Do You Have Enough of โFuck You Moneyโ?
Dictionary defines it as โthe exact amount of money required in order to tell an individual or organization to go fuck themselves without facing repercussions.
#Bitcoin
โAt the early stage of the Big Debt Cycle, money is โhard,โ which means that it is a medium of exchange that is also a storehold of wealth that canโt easily be increased in supply, such as gold, silver, and more recently Bitcoin. Cryptocurrencies like #Bitcoin are now emerging as accepted hard currencies because they are widely accepted around the world and are limited in supply. The biggest, most common risk to money becoming an ineffective storehold of wealth is the risk that a lot of it will be created. Imagine having the ability to create money; who wouldnโt be tempted to do a lot of that? Those who can always are. That creates the Big Debt Cycle.โ
- Ray Dalio
[How Countries Go Broke: The Big Cycle]
