What I’m seeing from 2010-2019 is the same as 2020-2023 just happened in a shorter cycle this time. As #[0] puts it, the “contractions” are coming faster and more powerfully.
Discussion
FIAT is fuqd.
This is not going to be as fun a ride as you might think as a Bitcoiner.
Everyone you know is fuqd.
Yep, the beautiful deleveraging that never was.
Leave it to #[1] to express the level of pain that broken / centralized systems are causing