Excellent post mate! I guess an alternate ending to this story might be the gov't introduction of CBDC as replacement for broken dollar in a "great reset". It seems they're already going hard after bitcoin as a potential competitor for CBDC via Operation Chokepoint, no?
US Government debt-to-GDP increased by 29% in 10 years (trading view chart). Imagine the impact a 1% allocation to BTC would have had in that time frame.
Would have loved a sub-section under point 3:
1) Spending cuts
2) Increased Taxes
3) Inflate the debt away
3a) Government convergence toward hard money by taking advantage of inflation
BTC shrinks the event horizon. Love the article Jesse!
Great work Jesse, do you have an opinion on how long this crisis will take to unfold? Or how far off a hyper inflationary economic environment is? Thanks
Excellent post mate! I guess an alternate ending to this story might be the gov't introduction of CBDC as replacement for broken dollar in a "great reset". It seems they're already going hard after bitcoin as a potential competitor for CBDC via Operation Chokepoint, no?
Another absolute banger Jesse - my conviction gets stronger every time!
US Government debt-to-GDP increased by 29% in 10 years (trading view chart). Imagine the impact a 1% allocation to BTC would have had in that time frame.
Would have loved a sub-section under point 3:
1) Spending cuts
2) Increased Taxes
3) Inflate the debt away
3a) Government convergence toward hard money by taking advantage of inflation
BTC shrinks the event horizon. Love the article Jesse!
“This is why, since 1800, in 51 out of 52 cases where a country’s debt-to-GDP ratio reached 130%, the country eventually defaulted.”
Respectfully, that's not true. In fact there are ten countries in the world right now with Debt-to-GDP ratios >= 130%, plus the USA on 129%.
https://tradingeconomics.com/country-list/government-debt-to-gdp
Great work Jesse, do you have an opinion on how long this crisis will take to unfold? Or how far off a hyper inflationary economic environment is? Thanks