Custody your own coins. Be your own bank. Don’t let them fractional reserve bitcoin …even during the short transition.

Why does Ukraine have a bitcoin treasury? It is one of 6 countries that have disclosed bitcoin purchases / treasury position? Seems odd given the conflict centered upon it and all the global attention. Other countries listed: USA, China, UK, Bhutan, El Salvador Source: Onramp Terminal

The signal is that they’re *avoiding* #bitcoin.

Where is the supply shock?

These are simply trash terms. They have to get better. Longer duration, lower rates. I don’t know what changes … but something has to. There is no way to capitalize an operating business with these terms. The implication of these rates is that anyone who owns any physical assets generating cashflow should sell all of those assets and just buy / hold bitcoin. Which holds to the thesis but let’s stop pretending that there is another move out there. All assets are mispriced (too expensive) in bitcoin terms. Buy and hodl bitcoin until all other assets are repriced. View quoted note →

We haven’t pumped on a % basis … absolute numbers are meaningless. Exponential growth is about %s not absolutes. I’ll feel something when we’re up 20% daily a few days in a row. We need to have expectations that our “pump” means we at least head towards $300k. A face-melting pump is pushing us towards $1M. $110k is nothing…$125k is nothing…$200k is the *start* of calling a pump. View quoted note →

On April 15, after you mail in your taxes ask … you and your friends over drinks … why pay? April 15th: ‘Why Pay?’ Day

@therationalroot hey, subscriber here. A question/request about the charts on bitcoinstrategyplatform … the MVRV y-axis goes up to 30 even though the highest we’ve recently seen is ~10 … can we get the ability to change the axis (both x & y) and or will you better fit the axis so we can see the specifics around the recent data we’re looking at? Thanks.

Bitcoin replaces bonds. https://www.wsj.com/finance/investing/a-bond-selloff-is-rocking-the-world-you-might-want-to-take-the-other-side-ab1356c3

It is kinda crazy to go all the way through a cycle … you get to see the rage quits, you see the slowly developing disinterest, you see the very public blow-ups, and you see yourself from four years prior. So much learning from all the predictable outcomes…gotta stay humble and avoid being a notable outcome.