Of course. When you can print the money and control everyone’s life through CBDCs there’s no incentive to hold Bitcoin. They’ll keep on telling themselves that it was the “correct” thing to do — something along the lines of “we don’t speculate”. And then they’ll turn the printers to max.
Precisely because you can print money, it makes so little sense, doesn't it? But yes, they never admit it to themselves.
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In the closet of every government employee hides the ghost of Keynes whispering clandestine tales of “economic theories”.
The fairy tale of nominal pseudo-growth 🤭
