1/Time for another one of Sri's long threads. Today I'm going to point out some of the logical fallacies in @saifedean book 'The #Bitcoin Standard'.
The core of my argument is that the book is full of logical fallacies and dogma. Let's jump right in! 👇
Many Bitcoiners claim $BTC will hit $1M.
To keep its network online, #Bitcoin would need to consume around 12-18% of the world's global electricity.
Bitcoin cannot scale at all and has no real utility, which is why anyone with a brain knows the future is with alts.
Imagine all high-ranking politicians, economists and business leaders worldwide where asking themself questions about what #Bitcoin is and will be, while considering to buy some for themself and their families at the moment #ElSalvador made Bitcoin legal tender. This is bullish