Post #1239983: This is a historic pump. Forget the price. On a day…
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This is a historic pump. Forget the price. On a day when bank stocks are in free fall, #Bitcoin is offering safe harbor to those fleeing debasement and counterparty risk. Satoshi's invention is working as intended.

This is a historic pump. Forget the price. On a day when bank stocks are in free fall, #Bitcoin is offering safe harbor to those fleeing debasement and counterparty risk. Satoshi's invention is working as intended.

Mar 13, 2023 04:46 PM |
stackhodler
Stackhodler @stackhodler
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👁 119 ♥ 0 ↻ 0 💬 0 🕒 2023-03-13 16:46 ▦ Pictures
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$31.8 Trillion in debt sounds bad until you realize it's more like $150 Trillion if you include unfunded Social Security and Medicare promises. #Bitcoin market cap is a mere $0.5 Trillion Infinite fiat vs. finite BTC. Don't overthink it. Russia is on the path towards mining #Bitcoin and using it for foreign settlements. They can't print dollars and buy external goods, but they can burn Russian gas to mine Bitcoin and buy external goods. Argentine inflation is over 100% How would you protect yourself in that environment? Dollars? Gold? Equities? #Bitcoin ? There's a clear winner. Performance since March 2020 Covid lows: Long term treasuries: -32% Gold: +27% S&P 500: +65% #Bitcoin +520% They have to print to prop up debt markets. You can't hide from volatility. Hold finite assets without counter-party risk. Switzerland is leading the way in European #Bitcoin adoption. Despite having a strong fiat currency, the Swiss want sound money A bank owned by the Swiss government will soon allow customers to buy #Bitcoin Beautiful!!!

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