Central banks offer swap lines.
#Bitcoin offers a lifeline.
Look, this isn’t that complex.
Only a fiat-brain degen wouldn’t immediately understand that a money that preserves and grows your purchasing power over time is superior to one that doesn’t.
Better money for a better world.
#Bitcoin
“From a depositor perspective, banks are basically highly-leveraged bond funds with payment services attached, and we treat it as normal to keep our savings in them.”
- #[0]
A gentle reminder that the federal government loves nothing more than picking winners and losers.
People beginning to understand the critical importance of a parallel, completely separate, permissionless, decentralized, secure financial/monetary network.
#Bitcoin
So many people make the critical mistake of confusing bitcoin’s price volatility with risk.
Risk only equals volatility in academia.
Possibly. Multiple creative “solutions” coming soon, I’m guessing.
Defund Dystopia, Davos scheming, and ongoing Operations Choke Point
#Bitcoin
The plan:
Step 1: Operation Choke Point
Step 2: Devastate regional banks, venture capital, stablecoins, and crypto without any chance of bail outs
Step 3: Chastise the above-mentioned entities for being too risky for retail investors and make examples of them
Step 4: Introduce CBDCs as the “much needed, risk-free” alternative
No seriously… Be your own bank.
#Bitcoin (in cold storage)
Lol… This is the Fed’s actual dual mandate:
1. Inflate massive asset bubbles.
2. Pop massive asset bubbles.
The first mandate exacerbates income inequality and the second causes mass human misery.
#Bitcoin is gold
and #crypto is dross.
The fire refines
and impurities are lost.
From my macro vantage point:
- Major cracks are appearing in the foundation.
- Unless the current twin narratives of “sticky high inflation and higher for longer” change quickly, risk assets are in serious trouble.
- I’m watching the high yield OAS (among other things) closely for signs that the floor may drop out under risk assets imminently.
- Net liquidity, for it’s part, continues to contract… exactly when it needs to be expanding. The Fed is blinded by their perceived “fight” against price inflation.
GM. Only approximately $400B of the world's purchasing power is currently in the #Bitcoin monetary and financial network.
We are very, very early in the journey.
Life hack: Keep a running list of your mistakes. Seriously.
The longer the list, the more likely you have lived a full and interesting life.
And you will probably be a more humble person for it...
Even wise.
#Bitcoin is I Love You money. 🧡
#ForTheKids
A gentle reminder that volatility is the price we pay for outsized long-term gains.
The Federal Reserve's theory (and practice) of demand destruction is nothing short of barbaric.
Treating a fiscal and supply-sided problem with a demand-sided hammer is a terrible solution... And it will likely cause substantially more harm than good over the short- and long-term.
Lord, help us all.