Except of course that debasement has led the price of the shares of companies that produce a good or offer a service to become untethered from the underlying
A bet on anything today is a bet on that thing outlasting the dollar, as well as a bet on more people continuing to join you in making the exact same bet
Correct. P/E ratios are blown out.
As are home valuations, and bond pricing - all fake fake fake
Bitcoin’s prospects for massive appreciation start to make a lot more sense when we realize how out-of-whack the pricing of every other scarce asset is
Hyperbitcoinization is really just mean reversion for all other scarce assets
