In late 2004, the first U.S. based gold ETF was launched. The global market cap of all the gold above ground at the time was estimated to be $2.1 Trillion. Today, the market cap of gold is estimated to be a whopping $13.1 Trillion. That's a 12X for an asset that is 6k years old. Today, #Bitcoin   's market cap is (not estimated, mind you) $570 Billion, after only 14 years of existence. Now, I estimate that by the time Black Rock and the other filed ETFs get approved, BTC is likely to be higher in value. To be conservative, let's say $850 Billion.

🧵Have you ever wondered why money is not taught anywhere in the world? Because of this. 👇🏾 Look at it. This is your wealth, your savings, and all the time you put in to acquire it, going up in smoke by the millisecond. If time is the stuff that life is made of, this is your life If the masses mired down in debt, slaving their lives away, just to survive, ever caught wind of this, ever deeply understood this, they would revolt.

People today dumbed down by the lack of knowledge of what money really is (your stored time), still ask, Why #BTC?"  So sad.

🧵 #Bitcoin is owned by every major country in the world.

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It is being mined by the largest oil companies on Earth.

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#Bitcoin  is designed to be the soundest money (the hardest) the world has ever known, having greatly improved on all the qualities of gold. See image 1.

I am often asked, "Is there a point or a price at which I will ever stop converting dollars into #BTC  ?"

1/7 The USD is a fiat currency that has and will forever decline in value. See image 2.

It will never stop declining because of the need to keep the fiat system afloat as long as possible via perpetual debt creation and money printing at a faster and faster pace. See image 3.

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🧵 Many people refer to Satoshi Nakamoto as the creator of #Bitcoin. I don't see it that way. For me, Satoshi Nakamoto-san was the discoverer of Bitcoin, or digital scarcity, to be more precise. Let me explain.

The discovery of fire changed the entire course of the human race. Fire helped reduce deaths by protecting humans against the cold. It extended the lifespan of humans by allowing for cooked food, which helped unlock a higher level of energy from the food. Fire helped save lives by being a deterent to wild beasts and it gave us light in darkness.

🧵 So, it's time for me to join the conspiracy parade. I hope you don't mind.

China bans #Bitcoin  mining on May 2021 (red arrow). BTC gets cut by more than half as a result, falling from $64k in May to $29k by July 2021. Remember this date.
reuters.com/world/china/ch… July 2021, Black Rock's Larry Fink, steps up his media exposure to begin a #Bitcoin  smear campaign. Why this month? To take advantage of BTC's weakness and negative sentiment to try to crash it to the 200ma, which they know has always supported the price (blue arrow).

🧵 Because of my trading background, some bitcoiners have asked me "why is it that every firm seems to have their #Bitcoin  for sale at different prices at the same moment in time?" In most cases, this question stems from a misunderstanding of what "price" is. I'll explain. Price is not a single unit, as most believe, but rather an aggregate of many prices from the buyers and the sellers. The best price from all those who currently want to buy (bids) and the best price from all those who currently want to sell (asks), becomes the "price."

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🧵 Here is a quick lesson on scarcity, which brings about increased value and unlimited supply, which kills value.

When many of you and I were younger, music in general was at a higher caliber than what it is today. Talent is not even required anymore, like it used to be.

1/7 The messaging in most music used to center around love, happiness and inspiration, while today it's all about shock value. The more gross and crude you are, the bigger the fan base. The more disrectful you can be with your music, the more streams you get. Why happened?

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Many people don't understand how #Bitcoin  uses time to protect itself. Let me explain. #BTC  produces a new block, which contains a block reward of 6.25 BTC, every 10 minutes on average. To attack BTC, you've only got 10 minutes before it repopulates with a new block. 1/4 This means that you'd have to 1) somehow get all the computing power on Earth, including your and my computers and laptops too; 2) garner all the energy in the universe; 3) point all of that at the network to create a double spend; 4) all inside of 10 minutes. Impossible! 2/4

Things I wish. 🙏🏽 Part 1🧵:

I wish people would stop saying #Bitcoin  has an inflation rate. It doesn't. BTC is finite. A finite item can't have an inflation rate. This mistake stems from the fact that we have never had a finite item in the universe before Bitcoin. 👇🏽 Everything else is infinite in supply, meaning the ultimate number is never known, so it makes sense to calculate the rate at which new units come into existence (inflation). However, when you know the final supply up front, you don't have inflation. You have "issuance." 👇🏽

🧵I've been in the field of finance for over 40 years. Ray Dalio was one of three heroes I had during my journey. He wrote a powerful book titled The Changing World Order. It focuses on how the old powers are historically overcome by the new. Ironically, his book speaks to him.👇🏽 Ray Dalio, with all due respect, can not seem to see the coming change via #Bitcoin  for the same reasons he's outlined in his book about superpowers: 1) They become so successful within their own echo chamber they can no longer see anything of value outside of it; 👇🏽

🧵 I'm often asked, "What's my opinion of #Ethereum?" I have to admit. I made a 💩 load of fiat off #ETH which is 💩 that now yields 5% more 💩 via staking which now ensures it's nothing more than another 💩ty, unregistered, pump-n-dump security. We need more of these? Really?? It took me an #ETH move from $100 or so to over $4,000 to realize the bull 💩 . I did help my traders make a ton to get more #Bitcoin using it, but in truth we just got lucky. We just happened to have started at the right time. I don't recommend it.

🧵 I believe every family who holds #Bitcoin  as their savings the way they used to hold dollars as their savings, will eventually move from every member of the family working for others, to half of the family working, to none of the family members having to work for others. 👇🏽 This isn't financial advice, it's just what I believe and what has happened for many who have trusted BTC and held it through all. You need a decade approach to this, but then again, you need a decade approach to everything real in life, right? 👇🏽

🧵In a fiat based economy, brand-name price premiums can exist. On a #Bitcoin standard, BTC itself is the brand. Therefore, paying more than something is worth because of its name will be flipped to paying for things below their value. How else will people give up their #BTC? 👇🏽 I'm bearish on all these predatory, brand-name companies like Luis Vuitton and others. They have been allowed to exist and steal value from their patrons at an alarming rate because of a mindset created by a corrupted fiat system. BTC will return a "value for low price" world. 👇🏽

🧵 I met with someone here in Madrid who is part of a military council that meets every month. This council is made up of mostly high raking retired and some currently active military officers. I was fascinated by our conversation regarding their views of the Russia/Ukraine War👇🏽 I will highlight the most interesting points of our talk. These are not to be mistaken as my views, just what I heard:

1) Almost all conflicts advance the most during winter. Summer is often a period of "nothing." The next few months will be a big fat "0" despite billions spent