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Rajat Soni, CFA
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If someone claims that they understand
bitcoin
But they don't own any
They don't understand
Bitcoin
#BTCย
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Rajat Soni, CFA
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To someone who doesn't understand Bitcoin, $1M/BTC seems like a crazy estimate that has no basis To someone who has studied bitcoin, $1M seems bearish, because they know Bitcoin's price has no ceiling
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The number of US Dollar millionaires is infinite because the number of dollars that can exist has no limit If everyone will eventually be a millionaire, what will $1M buy? Instead of stacking dollars (something with no supply limit) buy Bitcoin (a finite supply asset)
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Sold some old clothes to a vintage store Got $29.40 CAD Converted to Bitcoin immediately and got 20,218 Sats This trade will age well
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What happens to Bitcoin's price when major banks start accepting it as collateral for Bitcoin backed mortgages?
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I first discovered bitcoin around 2010 and ignored it I really started learning about it in 2021 I didn't buy any until 2022 - it took me around a year and a half to actually wrap my head around it and make my first buy If I had figured out Bitcoin sooner, I would have probably left some on exchanges and this would have left me with PTSD (if I lost everything!) If I figured it out today and wait a year (like I did from 2021-2022), I might be buying well above $100K (maybe even $200K-300K) But remember - you're never too late to Bitcoin Some people will figure it out at $500K Others will get it at $50M As long as someone is willing to sell you Bitcoin for fiat, you are early!
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