Bitcoin is exploding again!
What if Bitcoin is truly the radical (monetary) reset we're all looking for?
I mean, we all talk about it, but what if the world is really starting to understand that **governments need to be demonetized** and that Bitcoin is the best way to do it?
#bitcoin
What do you mean by "what if"?!
I'm interested in your thesis as on the surface I don't see how that would happen
There's around 30% of the global bond market that's private and free. Composed of all kinds of private sector entities, hedge funds, some banks, families, individuals, etc, etc.
If these guys get out of bonds because of the inflationary pressure (i.e burning money in a QE environment), and also if there's a stagflation and the equity market doesn't work so well (which is possible), there could be a bond demonetization process. And in that process people could realize that Bitcoin is a secure asset/investment.
Basically a worldwide orange pilling event.
Governments wouldn't be demonitized as a result. If there was pressure they will compensate by raising rates on treasuries, and self dealing buying their own treasuries like has been done already.
Yes, but for the first time in history, that last 30% of real free market signal that used to back them up (the people I described above) will not back them, and thus you'd have something different.
But I understand what you mean, fiat (main currencies like USD, etc) will never hyperinflate (in relation to themselves) BUT **they'll be completely demonetized in relation to Bitcoin**.
So like another user was saying in a different post, we're gonna have, Cantillionaires (Cantillon effect), Bitcoiners, and nocoiners.
The countries, nation-states, politicians that get it and become orange pilled earlier (like El Salvador) will benefit immensely. Because if you play that game, that's going to catapult you to the future.
Like before, we're going to have the world running at completely different speeds.
