Hard to describe my feeling as of late. A lot of people have been quite dismissive of coronavirus. Although I know a few of you guys are watching closely, and may be worried. I'm not TOO worried on a personal level, but it's becoming clearer by the day that this thing is gonna /1
have an impact on our world that is unlike anything most of us have ever experienced. The supply chain looks like it may slow to a trickle. Many people will struggle financially. I pray that social unrest will not set in, although it seems a near certainty in some areas. /2
So there's the whole economic and social side of this virus. That's not fun, and the uncertainty makes it hard to know how to react on a personal level. I would just say: Stay informed, and take care of yourself and your family. Don't feel bad at all for wanting to be prepared./3
And then we come to Bitcoin. Well, it's not like we didn't know that Bitcoin is built for this kind of rainy day. First, just a thought on Bitcoin's resilience during this time: I have been thinking a lot about this, and I really can't see any reason to fear for Bitcoin /4
through this. Mining is really decentralized at this point, and there is tons of hash in what I would consider to be very safe areas. I don't see any major disruptions to internet resulting from this, either. If anything, our physical separation will reinforce the need for /5
digital connection. So as far as L1 infra is concerned, I think we're fine. (Curious if anyone thinks differently, though). Anyway, so these thoughts bring me to the strange feeling/sensation of knowing what's going to happen. We see it already in gold, which is hitting highs /6
, even as the bond market rages and stocks are on fire. We're going to witness what happens when the "everything bubble" meets a global pandemic. The amount of money that's set to pour into hard assets, namely gold and Bitcoin, will be staggering. There's nothing like a virus /7
to shake people from their slumber. No more sleepwalking through the Fed's magical mystery land tour of central banker wokeness. When the rubber hits the road, all will become clear. People aren't going to sit there and let their money turn stagnant and rot in a stranded /8
cargo ship. People are going to want to protect themselves. So yeah, maybe this is how it goes down. I hope everyone out there stays safe -- and I still hope that my assessment of the still-emerging pandemic is wrong. But I won't be ashamed to say I did all I could to protect /9
my loved ones. Just be there to gently remind people about Bitcoin, as they snap out of their fiat news slumber over the coming weeks and months. Stay alert, stay safe all.❤️ /end
