Rajat Soni, CFA
Quoted from @rajatsonifnance on X
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We are insanely early to Bitcoin
Most people can't even comprehend 1 BTC = $1M+
They will eventually be buying Bitcoin at $10M+
Even at $10M they will be early, because 1 Bitcoin is going to $1B+
The price of Bitcoin will rise forever because the value of fiat will fall forever
Most people can't even comprehend 1 BTC = $1M+
They will eventually be buying Bitcoin at $10M+
Even at $10M they will be early, because 1 Bitcoin is going to $1B+
The price of Bitcoin will rise forever because the value of fiat will fall forever
The current financial system is so fragile that "magic internet money" is a threat to its existence
In 18 minutes I'll help you retire 20 years earlier
This is the wealth building framework that I'm using in my own life!
This is the wealth building framework that I'm using in my own life!
You don't want more money
You want more of the things money can buy
That's why Bitcoin works:
BTC is issued by the Bitcoin network, and it is the first and only truly scarce digital good that we have
If you don't spend your BTC, you'll always own the same % of the total coins available in the economy
The growth in the purchasing power of your coins will be decided by market forces
The supply of BTC will never increase past 21,000,000
If more people want to get rid of their BTC in exchange for other goods, the market price of BTC decreases
If more people want to hold their coins for future consumption, the price will increase (supply decreases)
There are no limits to the supply of goods and services, but there are constraints on production
If more products are being produced and demand stays constant, the price will decrease in terms of BTC
If the demand for a product increases, we will see an increase in its exchange rate in terms of BTC
Today we can see this when exchanging BTC for other currencies
When the supply of US dollars increases, the price of US Dollars decreases in terms of BTC
Real estate and stocks aren't exceptions to this rule... as more people want to hold BTC, the prices of stocks and real estate will plummet
If the cost of housing is too high in one region, people will move to another region with a lower cost of living
Stocks will decrease in price in terms of BTC until they are priced in BTC - at that point, only companies with truly innovative products will survive
On a Bitcoin standard, entrepreneurs will be incentivized to create new solutions to problems and release them to the public as soon as possible
If there is a profit to be made, the rest of the world will be incentivized to improve the product and increase the supply, while profits will trend toward 0
Everything will decrease in price forever in terms of Bitcoin because nothing else has a finite supply
You want more of the things money can buy
That's why Bitcoin works:
BTC is issued by the Bitcoin network, and it is the first and only truly scarce digital good that we have
If you don't spend your BTC, you'll always own the same % of the total coins available in the economy
The growth in the purchasing power of your coins will be decided by market forces
The supply of BTC will never increase past 21,000,000
If more people want to get rid of their BTC in exchange for other goods, the market price of BTC decreases
If more people want to hold their coins for future consumption, the price will increase (supply decreases)
There are no limits to the supply of goods and services, but there are constraints on production
If more products are being produced and demand stays constant, the price will decrease in terms of BTC
If the demand for a product increases, we will see an increase in its exchange rate in terms of BTC
Today we can see this when exchanging BTC for other currencies
When the supply of US dollars increases, the price of US Dollars decreases in terms of BTC
Real estate and stocks aren't exceptions to this rule... as more people want to hold BTC, the prices of stocks and real estate will plummet
If the cost of housing is too high in one region, people will move to another region with a lower cost of living
Stocks will decrease in price in terms of BTC until they are priced in BTC - at that point, only companies with truly innovative products will survive
On a Bitcoin standard, entrepreneurs will be incentivized to create new solutions to problems and release them to the public as soon as possible
If there is a profit to be made, the rest of the world will be incentivized to improve the product and increase the supply, while profits will trend toward 0
Everything will decrease in price forever in terms of Bitcoin because nothing else has a finite supply
The US Dollar is the weakest it's ever been
More people than EVER know it's fake money backed by nothing
We are experiencing a wealth transfer from people who DON'T know this to people who DO
More people than EVER know it's fake money backed by nothing
We are experiencing a wealth transfer from people who DON'T know this to people who DO
So now Bitcoiners are grifting by telling people to buy the best-performing asset of all time and getting nothing in return
😂😂
😂😂
You never truly own real estate because you have to pay property taxes for life
You should NEVER go on a podcast and give an uninformed opinion on Bitcoin
Bitcoiners will 1000% find the clip and roast the shit out of you
With that being said...
How stupid did @garyseconomics sound in this video? 😂😂
Bitcoiners will 1000% find the clip and roast the shit out of you
With that being said...
How stupid did @garyseconomics sound in this video? 😂😂
We use fiat currencies because gold has failed as money
Every $1 you use to buy Bitcoin is $1 of energy taken away from the fiat currency financial system
Real estate investors borrow hundreds of thousands of dollars and risk bankruptcy if things don't go their way...
Just to get a positive cash flow of $300/month 🤣
Just buy Bitcoin
You'll outperform every real estate investor and you'll do less than 1% of the work
Just to get a positive cash flow of $300/month 🤣
Just buy Bitcoin
You'll outperform every real estate investor and you'll do less than 1% of the work
You buy Bitcoin at the price you deserve:
If you buy because of a fear of missing out, you'll probably end up overpaying
If you sell because of fear that the price will drop more, you'll probably end up selling at a discount
Just dollar cost average in, expect to be wrong for the first few years, and stop trying to time the market!
If you buy because of a fear of missing out, you'll probably end up overpaying
If you sell because of fear that the price will drop more, you'll probably end up selling at a discount
Just dollar cost average in, expect to be wrong for the first few years, and stop trying to time the market!
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