Pack it up boys the influencers on Twitter say bitcoin has peaked because Peter Thiel says we hit the ceiling. /s
Lmao like are you shitting me do you really not understand anything happening with our financial system. We peaked? Fiat is fixed? We have totally sustainable debt we’re going to fix with….. with… what? Monetary debasement. That’s what.
Only thing he nailed is that Bitcoin privacy really needs work. I can sympathize on why he seems down on it because early Bitcoin was exciting filled with promise of a real peer to peer revolution. Sadly stuff likes etfs and privacy tools being shut down hasn't been that promising. Hopefully decentralized privacy tools are coming to Bitcoin. If government can track 90% of Bitcoin users are you really winning? His price call probably is wrong however he could be right in the short term if the world goes into a recession which is looking likely in the next 6-12 months. Then the response by central banks will make us see new highs eventually. The miners are going through a capitulation right now as well highest selling since the bear market bottom. We will win!
The privacy part can and will be improved. Open source programmable money has no gatekeepers or limitations on creative 2nd and 3rd layers.
There are fewer and fewer smart people left on Twitter, so I'm not surprised by their dumb takes😁
I still doomscroll through Twitter ocassionally and yea, it hasn't got any better
which means we've actually hit a bottom
