Everyone is not bullish enough.
Many individuals will miss out on the most significant wealth transfer in history due to their lack of understanding of monetary principles.
Bitcoin is currently the scarcest asset on Earth,
What is the worth of absolute scarcity? 🤔
Throughout history,
People have used scarce items as money,
sometimes using things like shells, stones or even gold
Gold, for example, is "valuable" because it's pretty, doesn't rust, and is easy to shape.
But most of its value isn't because of these features.
Brass looks similar and is shiny too.
Governments own a lot of gold that just sits in vaults,
showing they're not interested in its looks,
lesson(s) in there, I think.
Bitcoiners will have access to every tool at their disposal to help shift the entire world from dystopia towards a closer approximation of utopia.
No Noise, Just Signal.
In a world of smokes and mirrors,
Bitcoin will become the only signal of purchasing power,
The thirst for knowledge in the Bitcoin space is incredible.
I haven't seen this in my entire lifetime.
I have come across many fields and delved into them deeply, and Bitcoin is extremely different.
Bitcoiners truly want to learn and need signal knowledge; they are not complacent with poor noise and takes.
They want depth; they want the betterment of themselves and society.
It's truly inspiring to see and to witness such a great group of humans uniting towards a greater good.
This only happens because incentives are aligned.
Laser eye focused! all the time.
GenPub is not going to care about Bitcoin until it hits +100k.
This is extremely bullish.
Right now, it's not even on their radar.
You could ask them the price, and they'd say anything from 1k to 60k.
lesson(s) in there.
This is exactly the same as when people say
"Why Bitcoin Will Fail"
I will keep buying Bitcoin at 45k, 55k, 65k, 75k, 90k, 100k, 250k, 500k, 800k, 1M.
My holding period,
time when people will no longer be willing to exchange their ₿ for $.
bear will be rektd
How can a presidential candidate running for the United States vow to limit free speech? 🤦🏻♂️
Indeed, people have no idea how the general public is completely ignorant when it comes to money.
Time in perspective.
- 1M seconds ≈ 0.03 yrs = 12 days.
- 1B seconds ≈ 31.7 yrs.
- 1T seconds ≈ 32k yrs.
protect it with bitcoin.
35T seconds ≈ 1.1M yrs.
ABSURD! 🤯
this has been proposed like 6 times throughout history.
they will keep trying until it is done.
slippery slope.
it is absurd that this is happening in the usa.
indeed, the constitution has been a great tool to counteract this, but the absurdity of proposing such a stupid policy is wild.
how can a candidate of the usa have so little understanding of economics?
same!!
Cold storage in a boating accident remains the standard!
Unrealized capital gains 101,
You bought 1 bitcoin in Sept 2024 for $56k.
By the end of the year, it's valued at $100k, but you didn’t sell, leaving you with an unrealized gain of $44k.
Under a proposed tax plan,
you owe $11k in taxes (25% of $44k).
But you didn’t sell, so you don’t have the cash.
You pay the taxes out of your savings.
You continue to hold until August 2024, and Bitcoin drops to $30k.
You LOST $26k on the bitcoin,
PLUS you paid taxes on the $44k of “gains” you never actually realized, since they disappeared.
Initially, the tax is aimed at $100M+ portfolios, but it sets a precedent.
Eventually, it trickles down to everyone.
Now, every bitcoiner is at risk of paying taxes on assets they haven’t sold.
People stop buying Bitcoin.
Adoption "slows"
The great thing behind the people writing the speeches is that they are making it a point to distinguish between bitcoin and crypto,
pretty bullish it you ask me.