Nassim dismisses #Bitcoin as a cult, but investing in assets that have a cult-like following is the smart thing to do.
Below are the 10 year returns of assets which have a cult-like following compared to the NASDAQ:
Bitcoin $BTC: +30,604%
Tesla $TSLA: +3,463%
Apple $AAPL: +1,401%
NASDAQ: +295%
In this context, a “cult” is really just a loyal base of fans that are willing to defend and promote the asset, for free.
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#Bitcoin has completely obsoleted the monetary use case for gold. Gold has become an un-investable asset.
Gold fails as an inflation hedge, as the price of gold has not even kept pace with the growth in US money supply since the beginning of 2020.
Denominated in $BTC, gold is down -71% since the beginning of 2020.
Over 50% of Gen Z adults believe there are more than 2 genders as of 2021.
Custodians melting down, institutions buying in. Tick, tock, next block - the honey badger don’t care 👀
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#memes #memestr
If you bought 10 years ago…
#Bitcoin: +29,524%
NVIDIA: +12,442%
Tesla: +3,766%
AMD: +2,650%
Apple: +1,358%
Netflix: +1,268%
Microsoft: +1,109%
Facebook: +1,077%
Amazon: +848%
Google: +455%
S&P 500: +227%
Gold: +43%
US CPI: +31%
The largest bank in Spain says #bitcoin can process more transactions and faster than Visa with "millions of transactions per second"
🔸 Today (27), #btc's Open Interest crossed the $ 15 billion "barrier".
🔸 The last time we saw the O.I on these levels was on November 5, 2022.
Get ready, it's impossible for this to end "well".
#Bitcoin 🐳🔥
yeah.
BTC is a supreme collateral, we tend to spend less and less btc and leave everything cold until fiat dies.
NEW: Orange Pill App launches Zaps on iOS & Android
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NEW: Median success rate of⚡️#LightningNetwork payments based on payment size 👀
#Bitcoin comprises only 10% of the $69 million worth of cryptocurrencies that remain on Prime Trust's books 😮
88% is held in a token called 'Audio' 🤔
JUST IN: Prime Trust lost access to its legacy wallets and used customer funds to buyback crypto to honor these redemptions 👀
Prime owes $85+ Million but only has $2.9 Million in fiat 😱
Take your #Bitcoin OFF exchanges!
Nearly 20% of Gen Z is LGBT.
That’s ~1 in 5 members of Gen Z.
Paying in #Bitcoin Lightning is FASTER than MasterCard 💥
Bitcoin is unstoppable! 🙌
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WOW! A lot of money is coming in #BTC
With the Blackrock #Bitcoin spot ETF there is a lot of money just waiting to flood into #BTC
Institutions are already in, but this could bring everything to a whole other level!
