If you think it’s too late to get into Bitcoin wait till you see what the USD has in store for you. Image
The deficit myth is a dose of not so “Modern” Monetary Theory yet the path has already been prescribed and socialist debt policies will decimate the economy.

More money juicing. The Fed has just started to work its way to the top of this parabola. Savings will evaporate like morning fog under the hot glare of the sun. Image
Real inflation in healthcare, education and basic living expenses will continue rising. Fractured supply chains and deglobalization drive the up price of many household goods. Yet your wages, stagnant.

If you think it’s too late to get into Bitcoin, then you’re all in on USDs. Good luck.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with O₿iWan

O₿iWan Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @ObiWanKenoBit

18 Nov
0/Bitcoin Bubbles

Each is a composite of individually foolish but collectively rational actions. Selfless and selfish cooperation emerges from the mania. The output of a higher order social and monetary network effect, they are Bitcoin’s self-realization mechanism. A thread ⤵️
1/Though the surge of the bubble is rooted in herd movement, the market is fundamentally one of singular individual choice. Participants undergo a psychological endurance trial as they seek to claim their stake of fewer and fewer bitcoins.
2/It is the manifestation of a desire to escape the devastation of our rent seeking economy. Magnetized by price movement, a subconscious mass movement forms & lurches towards an indistinct light, a glimmer of hope: release from the state’s tyranny, a chance for self-sovereignty.
Read 10 tweets
10 Nov
@CashApp will hold your bitcoins hostage.

Few understand this ⤵️
1/The next bull run has begun. Bitcoin has sprung from the 3Ks to 15K. The long awaited “institutions” are here building massive positions and beginning to publicly share their Bitcoin investment theses.
2/Despite the bear market opportunity and relative ease of self-custody many hold Bitcoin on exchanges and services. As the price 2X, 5X and 10Xs from here, newly minted Bitcoiners will find their bitcoins trapped.
Read 11 tweets
16 Aug
Bitcoin vs Gold (Part 2)

0/The gold standard was abandoned in 1971 & absolute control over the money supply handed to central banks. Yet despite gold’s new ATH and long held popular narratives, it cannot function as an adequate check against fiat. Thread ⤵️
1/Humans organically sought ways to communicate value in local trade circles and settled on a form of money. When trade expanded it met other local forms of money. These were corrupted through counterfeiting (Rai stones, glass beads) or adopted if it was better (gold).
2/Good money breeds trust which can be leveraged for personal and political gain. Rules were established to codify the good money. Yet those rule makers - those in power - clipped coins, debased currencies and/or outright printed money for personal benefit.
Read 17 tweets
6 Aug
0/Debt drives our world. It permeates every financial interaction, sits at the heart of an entire global economy. It feeds on itself, on us & consumes without producing. We sit at the apex of 100+ yrs of a grand experiment. Our debt construct is fracturing. What's next?
1/The Fed’s fix is a commitment to a tsunami of debt. It’s going to break its 2% inflation mandate and aim higher. And in order to do so money printing will reach epic levels to combat global devaluation and long term technology driven deflation.

bloomberg.com/opinion/articl…
2/The Federal Reserve does not want to make the “mistakes” of the Great Depression. In 2002 Ben Bernanke said:
Read 43 tweets
4 Jul
0/Enjoyed talking to Brady on the recent @citizenbitcoin podcast. We covered a lot of ground and I'd like to expand on a few of the topics we touched on and add some final thoughts ⤵️
1/Much of what we discussed can be found here in the original tweet thread.

Read 13 tweets
25 Jun
0/Two years ago I published “Hyperbitcoinization: Winner Takes All.” #Bitcoin's growth will continue unabated until it becomes a global standard. This thread reviews current macro trends supporting the thesis.

medium.com/coinmonks/hype…
2/Though the spot price seems to have hardly changed, this last year has further confirmed Bitcoin’s resiliency. It has moved closer to the forefront of monetary policy discussion.

Read 18 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!