The Professor underestimating Bitcoin as a fiat substitute:
Rogoff:
“History has repeatedly shown that no private-sector currency can expect to win at a game in which governments make the rules.”
“The long history of money shows that each time a new private sector innovation or refinement comes along, the government will eventually steal it [assume he means CBDC] or regulate it into submission.”
Rogoff badly misjudges Bitcoin and it’s strength as a monetary weapon. Ken, governments aren’t going to have a say in the mattter. That is the entire point! Read em and weep. We win, you lose. It’s just math and code. There will be no need for Economists where we are going. 😉
@krogoff
This week, a key Democrat ushered two extremely pro-Bitcoin bills towards a unanimous vote in the California Assembly.
Massive wins. The world is changing rapidly.
The 4th largest economy in the world has arrived.
IMF,
Debate me live and explain why your Bitcoin position goes against every recommendation by every country & company in the world seeking GREATER STABILITY in a world of fiat bankers like yourself pushing EXTREMELY UNSTABLE fiat money.
The Governor of Texas just posted this article on his X account. The piece praises the SBR movement and calls the Governor an “avowed supporter of cryptocurrency.”
He’s definitely signing SBR into law.
This is REALLY bad for GOLD. Scientists can literally recreate Gold in a lab and this makes Gold no longer scarce.
For those that think I am being alarmist or dramatic, study the Diamond chart since the same thing happened and scientists created lab grown diamonds.
Neither the human eye nor with a mag glass can tell the difference and the cost is about 1% of the original.
Once people realize this, there will be a huge shift into Bitcoin.
The new generation of BITCOIN AI-financially engineered securities (Saylor & Vivek) are citing Bitcoin’s 50% compounding rate as the ‘Hurdle Rate’
This obsolesces every fund & hedge fund manager in the world. They all use T-bill rates, inflation rates, market avg. rates, and historical benchmarks as hurdle rates —- that are 5 - 35%
The Bitcoin Hurdle Rate crowd is making a play for $400 trillion in investable funds globally — and will succeed in capturing those funds during this cycle.
$2,200,000 in play.
JUST IN: MAYOR OF VANCOUVER, CANADA, SAYS IT WOULD BE "FINANCIALLY IRRESPONSIBLE" FOR THE CITY NOT TO BUY #BITCOIN
BTC COULD FUND THE CITY FOR "THE NEXT 100 YEARS." "I WILL DIE ON THIS HILL." 🔥
BREAKING: NEW HAMPSHIRE JUST BECAME THE 1ST US STATE TO ESTABLISH A STRATEGIC #BITCOIN RESERVE
THE GOVERNOR JUST SIGNED HB 302 INTO LAW
AMERICA IS BUYING BTC. HISTORY 🚀