Anyone remember at the end of January when #bitcoin dipped to $38k and everyone was like “ETP approvals were a sell the news event”? Those were the goddamn days.
There will come a time before the end of the 21st century when all the computing power on the planet will not be able to mine more than 1 BTC per year. Think about that. Is it any wonder Blackrock et al want your bags?
As someone who grew up with Blackadder, Jeeves & Wooster and A Bit Of Fry & Laurie, this man is a living legend. And yes, he would be one of the people I’d want round the dinner table.
#bitcoin has just reached an all time high in NZD. To all the #plebs who have been stacking and hodling through the last couple of years - I salute you. Stay the course and keep doing what you’re doing.
It is astonishing to me that the head of the NZ Reserve Bank does not understand the concept of sound money. He openly believes a number of untruths about #bitcoin, including that it is primarily speculative and cannot perform the function of money because it's neither a means of exchange nor a store of value or unit of account. Then he has the temerity to joke about central banking being a great business to be in because "we print money and people believe it... touch wood.” 5/5 on the clown scale! 🤡 🤡 🤡 🤡 🤡