Bitcoin is NOW being recommended for Normies... (1-5% of a portfolio)
Posted by CaptainKirk 2 days, 7 hours ago to Economics
I Know the Gulch doesn't believe in BTC.
But suddenly JPM Does.
We are about to enter a new era where Banks can keep it on the balance sheet.
Banking Clients can transfer their electronic cash, coins to other banking clients.
The average person here is stuck on "The only value it has is 'The Greater Fool' theory". And that's wrong, as I've said before. The value is 100% the "network". There are so many NODES across the world, keeping track of the transactions, and the COST of running those "miners" who get paid in BTC for doing it... Simply goes up in electricity terms. (Being a "miner" of BTC is just a way of DCA BTC by using the electricity you have available).
THIS VIDEO does not talk about some of this, it talks about STRC paying 10.75% interest per YEAR, in monthly payments. And the BANKERS Attack on STRC and MSTR/Saylor.
Regardless. If you like GOLD, get GOLD. But the Harvard Trust bought 2x the amount of BTC as they did GOLD recently. Let that sink in.
I know I am screaming into the wind here. But BTC would be the money of choice for our FOREFATHERS. Dollars will be inflated (all FIAT will), but there is NO INFLATING BTC. You cannot counterfeit it! You cannot print it into existence.
More and more brokerages are allowing IBIT to be purchased.
What was pushed against so hard is coming in as many of us predicted.
FACT... Dollars have a half life of 36 years when inflation is 2%
So in a normal lifetime (72 years). The value of the dollar will be reduced by 75%...
FACT... The value of BTC cannot suffer this inflation. Now, it can suffer volatile swings (for now).
OPINION... A Satoshi is 10^-6 of a BTC. I think the original realization was that a Satoshi would become a PENNY. Marking BTC to $1 Million per BTC. (Over 10x from here), but due to the excess inflation...
I think a Satoshi will be marked to $1. (and that puts BTC at $100 Million).
Now, this will NOT happen over night. The rule of thumb is that if you held BTC for 4 years, you were UP. Now that 4yr cycle is changing and the volatility is DROPPING.
As more people "Want" BTC, the volatility will go DOWN. It was 80% then 70% now closer to 30%...
But it is NOT going away. It will be a bumpy ride.
Like I told my future son-in-law... Buy a fraction of BTC on dips like this.
And if you have money in CDs, consider STRC. When it pays 2-4 times what your CDs are paying. It's a no brainer. (I own a lot of shares of STRC, but it is designed to be priced around $100. Maybe 3% volatility. It is very liquid, unlike a CD).
And sure enough, it is paying it's dividends every month.
And they have a tax advantage.
But I am looking for Cashflow as I get close to retiring.
Maybe some of you are.
I am NOT a financial adviser. This is not financial advice, it is letting you know what is out there.
I mention this, because a friend is retiring and he bought a very expensive annuity, knowing too little about them. Luckily he did ONLY 50% of his IRA in the annuity. He has now added STRC using 20% of the remaining 50% (so 5 times less than the annuity). And it hit him "how expensive the annuity is".
He would be able to live off of more money had he bought STRC, and he could have started taking that money out this month, not waiting for 7 years!
PS: In order to replace GOLD as an investment. BTC has to grow 10x from here. These are the early days, still.
But suddenly JPM Does.
We are about to enter a new era where Banks can keep it on the balance sheet.
Banking Clients can transfer their electronic cash, coins to other banking clients.
The average person here is stuck on "The only value it has is 'The Greater Fool' theory". And that's wrong, as I've said before. The value is 100% the "network". There are so many NODES across the world, keeping track of the transactions, and the COST of running those "miners" who get paid in BTC for doing it... Simply goes up in electricity terms. (Being a "miner" of BTC is just a way of DCA BTC by using the electricity you have available).
THIS VIDEO does not talk about some of this, it talks about STRC paying 10.75% interest per YEAR, in monthly payments. And the BANKERS Attack on STRC and MSTR/Saylor.
Regardless. If you like GOLD, get GOLD. But the Harvard Trust bought 2x the amount of BTC as they did GOLD recently. Let that sink in.
I know I am screaming into the wind here. But BTC would be the money of choice for our FOREFATHERS. Dollars will be inflated (all FIAT will), but there is NO INFLATING BTC. You cannot counterfeit it! You cannot print it into existence.
More and more brokerages are allowing IBIT to be purchased.
What was pushed against so hard is coming in as many of us predicted.
FACT... Dollars have a half life of 36 years when inflation is 2%
So in a normal lifetime (72 years). The value of the dollar will be reduced by 75%...
FACT... The value of BTC cannot suffer this inflation. Now, it can suffer volatile swings (for now).
OPINION... A Satoshi is 10^-6 of a BTC. I think the original realization was that a Satoshi would become a PENNY. Marking BTC to $1 Million per BTC. (Over 10x from here), but due to the excess inflation...
I think a Satoshi will be marked to $1. (and that puts BTC at $100 Million).
Now, this will NOT happen over night. The rule of thumb is that if you held BTC for 4 years, you were UP. Now that 4yr cycle is changing and the volatility is DROPPING.
As more people "Want" BTC, the volatility will go DOWN. It was 80% then 70% now closer to 30%...
But it is NOT going away. It will be a bumpy ride.
Like I told my future son-in-law... Buy a fraction of BTC on dips like this.
And if you have money in CDs, consider STRC. When it pays 2-4 times what your CDs are paying. It's a no brainer. (I own a lot of shares of STRC, but it is designed to be priced around $100. Maybe 3% volatility. It is very liquid, unlike a CD).
And sure enough, it is paying it's dividends every month.
And they have a tax advantage.
But I am looking for Cashflow as I get close to retiring.
Maybe some of you are.
I am NOT a financial adviser. This is not financial advice, it is letting you know what is out there.
I mention this, because a friend is retiring and he bought a very expensive annuity, knowing too little about them. Luckily he did ONLY 50% of his IRA in the annuity. He has now added STRC using 20% of the remaining 50% (so 5 times less than the annuity). And it hit him "how expensive the annuity is".
He would be able to live off of more money had he bought STRC, and he could have started taking that money out this month, not waiting for 7 years!
PS: In order to replace GOLD as an investment. BTC has to grow 10x from here. These are the early days, still.
What Michael Saylor is Doing...
https://www.youtube.com/watch?v=rQMFr...