https://www.youtube.com/watch?v=uBMUGChTp4w

TLDW? See key points below.

Point #1

We're 50 years into this global fiat currency experiment and we're reaching a point where the debt burden is so bloated that the only way forward is monetary debasement:

- Financial repression across the board

- Inflation higher than interest rates

This experiment has created the "Global everything bubble"" that we're now seeing unwinding.

Crypto is speculation and it is collapsing with the unwinding of the everything bubble.

Bitcoin on the other hand, just keeps going. Producing a new block every 10 minutes. The Bitcoin story remains unchanged.

Point #2

Neither the macro nor the crypto people understand Bitcoin.

Bitcoin is the biggest asymmetric bet over the next decade.

Bitcoin combined the digital world, where everything can be copied, with the physical world to create the first digital network that can transfer value without a trusted 3rd party.

No need for Visa, Mastercard or central banks.

70% of Bitcoin has not moved over a year. These are not speculators but people who understand Bitcoin.

As more people understand its value, the BTC/USD ratio will continue to go up and to the right.

Point #3

The fiat system requires perpetual debt expansion or the house of cards will collapse and the only thing backing debt is more debt.

Gold didn't fail. It got co opted by the state.

We're not going back to a gold-backed currency because gold can be captured by the state.

Point #4

The ethos of Bitcoin is "Don't trust. Verify."

I don't hold any Bitcoin in an exchange. I buy it, I download it to my wallet and I audit it myself.

I'm not going to save in a gold ETF that JPMorgan holds in a vault that I can't audit myself.

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