This is nothing! You guys remember the day we fell 50% in one day in March 2020? Sats will flow to those who study and understand. #bitcoin is the hardest, most immutable, anti fragile, decentralized money. So thanks for the cheap sats to those jumping ship because 10 year and DXY are ripping
Discussion
mainstream still views it as a no profits tech stock and doesnt realize higher dollar and 10 year rates only exacerbate the fiat crisis. wrong frame of reference from inside the system
Exactly Dave, not sure if it’s this cycle or in the future but eventually #bitcoin will decouple from the tech trade. High yields kills stocks because capital rotates into bonds and hurts cost of capital. Bitcoin is not cash flowing, it’s not a commodity and is not valued on cash flows so should be valued and viewed as an entirely separate asset class. Most people still think bitcoin is an investment but I’d propose it’s the greatest and scarcest money to exist that has an unlimited numerator. They’re trying to fit a square peg in a round whole
they dont yet understand the truly profound implications for humanity of what nostr: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 describes as our first and only " open decentralized secure protocol bounded by energy without counterparty risk". i sympathize with their plight and how difficult it is to see the extraction system for what it is