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Replying to Avatar Laser

Because I doubt Trump is going to actually reverse inflation, I suspect the following reality in 2030:

- median house price = $1m

- 1 #Bitcoin = $1m

That's essential another 50% haircut of the dollar, which would make #Bitcoin only $500,000 in today's dollars, which is actually only ~$150,000 in precovid dollars.

I think Bitcoin has already shifted from being a wealth building vehicle to being a wealth preserving vehicle, at least on this side of the greater S curve.

In 2030, with how bad shrinkflation is hallowing out the quality of new home builds, I could hardly imagine parting with $1m of Bitcoin for some cardboard house built with popsicle sticks and chemicals.

Needless to say, the move for Bitcoiners is to streamline their lifestyles, seek whatever long lasting, quality goods remain (niche brands and older goods), and to get situated to endure another chaotic but transformative decade, for better and worse.

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BoomTown 9mo ago

Pretty bearish take TBH … especially given the clear market manipulation that was revealed with FTX. They’re doing the same thing, just with Coinbase now.

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Laser 9mo ago

I think the US will be much more tolerable than other countries. Dollar milkshake will mean less pain here. Trump bringing back industry and production is wise.

There is a storm coming no matter what. The monetary system is not going to have a clean reset. We are already deep into the looting.

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