Can you create another Bitcoin for $500 billion? Well, Micheal Saylor is saying that YOU CAN'T and I'm really not entitled to disagree with this man. He's definitely "the bull" of the bulls in Bitcoin and one of the few who really took the burden of educating rich people on Bitcoin.
I would say that Elon Musk is in Bitcoin thanks to Michael Saylor. Bitcoin is for everybody, though, anyone can buy sats and stack for the future, but only a few are doing that. Saylor is also claiming that BTC is better than gold in any aspect you can think of and he might be right in that regard as well.
It's hard to understand Bitcoin... Yes, it is, because of the background of the masses and the extreme convenience we've developed over time. It's easier to trust the media, politicians, and bankers than to DYOR and comprehend what Bitcoin really is, but that shall come to an end as well.
According to official sources, inflation might be somewhere at around 10%-12% YOY in most of the European countries and the US might pretty much be on the same level as well. I'd say that it is actually higher than that. Just look at where gas and most of the commodities prices are now and where they were a year ago.
We're not over with inflation yet and gas prices haven't been "capped", if ever. I was talking with my mother, who lives in Austria, earlier today, and she was telling me that it's being said over there that the state will hand €250 to every citizen as of September, in order to fight inflation.
Well, that reminds me of Weimar Germany. Pouring gas on the fire in trying to put it down. Where does that cash come from? Where did the cash that was spent on stimmies during the plandemic came from? How much value does cash really have...
It is going to zero. My humble opinion is that the turmoil that we are currently in will at some point wreck the whole financial system and a new foundation will have to be laid.
UK will begin live testing of blockchain technology in a push for crypto adoption Why would they do that? Cuz of all of the above and because 37% of people want governments to legalize it. When did governments last time listen to what the plebs have to say? Never...
The Bitcoin bill that proposes Bitcoin transactions of under $200 not to be taxed, has been yesterday pushed by Senator Lummis into Congress, and some Americans are probably waiting for it to be passed. That could open the door for the lightning network doing in the US what's been done in El Salvador for quite a while.
Knowing that Cinthya Lummis has had a couple of meetings with Jack Maller, founder of the lightning network app Strike, makes me think Americans could be close to adopting BTC as a form of payment. But sir, Bitcoin was supposed to make me a millionaire, I don't want to spend it like that pizza guy...
It's probably too late for the majority of us who would try that by stacking sats as of late, but there sure are 100,000 Bitcoin millionaires around the world already. Money has to be redefined. It's probably one of the few pillars of the current society which hasn't changed in centuries. The current economical situations we have all around the world will imo push crypto mass adoption.
It doesn't necessarily have to be Bitcoin the only savior, but my take is that some of the sleeping sheep will wake up ultimately and start searching for alternatives to cash. The tokenization of everything is also still in play. A concept that got my attention many years ago.
It's happening, but for now, it is a slow and painful process.
Thanks for your attention,
Adrian