Pinned Tweet
In honor of every VC posting their Airbnb rejection emails, here’s me rejecting an investment in BTC at $0.01 in 2009
Bitcoin is the only emerging technology that reduces the governments ability to surveil and control instead of increasing it
I just want bitcoin to go up so my friends are rich enough to start a citadel without covid restrictions
Brendan Bernstein retweeted
My latest in Coindesk. How the bailout(s) compromise the neutrality of money, and why that matters
coindesk.com/corporate-ameri…
Tweeting against the bailouts won’t fix the problem.
Capitalizing on the cantillon effect and rebalancing profits to bitcoin will.
Do your patriotic duty and siphon off as much of treasury funds as possible for the good of bitcoin.
This is about to be the market’s red pill that flows matter more than fundamentals.
Throw away your DCFs kids and hop on the pension and QE train.
The alpha is in front running “dumb” money, not in analyzing earnings transcripts.
Hypothetical:
- COVID-19 further along the curve than people expect
- uptick due to more tests, not just virality
- latent immunity from asymptomatic people
- antiviral treatments work better than expected
- economy back to normal faster than priced in
Half the UK may be infected. Translation, much more latent immunity and slower growth than expected
ft.com/content/5ff6469a-6dd8…
Ht @max_bronstein
Kashkari, thank you for being a bitcoin maximalist hellbent on the destruction of fiat currency.
You will go down as a hero alongside Satoshi, Yellen, Bernanke and Trump!
Brendan Bernstein retweeted
I had the immense pleasure of hopping on a call with @Jkylebass and @parkeralewis after the markets closed today to discuss the current chaos hitting the markets and the reaction needed to right the ship in the United States. Enjoy.
anchor.fm/tales-from-the-cry…
Counter scenario: surprise inflation
- Excessive optimism about absence of inflation
- US current account is analogous to Argentina, not Japan
- Foreigners no longer funding our debt
- All presidential candidates treating the fiscal budget like lotto winners treat their bounty
I still think the first scenario is more likely.
But surprising and uncontrollable inflation is a possibility -- especially when it's not priced in and people are dumping cash into bonds at negative yields.