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?
That would be true if MSTR's treasury asset was fiat, but it isn't. Dividends are paid in fiat, but the shares sold are used to purchase bitcoin. MSTR common shareholders are willing to take the extra volatility of bitcoin, while STRC, STRF, and STRK buyers want or need less volatility.
MSTR is monetizing bitcoin volatility.
MSTR has more assets than Lloyd'a of London insurance, and a corporate balance sheet the same size as Nvidia ....their total leverage ratio is 15%...compare that to any other large corporation that probably averages 90%
MSTR will probably never have to sell any bitcoin, but there are logical scenarios where it would make sense and add shareholder value to do so - if mNav dropped below 1 and they were unable to increase leverage, selling bitcoin to buy MSTR common stock would be logical.
Fiat is unlimited, so preferred stock shares able to be issued is also unlimited.
You do realize that they are paying them right now without selling their BTC, right? Ok, so you tell me - that point shows you don't understand what's going on. Why should I have to tell you something just so you can make stuff up in posts again? You live in an imaginary world sometimes, but claim we do.
Of course, you're missing the most important point of all.
Mr. Ponzi, or whoever ran one of these, didn't have appreciating assets. Did they? I didn't think so. Because you believe BTC won't keep appreciating doesn't make it a Ponzi, it just shows you don't understand BTC or fiat.
Not really.
Do you know what the CAGR of BTC is? We've told you, but it seems you don't want to believe in math or actual asset performance, which I find odd. I've speculated as to why you don't like winners, but only you can really tell us (if you were honest, but that's another question, due to ego and psychology it seems that will be disallowed).
Yes, but it presents other problems of course, not structural but psychological as per Mr. Saylor's thesis.
This is the main issue that @scorpion is missing.
I'm amused that he thinks we aren't early. Scorpion, do you really think a 2T asset class is going away? I don't think you understand how things work in the world of assets and investments. The inertia alone, beyond the increasing price (and demand) over time make it nearly impossible to reverse at this point until it reaches maturation/saturation, and we're nowhere near that point. It's sorta sad because it's the only asset that is going to 10x in the coming decade, and I don't think anything else you can pick will come anywhere close. I'm all ears, though. Even a monster move by gold would only go to 8k-10k, and then funny enough, people will rotate (for reasons we've said) into BTC.
MSTR is not a ponzi scheme although it does have some ponzi like elements. In a true ponzi scheme the money is not invested in anything its just straight up stolen by the marketers of the scheme/product. MSTR is investing the money received into Bitcoin. The real question is do you believe Bitcoin in the long term will appreciate at a greater rate than the 10 or 11% they are paying on their debt instruments. If the answer is yes then it is sustainable. Issuing debt where you pay 10% annual interest rate against an asset that appreciates at 20% plus per annum is a basic carry trade. But yes if the Bitcoin price does not appreciate at a double digit rate in the long term then it is an unsustainable model.
Assuming the basic assumption holds that Bitcoin will rise at a faster rate then the interest rate on their debt (in the long term) then everything else is just a detail that can be managed and they have multiple levers to manage things whether it is issuing more debt instruments to pay interest on the existing debt instruments, issuing derivatives, issuing more shares, issuing convertible debt instruments, lending out their Bitcoin for income, selling Bitcoin (as a last resort).
The point of the video and which guys like Samson Mow and Michael Saylor have pointed out is that people will adopt Bitcoin when there is a catalyst that makes them feel that they need Bitcoin. Which is what happened in Curacao where the whole country got partially debanked by the scramble to clamp down on tax havens and then the whole country realised they need Bitcoin and many merchants actually save they Bitcoin they recieve proving once again that it is both a medium of exchange and a store of value simultaneously. Many people in countries like Venezuela, Argentina and Iran have already realised they need Bitcoin. More and more people every year across the world will continue to realise that they need Bitcoin whether that is through the increasing big brother police state and digital IDs (Bitcoin is freedom money), people being debanked, people living in a country where the currency is hyperinflating, foreign governments and central banks trying to reduce reliance on the US dollar system, etc.
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Well stated @Australia Sucks , people in the West have the financial privilege of a working currency and banking, but everyone else who doesn't, can see the need for bitcoin.
If you think bitcoin is a solution looking for a problem, read anything by Alex Gladstein and the Human Rights Foundation.
If you think bitcoin is a solution looking for a problem, read anything by Alex Gladstein and the Human Rights Foundation.
This is the one point that we've constantly been shocked that the naysayers either don't understand, or don't admit - since it's so clearly the case.
99% of people should not be trading BTC. It’s akin to trading in and out of Weimar Marks and gold…yeah you might be able get more gold by trading in and out, but more than likely you will get rekt, and holding worthless paper.
Judoka
Catholic
Yes but I meant that people should close their position. They shouldn't get back in.
I love it when you guys come in here "for a visit." It's quite entertaining, but it gets old. I think you can understand that given the fact that BTC has died what is it now @chance vought - 600 times?
Not that many times, but you've claimed a one million US dollar BTC evaluation within the next 4 years at least one hundred times so one good turn deserves another. At any rate, we'll soon see who's getting all this right. However, based on your past predictions, it appears at this juncture that it is you Mr. Deckard who should be erring on the side of caution...
This is from October 2023:
And more Closetradamous tarot card readings from March of 2024:
Nope, not even close, in March of 2025 BTC had a low of 78K, nowhere near 300K (thus again showing your wild hopium exaggerations on the subject).
Let's say it doesn't and call it even.
Ain't gonna happen, we'll be lucky to see 200K Bitcoin within the next 3 years (2029), but that being said, it could easily go back to 10K. Nobody knows for sure. BTC is purely a speculative asset. In other words, it's gambling, and with gambling (((The House))) always wins.
You just bought some not too long ago, right? How many did you buy dude? I've never seen the jews try to shake someone out this hard before.