💰 The case for $500,000 bitcoin

what you buy when you make $10M

Author

Alex M.
January 23, 2023

GM everyone, and happy Monday. This is 2036, the newsletter that pays you. 

If you've ever watched The Social Network, you know who the Winklevoss (Winklevii?) twins are.

In real life, they actually look like this:

Yeah, don't ask me about the jacket.

The 6'5 Olympic rowers supposedly had the initial idea for Facebook. They told Mark Zuckerberg about it. He then allegedly stole their idea and built his now trillion-dollar empire.

Yeah, that's the bad boy right there. No regrets on that face.

In the end, Zuck and the twins settled for a cool $65 million.

In 2013, the fantastic duo announced they owned roughly $11 million worth of bitcoin. Rumors circulate that they bought bitcoin for as little as $8 a pop.

Ok so that's what your blazer looks like when your $10 million goes to $6 BILLION.

These days, the Winkelvii are in a different mess because of a crypto company they own. But that's a story for another time.

What you need to know is they've made quite a name for themselves in crypto. And a few years ago, they wrote a blog post titled "The Case for $500K Bitcoin".

It's pretty darn good and explains things like:

  • The problem with the US Dollar, with gold and with oil

  • How to value bitcoin and other cryptos

  • How they come to their $500K prediction

  • What they spent the remainder of the Facebook settlement check on

(Just kidding on the last one)

It's a great blog post and it's worth reading. Today's task will be to read and summarize the article in your own words.

✅ Task: get paid $20 in BTC for a summary of "The Case for $500K Bitcoin"

Step #1: Read the blog post:

The Case for $500K Bitcoin

Gold and oil have historically been reliable stores of value. Because they are scarce commodities, they make dependable hedges to the inflation of fiat currencies. As a result, they have commanded price premiums above and beyond the demand for their consumption alone.

Step #2: Summarize it in your own words and send us your summary by filling out this form:

Task completion form: 🍀 Earn $20 in BTC for a summary of "The Case for $500K Bitcoin"

The task will expire 48 hours after the email is sent, following which a winner (or several) will be awarded a prize in BTC. All responses submitted after the 48 hours are up will not be eligible for a prize.

The best submission will win $20 in BTC.

Strap on your boots 'cause this week is gonna be wild. We'll have awesome new tasks and bigger prizes than ever before.

I hope you all have a fantastic start to the week.

Speak to you tomorrow,

P.S.: word goes around that you get a lot of work done listening to the soundtrack of 'The Social Network' in the background... here it is.