🧵 Bitcoin will absolutely fix wealth inequality and rebuild the socio-economic ladder in this country and around the world.
Bitcoin will improve the lives of 1,000,000’s of working-class individuals by rebalancing the economy.
Top 4 improvements👇
In the current system, all worker's wages are debased by money printing. This lowers buying power and makes everything more expensive.
In a bitcoin world, ALL worker's wages will grow in value over time. Giving them more buying power and long-term financial stability.
Each year homes get more unaffordable for the “underprivileged” due to money debasement and the ultra-wealthy storing their value in real estate, artificially raising the prices.
Bitcoin will give UHNWI’s a place to park their wealth and make "saving" for a home possible again.
The US dollar as the reserve currency of the world makes all our exports more expensive. This has gutted good-paying, middle-class jobs. (Treffen Dilemma)
On a Bitcoin Standard, exports will cheaper. This will boost the country’s production and boost middle-class job creation.
College is overpriced for 2 reasons:
1. Debasement forces us to more education so we can outpace inflation.
2. Lack of good-paying middle-class jobs drives more people to college. (Supply vs Demand)
Bitcoin will fix this by reducing demand and ending monetary debasement.
There are many 2nd & 3rd order impacts that bitcoin will have on the US economy. Some say a new Renaissance is coming.
I agree and I believe the USA has more to gain than lose from a bitcoin standard. I believe it will fix many of the economic & societal problems we face today.
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