Today’s market movements make me think of the old #Saylor quote -
“Bitcoin is channeling human ingenuity into making it better, and every commodity is channeling human energy into making it worse (as a money)”
To explain this. Consider computer chips a form of commodity. In #Nvidia you have a clear sector leader that the market has been treating as a form of money.
Long term though, all the huge Nvidia valuation says to the rest of the world is - come and innovate and compete for our huge valuation, and have at it. That ingenuity will make Nvidia worse as a form of money. The signs may already be here.
#bitcoin
#money
343PG / 343PG
npub1l0…cwvaz
2025-01-27 20:37:41
Author Public Key
npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvazPublished at
2025-01-27 20:37:41Event JSON
{
"id": "d419b847c0bfb46a6b325677c4038db73a0580ae5015715892b29e50521272b0",
"pubkey": "fbe736db334a0136b257f9d15f2eff8e6fea2da2d964d70429cef6eb187bb0d5",
"created_at": 1738010261,
"kind": 1,
"tags": [
[
"t",
"Saylor"
],
[
"t",
"Nvidia"
],
[
"t",
"bitcoin"
],
[
"t",
"money"
]
],
"content": "Today’s market movements make me think of the old #Saylor quote -\n\n“Bitcoin is channeling human ingenuity into making it better, and every commodity is channeling human energy into making it worse (as a money)”\n\nTo explain this. Consider computer chips a form of commodity. In #Nvidia you have a clear sector leader that the market has been treating as a form of money. \n\nLong term though, all the huge Nvidia valuation says to the rest of the world is - come and innovate and compete for our huge valuation, and have at it. That ingenuity will make Nvidia worse as a form of money. The signs may already be here.\n\n#bitcoin\n#money\n\n\n\n",
"sig": "d66ee761ce4919710ee947d35be9fbf29bb10926d8ba6f16b634cf47ae128d84dd8623da8eb72ecbd6c5761c07804ca63b57c9c8b19d511b89f31e939f38718b"
}