Hal's avatar
Hal
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Played the fiat game pretty well, started understanding the sound money game in 2017 and like it much better. Try my podcast, feedback welcome!
“And when it comes to Bitcoin, the sooner you react, the better. So whether you're a country or a corporation or an individual person, you get to find out if you're proactive or reactive when it comes to Bitcoin right now.” From Unblocking Crypto: Episode 148 - Privacy for the win in Tornado Cash trial, Dec 3, 2024 This material may be protected by copyright.
Over an hour at the bank and a $40 fee to set up a wire for that won’t go through until tomorrow morning. #Bitcoin is already better than the legacy system for some transactions. Can’t wait for widespread adoption.
A little taste of what will happen when the ETFs are approved and financial advisors start putting people into Bitcoin. When the largest shareholders of news media outlets want people to buy Bitcoin. Price escalation is going to bring other people on the sidelines in with a Venturi effect. Then the halving will hit. View quoted note →
@Peter McCormack host @Jeff Booth and George Gammon debate the future on a bitcoin standard. Seemed like Jeff’s Time Machine was able to go a little further into the future compared to George’s. Changing the money is a changing a linch pin variable, so being predictive is wildly difficult, but plenty to think about here. They debated, but it’s easy to agree with both of them. I lean more toward George’s side, Jeff’s seems too idealistic and would take longer and thus be less probable. Essentially George has Bitcoin as a store of value and a medium of exchange, though not exclusive. Jeff has all that plus unit of account. It feels like a bitcoin unit of account is very far away, but store of value and medium of exchange are just out of reach today. I tried watching the Republican debate tonight and turned it off. Unwatchable. These two are way more intelligent and professional than anything on the political debate stage.
Love it when you zoom out. Last cycle had headwinds and essentially went from ~$10k in the last 15% of time before the halving to $60k. ~6x. If cycles continue and we only get 6x this time around, that’s $150k-$180k per bitcoin. With some tailwinds like the spot ETF and FASB accounting rules, could be a fun ride. View quoted note →
Agree with this: the clowns that pull the levers are still pulling the same levers. They aren’t even aware that there’s a smoldering problems. I do think that it is accelerating, but still a long way to go before we run off the cliff, then we have to actually look down before we fall. View quoted note →
Just listened to Bitcoin Audible #765 with @Guy Swann and something finally clicked at the extent of the Ponzi. There is no market for houses or cars without borrowing against your future earnings. The market for $80k cars (if everything is paid in cash) isn’t enough to support production. But, the market for a $1250 per month for 60 months car payment is there. The entire debt based economy is just pulling forward future demand, so it’s a matter of time before it gets out over its ski’s and falls forward into recession. People make better decisions in a sound money economy. This helps explain why so many people are making so many bad decisions.
Death Cross for #Bitcoin One more buying opportunity before the #GBTC ETF, FASB changes, and halving.
I really like the zoomed out price charts to support the bull thesis right now. You can feel the increased demand. That’s all Bitcoin needs is increased demand, supply side is known. View quoted note →
One of my favorite things about Bitcoin is that it is generally adopted first by those who need it most. As long as it doesn’t somehow fail, they will reap the rewards of early adoption.