it has been mentioned in here before. it is not that bitcoin is getting more expensive but it is the shitty fiat that is already in hyper-inflation against bitcoin. since everyday regular stuff like food and consumer goods are so tangled up/interwoven in the fiat economy, those will also go into hyper-inflation vs fiat but they will be last.
we already see stocks decoupled from economic reality, rising and rising - despite of biggest global recession in history. they are not in hyper-inflation yet, but in inflation.
gold marking all time highs. historical. it is not in hyper-inflation yet, but inflating vs fiat for everyone to see.
real estate is getting absurdly expensive, same as luxury goods, and art.
they call it asset-price inflation, but in reality it is the beginning of a hyper-inflation shockwave.
the asset, that is the most decoupled from the fiat economy will get hit by the inflation first. which is of course bitcoin, a new decentralized asset class that is not controlled by central banks, banks and other traditional economic gate-keepers. because it is completely independent it will enter the hyper-inflation phase vs fiat first. and that will get very clear in the next run-up.
we will see a hyper-inflation event of varying velocities. that is the key my friends.
fiat money will not lose the battle against everything at once. it will lose battle after battle, well it is already losing battle after battle. the battle agains the hardest und most incorruptible money ever created - bitcoin - will be the first total defeat. the first unconditional surrender.
owning whole bitcoins is the best shield vs the inevitable collapse of the fiat system.
+1 WOsMerit
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thought it was Thursday
it was the tiki bar methinks..its all blurry..luckily it appears there is no permanent damage
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the noon wall report at 1:33pm
every once in awhile you get a sense that everything is pretty much working the way it should be
this is fine #dyor
3 day musings
#stronghands
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