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If the United States were a serious country, it'd be:
• incentivizing births with 0% property tax after 4 kids
• subsidizing single-family home construction
• laying off 70% of government employees
• allowing free-floating interest rates
• slashing income tax to 0%
They say #Bitcoin and #Gold have no nationality.
But for Gold Russia, China and Australia dominate the flood of new supply which is growing exponentially.
Data:
@OurWorldInData@CambridgeAltFin
Now that the monetary inflation rate of #Bitcoin has dropped below #Gold, it will be interesting to see if its market cap will exceed gold according to the stock to flow thesis.
In my view BTC will lag its S2F valuation by 5-10 years, the world simply doesn't move quickly. Custody infrastructure, regulations, trading instruments, asset manager acceptance all takes time.