"Heads You Win, Tails You Don't Lose Much"
"$100 million for the price of one bitcoin is a MASSIVELY conservative estimate"
My better writings are here⬇️
This is insane.
This is INSANE.
This is a blatantly obvious sign of the impending doom of the U.S. Dollar and all fiat currencies.
*This is as important as anything you will read this year*
The United States Treasury issues bonds and other investment securities.
They call
US Treasury announces first treasury buy back operation since 2002 👀
The US Treasury is launching its first buyback program since 2002, scheduled to start on May 29, 2024. The program is designed to improve liquidity in the Treasury market and is expected to run through July
Watch this magic trick.
You and your friend each have $50 in a $100 total supply of money.
You each have 50% of the money.
A big bad wolf comes in, creates $100, and gives it to themselves.
There is now $200 in the supply of money.
The big bad wolf has $100, you and your
One Bitcoin is worth $63,000 today.
Let's say your yearly salary is $80,000.
You buy one full Bitcoin for $63,000.
10 years from now, it is worth $10,000,000.
You just bought 158 years of your salary for $63,000.
#Bitcoin
is time.
Do you understand that Bitcoin started at ZERO?
And is now the 13th largest currency in the world?
With practically no government supporting it?
Only people?
And isn’t stopping at 13?
Do you understand?
One Bitcoin is worth $42,500 today.
Let’s say your yearly salary is $80,000.
You buy one full bitcoin for $42,500.
10 years from now, it is worth $1,000,000.
You just bought 12.5 years of your salary for $42,500.
#Bitcoin
is time.
#Bitcoin
is the greatest asymmetric opportunity in human history.
Let’s say you own 0.01 Bitcoin (worth $615 today).
If the Bitcoin thesis plays out as predicted, Bitcoin will be the global monetary singularity.
The entire world will be united on a
#Bitcoin
standard.
This
Watch this.
In 2023, you worked 40 hours a week and made $100,000 for the year.
You saved all $100,000 and kept it in the USD.
At 2% annual inflation (the mandated rate by the Federal Reserve), your money becomes worth $98,000 next year.
After 35 years, that original $100,000
Watch this.
In 2023, you worked 40 hours a week and made $100,000 for the year.
You saved all $100,000 and kept it in the USD.
At 2% annual inflation (the mandated rate by the Federal Reserve), your money becomes worth $98,000 next year.
After 35 years, that original $100,000
Do you understand that Bitcoin started at ZERO?
And is now the 13th largest currency in the world?
With practically no government supporting it?
Only people?
And isn’t stopping at 13?
Do you understand?
Michael Saylor does not fully understand Bitcoin.
He continues to judge the new system (Bitcoin) within the old system (the USD).
He says Bitcoin will be worth $13 million in 2045.
But he says you should practically put all possible dollars into BTC:
“
-Convert free cash flow
#Bitcoin
is the greatest asymmetric opportunity in human history.
Let’s say you own one bitcoin.
If the Bitcoin thesis plays out as predicted, Bitcoin will be the global monetary singularity.
The entire world will be united on a
#Bitcoin
standard.
This means that everything
The government generates income as follows:
1) Taxation = stealing from the productive
2) Inflation = stealing from the poor
3) Debt = stealing from the future
And you think the government is here to help you?
#Bitcoin
is going up forever.
The computing power of the Bitcoin network does over 600 quintillion calculations per second.
Quintillion.
Per second.
One quintillion seconds was 32 billion years ago. Multiply that by 600 and you get 19.2 trillion years.
The Big Bang
MicroStrategy is not Bitcoin.
It does not have to trade at par to the value of its BTC holdings.
MicroStrategy is a company. A company with over 1% of all the wealth in the world.
That is *astronomically* significant.
MicroStrategy, down the line, will be able to leverage
Because some people think that $10 million for the price of one bitcoin is ludicrous...
It's time for a thread.
$100 million for the price of one
#Bitcoin
is a MASSIVELY conservative estimate.
Here's how:
One Bitcoin is worth $63,000 today.
Let's say your yearly salary is $80,000.
You buy one full Bitcoin for $63,000.
10 years from now, it is worth $10,000,000.
You just bought 158 years of your salary for $63,000.
#Bitcoin
is time.
The government generates income as follows:
1) Taxation = stealing from the productive
2) Inflation = stealing from the poor
3) Debt = stealing from the future
And you think the government is here to help you?
A friend texted me yesterday, "
#Bitcoin
is a volatile pipe dream that doesn't generate any consistent trust worthy returns. Say I want to buy a house in the next 5 years, how does me investing in bitcoin help?"
This was my reply:
What returns does the U.S. dollar generate? I
Let’s do some math.
I just played poker for two hours.
I profited $1,909.
I am choosing to save all of my winnings in Bitcoin.
Let’s be conservative and say that in 10 years, Bitcoin will have surpassed gold’s market cap, which would be a 15x on Bitcoin’s current price.
That
#Bitcoin
is going up forever.
The computing power of the Bitcoin network does over 600 quintillion calculations per second.
Quintillion.
One quintillion seconds was 32 billion years ago. Multiply that by 600 and you get 19.2 trillion years.
The Big Bang happened 13.8 billion
Bitcoin is laughably unstoppable.
In 2013, only four years into Bitcoin's lifespan, global Bitcoin computing power was 256 times faster than the world's top 500 supercomputers combined.
On that day in 2013, Bitcoin's network had 4.6638 petahashes of computing power.
As of
Parker is right, a fixed money supply is perfectly elastic, but let’s explain it more clearly for the Keynesians in the back.
Let’s say there are 10 bitcoins in an economy. That supply of money is fixed.
In January, those 10 bitcoins can buy 10 Ferraris, meaning the purchasing
What Keynesians principally miss about a fixed money supply and the concept of elasticity is the following: a fixed money supply is perfectly elastic. With a fixed supply (e.g. bitcoin), elasticity is increased by price. Need more money? Increase price.
You ask someone how they got rich.
They say, “I bought
#Bitcoin
in 2013.”
In 2033, someone will ask you how you got rich.
You’ll say, “I bought
#Bitcoin
in 2023.”
Do you understand how stupid it is to buy U.S. government bonds?
Remove the U.S. government title for now.
An entity is offering a bond at 5% interest every year.
That bond is saying to you, the purchaser, "We will give you your money back plus 5% more each year."
Sweet. You
Time to blow your mind.
Roughly 19.7 million bitcoins have been mined to date.
That leaves 1.3 million bitcoins left.
Which means 8,000,000,000 people are competing for the last 1,300,000 bitcoins.
That's the equivalent ratio of 6,153 people fighting for one cookie.
If the
Gaslighting is a term thrown around a lot, but nobody is gaslighting you more than the government.
The government is gaslighting you into believing that life getting 2% more expensive every year is required for a high-functioning economy.
They tell you 2% inflation is needed
The most logical
#Bitcoin
argument:
We all operate on a standard measurement of time.
Seconds, minutes, hours, etc are all the same length no matter where you go in this world.
Imagine you went to France and there were 85 seconds in a minute and 26 hours in a day, then went to
Holy sh*t Saylor just exposed himself (again).
@saylor
continues to fundamentally misunderstand Bitcoin.
LIKE HOLY SHIT READ THIS NONSENSE MICHAEL SAYLOR ACTUALLY SAID:
"If I put $100 billion into Bitcoin and I get 0% yield, that's just as bad as I have $100 billion in U.S.
Well, I didn't think that would get two million views, lol.
Many people wonder why the world is so broken right now.
If you want to understand, and solve, any problem, you have to get to the root of the issue.
Governments, aka the groups in charge of making and enforcing laws,
This is insane.
This is INSANE.
This is a blatantly obvious sign of the impending doom of the U.S. Dollar and all fiat currencies.
*This is as important as anything you will read this year*
The United States Treasury issues bonds and other investment securities.
They call
The most logical
#Bitcoin
argument:
We all operate on a standard measurement of time.
Seconds, minutes, hours, etc are all the same length no matter where you go in the world.
Imagine you went to France and there were 85 seconds in a minute and 26 hours in a day, then went to
Real estate is one of the best investments.
But only when measured in U.S. Dollars.
Price your real estate in Bitcoin and suddenly your investment doesn’t look so pretty.
Real estate is one of the best investments.
But only when measured in U.S. Dollars.
Price your real estate in Bitcoin and suddenly your investment doesn’t look so pretty.
Incoming triggered rent-seekers.
Bitcoin is the most wildly underhyped technology in the world.
There will never be a technological innovation more significant than the one that solves money for the first and only time (Bitcoin), and that is because money is connected to everything -- it is the thread running
If you held U.S. Dollars last year, you lost 13% of your money’s value.
If you held Bitcoin last year, you increased your money’s value by 156%.
What do you think any rational market participant would rather hold?
Do you see?
#Bitcoin
is coming.
Game theory: there is a group of Bitcoiners that will buy every single ounce of bitcoin available all the way down to $0.01.
They will never let
#Bitcoin
die.
Any other stock, house, crypto, people will grow in fear as price falls.
Bitcoiners cheer for lower prices.
Few.
Netflix didn't ask Blockbuster for permission.
Apple didn't ask Blackberry for permission.
Amazon didn't ask Barnes & Noble for permission.
#Bitcoin
won't ask the Government for permission.
“I will sell my bitcoin. But it’s going to be to own some type of operational asset that is providing productive value to society at the right math.”
“That’s where a lot of people get confused, because they’re like, “oh Bitcoin’s gonna go up forever…” and this is what they
"Bitcoin is too volatile!!"
If there was somehow no volatility with Bitcoin, and it only went up in price, what would happen?
Everyone would pump and pour as much money in as possible, people would take out loans, people would start throwing in leverage…
all of a sudden, a
Do you understand how stupid it is to buy U.S. government bonds?
Remove the U.S. government title for now.
An entity is offering a bond at 5% interest every year.
That bond is saying to you, the purchaser, "We will give you your money back plus 5% more each year."
Sweet. You
You are early to Bitcoin.
1 Satoshi will eventually have the same purchasing power that 1 USD has today.
There are 100 million Satoshis in one bitcoin.
When 1 Satoshi = 1 USD, that means 100 million Satoshis have the same purchasing power as 100 million USD’s.
100 million
A group of prisoners have been confined in a cavern since birth, with no knowledge of the outside world.
They are chained facing a wall, unable to turn their heads.
A fire is lit behind them, giving off a faint light. People, animals, and objects pass at the rear of the cave,
Someone is stealing from you.
Watch this magic trick.
You and your friend each have $50 in a $100 total supply of money.
You each have 50% of the money.
A big bad wolf comes in, creates $100, and gives it to themselves.
There are now $200 in the supply of money.
The big bad
“Biden forgives student loan debt.”
But what actually happens when the debt is forgiven?
Well, let’s say Johnny takes out $100,000 to go to Harvard.
He takes his four years of college, graduates, and voila, Joe Biden announces his student loan debt has been forgiven.
The bank
Let's say you own 5 bitcoins.
The only way you can "lose" money is if that number declines.
The price of those bitcoins doesn't matter, because one day
#Bitcoin
won't have a price and the only thing that will matter is how much bitcoin you have.
The quantity of bitcoin that
Unpopular opinion:
Bitcoin’s value can be accurately predicted with mathematical models.
Let’s start with the USD price of Bitcoin.
There are an infinite amount of U.S. Dollars (that’s math) chasing a finite amount of bitcoins (21 million). So the mathematically theoretical
#Bitcoin
is going up in value forever AND
#Bitcoin
solves inflation.
Send this to your friends.
Core understandings:
1) Money is the good with which we price in all other goods. Money by itself is worthless (if you had a bunch of money but couldn’t exchange it for anything, it
Always assume that the market is smarter than you (because it is).
The market is the sum-total of humanity's intelligence worldwide, you can't possibly hope to ever have that much intellect.
What is the market telling you regarding the best place to store your money?
And this
Let's say you own 3 bitcoins.
The only way you can "lose" money is if that number declines.
The price of those bitcoins doesn't matter, because one day
#Bitcoin
won't have a price and the only thing that will matter is how much bitcoin you have.
The quantity of bitcoin that
Who’s the real degenerate?
Person A: holds U.S. Dollars that lose value every year.
Person B: holds Bitcoin that grows in value every year.
Then you realize it’s not just fiat currencies, but all assets, that are losing value against BTC every year.
Who’s the degen?
Bitcoin is the most brilliant innovation in human history.
What you want in a money aligned with universal law is a money that is aligned with time and energy, because money's job in the market is to capture, store, and transfer exactly that - time and energy.
The highest
Gold transfers energy over time.
Fiat transfers energy over space.
Bitcoin transfers energy over both.
#Bitcoin
is literally just superior money. It’s not that complicated.
🚨ALERT🚨
YOUR PORTFOLIO ISN’T GOING UP, YOUR CURRENCY IS GOING DOWN.
"Put money in stocks, they always go up."
"Buy real estate, prices always go up."
Why?
Because the supply of money increases every year. More money = more money flowing into assets.
Scenario:
$100
There will be a day in your lifetime where you will be able to buy a spacious home on a nice piece of land for 0.01
#Bitcoin
A spacious home on a nice piece of land for $425 today.
I did Ayahuasca three weeks ago.
Many parts of the experience were profoundly special, but one moment was particularly noteworthy.
I was lying down on my mat, deep in this Amazonian medicine, and a word popped into my head.
“Bitcoin.”
As soon as the word first appeared, a
There will be a day in the near future where you will be able to buy a spacious home on a nice piece of land for 0.01
#Bitcoin
A spacious home on a nice piece of land for $657 today.
I have yet to see one legitimate argument against
#Bitcoin
.
I want to be proven wrong, because all I’m after is the truth.
If Bitcoin isn’t what it’s said to be, I want to know.
But Bitcoin keeps answering every argument with flawlessness.
I am yet to find a hole in Bitcoin.
A group of prisoners have been confined in a cavern since birth, with no knowledge of the outside world.
They are chained facing a wall, unable to turn their heads.
A fire is lit behind them, giving off a faint light. People, animals, and objects pass at the rear of the cave,
Have you heard the news?
The U.S. Government is running the biggest Ponzi scheme of all time.
Let’s uncover the secret.
First, what is a Ponzi scheme?
A Ponzi scheme is a fraudulent investment scheme that pays off old investors with new investor money.
For example, Steve
Bitcoin works because it uses math to capture the properties of money (divisibility, portability, scarcity, etc).
The other options for capturing those properties are either:
1) physically (gold, silver)
2) trust in central authorities (central banks, governments)
Gold failed
You have a limited amount of time and energy that you can use for providing value, so why would it make sense to have the representation of your time and energy -- your money -- be unlimited in supply?
When you store your time and energy in a form of money that is constantly
@Cole_Walmsley
But he's trying to orange pill current fiat maxi billionaires. They don't care what
#Bitcoin
will do, they just wanna make profit. I can bet Saylor completely agrees with you on this, but the guys he's selling
#Bitcoin
on wouldn't understand this at all.
Gold is the largest store of value by market cap. Bitcoin is more scarce than gold.
Gold failed because of its physical drawbacks. Bitcoin has no physical drawbacks.
Gold used to be the world's monetary standard. Bitcoin is better than gold.
What do you think happens next?
It’s laughable that Bitcoin is BY FAR the best performing asset since its inception…
#Bitcoin
return: 4,755,555,455%
Next closest asset (Tesla): 15,789%
Yet people
1) Don’t want to understand Bitcoin
2) Don’t want to buy at least a small amount of Bitcoin
I certainly don't fully understand Bitcoin, nobody does, but judging a new system from the old system is shortsighted and lackadaisical, especially when discussing monetary systems.
@Lc4454
You have the rightful claim to 1 dollar’s worth of value.
Congrats on your half stick of gum.
The half stick of gum is a percentage of everything in the US, if you didn’t already get that.
Bitcoin's design means that it is a black hole for all monetary premiums.
A digital, verifiable, *absolutely* scarce asset is protected by a computer network that does over 600 quintillion calculations per second for a reason.
Bitcoin is the apex predator of wealth storage.
In 2014, the price for one bitcoin was $320.
That’s a 197x since then.
Which would put the USD price at $12,411,000 in 2034.
But Bitcoin/USD is irrelevant. What matters is how much Bitcoin you have.
Bitcoin is the denominator.
Bitcoin's annualized return over the past 12 years is 150.6%.
Keeping that same rate over the next 12 years...
One
#Bitcoin
would be worth $2,607,124,254
$2.6 billion.
But Bitcoin won't have a price in 12 years.
If you don't read this you're a crazy person.
How to Get Rich (by being smart):
Getting rich means you are entering the wealth creation business.
Creating wealth is accomplished through three ways:
1) Leverage
2) Asymmetry
3) Time
Leverage:
If you are working for a fixed
Posts like these are why I love Twitter.
I voice an opinion, other people present their opinions and knowledge, my opinion changes.
It's all a search for truth, it's not about being right.
It's now clear to me that Saylor tactically presents in this style to play the part in
Michael Saylor does not fully understand Bitcoin.
He continues to judge the new system (Bitcoin) within the old system (the USD).
He says Bitcoin will be worth $13 million in 2045.
But he says you should practically put all possible dollars into BTC:
“
-Convert free cash flow
Bitcoin is the least speculative asset on the planet.
The entire protocol runs on PROOF of work.
The entire set of code is open source.
The entire monetary ledger is public, transparent, and immutable.
You don’t need to speculate, you don’t need to trust, you can VERIFY.
JUST IN: The CNBC set erupts into an argument when
@JoeSquawk
told Nassim Taleb, “You’re losing your ass after telling me Bitcoin was useless at $30,000.”
#Bitcoin
is the best store of value on the planet, because of its design, and that means any and all dollars that have been put into other stores of value (above their marginal cost of production) will funnel into Bitcoin.
@noahkaufmanmd
Brother 40% of the world doesn’t even have access to the internet and you think we’re going to “solve energy” and “money itself will be obsolete” in 21 years? No.
#Bitcoin
is infinitely better than gold as a store of value and gold’s market cap is 17x bigger.
When, not if, Bitcoin surpasses gold…
One
#Bitcoin
will be worth over $700,000.
Stay humble, stack sats.
The United States can adopt
#Bitcoin
as a "strategic reserve asset" all they want, but what does that change?
The country still makes its money from:
1) Taxes (theft)
2) The sale of U.S. Treasuries (massive Ponzi scheme)
Non-coincidentally, all of the bitcoins the U.S. gov't
Over the last 15 years, the market has said that
#Bitcoin
is the best place to store your money.
Bitcoiners, people that have spent thousands of hours looking into the technology, are saying that
#Bitcoin
is the best place to store your money.
Is it possible...
That the market