An eight part video thread about #Bitcoin the #BitcoinLaw and the incredible work of @nayibbukele and @jackmallers
The arguments against #bitcoin just aren't good arguments. Arguments against El Salvador will be just as unfounded.
Let's be clear. Inflation is harmful.
The data is in on inflation.
And developed countries are choosing to not change course. They're choosing to continue to print money despite the truth that it's harmful.
Beyond inflation, countries that are struggling deal with fees that many people in the wealthier nations never even think about. The expression, "It's expensive to be poor," comes to mind.

Remittance fees are unnecessarily heavy, and prey on people's lack of choice.
Most actions worthy of respect are mocked. Bravery doesn't have an immediate reward. It's one that builds over time as the doubters fade away and the truth shines through.
The actions to pass the #BitcoinLaw law are actions of bravery, consideration, and wisdom. I believe they will spark innovation and a better future.

And anyone who chooses to act to make the world a better place is of immense value to the world.

Thank you.

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More from @JoshTerryPlays

29 Dec 20
Big institutions currently have about ten trillion dollars invested in alternative assets.

Alternative assets are things that offset the movement of the stock and bond markets. They're used for more risky or uncorrelated investments.

Thread below about #BTC
There's almost five hundred billion dollars worth of bitcoin.

$498,033,281,511
Price per bitcoin - $26,843.00

If large institutions moved one percent of their alternative asset allocation into bitcoin, then bitcoin would be worth $36,244.44
There's roughly nine trillion dollars worth of gold in the world.

$9,000,000,000,000

Which is about five and a half times the value of the company Amazon.
Read 9 tweets
23 Dec 20
People keep talking about how insane the valuations in the markets are right now. Let's look at some ridiculous math. Maybe it's not what you think.

Here's the M3 money supply at the beginning of the year.
And here's the M3 money supply at the end of this year.
We have about 3.4 trillion more US dollars wiggling around the United States.
Read 14 tweets

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