Convincing people Bitcoin is valuable can be difficult.
Luckily, the empirical world will do the convincing for us.
The most prosperous individuals will hold Bitcoin.
The most successful businesses will hold Bitcoin.
The most powerful nations will hold Bitcoin.
A price deflationary world does not mean the end of spending.
It simply maximizes the efficiency of spending by all economic actors.
Individuals
Businesses
Nation States
All allocating capital at max efficiency; sending pure price signals and unlocking untold prosperity.
If we are going to call this free market capitalism, at a bare minimum, we should insist the cost of capital be determined by the free market.
The FED has arbitrarily controlled the cost of capital since 1913.
Bitcoin is now setting the free market cost of capital.
21 million Bitcoin.
That’s it.
~50,000 publicly listed companies
➡️ Not enough for each to own 240 BTC
~60 million millionaires worldwide
➡️ Only ~0.35 BTC each if split evenly
~195 nation states
➡️ ~107,000 BTC each
All will be a buyers.
Don’t overcomplicate this.
Global investors are long real estate...
they're long bonds...
they're long equities...
They refuse to see Bitcoin because Bitcoin exposes a pretty unnerving fact.
All of their investments are significantly overvalued.
It's incredible how ardently people will defend a money that steals from them when presented with a money that doesn't.
Stockholm syndrome is real.
We aren't meant to be caged.
Come on out of there.