Thread
People who constantly watch Bitcoin/gold/finance podcasts have become hopium addicted.
You watch Peter Schiff and friends predict financial collapse and hyperinflation year after year and you start believing it.
They tell you: "Hyperinflation in 5 years is inevitable. It's just math."
Just don't ask why their hyperinflation math isn't reflected in financial markets.
They'll tell you "Only I can do math" or "It will be sudden".
Maybe you're right that it will be sudden, you just have to move to Zimbabwe.
In first world countries however, we're about to transition to CBDCs/stablecoins so financial collapse/hyperinflation is an extremely unlikely scenario.
Replies (2)
hope is what gets the people going ¯\_(ツ)_/¯
But yea, it's true. Buying bitcoin never was about getting rich, it always was to have control. From that control comes its value. Not its price in dollars though.
I see it as a purge. The insects blinded by the short term yield and convinience of CBDCs/stablecoins, who never were in it for control, will leave bitcoin.
But we know. People on-chain know. Governments know.
Just judging by the rising ETF/treasury share, buying Bitcoin is about getting rich for most people.
Of course, the getting rich part is more difficult without the possibility of sovereignty.
For me and you, it's about the possibility of having control over your money, but for most it's about price exposure.
Gold for most, permissionless money for few.
You've articulated the problem - governments know too well, while the vast majority of the people don't know anything.
