We’re on the precipice of a monetary regime change where central bank confidence is eviscerated.
Theoretically, BTC should shine due to its scarcity. But as it stands it wont
And the real monetary oracles will continue to beat the gold drum when this comes to bear
It's still being lumped in with the 99% of other shitcoins and real money doesn't consider it a macro hedge.
The only way BTC performs well during the next crisis, is if a priori people understand it as an important monetary diversification tool and as a macro hedge
Swiss bank in your pocket narrative won’t do it either. It needs to be properly presented and understood as a scarce asset immune to monetary manipulation
@saifedean’s bitcoin standard is a great first step. We need more similar economic / macro proselytizing
The "new internet narrative" is confusing
People need a new form of money. Let's take one step at a time
There's a chicken & egg problem too--BTC in a way needs to first survive a crisis for it to be a crisis hedge.
For it to survive the first, the narrative needs to be bootstrapped by its holders
BTCers need to be extremely proactive about this narrative and somehow break it out of the telegram / twitter echochamber