In 2021, 1 BTC cost 26,000,000 Naira.

In late 2017, 1 BTC cost 7,000,000 Naira.

I recommended to a personal finance influencer that it may be useful to spend a few hours studying #Bitcoin

I said it would benefit him, but more importantly, his followers

He said:

- I don't understand it

- I don't think the government will let it be adopted

- There's no underlying asset

- It's speculative at best

- No thank you

We are so damn early it hurts 😭😭😭

STOP IGNORING THIS.

Why do people blame everything wrong with society on capitalism?

Kellogg's gets handouts from taxpayers

Then, mainstream media puts people like this on TV to spread their BS

Do you think Gary Pilnick, Kellogg's CEO, eats cereal for dinner?

No - he's probably eating steaks

In a capitalist system, nobody gets handouts

The US and Canada are NOT capitalist

This is SOCIALISM

Governments devalue your money so much that all you can afford to eat for dinner is shitty cereal

This is yet another problem that #Bitcoin    fixes

When you save in Bitcoin, you probably won't need to eat cereal packed with sugar for breakfast

Your savings wouldn't be diluted and sent to other countries

If you haven't bought #bitcoin    yet, don't worry - you're still early

There are a lot of people sidelined because they still think Bitcoin is going to 10K or below

Bitcoin didn't even go that low after one of the biggest exchanges in Bitcoin's 15-year history (FTX) went bankrupt

What will be the trigger to bring Bitcoin to 10K?

Bitcoin ETFs are buying hundreds of millions of dollars of #BTCevery single day

Stop being stupid and get yourself a piece

You don't need to spend $51K

Buy fractions over time

Small amounts will add up over time and give you opportunities that you never had in the past

We will see a new all-time high in terms of US Dollars in 2024.

Are you ready?

We're still very early to #Bitcoin

Every post I see about Bitcoin has comments like:

- It's a Ponzi scheme (it's not)

- It uses too much energy (it doesn't)

- It's too expensive to use (layer 2 solutions will solve this)

- It has no intrinsic value (it doesn't need to)

- It will be taken down by governments around the world (this is the most ridiculous argument of all because the protocol is run on computers all around the world, and a lot are hidden with a VPN)

Some of these comments come from people pumping random garbage altcoins, 99.9% of which will never make new highs against the price of #BTC

The vast majority come from people backing up gold, real estate, and stocks who are worried that their investment is slowly being demonetized

The people commenting are usually arrogant and can't back up what they claim with facts

The vast majority of the public has no clue what this is, but they reject the idea without understanding it in depth

Most people prefer to stick to the old system because that's what they're familiar with and Bitcoin is confusing

They don't realize that the old system is designed to extract their wealth and make them poorer

Stop letting the distractions keep you from doing your own research

Verify EVERYTHING you learn from multiple sources and look at the arguments for and against the topic

The only way to opt out of the rising cost of goods and live a life of abundance is to understand how money works

Bitcoin will lead you down so many rabbit holes and it will expose so much of the world to you

If you're going to take this route, get mentally ready to take off the rose-tinted glasses and be disappointed with how things are run today

Everything has a price, including the ability to destroy the planet

Elites take private jets to meetings that can probably be done on zoom...

But we, the "poors," can't even use plastic straws 🤣

Someone bought 26,000 BTC today🤯🤯

This person is very likely trying to promote a shitcoin by saying Bitcoin has inflation.

Before people get scammed this coming bull run, let's get the truth out there.

#Bitcoin    has zero inflation.

"Issuance" is not "inflation."

Issuing more coins to market participants is not debasing the network.

Most people who save in Bitcoin already know that there will only be 21M.

They don't think "Oh no! 900 coins were issued today so my 1 BTC is worth less now."

The maximum supply is already known.

This supply is being issued to miners who provide security to the network by using their own resources.

If I told you I was creating a limited supply product and I'll be releasing 21 items, 1 per day over 21 days...

Would you consider every item that enters the market as "inflation?"

You already know there will be 21.

Will the value of the first item decrease once the second item is issued, if both are identical?

On the other hand, gold is being inflated every day.

We have no clue how much gold exists.

Every year, the supply increases by 1-2%.

Since there is no predetermined maximum supply, new supply entering the economy is inflation.

As we develop better ways to mine gold or as demand increases, the inflation rate will likely increase.

The same applies to US Dollars.

There is no supply cap for ANY fiat currency.

We just know that more of it will be created over time.

We don't even know what the rate of issuance will be!

Bitcoins supply schedule can be in the attached picture.

#Bitcoin doesn't need to produce cash flows

#BTC IS the money

Other things will produce Bitcoin.

Over the next 20-30 years, we will assess businesses based on their ability to earn Bitcoin cash flows.

We are so early that you can buy money today using pieces of paper!

Has anybody spoken to their neighborhood squirrel about #Bitcoin?

Much better as a store of wealth than nuts in a telephone pole.

I used to think stocks are the best investment

I used to think inflation is a good thing

I used to think the tax code was fair

I used to think the financial system was designed to help us rather than hurt us

As I'm presented with new information, I change my mind, as anyone should

The fiat currency system is designed to keep the working class working forever

The wealthy get many advantages that the poor don't, just because they have more money

This is why #Bitcoin    will change the world

#BTC    is fair money that gives EVERYONE the same property rights and level of freedom

Government-issued currencies are the root cause for so many of society's problems

#Bitcoin    is the solution

Here's what putting in the time to understand the financial industry taught me about money over the last 10 years:

Uber has no cars.

Airbnb has no hotels.

Banks have no money.

This is the new economy 🤣🤣

Government-issued currencies are the root cause for so many of society's problems

#Bitcoin    is the solution

Here's what putting in the time to understand the financial industry taught me about money over the last 10 years:

Conclusion:

Study money. Learn how #Bitcoin    works.

Bitcoin is the best form of money we have.

In a few hundred years, people will look back and wonder how we got scammed by governments to use paper to store our wealth.

That's it for this thread.

If you found value here, make sure you follow me 👉

@rajatsonifnance

If you want more content, subscribe to my newsletter: http://rajatsonifinance.com

Thanks for reading!

Fiat currencies are the only assets in the world that are not attached to economic reality because they can be printed out of thin air.

Think about it.

You work harder every single day but you can afford fewer things...

Does that make any sense?

#Bitcoin is the way out.

Everyone should own at least a little.

Seed oils are in almost every high time preference food 🤯🤯🤯🤯

Studying #Bitcoin    makes you question everything about the world around you.