I’ve got a feeling that this Q4/Q1 combo is gonna be action packed.
#drama #popcorn
One of the core problems with the dollar system. The only way to self-custody it is by holding cash. In 2023 payments aren’t transacted in cash, they are transacted through the internet. With the current system there is no way to self-custody your money electronically, you must rely upon custodians.
The problem is the custodians don’t custody your money, they lend it.
#getout #bitcoin
Right now feels like an especially good time to be accumulating Bitcoin.
The next Bitcoin halving is approaching us in April 2024, cutting the block reward down from 6.25 BTC to 3.125 BTC. Meaning Bitcoin is about to become more scarce.
Along with the halving, we have the final decision deadline for the accepted Spot Bitcoin ETF applications including BlackRock & Fidelity in March. I’ve heard varying opinions on the likelihood of these ETF’s being approved, from 0% to 100%. I don’t think the timing of these applications is a coincidence. With the Grayscale vs SEC decision coming any week now, a win for Grayscale would serve as a landmark decision and boost the probability that these Spot Bitcoin ETF’s will be approved. Even with a loss in court for Grayscale, the acceptance of these applications from big players, suggests to me that a Spot Bitcoin ETF is coming at some point in the near future.
Along with these two bullish catalysts for Bitcoin. We’re starting to see major cracks in the worldwide debt bubble. Governments, financial institutions, companies and individuals are over exposed. There are not many places to hide.
One of those places to hide, perhaps the best place, is Bitcoin.
In the short term, Bitcoin’s price is uncertain. In a year I wouldn’t be surprised if Bitcoin’s price is much much higher.
#bitcoin #halving #defaultsnowball
An easy way to live a more efficient life… bag your own groceries.
Let’s estimate that by bagging your own groceries you save about 3 minutes rather than waiting for the cashier to scan the groceries then bag the groceries as well.
Let’s estimate that the average person shops for groceries once a week, or several times in smaller quantities. So you save roughly 156 (3 x 52) minutes per year bagging your own groceries.
The average lifespan in the United States as of 2021 was 76 years old. According to these estimates you can save 11,856 (156 x 76) minutes of your life AKA 8.23 days.
You can accomplish a lot in 8.23 days.
#time #efficiency
New video out on YouTube, check it out! https://youtu.be/CL_B-I1tRJ4?si=-k_MTi8w0fQHLkCc
It will be interesting to see if Bitcoin has an inverse (bullish) reaction to sliding bank stocks as it did early this year. Keeping a close eye on bank stocks 👀
#bitcoin #macro
One flaw that is clear to me when discussing CBDC’s is that every country wants their own. CBDC’s are being introduced to compete with Bitcoin although nation states won’t admit that. The only way in which I could see a CBDC competing with Bitcoin is if it were to be global and we had a consensus on the properties of the money. Of course that would never happen, and even so I’d still choose Bitcoin.
#Bitcoin #bettermoney
One of the main problems with being in dollar… your dollars are in the bank. The banks don’t have your dollars, they invested them into risky loans, risky treasuries, etc. unfortunately there isn’t a great mechanism for holding your dollars outside of the bank, especially since most transactions are now done digitally.
#dollar #banking #doyoutrustyourcustodian
Don’t buy bitcoin to make money, buy it to have money
Found this article written by Lyn Alden in 2020 very helpful in getting a better understanding of money printing 👇
I love the smell of no counterparty risk in the morning
#bitcoin #trust
One sector of the stock market I’m keeping my eye on is cannabis. In 2018 & 2019 we saw cannabis stocks surge and a bit of a mania surrounding legalization in many states. Most cannabis stocks have fallen significantly since, some down over 95% from their highs. To me this is worth investing a little capital into.
#cannabis #riskreward
Recordkeeping violations, missing deposits, and fake customer accounts along with a systemic banking crisis… Wells Fargo is probably not the best place to store your wealth.
#Bitcoin #bankingcrisis #wellsfargo
I agree, what’s the point of it. Why not just use Bitcoin (Lightning) to transact. Involving fiat is just inefficient, lets not beat around the bush.
Warren Buffet says buy treasuries, according to CNBC. He says they are the safest place to be. While treasuries in the short term may be better than just sitting in cash, I disagree with Warren Buffet. For one,
Bitcoin, gold, art and other assets with no/minimal counterparty risk are safer. Secondly, what’s the end game with this debt. Who will loan the government dollars when there is none left? They’ll either loan themselves the money (printing, devaluing debt) or you’re just not getting paid back, straight up.
#bitcoin #treasurieswillblowuponeday
If the money was in the bank, there would be no bank runs, plain and simple
#brokensystem #bitcoin
Banks are becoming outdated. The physical banks we have today were designed to provide physical protection of money (Sidenote: and to loan your money out, instead of storing it for you). Robbing a bank is now something that is done digitally. Neither banks nor many of our traditional institutions are equipped to handle the cyber attacks, that will continually become more difficult to defend against. Checks are not a secure way to send money, and hackers are accessing bank accounts more easily.
#banking #anachronism