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Random Carnivore Bitcoin keeps me able to afford my carnivore diet.

#IBIT at it again just before close? 👀

Looking at the S&P 500 on a weekly scale...

Or monthly scale...

Seems sustainable right?

/s

Replying to RajatSoniFinance

Why would sovereign nations want to hold US government debt if they know they will be repaid in devalued dollars?

Bitcoin is a much better solution for long-term savings.

Example:

If you hold $100 billion of US debt for 30 years, you'll be paid back in dollars that are worth SIGNIFICANTLY less. You'll get interest payments along the way.

Right now, 30-year Treasury rates are around 4.34%. If the money supply is inflated by 7% on average over that time (this number has historically been much higher - it keeps up with the S&P 500), the bondholder would lose ~2.7% to inflation per year!

In 30 years, at maturity, the bondholder would receive $100 billion (in nominal terms). The holder would also receive ~$130 billion in annual interest payments throughout the 30 years.

The $100 billion payout has a present value of $11.3 billion. The interest payments have a present value of $51.1 billion, so the bond is actually worth only $62.4 billion in present value terms.

The bondholder would have LOST ~$37.6 BILLION by saving in US treasuries.

Why would you pay $100B for something worth only $62.4B?

If the investor put 5% of their portfolio in Bitcoin - $5 Billion in Bitcoin and 95 billion in bonds - their portfolio would perform SIGNIFICANTLY better.

Bitcoin has historically returned 100%+/year, but let's be conservative and say it will return 20%/year for the next 30 years.

The 5% allocation would be worth $1.19 trillion. The portfolio would be worth almost $1.8 trillion.

Instead of taking a compounded -1.5% annually (a 1.5% loss),

The portfolio would have returned 10.1% annually (a 10.1% gain).

Not many good things happen to sovereign nations who stop holding US debt probably has more to do with the decision to still hold some.

Although making up for it by holding more #Bitcoin would be a good step.

We all know #Legacy #Mainstream #Media has been reduced to #Government #Propaganda, yet we celebrate when it talks about #Bitcoin 🤔

Much like #Gensler & the #SEC, #MSM does not mention Bitcoin because it wants to, but has to and will apply their Propaganda agenda to it.

Be ready when #NOSTR starts getting this treatment.

Just like #Bitcoin,

#NOSTR will seem the obvious choice,

to more & more people as time moves on, as Digital IDs spread like a virus, censorship increases, and social credit scores will heard the masses off a cliff.

Happy Easter Everyone! 🐣🐰✝️

When it comes to quality of life improvements, in the last decades, aside from electronics which are massively deflationary, many so-called "developed" parts of the world have in fact regressed. Mostly due to constant inflation and the need for cost cutting as a result.

nostr:nevent1qqsxux5c2lmc3a3nkgmm6mhyqp63lfx4xyah4we3wjjwqa7p00v5sfcpp4mhxue69uhkummn9ekx7mqzyq04uyz4yga26avjmre6l5yld4959kzgp3hwt3m9qa362f2htgdnzqcyqqqqqqg3wadmm

Looks like all the population of Australia will be Chained up ⛓️⛓️⛓️

⛓️ #DigitalID chains ⛓️

"Australia is close to having a legislated national digital identity scheme with the federal government winning support for its bill in the Senate after approving 43 amendments.

Digital ID Bill passes Senate

Should be up and running by mid-year."

https://ia.acs.org.au/article/2024/digital-id-bill-passes-senate.html

Creating a learning AI for minimizing & facilitating taxes in different jurisdictions around the would be a world changing monumental achievement.

And possibly very lucrative as helping populations around the world would be very welcome.

30% seems high, but if the location works maybe. Depends on other expenses...

Watch how the price of #Bitcoin moves when the #ETF markets are closed versus when they are open.

After tracking for a few weeks I think it's now safe to say...

When the Bitcoin ETF U.S. market is open one or more #IBIT market maker entities lead and basically control the market direction.

When markets are closed, Bitcoin goes back to its more organic patterns.

I can't see much good coming from centralizing so many bitcoins in 1 place & under control of 1 or a few market makers.

How will this evolve?

Slowly yes, unfortunately for not knowing any better, many will be casualties of the fiscal systems they were born in along the way...

I found educating without trying to convince people of anything is a good place to start.

Well, unfortunately it sounds like their GameStop plan didn't work out... He, probably unknowingly, started to denominate his wealth in GameStop shares. Similar to how you can denominate yourself in Bitcoin. You have to pick which very carefully.

Why would those shares go up now? They still need a reason to go up in fiat value even with rule changes.

The fiat valuation of your house went up 40%. So others who *only* have fiat have to spend 40% more to buy it. People who base themselves in something else like Bitcoin can buy it for cheaper overtime. I will say you still have to time yourself right in Bitcoin, at least for the short/medium timeframe ahead.

Its's sad to see the middle class getting smaller like this though.

If #Assets like real estate are going up in #fiat value, but going down in #Bitcoin value... Why is that? Should that maybe make you pause & think why?

When I ask this question to random people, every time I only get a glazed & confused look back.

A lot more education is needed.