Another good use case for bitcoin and crypto comes to mind in the view of recent political battles. It seems like many are exeriencing huge health insurance premiums increase now and will have to just let their coverage go. In case one is hit by big charges from rogue medical providers, 99.99% of these charges are unjustified, especially ER bills which can be 100k for something like a simple scan, moving savings into crypto should protect them from these rogue entities laying hands on ones bank accounts
Younger people should just make sure they eat right, exercise, etc. Forget all that health insurance, just max out a car insurance medical plan, since most things aren't going to touch you til at least mid 50s (if that), unless of course you got jabbed. Even then, you can make things work still with this corrupted johnny come lately system - I know younger people who just jumped on some fake O-care plan late, and the odds are very rare it even ends up happening to you.
This one is for Scorpion who says Bitcoin has no utility.
Notice how in Curacao that many merchants not only accept Bitcoin they actually save the Bitcoin they receive rather than convert it or spend it. Greshams law in action.
Thier's Law incoming
Block yesterday rolled out Bitcoin/Lightning acceptance for 4 million US merchants who use their Square POS system. Bitcoin meetup in New Orleans last night performed the first transaction in the city using the system (a can of O'Doul's fake beer).
Square Bitcoin Payments Goes Live Bringing BTC To Millions
Square has officially launched Bitcoin payments for its 4 million U.S. merchants, allowing businesses to accept BTC with zero processing fees until 2027.
bitcoinmagazine.com
Now if they would just change US law so that buying a can of beer with Bitcoin isn't a taxable event, we'd really be on our way toward mass adoption!
Edit: My understanding is that CashApp (also Block) will roll out a map of Bitcoin-accepting merchants this Thursday.
This is pure copium. Nothing in this video says anything remotely positive about Bitcoin (which you are now apparently once again pushing as a currency and not a store of value - the goalposts are continually shifting as usual). This is simply a dirt-poor island nation with nothing going for it. These people would be infinitely better served by using USD stablecoins in place of Bitcoin (and once they figure that out, they certainly will).
Bitcoin is down since Trump's inauguration. This wasn't supposed to happen - you all were sold on the idea of a strategic Bitcoin reserve. The government was supposed to buy your bags and send Bitcoin to $1 million. MSTR is in the toilet. Investors have wised up and realized that Saylor is literally running a Ponzi scheme, and has no means of monetizing his stash of Bitcoin. The future of MSTR shareholders is simply endless stock dilution to fund Bitcoin acquisition and preferred dividends. Who in their right mind would buy it?
Stocks have been on a tear (the AI bubble is growing long in the tooth, but there are still deals to be found - oil/energy looks good) and gold has been surging. All this while the financial system is poised to integrate U.S. Treasury-backed stablecoins, making the USD available to everyone across the world, totally obliterating the "banking the de-banked" argument for Bitcoin adoption and extending the shelf life of the USD as the world reserve currency.
A new generation is growing up, a generation that already views Bitcoin as antiquated technology, a "Boomercoin" that offers no potential for outsized returns, and thus generates little excitement or interest. There will be new opportunities in the years to come, and Bitcoin's aura will continue to fade. It's already yesterday's news. Eventually, it will be forgotten entirely. Such is the nature of all fads.
Nice timeline cherry pick. It ran up in anticipation, around $60k in early October of last year, then moving to current levels. Yes, it's all chop(solidation) since the start of the year, thus the treasuries have been losing their volatility through lesser options trading and thus, their mNAV.
No means? So when BTC is ~130k, then 150k into next year, and rates are cut to 3% or less, and he offers many fixed income products of 8-10%, no one will be interested?
Interesting, I wonder why they are doing that. I wonder how other governments will treat their citizens using USD. Hmm.
You admit that the fiat is dying, then? Good, we're getting somewhere.
What's your basis for saying this? There is (still) no second best.
What are your new opportunities?
By the way, I own stocks (energy and/or BTC proxies). I've told you that I own a small amount of physical gold too.
How do you propose that MSTR is going to pay for these 8-10% dividends without selling its Bitcoin? It has no way to do so except by continually issuing new shares. This is the literal definition of a Ponzi scheme.
There's always going to be something new and exciting. It could be some new crypto, or a meme stock, or some new financial innovation we can't even begin to predict at this point. But there is always something new, always some way to make a bucketload of easy money that draws a lot of excitement and interest. Bitcoin is already old and boring from this perspective. Bitcoin lives on hype, and people don't get hyped about returns that, at best, barely outpace the stock market. They want the 10-100x. They want to be early. No one can be early with Bitcoin anymore, so why bother?