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Saylor Causing Bitcoin Shortage, Vitalik Reflects, Elon Ignorance, Issue #11

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Happy 2022. Have you stacked any sats as yet? Well you better hurry because Saylor is coming for your bitcoin. Vitalik reflects on things he got wrong, unfortunately ETH wasn’t one of them, Elon thinks Bitcoin is still in 2013 without Lightning and many more thoughts from the regular plebs.
Dive in to the year’s first weekly Bitcoin Twitter review.

Michael the Saylor man, 124,391 Bitcoin Strong
Bitcoin Magazine
MicroStrategy now owns 1 out of every 170 #Bitcoin that will ever exist 🤯 🤯 🤯
Michael Saylor⚡️
MicroStrategy has purchased an additional 1,914 bitcoins for ~$94.2 million in cash at an average price of ~$49,229 per #bitcoin. As of 12/29/21 we #hodl ~124,391 bitcoins acquired for ~$3.75 billion at an average price of ~$30,159 per bitcoin. $MSTR
Benjamin Cowen
Anyone know why Microstrategy has not bought any #Bitcoin all year long?
We're still sooo early
Documenting Bitcoin 📄
Explaining #bitcoin to an empty room in 2013, while it was worth less than $100.
After all these years Vitalik still doesn't get it
1. In 2013, I wrote this piece on "how Bitcoin can actually help Iranians and Argentinians". The core point: Bitcoin's key benefit is internationality and censorship resistance, NOT "the 21m limit". I predicted stablecoins will prosper.
Charting Bitcoin
Dylan LeClair 🟠
#Bitcoin long-term holders have an average on-chain cost basis of $17,825, but the ones currently moving spending their coins have a cost basis of $33,890.

The true OGs are holding tight.
Jameson Lopp
During 2021 the Bitcoin blockchain grew from 319GB to 383GB - an annual growth rate of 20%.
I use models to protect myself from emotions. Right now most people, incl myself, fear further decline of btc price and want to sell. But S2F model shows btc is at the low end of 50k-200k 1sd band, a buy signal. Likewise 200k will feel like btc will rise forever but S2F says sell
Happy New Year!

#Bitcoin +60%
Real Estate +35%
Stocks +27%
Bonds -2%
Gold -4%
#bitcoin halving regression - The red line is calculated solely on the 3 prior halving prices. The white dotted lines marks the next halving price. I feel like I'm a bit out over my skis on this one. If so, let me know.
Recorded Spaces
Michael Saylor⚡️
#Bitcoin is digital property at low frequency, digital money at mid frequency, & digital energy at high frequency. Tomorrow at 6pm ET, @Eric_BIGfund & I will discuss the benefits of a world cloaked in digital energy, moving at the speed of #Lightning.⚡️
Great interview with Mike on the history and future of Bitcoin at Block. He’s the biggest reason we (and I) have had any positive impact on Bitcoin!
Lex Fridman
Here's my conversation with @elonmusk. His 3rd time on the podcast. This one was epic.

Elon and the amazing SpaceX and Tesla teams have inspired the world, in a time when it is needed most.

Thank you for giving people hope about the future.

The Thoughts of the People
What backs Bitcoin? A thread
Eric Yakes
What is #Bitcoin backed by?

It’s likely not what you think because most people are asking the wrong question

Thread 1/n
After listening to @elonmusk on @lexfridman Pod, It feels good to know that, I understands #Bitcoin way more than him.
Ray “Adewale⚡️Mutabose” Youssef
When I said this 6 years ago, everyone laughed. Is 2022 the year that Africa becomes the Undisputed King of Financial liberation ? It began with Mpesa and it shall reach the heights with #bitcoin via @MasterGuantai
Bitcoin Magazine
SEC Commissioner: I don't understand why a spot #Bitcoin ETF hasn't been approved yet. 👀
Recursive Capital
Announcing Abubakar Nur Khalil (@ihate1999) as our new CEO 🚀⚡️
Lord Norris 🏰
When you realize only 1% of the world owns #bitcoin and it’s worth $50k.

Wait until 3% own it.

Pomp 🌪
If you had to buy one asset and hold it for the next decade with the sole goal of protecting your purchasing power, what wallet would you use to hold your Bitcoin?
$220k in ‘22 in play

All #Bitcoin fundamentals strengthened substantially in 2021

Move of 50% of #BTC hashrate out of China - a drop then recoup - without missing a beat in the emission schedule - while removing the China FUD = Greatest Engineering Feat Ever

Dennis Porter
Don’t tell me #Bitcoin wealth is centralized when just 7 men on this planet are worth over $1,000,000,000,000.
It's been 13 years and #Bitcoin is still not dead as mainstream media called it out 1000+ times.
Jimmy Song (송재준)
#Bitcoin is a protocol, it's something anyone can use without any permission from anyone.

Altcoins are platforms. You are the product and need permission from those that control the platform.
Memeing like it's 2022
Every newsletter has a beginning, middle and an END
Thanks for reading till the end.
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