rajatsonifnance
Rajat Soni, CFA

🎯 I'm the Bitcoin guy
💼 10 years of finance industry experience
🧠 1 BTC = ∞ USD

Public Key

npub13wl6gy2kp02zafh6vr8jfh58mzxxeza7as5mmx325xyq9x4z9rxqgpnp8z

NIP-05 Address

Profile Code

nprofile1qqsgh0ayz9tqh4pw5maxpneym6ra3rrv3wlwc2dang42rzqzn23z3nqpz3mhxue69uhhyetvv9ujuerpd46hxtnfduqs6amnwvaz7tmwdaejumr0dsrh4aut

Publishing to

relay.damus.io

nos.lol

Author Public Key

npub13wl6gy2kp02zafh6vr8jfh58mzxxeza7as5mmx325xyq9x4z9rxqgpnp8z

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Last Notes

2024-06-18 12:23:35 UTC

Most people reject #Bitcoin without studying it
They think they're smart, so they expect to understand it quickly and easily
So instead of digging deeper after things get complicated, they conclude that Bitcoin is a scam
This is why thousands of hours of study are required
If you don't put in the thousands of hours, you will always have doubts in the back of your mind
It's pretty interesting that someone who studied Bitcoin for thousands of hours can see how little someone else has studied bitcoin
I think
@PeterSchiff
is an example of a Bitcoin hater who hasn't put in the required hours to understand Bitcoin
In fact, I think he has put in no time at all
I don't think he's lying when he says he doesn't own bitcoin
He doesn't understand it!
He thinks we will go to a gold backed cryptocurrency
Anyone who has studied bitcoin realizes how stupid this is...
To back a cryptocurrency with gold, YOU NEED CUSTODIANS
We would be right back to a fiat currency system because whoever the custodians are...
Will collude with governments and you'll have your money confiscated again like in 1933
The point of bitcoin is to avoid custodians
You can have a custodian hold your Bitcoin for you (eg. Exchanges or ETFs)
But you have the option to hold it yourself!
"But hou can take self custody of gold too"
If someone has $10,000,000 of gold, would they feel safe keeping it in their house?
If they need to leave their country for whatever reason, can they take that gold with them?
A gold backed cryptocurrency BRINGS YOU RIGHT BACK TO CENTRALIZATION
You would need trusted custodians to settle payments...
The point of Bitcoin is to AVOID this
Governments can capture financial institutions that hold customer funds much more easily than millions or even billions of people who have their own secret way of keeping their Bitcoin

2024-06-18 12:22:40 UTC

Real estate and stocks are a scam but 99% of people aren't ready for this conversation yet
#Bitcoin    will take over both of these markets over time
Real estate is a way for governments to extract property taxes and for banks to earn interest
Governments want home prices to go up so homeowners feel a false sense of security and pay more in property taxes over time
Banks want prices to go up so they can hand out bigger loans and earn more interest
Stocks are a way for Wall Street to earn profits
When you can hold your own assets, you don't need the financial industry to hold them for you and governments also can't track your wealth
How many people hold the deed their house or stock certificates?
Probably less than 1%
This means the financial industry owns our assets and it can take those assets away from us
Stocks are held by custodians and they can do whatever they want with your wealth
GME is the best example of this scam
Hedge funds were shorting more shares than what was in existence
They were intentionally trying to bring the stock to zero to maximize their profits
Real estate should NOT be an investment but we've been brainwashed to believe it is
We use real estate as collateral for debt
The wealthiest people have hundreds or even thousands of units and they are being used as savings accounts
When people buy more houses than they need, they compete with families who are trying to buy a house to live in
This pushes house prices up and prevents people from having a stable living situation
Bitcoin is an abstract concept and many retail investors get angry at the idea of it being widely used as a savings tool
EVEN THOUGH IT WOULD DIRECTLY BENEFIT THEM

2024-06-18 12:22:10 UTC

Investing in stocks and real estate makes you rich at the expense of anyone who doesn't/can't invest in stocks and real estate

2024-06-18 12:21:42 UTC

How the average person lives their life:
1) Go to school for 20+ years
2) Go to work for 40+ years
3) Be free for 5-15 years
4) Die
This is like the phrase "pay yourself first":
The majority of people save what's left over after expenses
Similarly, they live life in the time that's left over after working for someone else most of their life
Change the narrative
Build businesses in your free time instead of watching TV
Buy assets with your income instead of spending it on useless plastic goods from Amazon
Take the time to learn about personal finance instead of focusing on celebrity gossip
You'll retire way earlier than the average, and you can spend ALL your time however you want

2024-05-11 00:40:51 UTC

Inflation isn't a way to incentivize spending...
It's a way to incentivize investing.
A government's goal is to keep your wealth concentrated within its jurisdiction so it can charge taxes.
50% wealth taxes, property tax, etc.
#Bitcoin takes this power away from governments.

2024-05-11 00:39:58 UTC

Mike Tyson made over $500M in his career and he still went bankrupt
If you can't control your spending you'll ALWAYS be broke, no matter how money much you make

2024-05-11 00:39:29 UTC

The cost of living will rise forever.
But why?
There's a very simple explanation:
The amount of money chasing the number of goods available to be consumed is rising.
Let me give you a simple example:
Year 1: you have 100 apples and $100 in the economy, the price of an apple should be $1.
Let's say because of technological innovation we can produce 110 apples in year 2.
The supply of apples has gone up but the amount of money chasing those apples stays the same.
The price *should* decrease to ~$0.91.
What happens if the amount of currency in the economy increases faster than the number of apples?
What if apple production can't keep up with money production?
Year 2: 110 apples, $120 in the economy. The price of apples rises to $1.09.
I know this is overly simplified and there are a lot more factors to consider.
But as the amount of money in proportion to the number of goods increases, we see prices rise.
When the US government borrows trillions of dollars, what is that money being used for?
If it's not spent on investing in production, PRICES WILL RISE.
Maybe we won't see the impact in the short term, but over the long term, this results in a decrease in purchasing power.
The same amount of money can buy fewer goods because there are more units of currency than goods in the economy.
We are seeing this happen in real-time!
Apples haven't gone from $1/pound to $1.09 per pound.
They've risen 3-5x.
I remember when apples were $0.79/pound and now I see them at $2.49-$2.99/pound.
Today, there are so many ways that money enters the economy, and this wouldn't be a problem if it were used as an investment to increase the quality/quantity of goods.
But it's not.
Instead of being invested, the new money is being used to incentivize a DECREASE in production.
Governments incentivize citizens to STOP BEING PRODUCTIVE!
Social security exists to incentivize retirement (a period where people spend but don't produce).
Tax benefits on real estate are used to incentivize purchasing homes to make money (instead of producing other goods and services).
Billions are spent on the military and this spending leads to death and destruction instead of prosperity (taking away labor from production of goods and services).
This is why your cost of living constantly goes up.
For every action, there will always be an equal and opposite reaction.
When one group gets to make decisions and take action without putting in the work required to make it happen, someone else has to work twice as hard to do the required work.
Instead of teaching kids how to invest, governments offer free money to retirees.
By the time Millennials and Gen Z are supposed to receive social security, the benefits will be worthless because all of the value will have been extracted already.
When real estate investors are told to buy homes because of tax benefits, the supply of homes in the economy for people who want to buy them to live in decreases.
When the military receives billions of dollars to train members on how to kill others, those members are NOT producing actual goods and services that society needs.
All of these resources (labor, raw materials, goods, and services) are taken away from other parts of the economy.
Since you can't print resources but demand is essentially unlimited (as population grows so does demand), prices have nowhere to go but UP.
Instead of investing in the future, governments incentivize spending and then promise to pick up the slack for people at an older age.
Governments get to print the money we use today.
They will print forever.
Prices will rise forever.
You must either defend what they do and learn to deal with the consequences, or you can do something about it.
"But I have no control over this!"
STUDY BITCOIN.
The supply of everything else can increase, but there will never be more than 21 million Bitcoin.
Prices will always fall when you save in Bitcoin!

2024-05-10 14:26:02 UTC

Baby steps apply everywhere, whether it's personal finance or fitness.
Going to the gym for the first time and trying to bench 800 pounds will make you feel terrible.
You probably won't go back.
Lifting 80 pounds instead might actually make you feel good and keep going back!

2024-05-10 14:25:38 UTC

Bitcoin is misunderstood by most people because almost nobody has thousands of hours to learn the following topics in depth:
- Why gold was money for thousands of years
- Central banking
- Fractional reserve banking
- Executive Order 6102
- The Nixon Shock
- What is fiat currency
- Money creation in the legacy financial system
- Bitcoin supply and demand
- Decentralization
After you put in the time, it becomes obvious that decentralized uncorruptible money is where the world is going.
Before you put in the time, it seems like buying Bitcoin is like buying air.

2024-05-10 07:20:37 UTC

2024-05-10 07:01:12 UTC

There are former professional athletes who are broke and miserable, after a career that earned $100m.
If you don't get serious about cutting back on your expenses, you can never truly be free from financial obligations.
This applies whether you earn $500 or 8 figures a year!

2024-05-10 07:00:43 UTC

"Trying to sell the rest of my #Bitcoin    in Japan. I'm tired of crypto and want to get out (and get my JPY back)."https://m.primal.net/IFHe.jpg https://m.primal.net/IFHf.jpg

2024-05-10 06:59:11 UTC

Financial institutions rely on you NOT understanding how money works.
When you become financially literate, you realize that:
1) Earning 1% from your savings is very low
2) The 20% interest rate on your credit card is too high
3) Not saving means you will likely work forever

2024-05-10 06:58:44 UTC

Don't be scared of #Bitcoin's volatility

2024-05-10 02:27:30 UTC

Don't be scared of #Bitcoin's volatility

2024-05-10 02:26:29 UTC

No matter how rich you get, money won't make you happier or more fulfilled.
You'll pay the bills more easily and you won't worry about your next meal, but that's about it.
Money won't solve internal problems related to how you feel about yourself and the world around you.

2024-05-09 14:15:05 UTC

More people becoming financially literate means fewer want to have savings in US Dollars.
Bitcoin's price will continue to rise over the long term as fiat currencies lose value.
Wealth will continue to be transferred from those who are not financially literate to those who are.

2024-05-09 09:07:36 UTC

Selling your #Bitcoin in hopes that you will buy back for less is a gamble.
If you're going to sell to get back in when the market price is lower, you're taking more risk than just holding on.

2024-05-08 22:50:19 UTC

You can eat at restaurants for every meal if you want.
It just means you can't buy the $600/month car as well, or you may need to cut down your spending on housing.
While everyone might do it differently, the overall idea is the same - spend less than you earn, save the rest.

2024-05-08 20:24:50 UTC

I don't care if *you* think #Bitcoin is a scam
Even if 99% of my followers ignore my advice
For the other 1%, it has sparked something
Some of them now own some of the BEST ASSET IN THE WORLD
The best part is that they didn't even have to trust me
They could verify EVERYTHING I've said and come to their own conclusion

2024-05-08 20:24:28 UTC

The Federal Reserve issues the money that we use as a world reserve currency (the US Dollar).
The Federal Reserve is not a government institution.
It just uses the US government to force everybody to use US Dollars.
Who earns the profits from the Federal Reserve?

2024-05-08 20:24:09 UTC

The massive wealth gap we have today is a result of having high time preference.
Everyone wants to live it up today and they save nothing for tomorrow.
Governments promote this mindset by inflating our money away.
If you live longer than you expected, how do you avoid starving to death?
This is what will lead to a lot of 80-year-old millennials and 90-year-old Gen Zs working at Walmart.
Living like you're going to die tomorrow means you won't plan for long-term goals.
Don't think about yourself - think about your kids and all the family you leave behind.
Remember: your kids are NOT your retirement plan.

2024-05-08 20:23:35 UTC

Massive Bitcoin ETF purchase 🤯🤯https://m.primal.net/IEjQ.jpg

2024-05-08 20:21:46 UTC

Every dollar you spend on things you don't need, increases how long you will have to work to pay for the things you DO need.

2024-05-08 20:13:12 UTC

Christine Legard said "If there is an escape, then that escape will be used"
Christine is the president of the European Central Bank
She wants to regulate our ability to escape the broken financial system that is designed to steal from us
She refers to #Bitcoin as an escape
Who needs to find an escape?
Prisoners
Does this mean Christine sees people using the Euro as her prisoners?

2024-05-08 20:12:42 UTC

The financial system isn't broken.
It operates exactly how it's meant to operate.
Inflation isn't a bug - it's a feature to punish saving and reward investing.
#Bitcoin exists as an alternative to the current system, and yet the people it's meant to benefit think it's a scam.

2024-05-08 20:12:17 UTC

Wrapping your head around #Bitcoin    is hard because we have all grown up in a system that uses fake money.
It's normal for us to see the value of our savings disappear over time.
Today, we're taught that inflation is normal.
In fact, some people claim that inflation is a GOOD thing because it forces savers to spend their money.
The reality is inflation is NOT normal.
Prices of goods shouldn't be going up constantly.
Technological innovation leads to lower prices and higher-quality goods over time.
The current financial system would collapse if prices started dropping, so central banks print money to ensure that we don't go into a deflationary period (this is when prices drop).
On top of this, governments continue to go further into debt to push political agendas.
The system isn't broken; it's working exactly as intended.
The average person is meant to be a slave to the elite.
Bitcoin fixes this by creating a new financial system and providing a way to transact WITHOUT banks.
The future is bright when you study Bitcoin.

2024-05-08 10:45:55 UTC

2024-05-08 10:45:36 UTC

2024-05-08 10:44:52 UTC

2024-05-08 10:44:02 UTC

The current financial system only works if the majority of people are unaware of how it works.
Too many people becoming financially literate is a problem!
What happens when everyone wants to become a landlord?
What happens when nobody wants to work for companies and instead they want to earn cash flow from owning the stocks?
The system is a Ponzi scheme and it's quickly falling apart.
Real estate investors need renters.
Stock investors need low wage workers.
Companies like Walmart and McDonald's wouldn't be posting record profits year after year if they didn't have so much control over the labor market.
Adding value and accumulating #Bitcoin is the only way to save yourself from the inevitable collapse.
I suggest that you study it!

2024-05-08 10:43:30 UTC

Yes, because everything else will be cheap
Bitcoin represents all the monetary value in the world
Eventually, 1 house will cost 0.0001 Bitcoin
It will probably be in the middle of nowhere, but it would mean you don't have to be homeless
Today houses in the middle of nowhere are hundreds of thousands of dollars and unaffordable to everyone
If Bitcoin is a billion dollars, it means A LOT of people out there don't own real estate as an investment
What do you think would have happened to the real estate market if MicroStrategy chose to buy single-family homes instead of Bitcoin?

2024-05-08 10:42:53 UTC

#Bitcoin    is going to be millions, and even billions, of dollars.
Most people can't see this happening because they can't wrap their heads around exponential growth and the concept that "price is determined at the margin"
There are ~1.7 million Bitcoin on exchanges
A lot of this supply is not available for sale
There are only EVER going to be 21M Bitcoin
Every one of the 8 billion people in the world can benefit from owning some
Let's say 100M people in the world want to eventually be whole coiners
1 is a psychological number
Owning 1 Bitcoin will differentiate the 0.0001% from the 99.999%
Do you think the people who control the world want fractions?
No
They want as much as possible
The people who have billions of dollars of wealth won't stop at 0.87 or 0.92
They'll pay whatever they can to reach 1!
The people who have 9.95 will pay whatever they can to get to 10
The people who have 98.43 will pay whatever they can to get to 100
There are levels to this
Of course, not everyone is going to be able to own a whole coin, because there are only 21M
3-5Mare lost forever
There are 60 million millionaires
There are ~3,000 billionaires
Every bitcoin is owned by someone, and it'll have to be purchased at the market price
There are a lot of people who own Bitcoin who will NEVER sell
The people who haven't hit their target will work as hard as they can to reach it
They'll get rid of everything they own that has a monetary premium
Some people own thousands of houses
You think they care about cash flow?
Do you really think these real estate investors need the cash flow?
They already have everything they could ever want
If you think they want cash flow, you haven't thought about this much
To the wealthiest among us, it's about control and reputation amongst their friends and the elite class of society
If they could, you don't think they will want to own 1 bitcoin?
Most of these people STILL think it's a scam
Once they get it, what do you think will happen to the market price?
Borrowing against Bitcoin will be easier and easier over time, so the Bitcoin that these wealthy people hold may NEVER go back into circulation
As more money is added to the fiat currency financial system, more of it chases Bitcoin as people realize that the Ponzi scheme is collapsing
The margin is the equilibrium price that buyers and sellers agree to make a deal
This margin will continue to increase as people compete to own bitcoin
1 Bitcoin, or 100,000,000 Satoshis is the psychological level right now
Next, it will be 0.1 Bitcoin, or 10,000,000 Satoshis
In the coming years, it will be 0.01 Bitcoin, or 1,000,000 Satoshis
Eventually, the value of the dollar as money will be so low that 1 Satoshi will be $1, then $2, then $5, then $10
There's your billion dollar Bitcoin
Stop waiting
Start learning about Bitcoin today
I created a video explaining how the financial system is rigged against us.
It's 96 minutes, in the format of a presentation.
Watching it may be one of the best financial decisions you make 👇
https://youtu.be/p3rgTOJDUaI?si=YLzUHaVPxPUSv_zZ

2024-05-08 10:42:08 UTC

Social media has made it so much easier to become financially literate
This is a problem for governments
Now more people know the money supply is being inflated away and fewer people are saving in dollars
More people are buying houses, stocks, and much healthier foods meaning prices are rising
The wealth gap is becoming noticeably bigger
As the inequality grows, the people at the bottom have a bigger incentive to revolt against the system
All because financial education is more widely available

2024-05-08 10:41:47 UTC

Most people on Twitter choose to argue that #Bitcoin is a scam rather than studying it for a few hours
They choose to look like dummies over opening a book or watching a video explaining how Bitcoin works
These people are going to be so angry in the coming 6-12 months 🤣

2024-05-06 08:00:48 UTC

HOW MUCH DO YOU NEED TO RETIRE?
My estimates:
• Boomers: ~$1-$2M
• Gen X: $2-$4M
• Millennials: $3-$6M
• Gen Z: $6-$10M
• Gen Alpha: No amount of dollars will be enough because USD probably won't exist in 50-60 years
In contrast, each newer generation will need less #Bitcoin to retire:
• Boomers: 10-20 Bitcoin (@$100K)
• Gen X: 3-10 Bitcoin (@$300K-$1M)
• Millennials: 1-3 Bitcoin (@$1M-$10M Bitcoin)
• Gen Z: 0.5-1 Bitcoin (@$10M-100M)
• Gen Alpha: 0.01+ Bitcoin (USD = 0)

2024-05-06 07:57:26 UTC

2024-05-06 07:55:52 UTC

The financial system is designed as a Ponzi scheme, and newer generations don't want to be a part of it
They've figured out that the entire financial sector is designed to extract every bit of their energy and pass it on to previous participants
In my opinion, that's SMART, not LAZY
They're building an entirely new system with #Bitcoin instead

2024-05-06 07:55:46 UTC

"MR. 100" JUST KEEPS BUYING
4,300 #Bitcoin in the last 24 hours 🤯https://m.primal.net/IDnC.jpg

2024-05-06 07:54:09 UTC

Baby boomers telling millennials they need to stop being lazyhttps://m.primal.net/IDnB.jpg

2024-05-06 07:52:40 UTC

The Federal Reserve is the central bank of the United States
I think the best way to think of the Federal Reserve is as a business
The only product it sells is US Dollars, which represent PURCHASING POWER around the world
The Federal Reserve has a monopoly on the creation of the US dollar
The US government and the Federal Reserve work hand in hand, even though the Federal Reserve is not federal and has no reserves
The Federal Reserve lends money to the US government whenever it needs
In exchange, it's the only bank in the world that's backed by the US government and the biggest military in the world
The pair have worked together to prevent any new assets outside of the system from rising
The value of dollars is purely based on supply and demand
The majority of people in the world use dollars as a short-term savings vehicle
For example, China and Japan hold over $2 TRILLION in US Dollar denominated government debt
Simply put, this debt is a contract that will pay out a certain amount of dollars plus interest
Since Japan and China assume they will need dollars in the future, they are OK with holding this agreement
These countries must continue using dollars for the dollar's value to remain stable
Why?
If fewer people want to use dollars, demand for the Fed's product will drop quickly
The Fed MUST convince the world that dollars are the best medium of exchange, store of value, and unit of account
If the world stops using dollars, the Fed goes out of business
So like any other struggling business, the Fed offers deals to convince its customers to continue using its product
It does so by increasing the amount of interest paid on dollar savings in bank accounts and US Dollar denominated debt
When you save in a bank account, you get more interest TODAY than you did 3 years ago - this is the Fed giving you an incentive to save rather than spend
When you choose to save in a bank account, you contribute to a(n):
1) Increase in demand for the dollar
2) Decrease in the supply of dollars in the economy (by NOT "selling" yours)
3) Decrease in demand for other goods
4) Increase in the available supply of other goods
Prices for goods drop and the value of the dollar rises
When you choose to spend dollars, you are doing the exact opposite. You contribute to:
1) Increasing the amount of dollars available to be "bought" (supply)
2) Fulfilling the demand for dollars in the economy (by "selling" yours)
3) Decreasing the supply of other goods available to be bought
4) Increasing the demand for other goods
Prices for goods rise and the value of the dollar falls
The Federal Reserve is failing at its job
The quality of this product has fallen over time - DOLLARS BUY 99% LESS GOLD THAN THEY DID IN 1933
This has led to the development of a new competitor
That competitor works REALLY WELL
Its name is #Bitcoin   
Bitcoin runs on code that can't be interfered with
It doesn't care about feelings
There will never be more than 21M Bitcoin because the people who own it don't want more to exist
If there's a way to increase the supply, demand for Bitcoin will drop to 0 very quickly (millions of people will sell if this happens)
Since Bitcoin is a direct attack on the US Dollar and the Federal Reserve, the Fed and the US government are trying their hardest to stop the Fed's customers from leaving the dollar-based financial system
- they are blocking off ramps
- they are trying to make privacy a crime
- they are working as hard as they can to spread fear, uncertainty, and doubt about Bitcoin
Their goal is to keep you a slave to their system
If you stop using their dollar, they have no more power
If you start building wealth and saving in another currency, demand for the dollar drops
When you stop relying on them, they aren't able to control you
STUDY BITCOIN
Share the message so others learn too
Want to learn more?
I made a video to teach you the basics of how money works in simple terms.
https://youtu.be/p3rgTOJDUaI?si=YLzUHaVPxPUSv_zZ

2024-05-06 07:52:01 UTC

Memories of experiences get better as you get older
Material things fade away
Spend your money on what you think you will value over the next few decades
If I have a limited budget and have to choose betw

2024-05-06 07:51:47 UTC

The US Dollar is the best currency in the world
And yet it's lost 99% of its value over the last 100 years
1,000,000 USD buys LESS gold than what cost $10,000 in 1933
Why aren't more people questioning this?

2024-04-30 08:52:53 UTC

WOW
You can't look at this chart and say things are going the way they should
And yet...
People say Bitcoin is a Ponzi scheme?
Investors are speculating on homes
They're taking homes away from first-time home buyers
Now that you see it, you can't unsee ithttps://m.primal.net/IBcY.jpg

2024-04-30 08:51:29 UTC

The CFA exams are some of the most difficult ones to write
But for some reason, CFA charter holders can't wrap their heads around #Bitcoin   
This is because most "smart" people are great at regurgitating information but they can't think for themselves
I'm saying this as someone who only recently figured out how Bitcoin works
If you want to learn how money and Bitcoin work from a CFA charter holder who can think critically and knows what they're talking about, WATCH THE VIDEO BELOW 👇
https://youtu.be/p3rgTOJDUaI?si=YLzUHaVPxPUSv_zZ

2024-04-30 08:50:22 UTC

The commercial real estate market is collapsing.https://m.primal.net/IBcW.jpg

2024-04-30 08:49:33 UTC

The US government is trying as hard as it can to ban #Bitcoin and ban freedom in the US by attacking the ability to run a node.
This will happen everywhere!
More people learning about Bitcoin means more people who push back against tyranny.
Please SHARE THIS POST - this video is my attempt to orange pill as many people as possible 👇
https://youtu.be/p3rgTOJDUaI?si=YLzUHaVPxPUSv_zZ

2024-04-26 23:34:04 UTC

The early 2,000s will be considered a very weird part of history where you can buy the best money in the world using the WORST money in the world.
How long do you think this will last?
#Bitcoin

2024-04-26 23:33:37 UTC

Delaying gratification is painful.
You're sacrificing a bit of today for a future that may never even exist.
You know what would be even more painful?
Being in your 60s, waiting for your next social security check, knowing you could have prevented this from happening.

2024-04-26 23:32:50 UTC

"Intrinsic value" CANNOT be applied to commodities like #Bitcoin   
Intrinsic value is supposed to be a way to calculate the true current value of an asset using variables like dividend streams, discounted cash flows, and residual income.
Commodities don't produce any of these, so you can't use intrinsic value to calculate what they're worth.
We don't value the food we eat based on the cash flow it provides - we price it based on supply and demand.
#Bitcoin    is a commodity.
Intrinsic value only applies to stocks, real estate, bonds, etc.
It can be completely subjective based on an investor's assumptions for risk-free rates, consumer demand, etc.
For example, people say "Apple has intrinsic value" and "Apple isn't a speculative investment because of its cash flows."
How do you know people will still want iPhones 30 years from now?
Intrinsic value doesn't consider disruptive technology or network effects, because it isn't designed to do so.

2024-04-26 23:31:48 UTC

Part of the reason why housing is scarce is because we don't have enough labor to build homes
Since houses are scarce, they've become a financial asset
How many resources the current financial system extract from society (mostly in terms of labor)?
#Bitcoin    disrupts the financial industry by eliminating individual human involvement in financial decisions, like deciding interest rates
We pay people to predict where the market is going so that they can manipulate people into spending or saving
This is essentially what the Federal Reserve's job is!
Banks exist to store money, lend money, and give us a way to not have our money stolen via inflation
THEY CREATE THE PROBLEM THEN GIVE US A SOLUTION
Bitcoin makes it so that the market decides prices and rates for itself
On a Bitcoin standard, 90% of the financial industry wouldn't exist
The biggest reason for this is that we won't need millions of bank branches and ATMs to store our money!
What happens to all those resources when Bitcoin replaces the current financial system or eliminates all redundancies?
They will be used to solve more important problems, like building more houses, growing better food, and finding solutions to real problems, because that will be the only way to make money

2024-04-25 22:56:59 UTC

I've been saying this for a while
"The US will increase capital gains tax rates"
After taxes go up, they will come after taxes on income
Then unrealized capital gains 🤣
This is what leads to "capital flight"
When the wealthy leave, they take all their money, ideas, leverage, and connections with them
Why would the wealthy stay in the US when they pay way more in taxes... vs living somewhere where they can produce whatever they want and pay less in taxes?https://m.primal.net/HzvR.jpg

2024-04-25 22:44:28 UTC

Saying "#Bitcoin uses too much energy" is kind of stupid.
If we had a shortage of energy:
- We wouldn't keep our computers on all the time
- We would turn off our phones whenever we're not using them
- We wouldn't regularly see people who are obese

2024-04-25 22:44:10 UTC

The US is in a debt spiral.
It borrowed so much money that it has to borrow more to pay the interest on the money that was borrowed in the first place.
This is like using a credit card to pay off a previous credit card balance.
In a few decades, $35 trillion of debt will feel like nothing, just like an additional $100B of debt feels like nothing today and $100M of debt 50 years ago.
We may see the quadrillion-dollar debt level within our lifetimes 🤯🤯

2024-04-25 16:25:22 UTC

Blackrock's Bitcoin ETF, IBIT, now holds 274,462 BTC, THE SAME as the last trading day
This is the first time IBIT had $0 inflow after 71 straight days of positive numbers
Is Bitcoin dead?
No
I guarantee that most people buying IBIT are retail investors
Retail investors don't buy when the price is moving sideways - they base their decisions on emotions
If BlackRock clients were institutional investors, they would be buying the dip
So that means...
1) We got to 73k WITHOUT most institutional investors even caring
2) Blackrock clients aren't selling... meaning they're holding? How long is their holding period?
We'll see what happens over the next few days
Until then, enjoy buying Bitcoin at the $60K level and potentially below!
This makes me happy because I get to continue buying lowhttps://m.primal.net/Hzog.jpg

2024-04-25 16:24:01 UTC

How I feel driving my 2009 Honda Civic that works perfectly fine:
(I don't care about driving expensive cars)https://m.primal.net/Hzoc.jpg

2024-04-25 16:23:09 UTC

Scam Bankster Fraud thinks regulatory protection against financial crimes is key
How ironic that he was the one consumers needed to be protected from 😂😂
#Bitcoin

2024-04-25 09:26:18 UTC

🚀 Long $BNB - Potential breakout on the horizon. The chart remains bullish for an upward impulse, even amid news of CZ's sentencing.
📈 Entry: $605
⏳ Timeframe: 1H (Scalp)
🔨 Leverage: 10x
❌ Stop Loss: $590
🎯 Targets: $630, $660
📊 Portfolio Allocation: 16%
#Bitcoin #scalpinghttps://m.primal.net/HziT.jpg

2024-04-25 09:23:23 UTC

5-10 years of learning about money and living below your means while everyone else is consuming...
...could give you 40+ years of freedom while everyone else is working.
Make the right decisions.

2024-04-25 09:22:59 UTC

Did you notice that when banks launder money the CEOs don't get arrested?https://m.primal.net/HziQ.jpg

2024-04-25 09:21:57 UTC

How do you convince yourself to NOT buy the best-performing asset in history? 😂😂
#Bitcoinhttps://m.primal.net/HziP.jpg

2024-04-25 09:20:37 UTC

I'm 31 years old and I can't wait to tell my grandkids I sold all my stocks to buy #Bitcoin

2024-04-25 09:20:15 UTC

If you think Bitcoin is a scam, what will make you change your mind?
What will prove to you that #Bitcoin ISN'T a scam?
Most people don't have an answer to this because they can't think for themselves
If you were previously a skeptic, what made you change your mind?

2024-04-25 09:19:36 UTC

I have a feeling a lot of the people bashing #Bitcoin this cycle will be bulls by 2029
Sadly, they won't get it until 1 BTC = $300K+
And even then...
They will be early.

2024-04-24 13:42:40 UTC

A $60,000 job shouldn't require a $100,000 education.

2024-04-24 08:13:03 UTC

The US government is handing out rebates as a part of the Inflation Reduction Act
How do rebates help with reducing inflation??https://m.primal.net/HzOp.jpg

2024-04-24 08:11:57 UTC

Most people reject #Bitcoin    because of emotions, not logic
They believe certain things and they can't let go of those beliefs
They get angry when those beliefs are challenged
Bitcoin makes you question everything you've EVER learned about money
- It's not issued by governments
- It doesn't produce cash flows
- It has no counterparty risk
- It can't be censored
- It's deflationary
- It's neutral
- It's digital
NOTHING like this has ever existed before
Instead of doing the work to wrap their head around how Bitcoin works, most people are looking for ways to reject it
This is why most people won't catch on until bitcoin is $1M or more

2024-04-24 08:11:24 UTC

Only buy #Bitcoin with money you don't need in the short term (eg. don't buy with your rent money).
Build an emergency fund with 3-12 months of expenses so you can avoid being forced to sell if you lose your job or face an unexpected expense.
You can buy small fractions of BTC over time if that's what you prefer.
Ignore the people telling you to get to a 100% Bitcoin allocation - they don't know your financial situation.
I think Bitcoin is the future but I still have a primary residence and a tiny bit of gold for the chance of a complete system collapse.
I think a worse position to be in is selling in a panic because you can't handle the volatility.
Don't put yourself in a situation where you have to sell when the market price is down 50%.
Your emergency fund will let you avoid selling right in the middle of a bull market.

2024-04-24 08:10:14 UTC

I wrote a free Bitcoin fundamentals eBook.
It goes through how money works, how the Cantillon effect is being used to steal from you, Bitcoin's discovery, the basics of mining, and how you can benefit from Bitcoin.
Get it here: http://rajatsonifinance.com

2024-04-24 08:09:44 UTC

How much of your portfolio is allocated to #Bitcoin makes a massive difference.
You DON'T need to have 100% of your portfolio in Bitcoin to benefit!

2024-04-24 08:09:16 UTC

In 2011, the S&P 500 index was equivalent in value to 417 Bitcoin
Today, the S&P 500 index is equivalent to 0.076 Bitcoin
Why?https://m.primal.net/HzOn.jpg

2024-04-24 08:08:29 UTC

Have you noticed how many people are gamblers now?
Sports betting, casinos, 0 days to expiry options, futures, etc.
Fiat currencies make everyone want to gamble because the wealth they accumulated is quickly decaying and will trend toward 0 FOREVER.
Anyone with savings must make sure that their money multiplies quickly before it's gone forever.
If you have a basic understanding of finance, you realize that you can make a bit more than inflation by risking everything on the stock market or buying houses, because both will go up forever, right?
The issue is that both of these methods of savings are negative sum games that extract wealth from society and move wealth to the financial industry.
You can buy a house (decrease the supply of houses available to people who want to buy a home to live in) and then you can rent it out to someone at the current market rate (which would be a lot lower if you didn't buy the house in the first place - fewer people being able to own a home means higher demand for rentals).
You can buy stocks, get a dividend each year from the profits your companies make, and retire happy.
The problem:
When you invest in the legacy system, you are unintentionally profiting from the current wealth gap, and banks and financial institutions take a cut EVERY SINGLE YEAR. They charge you fees, interest, etc.
How do companies like Walmart and McDonald's keep providing cheap goods and services without exploiting workers? They wouldn't be profitable if they had to pay a wage that employees could live on.
People are figuring out that putting in the time and hard work at a job paying minimum wage isn't worth it because you're paid in a currency that can be printed at will.
Over time, Walmart and McDonald's can find fewer people who are willing to earn a couple of dollars an hour.
When the employees run out, we move to lower-quality products and pay $20 for a burger made of 3d printed meat.
The masses are no longer interested in being exploited.
More people are living in their cars because they can't afford rent.
More people are learning to cook at home because going out to eat is unaffordable.
You can't squeeze the middle and lower classes forever - society starts collapsing.
Is it worth working at McDonald's or Walmart if you understand how the internet works and you're willing to start some kind of business?
Not at all.
This is where gambling comes in.
Most people AREN'T willing to start a business, but they still want to get rich quickly.
Participating in the housing market is a gamble. Buying stocks is a gamble.
Most people are buying index funds but they don't even know what they're buying anymore. They buy houses because they think everyone wants to live in the West.
They KNOW that if they keep dollars, they will have nothing a few decades from now.
They don't see the risks associated with investing in legacy assets because everyone else is doing it.
The pandemic and lockdowns broke the old system. Now EVERYONE wants to get rich by owning real estate and stocks because that's all we saw happening on social media. Fewer people want to work jobs and add value.
At the same time, some workers have started producing value and selling it on the internet. They don't need employers to pay them minimum wage.
What happens if companies like McDonald's can't make a profit anymore because they can't find workers to exploit?
What happens to the housing market in the US and Canada when newer generations stop caring about owning a home because it's so out of reach?
Most people don't see "investing" as a gamble because it's always worked out in the past.
I think the next 20-30 years will be very different.
When you put all your savings in assets controlled in some way by government regulation, you put yourself at risk of losing everything.
The solution to all of this:
STUDY #BITCOIN

2024-04-23 15:00:10 UTC

#Bitcoin is an index for purchasing power that can be accessed ANYWHERE in the world.
There is no other digital asset that can take its place because of:
1) The network effects
2) Brand awareness
3) Security
Altcoins are fighting for, at best, second place.

2024-04-23 11:02:43 UTC

This is one of the biggest risks you take when you buy real estate as an investment...https://m.primal.net/Hyvr.jpg

2024-04-23 11:00:30 UTC

If you took this guy's advice and sold your #Bitcoin    and bought gold...
You would have lost 70% of your purchasing power 😭😭https://m.primal.net/Hyvq.jpg

2024-04-23 10:45:43 UTC

In 2011, 1 ounce of gold cost 591 #Bitcoin
Today, 1 ounce of gold costs 0.03 Bitcoin
Why?https://m.primal.net/Hyvi.jpg

2024-04-23 10:44:21 UTC

"In a few years, a home is going to cost less than 0.01 #Bitcoin   . If you can get to 1 Bitcoin you'll be so wealthy in the coming years. Most people have no allocation at all. Buy now so you can front-run 99% of the world. Read The Bitcoin Standard by
@saifedean
."https://m.primal.net/Hyvh.jpg

2024-04-23 10:43:17 UTC

As you learn how #Bitcoin works, it becomes very difficult to NOT increase how much you own.
I've NEVER met someone who wants to own less Bitcoin.
That doesn't mean you need to put 100% of your savings in Bitcoin.
Buy whatever stocks and real estate you want if they make you feel secure.
Even a very small allocation will be VERY valuable in 10-20 years if Bitcoin goes where I think it will.
I think everyone should learn about Bitcoin before buying a significant amount, but most people are so convinced that it's going to 0 that they don't want to waste time learning.
If this is the case, you can easily buy a fraction of 1 BTC for a small amount of money, store your private keys properly, and never think about it again.
A small purchase WON'T hurt you, but it may make you think about the potential and start learning more.

2024-04-22 22:23:48 UTC

Today, 99% of people don't want to take a risk with #Bitcoin
But in a few years, they will shit on anyone who did, because "they got lucky"

2024-04-22 22:23:21 UTC

Mike Tyson earned $500M in his career.
He spent the majority of his money on mansions, cars, and parties.
He declared bankruptcy in 2003 because his income couldn't support his lifestyle.
If you have a spending problem, no amount of earnings will satisfy your desire for more.

2024-04-22 06:09:39 UTC

There is no cost to process a gold transaction because it's not possible. This is another reason why we're never going back to a gold standard.
We will find ways to scale with #Bitcoin, without relying on custodians.
With gold, you can't scale without custodians!

2024-04-22 06:08:56 UTC

As soon as I stopped worrying about perfection and focused on progress, I started to see consistent growth in more aspects of my life.

2024-04-22 06:08:28 UTC

On a Bitcoin standard, we will see companies releasing their best products ASAP because they know that they can get the most amount of #Bitcoin today.
Bitcoin is a deflationary asset - anything priced in Bitcoin will decrease in value over time.
Businesses will be incentivized to produce the best goods they can for the most money they can get immediately.
Instead of delaying innovation, they will produce the best, most innovative products today, to ensure they are ahead of the competition.
High quality goods will be abundant rather than being rare like they are today!

2024-04-22 06:08:12 UTC

Mortgages are NOT free money
Stop saying that
It makes you sound uninformed
You could potentially go bankrupt if you buy a rental property and your decision/timing is wrong
"Free" can leave you homeless if you don't understand the risks

2024-04-22 06:07:55 UTC

On a #Bitcoin    standard, we will see:
1) Cheaper housing
2) Fewer wars
3) Healthier food
4) No monopolies (b/c of competition)
5) Life gets cheaper over time
6) Happier people
7) Better relationships
8) Stronger communities
What else?

2024-04-22 06:07:18 UTC

The taxes you pay are supposed to go toward building roads, making schools, and improving the quality of life for citizens.
Instead, a large portion of your taxes go towards governments paying interest on the money they borrowed...
How is that NOT a ponzi scheme?

2024-04-22 06:06:58 UTC

Bitcoin is revolutionary because it's the first form of money that can perform 3 functions:
- Store of value
- Medium of exchange
- Unit of account
Fiat (government-issued) currencies were born because gold is not portable, so it was difficult to use as a medium of exchange.
Gold only works with centralized third parties. Instead of having to move gold from one place to another, paper money that represented gold gave us the ability to transact quickly and efficiently.
Fiat money forces everyone to invest in real estate and stocks to store value for the future because there's no limit to the amount that can be created. Every fiat currency has failed in the past due to greed from the people issuing it.
Since Bitcoin has a limited supply, we are moving to a world where all other goods (including stocks and real estate) will always decrease in value in terms of BTC.
With Bitcoin, you're not required to take other risks (like counterparty risk when it comes to stocks, or the risk of natural disaster when it comes to real estate).
You hold one asset that you can use to store, transfer, and account for value.
1 USD ≠ 1 USD 10 years from now because there's no limit to the supply of USD.
1 BTC = 1 BTC 1,000 years from now because the Bitcoin network will not produce any more BTC after 21,000,000 are issued.

2024-04-22 06:06:21 UTC

Grayscale is coming out with a "Mini #Bitcoin ETF"
Fees will be 0.15%
This should stop some of the bleeding
GBTC started with 619,000 Bitcoin, and now they're at almost 300,000 because of high fees
They're finally doing something to cut their losseshttps://m.primal.net/HyaA.jpg

2024-04-22 06:05:38 UTC

In November 2015, 64,000 Nigerian Naira bought 1 #Bitcoin   
Today, the price of 1 Bitcoin is 75,000,000 Naira
Today, 65,000 USD buys one Bitcoin
Can 1 Bitcoin be worth 75,000,000 USD in January 2033?
I know people will say that the Naira is not comparable to the US Dollar
But every fiat currency is worthless
The value is based on belief and the people issuing it can create more at will
Why would you trade your finite time for something that can be created with a press of a button?
Nobody has a clue how many dollars will exist by 2033
We don't know how much debt the US government will be in
We don't know if the Federal Reserve will still be a thing
We don't know how many governments may start printing dollars to buy Bitcoin
By 2033, ~98% of the supply of Bitcoin will have been mined and at that point, most of the world will have adopted Bitcoin
Let's see what happens...
In 2033, we will be in the 7th cycle and only 0.78125 new BTC will be produced every 10 minutes - 25% of the newly issued supply todayhttps://m.primal.net/HyZy.jpg https://m.primal.net/HyZz.jpg

2024-04-21 23:00:05 UTC

All fiat currencies will eventually be worthless
Today, you can buy 153,800 Satoshis (0.001538 #Bitcoin) with 100 USD
In a few decades, you'll be able to buy $100 bills from gift shops for 500 satoshis 🤣🤣https://m.primal.net/HyVc.jpg

2024-04-21 00:13:44 UTC

2024-04-20 22:32:58 UTC

Housing prices will continue to drop in terms of #Bitcoin forever as people figure out that Bitcoin is a better store of value than real estate
A house will cost 0.1 Bitcoin or less
It's not about IF, but WHEN

2024-04-20 22:32:26 UTC

I first started paying attention to #Bitcoin in 2020 (before the third halving)
My friend told me to buy some because the price was below $4,000, and very low when considering the previous peak
I thought I was smart, so I'll just wait until it drops to $3,000 or $2,500 so I can buy more
The price never dropped below $4,000 again
If you think you're smart and you're trying to time the market, DON'T
Just buy what you can and set it aside while you continue to accumulate more over time
Maybe 6 months from now Bitcoin will be at $40,000 and you will have the opportunity to buy ~60% more
But what happens if Bitcoin's price goes above $70,000 and NEVER comes to the $60,000 level again?
Remember:
You can buy fractional units of bitcoin
You don't have to have whole coins
In 20 years, when Bitcoin is worth significantly more than it is today, your fractional units might be worth enough to pay off your mortgage or buy you a new car
Focus on the fundamentals of the asset:
There will NEVER be more than 21 million Bitcoin
There will ALWAYS be more fiat currencies printed
Maybe the price goes slightly lower in the short term
But you should be protecting yourself against the price going MUCH higher in the long term while you have no exposure
My biggest mistake was thinking that I was smarter than the market
Don't do what I did in the past
Now that I understand Bitcoin at a much deeper level, I have figured out that buying at any price is a good decision if you have a long enough time horizon!

2024-04-20 22:32:02 UTC

In 30 years, #Bitcoin    will be a part of everyone's life. Even if you can't visualize this yet, put in the time to study it.
If you're a beginner, here are some topics you can start learning about:
(BOOKMARK THIS POST - refer back to it later!)
- Why gold was money for thousands of years
- Central banking
- Fractional reserve banking
- Executive Order 6102
- The Nixon Shock
- What is fiat currency
- Money creation in the legacy financial system
- Bitcoin supply and demand
- Decentralization
After you put in the time, it becomes obvious that decentralized uncorruptible money is where the world is going.
Regular everyday people don't want to be scammed by their bank and the only way to do so is to eliminate the bank from our finances.
Bitcoin does that for you by allowing you to store your wealth in your own possession instead of trusting banks to hold it for you.

2024-04-20 22:31:44 UTC

99.9% of people have not studied #Bitcoin   
The majority either ignores the topic or thinks it's a scam
Make sure this is not your reality
Be a part of the 0.1%
STUDY BITCOIN

2024-04-20 14:57:16 UTC

Why do people still listen to big banks like JPMorgan when making financial decisions like whether they should buy #Bitcoin   ?
Did Blockbuster tell its customers to use Netflix?
Banks profit from our mistakes
They benefit when we make the wrong financial decisions, like locking up our future to borrow hundreds of thousands of dollars
Do you think they want us to own Bitcoin?
Bitcoin gives us the ability to spend our money WITHOUT relying on banks
On a Bitcoin standard, consumer loans will not exist the way they do today
Do you think banks will be able to offer a Bitcoin credit card?
No way - it'll be way too risky for them
Of course banks will tell you Bitcoin is going down...
They want you to continue relying on dollars, and bank accounts, and debt that they profit from
When retail investors panic sell Bitcoin, banks swoop in and buy whatever they can
They hope the financial system continues to operate the way it is right now for decades to come
Bitcoin is a bank CEO's biggest fearhttps://m.primal.net/HxqT.jpg

2024-04-20 14:56:04 UTC

Someone paid $700,000 to have their $0.97 transaction included in block 840,000
This is wild 🤯🤯https://m.primal.net/HxqQ.jpg

2024-04-20 14:54:17 UTC

If the cost to produce a home falls, and we see the supply of homes rise...
What will happen to housing prices?
Is it smart to take on debt to buy as much housing as you can get?
Seems like a gamble to me
#Bitcoin    fixes this
When you own Bitcoin you don't need to worry about anything else
Bitcoin is programmed to become more valuable every 4 years on its own
You just need to be able to hold on as long as possiblehttps://m.primal.net/HxqM.png

2024-04-20 14:52:56 UTC

People are paying millions of dollars to use the #Bitcoin network
And at this point, 99% of the world thinks Bitcoin is a scam
Is Bitcoin's security budget still a problem?https://m.primal.net/HxqK.jpg

2024-04-20 14:51:41 UTC

There is no limit to how many dollars can be produced
There will only ever be 21 million #Bitcoin   
Help me do the math:
What's infinity divided by 21 million?