Wait a second.
A top 20 US bank that was AAA rated last week went bust within 48 hours because they were heavily invested in bonds with a “risk free” yield?
🚩
It’s as if everyone assumed others were doing due diligence, when nobody actually did.
Don’t trust, verify. #Bitcoin
Bitcoin is beautiful. 🧡
If we figure a $10,000,000 #Bitcoin as a ballpark…
Then today’s $25,000 is $0.0025 on the dollar before inflation.
Point is not the exact number... point is that it's well under 1 cent.
Real estate is not in a bubble.
Stocks are not in a bubble.
Gold is not in a bubble.
#Bitcoin is not a bubble.
The currency we price said assets in is the bubble.
When the currency bubble begins to unwind, we misdirect toward asset prices and excuse new stimulus to keep it up.
Do you think this is a reasonable conclusion?