Top 10 Tweets - Weekend Edition
Bitcoin hits $49,700
Provocative article in today’s FT: “Bitcoin isn’t so much a bubble as ‘the last functioning fire alarm’ warning us of some very big geopolitical changes ahead.” ft.com/content/16a377…
"Around 2012 I asked [ ] if he was going to cash out [of ] after becoming a millionaire. To my surprise, he said he was almost completely cashed out. He quickly clarified, “of dollars.” -
Check out my latest YouTube video "Bitcoin and the rise of the megacorp" In this video, I cover: - What does it mean to have corporate treasuries buying Bitcoin? - How Bitcoin will help make companies independent of countries Watch now 👇 youtube.com/watch?v=VHffMm…
It's pretty mindblowing that the chart is damn near IDENTICAL to Aug. 2017 🤯 Anyone need a refresher for what happened next?
If I told you 1 is going to be worth ~$300,000 on October 21st, 2021 would you pay $46,000 today? Most don’t understand this.
US Federal Government debt. 2000: $5.6 trillion 2005: $7.9 trillion 2010: $13.5 trillion 2015: $18.1 trillion Now: $27.9 trillion
German hyperinflation from poorly managed money leading up WWII literally stunted the academic study of civilization and ethics, according to Albert Schweitzer's biography, Out of my Life and Thought. Take a moment to think about the non-monetary implications of bad banking.
Currently reading "When Money Dies" the history of hyperinflation in Weimar Germany. One of the wildest aspects I never knew was that early on people all thought they were getting rich. They were selling hard assets for what they thought were insanely high prices in marks!
The most prolific anecdotes were furniture and jewelry. People were selling all their everyday stuff not thinking to step two, which is they'd have to buy stuff to replace it.
this is making the rounds. here are some of the relevant excerpts from the book. It's a terrific read.
My latest article is out, focusing on the fiscal and monetary situation in Japan over the past three decades. lynalden.com/economic-japan…
2020: MicroStrategy got ~70,000 Bitcoin for $1B 2021: Tesla got ~40,000 Bitcoin for $1.5B It’s a race for who is next.
I post a lot of snark, but I also truly think everything could go 5-10x from here and it doesn’t really matter what you own since the dollar is getting violently inflated. DeFi volumes are real. Layer1 smart contract platform usage is real. BTC is king.
You will always be chasing rich until you accept you already are. Free yourself of that burden and you will find so much more is achievable.