There is a lot of subjectivity in #bitcoins code. Without satoshis presence, we will not know what was meant by some of his code.
And they are constantly making changes on github.
They only turn to the bond market when tax revenues are insufficient. It's not correct to say that the US government mainly gets its money by issuing bonds or treasuries.
Every year their tax collection is insufficient. That is correct. The spending by the US government is out of control and it is increasingly being financed by the federal reserve each year.
It's about time that Argentina and El Salvador started talking. They speak the same language, exist in close proximity to one another, and are faced with similar problems.
#Bitcoin.
Buying #bitcoin through an ETF is not recommended. You will participate in the price appreciation, but what happens when you need the bitcoin to buy something?
Buy #Bitcoin and take self-custody of it with a hardware wallet.
#Bitcoin is becoming the best safe haven asset.
In spite of massive turmoil and warfare on the geopolitical front, the bitcoin price continues to consolidate around all time highs.
There is no better store of value than bitcoin.
The 40 year secular bull market in bonds ended in March 2020.
Now bitcoin is stepping up to the plate as THE store of value everyone must hold.
#Bitcoin recently reached all time highs in price.
This is in spite of a peak in interest rates globally.
This means interest rates high - > bitcoin high
Interest rates low - > bitcoin high.
So no matter what happens to interest rates, bitcoin charges higher.
It is stuck at 70k because holders are selling at ath. We could be orange-bound around 70k for a few more weeks, until ETF buying overwhelms the weak hands.
Javier Milei, the Argentinean president, is wasting his time.
His massive cutbacks in public expenditure will not save the peso.
Until he makes #bitcoin legal tender, and places Argentina on a Bitcoin standard, there will be no improvement in the current situation.
There could be another great depression in the US, this time caused by #Bitcoin. #Bitcoin is a giant pit into which dollars are being thrown. The switchover to #Bitcoin may not be a smooth one.
I guess the government could be financed by voluntary donations of #Bitcoin, in a HYPERBITCOINIZED world. There could be a culture of people sending 10% of every transaction to a government address.
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Notes by Bitcoin Eoin 🇮🇪 | export