24 reasons #Bitcoin is undervalued...👇🏼
1. Sound Money
Bitcoin is the most efficient form of sound money in existence.
It has historically maintained its value, has sufficient liquidity to buy or sell at any given time, is durable, portable, divisible, & it’s censorship resistant.
#Bitcoin is money for the people.
Bitcoin is the most efficient form of sound money in existence.
It has historically maintained its value, has sufficient liquidity to buy or sell at any given time, is durable, portable, divisible, & it’s censorship resistant.
#Bitcoin is money for the people.
2. Scarcity
$BTC is the first asset in existence whose supply is strictly limited.
No matter how many people join the network, how much the value rises, or just how advanced the equipment is that mines it, there will never be more than 21m $BTC in existence.
$BTC is the first asset in existence whose supply is strictly limited.
No matter how many people join the network, how much the value rises, or just how advanced the equipment is that mines it, there will never be more than 21m $BTC in existence.
3. SOV
Because of this strict limitation in supply, there is no technical possibility of increasing its supply to match an increase in demand.
In this way, $BTC acts as a whole new type of asset class, and may be one of the most efficient forms of a store of value ever seen.
Because of this strict limitation in supply, there is no technical possibility of increasing its supply to match an increase in demand.
In this way, $BTC acts as a whole new type of asset class, and may be one of the most efficient forms of a store of value ever seen.
4. Liquidity
$BTC has proven liquidity with large investors making trades in the billions of dollars
Institutions can buy or sell a tremendous amount of #Bitcoin through OTC markets or on the markets with minimal impact on price
Elon Musk & Tesla proved this a few weeks ago
$BTC has proven liquidity with large investors making trades in the billions of dollars
Institutions can buy or sell a tremendous amount of #Bitcoin through OTC markets or on the markets with minimal impact on price
Elon Musk & Tesla proved this a few weeks ago
5. Durability
Durability is a major issue for fiat currencies in their physical form.
U.S dollars can be counterfeited, torn, or otherwise rendered useless.
Bitcoin, however, is immutable, and is as durable as the hardware you use to store it.
Durability is a major issue for fiat currencies in their physical form.
U.S dollars can be counterfeited, torn, or otherwise rendered useless.
Bitcoin, however, is immutable, and is as durable as the hardware you use to store it.
6. Portability
$BTC is borderless and never sleeps, any amount can be sent across the world over the internet 24/7/365
This makes it not only portable, but also censorship resistant. Regardless of financial conditions, whether it be a pandemic or recession, $BTC is easy to move
$BTC is borderless and never sleeps, any amount can be sent across the world over the internet 24/7/365
This makes it not only portable, but also censorship resistant. Regardless of financial conditions, whether it be a pandemic or recession, $BTC is easy to move
7. Divisibility
A core characteristic of sound money is in its ease to transact.
$BTC is divisible up to 8 decimal points. The smallest unit, a “Satoshi”, is equal to .00000001 $BTC, allowing for quadrillions of individual units to be distributed throughout a global economy.
A core characteristic of sound money is in its ease to transact.
$BTC is divisible up to 8 decimal points. The smallest unit, a “Satoshi”, is equal to .00000001 $BTC, allowing for quadrillions of individual units to be distributed throughout a global economy.
8. Decentralization
The #Bitcoin protocol is secured by thousands of nodes distributed all across the globe.
Because of this, the network maintains uptime and is resistant to any single point of failure.
Anyone & everyone can participate in and help secure the $BTC network
The #Bitcoin protocol is secured by thousands of nodes distributed all across the globe.
Because of this, the network maintains uptime and is resistant to any single point of failure.
Anyone & everyone can participate in and help secure the $BTC network
9. Cutting out the middleman
Trust is hard coded in the #bitcoin protocol.
Instead of instilling our trust in banks or other financial intermediaries, we can instead place it in a distributed network of computers that allows for a peer to peer economy.
Trust is hard coded in the #bitcoin protocol.
Instead of instilling our trust in banks or other financial intermediaries, we can instead place it in a distributed network of computers that allows for a peer to peer economy.
10. Transparency
All transactions in $BTC are broadcasted out to the network & stored on an immutable ledger accessible to anyone at any time.
Everyone is in agreement with the current state of the ledger, & participants always have the ability to check up on and verify it.
All transactions in $BTC are broadcasted out to the network & stored on an immutable ledger accessible to anyone at any time.
Everyone is in agreement with the current state of the ledger, & participants always have the ability to check up on and verify it.
11. Security
$BTC uses SHA256, defined as one of the most secure ways to protect digital information.
The complexity of SHA256 & POW makes it not only prohibitively expensive, but virtually infeasible for a malicious actor to rewrite or reverse transactions.
$BTC uses SHA256, defined as one of the most secure ways to protect digital information.
The complexity of SHA256 & POW makes it not only prohibitively expensive, but virtually infeasible for a malicious actor to rewrite or reverse transactions.
12. First Mover Advantage
$BTC has a 1st mover advantage as a notable cryptocurrency & has developed a powerful network effect
It’s ability to combine network effects in the likes of Facebook along w a monetary incentive has led to growth never seen before on a massive scale
$BTC has a 1st mover advantage as a notable cryptocurrency & has developed a powerful network effect
It’s ability to combine network effects in the likes of Facebook along w a monetary incentive has led to growth never seen before on a massive scale
13. Adoption
The robustness & feasibility of $BTC as a digital payment solution has garnered the attention from the largest names in the financial sector
VISA, Square, PayPal, & even an entire country have expressed their interests in $BTC
$BTC is coming & it’s coming quick.
The robustness & feasibility of $BTC as a digital payment solution has garnered the attention from the largest names in the financial sector
VISA, Square, PayPal, & even an entire country have expressed their interests in $BTC
$BTC is coming & it’s coming quick.
14. Institutions
$BTC has proven itself as a store of value with significant liquidity, & has outperformed every asset class in existence
Because of this it’s gained lots of interest from institutions such as Tesla, $MSTG, & Greyscale $BTC trust
Combined, they own ~789k $BTC
$BTC has proven itself as a store of value with significant liquidity, & has outperformed every asset class in existence
Because of this it’s gained lots of interest from institutions such as Tesla, $MSTG, & Greyscale $BTC trust
Combined, they own ~789k $BTC
15. ETF’s
An ETF would pave the way for institutions, hedge funds, businesses, and less tech savvy individuals to buy #Bitcoin
Acceptance of $BTC as an ETF will allow for hundreds of billions of new dollars to flow into the market.
An ETF would pave the way for institutions, hedge funds, businesses, and less tech savvy individuals to buy #Bitcoin
Acceptance of $BTC as an ETF will allow for hundreds of billions of new dollars to flow into the market.
16. #Bitcoin vs Internet
#BTC is growing at a rate which has never been seen before
One of the most prominent displays of the power of Metcalf’s law & exponential growth to date is the internet, & $BTC is growing quicker than it
Think about that.
#BTC is growing at a rate which has never been seen before
One of the most prominent displays of the power of Metcalf’s law & exponential growth to date is the internet, & $BTC is growing quicker than it
Think about that.
17. Relative Size
#BTC has many technical advantages over gold as a SOV, but still has yet to take a significant amount of its market share
However, $BTC is growing quick, & will inevitably eat into a large portion of that share as the world turns to a more digital future
#BTC has many technical advantages over gold as a SOV, but still has yet to take a significant amount of its market share
However, $BTC is growing quick, & will inevitably eat into a large portion of that share as the world turns to a more digital future
18. Digital Gold
$BTC has proven to be a significant competitor to gold, and is arguably better as a SOV bc of its digital aspect & the ability to send any amount across the world in minutes
In many ways $BTC outperforms its competitor despite being a fraction of its market cap
$BTC has proven to be a significant competitor to gold, and is arguably better as a SOV bc of its digital aspect & the ability to send any amount across the world in minutes
In many ways $BTC outperforms its competitor despite being a fraction of its market cap
19. Layer 2
There are numerous efforts working towards scaling $BTC, with the most notable being Lighting Network
It allows for instant, high volume micropayments, & is capable of handling many txs per second, bringing $BTC speed to levels never seen before
There are numerous efforts working towards scaling $BTC, with the most notable being Lighting Network
It allows for instant, high volume micropayments, & is capable of handling many txs per second, bringing $BTC speed to levels never seen before
20. “Banking the unbanked”
With just a smartphone & internet connection, anyone can start using $BTC to send & receive money.
$BTC has the potential to help the unbanked by allowing them to create their own financial alternatives in an efficient, transparent, & scalable manner
With just a smartphone & internet connection, anyone can start using $BTC to send & receive money.
$BTC has the potential to help the unbanked by allowing them to create their own financial alternatives in an efficient, transparent, & scalable manner
21. Incentivizes renewable energy
#Bitcoin can act as a buyer of last resort to monetize energy sources where it previously was not possible
Isolated energy sources can connect to the grid & participate in the economy
This is one of the reasons mining is so popular in China
#Bitcoin can act as a buyer of last resort to monetize energy sources where it previously was not possible
Isolated energy sources can connect to the grid & participate in the economy
This is one of the reasons mining is so popular in China
https://twitter.com/nayibbukele/status/1402714926800674827
22. Inflation
Inflation in gov issued fiat currencies is rampant in third worlds countries and the United States, & has only shown signs of increasing.
As of Dec 16th 2020, 35% of all the US dollars ever printed by the gov were printed in the last 10 months
#bitcoin fixes this
Inflation in gov issued fiat currencies is rampant in third worlds countries and the United States, & has only shown signs of increasing.
As of Dec 16th 2020, 35% of all the US dollars ever printed by the gov were printed in the last 10 months
#bitcoin fixes this
23. Our Only Exit
Since the inception of gov issued fiat currencies, nations across the globe have been plagued with unlimited printing by irresponsible governments
The current system is not designed to succeed, but rather to delay its ongoing & inevitable destruction.
Since the inception of gov issued fiat currencies, nations across the globe have been plagued with unlimited printing by irresponsible governments
The current system is not designed to succeed, but rather to delay its ongoing & inevitable destruction.
24. A whole new type of asset class
On top of being the ultimate form of sound money, $BTC achieves powerful network effects bc every user benefits by bringing new users to the network
Think about it as if the internet had its own token, & we were on the ground floor.
On top of being the ultimate form of sound money, $BTC achieves powerful network effects bc every user benefits by bringing new users to the network
Think about it as if the internet had its own token, & we were on the ground floor.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
