Random thought: the reason gold only trades for $3,500/oz is because there’s sooooooo much of it, and they’re constantly finding more.
Trey
tshodl@nostrplebs.com
npub1m6y9...e2p9
VP, Sales, Unchained | Advisor to Cantilever | FIRE 🤝 Bitcoin | Banker turned bitcoiner: previously Truist, MetLife, Goldman Sachs, Deloitte
Helping bitcoiners achieve financial independence and FIRE practitioners understand bitcoin at firebtc.substack.com
On Ken Rogoff’s spectacular bitcoin flub.


Is bitcoin cycle theory still alive? I get this question a lot. Here’s how I think about it!
Bitcoin always works, even on Labor Day.
AI could make Labor Day obsolete.
The crazy part is that we probably still have 5-10 years to front-run nation states.
DON’T waste it!
Downloaded Bitchat at a party on Saturday night with a buddy. Two new nodes are up and running!
1 BTC = 1 BTC
Just make sure you actually get one!
🚨 Harvard Economist Humbled 🚨
In 2018, Harvard’s Kenneth Rogoff said bitcoin was more likely to hit $100 than $100k.
Fast forward: bitcoin didn’t crash—it ripped through $100k and has stayed there for 100+ days. Rogoff was off by three orders of magnitude. His excuse now? The world is just too dumb. 🤡
His argument rested on three pillars:
1️⃣ Mostly for criminals
2️⃣ Governments would regulate it away
3️⃣ No utility without illicit use
All wrong. Governments didn’t ban bitcoin—they’re adopting it. Corporations, sovereigns, and millions of individuals hold it. Even Harvard just disclosed a $100M+ allocation to BlackRock’s ETF $IBIT. 🫠
Rogoff also called bitcoin’s role in the $20T underground economy a flaw. It’s actually proof of concept: it works when you need it most—remittances, broken currencies, censorship, sanctions. If it works there, it works everywhere.
So why do Ivy League elites keep missing it? Their worldview depends on trusting the system. They can’t imagine it failing. But bitcoin doesn’t care about diplomas or credentials. Reality is the ultimate rebuttal.
Even Harvard’s endowment has already voted—with $100M+.
👉 I dive deeper into this in FIRE BTC #44—covering why elites dismiss bitcoin, Jesse Myers’ “yuppie elite” framework, and why the underground economy is validation, not a bug.
📩 Read it & subscribe free here:


🤌 Harvard Humbled
FIRE BTC #44 - Bad bitcoin takes from Ivy League elites
Reminder: if you’re spending dollars, you’re spending sats you could have saved.
Spending itself is the real opportunity cost.
Hot take: bitcoiners who reach FI should live in luxury to give others a vision to strive for.
Price your __________ in bitcoin...
stocks
bonds
house
car
income
revenue
business
returns
expenses
groceries
bank balances
wedding
vacation
Netflix subscription
Uber Eats
iPhone
electricity bill
gym membership
drinking habit
college tuition
airplane tickets
steaks
life
IBIT is BlackRock’s most profitable ETF ever, and Uncle Larry Fink LOVES it.
BlackRock makes more money when bitcoin pumps, and you’re bearish, anon?!?


Bitcoin is the most obvious thing on the planet.
Perfectly fixed supply, networked, digital money vs unlimited, permissioned, debt-based fiat garbage.
How tf are you still on 0.0% allocation??
Almost ready


“I like bitcoin, buy my shitcoin”


There is way more risk in being under-allocated to bitcoin than there is in being over-allocated.
3.25 BTC coming my way any day now


How many of these people have the majority of their net worth tied up in their homes instead of in liquid assets? 🤔


You should be happy with every day that goes by where the US government doesn’t buy bitcoin.