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There is no gift better than some Bitcoin. Someone said: 5 years ago today, I gave my niece $300 in Bitcoin for being born. Today, that same Bitcoin is worth $16007 USD. Also, at the time, some of you on r/bitcoin donated 0.22788 BTC to her wallet, which is now worth $10480. She is still HODLing.
In response, the community was like, “That’ll pay for college with compounding interest.” Thus, the best gift you can give anyone is investments.
Bitcoin does not need banks or the military to protect it. It instead runs this SHA-256 hash function 100,000,000,000,000,000,000 times per second to secure digital property rights of 7.6 billion people. There are now satellites that allow users to receive Bitcoin data.
Some new users feel Bitcoin is complicated as it revolves around several financial concepts like Federal Reserve, US Dollar Funding Market, Balance Sheet, On Shore Entities, Offshore Entities, US government entities, assets, and liabilities.
Factors like banks and dealers, reserve balances from deposit institutions, Federal Reserve Notes currency in circulation, reverse purchase agreements, open market operations, foreign repo pool, other liabilities, deposits, and US treasury general account.d
Assets like US Treasury Securities, Agency Debt and MBS Securities, Primary Credit Facility, Central Bank US Dollar Liquidity Swaps, Foreign Reserves, etc.
About onshore investors concepts like retail investors, government money market funds, securities lenders, corporates, FCBs, SWFs, Supra, Hedge Funds, and other money managers.
Foreign Central Banks (FCBs), Sovereign Wealth Funds (SWFs) and supranational organizations (Supra) Foreign insurers and other money managers, Foreign Banks and Foreign Branches of US banks, Corporates, Offshore Money Market Funds and more.
Many were not bothered about all this stuff or financial institutions and logic. They got into Bitcoin early. They keep holding it. Some of them sell when the price goes up. Others are waiting to buy the dip. There are yet those who are not willing to sell at all, literally hoarding BTC all the time.
The attitude is like: “Since we’re all rich with Bitcoins or we will be once they’re worth a million dollars like everyone expects, we ought to put some of this unearned wealth to good use.” – Hal Finney.
Hal Finney wrote this statement about 10 years ago, and it is happening today.
Another thing of debate about Bitcoin is the debate around the energy issue. Bitcoin energy consumption versus Buildings, Construction, Transport, Healthcare and Banks, Gold and the Military.
