@ChrisJBakke Wow, with Jack departing, the Twitter board collectively owns almost no shares! Objectively, their economic interests are simply not aligned with shareholders.
The five cohorts of #bitcoin investors:
Denier: It's a mirage too good to be true.
Skeptic: It's so good the government will ban it.
Trader: It’s an (un)correlated asset.
Technocrat: It’s a digital monetary network.
Maximalist: It’s economic empowerment for all.
Which are you?
Going to be harder for people to keep buying monkey pictures, #altcoins, and #bitcoin as inflation continues to soar. Food, rent, and fuel are all way more expensive and spending money on risky stuff is going to fall off.
The #Fed claims it will fight #inflation by raising interest rates to a neutral rate of 2.25% - 2.5% by year-end. But you can't fight inflation by being neutral. It requires tight money. Plus, 2.5% is not a neutral interest rate with an 8% inflation rate. It's highly stimulative!