In crises, markets sell what they can, not what they want. #Bitcoin is down because it was the only market open to sell on Sunday night, not because the only fixed supply money we have is now less valuable. #Bitcoin isn't hedging the broken financial system, it's replacing it.

Replies (42)

Preach. However, Trump isn’t the answer. I had to stop listening to your podcast after it turned into a Trump show. I just can’t understand how he’s duped so many smart people.
On a side note, amazing that you haven’t been tempted to put a single article of clothing in your closet. Discipline at its finest.
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Octothorpe 1 year ago
Oh man, you gotta watch this. Jack is on fire and tells it how it is. Stop thinking we are stupid, bail out of this system and stack sats.
U ar right as usual sp0t on. The ₿iggest asset & liabilitie$ is c0ncepts in Ur head like convincing U #bitcoin is created by Cocaine Imp0rting Agency & war ju$tifies printing m0re $. kn0w what ar hard assets n0t any paper based $hit wit 0ccult sigil$.
It's fascinating how the DowJones slides into less relevance as an indicator by the meere fact that crypto outtrades their speed. The fact that stocks don't have 24h trade yet, is baffling to me. In a 24h world.
Several brokers had outages during the best buying opportunities we've seen in years on many names. How convenient. Meanwhile, over a billion $$ of margin calls on overleverage longs were cleared with little to no hiccups 🤣🤣🤙🍻
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CASCDR 1 year ago
Great points. Keep trucking Jack. Where are you recording from? Is it a meme I’m not in on? 😂
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dankswoops 1 year ago
No but I'm a dev building nostr layer 2 and I run all three nodes.
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dangershony 1 year ago
I think it is more because bitcoin is consid a risky investment