Do you think for people like Mark Zuckerberg or Jeff Bezos, it is difficult for them to buy a lot of #bitcoin in a discreet way? Do you reckon they #hodl or maybe there is pressure on them not to? #asknostr
Discussion
They are only wealthy in a fiat world.
All their "wealth" is debt against their stake in companies.
It's as fake as the fiat the government prints.
So they have no interest in Bitcoin.
Yeah exactly. Would be controversial if they did. Basically a short on their own companies
Can you explain to me?
I think he means that a significant portion of the value accrued by these companies (Amazon and Meta) has come about due to debasement of the currency. Money printing is unjustly good for asset owners (Zuck and Bezos) and bad for poor people with no assets. After bitcoinization this will no longer be the case.
See the Cantillon Effect: https://www.investopedia.com/terms/b/biflation.asp#:~:text=A%20Cantillon%20effect%20is%20an,Adam%20Smith%20and%20David%20Ricardo