My gut feeling is that we top out at anywhere from $110k-180k this cycle. If I had to pick a single price I’d go with $130k. Will be fun to check back on this later in 2025.

@Lyn Alden in Broken Money Figure 15-A it shows how bank reserves (base money) increased at a more gradual rate prior to 2008 and then exploded with the advent of QE. How were new bank reserves created in the monetary system prior to the era of QE? The book does not explain this as far as I can tell.

Bitcoin at $70k is now the doldrums lol

Most people want nothing to do with bitcoin, yet Bitcoiners are concerned that non-custodial Lightning won’t scale to everyone on planet Earth.

Once you deeply appreciate that most people are abused by their own governments, and are treated like pawns by them, then you will have more compassion for people.

@ODELL can you grant us a hiatus on staying humble?

In the long run bitcoin adoption will be about as voluntary as the adoption of gunpowder, antibiotics, and computers.

what are some funny synonyms for dollars? need something beyond my go-to “cuck bucks” or “slave credits”

I really think the key to making money in this market is to just pretend that you are retarded and proceed from there. Whatever you’re buying needs to have a narrative so simple that a child could understand it.

Does anyone have an idea of how much bitcoin Coinbase custodies, factoring in both retail and institutional?

No quarter for the no-coiners. Keep stacking. Punish them.