I was going to do this anyways🤣
People still think the US government is going to ban #Bitcoin 🤣🤣
New #Bitcoin ETF ad from Blackrock:
Your bank balance is an illusion
Your bank doesn't have your money
Banks don't need to keep any reserves since 2020
Learn how money works, because if you don't you'll work for it until the day you die
If you're a millennial, PLEASE do at least 20 hours of research to figure out why #Bitcoin is the best money
The info is out there
Great resources
- Books
- Podcasts
- YouTube videos
Almost anyone can be a #Bitcoin       millionaire for $520.
Here's how:
1 #BTC       is made up of 100,000,000 Satoshis
1,000,000 #Satoshis = 0.01 bitcoin
1,000,000 Satoshis cost $520 USD
Within 3 Bitcoin cycles, I think 1 Satoshi will be worth $0.01+, meaning your 520 USD investment is worth $10,000+.
1 Satoshi is currently worth a fraction of a penny. You can buy 1,400 Satoshis for 1 Canadian Dollar, 1900 for 1 USD, etc.; you don't need to buy them all at once.
Satoshis can be thought of as a digital token.
Satoshis provide utility in multiple ways.
1) Store of value
The best-known way that Satoshis provide utility is by being a store of value. You can hold Satoshis for as long as you'd like. The network will never issue more than 2.1 quadrillion Satoshis. The buying power of Satoshis will increase over time because 1 Satoshi will always be 1 Satoshi. The supply of Satoshis can never increase. If you store your wealth in Satoshis, you know your wealth won't be lost to inflation, and you'll likely be able to buy more goods with the same amount of Satoshis in a few years.
2) A fee to use the Bitcoin network
The second way that Satoshis can be used is by being paid as a fee to move Satoshis from one address to another on the Bitcoin blockchain. This can be tied in with...
3) Medium of Exchange
The third way that Satoshis can be used is as a medium of exchange. Today, we use US dollars around the world as a medium of exchange because most of the world trusts that they will be valuable tomorrow. As more individuals understand and use Satoshis as a store of value and see an increase in their buying power, they will spend their Satoshis on the goods and services they want or need.
4) Unit of Account
As more of the world's liquid wealth moves from US dollar financial markets into Bitcoin, we will see more merchants and raw material providers using Bitcoin as their unit of account because, in Satoshis, prices decrease over time. This means happier customers (how happy would you be if the cost of your groceries decreased over time?) and more business.
5) Transfer and receive information
Bitcoin can be used to transfer and receive information like comments, files, and documents. The Bitcoin software is a recording of every transaction that ever happened. You can inscribe a Satoshi with information and send it to anyone who has access to the internet. Nobody can change the information recorded on the software; the records are immutable. In the future, inscribed Satoshis can be used to transfer deeds, identification, etc.
6) Insurance
Satoshis can almost be seen as insurance against the collapse of the legacy system. If financial institutions go bankrupt, we have a way to transact without them. If governments can't be trusted to protect our property rights due to negative intent, the Bitcoin network can be relied on to store the most accurate information.
Over time, as the network becomes more decentralized, we see wider adoption, and if we find more use cases, we will see the value of Satoshis increase!
We've been brainwashed to believe that we should trade the best years of our lives for pieces of paper that we call money.
#Bitcoin is one of the only things in the world that can't be mass produced
Blackrock's #Bitcoin    ETF now holds 119,681 #BTC   , up 3,692 from Thursday.
Their total holdings are now worth $6.2 BILLION.
Blackrock now holds 0.5699% of the total supply of BTC.
900 BTC are issued per day. In April this will drop to 450.
On Friday, Blackrock clients bought 4.1x the newly issued supply.
Banks make money from the lower class through fees and interest,
Borrow money from the middle class for free,
Then lend it to the upper class, so that they can become even more weBanks make money from the lower class through fees and interest,
Borrow money from the middle class for free,
Then lend it to the upper class, so that they can become even more wealthy.
This is interesting to see
So many trades for #Bitcoin
And I don't think I see a single trade above 0.05 #BTC
Small amounts are being accumulating over time
Very small sample of trades, but most of the world is already priced out of owning 1 BTC
Saving in #Bitcoin    means the value of your savings INCREASES over time because BTC is a scarce commodity
This is what leads to deflation on a Bitcoin standard
A house that would have been worth ~1,000 #BTC    a few years ago, costs ~8.5 BTC today, and will very likely cost less than 1 BTC in the future
When banks aren't skimming off the top by charging interest, you can save for your future and life gets much cheaper
When priced in dollars, the S&P 500 gained 20% over the last year.
When priced in #BTC    it has lost almost 40%.
The stock market also has many risks that #Bitcoin    eliminates by being incorruptible software.
Why would anyone choose to take more risk to get a lower return?
#Bitcoin is the best asset in the modern economy.
Gold is a hedge and protects you if the modern economy collapses. Eg. No internet, no electricity, etc.
If this doesn't happen, gold will trend towards 0 against #BTC.
I know a lot of people who have spent less than a few minutes studying Bitcoin will say Bitcoin is slow
Let me tell you how financial systems work
Did you know that when you send money with a credit card, it doesn't "settle" right away?
Settlement is when money actually changes hands
Credit cards can process lots of transactions, but they don't "settle" for up to 60 days.
Bitcoin transactions can be compared to SWIFT
SWIFT is what we use to send wire transfers, and they're irreversible
SWIFT transactions can take 3-5 business days to provide final settlement and they cost at least $50
Bitcoin transactions provide final settlement, and they can take up to an hour
You can use a second layer (like Visa or Mastercard) to speed up bitcoin transactions without actual settlement
Lightning (and other layer 2s) allow transactions in a fraction of a second, and they're almost free!
Today 1 house costs 10 #Bitcoin
Eventually, 10 houses will cost 1 Bitcoin
The US dollar financial system is a religion based on the belief that paper is money
#Bitcoin fixes this
Saving in #Bitcoin    means the value of your savings INCREASES over time because BTC is a scarce commodity
This is what leads to deflation on a Bitcoin standard
A house that would have been worth ~1,000 #BTC    a few years ago, costs ~8.5 BTC today, and will very likely cost less than 1 BTC in the future
When banks aren't skimming off the top by charging interest, you can save for your future and life gets much cheaper
As more people adopt #Bitcoin, it becomes harder to regulate.
Governments might be able to stop a few hundred people from running Bitcoin core on their computers.
Or maybe even a few thousand.
But hundreds of thousands?
Millions?
Bitcoiners already outnumber politicians.
Soon, Bitcoiners will BE politicians.
Do you think someone will intentionally screw themselves over by creating regulations that ban Bitcoin?