Who buys Bitcoin

[yellowsnow]

bitcoin/cryptocurrency investment trend has surpassed gold/silver already for 2021

https://news.bitcoin.com/wp-content/...nvestments.png

[yellowsnow]

Microstrategy (mstr) fund CEO invested all their cash reserves into btc back in Q4 2020.
Actually the ceo borrowed more fiat to buy more bitcoins
His average cost is 16.11k/btc
Their stock went from 140 to 755 today, 5X while btc only ~ 2-2.3X

[LoveTheBenjis]

1st 401k with match (all in stocks)
2nd Crypto curriencies or baseball card/ sports cards (can't pick one over the other as both going crazy)
3rd roth IRA
4th Gold Silver physical

[yellowsnow]

1st 401k with match (all in stocks)
2nd Crypto curriencies or baseball card/ sports cards (can't pick one over the other as both going crazy)
3rd roth IRA
4th Gold Silver physical

u mean that's your portfolio?

[LoveTheBenjis]

u mean that's your portfolio?

That is where current new money is being looked at to be invested.

[yellowsnow]

i'm surprised payroll didn't use ETH. I would thought smart contract could be written into
ETH to include employee hours and payroll deduction history on each payment
https://www.zerohedge.com/markets/se...loyees-bitcoin

[yellowsnow]

JPMorgan tried and tried to slam down btc, fails miserably
https://www.zerohedge.com/markets/jp...-spectacularly

[yellowsnow]

my thesis is that if US adopt btc as reserve currency, it can get US out of current financial mess and beat competitors/enemies china, russia without firing 1 bullet. BTC represent freedom (down to the poorest class of people) and honest money, something socialist state would NEVER adopt nor try to defeat like they are doing so to USD. War mongers can't print btc to fund wars, black ops and secret programs. BTC could foster freedom worldwide without political manipulation or wars. If gold is adopted as world money, russia, china and central banksters will win since they own most of the gold.

The problem today is we have too many middle man taking cuts between buyers and sellers of money.
With btc, we need less lawyers, bankers, bean counters, foreign exchangers, etc these professions don't add productivity but instead add red tapes

[The Sage]

What city will be next?

Vegas?

[Atlas Shrugged]

my thesis is that if US adopt btc as reserve currency, it can get US out of current financial mess and beat competitors/enemies china, russia without firing 1 bullet. BTC represent freedom (down to the poorest class of people) and honest money, something socialist state would NEVER adopt nor try to defeat like they are doing so to USD. War mongers can't print btc to fund wars, black ops and secret programs. BTC could foster freedom worldwide without political manipulation or wars. If gold is adopted as world money, russia, china and central banksters will win since they own most of the gold.

The problem today is we have too many middle man taking cuts between buyers and sellers of money.
With btc, we need less lawyers, bankers, bean counters, foreign exchangers, etc these professions don't add productivity but instead add red tapes

Reserve currency? You need to check out the real plan and it does not involve a decentralized currency.

https://www.imf.org/en/news/articles...gital-currency