Misunderstanding UTXOs will lead to problems with spending your Bitcoin in the future.

Transaction fees are the lowest they've been in 2 YEARS - consolidate your UTXOs!

UTXO management and consolidation for beginners:

(THREAD 👇) BTC is the currency issued by the Bitcoin network.

Every time you receive BTC, you receive a small bundle of "satoshis" (1 Bitcoin = 100,000,000 Satoshis).

Each bundle of coins you receive is called a Unspent Transaction Output (UTXO).

XRP is a scam.

Banks will never use XRP.

They will use some form of USD backed by Bitcoin, or just straight up Bitcoin.

Let me explain: XRP is not decentralized.

The developer for XRP is Ripple Labs.

Banks don't want to be taken advantage of.

They are the ones who take advantage of others.

In this thread, I'm going to address some questions I get regularly:

1) "If Bitcoin is the best money, why do we value it in dollars?"

2) "How can we use Bitcoin as money if it's not stable?"

3) "How can we use Bitcoin as money if it's so slow?"

(THREAD 👇) 1) Most of the world does not understand money

We are brainwashed to believe that pieces of paper issued by governments must be used as money

When you combine this with the fact that 99% of people have no idea what Bitcoin is, how would we use Bitcoin as money?

Everyone is celebrating that we can finally generate yield with Bitcoin with the options that have been approved on Blackrock's #Bitcoin ETF, $IBIT

I don't think this is going to play out the way that people think it will

Let me explain:

(THREAD 👇) Bitcoin's price has been moving sideways for 6 months

Options traders are thinking "I'll generate 2% yield per month or week by selling covered calls, and I'm smarter than the market, so my position won't be assigned. I'll close my position with a stop loss!"

Bitcoin will reach $1,000,000+

Let me explain:

(THREAD 👇)

#Bitcoin and dollars are both economic goods that fulfill the same function

They are used as money

The goal of anyone buying Bitcoin or dollars is to

1) store value (save)
2) transfer value (spend)
3) account for value (assign prices)

The US Dollar financial system is a PONZI SCHEME

Most people think holding dollars and US Treasuries is risk-free, but it's NOT

Here's why:

(THREAD 👇) The United States is currently in debt to investors and other governments for a total of ALMOST 36 TRILLION DOLLARS.

At the same time, you are never taught how to buy assets and exit the US Dollar system.

This is NOT a coincidence.

#Bitcoin is more than just profits to me

I'm supporting something that will improve the world

Even if it goes to zero, I'll know that I stood for a noble cause

But I don't think it will

Bitcoin is the solution to the biggest problem we have today:

(THREAD 👇 save for later) The problem:

Our savings are stolen from us by governments and used to steer the world in the direction of their choice.

They print/borrow money and devalue everything that's saved in bank accounts or cash.

Most of their actions are taken to have more control over us.

Not understanding how money works is the biggest mistake you can make.

The younger you are, the better chance you have of being wealthy if you understand how money works.

Let me teach you the basics of how money works and why #Bitcoin will be seen as money:

(THREAD 👇) We use money every single day and yet most people can't explain what it is.

Money is involved in every transaction.

It's a way to assign value to things, to easily exchange value for value, and to store value for the future.

Money makes transactions and commerce a lot easier.

Misunderstanding UTXOs will lead to problems with spending your #Bitcoin in the future.

UTXO management for beginners:

(THREAD 👇) #BTC is the currency issued by the #Bitcoin network.

Every time you receive BTC, you receive a small bundle of "satoshis" (1 Bitcoin = 100,000,000 Satoshis).

Each bundle of coins you receive is called a Unspent Transaction Output (UTXO).

Your cost of living will rise FOREVER,

and it's NOT because of capitalism.

The financial system is intentionally designed this way;

inflation is a FEATURE, not a BUG.

Everything you need to survive will get more expensive over time, by design.

Let me explain:

(THREAD 👇) Capitalism: An economic and political system in which a country's trade and industry are controlled by private owners for profit.

Capitalism is just a way to distribute resources.

If you are struggling financially and feel like there's no hope for you in the future, I have a solution for you.

Let me explain:

(THREAD 👇) Over the next 10-20 years, life will get less expensive for anyone saving in #BTC.

Value will be transferred from the legacy financial system to the #Bitcoin economy.

Anyone holding Bitcoin will be wealthier.

Anyone holding government issued currencies (fiat) will be poorer.

#Bitcoin is more than just profits to me

I'm supporting something that will improve the world

Even if it goes to zero, I'll know that I stood for a noble cause

But I don't think it will

Bitcoin is the solution to the biggest problem we have today:

(THREAD 👇 save for later) The problem:

Our savings are stolen from us by governments and used to steer the world in the direction of their choice.

They print/borrow money and devalue everything that's saved in bank accounts or cash.

Most of their actions are taken to have more control over us.

UNPOPULAR OPINION:

The US Dollar financial system is a PONZI SCHEME.

Heres why:

(THREAD 👇 SHARE THIS POST) The United States is currently in debt to investors and other governments for a total of ALMOST 35TRILLION DOLLARS.

At the same time, you are never taught how to buy assets and exit the US Dollar system.

This is NOT a coincidence.

Banks make BILLIONS each year from people who don't understand how credit cards work.

Stop letting them take advantage of you.

Here's a breakdown of how credit cards work:

(THREAD 👇 bookmark this for later!) When you use a credit card, you're borrowing money from the lender.

You NEED TO PAY IT BACK. It's NOT free money.

Late payments hurt your credit score.

If you don't want your kids to be broke when they're older,

teach them these 11 important lessons ASAP:

(Thread 👇 bookmark for later) 1) Cheap vs. Frugal:

Cheap: focus on price.

Frugal: focus on value.

Waiting to find deals on high-quality goods is better than buying low-quality goods impulsively.

Budgeting helps with this.

Your cost of living will rise FOREVER,

and it's NOT because of capitalism.

The financial system is intentionally designed this way;

inflation is a FEATURE, not a BUG.

Let me explain:

(THREAD 👇) Capitalism: An economic and political system in which a country's trade and industry are controlled by private owners for profit.

Capitalism is just a way to distribute resources.

I've gotten lots of DMs from people who want to know what's happening to Gamestop.

Let me explain the situation in easy-to-understand terms:

(THREAD 👇) Let's start with some background info:

Short selling: when investors try to benefit from the downside of a stock.

When you short a stock, you borrow shares from current holders and sell them to someone else.

Your goal is to buy back when the price goes down.

#Bitcoin is the biggest wealth transfer in the history of the world.

Let me explain:

(THREAD OF THREADS 👇)

https://twitter.com/BrittaniWarrick/status/1453571735479930881

Let me start with saying:

You work your entire life for something that can be printed at will.

Your money is made out of thin air while you have to work for it.

This means the cost of living will rise forever. 👇

https://twitter.com/rajatsonifnance/status/1789049272723534058?t=8oTll3Nqjrgzoy9hK4eqAA&s=19

The rich get richer because

they have figured out that US Dollars are FAKE money.

Let me explain: Money is an idea that humans came up with to represent value and improve commerce.

If we didn't have money, we wouldn't be able to easily price goods and services, and would have to resort to barter (direct exchange of goods).

Understand this now or regret it forever:

If you save $1M in a bank account, you'll still have $1M 30 years from now, but you'll be able to buy A LOT less with it

Why?

Let me explain:

(THREAD 👇) I'll start by giving you an example:

In July 2022, Google split its stock 20:1

A stock split works by replacing each PREVIOUSLY HELD share of ownership with NEW SHARES

If you had 20 Google shares in June 2022, in July 2022 you got an additional 380

99.99% of people don't understand why recessions happen.

Here's what you need to know: Let's start from the absolute basics.

In almost all countries around the world, banks take deposits from customers.

When you make a deposit at a bank, the bank offers you interest as an incentive for keeping your money deposited.