Replying to Avatar Bitcoin for Freedom

How hyperbitcoinization will play out:

1. Rich people will lose trust in The Fed, bonds, real estate, gold and USD

2. They’ll find out what #bitcoin  is and get FOMO

3. They’ll buy the remaining 2M BTCs on exchanges. Normies will also sell their coins for high prices to them thinking they can buy back cheaper later

4. Central Banks will print fiat to buy it which will create hyperinflation

5. After USD gets hyperinflation debt will be worthless, many businesses will go broke. The world will clean out everything that is not profitable. We’ll start from clean sheets with Satoshis as the new currency

These steps can last for months or up to three years. Don’t sell your coins to them.

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ĐaꝞꭵꞧuꞩ.₿ 🟠 2y ago

But, before all that, the canary in the coal mine is gonna be BTC dominance skyrocketing back to basically 100%.

BTC won't destroy tradfi before destroying defi.

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