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Optimism

I honestly don’t know where my mind would be at right now if I didn’t own bitcoin. I burn with optimism simply because I own some. It’s the bridge to a better future. I’m also going to be insanely wealthy in that future. I imagine the 5 people who read this see these bitcoin blogs and think I’m a delusional maniac ranting about a make believe timeline backed by flimsy philosophical and economic teachings. I’m pretty sure of it now though. I don’t see how bitcoin doesn’t reach a market cap of trillions in the next 10 months. It makes too much sense.

One Citi Bank analyst released a paper saying that a 318k bitcoin price by December 2021 is possible. Do you know what that means? Their clients are buying some. They are buying some. Citi Bank appointed Barack Obama’s presidential cabinet. Bitcoin is not going to be made illegal. Citi Bank is a primary dealer to the Fed! How fucking crazy is that?! Even they know it’s unavoidable.

I see all these people getting upset about Trump saying the election was rigged. I see other people complaining that the election was rigged. I see some people saying the MAGA people started the fights in the protests while others say it was Antifa. These are all people who have nothing and are willing to burn down everything else. This is what happens when you have an economy with no savings and tons of debt. It creates people with nothing to lose. They don’t care anymore. They have no principals.

My future is safe. I have bitcoin. It sounds crazy to say but I know it’s true. Bitcoin can’t be inflated. Peter Schiff will respond by saying there are thousands of cryptocurrencies so this is pretty much inflation. This is an obviously flawed criticism that 5 minutes of research will disprove. Others will argue that hard money is not good for society. Yet the price of bitcoin and gold do nothing but go up in price. There was a concept floated around by Keynesians and monetarists in the 1960’s that if the dollar was taken off the gold standard that the price of gold would go down. This was spectacularly dumb. Gold skyrocketed in price in the 1970’s after the dollar was taken off the gold standard.

Bitcoin will skyrocket in 2021. Rest assured. Even if governments make it illegal it will only be a temporary setback. Similar to FDR making private gold ownership illegal during the Great Depression only it will be much shorter lived. If the US made Bitcoin illegal (something China has fooled around with) you’d see bitcoiners leaving the country and other countries gaining monetary dominance. It makes no sense long term.

The world is changing folks. We are still very early in the Bitcoin lifecycle. Don’t be fooled by the price of a single coin. Look at the market cap and understand the role it will play in society. Bitcoin’s market cap is $300 billion. Gold’s is $10 trillion. Total SOV assets market cap much higher. Don’t get left behind.