Window Cleaning Contributer
Read Rat-Race Escape!
- Aug 16, 2022
I personally look at it in a overly simple way: Bitcoin used to be 60k and that was not ridiculus so its gonna go there again. Its also a asset that here to stay, whatever its value will be.Prominent thought leader Balaji predicting $1M/BTC over the next 90 days as the USD apparently loses hegemony and spirals into hyperinflation (lol?)
BTC up 36% over the last week.
Is BTC fulfilling it's prophecy as the debt bubble collapses? Or does this recent pump serve as exit liquidity before an impending deflationary cycle with the US weaponizing the USD?
Topics to explore:
- BTC as a hedge against hyperinflation
- Multi-polar world, USD hegemony, and the role of BTC
- The nature of risk assets vs BTC
- Inflation vs Deflation
- Federal Reserve saving financial institutions vs saving USD hegemon status
- The fate of altcoins vs the rise of BTC
People said btc is overpriced when it was 700. In the end its a complex adaptive system and there is no real way to accuratly predict what will happen. My guess is related to basic economic theory - a economy will generally grow over a long enough time horizon and after a crash usually comes a rise sooner or later.
Again this is coming from a 18 year old with 400€ in crypto so please dont take this for anything else than a display of my thoughts on the matter.
Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.