At this point I’ve come to the unfortunate conclusion that every brave man who gave his life fighting for America died for nothing.

One of the most powerful statements Christ ever made. If you look throughout the Gospels, Christ was able to forgive people's sins directly. Yet in His crucifixion, He appealed to the father for forgiveness. This highlights the dual nature of Christ, being fully God and fully man. In His divinity, Christ had the authority to forgive sins, but in His humanity He had to implore the Father, showing that even in His weakest state, at the height of being persecuted, Christ still loved His enemies.

“Father, forgive them, for they know not what they do.” — Luke 23:34

I heard a political figure was shot, so I went to X. Nothing. No algo for anything live and breaking anymore. Came here and saw news immediately. Nostr wins.

2015–2025 SCORECARD:

- S&P 500 TR ≈ 12.1%/yr

- Gold ≈ 12.0%/yr

- Bitcoin ≈ 73.5%/yr 🚀

Stocks & gold both crushed it this decade… but BTC played a different sport.

#Bitcoin #Gold #SPX #SecularTrends

--------

A little deeper look 👀

Over the past TEN YEARS:

- S&P 500 (Total Return): ~12.1% CAGR — steady compounding, roughly tripling wealth over the decade.

- Gold: ~12.0% CAGR — unusually strong relative to its long-term 8.5% pace, reflecting crisis hedging, central bank accumulation, and fiat debasement concerns.

- Bitcoin: ~73.5% CAGR — still the order-of-magnitude standout, turning $1 into ~$265 in just 10 years, albeit with brutal drawdowns.

Nostr, what is your score? 😂

Are you old, or not? 🫢

In a world of $300T bonds and $330T real estate, Bitcoin's $2.36T is just getting started. 🚀📈 The future's bright for digital gold.

?v=1754858323

Quantum Computing is the most midwit of all talking points.

I was in Nashville 2 weeks after and that ear looked pretty good for taking a bullet 🤷‍♂️

Trump did not get shot in the ear.

If you believe that you should not be able to have children or drive a car. Or really participate in most earthly activities. You can still eat & stuff but not with sharp utensils. Mostly soups & gruel.

Only a small number to the new bitcoin treasury company "managers" actually understand bitcoin and dollar-based financial plumbing like Saylor does.

And many are literally managing billions of dollars and tens of thousands of bitcoin.

It's like giving a confident five-year old the keys to brand new Ferrari and expecting a good result.

The wheat will get separated from the chaff once the good times have ended.

Having a mental model of the world that is 20 or 30 years out of date is one of the worst things for your overall quality of life and safety.

Yet I’d estimate 90% of the people I meet fall into that category.

No, you did not miss the bitcoin train.

We are just getting started.

Just because bitcoin went up a lot does not mean it cannot go up a lot more. On the contrary, the more it goes up, the more it demonstrates product-market fit, the more likely it is to go up.

Bitcoin is different from stocks, bonds, and commodities because it has a much, much larger addressable market. Let's compare:

Apple's total addressable market is 8 billion people who can own an iphone and laptop. A lot of them already do, and a lot of them are too poor, so there's just not much more room for growth. Maybe Apple can increase by 5x, or 10x, but it would need to introduce new products that are wildly popular to do so, which is very difficult. Ultimately, an Apple stock is a claim on cashflow, and it is priced based on expectations of Apple cashflow, and it is not easy to continue to increase cashflow once you're a trillion dollar company.

But bitcoin is money, and its total addressable market is all of the planet's cash balances, which currently include something in the range of $100 Trillion in physical government cash and checking and saving bank accounts, plus ~$120 Trillion in government bonds, ~$22 Trillion in gold, and arguably, a chunk of the world's real estate and stock markets, which people are holding to beat inflation, and not to take risk in search of return. All in all, bitcoin's Total Addressable Market is in the range of $200-300 Trillion, which is about 100 times larger than what it is now. All of these assets are trash compared to bitcoin, and there is no reason for anyone intelligent to hold a significant position in them. Everything held in these assets has lost ~90% of its value against bitcoin in the last 5 years, and will likely keep losing another 90% every few years. The only things maintaining significant demand for these assets at this point are their holders' old age, intelligence deficiency, and susceptibility to government propaganda. They can continue to hold these assets as they decline, making them poorer, or they can shift to bitcoin and start getting richer. Either way, and regardless of what they do, the world's wealth is going to end up in the hard money, and not in the obsolete moneys of the twentieth century.

Bitcoin has no cashflow to price it. Most nocoiners think this makes it a ponzi, but that is only because they have never experienced real money, and only have as a frame of reference the hot potato trash fiat money which everyone smart tries to exchange for hard assets as soon as they can. They are incapable of understanding people demanding to hold money for its own sake, for its ability to hold value, and not for cashflow. This is how gold became the money of the world without generating any cash flow, and this is why bitcoin, which is infinitely better money than gold, is going to continue to monetize and grow.

Nonetheless, bitcoin's demand is highly variable, and with leverage, it will likely continue to be significantly volatile for the foreseeable future, so always keep in mind that it could decline significantly, and manage your position accordingly.

It's been awhile...

So here are more magical lines drawn on a chart... 👀

I drew this potential reverse head-and-shoulders pattern back in late May and have been watching the price action with much interest.

OPINION #1:

If the bitcoin price retests the $111k-112k region in the coming days/weeks, then buckle up for some serious upside price action.

OPINION #2:

$140k-160k would be a reasonable (and relatively quick) price target.

OPINION #3:

Don't take any of this stuff too seriously. Just stack sats and chill. 😎

--------

Regardless of the outcome--and whether or not the current business cycle extends into 1H 2026, which is interesting to consider--I wish each of you well.

Onward and upward.

The Stock Market is Closed tomorrow for Juneteenth 😑.

I have been very much appreciating your clear explanations on the Presidio Bitcoin Jam. Thank you! And to your point on the most recent episode, I run a node for exactly the reasons you give for a relatively non economic actor, to validate coins & maintain privacy. For those purposes, bitcoin core is the clear choice for me.

Run core

Can someone close to Jack Mallers please tell him to add Sats cost averaging?

I'm trying to buy 10,000 sats a week, not $10.

The wine world loves to brag.

I hear Californians flex about farming at 2000 feet in their "High Elevation" vineyards.

Meanwhile, in Argentina’s Andes, some guys are growing grapes at over 10,000 feet.

These guys don't even care to look down at the rest of us.🧵

The Calchaquí Valleys sit on the Altiplano in northern Argentina.

A dry, rugged plateau surrounded by some of the tallest mountains in the Andes.

Vineyards like Bodega Colomé’s Altura Máxima are planted at 10,500 feet, with 20,000-foot peaks towering above them.

Farming at this elevation is a different game.

In this high desert environment, all of the water comes from snowmelt, moved through simple gravity-fed ditches carved into the rock and Tractors struggle to run in the thin air so most of the work is done by hand.

How can grapes even grow at this altitude?

- They’re closer to the equator, so the sun is stronger and more consistent.

- The dry air from the Andes keeps disease pressure low.

These brutal conditions do a few things to the grapes:

- Thicker skins

- Smaller berries

- Higher natural acid

- Slow sugar development

- Deeper color and structure

The vines get battered all season long and that can be a good thing.

Most every grape varieties can't take it.

Malbec survives because it handles UV, drought, and cold nights without breaking down.

Torrontés survives because it ripens fast and keeps its aromatics even under a punishing sun.

But how different do they taste from their neighboring, low elevation counterparts?

Malbec from these heights is darker, fresher, and tighter than anything you’ll find in the lowlands.

Torrontés turns sharp, floral, and piercing. It is electric compared to a coastal white.

Of course, vineyards this high are small by nature.

Yields are low.

Most of the wine stays local.

But if you want to hunt some down, look for bottles from Bodega Colomé or Bodega Tacuil.

I grow Pinot Noir at 6000 feet, in the highest wine region in North America.

Sometimes I think what I’m doing is crazy.

But these guys put me to shame.

They’re farming grapes at elevations that match the highest mountains around me.

I really need to get my hands on a bottle from here to compare.

If you enjoyed this, I would be so thankful if you could hit me with a reNost to spread the signal here.

Cheers🍷

Reduce, declutter, simplify.