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Kane McGukin
kane@NostrVerified.com
npub13j76...s940
#Bitcoin + Monetary Innovation. My opinions are my own and not financial advice. Navigating Bitcoin’s Noise 🎙️http://apple.co/3wFbiiq
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kane 2 years ago
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kane 2 years ago
Very applicable to the state of #money, #Bitcoin  and the entire cryptocurrency ecosystem, now and into the next decade. image
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kane 2 years ago
It’s how we get to where we’re going… The old and new look much the same but this time with #Bitcoin optionality. image
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kane 2 years ago
Focusing on money is the wrong take. Satisfying the needs for the most while balancing credit, leverage and liquidity in a way that reduces folly is the answer.
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kane 2 years ago
Much focus is placed on money. However wealth is created and destroyed by our financial habits which have nothing to do with protocols, tokens, or yield. image
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kane 2 years ago
The best financial advice 99% will ignore, or not do. image
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kane 2 years ago
Not sure who needs to hear this but I’ve seen a number place’s recently, “this bear is worse than others”. It’s not *and* there’s still plenty to go. It feels “worse” because we’re in depths of it *and* people quickly forget reality once it’s past (how terrible the previous bear felt). Plus for many this is their first. Since 2013, peak to the start of ensuing bull mkts - the full 🐻- lasted on avg 979 days. We are currently at day 660 (since ‘21 peak), suggesting 319 more days until next wave up begins. So, probability wise, there’s still about a year to go. Halvings are approx. 210,000 blocks. The last 3 bull moves lasted an avg of 73k blocks. Meaning bears lasted 136k blocks or 945 days on avg. similar to the above but counting blocks instead of actual calendar days. With mass adoption comes the psychology of those people’s trading behaviors. Making modern bears look “different” than they did when it was just a bunch of committed laser 👀’s. IMO, there is a reason Wall Street is preparing for entry now, the last 6mo. ⬆️⬆️ is crucial to understanding. Again, just my opinion.
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kane 2 years ago
It is abundantly clear… In the next 10-20 years, more legacies will be built than in the past 100 years. The history books will eventually reflect this. image
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kane 2 years ago
The real difference between *money* and *wealth*: “He who works his land will have abundant food (#bitcoin), but the one who chases fantasies (#fiat) will have his fill of poverty.” -Proverbs 28:19 image