Annual interest on the debt just crossed $1.1 TRILLION, or $3.0 BILLION per day…
…enough to buy every new Bitcoin mined for the next 59 days…
…every single day.
Bitcoin is INEVITABLE because FIAT’S DECLINE is TERMINAL.
Pro tip: You are far less likely to exchange your bitcoin for something less valuable when your bitcoin is not on some place literally called an exchange.
"AI is creating infinite abundance. Infinite software. Infinite productivity. Infinite content. Infinite analysis. Every digital service approaching zero marginal cost."
"Bitcoin is mathematically scarce. Twenty-one million coins. Ever. No exceptions. No emergency powers. No Federal Reserve meetings."
"When everything becomes abundant, the few things that stay scarce become exponentially more valuable."
Imagine if clocks had inflation like money does.
EU clocks have a different time relative to US time an AU time etc… and it’s relative difference changes from quarter to quarter.
Now try planning and organising with calendars that work like that.
It doesn’t work.
Money is a coordination tool, like clocks!
It’s very difficult to organise a meeting with you if I never know what time it is for you.
Same way with purchasing something, I can never know what you can afford if I don’t know where your money will be next year. So planning goes down and reacting goes up.
Net -EV for everyone involved IMO!
The taxation tipping point is here for the UK.
Who could have predicted it….? Am assuming @Keir_Starmer’s solution will be to tax them harder. What will it be Keir?
Socialists will never learn.
10y UST yield now green.
"I felt a great disturbance in the Force, as if millions of voices suddenly cried out in terror and were suddenly silenced. I fear something terrible has happened."
For the last 50 years investors were conditioned to hold anything but cash.
For the next 50 years investors will be conditioned to hold bitcoin over everything.