Replying to Avatar StackSats ⚡️

Weak money forces people to use other assets as a store of value.

These assets (e.g. houses) are no longer just purchased for their utility, adding a monetary premium to their price and becoming unaffordable for working class.

Social problems and populism arise. Capitalism is wrongly held responsible for the consequences of late-stage fiat.

#Bitcoin will pull the monetary premium out of all other asset classes, allowing their prices to recalibrate based on their actual utility.

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BoomTown 2y ago

I agree… and if we’re right, it is gonna get weird out there folks…

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