IMO Bitcoin halvings are not “priced in” for three critical reasons. 1. Many individuals aren’t educated on Bitcoin halvings. 2. Some think Bitcoin’s security is flawed as the block subsidy trends to 0. 3. Today’s price bids bring miners tomorrow who sell to cover OpEx. There is no nominal supply side response to an increase in the price of BTC, but there is an real supply side response to an increase in the price. Miners continue mining on the supply distribution schedule, and miners usually sell to at least cover their OpEx.

Over the next 20 years the USD market cap of Bitcoin will bewilder even the largest bulls.

How paradoxical is it that less than 10% of all BTC are left to be mined, yet the Bitcoin mining industry is larger than ever before? I expect this trend to continue.

In 20 years the Bitcoin block subsidy will be 0.195 BTC. That's 32x smaller than the block subsidy today. Absolute scarcity is mind boggling.

BREAKING: A record high 67% of all existing BTC has not moved in over a year. Bear markets create strong holders, strong holders leave few sellers, few sellers result in a lack of sell side pressure, and a lack of sell side pressure leads to 📈 when ANY buyers step in. https://pbs.twimg.com/media/Fp-14DCXwAQy0Xn?format=jpg&name=large

It's not difficult to understand the entire cryptocurrency industry is a joke. Dogecoin is literally one of the largest coins.

Ordinal NFT data inscriptions likely won't bring consistent block space demand for the next 100+ years. If the world adopts the Lightning Network as a global payments network, there may be nearly infinite demand for opening (routing) channels at a low enough transaction fee. For example, node operators may know if they can open a channel at ~20 sats/vbyte it will be profitable. Approaching 1 sat/vbyte, there may be nearly infinite profitable Lightning channels to be opened. However because of this, the mempool may find equilibrium at ~3 sat/vbyte. This isn't necessarily good or bad. Just how it may play out.

Why trust others to not debase your money when you can now choose a money that requires no trust in others?

Large cap passive index funds like $SPY will be less effective at preserving purchasing power over time. Technology is accelerating faster than ever. Initial profits get captured by startups, they exit to public markets, and eventually lose to a new startup. Buy #Bitcoin .

Money trends to ONE BEST LEAST UNCERTAIN tool. Not two, five, or 1,000 tools. There is no second best. Metcalfe’s law, Gresham’s law, Thiers’ law, etc.

Your transactions acquiring real estate, equities, bonds, and treasuries are protected and finalized only by a legal system. Whereas, your transactions acquiring BTC are protected and finalized by digitally verifiable walls of energy (PoW) and a legal system. https://pbs.twimg.com/media/Fpvka6EWYAIer8z?format=jpg&name=medium

ETH merge successfully occurred, ETH’s supply has been net-deflationary for multiple months, coinbase launched an ETH layer two, and ETH is still underperforming BTC. Altcoins trend to 0 BTC.

I think there’s a viable scenario where both USD and BTC coexist for a long time. USD is a short term unit of account, MoE, and SoV. BTC is a long term unit of account, MoE, and SoV.

I really enjoyed sitting down with Matt Schultz, CleanSpark Executive Chairman to discuss the Bitcoin mining industry. ✅ Mining BTC in Georgia ✅ Energy and Bitcoin ✅ Volatility and Leverage ✅ Matt's career and outlook on Bitcoin

Let’s do a Nostr experiment. If you repost this and follow me, I will zap you.

Crypto people don’t understand Bitcoin whatsoever. Completely lost.

Undergrad, graduate school, and large corporations teach you discipline. Startups teach you risk taking, becoming comfortable with repetitive failure until success, and rapid experimentation. The most successful people have experience in both.

Nostr zaps are 1,000x better than Twitter coins. Open, permissionless, trustless, censorship resistant, and immutably scarce. Twitter should become a Nostr client ASAP if they wish to remain relevant for the remainder of the 21st century.

I just spoke with the Executive Chairman of Clean Spark, and I’m now even more bullish on Bitcoin and the Bitcoin mining industry. 10 years from now, you won’t believe how entrenched Bitcoin mining will be within the energy grid. Podcast coming out tomorrow.

If you could receive 10,000 BTC, but under the condition that you would not wake up tomorrow, you’d reject the offer. Money is just a tool. Love others, praise God, and stack a few sats along the way.