The rich get richer, while the poor get poorer, simply because the rich work to acquire & hold assets, while the poor work to acquire & spend fiat currencies.
What are your Valentine's Day evening plans?
Mine are to get my ass handed to me in sparring 😂
Buying cRaPtOs and memecoins is nihilistic behaviour.
Saving in Bitcoin is being hopeful for a better future.
Which way, anon?
Friendly reminder that Bitcoin IOUs are NOT Bitcoin.
The closing price of Bitcoin 10 years ago on Valentine's Day was $257.32.
Were the flowers, chocolates, and dinner you bought back then worth $98,500?
If that lady is still with you and still brings you peace and joy, I’d say they were.
Visual representation of Modern Monetary Theory (MMT)
Anyone advocating for net zero and people using less energy is part of an anti-human death cult.
The UK national debt stands at a staggering £2.72 trillion, with annual interest payments of £71.06 billion.
That means the average interest rate on the debt is ~2.61%.
Given the Debt/GDP ratio of 126.41% and an interest rate of 2.61%, this debt is growing organically by 3.30% each year.
For all of 2024, the UK economy grew 0.8%.
Is the UK's debt sustainable?
I'll let you be the judge of that.
The US national debt stands at a staggering $36.47 trillion, with annual interest payments of $1.08 trillion.
That means the average interest rate on the debt is ~2.97%.
Given the Debt/GDP ratio of 122.92% and an interest rate of 2.97%, this debt is growing organically by 3.65% each year.
For all of 2024, the economy grew 2.5%, down from 3.2% in 2023.
In a debt-based monetary system, those who use debt to acquire scarce and desirable assets will far outpace those who refuse to use debt productively.
Some people use debt to purchase liabilities and enslave themselves in the process.
Other people use debt to buy assets that grow in purchasing power much, MUCH more than the interest on the debt—helping them achieve financial freedom.
Debt is just a tool, and it all depends on how you use it.
Today, a guy at the gym whom I often spar with told me he's going to see properties tomorrow.
He said he wants to get on the property ladder.
I told him that's cool and wished him good luck.
I didn’t mention Bitcoin or trash real estate.
I’m not trying to be that obnoxious Bitcoiner.
At the end of the day, I don't know people's motivations for why they want to buy a property and I'd rather not assume.
But if he ever asks for my opinion, I’m happy to help.
It's not enough to just save in Bitcoin.
You need to understand what it is that you're saving in.
Without having a good understanding of Bitcoin, you can't build the conviction required to save in and hold for a minimum of 4 years.
Here's the harsh truth about Bitcoin.
We like to say and believe that it's for everyone, but it's not.
Bitcoin is for net-producing individuals and businesses.
If you are spending more than you're making, Bitcoin is not for you.
Fix your fiscal & financial situation, before dreaming about benefiting from Bitcoin's gains.
Bitcoin will literally overtake gold’s market cap, and critics will still call it a scam.
Stop wasting your time on these kinds of people.
Remember what Satoshi said:
“If you don’t believe me or don’t get it, I don’t have time to try to convince you. Sorry.”
Everyone wants the gains in purchasing power Bitcoin offers, but very few are ready to do the work of saving and holding for 4+ years.
If you're not ready to do the work, don't expect to receive the rewards.
That which you tax you disincentivise
If you're new to this space and you still believe that you need to buy a whole Bitcoin at a time, here's the reality.
1 BTC = 100 million sats
the same way
1 USD = 100 cents
That means you can buy fractions of a BTC called sats.
nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 let's you buy 1 penny worth of BTC at a time.
I'm not aware of another Bitcoin-only platform that allows that.
So don't be discouraged by the ~$95,000 price per BTC.
You can start saving with as little as possible and begin benefiting from the same purchasing power as those who buy tens of thousands, millions, or billions at a time.
My bull case for the next 10 years is that Bitcoin will achieve a CAGR of 45%.
If you currently hold $100,000 worth of BTC, here’s how your purchasing power could grow:
Year 1: $145,000 (+$45,000)
Year 2: $210,250 (+$65,250)
Year 3: $304,863 (+$94,613)
Year 4: $442,050 (+$137,187)
Year 5: $640,973 (+$198,923)
Year 6: $928,413 (+$287,440)
Year 7: $1,347,195 (+$418,782)
Year 8: $1,950,417 (+$603,222)
Year 9: $2,827,104 (+$876,687)
Year 10: $4,106,296 (+$1,279,192)
My base case for the next 10 years is that Bitcoin will achieve a CAGR of 35%.
If you currently hold $100,000 worth of BTC, here’s how your purchasing power could grow:
Year 1: $135,000 (+$35,000)
Year 2: $182,250 (+$47,250)
Year 3: $246,037 (+$63,787)
Year 4: $332,150 (+$86,113)
Year 5: $448,402 (+$116,252)
Year 6: $605,368 (+$156,966)
Year 7: $816,245 (+$210,877)
Year 8: $1,102,930 (+$286,685)
Year 9: $1,487,954 (+$385,024)
Year 10: $2,008,738 (+$520,784)