One year ago..

One yr in the past I made a submit on r/investing titled "How will the US pay again its money owed which have gotten dearer to personal?". The overwhelming response? Inflate the debt away.

I was a conventional boglehead the place I might simply 100% VOO and chill. Nevertheless, after researching about bitcoin and its nature being digital exhausting cash it grew to become apparent to me given the present development of hyperinflation and steady authorities spending.

I imagine it’s within the self curiosity of each central financial institution and each firm to have bitcoin on their stability sheet. It's simply truthful accounting.

The worth of US treasuries, which have been as soon as regarded as THE protected haven asset, have been killed by inflation. After Russia invaded Ukraine and obtained their belongings crammed with US treasuries frozen, sirens throughout all of the central banks world wide have been fired. The message? You don't personal something.

BRICS? What a joke. Does anybody realistically suppose that Russia trusts China? Or any of the nations? Positive they’ve a shared enemy. Perhaps they share some elements of ideology. However behind closed doorways, none of them realistically belief one another to again a shared forex.

The answer is bitcoin. The worth? An immutable distributed ledger that’s scarce, digital, and #1 adopted. The world wants bitcoin.

Folks will slowly understand that the one cause the phantasm of worth stability exists is as a result of the fed artificially units it as such whereas the true worth of your wage and the cash in your financial savings are getting demolished. The #1 export of the US is inflation. Positive, for just a few financial cycles nations may simply cope with it. However eventually they’ll understand that the wealth disparity between the asset proudly owning wealthy and the money incomes center and poor will drastically widen.

Do I believe that bitcoin can be extensively adopted as a forex? Perhaps, in all probability not. Do I believe bitcoin can be a key strategic asset in each main central financial institution's and corporations' stability sheets? Sure.

Bitcoin is inevitable.

Positions: 90% BTC 10% MSTR