First key take away is that inflation is really a relative measure, and poorly expressed through the CPI.
Real inflation rates are much worse than they appear & the cost of your capital is not being compensated adequately by traditional investments like bonds and real estate.
MicroStrategy found an interesting way to obtain a loan and buy Bitcoin with it in a way that takes advantage of the inflation hedge, control downside risk, and bet on the future.
“There is no 5 year timeframe in which Bitcoin underperformed.”
If MicroStrategy can do it, similar strategies will start to become attractive to successively bigger and bigger companies.
As Bitcoin grows, we may see Apple, Google, and Tesla take on such strategies. Super bullish for Bitcoin.
“There is $5T in corporate treasuries.”
Underpinning this discussions are some assumptions about the scalability of the Bitcoin network.
Similar theses could later apply to $ETH or other well-known digital assets, which can serve adjacent scalability, privacy, and utility use cases.
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2/Some say that NFTs “shouldn’t be” liquid, yet the innovation process continues.
Just like photography has become much easier to create in the last 100 years, liquid NFTs will surely bring down price points of tokenized digital content but will also open expansive new markets.
3/The key observation is this: #NFTLiquidity is merely a technical problem for #DeFi, and the entire set of economic mechanisms is its solution space.
👉🏻 In particular, because of tokenization, *the NFT liquidity problem reduces to the NFT price discovery problem.*