The FOMC press conference is over, Jerome is offstage, and the markets are not following the familiar script of dumping through the close.
This is the turning point.
Yields will fall, the dollar will top, and Bitcoin and equities will rip through year end.
Watch and enjoy!
Solana is broken. Ethereum gas fees are so high that it's essentially unusable. Cardano is going to zero.
Meanwhile,
#Bitcoin
issues a new block every 10 minutes like clockwork.
This isn't rocket science, folks.
A lot of large and important institutions bought
#bitcoin
over the summer. They will announce their purchases between September 7 and November 19. Enjoy the fireworks.
I have purchased an additional 10.6 bitcoins for ~$500,000 in cash at an average price of ~$47,330 per
#bitcoin
. Thanks
@saylor
for the inspiration and Happy New Year to all!
I called Merrill and Vanguard and told both companies that I’m pulling all of my money from all accounts. The rep at each company connected me with a senior account manager and in both cases that person apologized profusely for management’s lack of vision, admitted they owned…
BREAKING: The head of the FBI's new cryptocurrency unit says the agency won't even bother seizing Cardano from criminals since it's going to zero on its own.
When Apple or Amazon announces they've added
#Bitcoin
to the balance sheet, Bitcoin will go up $20,000 in a single 1 minute candle. Do not get caught offsides.
If SBF is prosecuted in the US he will likely flip and provide incriminating information on Tether, Bitfinex, and Binance to the authorities in order to receive a lesser sentence. This information has the potential to demolish what remains of the crypto industry. Hold on tight.
I’ve reduced my Ethereum exposure to nearly zero. I just don’t see it as a productive asset class anymore. All the brainpower has shifted to
#Bitcoin
. Ethereans can only talk about Defi, NFTs, and speculation. Feels boring, unproductive and has no economic rationale. Fool’s coin.
Now that CZ and Binance have been removed from the field, the SEC can approve the spot ETF and Blackrock, Fidelity, Invesco and other large players can take over. This is how the game is played.
Just spent 15 minutes talking about
#bitcoin
one on one with the CEO of Charles Schwab. I'm telling you guys. If you're not bullish yet, you should be.
So we all agree that this
#Bitcoin
price correction is a coordinated attempt to wreck El Salvador and stop other countries from adopting BTC as legal tender?
With the money Elon Musk spent to buy Twitter shares, he could have given every American family $2,000,000, a house in Bel Air, 2 Bentleys, lifetime Netflix subscription, and still had enough left over to save all endangered animals and cancel all student and medical debt.
#Bitcoin
is not done liquidating large players. They will take it down to a level that will cause the maximum damage to the most overexposed players like Celsius and then suddenly it will bounce and go higher once those firms are completely obliterated. A story as old as time.
Ethereum is too expensive, Solana is broken, Cardano doesn't even exist. It's a shit show out here in crypto. Thankfully all the talent and interest is flooding in to
#Bitcoin
now.
Sold the rest of my Ethereum today for
#Bitcoin
. Just can't justify owning a broken protocol. Nobody I know uses Ethereum IRL. All the people that I knew that used it, are now using Solana for Defi, NFTs, and speculation. Not sure what other use Ethereum can possibly have?
#Bitcoin
is going to be legal tender in at least one US State by the end of 2022. Texas, Arizona, California, and Michigan are all in the running. The price could easily gap to all time highs on the first announcement and the shorts are terrified.
I got Warren Buffett on the phone for a few minutes this afternoon and offered to help him understand
#Bitcoin
. He asked me to fax some materials on how the business model works.
If Russia attacks Ukraine and the Fed raises rates 17x,
#Bitcoin
is going to $1,000,000 by 2030.
If Russia doesn't attack Ukraine and the Fed gets cold feet after a couple quarter point hikes,
#Bitcoin
is going to $1,000,000 by 2030.
The DOJ is preparing criminal indictments against Binance.
Nexo was raided by 300 police officers this morning.
Gemini and Genesis were sued by the SEC a few minutes ago.
Metropolitan Bank pulled support for Crypto .com this week.
And people are celebrating a pump for ants 🤣
If you're holding 2
#Bitcoin
right now and also have the fortitude to hold until 2035, you will be welcome at my citadel anytime and won't have to work a day for the rest of your life.
It's amazing that
#Bitcoin
is available for sale at $40,000. People are literally selling an asset that has a 94.5% chance of hitting $400,000 at least once by 2026. Insane when you really think about it.
Facebook is down 53% year to date.
Paypal is down 64% year to date.
Netflix is down 70% year to date.
Shopify is down 77.5% year to date.
Carvana is down 91.5% year to date.
And you're sitting here with a straight face trying to tell me that
#Bitcoin
is the problem? 🤣
We’re at $56,800 Bitcoin and the retail crowd is eerily quiet. People must be too busy with their kids, day jobs, and Instagrams. I didn’t receive a single inbound text from a nocoiner friend this week so far. Search traffic is anemic. All the action is driven by corporates,…
After holding ETH since 2020, today I cashed out. It’s not for me anymore. In between the obscene gas fees, loss of ETH through failed transactions and even the problems with moving to POS …even Vitalik now sounds depressed. I’m done. I’m all in on
#Bitcoin
$BTC
Heavy selling pressure on BNB but someone is working really hard to hold the price up. I wonder who that could be. Would have to be someone who needs the BNB token to have value in order to stay solvent. Nobody immediately comes to mind.
I have spoken with executives from nearly every top 10 asset manager over the last 30 days.
Every firm is thinking about and working on
#Bitcoin
and Bitcoin-adjacent ideas.
Hex is a blatant Ponzi scheme, Celsius is an unregulated fractional reserve bank with no FDIC insurance, Solana is a centralized database that constantly breaks, and Cardano took years to deliver a Blockchain with little significant utility or differentiation.
This is crypto.
Elon Musk paid $44B for a social media app that has no advertisers.
Sequoia and Tiger Global paid $32B for a crypto exchange that has no net assets.
Ethereum buyers are paying $1,200 for a token that has no future.
What else?
The year is 2035.
#Bitcoin
has plummeted from $7,200,000 to $4,950,000.
Commentators on CNBC and Twitter are talking about how BTC is a poor store of value.
Ethereum looks sick. The world computer and ultrasound money narratives have failed. Defi and NFTs have largely been abandoned. Vitalik and other insiders are looting the protocol and transactions are easily censored by governments. It’s a disaster. Today I am selling my ETH.
Institutional investors are quietly buying now. They will wait to announce their investments until
#Bitcoin
is back at all time highs in the fall. Don't be the person buying their announcements. Buy now and front-run the smartest money on the planet.
Facebook down another 2% today after losing 26%+ yesterday. Dow and S&P in the red.
#Bitcoin
+7%
The prophecy has been fulfilled. Behold the decoupling.
I just got off a Zoom with a top 5 executive at one of the largest asset managers in the world. They are moving aggressively to add
#Bitcoin
exposure in 2022. I can't imagine being bearish right now.
Blackrock, Fidelity, Invesco and other major spot Bitcoin ETF issuers are probably going to need several million Bitcoin to satisfy consumer demand over the next 24 months.
Where are they going to find that much physical BTC without driving the price to $200,000+?
LOL. Somebody market sold more than $1.5B in Bitcoin and the market is down less than 5%. There is so much demand. Keep those fat finger sells coming!!! Too funny 😂🤣
BREAKING: Michael
@Saylor
says if FASB fixed accounting treatment, FDIC updated rules for banks, and SEC approved a spot
#Bitcoin
ETF that the price of Bitcoin would surge "10 fold"
On the day
#Bitcoin
breaks $1,000,000 for the first time, how many people do you think will show up here to complain that they paid $38,200 instead of $35,800?
No matter what is going on in your life at the moment... take a deep breath and accept the fact that
#Bitcoin
is eventually going to be worth $300,000.
At 20 you want a job, at 25 you want a career, at 30 you're hopefully smart enough to realize that neither will necessarily make you financially independent.
Bitwise has confirmed they have $100M+ of investor commitments for tomorrow on day 1.
I'm certain Blackrock is hoping for $3-4B.
Invesco/Galaxy will also come out swinging.
That's a lot of corn. Hope the exchanges are ready.
I bought Berkshire shares in 2007 and went to Omaha in 2010 for the shareholder meeting.
I've always admired Buffet's value orientation.
But after hearing his
#Bitcoin
rant today I am slashing my stake.
Berkshire won't outperform with a CEO & board that fears societal change.
I've been following Ethereum closely. Vitalik and the early insiders continue to change the rules and modify the code. Now some are threatening to abandon the project altogether in the face of government intervention. I'm not waiting any longer. Today, I am selling all my ETH.
I’m becoming increasingly concerned that Bitcoin is about to experience an extreme systematic supply crisis. The supply on exchanges is dropping precipitously, long term holders won’t sell, ETFs are coming, and supply issuance gets cut in half in April. Truly insane and scary.
Last night Hex collapsed. Today, it's Celsius. CEL has fallen over 25% in the last 24 hours to 50 cents. The all time high was $8. There are increasing rumblings about insolvency. If I was a user, I would withdraw all my
#Bitcoin
ASAP. Don't wait until they close withdrawals.
Bitcoin hanging by a thread.
Tether starting to depeg.
Binance facing criminal indictments.
Crypto .com, Nexo, and Kucoin are likely insolvent already.
Things are about to get crazy. Be prepared.
Look, it's really simple. Once this
#Bitcoin
mini panic is over, the price will go back up. Tens of billions of dollars of new capital is going in to mining, software, and infrastructure over the next 12 months. Adoption continues and the plebs and tutes are stacking and hodling.
Coinbase and Microstrategy will open +10-15% tomorrow
Some of the
#Bitcoin
miners will open over +20%
Tomorrow will be an absolute bloodbath for the bears. Unfortunately there will also be bankruptcies and suicides.
Quite a thing to be a witness to history as it’s being made.
If Binance implodes, it will almost certainly happen simultaneously with the de-pegging of Tether. The recent massive USDC/USDT trades are a warning. Be prepared.
Is anyone else concerned that Tyler and Cameron Winklevoss appear to have quit crypto to tour full time this summer with their rock band Mars Junction? Their Twitter bios have completely scrubbed all mention of Gemini and Winklevoss Capital.
If the ETF is approved today, Blackrock, Fidelity, Invesco, and Bitwise will literally be in the Bitcoin spot markets bidding for billions of dollars of corn TOMORROW. I’m getting the sense that most people are simply not prepared for this and it will be glorious.
At 25: I want a mansion. a Lamborghini, and a model girlfriend.
At 35: All I want is a quiet life, enough money to be comfortable, and a good spouse.
Very Common.
Coinbase's debt is trading near 60 cents on the dollar despite the fact that it has enough cash to buy back all outstanding debt and still have billions on the balance sheet. This discount reflects both short term fear and long term doubt about the sustainability of crypto itself