In a single day, the US added more than half of #Bitcoin’s entire market cap in debt. That’s something like 10 million BTC. And yet there are still people that are unsure if $27k is a good price to buy. 
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Replies (29)
We’re getting rugged
I think hyperinflation will beat even my (Austrian) expectations.
It was once said that Bitcoin will melt faces. More accurately I like to think it will solidify dreams of a better future. It does this every day
Conversely, hyperinflation will shatter dreams.
Thank you for this framework and eye opening post. I will use it to show the people I care about. I want their dreams which they have worked so hard for to become realized.
😂
Imagine what the real numbers look like...
How do you measure the real number, though?
The higher the "official number" would be, the fewer Bitcoin it would buy.
I was on usdebtclock.org the other day, and they added a whole bunch of new datasets. I just love watching the numbers spin... helps me sleep at night
Ain’t that something
Great. My savings just got devalued. Syke. It's all in bitcoin!
This is fine 🔥🔥
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That's a striking metric
That's crazy 🤯
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🤦♂️ that debt clock is a ticking 💣
I agree but - as a class ‘21 maxi hodling for NGU - the question remains what is going to trigger bitcoin’s next leg up? Does it have to be the halving? Feels like with the chaos ensuing in our national accounts and in the equity and credit markets, asset allocators would start to drive up demand now by front-running the halving. But we haven’t seen that ~200 days away from Apr’24…
Definitely $127k is a better price hehehe
C'est quasiment tous les États qui sont en sur endettement, des chiffres exponentiels sauf certains Souverains qui gèrent certaines réserves d'or d'autres États de l'Europe la Norvège par exemple et un autre pays dont il reste encore des réserves de pétroles chez les princes du désert du Moyen-Orient: le Qatar
Consider Bitcoin as a treasury asset. Then the price of bitcoin is the opportunity cost, not the dollar value.
Good time to buy Bitcoin is a personal question.
How I see it anyways. Government debt as a treasury asset seems risky. All the same volatility and negative upside.
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-50% since March 2020 💀 💀
fiat is dying
There's no point in talking mate, people and the traditional market still continue to believe that the colored paper backed by the honesty of politicians will solve (salve) the financial problems that they themselves created. People as a whole will only learn when it is too late.
Patience, grashoppa
A faithful Tether fanboy insults USD🤡
Simply unsustainable
baca 👇 kapan lagi dapat harga semurah ini??
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Gah! I wish I'd bought at $27k!!!
That's back when I thought BTC was dumb...
What would you have sold at?