š§ TRIPLE POINT ASSET!š§
When water was put in a vacuum and temp was manipulated with pressure, water was found it can exist in a solid, gas, and liquid all at once.
šBitcoin is the first triple point asset. Store of value, unit of account, medium of exchange. I will break down each below. First, you need to understand bitcoin fair market value is to multiply the value of each against eachother !
šStore of value : this is obvious for #bitcoin #hodl rs. The more central banks print, the more fiat debasement occurs. Supply of bitcoin canāt be increased (without consensus, wonāt happen). Demand continues to outstrip a dwindling supply. This is exponentially increasing post ETF approvals. Backed by 500TH/S wall of encrypted energy, carbon negative, using stranded non-competitive energy to mine bitcoin then reselling excess back to grid. Difficulty adjustment created a fair mining field. Etc.. itās backed by real energy and materials and each block is built on a more secure network, with every consecutive block.
šUnit of account: the ability to verify any transaction, publicly, globally, 24/7 which is untouchable post minting. Think of how archaic notaries are now. This is the biggest leap in verifiable transaction technology in 5000 years, since the printing press and handwritten scripture. DO NOT UNDERESTIMATE this. This is forever more important for companies, corporations, governments, sovereign wealth funds- big money.
šMedium of exchange: no other asset on earth (besides bitcoin) has the following characteristics;
Verifiable (blockchain)
Scalable (100million sats per BTC)
Recognizable
Transportable (gold is costly, BTC not)
Secure (hash)
Immediate (instant settlement +pay)
Durable (no half life)
Halving events
Scarcity(21 million thatās already gone for the most part 6% left daily issuance + 2mil on exchanges.)
My favorite attribute is being able to bear your own asset. Actually holding it, in self custody. Your home is not-donāt pay taxes, government takes it. Stocks and bonds - canāt pay with it and only transfer according to exchange regulations. Gold sure, but it can be taken with violence.
I can go on and on, but the above are most important.
Not to mention FASB - fair value accounting. Massive for companies to hold on balance sheet and show proper gains. This is brand new and will suck up all companies treasure allocation within 4 years.
All other cryptos currently are centralized, proof of stake is a joke (watch Preston Pysh episode on this) and will ultimately fail. You donāt see any institutions applying for other spot etfsā¦ because they know the difference. No other crypto will be classified as a commodity- they arenāt.
Giving the 3 main points I made earlier ALONE makes bitcoins fair value at hundreds of millions per coin alone. Itās just a matter of time. ESP, the day some entity takes all remaining tokens off exchanges and dark pools at once. The fomo at the highest level will settle in. You will see $1million price gains over night. Just watch. Hold me to this.
Please comment, upvote, zap, etc.. I want to make this a full time job. Spreading BTC appreciation and showing how no other crypto comes close. Bitcoin is the best way to preserve productivity and returning the āAmerican Dreamā to everyone globally.
Stop FKN around, get 1 bitcoin on cold storage ASAP!!! No more shit coins. ETH, ADA, XRP includedā¦..