Believing in and trusting the "full faith and credit of the United States government" is increasingly difficult for me.
Thankfully, for skeptics like me, there's #Bitcoin.
Epoch 5 game plan:
- Head down
- Work hard
- Stack sats
Almost anyone can (and should?) do this.
#Bitcoin
Government fiat currency is legalized cheating.
#Bitcoin is monetary truth.
Hodling #bitcoin makes you a more discerning consumer and investor.
On a bitcoin standard, prices continually decrease over time while quality actually improves.
Imagine that.
Forget the “dual mandate.”
The Federal Reserve is the buyer of last resort of US government debt. Full stop.
In all seriousness, if you are a business owner or CEO, you need a Chief Bitcoin Officer.
Jack gets it.
GM.
Almost everyone is underestimating the geopolitical implications of #Bitcoin.
The next 5-10 centuries will be very different from the last 5-10 centuries.
We are living through a transition point, but it is difficult to perceive from within.
Since 2009, #Bitcoin is pre-programmed monetary policy.
We've known since 2009 that the block subsidy would decrease from 6.25 bitcoins to 3.125 bitcoins at block 840,000.
We know--beyond a shadow of a doubt--that the next halving will occur at block 1,050,000.
Can any government or central banker say the same about their monetary policy? How about the monetary policy 10 years from now?
It's laughable, obviously... and tragic.
#Bitcoin is the antithesis of government fiat currency.
It is better money for a better world.
It is (purchasing) power to the people.
- The wheel
- Electricity
- Indoor plumbing
- The internal combustion engine
- The airplane
- The internet
- #Bitcoin
World-changing, humanity-improving inventions/discoveries.
Let's see if Grandpa #Bitcoin is still virile enough to go on yet another parabolic run over the next 18 months or so, post-halving.
I'm guessing he can still get it done... surprising even many bulls to the upside in 2024-25.
Slowly at first, then face-melting.
Happy Halving Day!
#Bitcoin
Prior to #Bitcoin, the mythical golden goose existed only in fairy tales.
On the eve of the 4th Halving, probably less than 1% of the world’s population understands this.
Quick back of the envelope math for US Net Liquidity over the past week (April 10-17):
Fed Balance Sheet: -$33B
TGA: -$92B
ORR: +$5B
Net: ~$120B liquidity contraction.
All else equal, this is net negative for US based risk assets.
Them: “So you really like #Bitcoin, eh?”
Me: “You could say that.”
Them (with a snarky grin): “How much of your savings do you use to buy bitcoin, on average?”
Me: “Bitcoin is my savings.”
Them: “lol… wut?”
Me: “lol”
Speculation and prediction can be fun, but is generally an unproductive waste of time.
Here’s my best #Bitcoin-related life advice:
- Head down
- Work hard
- Stack sats
- Treat your bitcoin as the world’s greatest savings technology… not as a trade or even as an investment.
GM.
#Bitcoin is energy money.
And this, of course, changes everything.
GM.
(Purchasing) Power to the People.
#Bitcoin