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Joe Burnett, MSBA
41.9K posts
Joe Burnett, MSBA
@IIICapital
Joined February 2018
LinkedIn is full of people with $250k in a Vanguard target date fund, $250k in home equity, and a $100k BMW and they think they’re crushing it. Twitter is full of people with $2,100,000 - $40,000,000,000 in bitcoin and they think they’re still short bitcoin. Lesson there.- Apple, Google, and Microsoft have $500B in cash. Bitcoin is worth $400B. Absurdly early.
- Let me get this straight. Bitcoin is almost $100,000 per coin, no S&P 500 companies have adopted it as their primary treasury reserve asset, no major countries have adopted it as their primary treasury reserve asset, and a majority of people in the world still have a < 1%
- If bitcoin actually decouples, we enter the end game.
- Median new US home price in bitcoin 2012 - 50,616 BTC 2013 - 19,127 BTC 2014 - 351 BTC 2015 - 901 BTC 2016 - 697 BTC 2017 - 323 BTC 2018 - 24 BTC 2019 - 84 BTC 2020 - 46 BTC 2021 - 10 BTC 2022 - 20 BTC 2023 - 14 BTC 2024 - 5 BTC
- People are actually like, “how did my frog and cat coin fall 99% in 30 seconds?” Bro listen to what you just said.
- "I didn't realize that if the average year the money grows at ~10%, and the average return in the S&P 500 is ~9.7%, then all of the value created there is the money printer. That was startling.” - @tadtweets, former finance professor at Stern School of Business
00:00 - M2 is set to break all-time highs for the first time since 2021. Infinite liquidity chasing 21,000,000 bitcoin. You know what happens next.
- Bitcoiners can watch their portfolio drop their entire yearly salary in less than 24 hours and still remain unfazed. We are built different, lol.
