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0 sats \ 0 replies \ @halalmoney 7h \ on: What is happening with Bitcoin now is historic, and irreversible. Stacker_Stocks
Culturally, ‘we’ should mock all Bitcoin not held in self-custody.
When the gold etfs were launched it helped to pump the price but also weakened the norm of taking physical custody.
Lessons to be learned or legacy to be burned.
The market knows that gold was neutered by the etfs. Perhaps the market is waiting to see if bitcoin will be similarly neutralised.
Interesting. If this plays out, then I can see central banks buying Bitcoin during the good times and utilising it during the bad times. The merger of Keynes with Corn.
Thanks for this. More sophisticated than my Bitcoin price is easier to manipulate than the gold price idea.
This helps better understand the whole ‘Bitcoin is money for enemies’ concept
For Bitcoin to achieve their national security goals, other states need to feel at least as secure holding it as they would gold
Nice. A fiat world which values Bitcoin at +$2T is better than a fiat world with the same
2T in housing and stocks. Hopefully, more to follow.
Bitcoin is already being used to disperse the inflationary effects on real world prices, such that it doesn't directly go into the stock and housing markets thereby destroying price signals and collapsing the currency
People are fully invested in a system which encourages them to take a mortgage to secure a home. House prices must rise to make it all worthwhile. So, Bitcoin must not outperform real estate over the long-term.
Most Bitcoiners: Satoshi acted alone. Bitcoin has nothing to do with the 3 letter agencies
Shocknet: Intel agencies literally exist to effect what you deny