If your wife is not freaking out you’re not stacking hard enough!
Considering the latest news I think Bitcoin in September 2024 has the largest asymmetric upside we’ve ever seen. I’ve never been more bullish than this!🚀
Get to 0.1 BTC today! It’s only $6.3k.
News this week:
- Microstrategy bought BTC for $460M
- SEC approved options for IBIT ETF
- BNY Mellon will custody BTC
- Double rate cut by The Fed
- Musk meeting with Bukele
So many bullish news and the price is still stable. The asymmetric upside is insane. We will never get this opportunity ever again!
BNY Mellon will start to custody Bitcoin for institutions. They are world’s largest custodian bank with $50T under custody. The game theory this will kick off is something we’re not ready for!🤯
Before hard money I was struggling to find the best way to keep the value of my hard earned money. I was using index funds and real estate. I basically had to work to keep the monetary value of the money I already had worked for.
How hyperbitcoinization will play out:
1. Rich people will lose trust in The Fed, bonds, real estate, gold and USD
2. They’ll find out what Bitcoin is and get FOMO
3. They’ll buy the remaining BTCs on exchanges. Normies will also sell their coins for high prices to them thinking they can buy back cheaper later
4. Central Banks will print fiat to buy it which will create hyperinflation
5. After USD gets hyperinflation debt will be worthless, many businesses will go broke. The world will clean out everything that is not profitable. We’ll start from clean sheets with Satoshis as the new currency
These steps can last for months or up to five years. Your only job is to DCA and HODL!
Fractional Reserve Banking leads to debt which leads to inflation which leads to rate hikes which leads to money printing to cover interest on debt, which leads to more debt/inflation etc. There is only one way out of this.
We’re at step 6 now:
1. Pandemic
2. Print money and cut rates
3. Stop printing and hike rates
4. Stop printing and keep rates stable
5. Keep rates stable
6. Cut rates
7. Cut rates and print money
8. Hyperinflation of The USD
9. Debt gets worthless
10. Global Bitcoin adoption
Futures ETFs came in 2021, so the last bullrun was the first time Wall Street got access to manipulating the BTC price, but since a Spot ETF didnt come before 2024 they had to short it to create FUD and stop the last bullrun. Now Spot ETFs hold 1.1M BTCs and the bullrun is ready!
What do you think happens when AI helps humans to make gold, real estate and everything else almost for free? At that point people will put everything they have into the only finite asset on earth. Bitcoin.
It's very complex to understand the value of Bitcoin. You need to understand fiat, money, decentralization, energy and cryptography. There is always something new you learn along the way. This is the main reason the adoption is so low. It takes time for people to learn it.
Cutting rates 3 years after you printed 40% of the total USD means that hyperinflation likely happens within 5 years. You should hold on to your bitcoin for dear life now, because things are about to go fast.
Fiat = Trust Powell
Bitcoin = Trust math
How early are we?
- 1 BTC = 100M satoshis
- 21M BTC x 100M sats = 2100T sats
- 2100T sats / 8B people = 263k
If Bitcoin were evenly distributed, each of us would have 0.00263 BTC.
The 2020 Bircoin cycle did not play out in a natural way like the previous cycles. They printed 40% of the total USD and BTC on exchanges started falling for the first time yet we didn’t get a blow off top like previous cycles.
China ban, Futures ETFs, Celsius and FTX basically stopped the bullrun. This means that we don’t know what real top should’ve been. This also means that this bullrun could almost be a two-in-one bullrun🚀
If you understand Bitcoin now you’re basically Neo. You can see the code in the matrix before everyone else. Other poeple don’t even know they’re slaves.
1.17M Bitcoins are left to be mined over the next 116 years. $899T of global wealth is still not in Bitcoin. This the most asymmetric upside in history. People will say you were lucky, but you understood money before everyone else.
$61k🚀 The $58k peg is broken and the bitcoin bullrun is confirmed.