[โ๐๐ง๐๐ฃ] ๐๐๐๐ ๐๐ ๐ฆ๐ฃ ๐น๐๐๐๐๐ ๐น๐๐๐๐๐ค - Have Fun Staying Poor
โ ๏ธLimited editionโ ๏ธ
๐จThis post is scarce, hold on to this limited edition, you will be rich one day!๐จ
I had to change the title this week[โ๐๐ง๐๐ฃ] ๐๐๐๐ ๐๐ ๐ฆ๐ฃ ๐น๐๐ฅ๐๐ ๐๐ ๐น๐๐๐๐๐ ๐น๐๐๐๐๐ค...
I am sure you heard all about it.
It was just too funny, a Strategic Reserve of Beanie Babies, announced by a lady, if you can even call her that...
Miss Rachel is the Demo Bomb.
I mean, how cool is that, could you even tell she is a Lesbian?
Or that she actually holds a bachelor's degree in public policy from Stanford University and a doctorate in political science from the University of Oxford.
I mean, I would have guessed she is nearing 60 while she just hit 50. Still, you gotta love that boyish hairdo that hasn't seen a playful tousle in years.
And her wardrobe, boy oh by, oh girl, oh trans, oh lesbian, oh Gay... oh no, canยดt say gay anymore, oh can say gay again, no should not say gay no more.
Anygay, it consists almost entirely of earth-tone cardigans and ethically sourced scarves, each one wrapped around her like a comforting hug as she is not getting any.
That might be because her bedside table is covered in self-help books she never finishes, and her vibrator's batteries died three years ago, but whoโs keeping track?
Could it be that she envies the world, but masks it with progressive talking points and passive-aggressive praise?I can just hear her say "Oh wow, you just love traveling, donโt you? I wish I had that kind of time, but some of us are too busy staying informed about real issues." Or...
"I am by no means a crypto expert, because A I donยดt know and B I donยดt care."
To then make the public statement that the white house strategic Bitcoin reserve is a scam and that Bitcoin is the digital version of the late Nineties Beanie Baby craze,,,
Okay, that proves what a Stanford degree is worth today, thanks Rachel Madcows.
Now as I love the nineties and I know both BYC and Beanie Babies, let me explain the subtle differences.
The Difference Between the 90s Beanie Babies Craze and Bitcoin as Collectibles
Both Beanie Babies in the 1990s and Bitcoin can be considered collectibles, but they differ significantly in value retention, utility, and market dynamics. Below is a detailed comparison:
The Asset - Beanie vs Bitcoin
- ๐งธ Beanie Babies (Physical Collectibles)
- A tangible, stuffed toy produced by Ty Inc, hence centralized.
- Single sided controlled production numbers & created artificial scarcity.
- Value driven by hype, speculation, and rarity of specific models.
- ๐ช Bitcoin (Digital Collectible)
- A digital asset, decentralized and stored on a blockchain.
- Fixed supply (21 million max) due to blockchain rules.
- Value is determined by market demand, scarcity, and network utility. Not by corporate production choices.
Centralized Production vs Decentralized Mining
- Beanie Babies:
- Ty Inc. controlled production and deliberately retired models to create scarcity.
- Some rare Beanie Babies became highly valuable, but new releases flooded the market, leading to oversupply and a crash.
- Bitcoin:
- Mathematically scarceโonly 21 million will ever exist.
- Supply is fixed by code (no company or government can create more).
- Halving events (every 4 years) reduce new supply, maintaining scarcity.
Hype vs. Value
- Beanie Babies:
- Prices skyrocketed in the late 1990s due to media hype, speculative investors, and "rare" status.
- People hoarded Beanie Babies as "investments," after TY announced the Beanie Babies sunset.
- The market collapsed in the early 2000s, when Ty reversed the decision, and flooded the market with new Beanie Babies and re-released "retired" ones, which destroyed the illusion of scarcity.
- Bitcoin:
- Experienced volatile price cycles (booms and crashes).
- Has recovered multiple times, setting new highs, unlike Beanie Babies, which never regained value.
- Institutional adoption (by companies and governments) suggests long-term viability rather than a passing fad.
No Utility vs. Real World Use Case
- Beanie Babies:
- Purely collectibles with no real-world use beyond nostalgia and decoration.
- No financial infrastructure was built around them.
- Couldnโt be easily traded or transferred across borders.
- Bitcoin:
- Digital currency + store of valueโused for payments, remittances, and investment.
- Recognized by governments, institutions, and major companies.
- Can be sent anywhere instantly and acts as decentralized money, unlike Beanie Babies.
Hodlers
- Beanie Babies:
- These hodlers consisted of casual collectors, parents, and speculators who believed the hype.
- Once the market collapsed, demand never recovered.
- Bitcoin:
- BTC early adopters were tech enthusiasts, but now hedge funds, corporations, and governments invest in Bitcoin.
- Growing legitimacy in financial markets (e.g., Bitcoin ETFs, institutional holdings).
Price Development
- Beanie Babies:
- Prices peaked out of nowhere in 1999, with rare ones selling for thousands on Ebay.
- Today, most are worth a few dollars at best, proving a bad store of value.
- Bitcoin:
- Price has stabely grown from $0.001 in 2009 to over $100,000+ at its peaks in 2025.
- Even after crashes, Bitcoin has historically recovered to new highs.
- Some countries treat it as "digital gold" for preserving wealth.
Bikini Bottom Line
๐งธ Beanie Babies were a temporary market bubble fueled by artificial scarcity, consumer hype, and speculative mania. Once demand faded, their value collapsed permanently.
๐ช Bitcoin, on the other hand, is a decentralized digital asset with real-world utility. While highly volatile, it has gained institutional legitimacy, making it more than just a speculative collectible.
Well that was fun?
Not really tbh.
As part of my research, I watched another couple of videos by Miss Madcow...and she has this attitude all the time.She embodies truly what is wrong with society today, that entitled Karen mentality is just so 2024, 2023, 2022 all the way back to the 00s. But itยดs like a good virus, it just gets stronger and more sickening.
For now I hope you enjoyed my little rant and yes there will also be a regular [โ๐๐ง๐๐ฃ] ๐๐๐๐ ๐๐ ๐ฆ๐ฃ ๐น๐๐ฅ๐๐ ๐๐ for those who like to know how terrible my portfolio looks today.
And to all Madcowยดs followers.....
Thank goodness you made it till the end Pees, Love, and I am out of here!