It may take time, but the next bull market is gonna be incredible. The people who fight through this period and make it will deserve every bit. It will be the sweetest bull
The monopoly on currency that govts have is being disrupted in ways that have perhaps never happened in all history. Its never been possible to globally coordinate around user-defined currency in the way that the Internet, BTC, ETH and others offer. The next 20 years will be wild
Money and true intelligence are what they are, and not necessarily what you've been taught they are. Bitcoin and true AI (if we can get that right) will set us free. These are the building blocks of universal truth technologies for money and information.
This was one of the more fun papers I've worked on because it pushed my thinking, reinforced my belief in the work that people in this industry are doing, and allowed me to test a thesis many have held for quite some time through a structured framework.
As U.S.-China trade tensions escalate, how does $BTC performance compare to other asset drawdowns?
Read our report: Hedging Global Liquidity Risk with
#Bitcoin
:
Even if open-source AI is behind (which it is), closed AI only has a brief window before open-source reaches feature/capability parity on new innovations. Once that is reached *click* *switch*. I hope people are not valuing closed AI on 10-year discounted cash flow expectations
Something I've realized investing in cryptoassets/ cos / fund managers over the last several years: You'd be a fool to bet against this industry and it's people. There are simply too many powerful technologies and applications being built by smart, passionate people INDEPENDENTLY
The irony of the term “monopoly money” is that it carries the connotation that money is meaningless, while that’s exactly what central banks are offering us.
I just made a list of people who have had an outsized influential impact on my life and I’m up to 70. That was a cool exercise. I must thank them one day.
The best investors for the foreseeable future will be ones who have a better handle on a) the tools governments will use to manage growth and inflation and b) how assets respond to them. This is what investing looks like at the end of the debt super cycle. Hint:
#bitcoin
fits in.
1/2 Unpopular opinion: I respect Bernanke, Yellen, and Powell. They fight one of the hardest fights nobly and have very difficult challenges as policymakers. Do they always make the right decisions? No. No man or woman in that position could.
The most painful experiences of life are the ones that shape the fabric of the person you are. Recognize that in moments of pain. How you respond to that pain is one of the most important decisions you make in life. The bigger the pain the more important the response.
Think about how you want to show up in all of this. For me, I want to be the guy that people said, "I'm damn glad he was in my foxhole." Then, show up that way.
With crypto staking/lending, let's not forget the difference between nominal and real rate of return. If inflation is 6% and nominal interest rate is 8%, real return is 2%, not 8%. Would like to see data providers like
@onchainfx
add this as staking/lending become more mainstream
There is an awareness risk premium that exists in the crypto market now. $BTC is the gateway, but over time, more people will move into other investable coins that they are not yet familiar with. $ETC $VTC $ZEC
@ETCisComing
I actually believe that it is this very honest and idea-meritocratic approach that makes ETC unstoppable. Thank you for flagging these problems so that the community can figure out how to tackle them.
2/2 The two systems together (fiat and crypto) are more powerful and symbiotic than either one on its own. It's also why I'm long and grateful we have Bitcoin and crypto. Their failures, however well intentioned, necessitate it.
Getting over the fear of being non-consensus and wrong publicly is one of the greatest experiences I’ve had as an investor. Once you get over that fear, you can replicate well-informed, non-consensus bets several times over. It only takes 1 out of 10 to make the whole thing work
Can we just call negative interest rates "printing money"? Because that's all it is and the concept of negative interest rates is confusing to many.
In reality, government gives you $100, asks for $98 back, and pumps $2 into the financial system at a 0% rate...
@RaoulGMI
@cburniske
Imagine being told you can only own one asset in a single asset class. Why is that oddly so accepted by some in this industry? It is obvious that it would be seen as entirely foolish in any other arena. Sign that we’re early? They’ll be coming for me in 3, 2, 1
An increase in $BTC network value may also benefit other coins tangentially connected to the network over time $LTC $VTC $DCR. Attractive reward/risk for these coins on a standalone basis + added portfolio diversification.
1/ Going forward, I think some new, great crypto projects (in concept) will suffer from investor exhaustion. It's too hard for most to comprehend technical complexities. As a result, they will fail to achieve network effects. Should a complexity discount be factored in?
Telegram has a real asset on their hands. It's stored network effects. If I lost my Telegram handle tomorrow I'd lose access to a very valuable network.
If you had bought the NASDAQ Composite Index on any single day that it's drawdown exceeded -70% during the tech bubble, and held for 10 years:
Worst case 10-year fwd return: 126%
Best Case 10-year fwd return: 525%
Something to keep in mind in the
#crypto
drawdown...
It's not a front, they *actually care*.
And in instances where they're forced to trade between making a few extra coins and staying true to those values, they stay true *because they care*.
Peoples' words mean nothing but their actions tell you everything.
Please correct if wrong: liquidity pools have two unique purposes. They can maintain a (1) target allocation to assets algorithmically, which I haven't heard many talk about while (2) also allowing you to earn fees from trading.
Looking at the results of quantitative easing, seems to me to be a case study failure of trickle down economics, at least in some form. Money that was pumped into the financial system through asset purchases just hasn’t made its way to most people in America. At least not yet.
Every single person has the opportunity to be a part of the solution right now through their choices. Don't be afraid to think for yourself and make responsible, but perhaps difficult, choices.