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Rajat Soni, CFA
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Some people are still waiting for $10K
Bitcoin
😭
#BTC
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Rajat Soni, CFA
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There is no second best when it comes to: 1) Bitcoin as a savings vehicle (risk-free) 2) MSTR as an investment (risky) No other crypto can catch up to Bitcoin's network effect No other company will catch up to @Strategy's Bitcoin stack As Bitcoin becomes more widely adopted, both of these points will become more obvious
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As Bitcoin's price goes up, more people want it There will be more buyers at $1M than there are today at $118,000
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You see someone driving a $100,000 car, but you don't see the monthly payments You see someone going on a $10,000 vacation, but you don't see their credit card statements You see someone living in a $10,000,000 mansion, but you don't see their 60-to-80-hour work weeks Don't try to live someone else's life unless you know what's happening in the background - trying to look rich is VERY expensive
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4 years ago, @nntaleb presented an 18 minute keynote about why Bitcoin is worthless He finished the keynote with the equivalent of "Trust me bro" 😂😂😂😂
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Eventually, NOBODY will want to hold on to US Dollars for their long-term savings That's when hyperinflation happens USD Hyperinflation hasn't happened YET because there weren't any better options before 2009 Gold sucks as money in a digital economy But now there IS a better option Study Bitcoin
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