Have you reached 1
BTC yet?
If not, what the fuck are you doing with your life?
What are you gonna tell your future kids and grandkids when they ask you why your bitcoin stash is so pathetic when you knew about it in 2023 or earlier?
@BritishHodl
Most people don't understand how the purchasing of Prime Real Estate goes - and the ego driven nature of it.
So - they will never comprehend how the hunger games for #Bitcoin will play out.
When you're looking at a piece of prime real estate, like a Malibu beachfront house or an apartment at One Hyde Park in London.
There is maybe a list of less than 50 buyers willing to execute.
But, what you're really playing to is the ego of that buyer.
For these buyers money is not the issue, it's the desire to own THAT SPECIFIC piece of property.
There are kudos points amongst the wealthy when you own a specific piece of real estate or have a specific address.
Anyway - so what happens is this, the property goes on the market for lets say $30m.
The first buyer says "I'll take it for $28m."
The next one comes in and realises he doesn't want the first buyer (whom he knows) to own it, so offers $31m.
Then you call the 3rd guy and say there are bids in at $28m and $31m.
The 3rd buyer is connected enough to find out who the other bidders are (it's a small world) and realises he wants to be the one in the group at One Hyde Park so offers $35m.
The first buyer is priced out and you continue until there is only 1 bid left.
He just paid $37m - 23% above original asking - for a property originally asking $30m because he wanted to say "fuck you" to his fellow bidders.
He'll then buy that property and leave it empty.
Same thing happens in watches, same thing happens in art.
It's sport.
And for some reason you don't think the same thing will happen in #Bitcoin ?
The MOST pristine asset with absolute finality of scarcity.
When #Bitcoin is $1m per coin, there will be a rush from the wealthiest just to get ONE.
The higher it goes, the more competitive they get.
And sure it's to do with the fact that #Bitcoin is a great investment. But they don't need that, they're already rich.
They'll want to own ONE #Bitcoin just to say "fuck you".
That's the real hunger games.
When logic drains away.
And emotion takes over.
Desire for status takes over.
Animal instinct of the wealthiest takes over.
https://x.com/britishhodl/status/1706297759928557576
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