We’re in the part of the cycle where my father in law is very satisfied with the performance of his bitcoin and texts me about it.
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Last year my father told me that I was right about bitcoin. But he also said that he is now too old to start with saving in sats 🥲 it's really sad, when you realize that your parents pretend to be old
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Cute that he sends you a rose... Typical Arabic dad
Not opinion. Just math. 😎
My teen just got his first paycheck. $40 is now in cash, $50 is on his Venmo and $200 is going straight into Bitcoin. I'm going to give him full access to one of my brokerage accounts.
one proviso ... DO NOT SELL ... I'll buy it off him if he needs some cash ....
This kid is gonna make it ... in 8th Grade he set up a homework completion service .. he had customers, sub contractors , accounts payable, accounts receivable. He had struggling students buying and had nerds selling their services. He skimmed the middle for profit.
Teachers busted that up and he resorted to buying fake designer sneakers from China on EBAY and selling them for full authentic retail to his buddies. $35 cost basis ..... $200 retail.
Does tether growth affect your fiscal dominance thesis?
They print money sort of like banks, right?
No it doesn’t affect my fiscal dominance thesis.
But it does digitize the Eurodollar system and make dollars more globally available.
Thanks so much for responding
Fiscal vs monetary dominance is not binary, but a speedometer. To make it binary you have to draw a line somewhere.
How much newly printed money ( by non-governmental entities such as Banks or Tether)
Moves the needle significantly away from fiscal?
😎
Feels good to be vindicated. Ahah
It’s nice to be validated by those closest to us.
😳