fuck that shit

nostr:note1knh04ezg0s5xz5pt00zm20xcw6fr8fgqu3szzulzmsdn5ynxxqcqejuctz

Bitcoin has now been working and trading for 15 full calendar years. It's time to see how it's doing and run some numbers.

On Jan 1, 2010, there were 1,624,000 bitcoin in circulation trading at around $0.001 each. The total market capitalization of bitcoin was ~$1,624.

On Dec 31, 2024, there were 19.803 million bitcoin trading at around $93,389 each, for a total market capitalization of $1.85 trillion.

In total over the 15 years, the size of bitcoin cash balances has increased by 110,400,000,000,000%, or around 110 billion percent.

If, during the next 15 years, bitcoin grows at only 1 ten millionth of its growth rate over the last 15 years, it grows to a total market cap of around $210 trillion, making it larger than all the world's fiat currencies and government bonds combined.

In such a world, a government may be able to keep its shitcoin alive if it doesn't inflate its supply too much (a big if, and an even bigger may). Whether they do or do not is largely inconsequential, because either way, inflation won't be able to touch the majority of the world's wealth.

Any bitcoin bearish thesis needs to present a coherent explanation for why bitcoin's next 15 years are going to have a growth rate that is significantly lower than a ten millionth of the rate of the past 15 years. Don't expect to hear one from people who get paid from the inflation bitcoin will kill.

Happy 2025!

Fiat is over if you want it!

Happy new year friends on #nostr 🎆

I’m zapping every comment on this note ⚡️

Man winters are the worst. I need to be spending Jan and Feb somewhere warm from here on out

FINANCIAL GRAVITY:

If we divide the performance of the S&P 500 by the Fed’s Balance Sheet since the GFC, the LINE IS FLAT.

This means that there has been basically NO REAL growth in stock prices since 2008- with the only rise in prices due to money printing.

The correlation coefficient between central bank quantitative easing and the price of stock indexes is nearly 1.

The money printed by the Fed, because of the structure of the Open Market Operations, is plugged directly into the Treasury markets, and from there, flows into equities and derivatives.

This has served to primarily enrich the asset owners, financial institutions, and wealthy elites who own the majority of the stock market anyways.

The entire rally has been an illusion, financed by the Fed and maintained through QE.

In the black expanse of space, many things are not what they seem.

Wait until our car windshields are AR that fill in the billboards with ads targeted at the driver.

Got enough billboards?

Bullion silver is a shitcoin. Change my mind…