Bitcoin entering traditional markets is a deflationary force 10x and potentially even 100x greater than AI.
This could allow inflation to run far hotter for far longer than previously estimated.
Bitcoin is an infinite container for cheap dirty fiat.
Discussion
Interesting idea
bitcoin is a blackhole. it will indiscriminately devour a limitless amount of assests, including dirty fiat.
It's a deflationary force for Bitcoiners who use bitcoin as their unit of account.
It's deflationary for stocks, bonds & real-estate (traditional SoVs).
I can't see how it's deflationary for consumer goods. I expect the price of beef & chairs to increase as plebs start to realise some of their newly acquired optionality.
Yeah it’s not deflationary for consumer goods
TLDR:
Corn good.
Munch munch.
Long time.
I think there is a bigger issue with Bitcoiners. What will you measure in when fiat is dead?
In sats, guy. Every currency was once measured in the currency it replaced.
An orange hole