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?

A flood is coming to the neighborhood. You're "diversified" in it with multiple houses. Flood insurance trading at $0.0025 on the dollar. The only way to buy this insurance, however, is to smash the dam with a hammer. 99% of the town owns zero insurance. See the problem yet? #Bitcoin