Pinned
This is David Sacks.
PayPal mafia member and one of Silicon Valley’s greatest investors (Meta, Uber, Airbnb, SpaceX).
Trump just named him White House AI & Crypto Czar.
Here are 10 quotes that reveal his stance on bitcoin🧵👇
Eli Nagar
4,693 posts
Eli Nagar
@EliNagar
CEO @Braiins | Building Bitcoin’s mining and energy ecosystem | Board @firefish_io | Chairman @cammscapital
Joined September 2022
- My apartment returned 408% in 20 years. Bitcoin did 490% in 18 months. Questions?
- MicroStrategy owns more bitcoin than will be mined in the entire next halving epoch. MicroStrategy: 444,262 BTC Next halving epoch: 328,125 BTC Let that sink in.
- They called bitcoin a bubble, a scam, an index for money laundering. Now they call it an asset class. Here are 7 of the harshest bitcoin critics who completely flipped 🧵👇
- Most people will never own 1 bitcoin. Not because they don’t want to—because they won’t get the chance. Here’s the math behind why the window to get off zero is closing fast: 🧵👇
- We need to talk. Not about price. Not about hype. About the future. Most Bitcoin doesn’t move on Bitcoin anymore. It trades on paper. In ETFs. In proxy stocks. On platforms that never touch the chain. The financialization is accelerating. Wall Street loves it. No keys, no
- The delusions behind a bitcoin strategic reserve. That's the title of the latest bitcoin opinion piece in the FT. Let’s break down their claims and see if they hold up. Spoiler: they don’t. 🧵
- This is Katie Hobbs. She just killed Arizona’s Strategic Bitcoin Reserve bill, calling Bitcoin "untested." But blocking financial freedom isn’t new for Katie: - 2023: Vetoed protecting home bitcoin nodes from local taxes, said it was "too broad." Translation:
- Heads up, bitcoin holders: The EU will ban anonymous crypto accounts by July 2027. Every transaction above €1,000 will need your ID. Privacy is becoming extinct. 😔
- Bitcoin is secured by math, not middlemen. At the heart of it is a special function created by the NSA. If you don’t understand it, you don’t fully understand bitcoin. Today, I'm going to explain it with an analogy that actually makes sense—the nerd in you will love this. 🧵👇
- “How many bitcoin do you own?” That’s how it starts, a stupid question from the host. From there, it goes downhill fast. Christine Lagarde repeats every tired anti-bitcoin cliché the ECB has ever pushed. Let's go... 1️⃣ “Bitcoin has no intrinsic value.” Neither does fiat.
00:00 - Norway’s sovereign wealth fund didn’t want to invest in bitcoin, saying it’s “too risky.” Now they have reported a loss on “safe” tech investments. Irony level: $40 billion. 🤷♂️
- “BITCOIN IS GOING TO ZERO” For 15 years, the “top” economists, bankers, and investors told you that. They were all wrong: Nobel laureates, Wall Street CEOs, Ivy League professors. I hope you didn’t listen. List: - Paul Krugman – Nobel Prize–winning Economist; NYT Columnist -
- The next US President will inherit an economic ticking time bomb. On the surface: America's economy looks unstoppable. Below the surface: A financial nightmare that's destroyed every great empire in the last 500 years is brewing. 🧵👇