Returns so far this year... MicroStrategy: +145.4% Grayscale Bitcoin Trust (GBTC): +98.1% #Bitcoin : +76.9% Ethereum: +56.8% Tesla: +33.4% NASDAQ: +16.8% Gold: +9.4% Dow Jones: +2.9% Oil: -5.1%

In 2017 the price of $ETH reached a high relative to #Bitcoin , but has never recovered. The most "bullish" catalysts for ETH have turned out to be nothing burgers in terms of price. Looking in more detail... June 12, 2017: ETH reached it's all time high relative to BTC. $BTC denominated return since then: -55% August 5, 2021: Ethereum implemented EIP 1559, a scheme to "burn" ETH tokens to reduce supply, rather than give them to miners as a reward, making ETH "ultrasound money". $BTC denominated return since then: -5% September 15, 2022: Ethereum completed the merge to proof of stake. $BTC denominated return since then: -13%

All "cryptos" are going to 0* *when priced in $BTC The image below are the most popular cryptos listed on Coinmarketcap this day 5 years ago. Their price performance relative to $BTC since then: Ethereum (ETH): -10% Ripple (XRP): -82% Bitcoin Cash (BCH): -97% EOS: -98% Litecoin (LTC): -81%

Cash Holdings of Big Companies:

Cash holding of big companies ($ billion): Alphabet: 113.8 Microsoft: 104.8 Amazon: 70.0 Apple: 48.3 Meta (Facebook): 40.7 Berkshire Hathaway: 35.8 Tesla: 22.2 Nvidia: 13.3 (as of most recent annual filing)

Many people believe that the US is spending TOO MUCH on defense, which leads to overspending, huge deficits, and debts. The data says otherwise. The US gets it's income from taxes, and uses that money to fund it's spending programs. Tax income growth has outpaced spending for defense from 1971 until now (shown in the chart below). In my opinion the bigger issue is that the US is not spending *enough* for defense.

In the short term, all roads lead to #Bitcoin. (a) banks fail, trust in banking is lost, money flows into Bitcoin (b) banks bailed out by government with freshly printed money, inflation rises, money flows into Bitcoin

Aging demographics are a big problem for the United States. Spending on Medicare is one the biggest contributors to the US's over-spending problem. Over the past several decades, the growth in spending for Medicare has far outpaced the growth in income that the US receives through taxation. Specifically since 1971, US's income from taxes(bold black line) has 26X'd, but spending on Medicare has 190X'd. Income from taxation is not growing fast enough to keep up with this level of spending.

The VIX today closed at similar levels to what it experienced during the peak of the equites bull market in January 2022. The Volatility Index (VIX) or "fear gauge", is a tool used to measure uncertainty in equity markets. As measured by the VIX, equity markets are predicting little in terms of future expected volatility. "Fear" in markets is low. $SPY $VIX

The VIX today closed at similar levels to what it experienced during the peak of the equites bull market in January 2022. The Volatility Index (VIX) or "fear gauge", is a tool used to measure uncertainty in equity markets. As measured by the VIX, equity markets are predicting little in terms of future expected volatility. "Fear" in markets is low. $SPY $VIX

“Just like there is no spoon inside The Matrix, there is no "stake." The term "stake" is just a metaphor for the special administrative privileges given to users who own ETH. It's purely an imaginary concept, an object-oriented software abstraction that doesn't physically exist and therefore is physically impossible to verifiably decentralize. "Stake" (and consequently the special administrative privileges it represents) cannot be decentralized anywhere except exclusively within people's imaginations because "stake" itself is an abstract concept. Proof-of-stake systems are what's known as decentralized in name only (DINO) systems because it's physically impossible to verify that "stake" isn't already majority-owned by a single person or institution” Jason Lowery

#Bitcoin holders will inherit the earth: “because global leaders don't understand computer theory well enough to understand that the term "bitcoin" is purely an arbitrary name, or because researchers aren't taking these theories seriously, this could mean that nation states are allowing themselves to become among the last institutions to establish a foothold in this potentially strategically vital space within cyberspace. This could upturn global power projection dynamics and dramatically restructure the digital-age geopolitical environment, exactly as planetary-scale computing theorists predict will happen.” -Jason Lowery

From 1868 until 1913, 90% of all federal revenue came from taxes on liquor, beer, wine, and tobacco.

Top #Bitcoin related app store downloads: 1. Cash App (Bitcoin only) 2. PayPal 3. Venmo 4. Fidelity 5. Robinhood 6. Webull 7. Coinbase 8. Trust 9. Binance 10. Crypto dot com

The global superpower countries are at a stalemate because the threat of mutual nuclear annihilation. So, the only way a superpower can be destroyed is from within.

The US government is adding to the national debt at an astonishing rate. So far this fiscal year(Oct 22 until now), the Federal government has ran a budget deficit of $1.1 trillion, or 65% more than the same time last year. In total, the budget deficit for 2022 was $1.4 trillion. At the current rate, the budget deficit will be $2.3 trillion for 2023. Near emergency COVID levels. The main driver of the increased budget deficit is the increase in the interest expense paid by the US Treasury to service it's outstanding debt. The interest expense increases as the Fed raises interest rates, which they have done since early 2022.

The US government is adding to the national debt at an astonishing rate. So far this fiscal year(Oct 22 until now), the Federal government has ran a budget deficit of $1.1 trillion, or 65% more than the same time last year. In total, the budget deficit for 2022 was $1.4 trillion. At the current rate, the budget deficit will be $2.3 trillion for 2023. Near emergency COVID levels. The main driver of the increased budget deficit is the increase in the interest expense paid by the US Treasury to service it's outstanding debt. The interest expense increases as the Fed raises interest rates, which they have done since early 2022.

The world is severely short #Bitcoin . 19.4 million total $BTC are in circulation, or about 92% of the 21 million bitcoin that will *ever* be mined. Only 8% of the supply is still up for grabs. #Bitcoin  stands alone as the only significant proof-of-work asset, it's 21 million supply cap is actually credible, and it's invention can't be replicated. Everyone needs Bitcoin whether they know it yet or not, because it's the strongest form of property a person can own. Eventually, everyone will catch on to this. I estimate that than 1% of people truly understand #Bitcoin  and are buying as much of the supply as they possibly can, holding, and not selling at any price. What happens to the $BTC price when the other 99% of people decide they want to get their hands on the remaining 8% of the supply?

The world is severely short #Bitcoin . 19.4 million total $BTC are in circulation, or about 92% of the 21 million bitcoin that will *ever* be mined. Only 8% of the supply is still up for grabs. #Bitcoin  stands alone as the only significant proof-of-work asset, it's 21 million supply cap is actually credible, and it's invention can't be replicated. Everyone needs Bitcoin whether they know it yet or not, because it's the strongest form of property a person can own. Eventually, everyone will catch on to this. I estimate that than 1% of people truly understand #Bitcoin  and are buying as much of the supply as they possibly can, holding, and not selling at any price. What happens to the $BTC price when the other 99% of people decide they want to get their hands on the remaining 8% of the supply?

58 days to reach a $1M #Bitcoin price or @balajis loses his bet. Bitcoin price has appreciated about 17% from the $26k price when he made the bet. $1M is a 3,189% increase in $BTC price, or 6.2% compounded daily for 58 days. Seems doable.