Good Morning from Germany, where financial assets are set to hit a record €10tn this year. 🇩🇪 But here is the catch: it’s not from growth, it’s from sheer grit. Germans have a 10%+ savings rate, yet only 10% is in equities. Most of that wealth is sitting in melting fiat or stagnant bank accounts. This is why I’m bullish on the people, not the government. Germans are world-class savers. They have the discipline; they just have the wrong tool. Once that "German Diligence" meets the hardest money on earth—Bitcoin—the wealth creation will be unstoppable. The potential is massive. Save in Sats, not debt. ⚡️. GM. image
My New Year's resolution is to use NOSTR everyday and Twitter never again. GM.
After 4 years of trying I was finally able to complete my reading challenge. 21 books. Funnily enough, this was number 21. Happy New Year Nostr. You're the best. image
Just finished listening to the latest banger from @jack mallers on what money is. Thinking about goods that are consumable and those that are not, you could say that money is the "grease" in the engine of the economy, while consumable goods are the "fuel" that the engine actually burns. GM.