Bitcoin is a bet on government stupidity, especially that governments keep creating money out of thin air (debasement). Look at your government and tell me, smart or stupid? It will continue forever. Bitcoin is the safest bet I can think of.

Gold market cap is ~$20T Bitcoin market cap is ~$2T So, gold is worth 10x bitcoin Gold scarcity (stock-to-flow ratio) is ~60 Bitcoin scarcity is ~120 So, bitcoin is 2x scarcer than gold IMO bitcoin is at least 10x undervalued

Very happy with my Jan 2023 prediction (2.5 years ago)

Bitcoin $0.118m, new all time high, as predicted

Follow-up since I informed/warned about the hack : I got my email account back! Proton acted very professionally and froze the account immediately after my report, so the hackers couldn't access the account anymore. Also, damage seems minimal, because Proton encrypts email content and attachments (so the hackers couldn't see email contents and attachments, only email addresses from/to and subject) and I didn't have any other accounts connected to this email. So what happened? Many people were quick to accuse me of clicking a phishing mail, having a weak password, having malware on my computer, or similar user slip-up (see comments). But that is not what happened. The hackers abused the password recovery process. As per proton: "the attackers seemed to have directly targeted your account and knew specific details about it, which they used to interact with customer support and gain access to it". What I could have done better was enabling 2FA. I do have 2FA on all social media and exchange accounts etc, but not on this email. This is an old 2019 email account that I had set up after I wrote S2F article and became active on Twitter (now X). I mainly used it to communicate with Twitter followers. This email account will inactive from now on.

⚠️ My email account 100trillionusd@protonmail is HACKED!! All email from this account since July 5 is NOT ME !! If you have communicated with me via protonmail, assume the hackers have your email address and the emails. Of course I will not be using protonmail in the future.

My July Market Outlook:

See that woble in the yellow line (12m average RSI)? My analysis in this video:

🔥New monthly bitcoin analysis video on YT!

FYI: I still believe that bitcoin average price will be ~$0.5m this halving cycle (2024-2028). Note that S2F prediction is very rough (obviously because the prediction is made only using scarcity/S2F-ratio) with a $0.25m-$1m range (so $0.3m or $0.6m average would also be fine).