To me, the price/value of houses is going down. Same applies to food, energy, cars, businesses, etc.
Discussion
Good way to look at it.
It’s going down in value versus Bitcoin. Which means Bitcoin goes up in value against everything else
I already see Bitcoin as being a ruler where everything in the economy should be divided by 21 million. So from that perspective, Bitcoin is already the standard of value, and everything else is crashing against it. That is ultimately the conclusion everyone will come to with time.
The reason I push back against the idea of Bitcoin going up in value is because I’ve spent a lot of time learning about Weimar and hyperinflation recently.
People get easily confused by the booms and busts, and often thought they were getting rich when really they were getting debased.
I don’t want to see good Bitcoiners selling for dollars because they still don’t understand the dollar is completely fake. When Bitcoin hits 10 million, its next stop will be 10 billion, probably at an accelerating speed.
100%
I always think back on the book “when money dies”
Very important not to get caught in those booms and busts every fiat currency will experience