Rajat Soni, CFA's avatar
Rajat Soni, CFA
rajatsonifnance@nostrcheck.me
npub13wl6...np8z
🎯 I'm the Bitcoin guy 💼 10 years of finance industry experience 🧠 1 BTC = ∞ USD
At some point, there will be no pump in #Bitcoin   's price in anticipation of a halving Because Bitcoin won't be priced in fiat anymore 1 #BTC    will pump to 1 BTC and then crash to 1 BTC
Blackrock's #Bitcoin    ETF now holds 250,667 BTC, up 4,716 from yesterday. Buying is back up - as the price comes up, it will increase. Rich people FOMO will start after $100K IMO. 900 BTC are issued per day. Around April 20, this will drop to 450. Blackrock clients bought ~5x of the amount of BTC that was produced.image
18-24 months from now, there will be people who are excited about #Bitcoin    entering a bear market, because "this time, it's going to 0." And then 4 years after that, and 4 years after that, and 4 years after that... You get what I mean. Bitcoin is never going to 0. People who wish Bitcoin goes to 0 (like @PeterSchiff ) can't imagine being wrong about something. They missed out and now they want everyone who DIDN'T miss out to suffer. Just like the supply of new BTC is scheduled (it decreases 50% every 4 years), so are the crashes. On a sound money standard, NO ENTITY IS TOO BIG TO FAIL. When the price of Bitcoin goes up, retail investors get confident and start lending their BTC to financial institutions and making terrible decisions. These financial institutions start lending coins irresponsibly to earn a profit. In the legacy financial system, mistakes are forgiven by providing bailouts. This is because the legacy financial system is built on fake money (fiat currencies) that can be created out of thin air. On a Bitcoin standard, there are no bailouts. If you make mistakes, you're going to be taken out. A few months after April's halving, innovation will be at its peak. Anyone who built during the bear market will probably be very successful during the bull market. When the price of Bitcoin rises as a result of supply being cut by 50%, new businesses start offering services and products that are of immense value. But not all of these companies are doing what they say they do... After two years of prosperity is when the scammers are exposed (eg. FTX, Luna, etc). Over the next few years, we'll go through the same cycle that we went through the LAST few years. We'll hit a higher high. Then we'll hit a higher low. Then we'll be back to 50%-60% below the previous all-time high. This will happen over and over again until we are no longer using USD to value Bitcoin. With each cycle, there's more adoption - more people learn how Bitcoin works and they start moving their fiat wealth, which is worthless, into the scarcest asset in the world. In the next 6-18 months: • There will be people offering you 15-20% returns for lending your BTC • There will be others selling you some garbage that they created • There will be a lot more new coins that promise riches and wealth Study Bitcoin so you don't fall for the scams.
The people saying #Bitcoin is a scam today Are miserable because they feel like they missed out They will also be saying it's a scam at: - $100k - $250k - $500k - $1m+ You can choose to listen to them and miss out on the future of money Or you can study Bitcoin and change your family's finances FOREVER
$IBIT, Blackrock's #Bitcoin ETF, has had $1 Billion+ in volumes every day since February 26. This is 23 trading days. In less than 3 months of trading, it's ALREADY one of the most liquid ETFs in the world. 🤯 If you still think Bitcoin is a joke, let go of your ego and study it. This is not going away. Ever.image
Exchanges hold 60% of the total supply of ETH while they hold less than 10% of the total Bitcoin supply. Why is there such a massive difference?
Why did Ethereum's management team get Ether for free, when everyone else has to exchange their hard-earned savings for it?
I've partnered with The Bitcoin Adviser to help you with UTXO management, setting up self-custody, creating a multisig wallet, etc. I know how daunting it can be to transfer your coins off an exchange. It took me at least 100 hours of research before I could take the leap. If you want help with taking your #Bitcoin    off exchanges and don't know how to do it, book a FREE appointment with a Bitcoin Adviser: Telegram: @Rajatsonitrades
#Bitcoin    is a gamble... Just like everything else in life. Your brakes can fail while you're driving to work. Your ceiling could collapse while you're sleeping. Most people don't check their brakes every time they drive. They don't hire an inspector to check the structural integrity of their house every time the weather acts up. Taking chances is part of being human. If you don't take chances, your life will be full of regrets. I trust that Bitcoin will survive the next 20 yeare MORE than I trust the engineer who designed my car or house. Why? Because the people working on Bitcoin come from all kinds of backgrounds and there are potentially millions of eyes on the code at any given moment. Bitcoin is considered "boring" because it works, just like the foundation of your house or the steel frame of your car. Bitcoin will be around as long as humans exist because it's the only solution to a problem we had for THOUSANDS of years (centralization and debasement of money). If Bitcoin survives, adoption will increase. If adoption increases, the price goes up. Most people have ZERO allocation because they claim that they "don't want to gamble." I think Bitcoin will no longer be seen as a gamble by most people by 2030. By then, Bitcoin can be worth 50-1000x what it is today because network effects become exponentially more powerful as as a technology is adopted.
At some point, people are going to be paying $1 for 0.000001 #Bitcoin or 100 Satoshis. Today you can buy 1400 Satoshis for $1. Institutional money is starting to come in. Do you understand what this means? You are AHEAD of large corporations.
Coinbase getting attacked by the SEC Probably irrelevant for #Bitcoin, but you should get your BTC off exchanges ASAP.image
$IBIT's market cap increased by $1.3 billion since just a few days ago even though the purchases slowed down a bit. Purchases will ramp up again when the price goes up. Most people are still on the sidelines and will eventually FOMO into #Bitcoinimage
In the current financial system, your wages rise over time but you lose purchasing power. 1971: ~$10,000 average annual income could support a family of 4. Today: ~$60,000 average annual income can barely support an individual. #Bitcoin fixes this. On a Bitcoin standard, you will see smaller nominal figures over time for income and prices, but the purchasing power of your savings will increase over time. In 2009: 1 BTC bought nothing In 2012: 1 BTC bought 1 fast food meal ($12.48) In 2016: 1 BTC bought 2 weeks of groceries for a family of 4 ($654.76) In 2020: 1 BTC bought 6-8 months of groceries ($9,314.28) Today: 1 BTC has the purchasing power to buy ~4-5 years worth of groceries ($70,380.64) In 2028, what will 1 Bitcoin buy? What will 0.1 Bitcoin buy? How about 0.01 Bitcoin? Bitcoin's purchasing power increases over time because it has a finite supply and can fulfill all the functions of money.
Yesterday the Spot #Bitcoin ETFs had a positive inflow of 6,158 $BTC.
#Bitcoin After $BTC reached it's ATH in 2017, the correction lasted 21 days. After that, we saw a parabolic rally. After $BTC reached it's ATH in 2020, the correction lasted 21 days. After that, we saw a parabolic rally. Same scenario in 2024? 1 week left... ticktock.⏰👀image
Unsuccessful traders believe that the market is manipulated and use it as an excuse. Successful traders know the market is manipulated, and learn how to play the game. Different mindsets. TG: @Rajatsonitrades
Governments and banks can't regulate #Bitcoin They just want us to think they can so we don't buy any TG: @Rajatsonitrades
My goal with #Bitcoin    is complete time, location, and financial freedom. This means I won't have to rely on a paycheck to feed my family. I can easily trade some of my Bitcoin after I've accumulated enough to sustain my lifestyle. If I don't want to trade any of my Bitcoin, I'll continue being productive to earn an income to pay for my expenses. Eg. Work a job, build a business, etc. You can also choose to borrow against your Bitcoin BUT you can lose EVERYTHING if you choose to do this. I don't plan to do this any time soon (or at all) because Bitcoin is insanely volatile. If you borrow against 20% of your holdings and the price drops more than 80%, you could lose your entire stack.
#Bitcoin is the best store of value for EVERYONE, not just rich people. Anyone can save any amount of money in Bitcoin and expect to maintain or increase their purchasing power if they have a 4+ year time horizon. You don't need - 70,000 USD to buy Bitcoin - you can buy some for $1. TG: @Rajatsonitrades