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There are many great fortunes yet to be made in crypto, but none of them will be made in Bitcoin. I can appreciate how it must be hard for Bitcoin maximalists to get it.

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This makes no sense

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Sure it does. For example the great fortunes of 2020 are being made in DeFi. How would one even go zero to hero exclusively in Bitcoin? By catching waves on 100x margin? I don’t get it.

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That proves my point though. Thus a 50k investment could become a 2.5 million USD one. The era of a Bitcoin maximalist building a *great fortune* on the back of Bitcoin alone is over.

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I guess a key thing here is what it takes to make a fortune--BTC is safer and could still make a lot, but it is really unlikely to make 1,000x. so if 'fortune' means $1m then BTC can still make it; if 'fortune' means $1b then it's a lot harder.

4:21 PM · Aug 31, 2020Twitter Web App

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Sure this is why I specified “great fortunes”. Of course do not disagree can make a mil, good investment, safest of them all and such.

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Ahh ok that makes sense

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In other words, the return per unit of risk for Bitcoin is phenomenally higher than any other cryptoasset. However, the variance in your potential outcome is lower (you can’t 10,000x).

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Also your risk on other crypto assets and potential downside are far greater! The smart ones know this is a marathon and not a race, see you at the finish line.

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