtv9gpzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtc4f3s8e:
See the full Gradually, then Suddenly series written by nostr:nprofile1qqs8dzjwlrgdzltmgmmzg50l3jpr3hxv357hj03rjut5jsfm5ugtv9gpzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtc4f3s8e:
h/t nostr:nprofile1qqsfrjd9ux5hgsg5cmlz6cdwfh5zv2024g8m2t6g9zqf83l8uqm0svspp4mhxue69uhkummn9ekx7mqpr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqpzfmhxue69uhkummnw3ezu7nzvshxweczwanqt for onboarding nostr:nprofile1qqs8dzjwlrgdzltmgmmzg50l3jpr3hxv357hj03rjut5jsfm5ugtv9gpzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtc4f3s8e to nostr. Onwards. π«‘
h/t nostr:nprofile1qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqgcwaehxw309ac8yetdd96k6tnswf5k6ctv9ehx2aqpr9mhxue69uhhxetwv35hgtnwdaekvmrpwfjjucm0d54df670 foe inspiring me summarizing the series on nostr back in 2024. Onwards. π«‘
If no one is selling, no one else can buy.
Thatβs dumb.
I like this tweet
π»β οΈ
Enter.. Paper Bitcoin.
π nostr:nprofile1qqsz7h0qqq7msnkd23y39q6scek8ld37n5pty5xcftuy733797duaugpzamhxue69uhhyetvv9ujuurjd9kkzmpwdejhgtcpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhszynhwden5te0dehhxarjw4jjucm0d5hsu7nsez
Yeah, Strike is basically what I need to stack sats and then use them for liquidity⦠would love lower rates and longer term. But pretty good to go now.
With all due respect, thatβs a stupid take. He could have said the same for any other arbitrary number in a past point in time, and people will probably keep saying so for further arbitrary numbers in the future
Prices exist precisely *because* at least one market participant has sold at that price
My crystal ball says the opposite
No. The increasing ease of borrowing pushes the price up, leading to a belief that it's up only, leading to more borrowing, then when the crash comes the knife is extra sharp from all those forced liquidations?
Governments are trapped in a borrowing spiral, and the thesis is that nothing can stop this train.
nonsense
Stay humble stack sats
So the price is β? Surely someone will sell to bring the market to equilibrium.