El Salvador is stacking #Bitcoin

In 30 years
A burger and fries will cost $75,
A vacation $68,000,
And a basic car $198,000 (only $1,400/month with 240 months amortization - a steal!)

When you see it...
ππ

Another $500M of #Bitcoin was bought and stored away
Probably won't be sold for years, or maybe ever again (if used as collateral)
Most people have 0 Bitcoin exposure
This purchase just eliminated another 8,000 whole coiners π€―

Blackrock's Bitcoin ETF, IBIT, now holds 272,138 BTC, up 1,162 from the last trading day.
900 BTC are issued per day. Around April 20, this will drop to 450.
Blackrock clients bought 1.3x the amount of BTC that was produced.

BREAKING: The Federal Reserve may sustain interest rates at current levels for the foreseeable future because recent data "shows lack of further progress on inflation."
Will the US government continue to be able to pay the interest on its debts if rates remain this high?
The Federal Reserve plans to keep rates high as long as needed to bring down inflation.
The #Bitcoin halving is in 3 days π€―
Let me explain what's happening π
Conclusion:
Bitcoin is a long-term game, so a lot of coins will be held for decades.
Something that you have to consider is that we have never seen an all-time high before a halving in the past.
Bitcoin balances on exchanges are the lowest they've been since 2017.
Some people still think that the halving will be canceled.
None of this is priced in.
In January 2025, Bitcoin's price will very likely be much higher than it is today!

$BTC I'm mainly trading the ltf constructions until we see HTF confirmation of bearish continuation (local trend) or a reversal into liquidity (possible start of more upward price movement )
Fairly clean price action, where I focus on clean sweeps into local rotations....as always, cover your risk and keep playing; it's the only way to learn this game π
#bitcoin
#Trading
If you missed out on investing in Apple 15 years into the stock going public, it's fine because nobody told you about it
Same thing with Microsoft, Nvidia, Facebook, Amazon, and all these other massive companies
We're 15 years into #Bitcoinβ―β―β―'s creation
I tell people to BUY and TRADE every chance they get
If you're reading this tweet and you miss out on Bitcoin, you have NOBODY to blame but yourself
You don't need much money to buy Bitcoin
Just buy fractions of coins here and there and set them aside for a few years
Bitcoin will not only impact your future but also the future of every generation that comes after you
Don't be the grandparent or great grandparent who tells their kids' kids that they ignored the most important innovation in money in thousands of years
Today's trading scene hasn't changed much since the last update. $BTC is holding steady, finding a comfort zone under its recent pattern of higher lows. If Bitcoin dips below the $61,500 mark on the daily chart, we could see it slide towards $58,000.
$ETH is in a similar position, closely watching the $3,000 level. A close below this could lead Ethereum to fall towards $2,500 or possibly even lower.

I actually post less during bullish price action because it's typically the 'buy this and hold until it goes higher' phase.
But as a trader, it's the complete opposite; most $$$ is earned when others lose interest. Remember, the market is just a vehicle to redistribute money from one party to another.
#Trading
Someone just paid the equivalent of 20,000 CAD to send a Bitcoin transaction worth ~77,000 CAD.
WHY?
This makes no sense to me.
Was it by mistake?

The people who will benefit the most from Bitcoin aren't even born yet.
The world will be completely different on a Bitcoin standard.
1) Housing will be cheaper
2) War will be more expensive
3) Food won't be toxic sludge
4) Government-subsidized monopolies will no longer exist
5) The cost of living will be deflationary
My #Bitcoin orange pill moment was understanding that real estate investing is extortion
Governments will do whatever they can to ensure that nominal values of homes don't go down
They will provide tax benefits to real estate investors, give new home buyers discounts, and make it easier to get into debt to buy a home
All of this is an attempt to make it look like the housing market in their country is appreciating
Why?
Because they know that everyone's money is broken and savers need a place to keep their wealth
When the home prices in a country appreciate, wealth makes its way into the country
But when housing prices constantly go up, the majority of citizens are hurt
Newer generations can't buy homes
Wealth becomes more concentrated with a small group over time
More people experience homelessness
Some people own 30+ homes, while others can barely even afford the rent on one
Governments will do whatever they can to ensure that nominal values of homes don't go down
They will provide tax benefits to real estate investors, give new home buyers discounts, and make it easier to get into debt to buy a home
All of this is an attempt to make it look like the housing market in their country is appreciating
Why?
Because they know that everyone's money is broken and savers need a place to keep their wealth
When the home prices in a country appreciate, wealth makes its way into the country
But when housing prices constantly go up, the majority of citizens are hurt
Newer generations can't buy homes
Wealth becomes more concentrated with a small group over time
More people experience homelessness
Some people own 30+ homes, while others can barely even afford the rent on one
Governments will do whatever they can to ensure that nominal values of homes don't go down
They will provide tax benefits to real estate investors, give new home buyers discounts, and make it easier to get into debt to buy a home
All of this is an attempt to make it look like the housing market in their country is appreciating
Why?
Because they know that everyone's money is broken and savers need a place to keep their wealth
When the home prices in a country appreciate, wealth makes its way into the country
But when housing prices constantly go up, the majority of citizens are hurt
Newer generations can't buy homes
Wealth becomes more concentrated with a small group over time
More people experience homelessness
Some people own 30+ homes, while others can barely even afford the rent on one
Today 1 house costs more than 6 bitcoin
Within 30 years, 1 bitcoin will buy 6 houses
Blackrock's Bitcoin ETF, IBIT, now holds 270,976 BTC, up 1,663 from the last trading day.
900 BTC are issued per day. Around April 20, this will drop to 450.
Blackrock clients bought 2x the amount of BTC that was produced.

I can't force you to study Bitcoin
But I hope that my 10-15 posts EVERY DAY made you curious
I can't just tell you to trust me because I don't think you should
I want you to do the research
But I don't think most people will
If you're interested in learning, start with The Bitcoin Standard from
@saifedean
You will probably end up with MORE questions than you have right now after you read it, but you will start putting the pieces together!