This is new tech that I’m incredibly bullish on. For context, watch in conjunction with this video on bitcoin adoption in Peru.

https://youtu.be/4hWMHLF-OEg

Basically, the idea behind Fedi is to create a privacy respecting app and cloud platform managed within a local community.

The two apps launching now are bitcoin banking and chat.

Sign up is simple as nobody needs to manage private keys because this is done by a few trusted leaders in the community. Those leaders cannot see anyone’s data or transactions but they can restore your access to your full account if you lose your phone.

One of the biggest issues with bitcoin today is making sure nontechnical people don’t lose their keys. This solves that and creates a private cloud platform for all your data too.

Won’t be surprised if they reach a billion users faster than any other platform. The go-to-market strategy is 🤯. @note16psww...

Game theory in action:

- Trump says the USA should prevent China from dominating BTC

- Hong Kong official announces exploring holding BTC reserves

- Russia announces BTC payments (presumably to acquire BTC by selling oil)

The last three bull cycles had lower highs. I’m starting to think that this bull cycle won’t follow that trend and may surprise us with a greater price increase than people are anticipating.

Why?

We’ve had a long bear market. This means that a greater percentage of coins were shaken from weak hands into strong hands. This should reduce supply when liquidity returns.

A lot of coins have left exchanges and are now in cold storage.

Liquidity could flood back in next year if the Fed needs to bailout banks or the economy if a recession occurs.

The US govt is now in a debt trap and can’t pay its interest and entitlement payments out of revenues. This means greater fiscal deficits and more money printing.

Blackrock and Fidelity filing for ETFs indicate that institutions could be big buyers this cycle.

China and Russia may be positive factors. Hong Kong now promoting bitcoin. Russia now mining bitcoin.

Lower supply and higher demand. It seems the stars may be aligning. 🤷‍♂️