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David Lawant
14.7K posts
David Lawant
@dlawant
Research @Anchorage | frm @FalconXGlobal, @BitwiseInvest + others | Decoding markets by day; music, photography, food, and books by night | John 15:16
🇺🇸 via 🇧🇷
Joined October 2017
Everyone: You’re so lucky to have ridden Bitcoin all those years. The ride:
00:00- Thinking about this JP Morgan line from early 2019: "We have long been skeptical of cryptocurrencies’ value in most environments other than a dystopian one characterized by a loss of faith in all major reserve assets."
- #Bitcoin is in the early stages of evolving from a speculative commodity that governments frown upon to a matter of national security. Interestingly, something very similar happened to oil over 100 yrs ago. It's a fascinating story with lessons for today.👇
- Bitcoin Legal Defense Fund is such a awesome idea! Email straight from @jack to the bitcoin-dev email list is 🔥.
- “A study by Hirschman Capital shows that out of 51 cases of govt debt breaking above 130% of GDP since 1800, 50 governments have defaulted. The only exception, so far, is Japan. We mention this because the IMF expects US Debt to hit 141% by the end of 2020.” Felix Zulauf
- The chance to win the mega millions jackpot is 1 in 302 million. Now imagine someone winning it 9 times in a row. That's still more likely than someone guessing a bitcoin private key.
- BTC is actually holding up remarkably well all things considered. Remember how it reacted during broader market panics just a couple years ago? Sign of the times.
- Replying to @ThomasSowellHard to think of someone who could be a better fit for the newly vacated Harvard president spot.
- #Bitcoin quoted in Brazilian Reais is now at an ATH. Who will start the count of in how many currencies BTC is already there?
- I’m kicking myself for not having bought even more BTC. I can’t imagine how someone who‘s been on the sidelines feels.
- More than 100 years ago, Carl Menger accurately described the current stage of BTC hodling.
- Always darkest before the dawn? According to my calculations, the last time the Coinbase premium was this negative was a couple of months before the massive rally from Oct '23 to March '24.
