The early 2,000s will be considered a very weird part of history where you can buy the best money in the world using the WORST money in the world.
How long do you think this will last?
#Bitcoin
Rajat Soni, CFA
rajatsonifnance@nostrcheck.me
npub13wl6...np8z
🎯 I'm the Bitcoin guy
💼 10 years of finance industry experience
🧠 1 BTC = ∞ USD
Delaying gratification is painful.
You're sacrificing a bit of today for a future that may never even exist.
You know what would be even more painful?
Being in your 60s, waiting for your next social security check, knowing you could have prevented this from happening.
"Intrinsic value" CANNOT be applied to commodities like #Bitcoin
Intrinsic value is supposed to be a way to calculate the true current value of an asset using variables like dividend streams, discounted cash flows, and residual income.
Commodities don't produce any of these, so you can't use intrinsic value to calculate what they're worth.
We don't value the food we eat based on the cash flow it provides - we price it based on supply and demand.
#Bitcoin is a commodity.
Intrinsic value only applies to stocks, real estate, bonds, etc.
It can be completely subjective based on an investor's assumptions for risk-free rates, consumer demand, etc.
For example, people say "Apple has intrinsic value" and "Apple isn't a speculative investment because of its cash flows."
How do you know people will still want iPhones 30 years from now?
Intrinsic value doesn't consider disruptive technology or network effects, because it isn't designed to do so.
Part of the reason why housing is scarce is because we don't have enough labor to build homes
Since houses are scarce, they've become a financial asset
How many resources the current financial system extract from society (mostly in terms of labor)?
#Bitcoin disrupts the financial industry by eliminating individual human involvement in financial decisions, like deciding interest rates
We pay people to predict where the market is going so that they can manipulate people into spending or saving
This is essentially what the Federal Reserve's job is!
Banks exist to store money, lend money, and give us a way to not have our money stolen via inflation
THEY CREATE THE PROBLEM THEN GIVE US A SOLUTION
Bitcoin makes it so that the market decides prices and rates for itself
On a Bitcoin standard, 90% of the financial industry wouldn't exist
The biggest reason for this is that we won't need millions of bank branches and ATMs to store our money!
What happens to all those resources when Bitcoin replaces the current financial system or eliminates all redundancies?
They will be used to solve more important problems, like building more houses, growing better food, and finding solutions to real problems, because that will be the only way to make money
I've been saying this for a while
"The US will increase capital gains tax rates"
After taxes go up, they will come after taxes on income
Then unrealized capital gains 🤣
This is what leads to "capital flight"
When the wealthy leave, they take all their money, ideas, leverage, and connections with them
Why would the wealthy stay in the US when they pay way more in taxes... vs living somewhere where they can produce whatever they want and pay less in taxes?

Saying "#Bitcoin uses too much energy" is kind of stupid.
If we had a shortage of energy:
- We wouldn't keep our computers on all the time
- We would turn off our phones whenever we're not using them
- We wouldn't regularly see people who are obese
The US is in a debt spiral.
It borrowed so much money that it has to borrow more to pay the interest on the money that was borrowed in the first place.
This is like using a credit card to pay off a previous credit card balance.
In a few decades, $35 trillion of debt will feel like nothing, just like an additional $100B of debt feels like nothing today and $100M of debt 50 years ago.
We may see the quadrillion-dollar debt level within our lifetimes 🤯🤯
Blackrock's Bitcoin ETF, IBIT, now holds 274,462 BTC, THE SAME as the last trading day
This is the first time IBIT had $0 inflow after 71 straight days of positive numbers
Is Bitcoin dead?
No
I guarantee that most people buying IBIT are retail investors
Retail investors don't buy when the price is moving sideways - they base their decisions on emotions
If BlackRock clients were institutional investors, they would be buying the dip
So that means...
1) We got to 73k WITHOUT most institutional investors even caring
2) Blackrock clients aren't selling... meaning they're holding? How long is their holding period?
We'll see what happens over the next few days
Until then, enjoy buying Bitcoin at the $60K level and potentially below!
This makes me happy because I get to continue buying low

How I feel driving my 2009 Honda Civic that works perfectly fine:
(I don't care about driving expensive cars)

Scam Bankster Fraud thinks regulatory protection against financial crimes is key
How ironic that he was the one consumers needed to be protected from 😂😂
#Bitcoin
🚀 Long $BNB - Potential breakout on the horizon. The chart remains bullish for an upward impulse, even amid news of CZ's sentencing.
📈 Entry: $605
⏳ Timeframe: 1H (Scalp)
🔨 Leverage: 10x
❌ Stop Loss: $590
🎯 Targets: $630, $660
📊 Portfolio Allocation: 16%
#Bitcoin #scalping

5-10 years of learning about money and living below your means while everyone else is consuming...
...could give you 40+ years of freedom while everyone else is working.
Make the right decisions.
Did you notice that when banks launder money the CEOs don't get arrested?

How do you convince yourself to NOT buy the best-performing asset in history? 😂😂
#Bitcoin

I'm 31 years old and I can't wait to tell my grandkids I sold all my stocks to buy #Bitcoin
If you think Bitcoin is a scam, what will make you change your mind?
What will prove to you that #Bitcoin ISN'T a scam?
Most people don't have an answer to this because they can't think for themselves
If you were previously a skeptic, what made you change your mind?
I have a feeling a lot of the people bashing #Bitcoin this cycle will be bulls by 2029
Sadly, they won't get it until 1 BTC = $300K+
And even then...
They will be early.
A $60,000 job shouldn't require a $100,000 education.
The US government is handing out rebates as a part of the Inflation Reduction Act
How do rebates help with reducing inflation??

Most people reject #Bitcoin because of emotions, not logic
They believe certain things and they can't let go of those beliefs
They get angry when those beliefs are challenged
Bitcoin makes you question everything you've EVER learned about money
- It's not issued by governments
- It doesn't produce cash flows
- It has no counterparty risk
- It can't be censored
- It's deflationary
- It's neutral
- It's digital
NOTHING like this has ever existed before
Instead of doing the work to wrap their head around how Bitcoin works, most people are looking for ways to reject it
This is why most people won't catch on until bitcoin is $1M or more