Larry Fink, Blackrock's CEO, said:
"We see Bitcoin as digital gold"
and
"Bitcoin is a flight to quality"
And yet you still think it's a scam?
Most people can't wrap their head around scarcity
Most people can't wrap their head around compounding
That's why #Bitcoin is so difficult to understand
We are never going back to a gold standard.
If we do, it'll be because modern society was wiped out.
We will have MUCH more important things to worry about than money in that situation (eg. food and security).
If you want financial freedom, learn about #Bitcoin
If you want to give your children a better life, learn about #Bitcoin
If you don't trust your government, learn about #Bitcoin
If you can't afford a house, learn about #Bitcoin
The worst-case scenario for most people is #Bitcoin going to $100K, then $250K, then $500K, then $1M+.
There is so much money on the sidelines "waiting for a dip" that we can't even get below $68.5k.
You need to understand that MOST PEOPLE HAVE NO ALLOCATION.
This is game theory playing out - everyone is trying to predict everyone else's next move... and retail investors will be the ones who make the worst decisions here.
STOP WAITING TO BUY IF YOU HAVE CASH SET ASIDE. You will be able to buy less Bitcoin each week/month/year for a very long time.
Learn about #Bitcoin - it can't be stopped.
Understanding #Bitcoin requires that you put facts over your feelings.
Every government-issued currency has failed in the past due to greed and excessive supply.
Every government-issued currency WILL fail in the future due to greed and excessive supply - including the US dollar.
Bitcoin fixes this by being a form of money that governments have no control over.
Government-issued currencies can be created at will, with no upfront effort or energy expenditure.
They separate work from compensation; the producers can get paid without doing anything.
The incentives in the current system are broken and reward a lack of effort.
You can simply own assets that other people want (like homes) and your government will print as much money as it wants to support your asset.
Anyone who can afford rental properties gets tax benefits, can borrow money at very cheap interest rates, and can collect rent even if they do nothing productive.
In this broken system, employees (people who put in the effort required to make products and services) are taxed the most and are the ones who suffer the most.
Bitcoin takes money out of the hands of governments and banks.
Funding political agendas will require a thorough analysis of opportunity cost on a Bitcoin standard.
Since the network is decentralized (no individual or institution has control over it), the protocol cannot be manipulated to issue more currency to one group of people over the other.
The supply of Bitcoin is limited and the network requires an expenditure of energy to create more currency.
We are so used to a world that is dominated by broken money.
Issues like poverty, wealth gaps, the current housing crisis, and starvation can all be avoided when politicians don't get to steer the world in whichever direction they like.
Study Bitcoin!
#Bitcoin is the world's fastest growing payment network.
Please don't ignore this - most people are. You are still early.
Don't blindly say "it's worthless" without doing any research.
#Bitcoin will never be replaced
All other coins will fight to be #2
And they will continue to be dethroned forever by some newer, faster, scammier shitcoin
"Bitcoin is the next Bitcoin" -
@mattkratter
This is one of the dumbest arguments against #Bitcoin
"The economy will grind to a halt"
No, it won't
Will people suddenly stop eating, entertaining their family and friends, or needing shelter?
Markets don't just "grind to a halt"
Prices drop to a point where we find the equilibrium price between buyers and sellers.
This is a GOOD thing.
Unfortunately, too many people are brainwashed by the legacy financial system to think inflation is good for them 😂😂😂😂
Blackrock's #Bitcoin ETF, IBIT, now holds 215,625 #BTC , up 11,871 from yesterday.
Blackrock now OFFICIALLY holds OVER 1% of the total supply of BTC, with its total assets valued at $15.4 billion.
900 BTC are issued per day. In April this will drop to 450.
Blackrock clients bought 13x the newly issued supply yesterday.
You won't understand why #Bitcoin is valuable, until you put in the work to understand that the traditional financial system is designed to steal from you.
#Bitcoin is a paradigm shift.
It challenges everything you know about money, personal finance, and building wealth.
If you don't put in the time to understand it, you won't understand it... It's as simple as that.
Almost everyone who says #Bitcoin is a scam is financially illiterate
Increase income, decrease expenses, stack #Bitcoin with the difference.
#Bitcoin's price going up is a sign that more people are figuring out that fiat currencies are a scam.
Instead of complaining about rising prices
You should cut back on having needs
Follow for more personal finance tips that actually work
First they tax mining
Then they will complain when #Bitcoin moves away from the US
🤡
"who gives you the right to have money that does not lose purchasing power"?
Sounds like something
@JustinTrudeau
and
@cafreeland
would say 😂😂😂😂
#Bitcoin
"who gives you the right to have money that does not lose purchasing power"?
Sounds like something
@JustinTrudeau
and
@cafreeland
would say 😂😂😂😂
#Bitcoin