Real estate is not in a bubble.
Stocks are not in a bubble.
Gold is not in a bubble.
#Bitcoin is not a bubble.
The currency we price said assets in is the bubble.
When the currency bubble begins to unwind, we misdirect toward asset prices and excuse new stimulus to keep it up.
Do you think this is a reasonable conclusion?
A flood is coming to the neighborhood.
You're "diversified" in it with multiple houses.
Flood insurance trading at $0.0025 on the dollar.
The only way to buy this insurance, however, is to smash the dam with a hammer.
99% of the town owns zero insurance.
See the problem yet?
#Bitcoin
All it took for #Bitcoin to trade up to $69,000 USD was a couple million hardcore holders that refused to sell their 90% of supply.
What happens when there are 500 million hardcore holders that refuse to sell the next 9%?
What about the last 4.5 billion over the last 1%?
Food for thought.
Nostr is interesting.
Has a way to go, but everyone is so nice here and the zaps is such a neat feature. I like it so far
Happy Nostr-ing and happy zapping!
The entire reason we diversify is because we don’t have thermodynamically sound money.
The entire reason we breed large animals for transport is because we don’t have a mass transit system.
The entire reason we kill whales for oil is because we don’t have mechanical luminosity.
What, what if #Bitcoin is not a symptom of the increasing speculation of an increasingly corrupted ledger?
What if Bitcoin is actually the solution & it’s doing exactly the opposite of what you would expect the world’s lowest risk asset to do?
