"Tax the rich" will be "tax the #Bitcoin   'ers" within 10-20 years.
Why do massive companies (who are insanely profitable) have so much debt?
They know fiat currencies will always trend to 0, so they generate profits from having a negative position (instead of holding dollars, they owe dollars to someone else).
They are shorting the dollar, meaning they are profiting from the downside.
Shorting something means you profit when it decreases in value.
If you short Apple stock, you sell it today and plan to buy it back later when the market value has dropped.
When the value of the dollar trends to 0, anyone that takes on debt benefits because the amount they have to pay back is worth significantly less in real terms.
Oversimplified example:
If you borrow a $100,000 interest-only loan with a 3% interest rate and the money supply is increasing 10% per year, you are making a 7% profit by taking on debt.
The real value of your debt has dropped to ~$35,000 (a $65,000 decrease) after 10 years but you paid only ~$30,000 in interest... meaning you earned ~30,000 in profit by borrowing money.
The nominal value is $100,000 + $30,000 ($130,000) but in real terms you are only paying back ~$65,000 because you are paying back the principal when the value has dropped!
Have you noticed that more companies are issuing credit cards?
Tim Hortons, Walmart, and even various airlines, all offer credit cards, but they aren't banks.
They also have debt.
They are making money from the spread.
They borrow dollars at 3% to run their operations and rent money to their customers at 20%, earning a 17% spread from their credit card business 🤯
The fiat currency system is designed to keep increasing the money supply, and this is one of the ways that it happens!
MOST of the #BTC supply was issued when #Bitcoin had a much lower value.
As more people understand and want BTC, the supply DECREASES.
Over the next ~120 years, 1.4 million more coins will enter the economy. There will never be more than 21 million BTC.
Most early holders would have sold prematurely or would have lost their keys because they didn't understand how Bitcoin works. It was worthless to them.
Today, people are making an even worse mistake: they're ignoring what's right in front of them. You can do just a few hours of research and conclude that Bitcoin's price will go up forever in terms of any fiat currency.
50% of the BTC supply was issued from 2009-2012.
Price at first halving: $12
25% of the BTC supply was issued from 2012-2016.
Price at second halving: $680
12.5% of the BTC supply was issued from 2016-2020.
Price at third halving: $8,590
6.25% of the BTC supply will have been issued from 2020-2024.
What will Bitcoin's price be at the fourth halving in 2024?
The issuance rate of Bitcoin will drop to less than 1% of total supply in April 2024, and it will drop forever until it reaches 0. People are putting away as many coins as they can and those coins will never enter the economy again.
The facts are all in front of you.
You can ignore them all you want.
The price of BTC will eventually reach:
• $100,000
• $1,000,000
• $10,000,000
• $100,000,000
and there's nothing anyone can do to stop it.
In 10 years, anyone with no #Bitcoin       will claim "Bitcoiners were so lucky."
But they weren't.
Anyone that owns Bitcoin did something others weren't willing to do:
1) They put in the time and effort to study something that the majority of people see as a "Ponzi scheme"
2) They bought as much as they could
3) Then they held on to it for more than a decade
That's not luck.
That's conviction.
In 10 years, anyone with no #Bitcoin       will claim "Bitcoiners were so lucky."
But they weren't.
Anyone that owns Bitcoin did something others weren't willing to do:
1) They put in the time and effort to study something that the majority of people see as a "Ponzi scheme"
2) They bought as much as they could
3) Then they held on to it for more than a decade
That's not luck.
That's conviction.
Blackrock's #Bitcoin    ETF now holds 115,989 #BTC   , up 6,380 from yesterday.
Their total holdings are now worth $6 BILLION.
Blackrock now holds 0.5523% of the total supply of BTC.
900 BTC are issued per day. In April this will drop to 450.
Yesterday, Blackrock clients bought 7.09x the newly issued supply.
I spent over 3 years and thousands of hours studying #Bitcoin
I had to let go of things I believed about money my entire life
I had to delay gratification to buy #BTC
I had to go against the crowd
And yet in 10 years
Most people will say I got lucky
I owed some taxes and chose to pay 9% interest by making monthly payments instead of paying as a lump sum...
Even though I had more than enough available to make the payment right away.
Instead, I used the available cash to buy #Bitcoin    in October.
The value of what I owed went from 0.25 #BTC    in October to 0.14 BTC when I paid it off yesterday 🤯
Sometimes, paying interest is worth every penny.
I wouldn't have regretted my decision even if Bitcoin's price dropped, because I had mentally prepared myself for the possibility of it happening.
Over the long term, EVERYTHING trends to 0 in terms of Bitcoin, forever.
Banks extract billions of dollars of wealth from us every year but they "AdD vAlUe tO ThE hUMaN ExPErIenCe"
If you think Bitcoin uses too much energy and you want to save the planet:
- Don't use your phone
- Don't use your laptop
- Don't use your washer and dryer
- Don't use your oven and stove
- Don't use your TV
- Don't use your water heater
- Don't use your furnace
- Don't use your AC unit
- Don't use your dishwasher
- Don't use your refrigerator
- Don't use your car
- Don't use banks
- Don't go to grocery stores
- Don't eat at restaurants
- Don't turn your lights on
- Don't play video games
In fact, stop using modern technology altogether. That's the best way to use less energy.
Real estate is becoming a degenerate gambler's asset class 🤣🤣
A common argument I get AGAINST owning Bitcoin and FOR owning #realestate:
"People don't need to own #BTC   , but they DO need a bed to sleep in -
that's why I will keep buying real estate and not #Bitcoin   ."
This is a very uninformed argument and shows that you have a limited understanding of why you buy houses as a store of value in the first place.
People also need veggies, fruits, rice, and meat to survive.
But you don't see investors buying food as a store of value... right?
Food can be mass-produced and is not scarce.
Utility does not mean the market price of something will increase, or even be maintained.
Bitcoin is designed to be the best store of value because you can't make any more of it.
This is the first time we have an asset with a programmatically limited supply.
Bitcoin's scarcity is what will lead to a massive increase in its price.
House prices always go up in terms of fiat currencies because fiat currencies are not scarce.
They can be printed at will.
Housing is not as scarce as BTC, and technology will make houses even MORE abundant.
If someone can buy a 3d printed house to satisfy their need for shelter and it costs them 25% of what a regular house costs...
What will they choose?
If 3d printed houses cost a lot less and can be made in half the time, what happens to real estate as an investment?
Do you think the price of your house will still go up if the supply of houses increases significantly?
Supply and demand are the most important economic concepts in EVERY market.
The supply of homes is artificially limited by real estate investors and governments.
If someone can increase supply but demand doesn't keep up, the price will drop.
This applies to Bitcoin too - if we figure out a way to increase Bitcoin's supply from 21,000,000 BTC to 42,000,000 BTC, for example, Bitcoin's market price would tank.
People own Bitcoin because of its scarcity.
Real estate investors also own real estate because it's scarce and it has historically maintained or increased their buying power.
Today, real estate is used as a store of value by the vast majority of investors.
When investors get out of real estate, the price of a house will drop to its utility value.
I think Bitcoin will speed up the process of demonetizing real estate.
As more people realize that Bitcoin is a much better store of value, they will sell their real estate at market prices, pushing prices down.
People who think that their real estate will just keep increasing in price because of utility are in for a VERY rude awakening.
Real estate is already unaffordable at current prices to the vast majority of people.
More and more people are forced to rent because they can't afford to buy.
What happens when newer generations give up on real estate as an investment?
Eventually, this will be the case...
Supply will outpace demand at current prices.
Real estate investors: have you taken this into account?
On a #Bitcoin standard, McDonald's prices would be going DOWN, not up.
Better yet...
On a Bitcoin standard, McDonald's wouldn't even exist and a lot more mom-and-pop burger shops would thrive!
Gold investors are moving from #gold ETFs to #Bitcoin ETFs 🤣🤣
Eventually, Blackrock's total assets under management will consist of 99% #BTC   .
How will that happen?
1) Blackrock clients who understand Bitcoin buy some #BTC   ; the price goes up slightly.
2) Other clients start seeing what's happening to Bitcoin's price and choose to allocate a small amount to Bitcoin; the price starts rising faster.
3) Clients start selling other assets to buy Bitcoin (why bet on the slower horse?); the price starts rising even faster.
4) Clients now start fearing that they missed out on being able to buy 1 BTC, so they start selling entire portfolios to accumulate Satoshis. Price goes parabolic while everything else drops when priced in Bitcoin.
$1.5M real estate portfolios are worth ~30 BTC today. Within 20 years those portfolios will be worth 1 BTC or less.
When investors (who only care about total return and don't claim to be worried about cash flow) start figuring out what's going on, we will see tons of supply of stocks and real estate come to the market.
In those 20 years, we're going to see A LOT more houses owned by the occupant and real estate investors panic selling their 10-20 properties to get their hands on 0.5 BTC.
Today, they can buy 0.5-1 BTC as a hedge for their $1M portfolio, but they won't because their ego won't let them.
Blackrock clients will probably be the first ones to get out of all these legacy assets.
Retail investors who think they know better than Blackrock will be the ones left holding the bag.
If Wall Street tries to coordinate a #BTC    dump, the firms dumping will never be able to acquire the same amount of BTC again.
When they sell, prices will drop...
And I'll be buying.
I know millions of other people want a price drop and they'll probably be buying too.
Do you think if the price dumps to $30k people won't buy more?
Every BTC taken off exchanges is another BTC that Wall Street firms won't get their hands on for a very long time.
So they can sell and try to manipulate prices down...
But there's way too much risk involved because this is an asset that people can self-custody.
Shorting #Bitcoin    can mean you take unlimited potential losses - a 100% increase in the price of BTC means you take a 50% loss.
A 200% increase in price means you take a 67% loss.
Do you REALLY think Larry Fink is playing games when he says Bitcoin is a flight to safety?
It's much more likely that firms will try to manipulate the price UPWARDS to get people to sell.
When they sell, firms will buy and never sell again.
Do you think $100K is high?
What about $200k?
$500k?
$1M?
There will be someone willing to offer you a lot more than that because they know that Bitcoin is worth MUCH more in terms of USD, a currency that can be printed at will.
Relentless demand is about to meet finite supply.
I don't care if you buy #Bitcoin.
Just spend a few hours learning about it.
There's a reason why people say you're "orange pilled" after you truly understand how Bitcoin works.
Bitcoin is not just another meme stock or pyramid scheme. It will be here forever.
I'm going to say this again for anyone who missed it:
#Bitcoin    will hit a new all-time high in terms of US Dollars in 2024.
Over the last 15 years, Blackrock and Fidelity could do nothing to stop you from buying #Bitcoin.
Today, people are messaging me to ask "What can we do to stop BlackRock from owning all the #BTC?"
Nothing.
All you can do is not sell to them.
We (the average retail investor) had a 15-year head start.
Blackrock will keep accumulating BTC until there is almost no available supply to be bought below $100,000 then until there is no available supply below $1,000,000, then $10,000,000.
And they will likely never sell again.
Blackrock's #Bitcoin    ETF now holds more than 100k BTC!!
It now holds 105,280 #BTC   , up 10,004 from yesterday. THIS IS THEIR BIGGEST DAY SO FAR 🤯
Their total holdings are now worth $5.1 BILLION.
Blackrock now holds 0.5013% of the total supply of BTC.
900 BTC are issued per day. In April this will drop to 450.
Yesterday, Blackrock clients bought 11.11x the newly issued supply.