BitcoinMike on Nostr: Stole this from Fred Krueger on twitter. A Nightmare on Fiat street There's a new ...

Stole this from Fred Krueger on twitter. A Nightmare on Fiat street


There's a new kind of money.

It's only accepted in a handful of restaurants and retail shops. Amazon doesn't take it. And you definitely can't use it to pay your taxes.

But this money that nobody accepts did 10 trillion dollars in transactions last year -- more than Visa.

The value of this currency has appreciated more than any other asset class in 12 of the last 15 years. It's progression follows a power law, with close to 40% current compound growth.

100 million people worldwide are saving in it. That number is growing at the cube rate of time.

Anywhere on the planet, you can exchange it for the local currency. Dollars, Euros, Yen or the Vanuatu Vatu. It's massively liquid, trading Billions of volume per day.

So ignore it if you want, or try to be cute and time your purchases and sales.

But recognize that it's here. And it's unique.

It's Bitcoin.