PolymathSnippet's profile picture. Sharing no-nonsense and dogmatic insights into bitcoin to help educate the world about a technological innovation that happens once in a lifetime.

PolymathSnippets

@PolymathSnippet

Sharing no-nonsense and dogmatic insights into bitcoin to help educate the world about a technological innovation that happens once in a lifetime.

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"When someone tries to buy all the world’s supply of a scarce asset, the more they buy the higher the price goes. At some point, it gets too expensive for them to buy any more." - Satoshi Nakamoto


PolymathSnippets reposted

🏡 How many ₿itcoin for a house? In 2015, it cost over 1,000 BTC. In 2020, 35 BTC. In 2025, just 3.5 BTC. What will it cost in 2030? 👀 My guess, less than 1 BTC.

PricedinBTC's tweet image. 🏡 How many ₿itcoin for a house?

In 2015, it cost over 1,000 BTC.

In 2020, 35 BTC. 

In 2025, just 3.5 BTC.

What will it cost in 2030? 👀

My guess, less than 1 BTC.

PolymathSnippets reposted

The fact that Satoshi had the prescience to have elite opesec from the start of bitcoin, coupled with the fact that he built a peer-to-peer system controlled by no one is one of the most epic moves in human history.

This is what happens when a coin founder gets charged with every human crime imaginable because criminals use their app

DrNickA's tweet image. This is what happens when a coin founder gets charged with every human crime imaginable because criminals use their app


PolymathSnippets reposted

Any other selection might make you sound smart to colleagues or more prudent to loved ones. But it means continually destroying the value of your savings (purchasing power) against those who picked the strongest savings vehicle. So, if you're not saving in bitcoin, you're not…

anilpatel's tweet image. Any other selection might make you sound smart to colleagues or more prudent to loved ones.

But it means continually destroying the value of your savings (purchasing power) against those who picked the strongest savings vehicle.

So, if you're not saving in bitcoin, you're not…

Wow! I hope @100trillionUSD responds to have a debate.


PolymathSnippets reposted

Wow, a state pension bought $IBIT in first quarter. Normally you don't get these big fish institutions in the 13Fs for a year or so (when the ETF gets more liquidity) but as we've seen these are no ordinary launches. Good sign, expect more, as institutions tend to move in herds

JUST IN: 🇺🇸 State of Wisconsin Investment Board discloses it holds almost $100 million of BlackRock's spot #Bitcoin ETF.

BitcoinMagazine's tweet image. JUST IN: 🇺🇸 State of Wisconsin Investment Board discloses it holds almost $100 million of BlackRock's spot #Bitcoin ETF.


PolymathSnippets reposted

By May 2024, US #Bitcoin ETF net inflows will outpace new coin creation by at least $1 billion per month. This equates to a shortage (or excess demand) of about 500 BTC per day, roughly the size of the halving reduction.

nsquaredvalue's tweet image. By May 2024, US #Bitcoin ETF net inflows will outpace new coin creation by at least $1 billion per month.  This equates to a shortage (or excess demand) of about 500 BTC per day, roughly the size of the halving reduction.

PolymathSnippets reposted

Bitcoin isn't "Amazon in 1994. This is Amazon in 2004," says Neel Kashkari, President of the Minneapolis Fed. It's been "more than a decade" since it was introduced and, according to Kashkari, there's still no "legitimate use case!" Bro in 2004 Amazon stock hovered around $2.00.…

"When will the Fed put Bitcoin on its balance sheet? You already said on record that you have an unlimited supply of dollars, doesn’t it make sense to trade some of them for a currency with a hard cap?" Incredible clip Kashkari's answer will be studied by future historians



PolymathSnippets reposted

“Trading #Bitcoin is a sign of lesser intellect.” - @saylor


"Bitcoin is competing against gold...against the S&P 500...against real estate-a $100T asset class as a store of value. We believe capital is going to keep flowing from those asset classes into bitcoin because bitcoin is technically superior to those asset classes." @saylor

Reporter asks, “You own $10,000,000,000 worth of bitcoin. When do you sell for profit?” Michael @Saylor says, “I’ll be buying forever”



"Relentless demand is about to meet finite supply."

If Wall Street tries to coordinate a #BTC    dump, the firms dumping will never be able to acquire the same amount of BTC again. When they sell, prices will drop... And I'll be buying. I know millions of other people want a price drop and they'll probably be buying too. Do…



PolymathSnippets reposted

Thank you, Hal Finney, for your important role in transforming the financial world. @ARKInvest must have been moved in part by your spirit as we penned our first #bitcoin blog in 2014 and our first white paper, Bitcoin: A Disruptive Currency, in 2015.

Fifteen years ago today, Hal Finney received the first bitcoin transaction.

TuurDemeester's tweet image. Fifteen years ago today, Hal Finney received the first bitcoin transaction.


PolymathSnippets reposted

blog.coinroutes.com/2024/01/12/a-r… I just published a point-by-point rebuttal to Commissioner Crenshaw's dissent from the ETF approval order. While not as elegant as @HesterPeirce's brilliant statement, I did address every point and citation from the dissent. It matters to brokers…


PolymathSnippets reposted

Halving progress 92%. #Bitcoin

therationalroot's tweet image. Halving progress 92%. #Bitcoin

PolymathSnippets reposted

You know how "Blackrock owns everything?" Here's what the CEO, Larry Fink, has to say about #Bitcoin   : - "We see Bitcoin as a way to protect yourself from the global debasement of fiat currencies." - "We see Bitcoin as a digital gold." - "Bitcoin didn't run up because of…


It's the eve before the BTC spot ETF. The day is coming fast when #Bitcoin becomes a mainstream bucket for wealth allocation. When that day comes, the top 1% most wealthy will hold 0.87 BTC***. That's how little of it there is to go around. **Assumes 5% allocation.

woonomic's tweet image. It's the eve before the BTC spot ETF.

The day is coming fast when #Bitcoin becomes a mainstream bucket for wealth allocation.

When that day comes, the top 1% most wealthy will hold 0.87 BTC***. That's how little of it there is to go around.

**Assumes 5% allocation.


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