The supply of dollars is unlimited

The supply of #Bitcoin is limited

Dollars are programmed to lose value forever when priced in everything else

Bitcoin is programmed to rise in value forever when priced in everything else

If you can't wrap your head around this, you need to do more work to figure out how fiat currencies work

Once you see it, you can't unsee it

I will keep telling everyone about Bitcoin forever, or until it can no longer be exchanged for fiat currencies

If the dollar never dies, we will eventually see a $1M, $10M, $100M, $1B, $10B, and $100B Bitcoin

The market cap will be higher than the total number of dollars in existence BECAUSE price is determined based on the most recent trade

As more coins are locked away forever... fewer coins are available to be bought... and anyone with no exposure will have to pay more for every coin they buy

There are only 21M #BTC and there are 60M millionaires

The growth may seem slow right now, but eventually, a 10% increase in price will be $1M+

A 100% increase in price will be $10M+

I don't care if you think I'm being ridiculous with these numbers

It just means you don't know that the US government will print more money FOREVER

The supply of dollars will increase by orders of magnitude - we will see the US national debt at $100 trillion, then $1 quadrillion in no time

If you're arrogant and don't want to research to understand Bitcoin, you will be a slave to the fiat currency financial system until the day you die

The US government will eventually borrow USD to buy #bitcoin       if it isn't already

In a few decades, the debt will be worth next to nothing compared to the value of the Bitcoin it will own

1 sat will be $0.01 sooner than people think.

That would mean 1 #BTC = $1M.

#Bitcoin

Done for the day....

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Good trades https://m.primal.net/HlSw.webp = Good profits. TG : @Rajatsonitrades

Joe Biden wants to tax billionaires 25%.

He says it would raise $400 Billion over the next 10 years.

He forgot to mention something important though:

The US government's problem ISN'T related to income (it just borrows more whenever it needs).

The problem is SPENDING.

The US government is adding $1-3 trillion to its debt EVERY YEAR.

It pays $1 TRILLION in interest alone each year.

Taxing billionaires will make absolutely no difference, other than leading to a flight of capital to other tax-friendly countries.

When billionaires are taxed, do you think the US government will just randomly stop spending more than it earns?

This seems more like a way to get more votes than anything by appeasing the people who don't understand finance.

$400B is NOTHING when it comes to how much the US government is spending.

At some point, instead of "tax the billionaires," we will see a new narrative forming:

"Tax the millionaires"

Then: "Tax the thousandaires"

Then: "Let's just keep everything."

People think #Bitcoin won't be adopted because it's hard to use.

And yet they use the current financial system but they don't understand it.

We are still early.

Bitcoin will become easier to use and the experience will become smoother with time.

This is how technology works.

I think today will be another record day for volume for $IBIT

In the first 45 minutes of trading, it has more than $500M of volume

Everyone is expecting multiple 30% drops in #Bitcoin   's price this bull run because it always happened in the past.

What if this time is different?

What if we get multiple 15% dips and the people waiting on the sidelines just never get the prices they want?

Bitcoin ETFs may change EVERYTHING going forward.

#Bitcoin is the biggest wealth transfer that will ever happen, and we are experiencing it happen in front of our eyes.

If you ignore Bitcoin today and you are broke in 30 years, you have nobody to blame but yourself.

So many leveraged #Bitcoin long positions destroyed

Shorts next?

Blackrock is using #Bitcoin to grow its business, just as any capitalist should.

The people who don't understand what's happening are still complaining about Bitcoin using too much energy or being a Ponzi scheme.

One of the main reasons why you can't afford a house:

The wealthy (people like

@DaveRamsey

) use homes as savings accounts.

You are their cash flow.

As they buy more houses than they need, the market price of real estate rises.

Dave owns THOUSANDS OF RENTALS.

#Bitcoin    takes attention away from real estate as an investment/savings vehicle.

People like Dave want you to stay away from Bitcoin so you keep working hard to buy real estate, because you are his exit liquidity.

You start focusing on Bitcoin = decreased demand for RE = prices go down = Dave's portfolio suffers

Do you get it yet?

So accurate 😂😂😂

On a #Bitcoin standard, we will see:

1) Cheaper housing

2) Fewer wars

3) Healthier food

4) Fewer monopolies

5) The cost of living becoming deflationary

$IBIT had almost $4 billion in volume today.

Some crazy numbers.

Today was one of the highest volume days since #Bitcoin ETFs were launched.

If you think "Blockchain is important but #Bitcoin    isn't"

You're just a shitcoiner trying to sound smart 😂😂😂😂

Blockchain technology existed since 1982

There was no use for it until Satoshi Nakamoto discovered Bitcoin

#Bitcoin ETFs are going to unintentionally break the global financial system 😂

1) ETFs are managed funds that hold #BTC

2) ETFs are making Bitcoin easily accessible to everyone with a brokerage account

3) Easier access = rising interest in the asset

Here's how I think things will play out:

(Of course, this may not happen, it's just an educated guess based on an understanding of how fiat works and how Bitcoin works. Nobody is an expert, so I could be wrong!)

As interest in Bitcoin grows, the price rises, redistributing wealth from legacy assets to the Bitcoin holders.

The people who owned Bitcoin pre-ETF are now getting wealthier and can spend the wealth they accumulated by being early.

This is going to increase demand for goods, meaning inflation will get worse.

Rising inflation will push the Federal Reserve to raise rates EVEN MORE.

As the Fed raises rates, it incentivizes businesses to keep their money idle to earn interest instead of investing it.

This will lead to even less production and more inflation (demand keeps increasing but supply doesn't)...

The Federal Reserve can raise rates all it wants, but it won't have the intended effect.

It will just move even more capital from the legacy financial system to Bitcoin because of the supply certainty (it has a pre-determined supply schedule) and debasement resistance (it can't be printed at will).

If the Fed chooses to decrease rates from here, it will lead to even MORE interest in Bitcoin as market participants try to find a way out of holding dollars.

You can buy any amount of Bitcoin without having to take on debt.

This is unlike real estate, which is negatively impacted by interest rates (since prices are so high that EVERYONE needs to borrow to buy a house).

If rates increase, demand for real estate as an investment drops (it becomes less profitable), and Bitcoin's price rises even further.

The current financial system relies on market participants to borrow money and pay interest so it can continue operating.

If Bitcoin holders want real estate, they can exchange their asset directly for a home, allowing them to completely avoid the banking system if interest rates are too high.

If interest rates are increased from where they are today (to reduce demand and control inflation), it puts the US government's bonds at risk - the US government will need to borrow MORE money to pay the interest on its debts.

If interest rates stay stagnant or are reduced, it puts the US dollar at risk.

This spiral will continue until Bitcoin is the dominant form of savings for the majority of people/countries/businesses.

I think this will take 10-20 years to play out, but who knows - it could happen a lot quicker.

Thoughts?

Artificial intelligence is changing the game when it comes to improving workflow and productivity.

This is just another example of how these tools continue to improve and innovate over time.

Tell me what you think!

Blackrock clients are RAMPING UP their purchases of #Bitcoin.

Blackrock's Bitcoin ETF, $IBIT, now holds 223,645 #BTC         , up 8,020 from yesterday.

Blackrock now holds 1.06% of the total supply of BTC, with its total assets valued at $16.4 billion.

900 BTC are issued per day. In April this will drop to 450.

Blackrock clients bought 9x the newly issued supply yesterday.