BitcoinFriday on Nostr: 🧠Quote(s) of the week: 'It is incredibly important to understand that Bitcoin is ...
🧠Quote(s) of the week:
'It is incredibly important to understand that Bitcoin is not a piece of software like Microsoft Word, to be endlessly tinkered with.
It is a protocol for value transfer; an immutable foundation on which to build a new monetary order.'
- Vijah Boyapati
'You do not custody the Bitcoin...you only custody the private keys that can spend the Bitcoin.' - Wicked
🧡Bitcoin news🧡
27th of May:
➡️ $290 million worth of Bitcoin has been taken off from Binance in the last few hours.
*on the 29th of May Bitcoin whale withdraws 1,195 BTC ($81.95M) from Binance.
➡️'El Salvador keeps stacking Bitcoin. As of May 27, the nation-state holds a total of ~5,763 BTC worth over $395.8 million.' - CarlBMenger
28th of May:
➡️'BlackRock has been buying Bitcoin for its fund, the Strategic Income Opportunities Portfolio' - SEC filing
➡️Bitcoin ETF Update:
Total Net Inflows +632 BTC ($43.3m)
- BlackRock +1505 BTC ($102m) (and flips GBTC!)
- Fidelity +505 BTC ($34m)
- Grayscale -1550 BTC ($105m)
BlackRock is now officially the biggest Bitcoin ETF after overtaking Grayscale.
Incredible achievement in just 4 months!
Grayscale started with OVER 600,000 BITCOIN 4 months ago.
Blackrock had 0. IBIT is killing it. IBIT, Blackrock spot Bitcoin ETF, will become the fastest ETF to reach $20b in assets, at 137 days.
Bitcoin ETFs have accumulated 250k Bitcoin (on top of Grayscale's 619k) since January.
BlackRock and Fidelity at the moment own a combined 451,338 BTC worth $30.9 billion for their spot Bitcoin ETFs. These ETFs now hold 236,938 more bitcoin than MicroStrategy.
Supply & demand people, supply & demand!
➡️Health-Tech Semlar Scientific, a company specializing in developing healthcare technology, announced today that its board has adopted Bitcoin as its primary treasury reserve asset.
Semlar Scientific Inc. has bought $40m Bitcoin and adopted a Bitcoin Treasury Strategy. They added over $70,000,000 in market cap on the 28th of May, just by adopting Bitcoin as their primary treasury reserve asset.
The market is trying to tell the 58,000 public companies a valuable lesson...
Corporate adoption of Bitcoin is accelerating...
If you don't believe read the Semler Scientific statement below: (picture 2)
➡️Metaplanet directors authorize the purchase of an additional ¥250 million of Bitcoin.
➡️The Nigerian Naira is now worth less than one Satoshi.
➡️Someone just moved $3 billion worth of Bitcoin with $2.8 fees.
$2.8 FEES FOR $3 BILLION TRANSFER. Now try this with the current system, banks can't relate I guess.
➡️El Salvador President, Nayib Bukele, met with Cathie Wood to discuss Bitcoin, new capital markets, and innovation opportunities.
CATHIE WOOD: “President Bukele's determination to turn El Salvador into an oasis for the bitcoin and AI communities - two of the biggest economic and technology revolutions in history - is the reason I believe that its real GDP could scale 10-fold during the next five years.”
The funny part about this statement and the meeting. Five days later she ditches the Ethereum ETF to focus on Bitcoin. Are you paying attention anon?
➡️FINBOLD: “Perhaps the most interesting among the top stocks owned by Soros through the first quarter of 2024 is the shares of MicroStrategy (NASDAQ: MSTR), valued at approximately $135 million.”
29th of May:
➡️Jack Dorsey-backed Bitcoin mining company Ocean Mining has adopted El Salvador as its global headquarters.
➡️'Bitcoin miner Riot Platforms acquires a 9.25% stake in Bitfarms, becoming a major shareholder, after Bitfarms rejected Riot's $950M acquisition offer.' - Bitcoin News
➡️'Mastercard just launched Crypto Credential, which allows you to send Bitcoin to any customer at an exchange with a simple username, instead of a wallet address.' - Bitcoin Archive
I wouldn't use it because of KYC and still not your keys, but great news regarding the institutional adoption of Bitcoin.
30th of May:
➡️In case you missed it, Alex de Vries (Digiconomist), the most quoted source in the Whitehouse's OSTP 2022 report on crypto-mining and historically the most referenced source for mainstream news reporting on Bitcoin and energy, had his methodologies fundamentally discredited in March this year in a peer-reviewed paper by Sai & Vranken:
https://twitter.com/DSBatten/status/1796232365544468899
https://www.sciencedirect.com/science/article/pii/S2096720923000441?via%3Dihub
Misleading journalism needs to continue to be punished by social ossification. 'De Vries was the SBF of the press'. The truth will always prevail!
➡️A record $2 billion worth of Bitcoin taken off from Kraken yesterday. Bitcoin exchange reserves at the lowest ever.
31st of May:
➡️'Legendary cryptographer Ralph Merkle on the power of Bitcoin at $500, exactly 8 years ago.
"It is a new form of life. It is unstoppable." - Pete Rizzo
➡️'Bitcoin firm Unchained partners with the University of Austin to create a $5M endowment fund entirely in Bitcoin. The university plans to hold the Bitcoin for at least five years.' - Bitcoin News
1st of June:
➡️Biden vetos the bill that would revoke the SEC’s SAB 121, maintaining the ban on large financial institutions from taking custody of Bitcoin.
'The President has decided to reject a bill, passed by the majority of US lawmakers in both the House and Senate. Does he think he represents the people’s interest better than those elected to make laws?' - Hunger Horsley
2nd of June:
➡️'Donald Trump to accept Bitcoin Lightning payments for campaign donations.'
This wasn't on my Bitcoin 2024 bingo card, but just my two sats...I wouldn't pay one sat to a politician.
But do you think, that accepting Bitcoin Lightning payments, will change the landscape of politician campaign funding?
➡️Marquette University professor emeritus David Krause describes the Wisconsin pension system's $160 million purchase into a Bitcoin ETF and why the small purchase matters.
Video: https://twitter.com/ts_hodl/status/1797364548388753664
'Worth watching this video, someone always has to go first and someone’s going next. 0.1% of Wisconsin state pension = $160 million. Fully funded pension, trial balloon. Other state pensions on notice.' -Parker Lewis
Do you still think Bitcoin is a Ponzi, now that one of the largest pensions, a well-run one that is fully funded, is allocating to Bitcoin?
3rd of June:
➡️'Australia is set to launch its first spot Bitcoin ETF on June the 4th!
MonochromeAsset's ETF, trading as IBTC on CBOE, will offer regulated Bitcoin exposure with a 0.98% management fee.' - BTCTimes
I hope people 'Down Under' will stick to self-custody. Why...well just look at the next example:
➡️'Japanese crypto exchange DMM confirms 4,502.9 BTC ($305M) hack.
They suspended crypto withdrawals and limited buying activity to "prevent further losses," and warned of delays in withdrawing Japanese yen.
DMM says it will reimburse affected users.' - Bitcoin News
Not your keys, not your coins people! Act accordingly.
💸Traditional Finance / Macro:
24th of May:
👉🏽Distinction with a difference...
'S&P 500 Total Return in USD terms since Jan 1, 2020: Up 75%.
S&P 500 Total Return in gold terms since Jan 1, 2020: Up 15%.
S&P 500 Total Return in BTC terms since Jan 1, 2020: Down 81%.
"US with Argentine characteristics." Argentine stocks have been up huge...in peso terms.' - Luke Gromen (Picture 3)
🏦Banks:
👉🏽 Unrealized losses in the U.S. Banking System increased to $517 billion in Q1. (Picture 4)
FDIC warns that 63 Lenders are on the brink of insolvency due to banks sitting on $517 billion in unrealized losses.
🌎Macro/Geopolitics:
On the 27th of May:
👉🏽'China creates $47.5 Billion fund to boost domestic semi-conductor industry after USA stopped selling advanced chips to China.' - Radar
👉🏽 'The Congression Budget Office forecasts that the US budget deficit will not fall below 5% of GDP in the next decade.' - CBO (picture 5)
On the 30th of May:
👉🏽A record $9.3 trillion in government bonds will mature and need refinancing within the next 12 months.
Did someone say debt spiral?
The US needs cheap refinancing, not with the current high rates.(5%) So cutting rates, yes. Print more money, yes. hello inflation (eventually), yes! Who is buying the new debt tho?
👉🏽'In today's post, the authors note that the narratives about declining dollar shares in official reserves, and increasing roles for gold holdings by central banks, inappropriately generalize the actions of a small group of countries.' -New York Fed
The Fed now admits some countries are moving to gold. But says it’s a small group.
The decline in the dollar preferences of a small group of countries (notably China, India, Russia, and Turkey)...'
These four countries make up:
37% of world population
25% of global GDP
19% of global exports
The Fed now admits some countries are moving to gold. But says it’s a small group.
So 37.5% of the world is moving away from dollars towards gold.
A small group of large countries will return to gold (India, China, maybe Russia) and a large group of small countries (like El Salvador) will move to the Bitcoin standard.
Now imagine what will happen when central banks start buying Bitcoin like gold. In almost every category Bitcoin is better than gold.
'So when we are told gold has a value of $15.76 trillion (https://companiesmarketcap.com/assets-by-market-cap/…), where does that number come from? How can all the gold ever mined over the past 10,000 plus years be accounted for? It can't. It's all nonsense in my opinion Bitcoin fixes this. It fixes the world of value. Every single satoshi ever mined is accounted for and the entire global supply is publically audited and made available for any human being to see and verify every 10 minutes, forever.
Now I ask you. Which seems more real to you and which seems bogus to you? I know. Bitcoin' - Oliver L. Velez
Anyway more on the Fed...
👉🏽FED'S WILLIAMS: 'MONETARY POLICY IS CLEARLY WORKING HOW THE FED WANTS IT TO WORK.'
Lemme quote market strategist Sven Henrich:
'Oh yea, it's clearly working how the Fed wants it to work.
The rich are richer than ever.
The middle class keeps shrinking.
Housing unaffordable for most.
And the poor and vulnerable are stuck with permanently higher prices.
Mission accomplished.
Bravo.'
Just to give you some context on the 'housing unaffordable for the most', and I do focus now only on the US housing market.
The median price of a new home is at $433.500 and remains near record highs. The number of new single-family houses for sale has surged to 480,000 in April, the highest since the 2008 Financial Crisis. This came after new home sales were down 7.7% year-over-year last month, the largest drop in 13 months. Excluding the 2008-2009 housing crisis this is by far the largest supply of new homes in US history.
The US economy now has:
1) Slowing GPD growth at 1.3% in Q1. (stagflation?)
2) Stated above, median home prices at all-time high of $434K.
3) 37 months of inflation above 3%.
4) $2 trillion deficits.
5) $34.6 trillion NATIONAL DEBT - record
6) 600k full-time jobs lost in the last 12 months.
On the 31st of May:
👉🏽'Eurozone's inflation rose faster than expected in May ahead of ECB meeting. Overall CPI accelerated to 2.6% in May YoY, up from April's 2.4%. Even worse: downtrend in core inflation reversed w/core CPI ticked up to 2.9% in May from 2.7% in April. Analysts surveyed by Bloomberg had forecast that consumer prices would rise to 2.5% and predicted that core inflation would be stable.' Holger Zschaepitz
On the 2nd of June:
👉🏽S&P downgrades France’s credit score as the country’s general government debt will increase to about 112% of GDP by 2027 from around 109% in 2023.
🎁If you have made it this far I would like to give you a little gift:
The theme of this year’s Oslo Freedom Forum (OFF): Reclaim Democracy.
What is the Oslo Freedom Forum? The Oslo Freedom Forum (OFF) is an international human rights conference series hosted and produced by the Human Rights Foundation (HRF). Bringing together the world’s most engaging human rights advocates, journalists, artists, tech entrepreneurs, and world leaders, we aim to share their stories and brainstorm ways to expand freedom and unleash human potential across the globe.
Believe me...it's worth your time. Below you will find the link to their livestream.
https://www.youtube.com/watch?v=eMtqqP4X9Os&t=1239sOnly invest in Bitcoin what you can’t afford to have gradually stolen from you by the government.
Credit: I have used multiple sources!
My savings account: Bitcoin
The tool I recommend for setting up a Bitcoin savings plan: @Relai 🇨🇭 especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. Hence a DCA, Dollar cost Average Strategy. Check out my tutorial post (Instagram) & video (YouTube) for more info.⠀⠀⠀⠀
Get your Bitcoin out of exchanges. Save them on a hardware wallet, run your own node...be your own bank. Not your keys, not your coins. It's that simple.⠀⠀⠀⠀⠀⠀⠀⠀
Do you think this post is helpful to you? If so, please share it and support my work with sats.
#zap 🧡 #weeklyrecap #nostr
#plebchain
#BTC
#Bitcoin
#zap🧡
#plebchain
#grownostr
#stacksats
#bitcoineducation
#adoption
'It is incredibly important to understand that Bitcoin is not a piece of software like Microsoft Word, to be endlessly tinkered with.
It is a protocol for value transfer; an immutable foundation on which to build a new monetary order.'
- Vijah Boyapati
'You do not custody the Bitcoin...you only custody the private keys that can spend the Bitcoin.' - Wicked
🧡Bitcoin news🧡
27th of May:
➡️ $290 million worth of Bitcoin has been taken off from Binance in the last few hours.
*on the 29th of May Bitcoin whale withdraws 1,195 BTC ($81.95M) from Binance.
➡️'El Salvador keeps stacking Bitcoin. As of May 27, the nation-state holds a total of ~5,763 BTC worth over $395.8 million.' - CarlBMenger
28th of May:
➡️'BlackRock has been buying Bitcoin for its fund, the Strategic Income Opportunities Portfolio' - SEC filing
➡️Bitcoin ETF Update:
Total Net Inflows +632 BTC ($43.3m)
- BlackRock +1505 BTC ($102m) (and flips GBTC!)
- Fidelity +505 BTC ($34m)
- Grayscale -1550 BTC ($105m)
BlackRock is now officially the biggest Bitcoin ETF after overtaking Grayscale.
Incredible achievement in just 4 months!
Grayscale started with OVER 600,000 BITCOIN 4 months ago.
Blackrock had 0. IBIT is killing it. IBIT, Blackrock spot Bitcoin ETF, will become the fastest ETF to reach $20b in assets, at 137 days.
Bitcoin ETFs have accumulated 250k Bitcoin (on top of Grayscale's 619k) since January.
BlackRock and Fidelity at the moment own a combined 451,338 BTC worth $30.9 billion for their spot Bitcoin ETFs. These ETFs now hold 236,938 more bitcoin than MicroStrategy.
Supply & demand people, supply & demand!
➡️Health-Tech Semlar Scientific, a company specializing in developing healthcare technology, announced today that its board has adopted Bitcoin as its primary treasury reserve asset.
Semlar Scientific Inc. has bought $40m Bitcoin and adopted a Bitcoin Treasury Strategy. They added over $70,000,000 in market cap on the 28th of May, just by adopting Bitcoin as their primary treasury reserve asset.
The market is trying to tell the 58,000 public companies a valuable lesson...
Corporate adoption of Bitcoin is accelerating...
If you don't believe read the Semler Scientific statement below: (picture 2)
➡️Metaplanet directors authorize the purchase of an additional ¥250 million of Bitcoin.
➡️The Nigerian Naira is now worth less than one Satoshi.
➡️Someone just moved $3 billion worth of Bitcoin with $2.8 fees.
$2.8 FEES FOR $3 BILLION TRANSFER. Now try this with the current system, banks can't relate I guess.
➡️El Salvador President, Nayib Bukele, met with Cathie Wood to discuss Bitcoin, new capital markets, and innovation opportunities.
CATHIE WOOD: “President Bukele's determination to turn El Salvador into an oasis for the bitcoin and AI communities - two of the biggest economic and technology revolutions in history - is the reason I believe that its real GDP could scale 10-fold during the next five years.”
The funny part about this statement and the meeting. Five days later she ditches the Ethereum ETF to focus on Bitcoin. Are you paying attention anon?
➡️FINBOLD: “Perhaps the most interesting among the top stocks owned by Soros through the first quarter of 2024 is the shares of MicroStrategy (NASDAQ: MSTR), valued at approximately $135 million.”
29th of May:
➡️Jack Dorsey-backed Bitcoin mining company Ocean Mining has adopted El Salvador as its global headquarters.
➡️'Bitcoin miner Riot Platforms acquires a 9.25% stake in Bitfarms, becoming a major shareholder, after Bitfarms rejected Riot's $950M acquisition offer.' - Bitcoin News
➡️'Mastercard just launched Crypto Credential, which allows you to send Bitcoin to any customer at an exchange with a simple username, instead of a wallet address.' - Bitcoin Archive
I wouldn't use it because of KYC and still not your keys, but great news regarding the institutional adoption of Bitcoin.
30th of May:
➡️In case you missed it, Alex de Vries (Digiconomist), the most quoted source in the Whitehouse's OSTP 2022 report on crypto-mining and historically the most referenced source for mainstream news reporting on Bitcoin and energy, had his methodologies fundamentally discredited in March this year in a peer-reviewed paper by Sai & Vranken:
https://twitter.com/DSBatten/status/1796232365544468899
https://www.sciencedirect.com/science/article/pii/S2096720923000441?via%3Dihub
Misleading journalism needs to continue to be punished by social ossification. 'De Vries was the SBF of the press'. The truth will always prevail!
➡️A record $2 billion worth of Bitcoin taken off from Kraken yesterday. Bitcoin exchange reserves at the lowest ever.
31st of May:
➡️'Legendary cryptographer Ralph Merkle on the power of Bitcoin at $500, exactly 8 years ago.
"It is a new form of life. It is unstoppable." - Pete Rizzo
➡️'Bitcoin firm Unchained partners with the University of Austin to create a $5M endowment fund entirely in Bitcoin. The university plans to hold the Bitcoin for at least five years.' - Bitcoin News
1st of June:
➡️Biden vetos the bill that would revoke the SEC’s SAB 121, maintaining the ban on large financial institutions from taking custody of Bitcoin.
'The President has decided to reject a bill, passed by the majority of US lawmakers in both the House and Senate. Does he think he represents the people’s interest better than those elected to make laws?' - Hunger Horsley
2nd of June:
➡️'Donald Trump to accept Bitcoin Lightning payments for campaign donations.'
This wasn't on my Bitcoin 2024 bingo card, but just my two sats...I wouldn't pay one sat to a politician.
But do you think, that accepting Bitcoin Lightning payments, will change the landscape of politician campaign funding?
➡️Marquette University professor emeritus David Krause describes the Wisconsin pension system's $160 million purchase into a Bitcoin ETF and why the small purchase matters.
Video: https://twitter.com/ts_hodl/status/1797364548388753664
'Worth watching this video, someone always has to go first and someone’s going next. 0.1% of Wisconsin state pension = $160 million. Fully funded pension, trial balloon. Other state pensions on notice.' -Parker Lewis
Do you still think Bitcoin is a Ponzi, now that one of the largest pensions, a well-run one that is fully funded, is allocating to Bitcoin?
3rd of June:
➡️'Australia is set to launch its first spot Bitcoin ETF on June the 4th!
MonochromeAsset's ETF, trading as IBTC on CBOE, will offer regulated Bitcoin exposure with a 0.98% management fee.' - BTCTimes
I hope people 'Down Under' will stick to self-custody. Why...well just look at the next example:
➡️'Japanese crypto exchange DMM confirms 4,502.9 BTC ($305M) hack.
They suspended crypto withdrawals and limited buying activity to "prevent further losses," and warned of delays in withdrawing Japanese yen.
DMM says it will reimburse affected users.' - Bitcoin News
Not your keys, not your coins people! Act accordingly.
💸Traditional Finance / Macro:
24th of May:
👉🏽Distinction with a difference...
'S&P 500 Total Return in USD terms since Jan 1, 2020: Up 75%.
S&P 500 Total Return in gold terms since Jan 1, 2020: Up 15%.
S&P 500 Total Return in BTC terms since Jan 1, 2020: Down 81%.
"US with Argentine characteristics." Argentine stocks have been up huge...in peso terms.' - Luke Gromen (Picture 3)
🏦Banks:
👉🏽 Unrealized losses in the U.S. Banking System increased to $517 billion in Q1. (Picture 4)
FDIC warns that 63 Lenders are on the brink of insolvency due to banks sitting on $517 billion in unrealized losses.
🌎Macro/Geopolitics:
On the 27th of May:
👉🏽'China creates $47.5 Billion fund to boost domestic semi-conductor industry after USA stopped selling advanced chips to China.' - Radar
👉🏽 'The Congression Budget Office forecasts that the US budget deficit will not fall below 5% of GDP in the next decade.' - CBO (picture 5)
On the 30th of May:
👉🏽A record $9.3 trillion in government bonds will mature and need refinancing within the next 12 months.
Did someone say debt spiral?
The US needs cheap refinancing, not with the current high rates.(5%) So cutting rates, yes. Print more money, yes. hello inflation (eventually), yes! Who is buying the new debt tho?
👉🏽'In today's post, the authors note that the narratives about declining dollar shares in official reserves, and increasing roles for gold holdings by central banks, inappropriately generalize the actions of a small group of countries.' -New York Fed
The Fed now admits some countries are moving to gold. But says it’s a small group.
The decline in the dollar preferences of a small group of countries (notably China, India, Russia, and Turkey)...'
These four countries make up:
37% of world population
25% of global GDP
19% of global exports
The Fed now admits some countries are moving to gold. But says it’s a small group.
So 37.5% of the world is moving away from dollars towards gold.
A small group of large countries will return to gold (India, China, maybe Russia) and a large group of small countries (like El Salvador) will move to the Bitcoin standard.
Now imagine what will happen when central banks start buying Bitcoin like gold. In almost every category Bitcoin is better than gold.
'So when we are told gold has a value of $15.76 trillion (https://companiesmarketcap.com/assets-by-market-cap/…), where does that number come from? How can all the gold ever mined over the past 10,000 plus years be accounted for? It can't. It's all nonsense in my opinion Bitcoin fixes this. It fixes the world of value. Every single satoshi ever mined is accounted for and the entire global supply is publically audited and made available for any human being to see and verify every 10 minutes, forever.
Now I ask you. Which seems more real to you and which seems bogus to you? I know. Bitcoin' - Oliver L. Velez
Anyway more on the Fed...
👉🏽FED'S WILLIAMS: 'MONETARY POLICY IS CLEARLY WORKING HOW THE FED WANTS IT TO WORK.'
Lemme quote market strategist Sven Henrich:
'Oh yea, it's clearly working how the Fed wants it to work.
The rich are richer than ever.
The middle class keeps shrinking.
Housing unaffordable for most.
And the poor and vulnerable are stuck with permanently higher prices.
Mission accomplished.
Bravo.'
Just to give you some context on the 'housing unaffordable for the most', and I do focus now only on the US housing market.
The median price of a new home is at $433.500 and remains near record highs. The number of new single-family houses for sale has surged to 480,000 in April, the highest since the 2008 Financial Crisis. This came after new home sales were down 7.7% year-over-year last month, the largest drop in 13 months. Excluding the 2008-2009 housing crisis this is by far the largest supply of new homes in US history.
The US economy now has:
1) Slowing GPD growth at 1.3% in Q1. (stagflation?)
2) Stated above, median home prices at all-time high of $434K.
3) 37 months of inflation above 3%.
4) $2 trillion deficits.
5) $34.6 trillion NATIONAL DEBT - record
6) 600k full-time jobs lost in the last 12 months.
On the 31st of May:
👉🏽'Eurozone's inflation rose faster than expected in May ahead of ECB meeting. Overall CPI accelerated to 2.6% in May YoY, up from April's 2.4%. Even worse: downtrend in core inflation reversed w/core CPI ticked up to 2.9% in May from 2.7% in April. Analysts surveyed by Bloomberg had forecast that consumer prices would rise to 2.5% and predicted that core inflation would be stable.' Holger Zschaepitz
On the 2nd of June:
👉🏽S&P downgrades France’s credit score as the country’s general government debt will increase to about 112% of GDP by 2027 from around 109% in 2023.
🎁If you have made it this far I would like to give you a little gift:
The theme of this year’s Oslo Freedom Forum (OFF): Reclaim Democracy.
What is the Oslo Freedom Forum? The Oslo Freedom Forum (OFF) is an international human rights conference series hosted and produced by the Human Rights Foundation (HRF). Bringing together the world’s most engaging human rights advocates, journalists, artists, tech entrepreneurs, and world leaders, we aim to share their stories and brainstorm ways to expand freedom and unleash human potential across the globe.
Believe me...it's worth your time. Below you will find the link to their livestream.
https://www.youtube.com/watch?v=eMtqqP4X9Os&t=1239sOnly invest in Bitcoin what you can’t afford to have gradually stolen from you by the government.
Credit: I have used multiple sources!
My savings account: Bitcoin
The tool I recommend for setting up a Bitcoin savings plan: @Relai 🇨🇭 especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. Hence a DCA, Dollar cost Average Strategy. Check out my tutorial post (Instagram) & video (YouTube) for more info.⠀⠀⠀⠀
Get your Bitcoin out of exchanges. Save them on a hardware wallet, run your own node...be your own bank. Not your keys, not your coins. It's that simple.⠀⠀⠀⠀⠀⠀⠀⠀
Do you think this post is helpful to you? If so, please share it and support my work with sats.
#zap 🧡 #weeklyrecap #nostr
#plebchain
#BTC
#Bitcoin
#zap🧡
#plebchain
#grownostr
#stacksats
#bitcoineducation
#adoption