I don't care that Donald Trump is pandering to #Bitcoin.
I do care that of his hardcore fanbase of 40 million Americans probably at least 1 million (1 in 40) are about to become #BTC-curious in the next 6 months.
To everyone who feels unhappy that the largest Bitcoin conference in the world has turned into a mainstream political event:
this ship has sailed years ago when Bitcoin shifted from banking the unbanked to teaching institutions how to HODL.
Then Elizabeth Warren came after Bitcoin, the Biden administration imposed stricter regulations, and wealthy American bitcoiners responded by supporting the competition.
Politicians want to get elected, businessmen want to protect their businesses. This is how the world works.
Bitcoin becoming a mainstream political issue is good for Bitcoin. It proves that the project matured and plays a role in changing the world. It makes it safer for people to openly contribute to Bitcoin without fear of political persecution. It also makes your cold storage HODL stash and basement mining rig more socially acceptable (and therefore safer).
If you really don’t like mainstream Bitcoin, you should look into Monero or Zcash.
It's better than nothing, but if that's all you're able to save, you'll be living like the seniors who saved $250-$300K
When they were saving that money, it felt like a lot But when they retired, it probably felt like they didn't have even close to enough
$1M isn't enough to retire because the US dollar will continue to be devalued for a LONG time
In 25 years, $1M will have the same purchasing power as ~$200k today $2M will be worth ~$400k $5M will be worth ~$1M
This isn't because the money in your bank account will somehow disappear
It's because money can be printed faster than goods can be produced
I think we will see high inflation (I'm guessing ~5%) over the next few decades because the US will have to borrow more money to pay back the interest on its debts, adding more money to the economy each year
At a 10% growth rate, you'll need to invest $2500/month into the S&P 500 to get to $5M
The main reason people don’t buy #bitcoin is because they don’t understand that money printing cause inflation and that inflation is time theft, and that time theft is slow murder.
Over the past five years I’ve essentially begged my closest friends and family members to “just stack sats, regardless of price, for a minimum of ten years. Don’t sell any bitcoin during this time. Don’t buy any other cryptocurrency. Doing this will almost certainly change your financial future for the better.”
Results:
- 100% of them agreed to and initiated this plan.
- To date, 0% have maintained the plan.
- Some traded their bitcoin for crypto and are down big.
- Others sold their bitcoin near the 2022 bear market bottom.
- Most are still struggling financially and have little hope for their future.
- I still encourage them that it’s not too late to start over with the original plan.
- They think I’m a little crazy and (probably) just lucky.
The second largest institutional accumulation process of 2024 🔥
While many novice investors capitulated last week, with special emphasis on coins purchased between 1 and 3 months, institutional players carried out the biggest accumulation process since March.
The first months of the launch of Bitcoin ETFs were marked by an intense process of institutional accumulation.
However, a large part of this accumulation was the ETF issuing funds themselves.
On the other hand, last week an accumulation process of approximately 101.6 thousand BTC was recorded, but with a special detail: low volume of funding in ETFs and falling price.
This means that, unlike what was seen in March, which was a demand more linked to raising funds, the current institutional accumulation may indicate a true "buy the dip" process in large players.