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After years of telling my very good friend and decade long colleague how absolutely fucked the fiat system is, (and basically shilling him Bitcoin without shilling him Bitcoin), he swung by yesterday and voluntarily started asking about my view on geopolitics and if this was a good time to buy.. After we talked for over an hour about bond math, geopolitics, US debt, the end of globalisation, Japan, and how absolutely cooked the whole system is, he pulled the trigger and finally bought his first chunk of Bitcoin. He’s down 10% and he’s not even 24 hours into his btc journey.. I guess we’re enemies now 🀣
I convinced my landlord to take the monthly rent via bitcoin when it was in the $120Ks. He's asking me for comfort in the $60Ks now. I retold the story Mike Maloney shared about the Weimar Republic. In one of his YT vlogs, he shared a gold price chart as that government was easing into hyperinflation. It showed, like a Richter scale's needle, gold price spiking, then tanking, then spiking, then tanking, and so on. In the death throes of paper money, the ensuing chaos experienced very turbulent price discovery.