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Genesis Block
Joined March 2019
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Bitcoin has the largest Total Addressable Market(TAM) in history.
🏡$326 trillion global real estate market
💰$300 trillion global debt market
🪙$90 trillion of equities
Bitcoin represents 0.133% of the globes wealth.
Yes, we are early.
Visualizing the first 96 days of trading for the Bitcoin spot ETFs:
🟩531,000 Bitcoin were bought by ETFs
🟥Grayscale has sold 305,000 Bitcoin
🟧86,400 Bitcoin have been mined in 96 days
🚨In 2 days time the Bitcoin halving is going to only exacerbate the enormous supply/demand imbalance that was created in 2024.
Visualizing the first 72 days of trading for the Bitcoin ETFs:
🟥Grayscale has sold 214,000 Bitcoin
🟩475,000 Bitcoin were bought by ETFs
🟧65,000 Bitcoin have been mined in the 75 days
On net, the Bitcoin ETFs have been accumulating around 4,000 Bitcoin a day, which is a bigger supply shock than the 2012 halving.
Over 30,000 Bitcoin were sold by Grayscale over the past week, the highest weekly amount since January.👀
📉On the bright side, Grayscale only has 347,587 Bitcoin left, down from the 619,000 they held before the ETF debut in January.
As we enter the digital age, we stand on the precipice of a revolution that must be won online.
If you want to learn more about this topic & how Bitcoin fits into it, check out this piece by @giacomozucco:
Bitcoin & The Hopf Cycle Of The Internet
bitcointimes.io/bitcoin-and-…
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To get out of the our modern fourth turning & ''hard times,'' we will need strong men.
People all around the world appear to be realizing something's wrong & beginning to vote in leaders promising drastic change.
This can be seen most clearly in El Salvador and Argentina.
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Everything in life is a cycle & it's becoming more clear by the day that we're living through some sort of 4th Turning cycle.
How does the 4th turning end & where does Bitcoin come into this?
Why do we think Argentina & El Salvador have potentially figured out a solution?
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In his final question Dalio found that only 15% of Americans think the legal system is working fairly.
Dalio concluded by highlighting that this survey is yet another data point suggesting the country could be headed toward a civil war.
What could this conflict look like?
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Dalio found that only 3% of respondents trust politicians in the government.
In his 3rd question he found only 3% of people trust the media.
He also found that only 11% of the respondents think that their fellow American trusts the media.
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Before we dive into what a modern civil war could look like in America, let's unpack these results.🇺🇸
Dalio asked his audience 5 questions & he received
over 43,000 responses.
The answers to his questions were shocking to say the very least...
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