Thread by @Mattes55

A 🧵 for the #BTC bear market:
Fifty years ago, unelected bankers stole the people's money (gold) and gave them paper. Fifty years is the blink of an eye in terms of monetary history. The system is unraveling before our eyes.

2/ It makes zero sense to have a handful of people making economic decisions that impact the lives of billions in the dollar hegemony system. The dollar's store of value, the US Treasury, has waining demand and with explosive deficits, inflation is not going anywhere.

3/ Even more terrifying is central bank digital currencies (CBDC) are coming. These monstrosities will watch your every financial move. What's worse, it can be used to shape your behavior to that of the planners. They could allocate you only a certain amount of fuel, for ex.

4/ What is more, outside of the western / dollar hegemony, the majority of the world lives under regimes with no property rights and an unstable currency. Billions of people are unbanked and have no financial security.

5/ When people say #BTC has no value or use, they scarcely understand any of these issues. We do not have good money. Gold failed because it is physical and cumbersome. Fiat is being debased and it can be censored. #Bitcoin is the solution to the biggest problem facing the world.