Indeed the market isn't moving much with Saylor’s buys, because perhaps a lot of OG Bitcoiners are dumping Bitcoin to, say, get lobby positions in the dollar economy. So while some see this as a time to dump dollars for BTC, some might see the current pro-Bitcoin administration as a chance to dump major BTC reserves so as to play the now favorable political game to Bitcoiners and earn from leverage (Saylor’s talking points are actually very pro-dollar. I could swear he is also on the other end of the trade, in which case, there you go).
I think we need to run for a while on this pro-Bitcoin administration and let OGs dump all they can to get on TV and sell all these treasury/couch-profits promises and whatnot, then we shall see dollar dumps as a true dollar dumps.
At some point, Washington will turn quite anti-BTC. Its in the nature of the BTC to not roll along with dollars. The real competitive game between these two currencies can only be delayed, but not kept off the table.
Didn't understand well what you said about hoarding, but I think you meant that even the idea of hoarding doesn't work as strongly as promoting usage of Bitcoin directly for commerce (not via USDT. An easy habit to pick up given how used we are to fiat money. I mean, it was what we held first as babies.).
Which I agree with.
Because if the hoarded property is not being used, less people are thinking of it and in fact, over time, people like Saylor might be inadvertently moving Bitcoin out of the public consciousness where average folk who simply want their windows PC and excel spreadsheet get to find Bitcoin even more far removed from day to day commerce hence who cares what it is.
Some people may start thinking a Bitcoin is like shares in premium Real Estate and not money. We need to fight this.
Ad: This is why I've started https://bitcoinhighschool.com where we learn about Bitcoin and use Bitcoin to do learning. I'm calling on ya'll to try out the quizzes and give me feedback. Will be rolling out sats to whoever gets even one answer correct so stay tuned. More features up ahead. Hopefully, Ill get big enough to ask Scoresby to do guest lectures for my students. Your analyses are indeed a worthy educational experience. Thanks again.
Thanks for this @Scoresby.
Indeed the market isn't moving much with Saylor’s buys, because perhaps a lot of OG Bitcoiners are dumping Bitcoin to, say, get lobby positions in the dollar economy.
So while some see this as a time to dump dollars for BTC, some might see the current pro-Bitcoin administration as a chance to dump major BTC reserves so as to play the now favorable political game to Bitcoiners and earn from leverage (Saylor’s talking points are actually very pro-dollar. I could swear he is also on the other end of the trade, in which case, there you go).
I think we need to run for a while on this pro-Bitcoin administration and let OGs dump all they can to get on TV and sell all these treasury/couch-profits promises and whatnot, then we shall see dollar dumps as a true dollar dumps.
At some point, Washington will turn quite anti-BTC. Its in the nature of the BTC to not roll along with dollars.
The real competitive game between these two currencies can only be delayed, but not kept off the table.
Didn't understand well what you said about hoarding, but I think you meant that even the idea of hoarding doesn't work as strongly as promoting usage of Bitcoin directly for commerce (not via USDT. An easy habit to pick up given how used we are to fiat money. I mean, it was what we held first as babies.).
Which I agree with.
Because if the hoarded property is not being used, less people are thinking of it and in fact, over time, people like Saylor might be inadvertently moving Bitcoin out of the public consciousness where average folk who simply want their windows PC and excel spreadsheet get to find Bitcoin even more far removed from day to day commerce hence who cares what it is.
Some people may start thinking a Bitcoin is like shares in premium Real Estate and not money.
We need to fight this.
Ad:
This is why I've started https://bitcoinhighschool.com where we learn about Bitcoin and use Bitcoin to do learning.
I'm calling on ya'll to try out the quizzes and give me feedback.
Will be rolling out sats to whoever gets even one answer correct so stay tuned.
More features up ahead. Hopefully, Ill get big enough to ask Scoresby to do guest lectures for my students. Your analyses are indeed a worthy educational experience.
Thanks again.