Philip (@PassivActivist) header
Philip (@PassivActivist) profile picture

Finance, Tech, Law, and the human experience.

NYC
Joined June 2011
I thought maybe these Claude screenshots going around could be a smear campaign by X and Grok but unfortunately it is in fact getting worse.
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“Manufacturing evidence to fit my hypothesis” lol
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The dread I see from bitcoiners (and the football spiking from the haters) is very short-sighted to me given that since 2022 (right before the BlackRock ETF filing) Bitcoin is up 429%, gold 177%, Silver 350%, QQQ 140%. In other words bitcoin spanked everything so bad in '23 and '24 (which ppl seem to forget) that those other assets still haven't caught up even after having their greatest year ever and btc being in a coma. IMO what happened was the 'institutionalization' narrative got priced in very quickly and ahead of it all actually happening. So it had to take a breather so the actual narrative could catch up to the price. Feel better now? You're welcome.
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I love these dips. These moments of pure terror. Like jumping out of an airplane and feeling the ground fall away. 30% of your net worth gone in a week. Do I cut my losses? What if I was wrong? Doomscrolling through a feed of red charts. Listening to panicked traders call for terrifyingly low numbers. Zero, perhaps? Another mathless blowhard tells us how Saylor is about to be liquidated. This time, surely, is different - or just like all the other times? It’s in these moments, dear bitcoiner, that you earn it. That you learn to tune out the noise, and listen to your conviction. Without them, as it has for the last two years, Bitcoin feels too easy. It cant be a straight line up, or it would already be priced in. These moments are why the future belongs to you, and not to those too timid or too weak to jump onto this orange roller coaster and hold on for dear life. Because you earned it in moments like this. You held on. You bought the dip. You set the floor. Its chaotic. It’s terrifying. It’s nerve racking. This journey we’re on together. But how did you think it would feel, remaking the world?
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I got 99 problems but beating inflation ain’t one #btc100k
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This #Bitcoin presentation was made to over 60 family offices. Daniel @DSBatten has worked tirelessly to change the narrative about Bitcoin’s environmental impact & we are now seeing the results in media, academia, & commercial research. Pls share🙏
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Will never cease to amaze me that these giga-settlements in tradfi happen, barely make news, and Elizabeth Warren doesn't call for all banking to be shut down because of how it's the medium of choice for money launderers
I thought money laundering only happened in crypto…
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They're seriously proposing to adopt Bitcoin as a strategic reserve asset for the US - this is historic and shows that #Bitcoin is winning.
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BREAKING: 🇺🇸 Democrats wrote to the DNC asking to shift away from the anti-#Bitcoin stance, responding to Trump speaking at the Bitcoin conference.
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Replying to @MichaelDell
Just one of the richest guys in the world publishing a video of the largest asset manager in the world talking about #bitcoin. Probably nothing 👀
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Politically smart thing for Biden admin to do would be to have SEC rescind SAB 121 on market close heading into the weekend...
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#Bitcoin/crypto is bi-partisan!
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The antidote to boredom
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Is it greed? Do the rich need to share the wealth? Or is our money and system of incentives broken...? I admire how genuine, honest and generous @NikkiGlaser is, and how open she is to learning about #Bitcoin. ➡️youtu.be/_ONMJFkuXBo?si=VoEZ… Watch for some laughs and see if I got her thinking differently about Bitcoin and our broken system of haves and have-nots.
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I think @JoeSquawk is bigger bitcoiner than pomp at this point
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Every singe financial system failure in history, has been caused by the stakeholders that control it. #Bitcoin removed them.
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People often criticize #bitcoin around inflation hedge vs. risk asset. I, for one, am very happy that my inflation hedge is also a risk asset.
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#Bitcoin is the Apex Property of the Human Race.
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I consider #bitcoin’s all time high to be ~$75k because, adjusted for inflation, it’s at least that in today’s dollars. $69k is just for memes.
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