Here’s a copy-pasted answer for you:
“(…)
"But Bitcoin has no intrinsic value!"
Here's why Bitcoin is valuable:
It's Finite: There are only 21 million coins. There's no central banker who can debase your wealth.
It's Divisible: you can buy / sell $0.10 worth, or $10 Billion worth.
It Can't Be Seized: It can't be physically taken from you. There are ways to store it so that no external party can take it from you. You have full control over your property. Do you know anything else like that?
It's Supply Inelastic: Unlike almost everything else on earth, as the price of Bitcoin rises, there's no way to make more of it. That prevents the price from falling due to a sudden supply glut.
It's Portable: You can move anywhere in the world and have access to your Bitcoin without permission. It weighs nothing and you can move across borders without anyone knowing you own it.
It's Free From Counter-party Risk: The entire financial system could melt down around you. JP Morgan could go bankrupt. And you could still have your coins without needing to be bailed out by anyone.
It's Globally Accessible: Storing wealth is a global problem. And Bitcoin isn't jurisdiction specific. No one gets special treatment - it's a fair protocol available to all.
No other asset on earth has these combined characteristics. It had to be invented.
#Bitcoin was engineered as the ideal store of value.
It has gained more since March 2020 than the S&P500 has gained since the bottom of 2009.
It's not just some widget that anonymous people like me are hallucinating over.
Now that Blackrock, Fidelity, Deutsche Bank, Crédit Agricole, Citadel, and other large institutions are about to offer it to their clients you can either dig your heels in and say that they're just getting in on the scam, or you can try to understand why 70% of supply hasn't been sold in over a year despite large volatility.
Why are Billionaires stacking Bitcoin?
Why is famous trader Paul Tudor Jones saying he's "never sat on a horse as long as he's sat on Bitcoin?"
Are we all morons? I certainly don't feel like a moron watching investments 10x over a 4 year period.
The time to ask questions with an open mind is running out. The institutions are coming. And the fiat wave won't be far behind them.
The window of opportunity on the most obvious investment of our generation is closing.
You'll still benefit by stacking BTC at $300K a coin.
But you'll hate yourself for ignoring this (…)”
https://twitter.com/stackhodler/status/1672230307481673732
Bitcoin Memes
npub1qg…2srx6
2023-07-24 07:08:15
in reply to nevent1q…et5c
Author Public Key
npub1qgefqjxc849fp2gdvntj5xp7dlrall2j4ky4grcxp05pvwhdnxss32srx6Published at
2023-07-24 07:08:15Event JSON
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"content": "Here’s a copy-pasted answer for you:\n\n“(…)\n\n\"But Bitcoin has no intrinsic value!\"\n\nHere's why Bitcoin is valuable:\n\nIt's Finite: There are only 21 million coins. There's no central banker who can debase your wealth.\n\nIt's Divisible: you can buy / sell $0.10 worth, or $10 Billion worth.\n\nIt Can't Be Seized: It can't be physically taken from you. There are ways to store it so that no external party can take it from you. You have full control over your property. Do you know anything else like that?\n\nIt's Supply Inelastic: Unlike almost everything else on earth, as the price of Bitcoin rises, there's no way to make more of it. That prevents the price from falling due to a sudden supply glut. \n\nIt's Portable: You can move anywhere in the world and have access to your Bitcoin without permission. It weighs nothing and you can move across borders without anyone knowing you own it.\n\nIt's Free From Counter-party Risk: The entire financial system could melt down around you. JP Morgan could go bankrupt. And you could still have your coins without needing to be bailed out by anyone.\n\nIt's Globally Accessible: Storing wealth is a global problem. And Bitcoin isn't jurisdiction specific. No one gets special treatment - it's a fair protocol available to all.\n\nNo other asset on earth has these combined characteristics. It had to be invented.\n\n#Bitcoin was engineered as the ideal store of value.\n\nIt has gained more since March 2020 than the S\u0026P500 has gained since the bottom of 2009.\n\nIt's not just some widget that anonymous people like me are hallucinating over.\n\nNow that Blackrock, Fidelity, Deutsche Bank, Crédit Agricole, Citadel, and other large institutions are about to offer it to their clients you can either dig your heels in and say that they're just getting in on the scam, or you can try to understand why 70% of supply hasn't been sold in over a year despite large volatility.\n\nWhy are Billionaires stacking Bitcoin?\n\nWhy is famous trader Paul Tudor Jones saying he's \"never sat on a horse as long as he's sat on Bitcoin?\"\n\nAre we all morons? I certainly don't feel like a moron watching investments 10x over a 4 year period.\n\nThe time to ask questions with an open mind is running out. The institutions are coming. And the fiat wave won't be far behind them.\n\nThe window of opportunity on the most obvious investment of our generation is closing.\n\nYou'll still benefit by stacking BTC at $300K a coin.\n\nBut you'll hate yourself for ignoring this (…)”\n\nhttps://twitter.com/stackhodler/status/1672230307481673732",
"sig": "b0ab365862ce1ff737b67f5422c47225eea90cfe1a0fd879c842894662264d20bab649a7773b1efa3da5cea8bcc1dedee07d7bf31c72140a1cef84d11f312f9e"
}