In CAD, BTC is $66,666.60 🔥

This is the highest number I've seen since I started paying attention.

There were people in 2022 who said #BTC is a terrible inflation hedge.

People like

@PeterSchiff

and

@PeterZeihan

have told their followers not to buy #Bitcoin and probably led to millions of people not buying Bitcoin because it's useless and worth $-1,000.

Will they ever admit they were wrong?

I doubt it.

The fiat currency financial system is a sinking ship

My goal was my content is to get as many people on the #Bitcoin life raft as possible

Most people who dislike Bitcoin don't even understand why

They're taught a bunch of lies and they have beliefs that they can't let go of

They think the money they use today is backed by something...

It's sad to see that all of these people will be badly hurt financially unless they spend some time learning

But there's a positive

This means people will be working to earn #BTC and businesses will have more than enough labor 👏🏼

In June 2023 I told someone I know to study #Bitcoin

He said he didn't like the idea of buying something so volatile because it feels like a gamble

I had a conversation with him just now and he mentioned how the NFL is rigged

Why?

He bet $2,000 on the 49ers and lost🤦🏽

I think I'd be a lot more worried about my future if it weren't for #Bitcoin

Once you see how Bitcoin will improve your life and the world, you can't unsee it.

Ask yourself: What is money? Why is it that everything will get more expensive forever? Corporations want more profits but that's not the only reason.

As more USD is created, demand for goods increases, and merchants are forced to charge more USD.

They don't want consumers to stop buying... so instead of increasing the price they cut the size of your snacks.

Corporate greed is only a scapegoat.

The root cause of the problem is money being debased.

#Bitcoin fixes this by being money with a fixed supply.

#Bitcoin pumped to $48,600

But everyone's watching the Super Bowl who's even buying?!?

#Bitcoin pumped to $48,600

But everyone's watching the Super Bowl who's even buying?!?

Most tradfi investors can't wrap their heads around why someone would want #Bitcoin   .

"I can't even touch it!"

They seem to forget that something like 95% of the dollars they chase are digital.

People who understand #Bitcoin    want others to buy #BTC    as well to take money out of the hands of government.

But the people who don't own Bitcoin think that the people telling them about it are selling them on a Ponzi scheme.

PEOPLE GAVE UP AS SOON AS THE #BITCOIN ETF WAS CONFIRMED

Market psychology will never make sense.

Most people are no longer paying attention to #Bitcoin

They gave up after the 20% drop from $49k to $38.5k

I got messages from people who were "frustrated and angry with how Bitcoin is performing" so they sold at $39k

Now the same amount of #BTC will cost them 25% more

Last week, I got a call from a high school friend who wanted to learn about #Bitcoin

He used to be a shitcoiner

Now he owns 1 #BTC

If he had chosen to wait a few years to make this decision, he may never have been able to afford to buy the same amount of Bitcoin

The cash in your bank account is slowly dying.

Saving in a fiat currency for long-term goals is the worst financial decision you can make.

Long story short with #Bitcoin:

#Bitcoin is a flawless check and balance to money printing worldwide.

Undefeated store of value & incorruptible medium of exchange that is not controlled by one country or corporation.

Also, it’s a digital asset that is backed by the most powerful computing network in the world.

Not only that, the #Bitcoin network (mining) is tethered to a physically tangible commodity, electricity.

There will only ever be 21,000,000.

♾/21,000,000= #Bitcoin’s future price.

It is the best store of value on Earth. It is digital gold.

The issue with this is that not every miner has to be in YOUR jurisdiction.

They need land to set up equipment but they don't need YOUR land specifically.

Some miners can operate outdoors without needing a building.

Humans need real estate to survive.

#Bitcoin    does not.

Instead of pushing #Bitcoin    holders out of their country, I think in the future governments will treat them very well.

On the other hand, with stocks and real estate, governments can treat investors worse over time because there's almost no way out unless you go through a regulated financial institution.

What do you think will happen if the US government has to borrow in a different currency?

Its power to borrow USD and do whatever it wants will be gone when (not if) the US Dollar loses its status as world reserve currency.

This is when I think anyone with unrealized capital gains in the legacy financial system gets rekt.

You can never own real estate because you will always pay property taxes.

If your government increases the property tax, what are you gonna do about it?

The market price will likely be forced down as fewer buyers want to hold a property just to pay 3-5% in property taxes each year.

You might be able to sell your property, but I think capital gains tax laws would be next.

Anything you've saved in real estate will likely be devalued significantly.

What happens if CG taxes go from ~20% to 50%+?

Since Bitcoin is a permission-less network, its users are free to move their wealth across borders as they please.

You can't pick up a rental property and move it to another country.

You can't send your stocks somewhere else unless you go through a financial institution that serves as a custodian.

If governments try to implement a property tax on Bitcoin and you have self-custody, you can send it to another jurisdiction within minutes.

If you don't have the keys to the address in the other jurisdiction, there's nothing your government can do to get that #BTC    back.

The cash in your bank account is slowly dying.

Saving in a fiat currency for long-term goals is the worst financial decision you can make.

RE invest is a) a great way to get rekt against BTC and b) a great way to simultaneously rekt one's neighbor. The past 20-30 years of bottom feeders pushing "RE investment" have been a massive net-loss for society.

Rajat is based AF.

I don't invest in real estate because:

1) I don't like the idea of competing with someone else who may be buying the house as shelter

2) Real estate will always trend to 0 in terms of #Bitcoin

Instead, I just buy #BTC.

In 2024, I will continue to not own rental properties.