Tom retweeted
Replying to @bourscheid
No, you don't get it.
He does not have $1 trillion sitting in cash, it is 99% stock in his companies.
To make that wealth liquid would mean selling all that stock which would swiftly destroy *both* the companies (Tesla, SpaceX, others) and the wealth. If he sold it all, he'd end up with maybe $100b max, several hundred thousand people would be out of work, the companies ruined and many of their suppliers also ruined.
Okay, but now Elon has $100b in cash, and can "solve the world's problems".
$100b divided by the world's 8 billion people is $12
If you were in charge, several of the most innovative industrial companies in the world would be destroyed, hundreds of thousands out of work, and space would again close to human civilization for another generation.
But everyone on earth could have one nice meal and you could revel in your altruism.
Tom retweeted
Replying to @R89Capital
Everything costs more, even stocks. When the value of the dollar decreases, everything priced in dollars increases.
Tom retweeted
Replying to @chamath
I don’t know what happened but dividing your audience with politics was once considered a bad marketing decision.
Tom retweeted
Replying to @saylor @IIICapital
Michael Saylor should start an Ethereum Treasury company and name it MicroTragedy.
Experts say 99% of cryptocurrencies won’t survive.
Less than 1% of cryptocurrencies use Proof of Work.
Coincidence?
Would you invest in a dividend stock with a brokerage that doesn’t support dividends?
Then why would you buy a proof of stake ETF like Ethereum, Solana or Cardano?
Litecoin ETF approval
The SEC only took 45 days to approve both the Bitcoin and Ethereum 19b-4 forms.
Nasdaq filed the 19b-4 form for a Litecoin ETF on January 15, 2025. If the Litecoin ETF gets approved 45 days after the 19b-4 form was filed the day will be March 1, 2025. $LTC
Tom retweeted
XRP distribution is centrally controlled, the ledger is distributed, the network is decentralized.
Bitcoin is a different beast, everything from distribution to confirming transactions is all systematically intertwined.
Both work great, XRP requires a bit more trust but provides a more progressive performance based protocol. BTC sacrifices performance but provides a more conservative and secure asset by minimalizing governance and limiting complexity.
The Litecoin ETF will be approved, and PoW ETFs will outperform PoS ETFs. #StockMarket



