BTC since 2017. The Sovereign Stack is forming: Bitcoin as base-layer trust, tokenized assets as programmable capital. The old balance sheet is dissolving.
The move from $16,000 to $126,000 to $60,000 was not a full cycle move. It was just a re-basing before the actual bull run. The actual bull run will take us from $60,000 to at least the $315,000 area. It will correspond with an actual economic and business cycle. Newbs will see.
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The market doesn’t yet understand fiscal dominance as a binding constraint. The market is pricing Warsh’s preferences (smaller balance sheet, higher real rates, monetary discipline) as if those preferences are implementable in the current fiscal environment. They’re treating his nomination as a policy signal when it’s actually a personnel change operating within a system that has already lost the ability to sustain genuine tightening.
@Thymbraeus@nicksnaxx19@Samueliuski@darwintojesus If prophecy were human projection, it would collapse over time. What’s striking is that it doesn’t. It keeps converging, against human expectation.
I wish you the best.