Bitcoin and Gold. The hardest assets known to man. Meanwhile, the S&P500: "You're holding too much BTC and Gold, we're downgrading your stability rating." Tether is the largest individual holder of Gold in the world. It's one of the largest holder of US T-Bills. It's one of the largest holders of Bitcoin. We're going to see more and more of this as innovative companies front-run TradFi by providing bleeding-edge financial tools backed by safehaven, hard assets. Strategy and Tether will be household names in a decade. S&P will be irrelevant.

So, what do hardcore Bitcoiners actually think about Zcash? 🤔 To quote @saifedean - "Zcash is a shitcoin." Honestly, I expected that answer. But what he said about privacy and money was even more interesting 👇 "This is the question. How much demand is there for money that does not get debased versus how much demand is there for money that allows you to maintain your privacy?" I think this provides a good avenue for Bitcoin supporters who are interested in Zcash to share their views and counterarguments to Saif's views. Would love to hear from @zooko @0xMert_ @EliBenSasson @jswihart and others. You can find the full interview for @Cointelegraph in the comments.

So, does it matter that Bitcoin seems to be moving away from its cypherpunk roots? Bitcoin ETFs and Bitcoin Treasuries have taken BTC mainstream. So I asked @saifedean this very question. His answer might surprise you... 👀👇 "If you have very strong feelings about how people should and shouldn't use Bitcoin, you're in for a rough time." "To be honest, a lot of people project too much onto Bitcoin. Ultimately, it's just a bunch of software and anybody can use it in any way they want. Initially, it's a small subset of people that use it and then they start projecting their values onto it. And then over time, they expect it to continue to abide by that," Ammous said. "If it's a successful technology, it's going to be used by everybody. It's going to be used by small businesses, large businesses, governments, individuals. It's money. Everybody uses money. There are 8.5 billion people on Earth, they all use money and they're all going to continue to use money. And Bitcoin is just the best money." Ultimately, the protocol itself is immune to the financial instruments that TradFi has concocted. If people want to lend against their BTC or create complex financial products, that does not actually impact the underlying network. "The way that the protocol works is that it's completely blind to what you're doing with your coins on the Bitcoin blockchain there is no paper Bitcoin there's no such thing as paper Bitcoin there's only 21 million Bitcoin and every node makes sure of that every 10 minutes and then if somebody who has some of these Bitcoin on their private key decides to sell obligations or financial liabilities referring to that Bitcoin under any condition, that's their choice. It's outside of Bitcoin and it's outside of the realm of other Bitcoin users being able to say this is right or wrong and this should happen or shouldn't happen. People are going to do whatever they want with the Bitcoin, including selling access to it or exposure to it in all kinds of different ways. And if you don't like it, you don't buy it, you can stack your own Bitcoin." You can find the full interview for @Cointelegraph in the 🧵. If you enjoyed this content, please like 🧡, retweet 🔁 and follow me 👋!