All you nocoiners don't be cryin' when Bitcoin goes to 500K a pop
Cullen, Bitcoin is on the verge of going through the roof right now. 500K a pop here we come!!! After the current blow-off top subsides, it will stabilize at 50K a pop till 2024, when it will go to 5 million a pop and stabilize at 500K a pop.
Cullen, your discounting of Bitcoin as a proper and essential asset class will look so stupid 5 years from now. You will become the next Peter Schiff, Cullen.
Massive inflation is coming to the US dollar. As Michael Saylor says, if the cost of capital is 20%, no business can possibly make a profit in real terms. Winter is coming. When the government prints money, it expropriates wealth not only from cash holders but also from holders of income-producing assets in general. And when the US government prints, all currencies in the world depreciate at once, because so many currencies are backed by the dollar. So the US government enjoys seigniorage over the whole world's money supply in all currencies. So while the dollar seems to be stable relative to other currencies and stable relative to stocks, it is actually hyperinflating against the one true scarce asset, Bitcoin.
If you wait now, you will be forced to buy in at 500K to a million a pop.
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Austrian Economics was correct all along, folks.
Economic calculations was impossible until the advent of Bitcoin.
The gold standard was fiat money. The dollar standard is fiat money. Only Bitcoin is real money.
Only with Bitcoin can we have 100% pure economic calculations based on unadulterated price signals.
Michael Saylor:
you ought to convert all your stuff to dollars and buy bitcoin then you ought to forward finance your cash flows finance your fixed assets and borrow as much money as you can and buy bitcoin and the reason why is because everything else is deriving its value based upon currencies dollars euros yen and they're all debasing at fifteen to twenty percent a year
I don’t discount Bitcoin and crypto at all. I’ve stated, for years, that it is fine to allocate a market cap weighted allocation there. That’s about 1% of all outstanding financial assets. That’s discounting EXACTLY to what it is. So relax with all the hyperbole.
Austrian Economics was correct all along, folks.
Economic calculations was impossible until the advent of Bitcoin.
The gold standard was fiat money. The dollar standard is fiat money. Only Bitcoin is real money.
Only with Bitcoin can we have 100% pure economic calculations based on unadulterated price signals. -HODL
Hodl, Why don't you take some time to read Ketih Weiner on bitcoin. he's an Austrian and he don't share your view on bitcoin.
Cullen is showing great patience and respect in regard to your attitude on this forum.
I'm sure there's a lot of other places on the internet you can go and promote your agenda.
Why are you wasting your (our) time here ... there's only 15K users registered ... you'll need more than this to get your bitcoin to 500K ... and all the other levels your crystal ball is showing.