Before we run it back turbo, here’s a reminder that @elonmusk sold 75% of Tesla’s #Bitcoin holdings at $30k.
Good thing they limited their losses for one quarter. /s
I find diagrams like these offensive both for #Bitcoin and the Internet. Imagine thinking the next evolution of the web is a bunch of pump and dump scams. Historians will look back and have a good laugh.
Don’t be surprised when #Bitcoin goes to $1 million post spot ETF approval. Market cap doesn’t increase linearly ($1 BTC buy doesn’t make market cap go up $1), there’s a multiplier effect.
The biggest challenges for human civilization to overcome in the next decade are:
1️⃣ Relearning what money is and why sound money is so important.
2️⃣ Understanding that energy is abundant and can be harnessed by our technology.
3️⃣ Seeing other people as individuals, not as part of a country or ethnic group.
#Bitcoin will be a key driver for achieving these 3 things, and if we can achieve them, we just might have a future.
Even if the ETF approval news today was premature, the approval will happen and #Bitcoin will see a massive green candle. It’s just a matter of time. Enjoy cheap sats while you can.
Freezing bank accounts
Printing money
Quantitative easing
Quantitative tightening
Raising rates
Increasing debt
Abolishing income tax
They’re pulling on all the levers of the legacy system with a desperation never seen before. Failure is imminent.
Buy #Bitcoin. Opt out.
The current Argentinian government’s ploy to abolish income tax and prevent Milei from being elected president just accelerates the failure of the legacy system. If they can abolish it in an instant, they can reinstate in an instant. I hope the people of Argentina see through it. It’s all a game. If you can make “ultrasound money,” you can undo it just as easily.