"who gives you the right to have money that does not lose purchasing power"?
Sounds like something
@JustinTrudeau
and
@cafreeland
would say 😂😂😂😂
#Bitcoin
Leveraged #Bitcoin longs (gamblers) are getting rekt because of this dip.
In legacy markets, there would be so many things preventing gamblers from being liquidated.
BLACKROCK CLIENTS ARE BUYING THE DIP
#IBIT has almost $2 billion in volume already!
#Bitcoin
Oh no!
#Bitcoin is dropping
Never mind
To all my Muslim friends who are not able to invest because interest is haram (usury):
#BITCOIN IS CONSIDERED HALAL.
Bitcoin is an asset that maintains or grows its purchasing power over time because of scarcity, not because of theft.
If 8,000 people competed for a commodity with supply limited to 21 units, how much would they pay to get their hands on each unit? Fractional units? What about multiple units?
This is the game we are playing when it comes to #Bitcoin      .
There are only ever going to be 21,000,000 #BTC      .
8,000,000,000 people (and this number will likely rise) around the world can benefit from owning some.
Now let's think of an even crazier scenario...
19 units of the good have already been sold, and 7,950 of the 8,000 people still have no idea what's going on. They haven't even realized that this good is something they can benefit from.
What happens when those 7,950 people figure it out? How much are they willing to pay to get their hands on even a fractional unit, if it improves their life significantly?
Bitcoin protects you from monetary debasement over the long term. It's a way to opt out of inflation.
What's that worth to you?
How many trillions of dollars of value are people willing to pay to protect potentially their entire lineage?
Bitcoin is infinitely divisible. There will be demand for smaller and smaller units over time. Most of the people holding Bitcoin will not sell - they will exchange it for goods and services.
Your ability to buy Bitcoin with fiat currencies is slowly disappearing. Eventually, the only available supply will be available in exchange for goods and services.
If you don't trust your government and the financial industry, you need to read this 👇
#BTC    are digital tokens issued by the #Bitcoin    software.
The Bitcoin software is just a ledger (record of transactions) of the movements of BTC from one address, which you can think of almost as an account, to another.
When you run the software, you're basically just going through the history of every transaction on the network and confirming where each token belongs.
If someone wants to send you Bitcoin, you can use your version of the ledger to verify that you received it.
Why do you need to know this?
In the legacy financial system, someone else verifies on your behalf.
We rely on financial institutions to complete all functions of banking for us.
We believe that banks are holding our money and keeping it safe.
We trust them.
In reality banks lend our money to earn a profit and increase the price of EVERYTHING.
Governments work with banks to ensure they can borrow money to further their political interests. They keep us blind to the profits that banks earn by using our money, by ensuring there's no focus on financial literacy.
You're intentionally kept in the dark about how the legacy financial system works, because if you understood that your deposits are at risk, why would you give your money to the bank for free?
Banks use your money to make your life more expensive.
Think about the last time you met someone who bought a house.
They most likely bought that house using a mortgage, and wouldn't have been able to afford the house without borrowing money from a bank first.
When banks give out mortgages, they increase the cost of housing for EVERYONE because by lending they increase immediate demand for houses.
When the cost of housing increases, so does everything else. People need to be paid more to survive, so employers have to pay higher salaries. To maintain those higher salaries, employers charge customers more for products and services.
How often do banks openly tell you that your money is being borrowed by someone else as soon as you deposit it?
I had to learn about the banking system on my own after going to school for accounting and finance, AND finishing the CFA program.
With Bitcoin, you don't have to trust a bank to make sure your money is there when you need it. You don't have to trust your government to have your back when it comes to your savings. You don't have to worry about your money being used to fund wars.
You trust your own version of the ledger, and you use incorruptible software to ensure your money is protected.
As soon as you hold your BTC in your own wallet (instead of leaving it on an exchange), nobody can take risks with or spend your savings without your permission.
Blackrock's #Bitcoin       ETF, IBIT, now holds 203,754 #BTC      , up 7,769 from yesterday.
Blackrock now holds 0.97% of the total supply of BTC, with its total assets valued at $14.7 billion.
900 BTC are issued per day. In April this will drop to 450.
Blackrock clients bought 8x the newly issued supply yesterday.
It's crazy to me that people were tagging
@CFAinstitute
on my comments, trying to get CFAI to revoke my CFA charter because I was been posting #Bitcoin content the last 6 months 😂
I was talking about something most people are scared of.
It seems like my research was correct:
- Bitcoin is outperforming everything
- Wall street has accepted it
- Now we're seeing nation states start buying it as a reserve asset
I tried my best to tell you all before it happened.
Anyone that didn't listen will buy Bitcoin at the price they deserve.
Some of the stupidest people defend Warren Buffett when I say he doesn't understand #Bitcoin
"He earns more dividends than you"
"He has built more wealth than you ever could"
That doesn't mean he knows everything
People defend the guy like he's their grandfather 🤣
A friend called me a few hours ago:
"You didn't push me hard enough to buy #Bitcoin       at $16K"
Me:
"I did... you just said you like real estate more"
Friend:
"Yeah I know, you should have pushed harder"
I knew this was coming.
I knew we were going to eventually hit an all-time high, and I said it multiple times, even with tons of hate coming my way.
Everyone who listened to my guidance and studied Bitcoin is doing much better financially right now.
I may go back to also talking about personal finance just to get back to the basics, so if you stuck around, I hope my Bitcoin content was a net positive for you!
I will also continue posting about why Bitcoin is a better investment than real estate and stocks because I enjoy it 🤣
The #Bitcoin ETFs buying 10,000+ #BTC per day is the black swan event that nobody expected
It will lead to 1 BTC being worth $1M or more
It will crush legacy markets
This is the most painful thing that can happen to the people sitting on the sidelines waiting for a dip
This is why we need #Bitcoin.
The people in control of the money are reckless.
Why save in a currency someone else can create out of thin air?
This is how I know we're early: people are still referring to historical data.
We just reached a new all-time high before the halving for the first time ever.
Maybe this time we ALSO don't see a dip before the halving?
If you're holding off on buying #Bitcoin because you think there will be a dip, you are gambling
At this point, holding fiat is the riskiest thing you can do
The price could increase by 20%+ overnight in USD terms
You don't know who's heavily buying right now
You don't know what could happen to the dollar overnight
The greatest wealth transfer is happening in front of our eyes, and most people are still arguing that Bitcoin is the same as tulips 🤣🤣🤣🤣
Millennials and Gen Z can't afford houses because their earnings haven't kept up with true inflation.
Unless you understand how the financial system puts you at a disadvantage, you will always feel like you're falling behind financially.
If you get a 2% annual raise, you're getting screwed. Your cost of living has increased 50-60% over the last 5 years, but you got a 12% raise in that period.
Where is this extra money going?
To shareholders. The wealthiest people out there are becoming wealthier because they own the companies you work for.
Your cost of living is rising because the legacy financial system has turned your life into cash flow.
Your cost of living will continue to rise until you die unless you find a solution for this problem.
The majority of people are meant to keep working forever to support the lifestyles of anybody who saves in real estate and stocks.
If you're saving in dollars, you are not saving - you are lending to the US government. Dollars are not money. They are debt.
Dollars (the debt you think you're "saving" in) can be created at will.
This creation disproportionately benefits anyone who holds stocks and real estate, because they can raise prices for their products and services to pass on THEIR inflation costs to YOU.
We are now at a point in time where the wealthy have turned houses into businesses, with your rental payments as their revenue.
YOU ARE WORKING TO SUPPORT THEIR LIFESTYLE, AND YOU CAN'T EVEN AFFORD GROCERIES.
Change the narrative.
We need to move to a form of money that can't be created at will, so we don't have to rely on real estate to save for the future.
When real estate is no longer profitable for the wealthy, they will use their savings to start actual businesses that change the world.
I don't know what will happen to the stock market at this point, but I do know that products and services will become abundant, because that'll be the only way to make money.
#Bitcoin    is the best form of money anyone can own.
It can't be stolen from you.
It can't be changed.
It will demonetize real estate and incentivize entrepreneurs to create businesses that will help the world rather than extract wealth from it.
You can buy as much or as little Bitcoin as you want.
You don't have to borrow hundreds of thousands of dollars to buy a piece of property that can preserve your wealth.
You don't have to exploit minimum wage workers so you can get a dividend.
And best of all?
There are no property taxes.
STUDY BITCOIN. YOU ARE NOT TOO LATE.
Millennials and Gen Z can't afford houses because their earnings haven't kept up with true inflation.
Unless you understand how the financial system puts you at a disadvantage, you will always feel like you're falling behind financially.
If you get a 2% annual raise, you're getting screwed. Your cost of living has increased 50-60% over the last 5 years, but you got a 12% raise in that period.
Where is this extra money going?
To shareholders. The wealthiest people out there are becoming wealthier because they own the companies you work for.
Your cost of living is rising because the legacy financial system has turned your life into cash flow.
Your cost of living will continue to rise until you die unless you find a solution for this problem.
The majority of people are meant to keep working forever to support the lifestyles of anybody who saves in real estate and stocks.
If you're saving in dollars, you are not saving - you are lending to the US government. Dollars are not money. They are debt.
Dollars (the debt you think you're "saving" in) can be created at will.
This creation disproportionately benefits anyone who holds stocks and real estate, because they can raise prices for their products and services to pass on THEIR inflation costs to YOU.
We are now at a point in time where the wealthy have turned houses into businesses, with your rental payments as their revenue.
YOU ARE WORKING TO SUPPORT THEIR LIFESTYLE, AND YOU CAN'T EVEN AFFORD GROCERIES.
Change the narrative.
We need to move to a form of money that can't be created at will, so we don't have to rely on real estate to save for the future.
When real estate is no longer profitable for the wealthy, they will use their savings to start actual businesses that change the world.
I don't know what will happen to the stock market at this point, but I do know that products and services will become abundant, because that'll be the only way to make money.
#Bitcoin    is the best form of money anyone can own.
It can't be stolen from you.
It can't be changed.
It will demonetize real estate and incentivize entrepreneurs to create businesses that will help the world rather than extract wealth from it.
You can buy as much or as little Bitcoin as you want.
You don't have to borrow hundreds of thousands of dollars to buy a piece of property that can preserve your wealth.
You don't have to exploit minimum wage workers so you can get a dividend.
And best of all?
There are no property taxes.
STUDY BITCOIN. YOU ARE NOT TOO LATE.
This is the key to success with #Bitcoin
Keep stacking, no matter how little
With time and patience, you will not regret it
If anything takes down Bitcoin, it will also take down modern society and banks
Bitcoin will be back up and running before the legacy financial system if anything DOES happen