Microsoft is about to put bitcoin on their balance sheet... and people are gambling in shitcoins
the gold spot etf was approved, and began trading in 2004, in the US. while doubling gold production, and having the great financial crisis, the 2,000 year old asset did a 4x in 7 years. bitcoin spot etf's were approved this January. bitcoin is less than 20 years old, barely understood or adopted by most... there was a halving of the supply this year, and will be 2 more in its first 8 years of trading... if it performs on par with gold, that's a 1.4m$ bitcoin by 2029. image
if your shoes don't have holes in them. you are short bitcoin
Here's an abstract thought. When is the last time there was a new global reserve currency? Hard to imagine a future that you don't live in. Our whole world revolves around government mandated fiat currency. That day will end, like it has every single time throughout history. Bitcoin as global reserve currency doesn't force trade deficits, and other fiat related issues. The dollar has lost over 90% of its value over the last 40 years. Bitcoin is up over 1 million percent against the dollar. Pricing your life in the next global reserve currency, sounds crazy... But it's just early. ๐Ÿค™๐Ÿงก๐Ÿ’ช
The way I think of it.... People looking at cash flows, are looking to gain more of the dying currency. Can you imagine trying to "cash flow" seashell stock piles before gold became the new currency? People opting into gold instead of "cash flowing" sea shells, ended up way ahead. bitcoin is the next reserve currency, cash flowing fiat is a hamster wheel that is unsustainable.
1 ZH/s 2024! image
thoughts on real estate: 1.) As a land lord you aren't producing anything 2.) As a landlord you are dependent on 3+ (probably 5+) other people's work in order to profit from that ponzi. 3.) Real estate people are measuring in dollars.... the dollar is about to lose global reserve currency status and the dollar and everything else are about to be priced in the new global reserve currency (bitcoin) No shitcoin is global, or decentralized. They all have ceo's, headquarters.... they are like intranets where bitcoin is like the internet.
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announcement: dear shitcoiners, freedom > (is greater) than fiat gains "bitcoin or slavery" -Nico shitcoins are helping build out dystopian, Orwellian technology. Digital ID's, social credit score systems, and CBDC's are being worked on by shitcoin corporations, colluding with governments and corrupt politicians. bitcoin fixes this. fix the money, fix the world. p.s. Proof-of-work is the innovation and 1 ZH/s 2024 is coming. ๐Ÿš€
if you are not married, and did not get a girlfriend in the bear market..... you are highly likely going to be sought out by sat diggers. you missed your chance ๐Ÿซ