Super interesting speculation of @vol_christopher in interview with @profplum99:
The Fed and US govt may be allowing bitcoin to freely run right now because it absorbs a trillion dollars preventing real estate and other assets from skyrocketing, smoothing stimulus fallout.
The Fed and US govt may be allowing bitcoin to freely run right now because it absorbs a trillion dollars preventing real estate and other assets from skyrocketing, smoothing stimulus fallout.
He suggests they see this as helping to calm political instability and civil unrest that would otherwise occur from skyrocketing prices in things that are not merely speculative instruments.
He also suggests that at some point in the future if we have stagflation they could ban BTC as a tool of monetary policy to release the trillion (or I would imagine by then $10 trillion).
However, that strikes me as them playing with fire. At some point BTC is “too big to ban.”
However, that strikes me as them playing with fire. At some point BTC is “too big to ban.”
(Video behind membership wall)
realvision.com/shows/mike-gre…
realvision.com/shows/mike-gre…
• • •
Missing some Tweet in this thread? You can try to
force a refresh
