That is my thought too. Perhaps all those assets are in a bubble, however I have no idea how much because the currency isnāt such a bubble it dwarves everything else.
Real estate is not in a bubble.
Stocks are not in a bubble.
Gold is not in a bubble.
#Bitcoin is not a bubble.
The currency we price said assets in is the bubble.
When the currency bubble begins to unwind, we misdirect toward asset prices and excuse new stimulus to keep it up.
Do you think this is a reasonable conclusion?
A flood is coming to the neighborhood.
You're "diversified" in it with multiple houses.
Flood insurance trading at $0.0025 on the dollar.
The only way to buy this insurance, however, is to smash the dam with a hammer.
99% of the town owns zero insurance.
See the problem yet?
#Bitcoin
All it took for #Bitcoin to trade up to $69,000 USD was a couple million hardcore holders that refused to sell their 90% of supply.
What happens when there are 500 million hardcore holders that refuse to sell the next 9%?
What about the last 4.5 billion over the last 1%?
Food for thought.
I didnāt even hear of it until a few weeks ago.
What do you expect the next few months to hold?
Nostr is interesting.
Has a way to go, but everyone is so nice here and the zaps is such a neat feature. I like it so far
Happy Nostr-ing and happy zapping!
Governments will own #BitcoinĀ out of self interest, and mine it (or at least have regulations friendly to mining) out of self interest.
The government's self interest is its goal of survival.
Itās inevitable, in my view, that every government becomes a Bitcoin-acquisition state for the service of their citizens.
I used to own altcoins.
Now, they are obvious securities. Their best case is still 100x smaller than Bitcoin.
Thatās assuming they arenāt all scamsā¦
Itās clear. BTC only for me.
The entire reason we diversify is because we donāt have thermodynamically sound money.
The entire reason we breed large animals for transport is because we donāt have a mass transit system.
The entire reason we kill whales for oil is because we donāt have mechanical luminosity.
#[1]ā #[2]ā #[3]ā #[4]ā #[5]ā #[6]ā #[7]ā #[8]ā thought youād like this oneā¦
Facts:
There are 155,238 gallons of water on earth per satoshi.
There are 6,985,714 gallons of water in the solar system per satoshi.
There are 698,571,400,000,000 gallons of water in the solar system per #Bitcoin.
That's 1.06 billion olympic swimming pools per Bitcoin, or 10.6 pools per satoshi.
Currently, you can buy 0.00000001 gallons of water for one satoshi.
If you like it when I spit facts on Nostr (and not yet Twitter), feel free to spit me some sats. šš§”
Looking to dive into the ādeep endā of Nostr.
Iām not discouraged! Just exploring and seeing how this works, quite the learning curve.
People expect low risk to mean low volatility, however bitcoin is low risk and yet it is highly volatile.
What, what if #BitcoinĀ is not a symptom of the increasing speculation of an increasingly corrupted ledger?
What if Bitcoin is actually the solution & itās doing exactly the opposite of what you would expect the worldās lowest risk asset to do?
Really?
Iād love to talk. Can you DM me? Havenāt used DMs yet
Markets feel increasingly disconnected from reality because the ledger at which you price those assets in is increasingly detached with reality, math, and the law of conservation of energy.
The problem and disparity isnāt in the asset, itās the currency.
Wake up.
#Bitcoin