Top cringe of this bull run #Bitcoin

True. That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy.

When 🇸🇪 got rich it had one of the most open and deregulated economies in the 🌍. Lower taxes than in the US and most western countries. Then the welfare state eroded the conditions that made the model viable. The 4th richest country became the 14th in decades.

Gold is eternal. It’s the largest store of value in human history—over $21 trillion—and physically indestructible. But after 8 years running a physical gold fund, I realized something shocking: Bitcoin is better. Here’s why 🧵

You just articulated one of the best parts about Bitcoin. It will make everything more affordable. Here's how: Without Bitcoin, you're forced to invest in a bunch of random stuff to grow your purchasing power. Hotels, homes, speculative startups, etc. Sure you know a bunch of it will fail, but you have so much cash that you just spray and pray that something hits and makes up for the losses. That's capital misallocation. And it's happening at scale. It inflates the price of everything for everyone. Including homes that people need. So what happens when people start stacking Bitcoin instead of dumping money into real estate investments? The price of homes that people actually need to live in will fall. Prices are truth. They are the market's way of telling you the relative value of things. So if your buddy can't get anyone to dump $16 million into a hotel, that means he's holding the bag. He (or the bank that owns the hotel) needs to revalue the hotel much lower to whatever the clearing price is. That's what happens when you play around with 20th century stores of value at the dawn of Bitcoin. Asset holders need to adapt or die. The price of real estate will continue to fall relative to Bitcoin because it's a terrible store of value compared to BTC. Insurance costs, property tax, maintenance costs, tenant headaches, natural disaster risk, pandemic risks, etc... Capitalism won't stop though. At a certain point, Bitcoin returns slow down when it's properly priced closer to ~$10 million a coin in today's terms. And then it may make sense to buy equity in businesses that can offer cash-flow or rapid growth opportunities. But it's important to remember: People won't stop consuming just because they have Bitcoin. When someone has surplus wealth, they eventually value time/experiences/material comfort more than incremental wealth. Or they may want to fund entrepreneurs for excitement / challenge / impact. And so Bitcoin will incentivize people to save and carefully allocate capital, but once they have "enough" - they will still trade some of their Bitcoin for goods and services. One last thing: You said deflation is a bad thing. Deflation is coming no matter what. When AI and robots are doing 90% of our work, that's massively deflationary because they can do things way faster and cheaper than humans. Which should make the price of everything fall. But you're right that deflation is bad for a debt-based economy because you can't pay back debt if the currency the debt is denominated in gets more valuable. That's why central banks debase currencies to make sure the debt based economy doesn't implode. So right now, instead of letting technology gains make things cheaper for everyone, central banks actually make sure we all face 2% growth in prices every year. And they'll debase the currency as much as they need to to make sure prices grow instead of fall. Which is why things get worse every year if you're stuck in the fiat system. Luckily anyone can opt out of the inflationary system right now by adopting finite Bitcoin. Bitcoiners are already living in a deflationary world. We're getting the full benefit of humanity's increasing productivity. Everything around us is getting vastly cheaper every four years. Anyone can opt into this deflationary system at anytime and get the full benefit of the AI / robotic revolution that is just beginning.

Elon was happily tinkering with his rockets and electric cars in democrat-controlled California. Then they tried to stop him from working during covid. And now he's dismantling the entire deep state as a side hustle. Has a single tweet ever backfired so hard?

Remember the Fiatbro Times?

What's The Problem?

BTC 2025 > 2022

Wen Milei movie? @JMilei

Can't wait for @Starlink ✈️ 🌎 @elonmusk

There’s a lot of confusion surrounding Michael Saylor’s Bitcoin strategy. Allow me to explain exactly what’s going on. This could be one of the best investments of your life 👇

This is what will matter 1000 years from now. Not your politics. Not your stupid tantrums about who platformed who on some website. Not your incomprehensible desire to send NASA's entire budget to the third world. This guy reignited the Space Age. He spent his own money, hired a bunch of dudes, and reignited the Space Age. And together, they underbid and outdid NASA and its pet dinosaur corporations on every conceivable level. This is history happening before you. If you are a puddlefish, if you think this is a wasteful showpiece or science project, then you don't understand physics, economics, astronomy, or in fact the basic layout of the universe you live in. We live in a tiny puddle at the bottom of a well. Out there is an entire universe, full not only of stuff to explore, but full of stuff to build things out of. Big things. Wonderful things. Things that are going to make all of the cool stuff you have today, all of human civilization to date look like early Assyrians writing stuff down on wet clay with a reed. Infinite resources. Infinite energy. Infinite space. Instead of fighting over little patches of land, we will have an infinite 3d volume. Enclose it in steel, pump it full of air, spin it, and it's a habitat. Instead of scratching tiny scraps of metal out of the crust of one planet, we will break down entire asteroids and smelt them. Instead of drilling for hydrocarbons and turning water wheels, we will harness entire suns, split the atom, and eventually draw our fuel from the substance that makes up 99% of the entire universe. None of your local, temporal Earth politics matter compared to this. This is more important than pride parades and abortions, more important than tribal conflicts in eastern Europe and southwest Asia, more important than tensions with Russia and China. More important, in the long run, than the United States of America. America's most important function, its one most vital purpose, is to serve as an incubator for this. Because this changes everything. All of our arguments about conditions on this planet become obsolete, because the whole planet becomes just one suburban neighborhood. All of our wars over resources and territory become obsolete, because no one has time to brawl when we're all sitting on top of a dragon horde with sacks and shovels. Everyone who was alive at the time remembers where they were when Kennedy died in Dallas. When the towers fell. When the Eagle landed. When the Wall came down. But this... this is the real moment, one of the first of many. They are what every child will know about a thousand years from now, even if they have four arms and are genetically engineered for zero-g, or are sentient blocks of code running on a sphere of computronium enclosing an entire star. You may not live to see that, depending on what we do or don't invent, and when. But it will happen, and you will live to see wonderful things. If the puddlefish don't get in the way. Don't be a puddlefish.

The 5 stages of Bitcoin Mastery: 1. I just heard about BTC, I can fix it. 2. BTC’s great, my shitcoin’s better. 3. payments = adoption, not store of value. 4. BTC = new asset class; the best store of value ever. 5. everything goes to zero against BTC.

I bet a decade ago some people wouldn't have put "𝐑𝐞𝐚𝐥𝐢𝐭𝐲 𝐓𝐕 𝐬𝐭𝐚𝐫 𝐩𝐥𝐞𝐝𝐠𝐞𝐬 𝐭𝐨 𝐛𝐮𝐢𝐥𝐝 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐔.𝐒. 𝐫𝐞𝐬𝐞𝐫𝐯𝐞 𝐨𝐟 𝐌𝐚𝐠𝐢𝐜 𝐈𝐧𝐭𝐞𝐫𝐧𝐞𝐭 𝐌𝐨𝐧𝐞𝐲" on their bingo cards for next year. #BTC

Get it yet? #Bitcoin 👑

Raw-dogging the #BTC chart

Today, @tyler and I are excited to announce that @winklevosscap has made a $4.5M bitcoin investment in @realbedford, becoming co-owners alongside @PeterMcCormack, and creating the first-ever football club powered by bitcoin. Why did we make this investment? A few reasons: Peter has a strong WHY. As a lifelong Bedford resident, bringing a Premier League team to Bedford has been a childhood dream of his. His mission is clear and authentic. We love builders who have a strong WHY. Peter has the Vision and Conviction. He is an OG Bitcoiner and HODLer. Being early in bitcoin is the ultimate acid test for vision, conviction, and being right. We love builders who have a long-term, contrarian point of view and the determination and persistence to see it through, despite the ups and downs along the way. Peter is a second-time Founder. He has built @WhatBitcoinDid into the biggest Bitcoin podcast on the planet and in doing so, has acquired the skill set and know-how to succeed. We love builders who have been there before and keep coming back for more — they can’t imagine doing anything else. Real Bedford, like bitcoin, is the ultimate underdog story. From a white paper published in 2009, bitcoin has gone on to be the best investment of the last decade and today, has a market cap of over $1.3 trillion. We believe that Real Bedford — powered by bitcoin and Peter’s leadership — has the ability to defy the odds, upset the establishment, and dethrone incumbents. We love underdog stories that have the ability to literally change the game. Powered by Bitcoin. Through our bitcoin investment, Real Bedford’s balance sheet will be fortified with the hardest money in the observable universe, giving them advantages on and off the pitch. Real Bedford will serve as a blueprint for how small businesses and underdogs everywhere can create a bedrock of financial stability and supercharge their mission. As governments around the world continue to inflate their currencies, businesses powered by Bitcoin will only grow stronger. Philosophically, football and bitcoin share much in common. They are global, borderless, and open to all. Their adoption relies on their innate properties. And their ascent is a function of the value they have to offer. They are forced on no one. They are organic, emergent, meritocratic, and universal. If football is “the beautiful game,” then bitcoin is “the beautiful money.” To all the Bitcoiners and football fans out there, we welcome you! Come join us on this journey. Amazing awaits. Cameron Tyler gemini.com/blog/cameron-and-…

How do you give money to 8 billion people? #Bitcoin

Supply & Demand Michael Saylor and Microstrategy own 210,000 #Bitcoin at a value of over $14 billion. For a nation state to catch them at today’s prices, they’d have to spend $20 billion or more. This prices out all but a small number of countries on earth. If Bitcoin does a 10x as it has so many cycles before, then it would cost $250 billion or more to match the Microstrategy allocation. This prices out every company and individual on earth and all but a handful of nations. This is a finite asset with 21 million total supply - only 19 million exist now. Some are lost. Saylor has 200k, Blackrock has 200k Bitcoin, Winklevoss have 100k , Satoshi Roundtable attendees have 2 million , other institutions a million plus coins, a mess of old OG hodlers have 10,000s and even 100,000s of Bitcoins each, a bunch of smaller OG hodlers have 100s or 1000s and don’t need to sell. New EFTs scoop up more daily. New funds, family offices, banks & billionaires onboard daily. Meanwhile the phony global money printer keeps running. 24-7. The fiat ice cube keeps melting. Dollars are thrown at the wall of orange coin to evaporate. The apex predator of money vaporizes all that hits it. A finite asset sought with unlimited fiat. It will be a lesson for the ages. Get some.