MicroStrategy has acquired an additional 11,931 BTC for ~$786.0M using proceeds from convertible notes & excess cash for ~$65,883 per
#bitcoin
. As of 6/20/24, $MSTR hodls 226,331 $BTC acquired for ~$8.33B at average price of $36,798 per bitcoin.
The very FIRST words
of Satoshi's white paper:
"Bitcoin: A Peer-to-Peer..."
@NSmolenski
delivers a simple yet profound talk on the importance of these 5 words at The Bitcoin Policy Summit in DC (
@btcpolicyorg
) 🔥
Satoshi Nakamoto's 2nd line of his infamous Bitcoin White Paper reads:
"... the main benefits are lost if a trusted third party is still required..."
This is a good reminder as we sit in front of the wave of incoming ETFs.
The Powerball jackpot is now over $1.73 billion.
The odds to win that are 1 in 292,201,338.
Meanwhile... the odds to guess my Bitcoin seed words are:
1 in 5 duodecillion 444 undecillion 517 decillion 870 nonillion 735 octillion 15 septillion 415 sextillion 413 quintillion 993
This is why
#Bitcoin
will win.
We are in a war with... ICE CUBES.
(
#Satoshi
knew this. You know this).
But the UN-pilled aren't paying attention.
8-slide 🧵
1/8
🚨25 Bitcoin lost!
BUT... why is no one talking about the larger issue?
1️⃣ Per the Bitcoin-er (and his dad) they purchased 25 Bitcoin in 2012.
All of it. Nothing more since then. 25 and done.
2️⃣ Even if purchased at the highest price possible, that's a $325 investment.
CAN'T. MAKE. THIS. UP!!!!
Peter complains that users will have to eventually sell Bitcoin for other goods.
(Peter, how exactly does gold work?)
He also complains that Bitcoin goes up in price.
Listen👇🤣
"Why do we need
#Bitcoin
?"
Here's one reason explained to a 5th grader (
#eli5
)
It's a decent orange pill 🍊💊 for those who don't really understand
#inflation
(or feel its effects that much).
1/10
BREAKING: The SEC just called ☎️ Vitalik Buterin at his offices to ask if ETH is decentralized.
Meanwhile Elizabeth Warren’s staff scrambles to locate
#bitcoin
‘s terms of service, trademark, and marketing team. But they can’t find the phone number for customer service.
Bitcoin is one big “NO” for me.
No authority.
No rulers.
No politics.
No power structure.
No hierarchy.
No ranking.
No investors.
No lawyers.
No pitch decks.
No seed rounds.
No bank debt.
No shareholders.
No board meetings.
No alliances.
No influence.
No
I’m hiring Bitcoiners for my new investment advisor business.
17 locations across 4 states.
Qualifications: you must respond to every client’s questions with “Bitcoin.”
Just one word. Every time.
Client: I see CD rates are 5% and…
YOU: Bitcoin!
Interested?
A cousin of mine met with a financial advisor, who explained to him his sophisticated investment products & showing him their track record.
Cousin: That's nice. But buying bitcoin outperforms all of this and doesn't require fees or active management.
Financial advisor: Good
@MarkYusko
@Jeffpacheco
@coryklippsten
I listened to your entire interview with
@MitchellHODL
.
You do highlight common problems with fiat and inflation that we all agree on. I also believe you understand Bitcoin as a technology.
Where I think the discrepancy may lie is your misunderstanding (or you don't care?)
“Is now a GOOD TIME
to buy
#Bitcoin
?”
Honestly… NO.
Here’s why:
If someone has done the work and learned about
#Bitcoin
, then they already know the answer. They don’t need to ask.
And if someone hasn’t put in the hours then they need to go and learn first.
🚨
#Satoshi
warned all of us from the start🚨
There it is, for everyone to see,
in the 2nd sentence of the White Paper:
***************************************************
"... the main benefits are lost
if a trusted third party is still required..."
🚨Normies think Bitcoin can be stopped.
They see Bitcoin as a product or service (all of those can be stopped).
Bitcoin is a set of rules.
It’s a law. It’s code. 📐🧮♾️
As long as math and time can’t be stopped, then neither can Bitcoin.
Good luck with that 💪🔥🚀
Was unexpected when
@panchris
showed up last night to a
@Swan
Salon to share his orange-pill experience.
More YAYS👏than he received at his Ohio State commencement speech for pushing awareness of Bitcoin in unwelcome places.
Some fun boos😒along the way though as he dabbles
I think
@MarkYusko
misunderstands some properties of Bitcoin.
For instance, bitcoin, offers equal opportunity, but not equal outcome.
That is just life. That is how a fair and egalitarian tool works.
To say that bitcoin isn’t equally distributed is disingenuous. It is an
Drop the most iconic photo of you!
Here's me winning the university-wide three point contest, with the final round held at halftime of Mizzou vs Arkansas in December 1998
There's a new neighborhood.
Entirely new houses with a new zip code.
The realtors have them priced at $52k
At that price, I'm tempted to buy one for investment.
Thoughts?
You see... my past savings can't keep up with the price of goods. So I need a better way.
But turns
The best time to buy Bitcoin was 10 years ago.
The next best time is...
When FTX dumps Bitcoin on the market to pay creditors scammed by Sammy Bankless Fraud.
You value your time⌛️
which is why you value
#Bitcoin
.
Full stop 🛑.
There's enough
#BTC
for each person in the U.S.🇺🇸
to own 0.063
#Bitcoin
.
330 million people
➗
21 million
#Bitcoin
🟰 .063 Bitcoin😲
But this is wrong.
🧵👇
One will work much harder
for Bitcoin in the future.
It will be the most desirable
form of compensation
because it can never be debased.
TIP: Capture that future value
at today's discounted prices.
Work smarter not harder.
2/
First, I find it interesting that the latest MISSION IMPOSSIBLE's plot is entirely about a multi-signature setup. Everyone is chasing two halves of one key.
We love Bitcoin.
We love the bull.
And we deserve to.
🚨But WARNING 🚨
During this exuberance, remember to avoid leverage.
FTX, BlockFi, Celsius - have cleansed the system. But wait... there's more!
Like a cancer, new "banks" will pop up offering to custody your Bitcoin with
Many of you know,
@MitchellHODL
is my tenant.
But he's now 7 months behind in rent because he chose to stack sats while writing his new Bitcoin book under the flicker of Chick-Fil-A parking lot lights (I had to cut off his power).
If you can't afford to buy his new Bitcoin book
🇺🇸 The Conservative Case for Bitcoin: Hard Money & The Restoration of Traditional American Values 🇺🇸
There's tremendous overlap between
#Bitcoin
and Traditional, Conservative Values:
- Property Rights
- Limited Government
- Free Markets
- Freedom of Speech
- Personal
I’m Bitcoin only.
HOWEVER…
One can probably get a quick $10k on either SOL, DOGE, or ETH.
Place $42k on the one you like. As soon as it hits $10k… sell!
Fastest way to $10k all day.
The
@SECGov
twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.
🚨 JUST IN
The European Central Bank says Bitcoin is bad!
- It doesn't generate cash flow (like real estate)
- It doesn't generate dividends (like stocks)
- It isn't productive (like commodities)
- It has no social benefit (like gold jewelry)
***
Ironically, because the
#Bitcoin
is EARLY! 🐣
Human predictions suck when it comes to technological advances.
We've seen/heard these grossly miscalculated predictions before.
But here they are in one 🧵
Let them remind us just how far (and high) this going to go 🍊💊🔥🚀