Currently, the year 2024, post Trump election, I think we’ll, for the next 4 years, be the most extreme and glorious economic prosperity of all time!
The next four years will be the best years ever for bitcoin and crypto!
So my first thought is this is the first time in history of history that there is a pro bitcoin president! I find this really really fascinating because maybe in the past, past politicians think etc. thought as bitcoin as being inimical, or contra the US dollar. But, if America is actually really really intelligent, and has the wisdom to understand actually, bitcoin is positively good for the US dollar,— this is kind of a game changer!
My first bold idea is that if America actually had a strategic bitcoin treasury deposit Fort Knox, then, the value of the US dollar would actually be backed by something real. Also, technically the US has the power to print money ad infinitum (to infinity), and then just use those proceeds to buy bitcoin.
More hope
So if I can tell you with 100% certainty that bitcoin currently at around $75,000 a bitcoin, would with 100% certainly 10X within four years, wouldn’t you be ravenously pouring all of your investments into bitcoin right now?
Or even more extreme, assuming that bitcoin will be worth 13 million a bitcoin in 21 years, and has a potential 200X upside, wouldn’t you more strategically save your money today for a more glorious future?
If I could tell you that today, your $1000 investment could become worth $200,000 just 10 years from now, wouldn’t you do it?
Or, your $100 investment today in bitcoin would be worth $1 million, 20 years from now, wouldn’t you do it?
Of course!
Saving vs investing
My whole life I thought that saving was a losers game. Why? Your dad could easily come snatch it gambled away, maybe this is also the fear that people have of the US government. So then the more certain smart strategy was to spend it today, knowing that it might not be around tomorrow.
I also think that with humans, our time discounted preferences are predicated on how mega and big the yield would be. And also time velocity; nobody wants to wait 50 years for their investments to 10X, we want it in a week two weeks a month six months a year or 5 to 10 years.
I think what is so radical and awesome about bitcoin, companies like micro strategy is because bitcoin is not really bound by the laws of physics, as it is a cyber asset, it can grow at a much faster rate than things in the physical realm. For example you could build a digital skyscraper with bitcoin in five hours, something that might take five years in the real world.
Once again this is a hard thing to understand in conceptualize, the notion that cyberspace is literally frictionless, weightless, infinite.