Fred Krueger
@dotkrueger
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Investor. Not Financial Advice. Bitcoin maxi. Stanford PhD. https://t.co/DwDqhhtujd
Los Angeles, CA
Joined August 2009
Stop worrying about 4 year cycles and take the orange pill.
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Question: "Can Bitcoin be ever a digital form of Gold" Christine Lagarde: "No"
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I've never actually seen worse execution from a newly minted pubco as Naka.
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As the 1970s were for gold, the 2020s will be for Bitcoin.
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Take a good look at people calling for a "triple top", "end of cycle" etc.. And remember those people three months from now when we are above 200K.
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The initial release of the Bitcoin codebase (version 0.1) by Satoshi Nakamoto in January 2009 contained roughly 14,000 lines of C++ code At $122,000 per BTC, Bitcoin’s market cap equals roughly $172 million per line of original code.
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The song "how low can you go" by Ludacris comes to mind when looking at Nakamoto.
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NAKA’s announcement with Antalpha doesn’t improve the situation : it just reshuffles the same debt. Also signals that not many buyers wants their debt , since this time already secured by Bitcoin. The company retired its $200M Yorkville convertible note using a $203M credit
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10 days left until the smartest people in Bitcoin meet in Santa Monica. May the Shark be with you. https://t.co/XIDitYKZ9d
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This is highly relevant. People do not track this ratio on a log/log basis, but the power law is AS TIGHT as vs fiat with a 95% r2. BTC NGU in Gold Terms. From the book "Bitcoin One Million" Chapter 7: Gold. @PeterSchiff @LawrenceLepard @DanielaCambone
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