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Bitcoin is at a possible divergence point. These are interesting times. I encourage everyone of all generations to learn about it. People are beginning to realize it is the safest store of value. That’s a step change in adoption. The hurdle rate for other companies is too high. They know their business will outperform other business if they keep their cash in bitcoin instead of the bank. If their best investment returns 10% or 20%, yearly, it isn’t worth it compared to bitcoin. They really have no choice due to game theory, but they haven’t quite got that far yet. I suppose maybe they have something up their sleeve, but I would bet on bureaucracy as what is slowing them down. I’d also point out that my favorite bad guy Elon just added to Tesla’s holdings this last quarter.

This is a chart of how much bitcoin is owned by corporations, etfs, governments, and exchanges. They have over 3 million of the 16 or so million. All they are doing is buying. This is like land - they aren’t making any more. This is digital property.

They have regulated it. That’s acceptance. All those extra dollars they print that drive up prices? Bitcoin eats those. That’s the easiest way to look at it. It will eat everything. Then we will transact in it or things anchored by it as base money.

Not investment advice. Everyone should educate themselves. That is part of the process of seeing the inevitability of it. Is 100 hours of your time on something that is really pinging your cognitive dissonance right now worth it? The entire system is changing. GenX has seen a lot of change. Now, realize that money is changing next just as we go into AI.
Everything is about to get weirder.

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Comments

10 comments

Jim Craddock
Jim Craddock

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TheBitcoinButcher
TheBitcoinButcher

Smart note❤️🔥

SwBratcher
SwBratcher

This is getting undeniable.

Lululuna
Lululuna

Agreed!!!!

BitLo
BitLo

Keep in mind that the ETF’s are comprised of individuals as well as other entities. Blackrock itself doesn’t own the Bitcoin. They just gobble up the fees.

Jim Craddock
Jim Craddock

Yes. I still look at it as a megatrend indicator of tradfi beginning to allocate a percentage of their portfolio. It may fluctuate, but I see it becoming more like passive flows into the S&P500. When I think of it like that I get very bullish. When I think about the earnings drops coming, a la TGT today, I realize money will flow to the best return. It's going to get crazy.

curt finch
curt finch

Show me evidence that Tesla has added Bitcoin holdings

Rush
Rush

Great note. Now post some of the drama that ensued. 😂

Jim Craddock
Jim Craddock

My error. I thought I had seen a chart indicating an I increase. Seems it did not. Unsurprising, I guess. Elon only wants other people's money.

BitLo
BitLo

I agree. There are trillions of dollars coming.