It's actually not that complicated. 1. Printing money is easy and fixes things short term. So governments always do it. Left or Right. 2. The printed money grows faster than the economy, so it ends up in hard assets. 3. Until Bitcoin, that meant houses, stocks and gold. But these are all not easily movable. You can't zip some shares of Apple to your cousin in Mexico. Or your condo in NYC. Or your 3 gold bars. 4. Bitcoin is actually the perfect product market fit for the money printing problem. And its working amazing. Perfect Power Law. 1,000,000x since Oct 2010. 5. The power law comes with 80% vol. That means big corrections. But massive returns if you HODL. 6. All other crypto can't compete and are peddling false narratives ("greener", "world computer", "more quantum safe"). Ignore.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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