Them: "Nobody uses Bitcoin"

@saylordocs I’m fascinated to see where BTC ends up in respect to the financial system. New ‘gold standard’?

@saylordocs Traditional banks are in denial 🤣 $BTC

@saylordocs Where did you get this information from? Is it apples to oranges comparison. So much gaslighting in the Bitcoin world.

@saylordocs @grok how was this data gathered?

@saylordocs The craziest part is that Visa and Mastercard have been building their networks for 60+ years with millions of merchants, POS terminals, and partnerships worldwide. Bitcoin did this with no marketing department, no sales team, no merchant onboarding program 😂

@saylordocs And on top of that, the Lightning Network is being used more and more!!

@saylordocs Bank propaganda is unbelievable.

@saylordocs I don’t know anybody in real life holding BTC anymore. I highly doubt 25T is the case today

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@saylordocs bitcoin won the volume war while ct was arguing about price targets

@saylordocs $25 trillion is not a niche asset, that's a global settlement layer

@saylordocs @grok Are these real numbers?

@saylordocs MasterCard and Visa are being used to transact goods and services. Bitcoin is being used to exchange Bitcoins. They are not the same.

@saylordocs The same vibe

@saylordocs Separate trading volume from actual use, try again. If BTC so amazing, going to 1mm, why spend it on ANYTHING? A pizza/burger/services? If going to 1mm, why not spend useless $s for those things? Peer to peer network, digital gold, digital oil, which is it? Make up your mind.

@saylordocs “nobody uses Bitcoin” aged badly.

@saylordocs Most of that Bitcoin figure is comprised of exchange related transactions, not real world usage like with Visa and Mastercard. This is a highly misleading graphic.

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@saylordocs We are still early

Nobody uses Bitcoin. Except people that buy small amounts and “HODL” and don’t use it because they see it as a growth Stock to hold with 0% dividend. They use Bitcoin for illegal purposes. Or they use Bitcoin to gamble on online casinos. Nobody is going to the grocery store and using it.

@saylordocs The value system for the people. Of course it's being used a lot.

@saylordocs The $ volume does not tell you much. The number of transactions could tell a part of the story. Even then, it might be just moving through your own wallets.

@saylordocs Shuffling some BTC from one exchange custodial wallet to another exchange custodial wallet for speculation purposes isn't using it. Satoshi wanted people to make transactions from one peer to another peer, ie, user to user. Sending to an exchange for fiat doesn't count.

@saylordocs The real question is how much of that $25T is genuine economic activity vs internal exchange flows.

@saylordocs Soon it’s going to be everyone uses bitcoin, the tables always turn. It’s going to be early

@saylordocs Interesting 👀 That's why they're desperate to launch Crypto cards.

@saylordocs @saylordocs Estimate : - over 80+ millions wallet for $BTC since 2010 and 25T Around 0.5 to 1% of people in the world - More than 4 billion Visa cards and Master cards have been in circulation worldwide since 1976 and 16T If you understand this, you understand everything !

@saylordocs Bitcoin built the rails while everyone was busy doubting.

@saylordocs Turns out when money is open, borderless, and always on, people do find a way to use it! 🫣

@saylordocs Let me rephrase it for you: Nobody uses Bitcoin for necessary transactions. There is a difference whether you're transferring money for the heck of it (alas, speculation) or whether you are integrating this payment form in day to day life.

@saylordocs Well this a bullshit metric if I ever saw one 😂

@saylordocs Nobody uses it, they store money into. There is a difference.

@saylordocs That’s not using it for transactions that’s mostly bots trading it to keeps the price from dropping

@saylordocs Movement between wallets is not the same as making actual payments for goods and services.

@saylordocs that's not a real figure though, there's no real figure for cash transaction value

@saylordocs Lol yeah you obviously have to use $ metric and not actual transaction volume.

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