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re: Fed hides weekly M1 supply, says "money doesn't matter"
Posted on 4/8/21 at 8:17 am to slackster
Posted on 4/8/21 at 8:17 am to slackster
I obviously don’t share your faith in this entire fiat system as is currently constructed and its long term viability because I think people and institutions will choose to opt out of bonds in favor of stronger assets, but projections are hard and you may end up being correct.
You’ve seen me post here, so you probably know I think an asset class like BTC has the ability to gobble up treasury bonds in people’s and institutions’ portfolios. But even if it isn’t BTC, some other nonsovereign store of value that people trust more than the bond seems inevitable to me. I just personally think BTC is the most robust of these assets.
For the record, it’s not like I actually want to be right about this
You’ve seen me post here, so you probably know I think an asset class like BTC has the ability to gobble up treasury bonds in people’s and institutions’ portfolios. But even if it isn’t BTC, some other nonsovereign store of value that people trust more than the bond seems inevitable to me. I just personally think BTC is the most robust of these assets.
For the record, it’s not like I actually want to be right about this
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