He said and implied that we are near a top, which is why he sold. He then implied it’s fine because be can just buy the crash sale.
In a world where 30-year mortgages exist, selling all your Bitcoin to buy a depreciating asset made out of drywall and sticks is retarded.
With RE you get all the downsides with none of the upsides
With btc you get all the upsides with none of the downsides
Funny how that works lol
Ah, so you think because dollars are easier to get in the future job markets will sustain and increase their wages instead of, inside of a hyperinflationary environment spike unemployment and thus make money harder to get. You default on your mortgage and you are homeless.
Didn't imply a top, implied there would be a crash, which is accurate while you can still trade fiat for bitcoin. Houses are not an asset they are a liablility btw.
I don’t think, I know the dollar will continue to lose purchasing power over time and wages will trend up nominally. The 30 year mortgage is basically an entitlement program and one if the few levers regular people have to take advantage of the fiat ponzi.
I’ve seen hyperinflation unfold firsthand. Being able to borrow for 30 years at a fixed single digit rate is nothing short if a Godsend.
I know, I’m not financially illiterate unlike the dude that sold the best asset to buy a liability
K
