#Bitcoin    has now achieved a new all time high in US Dollars!
#Bitcoin    has now achieved a new all time high in US Dollars!
#Bitcoin    has now achieved a new all time high in US Dollars!
$IBIT is almost at $300,000,000 in volume within 15 minutes of the stock market opening.
#Bitcoin
It would be nice to see a new all-time high for #Bitcoin   in USD, but my time preference is low so I would be happy if the price dropped 80% from here.
This is not very likely, but if it happens I'd use the opportunity to get a lot more.
$680 now.
The chance for you to buy a million Sats (0.01 #Bitcoin) for under $1,000 is running out.
Stop waiting.
#Bitcoin haters:
What would make you change your mind?
Price level, specific events, etc.
What would make you say that Bitcoin is valuable?
Remember this?
Remember this?
#Bitcoin    will reach $1m because the US Dollar is worthless paper that can be printed at will
Hyperinflation is unavoidable for all fiat currencies (including euros, yuan, and dollars) because of greed and monetary debasement
It's not a matter of IF, but WHEN
Most investors are gambling.
They can't tell you anything about the supply or demand for the asset they own in 2040, let alone tomorrow.
Their decisions are based on past results. Nobody knows what will happen in the future when it comes to real estate and equities.
More houses can be built. Real estate can be destroyed (weather-related, wildfires, war). Interest rates can go up, forcing house prices down.
More stocks can be issued. Companies can go bankrupt. Taxes can go up or customers can leave, making a previously profitable company no longer a great investment.
This is why I think #Bitcoin    is not an investment - it's a savings vehicle.
The supply of #BTC    is guaranteed to never change.
My prediction of Bitcoin's value increasing over time is based on my knowledge that Bitcoin's supply is finite and humans will always value scarcity.
With Bitcoin, I know how much will be produced every year until 2140 when all 20,999,999.9975553 BTC are mined.
I know that, in April 2024, the number of BTC issued every 10 minutes will decrease from 6.25 to 3.125.
I know it will take 36 years to mine the last BTC.
I know exactly how much the current supply is because I can audit it using a basic computer.
Saving is supposed to be a way to guarantee that what you have will be there when you need it.
The transparency that the Bitcoin blockchain provides is a HUGE incentive for savers.
I feel bad for
@PeterSchiff
The US Dollar financial system is a religion that's falling apart
People are figuring out that money can't be backed by trust
As they figure this out they move to other goods as a store of value
Smart money used to buy real estate and stocks
Now smart money is buying #Bitcoin
You should care that the price of your #realestate portfolio is dropping in market value in terms of #Bitcoin
Why?
Because eventually, you'll be collecting rent and paying your bills in #BTC
You will be collecting ~100,000 Satoshis OR LESS (0.001 BTC) in rent per month.
Today, you can sell the house and buy 6+ BTC.
6 BTC would be something like 6,000 months of cash flow (or 500 years of rental income) when the price of 1 BTC is 2,000,000 USD.
The supply of homes will continue to rise.
The supply of Bitcoin is fixed at 21M.
Put in the time to understand this and you will be ahead of 99% of people.
#Bitcoin    has reached a new all-time high in terms of market cap at $1.306 trillion!
Market Capitalization: total circulating supply X market price
The last all-time high for market cap was set, in November 2021, when there were ~18.86M #BTC    in circulation and the price was ~69,000.
MC: $1.301 trillion
There are currently ~19.64M BTC in circulation and the price was ~$66,500 just a few minutes ago
MC: $1.306 trillion
IBIT has almost reached its average daily volume IN THE FIRST HOUR OF TRADING.
This is insane.
IMO demand will keep rising until #Bitcoin ETFs have more daily volume than SPY.
Blackrock's #Bitcoin    ETF, $IBIT, now holds 164,501 #BTC   , up 3,236 from Thursday.
Blackrock now holds 0.78% of the total supply of BTC.
900 BTC are issued per day. In April this will drop to 450.
Blackrock clients bought almost 3.5x the newly issued supply on Friday!
I spoke to a client yesterday who had ZERO allocation to #Bitcoin   , but she had a $6M real estate portfolio.
There are a lot of retail investors who are only investing in stocks and real estate because they feel comfortable with their portfolio holding assets that are tried and true.
Leave your comfort zone and look at what's playing out right in front of you.
Over the next few decades, real estate and stocks will be devalued by 99%+ when priced in Bitcoin.
If you don't understand the technology, that's fine - let's think of it another way:
Bitcoin's market cap is $1.25 trillion right now, and stocks and real estate are worth ~$400 trillion.
Which one do you think is more likely to double in market value?
Is it more likely for Bitcoin to go to $2.5 trillion or stocks and real estate to go to $800 trillion?
In the time that Bitcoin's price doubles, we will probably see stocks and real estate rise by 5-10%.
When Bitcoin reaches six figures, we will see FOMO at levels that we've never seen before.
We will see more people selling their stocks and real estate for bitcoin.
You can also look at Bitcoin as insurance on the legacy financial system.
It's the only asset that doesn't rely on trust in human beings.
Bitcoin's economic schedule has been predetermined and there are never going to be more than 21 million coins.
You can buy one of these coins today for ~$65,000.
This is less than the price of a house in most (if not all) developed countries!
Rich people own hundreds or even thousands of houses.
Houses can be built when there is demand.
You don't think the wealthiest individuals are willing to sell one of their houses to buy 10 #BTF as a hedge on their portfolio?
If you don't understand this asset, and you're making excuses like "this has no utility, and the price doesn't matter - it's going to 0" - you're being stupid and you will be left behind.
You're going to see your wealth rapidly disappear.
You NEED, at the very least, a small allocation to Bitcoin to protect yourself against a collapse of the financial system.
If you have zero allocation to Bitcoin, you will have a much lower net worth in Bitcoin terms within the next 10 years.
Don't do this to yourself.
Don't do this to your children.
Don't do this to your grandchildren.
The legacy financial system relies on trust to survive and that trust is slowly fading away.
Bitcoin is insurance on this trust completely disappearing.
A lot of very wealthy people still have no allocation and they will ignore this asset until It reaches much higher levels.
Get ahead of the curve.
You don't need to allocate 100% of your portfolio to Bitcoin - you can start very small.
A 1% allocation would be perfect for most people.
For example, if you have a $1M portfolio, you should have at least $10,000 of BTC.
Over the next 30 years, if real estate IS devalued by 99% in terms of Bitcoin, you can use the proceeds from your Bitcoin to buy multiple houses for your children/grandchildren.
Don't be arrogant.
Think about the future.
Stop thinking about what worked in the past.
Things change.
They will always change.
Be on the right side of this change.
Do you really think that someone with 100 or even 1,000+ properties won't sell a few of them to exchange them for Bitcoin in the next 10 years?
"Wealth is built through concentration and kept through diversification."
If you have an extremely high net worth, this is your sign to diversify AT LEAST a small part of your portfolio into Bitcoin.
Don't worry about the volatility; focus on the potential benefits of self-sovereign money.
#Bitcoin    has reached $65,000!
This is the highest price since November 2021.
This time, ETFs have been approved, the halving hasn't even happened yet, and a lot more people are paying attention.
We could see a new USD high, potentially as early as the end of this week 
Once you understand #Bitcoin   , investing in other assets doesn't make sense anymore.