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Dr. Jeff
DrJeff@primal.net
npub1k7vk...c04l
I'm mostly on Substack these days, writing Dr. Jeff's Macro Chartbook... come find me there! https://jeffross191961.substack.com - Macro - Charts - Geopolitics - Random musings - Sometimes funny - Occasional doom and gloom - Fund management insights - Never individual investment advice ** Nothing to do with Vailshire Capital Management, LLC or Vailshire Partners, LP hedge fund **
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DrJeff 2 years ago
#Bitcoin is the world's first and only honest, open source monetary ledger. It follows that people who love to operate openly and honestly will greatly appreciate it. And those who don't want to operate openly and honestly will despise #Bitcoin and feel threatened by it.
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DrJeff 2 years ago
To whom are you giving your time and energy? Are you building a better world? Or contributing to and further entrenching the current corrupt system? What are the benefits? What are the costs? (I’m currently wrestling with such questions.) Anyway, good morning.
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DrJeff 2 years ago
Fiat brains: "But Bitcoin has no real utility." Me: "#Bitcoin is decentralized, secure, neutral, permissionless, energy money." Fiat brains: "Yeah, but what does it DO?" Me: "lol"
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DrJeff 2 years ago
In most countries, privacy isn’t a right… It’s a fight.
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DrJeff 2 years ago
Y’all can argue about what political side of the government you’re on. But, as for me, I’m on Team #Bitcoin.
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DrJeff 2 years ago
You can complain about “the growing risk of centralized Bitcoin mining” or you can do something productive about it. Shoutout to @jack and Block for actually doing something productive about it. More of this behavior, please. 🔥🤝🔥
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DrJeff 2 years ago
Believing in and trusting the "full faith and credit of the United States government" is increasingly difficult for me. Thankfully, for skeptics like me, there's #Bitcoin.
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DrJeff 2 years ago
Epoch 5 game plan: - Head down - Work hard - Stack sats Almost anyone can (and should?) do this. #Bitcoin
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DrJeff 2 years ago
Government fiat currency is legalized cheating. #Bitcoin is monetary truth.
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DrJeff 2 years ago
Hodling #bitcoin makes you a more discerning consumer and investor. On a bitcoin standard, prices continually decrease over time while quality actually improves. Imagine that.
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DrJeff 2 years ago
Forget the “dual mandate.” The Federal Reserve is the buyer of last resort of US government debt. Full stop.
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DrJeff 2 years ago
In all seriousness, if you are a business owner or CEO, you need a Chief Bitcoin Officer.
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DrJeff 2 years ago
GM. Almost everyone is underestimating the geopolitical implications of #Bitcoin. The next 5-10 centuries will be very different from the last 5-10 centuries. We are living through a transition point, but it is difficult to perceive from within.
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DrJeff 2 years ago
Since 2009, #Bitcoin is pre-programmed monetary policy. We've known since 2009 that the block subsidy would decrease from 6.25 bitcoins to 3.125 bitcoins at block 840,000. We know--beyond a shadow of a doubt--that the next halving will occur at block 1,050,000. Can any government or central banker say the same about their monetary policy? How about the monetary policy 10 years from now? It's laughable, obviously... and tragic. #Bitcoin is the antithesis of government fiat currency. It is better money for a better world. It is (purchasing) power to the people.
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DrJeff 2 years ago
- The wheel - Electricity - Indoor plumbing - The internal combustion engine - The airplane - The internet - #Bitcoin  World-changing, humanity-improving inventions/discoveries.
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DrJeff 2 years ago
Let's see if Grandpa #Bitcoin is still virile enough to go on yet another parabolic run over the next 18 months or so, post-halving. I'm guessing he can still get it done... surprising even many bulls to the upside in 2024-25. Slowly at first, then face-melting.
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DrJeff 2 years ago
Happy Halving Day! #Bitcoin
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DrJeff 2 years ago
Prior to #Bitcoin, the mythical golden goose existed only in fairy tales. On the eve of the 4th Halving, probably less than 1% of the world’s population understands this.
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DrJeff 2 years ago
Quick back of the envelope math for US Net Liquidity over the past week (April 10-17): Fed Balance Sheet: -$33B TGA: -$92B ORR: +$5B Net: ~$120B liquidity contraction. All else equal, this is net negative for US based risk assets.
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DrJeff 2 years ago
Them: “So you really like #Bitcoin, eh?” Me: “You could say that.” Them (with a snarky grin): “How much of your savings do you use to buy bitcoin, on average?” Me: “Bitcoin is my savings.” Them: “lol… wut?” Me: “lol”