In crises, markets sell what they can, not what they want.
#Bitcoin is down because it was the only market open to sell on Sunday night, not because the only fixed supply money we have is now less valuable.
#Bitcoin isn't hedging the broken financial system, it's replacing it.
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New Mailbag episode is out. I got pretty fired up on this one. These are the moments we've all been waiting for.
Stay humble and stack π«‘
Oh man, you gotta watch this. Jack is on fire and tells it how it is. Stop thinking we are stupid, bail out of this system and stack sats.
U ar right as usual sp0t on.
The βΏiggest asset & liabilitie$ is c0ncepts in Ur head like convincing U #bitcoin is created by Cocaine Imp0rting Agency & war ju$tifies printing m0re $.
kn0w what ar hard assets n0t any paper based $hit wit 0ccult sigil$.
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It's fascinating how the DowJones slides into less relevance as an indicator by the meere fact that crypto outtrades their speed. The fact that stocks don't have 24h trade yet, is baffling to me.
In a 24h world.
And there's no circuit breaker on bitcoin
Several brokers had outages during the best buying opportunities we've seen in years on many names. How convenient.
Meanwhile, over a billion $$ of margin calls on overleverage longs were cleared with little to no hiccups π€£π€£π€π»
Great points. Keep trucking Jack.
Where are you recording from? Is it a meme Iβm not in on? π
Becoming more and more clear that bitcoin is the only true free market. I suspect it will take decades for economists to understand the depth of its impact. Even today with its limited market share.
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Ppl (specially tradfi) don't understand what bitcoin is. They think it's some internet stock
Every time the market pukes, bitcoin goes down w/ it
The difference is, there is no system risk to bitcoin. It doesn't suddenly stop!
It will take years, but eventually people clue in
View quoted note β