I'm tired of novices with no real market experience touting the idea that bitcoin is manipulated, just because the USD denominated price is not moving the way they think it shoulf be moving. 🤦🏾
Bitcoin is the freest market in the entire world. It can't ever be manipulated more than anything else on planet Earth that you know.
Let's drop this dumb narrative. Bitcoin just allows anyone to be either smart or stupid with their money 24/7/365.
That's a good thing. Just stack harder on the dips and declines. That's all. 🙏🏾
Every day bitcoin spends below $100,000 in USD denominated terms, the grater your generational wealth and freedom will be in the future.
The longer you hold back the inevitable, the greater the inevitable will be.
Take full advantage of this period. It won't last long.
INTERESTING OBSERVATION 🧵:
The higher #bitcoin rises in USD terms, the higher the level of "dumb" from its naysaying no-coiners.
I have been dealing with "dumb" since I began publicly espousing the virtues of #btc when it was as low as $3,800. But what I've noticed is that the level of stupid back at $6,300 is not the same as the level at $63,000. Today's dumb is just dumber.
This makes sense when you think about it, though. Let me explain. Doubting the value of #btc today:
- after it has more than 10xed on you;
- after it's outperformed every asset class;
- after regulatory clarity;
- after spot ETF approvals in the US;
- after the start of real institutional adoption;
- after small nation state adoption;
- after FASB rule changes:
- after the start of corporate treasury adoption;
- after #btc miners going public;
- after MSTR’s mega success w/ a BTC strategy;
- after transacting more than Visa & MasterC;
- after U.S. presidential election relevance, and
- after watching me win over and over and over
(just thought I'd add that one 🙃);
You have to be EXTRA dumb to doubt it today. At #BTC $6,300, none of these things really existed. Today at #BTC $63,000 you have them all.
MY MAIN POINT
Stupidity regarding #bitcoin will only rise. It won't fall, simply because as #BTC proves itself more and more; it requires a higher level of "dumb" to deny it. In other words, the rise of your wealth will coincide in lock step with the rise of stupidity. And as my dad used to say, “You can't fix stupid.”
#stackharder