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Bitcoin does not have competition.
A
from E23 of Swan Signal with @saifedean & @GeorgeGammon
Written for Swan by @rsarrow, subscribe to his newsletter for more great Bitcoin content http://robsarrow.substack.com
A
from E23 of Swan Signal with @saifedean & @GeorgeGammon Written for Swan by @rsarrow, subscribe to his newsletter for more great Bitcoin content http://robsarrow.substack.com
Over the past several months we have seen institutions, highly acclaimed macroeconomic investors & a renewed interest from retail in bitcoin.
MicroStrategy's $250 million investment in bitcoin was just the tip of the iceberg. https://twitter.com/rsarrow/status/1293171504662929409?s=20
MicroStrategy's $250 million investment in bitcoin was just the tip of the iceberg. https://twitter.com/rsarrow/status/1293171504662929409?s=20
Bitcoin is produced with fixed monetary policy & it accrues value based on a shared need for that policy. Bitcoin cannot print more just because bankers need it.
As it continues to appreciate it will become increasingly important and a part of company & individual portfolios.
As it continues to appreciate it will become increasingly important and a part of company & individual portfolios.
Longterm value accrues to the hardest money.
Gold should be viewed more as an insurance policy that allows the rich to stay rich. Whereas Bitcoin is an asymmetric bet where the positive upside outweighs the rest.
cc @real_vijay https://twitter.com/real_vijay/status/969591986662424576?s=20
Gold should be viewed more as an insurance policy that allows the rich to stay rich. Whereas Bitcoin is an asymmetric bet where the positive upside outweighs the rest.
cc @real_vijay https://twitter.com/real_vijay/status/969591986662424576?s=20
Bad money is naturally spent first while good money is saved.
Bitcoin is playing out Gresham's Law where no matter how good it is at making payments it will still continue to be saved until fiat is no longer in circulation.
cc @ProofOfSteve https://twitter.com/ProofOfSteve/status/1160595402678128640?s=20
Bitcoin is playing out Gresham's Law where no matter how good it is at making payments it will still continue to be saved until fiat is no longer in circulation.
cc @ProofOfSteve https://twitter.com/ProofOfSteve/status/1160595402678128640?s=20
Economics is not a rate race.
The current financial system has forced everyone to become a speculator on assets like stocks and real estate. There is no incentive to save when the fiat purchasing power continues to drop.
The current financial system has forced everyone to become a speculator on assets like stocks and real estate. There is no incentive to save when the fiat purchasing power continues to drop.
Bitcoin is native to the internet.
If software gives everyone access to saving money it will fix an enormous number of issues that plague our world.
Therefore Bitcoin does fix this. https://twitter.com/100trillionUSD/status/1186220839915737088?s=20
If software gives everyone access to saving money it will fix an enormous number of issues that plague our world.
Therefore Bitcoin does fix this. https://twitter.com/100trillionUSD/status/1186220839915737088?s=20
The price rise of Bitcoin will be met with skepticism.
As more countries around the world face hyperinflation, it will not be unheard of to see governments acquiring Bitcoin as a hedge. https://twitter.com/matt_odell/status/1273329846702178306?s=20
As more countries around the world face hyperinflation, it will not be unheard of to see governments acquiring Bitcoin as a hedge. https://twitter.com/matt_odell/status/1273329846702178306?s=20
The current SWIFT system is costly to maintain and beyond inefficient.
While Bitcoin is an efficient substitute allowing governments to send large quantities of value between one another.
SWIFT is a car driving cross country while Bitcoin is a plane flying around the world.
While Bitcoin is an efficient substitute allowing governments to send large quantities of value between one another.
SWIFT is a car driving cross country while Bitcoin is a plane flying around the world.
US GDP is made up of 50% government spending & 50% production.
Prior to the Fed the productive part of the economy was above 90%. Even if we could eliminate the $26 trillion from our balance sheet we'd be left with an economy built around government spending and inefficiencies.
Prior to the Fed the productive part of the economy was above 90%. Even if we could eliminate the $26 trillion from our balance sheet we'd be left with an economy built around government spending and inefficiencies.
You grow to have an appreciation for every day Bitcoin has not failed.
The complete episode
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The complete episode
Subscribe to the channel: http://youtube.com/swansignal?sub_confirmation=1
Follow @rsarrow and subscribe to his newsletter for more great Bitcoin content http://robsarrow.substack.com
