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flozet
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@EvanAKilgore That's pretty wild.
A buddy of mine was filming at the car show, the night before, at the convention center, in Salt Lake, and Robinson walks through the scene, in the background, just after the grey-haired guy in the sport jacket..
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This is a land grab. This is a gold rush.
You don't have to participate... but your descendants will wish you had.
This is the second wave of the Digital Revolution - the digitization of value to complement the Internet's digitization of information.
It wasn't possible to own a slice of the Internet itself, but it is possible with Bitcoin, the internet of value.
But what's crucial to understand about this protocol of digital value is...
There will only ever be 21M #Bitcoin.
@Eric_BIGfund recently told me that this fact was what grabbed Saylor's attention after years of dismissing Bitcoin. Here's why...
There are 8B people on the planet. That means that there's only ~0.0025 BTC per person.
But most of it is already accounted for. Only 5.8% remains to be mined (~1.2M BTC). And of the already circulating supply, probably ~16M is held by believers with no intention to sell between here and $1M/BTC.
That means ~5M BTC is still up for grabs.
And yet, only ~0.2% of the world's $900T of capital has shifted into Bitcoin.
That means that 1% of the world has a 20% allocation to Bitcoin... but the remaining 99% of the world still has a 0% allocation.
1% of the world fighting over ~16M BTC took us from $0/BTC to $90k/BTC.
How high will the price go as the remaining 99% of the world fights over 1/3 as much available Bitcoin? If it's only linear, that would mean ~300x higher.
Meanwhile, Saylor's bullish prediction for 20 years from now is $49M/BTC, which would be a ~544x from today.
It feels like you're late to Bitcoin. But this is a bigger game playing out than most realize, and we are much earlier than casual observers know.
If you're reading this, you're here on the frontier early. And you have a chance to stake a claim before 99% of the world shows up.
This is a land grab. This is the digital gold rush. Make your descendants proud.

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The last time #BTC was at $50,000:
- >50% of supply held by lettuce hands
- Terra/Luna running ponzi
- FTX selling paper BTC
- GBTC premium buyers getting rekt
- Precipice of fastest rate hike in history
- Super Bowl "crypto" ads
#BTC at $50,000 today:
- 70% of supply held by diamond hands
- Passive Wall Street bid
- 9 weeks away from halving
- Rate cuts coming later this year
- No Super Bowl ads
The noise is quite.
The fluff is gone.
No we ride.

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With respect to Binance, I'm reading through the SEC complaint. It's over 130 pages, but seems like the next in a series of steps to implement chokepoint 2.0 in the United States. The end goal is a agenda based CBDC partnered with a handful of massive banks and end-to-end control over every aspect of your financial life.
A regulatory event is where you have a debate about compliance with a law or guidance. This event seems to be a polticial philosophical disagreement with the very existence of cryptocurrencies and what they represent. An unelected group of people have decided that concepts like self-sovereign identity, owning your wallet, and the freedom to control your economic agency should be removed from the masses and given to the "enlightened" few.
Honestly, what is happening isn't anything new. It's always the same fight between freedom and authoritarianism just with different players, technology, and words. It does seem like this event is a perfect opportunity for the entire industry to set aside it's fragmented nature and unite for a common sense set of rules and guidelines that can prevent the United States from slipping into a distopia that would make 1984 look like a vacation.
I'll have more to say later, but will close with we are going to be fine. Everything's alright and the future is bright for the industry.
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