๐ฌ๐ผ๐ ๐๐ฎ๐ปโ๐ ๐๐ป๐ผ๐ ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป'๐ ๐ง๐ฟ๐๐ฒ ๐ฉ๐ฎ๐น๐๐ฒโฆ
โฆ๐ฃ๐ฆ๐ค๐ข๐ถ๐ด๐ฆ ๐บ๐ฐ๐ถ ๐ค๐ข๐ฏโ๐ต ๐ค๐ฐ๐ฎ๐ฑ๐ณ๐ฆ๐ฉ๐ฆ๐ฏ๐ฅ ๐ช๐ฏ๐ง๐ช๐ฏ๐ช๐ต๐บ
#Bitcoin is on its way to becoming the global reserve currency, and one of the best convincing arguments for this is "The Bullish Case for Bitcoin", by Vijay Boyapati.
Find my list of insights below๐
๐๐ป๐๐ถ๐ด๐ต๐ #๐ญ: ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ถ๐ ๐๐ฒ๐๐
Bitcoin's absolute scarcity gives users confidence that their piece of the total supply will never be diluted. Bitcoin has all the desirable attributes of sound money, so it has quickly become the best store of value in the world.๐
๐๐ป๐๐ถ๐ด๐ต๐ #๐ฎ: ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป'๐ ๐๐น๐๐๐ต๐ฒ๐ฒ๐น ๐๐ณ๐ณ๐ฒ๐ฐ๐
The market overwhelmingly favors Bitcoin over any other cryptocurrency or asset class. Its network is secured by more work than anything else, and this security attracts wave after wave of investors. This in turn drives exponential growth, both of price and security, in a virtuous cycle.๐
๐๐ป๐๐ถ๐ด๐ต๐ #๐ฏ: ๐จ๐ป๐๐๐ผ๐ฝ๐ฝ๐ฎ๐ฏ๐น๐ฒ ๐๐ฟ๐ผ๐๐๐ต
Nations will eventually adopt Bitcoin as a reserve asset, as their leaders recognize that bitcoin canโt be defeated, and is superior to anything else they could own. This will bring rapid adoption, and require additional layers like the Lightning Network in order to scale, while the base layer will continue to be used for large settlements.โก๏ธ
๐๐ป๐๐ถ๐ด๐ต๐ #๐ฐ: ๐ง๐ต๐ฒ ๐๐ถ๐ด๐ต๐๐ฎ๐ ๐๐ผ ๐๐๐ฝ๐ฒ๐ฟ๐ฏ๐ถ๐๐ฐ๐ผ๐ถ๐ป๐ถ๐๐ฎ๐๐ถ๐ผ๐ป
The only advantage that gold has over Bitcoin is its established history, but ๐๐ต๐ฎ๐ ๐ฎ๐ฑ๐๐ฎ๐ป๐๐ฎ๐ด๐ฒ ๐ถ๐ ๐ณ๐ฎ๐ฑ๐ถ๐ป๐ด ๐ฏ๐ ๐๐ต๐ฒ ๐ฑ๐ฎ๐. The Lindy Effect means that Bitcoinโs future life expectancy increases the longer it survives in the present, so more people are waking up to the fact that ๐ต๐๐ฝ๐ฒ๐ฟ๐ฏ๐ถ๐๐ฐ๐ผ๐ถ๐ป๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ถ๐ ๐ผ๐ป๐น๐ ๐ฎ ๐บ๐ฎ๐๐๐ฒ๐ฟ ๐ผ๐ณ ๐๐ถ๐บ๐ฒ.โฐ
๐๐ป๐๐ถ๐ด๐ต๐ #๐ฑ: ๐ง๐ต๐ฒ ๐จ๐ป๐ฎ๐น๐๐ฒ๐ฟ๐ฎ๐ฏ๐น๐ฒ ๐๐๐๐บ๐บ๐ฒ๐๐ฟ๐ถ๐ฐ ๐๐ฒ๐
๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ถ๐ ๐ถ๐ป๐ฐ๐ผ๐ฟ๐ฟ๐๐ฝ๐๐ถ๐ฏ๐น๐ฒ, and all efforts to change its protocol without the usersโ consent have failed. Very few understand what that implies, making Bitcoin one of the most asymmetric investment opportunities ever. Its destiny as the future global monetary base means that ๐๐ถ๐๐ฐ๐ผ๐ถ๐ปโ๐ ๐๐ฝ๐๐ถ๐ฑ๐ฒ ๐ถ๐ ๐๐ฟ๐๐น๐ ๐๐ป๐น๐ถ๐บ๐ถ๐๐ฒ๐ฑ.๐
"The Bullish Case for Bitcoin" argues that Bitcoin is fundamentally changing money, and permanently reshaping the geopolitical landscape.
If you havenโt read this book yet, ๐บ๐ฐ๐ถโ๐ณ๐ฆ ๐ฏ๐ฐ๐ต ๐ฃ๐ถ๐ญ๐ญ๐ช๐ด๐ฉ ๐ฆ๐ฏ๐ฐ๐ถ๐จ๐ฉ.
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