#Bitcoin as a Medium of Exchange cannot be ignored. Without the ability to transact Bitcoin permissionlessly, it will end up captured and neutered like gold is.
Samson Mow
excellion@jan3.com
npub1exce...n72a
Working on nation-state #Bitcoin adoption. CEO @ JAN3, architect of the #BitcoinBonds, CEO @ Pixelmatic, and creator of Infinite Fleet. 🚀
There is absolutely nothing that any government or central bank can do about inflation at this point. We’ve passed the point of return for the legacy system.
Only three paths exist now:
1️⃣ Hyperinflate
2️⃣ Default
3️⃣ Buy #Bitcoin
Borrowing without consent is stealing.
Learn about #Bitcoin for the sake of your descendants. 

Diminishing returns are for nocoiners.
#Bitcoin
The most important thing with the #Bitcoin ETFs that most people seem to miss is the rate of accumulation.
The last few $MSTR mega-stacks (over 10k BTC) were 14.6k and 16.1k BTC.
IBIT’s average stack is ˜$200M/day or 4.7k BTC.
FBTC’s average stack is ˜$175M/day or 4.2k BTC.
So every 2 trading days, just 2 of the New Nine are hoovering up what MSTR does in a good month.
But more importantly, the IBIT/FBTC intake is ˜9k BTC a trading day. Mining only supplies 900 a day. So demand from 2 ETFs alone is 10x supply. Supply is going to get cut in half in less than 3 months, which means this demand will be 20x supply.
And this demand is just 2 ETFs. Don’t forget MSTR, Tether, and many more corps are also accumulating, along with nation-states, HNWIs, and plebs.
Plan accordingly.
No amount of selling is going to be able to keep up with #Bitcoin demand from plebs, corps, nation-states, and ETFs. That is the reality people must accept. Some are bearish now and seeking out bearish things irrationally. Be rational. Leave the emotions out and do the math
There are no diminishing returns when a step change takes place. Bitcoin is not a marginally better $ or gold. #Bitcoin is a 1000x improvement on any monetary technology devised in all human history. Diminishing returns is an irrelevant concept when the entire game has changed. 

There’s a certain irony in Brian Armstrong trying so hard to change Bitcoin, promoting every fork, pushing Ethereum as a better Bitcoin, and listing so many shitcoins, but now his only job is providing custody to ETFs of the original #Bitcoin, the one which he saw as deficient.
While they begin Quantitative Easing again, we will perform another scheduled Quantitative Hardening. #Bitcoin
Government: “Inflation is at a manageable 4%.”
Also Government: “We’re giving ourselves a 38% raise to combat the crushing effects of inflation.”
🇨🇦🤡🌎 

The ETF approvals aren’t priced in
The halving isn’t priced in
More nation-state adoption isn’t priced in
Renewed QE isn’t priced in
The multiplier isn’t priced in
The Veblen effect isn’t priced in
All of this happening at the same time isn’t priced in
#Bitcoin
baea253c31b1d668c4f1ef56b972f395fe7007060b6f87abc654bee9d9159951
It’s amusing to see influential* accounts randomly dunk on #Bitcoin out of nowhere.
Feels like we’re about to win.
Elizabeth Warren is 74. The dinosaurs are slowly but surely dying off.
We can HODL #Bitcoin longer than they can spew nonsense.
😢 

Balaji wasn't wrong about #Bitcoin going to $1M, but he was wrong on the timing and the catalyst.
My $1M call is based on a massive rapid influx of institutional capital while Bitcoin available for sale is at historical lows, compounded by the halving.
His $1M prediction was predicated on money printing and banks failing. Those two things could potentially be a driver for a rapid run to $1M but not likely. The money printing already happened and then dried up. It will take a few more years for the market to adjust accordingly. As for banks failing, normies will just look for a "safer" bank. They aren't at the stage where they realize no bank is really safe and Bitcoin is the only option.
TL;DR: #1MBitcoin is in play.
This time really is different. #Bitcoin
We're about to see what happens when demand shock meets supply shock. #Bitcoin
The run up this time is different from last time.
Last time there was a ton of easy QE money sloshing around.
This time, money is still tight and interest rates high, but everyone is allocating to #Bitcoin.
Pay attention.
The President of Colombia is now a #Bitcoin HODLer for sure. 100,000 sats to be exact. ☕️🇨🇴 
