Remember my Bitcoin life raft video? It was prompted by talk from the IMF of a new Bretton Woods. Well, here is Janet Yellen talking of the same. The general idea, as far as I understand, is a global fiscal initiative to drive concerted global growth, whilst keeping FX stable.
https://twitter.com/SecYellen/status/1379095778220777472
But, keeping all FX rates stable while undertaking huge fiscal spending doesn't protect all of the fiat currencies combined from debasement.
Debasement is the enemy, and an overhaul of the global economy is the prize. It's a fine line.
We can hedge the risk with Bitcoin.
Debasement is the enemy, and an overhaul of the global economy is the prize. It's a fine line.
We can hedge the risk with Bitcoin.
And global growth could be unexpected prize as stimulus drives economies to modernise, digitise and re-tool for the future. It is possible but far from certain.
But I think the bet of BTC + Technology investing (including digital assets) will be the best way to prosper.
But I think the bet of BTC + Technology investing (including digital assets) will be the best way to prosper.
The Fourth Turning is upon us.
Expect everything to change.
I get the feeling the next 10 years will be nothing like the last 30 years and the asymmetric risks are now skewed to the upside and not downside, but downside risks are not eliminated, of course...
Expect everything to change.
I get the feeling the next 10 years will be nothing like the last 30 years and the asymmetric risks are now skewed to the upside and not downside, but downside risks are not eliminated, of course...
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