#Bitcoin is the 9th most valuable asset after:
8) Silver
7) Amazon
6) Google
5) Saudi Aramco
4) Nvidia
3) Apple
2) Microsoft
1) Gold
But it doesn't even produce anything
How is that possible?
A store of value doesn't need a stable price.
Using something as a store of value means you will be holding it for years or decades.
If the price of the asset you buy drops 30-50% along the way at some point, you are not negatively impacted if you didn't plan to spend it for decades anyway!
Blackrock's #Bitcoin ETF, $IBIT, now holds 263,397 BTC, up 4,016 #BTC from Thursday.
900 BTC are issued per day. Around April 20, this will drop to 450.
Blackrock clients bought 4.5x the amount of BTC that was produced.
Blackrock's #Bitcoin ETF, $IBIT, now holds 263,397 BTC, up 4,016 #BTC from Thursday.
900 BTC are issued per day. Around April 20, this will drop to 450.
Blackrock clients bought 4.5x the amount of BTC that was produced.
More ETFs are coming
And yet some clowns still think #Bitcoin is a scam
30 years from now they will look back and wonder why they let their ego get in front of what's happening around them
#Bitcoin is $69,708
99% of people don't own it
Most people already can't afford 0.01 BTC for $694
How will they afford 0.01 BTC when it's $2,000+?
In developed countries:
- Minimum wage will be less than 0.000001 BTC/hour
- A rental home will cost less than 0.0005 BTC/month
- A home will cost less than 0.01 BTC
Everything is being repriced
If you have 0 allocation to Bitcoin, you are doing yourself and your family a disservice
Hodl and Trade
TG: @Rajatsonitrade
NOT YOUR KEYS, NOT YOUR COINS.
FTX clients who withdrew their #Bitcoin did not lose any money due to the exchange collapse.
No matter where you are in your Bitcoin journey, you need to get your Bitcoin off exchanges.
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In 2021, #Bitcoin was above $60,000 for 33 consecutive days from October 16 to November 17
This year Bitcoin has been above $60,000 for 39 days from February 29 until today, April 6
I think we will never go below $60,000 again
There are no guarantees for entrepreneurs yet every business you see around you was started by one.
All Entrepreneurs have at least 1 thing in common, the courage to believe in themselves.
#Bitcoin solves a problem most people don't even know they have:
Governments and banks want us to believe we don't work hard enough
They tell us this is why there's a wealth gap
They don't want us to know that the financial system is intentionally rigged against us
It's designed to steal a percentage of every bit of wealth we keep in government-issued currencies
Every dollar you hold is being stolen from at a rate of 5-10%/year
Over the next 30 years, all the currency you have saved will lose 70-80%+ of its purchasing power
Your savings are being diluted
They print more and send it to other countries to fund wars
If you swap those currencies for Bitcoin, they can't steal from you anymore
TG: @Rajatsonitrade
#Bitcoin doesn't need us - we need Bitcoin.
There will always be regulatory hurdles to get over when it comes to #Bitcoin, but I'm willing to bet that the network outlasts any of the parties trying to control or regulate it.
Governments will need to adopt a Bitcoin standard if they want to have any amount of power in a world where they can't print the world reserve asset.
Altcoins are experiments for what can be done on #Bitcoin
99.999% of alts are going to trend to 0 forever in terms of Bitcoin (BTC)
The 0.001% that have a chance of succeeding will be attacked relentlessly by the SEC until they're compliant
If governments wanted to make housing more affordable
They should get rid of tax benefits for real estate investors and treat real estate investing like every other business
Thoughts?