{"type":"rich","version":"1.0","title":"buckyfonds wrote","author_name":"buckyfonds (npub1x9…p6rta)","author_url":"https://njump.me/npub1x9hghmfunry8wcgg8s8w5e3drmkndw92r8qu0cp2l28u32aqqn9q6p6rta","provider_name":"njump","provider_url":"https://njump.me","html":"Had to go from 95% net worth invested in Bitcoin -\u003e 15% about 2 weeks ago.\n\nA lot of the confidence I had, vanished, once I stopped listening to podcasts with Bitcoin authority figures and started to research on my own.\n\nThe reason I made the move is that I am pretty sure Bitcoin is going to become Gold.\n\nBased on my research, the masses embracing Bitcoin as a medium of exchange over stablecoins/CBDCs is a very remote probability.\n\nThis doesn't mean that Bitcoin is not going to go up in fiat terms of course. I still think there are massive fiat gains to be made in Bitcoin.\n\nI'll be a buyer on draw-downs of 45-55% from ATH, and seller  during \"clarity\" (e.g. policy, liquidity, etc.) spikes.\n\nFor me, Bitcoin went from being Hope to being a hedge against \"The Great Taking\" type scenario and a niche, permissionless MoE.\n\nIf you are unfamiliar with the book \"The Great Taking\":\n\n- The book describes what Webb calls \"The Great Taking\" - a systematic, global seizure of all collateralized assets through legal, technological, and financial mechanisms. In other words, you don't own the stuff in your brokerage account.\n\n- This is enabled by the laws in every country in the World (they were changed recently to allow for this global seizure type scenario).\n\nOf course, if this happens, then Bitcoin and Gold get revalued much higher overnight.\n\nBased on my research, the Controllers changed the laws for an edge case, this is not the base case type scenario.\n\nIf I have a reason to believe that the odds of Bitcoin as a mass MoE increase over time, I will scale back into it.\n\nFor now, Bitcoin is a dissident MoE, a Store of Value, and a \"Great Taking\" scenario type hedge, and I don't see this changing for the better any time soon.\n\nMore context on the post-ETF era:\n\nnostr:nevent1qvzqqqqqqypzqvtw30knexxgwasss0qwafnz68hdx6u25xwpclsz4750ez46qpx2qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcpr9mhxue69uhkc6t8dp6xu6twvaex2mrp0yhxxmmd9uqzplfvpve5lkalumaw8zkqv0g0mr30dm02dxva5qsu26m0fyq7rlnrwx8sqa\n\nMore context on how  permissionless technology ≠ permissionless adoption:\n\nnostr:nevent1qvzqqqqqqypzqvtw30knexxgwasss0qwafnz68hdx6u25xwpclsz4750ez46qpx2qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcppemhxue69uhkummn9ekx7mp0qywhwumn8ghj7mn0wd68ytnzd96xxmmfdejhytnnda3kjctv9uqzqaez84eepgc67yy82p6urjm8mqfv2kxcdff24wrqyw5jq6mpxy5gwvj2ml\n\nMore context on how  governments and large institutions are domesticating Bitcoin:\n\nnostr:nevent1qvzqqqqqqypzqvtw30knexxgwasss0qwafnz68hdx6u25xwpclsz4750ez46qpx2qythwumn8ghj7un9d3shjtnswf5k6ctv9ehx2ap0qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcppemhxue69uhkummn9ekx7mp0qqsgcmh90td3u0ayhgpyv5v9rhlm6k3j4vcjh53eau8psnh7zkur3wc08u4tf\n\nMore context on what OG Bitcoiners don't understand:\n\nnostr:nevent1qvzqqqqqqypzqvtw30knexxgwasss0qwafnz68hdx6u25xwpclsz4750ez46qpx2qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcppemhxue69uhkummn9ekx7mp0qywhwumn8ghj7mn0wd68ytnzd96xxmmfdejhytnnda3kjctv9uqzphjchgkg0zj2t77z2ethgg5qy6c63mf46hapggtuxpuc7agfcfryejs0uk"}