Robert Breedlove: When Bitcoin flippens government bonds, each Bitcoin will be worth ~$6M. Plan accordingly.
Community Response: Governments are issuing new bonds pretty fast. Before that happens quantum computing cracks sha256.
Before that happens the Bitcoin network is upgraded to address quantum computing vulnerabilities. Just like it was upgraded with Taproot yesterday.
Replacing the pow is no simple task and needs a lot of thought and preparation. For now, the issue is completely ignored by every single long term bull.
“Just like it was upgraded with Taproot yesterday” taproot was a backward compatible soft fork, replacing the pow will be a hard fork.
Still buying at these prices. Sold my rental and hoping to receive the funds today.
While companies are piling cash of enormous proportions. Little do they realize they’re melting ice cubes.
Companies hoarding cash at alarming rates. Imagine how much Bitcoin these cash positions could buy into their reserves at $65k per coin. I’d say their reserves would be much stronger with massive Bitcoin on their balance sheets.
Cash each company has: Apple: $190.5 billion Google: $142.0 billion Microsoft: $130.6 billion Amazon: $78.9 billion Facebook: $58.1 billion Tesla: $16.1 billion Netflix: $7.5 billion Total: $624 billion.
Not to mention another $150 billion cash pile from Berkshire Hathaway could get them 2.25 million Bitcoin on their balance sheets – that’d be massive.
Say this occurs then you have over a third of all the Bitcoin supply in the hands of like 7 companies. Any potential negative side effects in that kind of situation? Just curious.
Just because they want it can’t mean they’d have it. With dwindling Bitcoin supply from exchanges, there’s little more than 2 million Bitcoin liquid. The minute even 5% of this corporate demand shows up the supply quickly dries up. Push prices way higher to pry them off.
Only by realizing that Bitcoin is not an investment, but real money, anyone can become financially independent. States issue means of payment whenever they want. Buying Bitcoin is the best solution.
6M in today’s buying power. In nominal terms, it could be 25M+ USD per BTC. Yeah I’d say that sounds about right. I like it.
This has already been addressed. $6M in “today’s buying power”. So the actual price might be something like 25M. And therein lies a problem by then 6m$ will be nothing.
For anyone who thinks your can’t get rich with Bitcoin Spoiler: You can, it will just require patience. Lower your time preference.
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