The government's playbook since 1971:
1. The government spends more than it earns.
2. It must take on debt to fund the difference.
3. The Fed creates money to buy the debt.
4. More money makes every dollar worth less.
5. Everything gets more expensive.
For once, there is a real supply shock in bitcoin.
This year:
- Trading volumes are down 30%
- Price is up 50%
- 81% of the supply hasn’t moved in 6 months
Our newsletter covers the details👇
Just a reminder that every single pleb who has been dollar cost averaging bitcoin is now in profit no matter when they first started DCA'ing. Every single one of them!
Discovering Bitcoin:
First minute: It’s a scam.
First hour: Wait, the dollar is a ponzi?
First day: There's only 21 million bitcoin?
First week: I need more.
First month: I could sell the car.
First year: Who needs a house?
First cycle: People still use dollars?
If you owned bitcoin:
- 15 years ago you were a visionary.
- 10 years ago you were a pioneer.
- 5 years ago you were an early adopter.
Today, you're a frontrunner ahead of 96% of the world.
The most important news event today is how a group of unelected officials arbitrarily decided the fate of the US dollar.
Think about that for a moment.
US debt is at the highest level in history.
Cost of rent is at the highest level in history.
Food prices are at the highest level in history.
College tuition is at the highest level in history.
Vehicle prices are at the highest level in history.
Health insurance is at the highest level in history.
Cost of childcare is at the highest level in history.
Home prices are at the highest level in history.
The money supply is at the highest level in history.
This is what happens to prices when the currency is broken.
Soon everyone will call you lucky for buying bitcoin under $100,000.
But luck had nothing to do with:
- Questioning what is broken in our system
- Studying the history of money
- Having the humility to change your mind
- Acting on a better solution