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Rajat Soni, CFA
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When Blackrock has all the
Bitcoin
...
They're not going to sell it back to you
Just like they did with prime real estate
#BTC
Sourced from @rajatsonifnance from 𝕏
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Rajat Soni, CFA
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When Bitcoin dropped to ~$20,000, someone I know said he would wait until $11K to buy He's still waiting
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Too many people are sitting on the sidelines, waiting for bitcoin to reach a peak and then fall 80% before they buy What happens if Bitcoin never goes below the current price? What if Bitcoin goes to $650,000, then drops 65% to 230,000, and reverses from there? You will pay more than 2x the current price All you need to understand is that the chances of Bitcoin hitting $1M are higher than the chances of Bitcoin going to zero Stop trying to time the market and stack as much as you possibly can There will be a time when Bitcoin never goes below $1,000,000 again, and if you don't buy before then, you will regret it forever
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For lenders, Bitcoin-backed loans are LESS risky than mortgages backed by real estate
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Bitcoin-backed loans are nearly risk-free for lenders Borrowers take all the risk This means Bitcoin loan rates are the risk-free rate for anyone with savings Over time, more lenders will want to tap into this market to lend to Bitcoin holders to earn the risk-free rate As loan product supply increases, interest rates on Bitcoin-backed loans will trend to zero
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Most average people are ignoring Bitcoin because there is no immediate reward for owning it They don't care about, and can't even imagine, what could happen over the next 10+ years
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