Balaji Srinivasan on #bitcoin and #nostr

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GN 🌖PV 🤙 to the #Nostr.

GFY 😝 to the not-str.

Good morning friends ☀️

I'm a 100% nostr, because all the other platforms are fiat driven.

Fiat minded driven. I also don't wanna hear about stocks and alt coins.

Solo mining?

The most important thing with the #Bitcoin ETFs that most people seem to miss is the rate of accumulation.

The last few $MSTR mega-stacks (over 10k BTC) were 14.6k and 16.1k BTC.

IBIT’s average stack is ˜$200M/day or 4.7k BTC.

FBTC’s average stack is ˜$175M/day or 4.2k BTC.

So every 2 trading days, just 2 of the New Nine are hoovering up what MSTR does in a good month.

But more importantly, the IBIT/FBTC intake is ˜9k BTC a trading day. Mining only supplies 900 a day. So demand from 2 ETFs alone is 10x supply. Supply is going to get cut in half in less than 3 months, which means this demand will be 20x supply.

And this demand is just 2 ETFs. Don’t forget MSTR, Tether, and many more corps are also accumulating, along with nation-states, HNWIs, and plebs.

Plan accordingly.

Fucked up my leg pretty bad in sparring..

Now on frozen steak therapy 🫡

Everyone was warned.

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#footstr

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I only ever used Skype a few times. I disliked it before and I hate Teams now.