The $200k per btc is the lowest number for bitcoin target before end of the year 2025 I think bitcoin has a good chance of hitting $500k to $700k+ as mentioned by Mr Larry Fink himself This is what would happen when there is too much demand and not enough supply to meet the demand, the price has to rise significantly in order to bring more sellers If you know how to read a Twitter (X) thread, this thread will make you very bullish on bitcoin hitting very high prices for this year
I meant it in terms of payment for the goods that you are buying. I think most of us bitcoiners have learned that gold was difficult to use for settlement, so a paper system had to be built on top of it. And now of course, that paper system is very shaky, and the gold that supposedly underpins it, is perhaps not even there. The only reason the system continues to work is because nobody wants to really check. US treasuries are the most liquid and most pristine asset out there that central banks and corporations use (or so we are taught). But lets think what this really is. Its a debt instrument. Its a piece of paper that says the US government couldn't pay its bills, so it took out this debt, that you now own. And what do you get in return for this debt? Printed money. And why is this the best form of collateral according to all of these smart people? Because it can always be printed! The US has to do nothing to create this "asset", has full control over the issuance, and all it represents the mismanagement of the government. Now we all know the entire world plays along with this though. The US provides lots of benefits for the entire world, so we continue to play this game. But now, with Trump wanting to bring everything home, what is the point of even playing this game? So what can really be used to underpin the global financial system when trump is blowing this up via Triffin's dilmena? USD world reserve currency only works when US has a massive trade deficit. That is very clearly being reversed now. If other countries can't get US dollars, the whole system falls apart. And we clearly can't go back to gold because nobody will trust paper certificates. Heck, I wouldn't even trust the bars unless I could test each one, and even then, how do I even know if the test is valid? Trust is therefore right now completely broken. Even if two countries hate eachother, they will likely still want to trade, at least commodities, but what form of payment will they agree on? Bitcoin will be seen as the only logical choice.
$1.4B of ETH stolen from Bybit exchange. Biggest heist ever by great margin. Ponzi schemers, it's over.
I am grateful for the news of ByBit today. I was starting to think I'd never get lucky enough to get BitDigital at a strike of 3 for the longest time. Today was the perfect storm of market sell-off combined with expiration Friday. Definitely loaded up on a few assets today. Even Netflix fell and I did some house cleaning there too.
Historian Niall Ferguson claims that the United States could be headed to the same ruin of every previous advanced civilization if it doesn't fix its debt problem. Ferguson, the Milbank Family Senior Fellow at the Hoover Institution at Stanford University, warns that America's colossal debt spending threatens to sink the empire it has built since the end of World War Two. America's soaring debt comes as the Donald Trump's new Pentagon boss Pete Hegseth has pledged to slash defense spending by as much as 8 percent each year. Writing in the Wall Street Journal Ferguson cites what he calls 'Ferguson's Law', taken from an essay by Adam Ferguson in 1767, that it is perilous for a great power to spend more on its debt than it does on defense. The historian says that crossing this threshold has spelt disaster for empires from Habsburg Spain in the 16th century to Bourbon France in the 18th century. Ferguson said the US began violating 'Ferguson's Law' for the first time in nearly a century in 2024 when spending on servicing its debt ($1.124trillion) exceeded its defense spending ($1.107trillion). Ferguson said that this 'crucial threshold' tends to destroy a great power's geopolitical grip and 'leaves it vulnerable to military challenge.' America hasn't seen debt service and defense spending this close since the pre-World War II era of isolationism.
BTBT is interesting, thanks for the idea. But the weekly close looks awful. Gonna wait. Why do you like the stock?