Bitcoin gets a Marketing Team \ stacker news ~bitcoin

2852 sats \ 14 comments \ @cryptofolyo 29 Jan bitcoin

Millions of dollars will be pumped in by competing bitcoin ETFs on marketing bitcoin Google is getting ready for ETF ads

1% allocation by Blackrock alone is 100 billion Hundreds of millions coming in daily to be contesting for 40 million dollar worth of 900 bitcoins being mined daily.

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71 sats \ 2 replies \ @KLT 29 Jan

This is why I’m of the mindset that time and education is all it comes down to. 24 years ago, people were NOT into the thought of doing online banking because they didn’t consider it safe, only thought of scams etc and couldn’t IMAGINE doing anything banking related away from a branch and now, online banking is ubiquitous. Everything takes time and we just have to do our part and show people how to self custody and run their own node as the gold standard and of course it’s also inevitable that people will gravitate to second and third layers but we’re building a rock solid foundation from the bottom up.

0 sats \ 1 reply \ @cryptofolyo OP 29 Jan

Yeah - People will eventually learn more about self custody as few of the ETF goes bust eventually but those who self custody manage to survive. It will take years Then it will be taught in schools. How to self custody bitcoin. Those schools who manages to liberate themselves out of the slavery of debt.

50 sats \ 0 replies \ @KLT 29 Jan

Agreed. The next generation will be better and have an easier time than the last. How it should be.

180 sats \ 1 reply \ @brave 29 Jan

All the biggest Bitcoin doubters are their strongest marketing Team, I always think of Michael Saylor in this way, now all the ETF providers will be the greatest marketing the protocol has ever have

0 sats \ 0 replies \ @cryptofolyo OP 29 Jan

People get orange pilled eventually. Just a matter of spending more time on knowing bitcoin.

71 sats \ 0 replies \ @ETF_hunter 29 Jan

Yessiree!

50 sats \ 0 replies \ @southside263 29 Jan

bitcoin already has a marketing team: NgU

50 sats \ 4 replies \ @premitive1 29 Jan

the narrative is a bit off though. the miners can't sell the bitcoin they mine today, except as an IOU when they actually access to those coins. and one assumes that many of these miners have pre-existing contractual relationships claiming the bitcoin they mine and sell.

0 sats \ 3 replies \ @cryptofolyo OP 29 Jan

Miners may have contracts based on dollars. They may buy mining equipment based on dollars They may take loan in dollars to buy equipment And they may immediately enter into a contract to sell all the bitcoin they mine for the next one year may be

Ideally they should learn about https://www.ampleforth.org and start dealing in https://spot.cash

50 sats \ 2 replies \ @premitive1 29 Jan

you're proposing miners learn about an altcoin?

0 sats \ 1 reply \ @cryptofolyo OP 30 Jan

Ampleforth is a concept - very different from any other altcoins

https://bit.ly/ifsatoshi

0 sats \ 0 replies \ @premitive1 30 Jan

If Satoshi made bitcoin today.

Oh, it's one of these. You'll have to get in line.

50 sats \ 1 reply \ @TNStacker 30 Jan

Um, excuse me. I thought WE were the Bitcoin marketing team!

21 sats \ 0 replies \ @cryptofolyo OP 30 Jan

We have millions of satoshis They have trillions of dollars in AUM 5% of black rock alone is 500 billion If 500 billion comes to buy 1 million Bitcoin moving around liquid in the coming year. Then its 500,000 USD per bitcoin in a year.