Rajat Soni, CFA
Quoted from @rajatsonifnance on X
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The housing market is being used to keep the working class working for as long as possible
In the current financial system, the wealthy own all of the houses because houses are a great way to earn cash flow and store wealth
Banks allow individuals and businesses to borrow as much money as they want to buy as many houses as they can if they're wealthy
Bitcoin fixes this
In the current financial system, the wealthy own all of the houses because houses are a great way to earn cash flow and store wealth
Banks allow individuals and businesses to borrow as much money as they want to buy as many houses as they can if they're wealthy
Bitcoin fixes this
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
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
As Bitcoin's price goes up, more people want it
There will be more buyers at $1M than there are today at $118,000
There will be more buyers at $1M than there are today at $118,000
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
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
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" 😂😂😂😂
He finished the keynote with the equivalent of "Trust me bro" 😂😂😂😂
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
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
You are still early if Bitcoin is being sold for US dollars
1 BTC = ♾️ USD
Even the price of apples goes up over time and apples grow on trees 😂😂
1 BTC = ♾️ USD
Even the price of apples goes up over time and apples grow on trees 😂😂
The real estate market is crashing when priced in Bitcoin
The price of a median house in the US is at an all-time low of 3.66 BTC
We're going to see it go much lower from here
At one point it cost 600,000 BTC to buy one house
The price of a median house in the US is at an all-time low of 3.66 BTC
We're going to see it go much lower from here
At one point it cost 600,000 BTC to buy one house
Nobody is bullish enough on Bitcoin because nobody has seen the monetization of an asset in real time
Some people sold under $100K because they thought it was over
They will regret it their entire lives when they can only buy back a fraction of what they sold when they finally figure it out
The next decade is going to shatter so many egos
For Bitcoiners it'll be fun to watch because this growth has been so predictable
For anyone without Bitcoin?
I think the REAL panic will start at $1M+
Some people sold under $100K because they thought it was over
They will regret it their entire lives when they can only buy back a fraction of what they sold when they finally figure it out
The next decade is going to shatter so many egos
For Bitcoiners it'll be fun to watch because this growth has been so predictable
For anyone without Bitcoin?
I think the REAL panic will start at $1M+
We are so early to Bitcoin
You would be surprised by how many people think infinite divisibility means infinite supply
They specifically don't buy Bitcoin because of this
You would be surprised by how many people think infinite divisibility means infinite supply
They specifically don't buy Bitcoin because of this
This video aged like fine wine
https://youtu.be/N7s1o_d3Q_0?si=KBgPvyikYpck_mW2
https://youtu.be/N7s1o_d3Q_0?si=KBgPvyikYpck_mW2
I used to think driving a luxury car at a young age was a great status symbol
Now I think it's just a waste of money, mainly because I figured out how Bitcoin works
I can continue driving my 15-year-old Civic and stack more Bitcoin
Or I can spend 30-50 million Satoshis on a new car
I'd rather wait until the car costs me 10 million Satoshis or less before I upgrade
Is this why Bitcoin "destroys the economy"?
Now I think it's just a waste of money, mainly because I figured out how Bitcoin works
I can continue driving my 15-year-old Civic and stack more Bitcoin
Or I can spend 30-50 million Satoshis on a new car
I'd rather wait until the car costs me 10 million Satoshis or less before I upgrade
Is this why Bitcoin "destroys the economy"?
4 investors who have had decades of success in the legacy financial markets:
- Tim Draper
- Stanley Druckenmiller
- Larry Fink
- Ray Dalio
All of them have a stake in Bitcoin
Are they all wrong?
- Tim Draper
- Stanley Druckenmiller
- Larry Fink
- Ray Dalio
All of them have a stake in Bitcoin
Are they all wrong?
Larry Fink, BlackRock's CEO, said:
"We see Bitcoin as digital gold"
and
"Bitcoin is a flight to quality"
And yet you still think it's a scam?
"We see Bitcoin as digital gold"
and
"Bitcoin is a flight to quality"
And yet you still think it's a scam?
0.01 Bitcoin for a house sounds crazy
1,000,000 Satoshis doesn't
0.0005 Bitcoin for a car sounds ridiculous
50,000 Satoshis doesn't
0.000001 Bitcoin for a week of groceries sounds idiotic
100 Satoshis doesn't
1,000,000 Satoshis doesn't
0.0005 Bitcoin for a car sounds ridiculous
50,000 Satoshis doesn't
0.000001 Bitcoin for a week of groceries sounds idiotic
100 Satoshis doesn't
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