Most people think Bitcoin won't even reach $100K
When it does, will they continue to question the best asset in the world, the only one that doesn't require intermediaries to work as money?
Keep in mind this is a finite asset that nobody can create more of
94% of the total 21,000,000 supply is held by only 1%-5% of the world
The 95%-99% who haven't figured it out yet will have to convince the holders to convert their Bitcoin to USD
WHAT IF THE HOLDERS DON'T WANT TO SELL?
How high can the price go?
Over time, more and more people are figuring out that they don't want to hold US dollars
Saving in US Dollars is a death sentence for your wealth over the long term
Today, most people buy houses and stocks to protect their wealth from USD debasement
Then they switch from stocks and real estate to USD when they want to spend their savings
YOU DON'T NEED TO CONVERT BITCOIN TO DOLLARS!
You can send Bitcoin to anyone and receive Bitcoin from anyone in the world within minutes
The US government seems to be coming after holders of legacy assets with the potential of an unrealized capital gains tax
Holders of legacy assets have no choice but to comply, because they can't use stocks and real estate as a medium of exchange
You must convert legacy assets into USD at some point
The billionaires of the world didn't become billionaires by giving handouts to the government
And they're not going to like paying more taxes than they need to
This is where Bitcoin comes in:
Nobody can take your Bitcoin unless you give it to them willingly
Governments can't stop you from using your Bitcoin unless you give them your private keys
morpheus / Morpheus
npub1cu…ldr50
2024-09-08 20:15:10
Author Public Key
npub1cu260hq6nvcadmtjjn2h356xz6gxxttmj6609avgdrw0lzqr0m4q4ldr50Published at
2024-09-08 20:15:10Event JSON
{
"id": "d6568709dadb9c2df239c5d7abee4a279d61d2e1935d8629d6e8f837a9e22510",
"pubkey": "c715a7dc1a9b31d6ed7294d578d3461690632d7b96b4f2f58868dcff88037eea",
"created_at": 1725826510,
"kind": 1,
"tags": [],
"content": "Most people think Bitcoin won't even reach $100K\n\nWhen it does, will they continue to question the best asset in the world, the only one that doesn't require intermediaries to work as money?\n\nKeep in mind this is a finite asset that nobody can create more of\n\n94% of the total 21,000,000 supply is held by only 1%-5% of the world\n\nThe 95%-99% who haven't figured it out yet will have to convince the holders to convert their Bitcoin to USD\n\nWHAT IF THE HOLDERS DON'T WANT TO SELL?\n\nHow high can the price go?\n\nOver time, more and more people are figuring out that they don't want to hold US dollars\n\nSaving in US Dollars is a death sentence for your wealth over the long term\n\nToday, most people buy houses and stocks to protect their wealth from USD debasement\n\nThen they switch from stocks and real estate to USD when they want to spend their savings\n\nYOU DON'T NEED TO CONVERT BITCOIN TO DOLLARS!\n\nYou can send Bitcoin to anyone and receive Bitcoin from anyone in the world within minutes\n\nThe US government seems to be coming after holders of legacy assets with the potential of an unrealized capital gains tax\n\nHolders of legacy assets have no choice but to comply, because they can't use stocks and real estate as a medium of exchange\n\nYou must convert legacy assets into USD at some point\n\nThe billionaires of the world didn't become billionaires by giving handouts to the government\n\nAnd they're not going to like paying more taxes than they need to\n\nThis is where Bitcoin comes in:\n\nNobody can take your Bitcoin unless you give it to them willingly\n\nGovernments can't stop you from using your Bitcoin unless you give them your private keys",
"sig": "a8834038fa1b2626ada86ac8cea35b95245997f7c7c6bd25ac69a2d1448f61c25d7546b969fd53295f6491baa3f5233913fc262b848ca5217a5c173ee160de7c"
}