rich1.0sourcenode wrotesourcenode (npub1jf…zt047)https://nostr.now/npub1jfn4ghffz7uq7urllk6y4rle0yvz26800w4qfmn4dv0sr48rdz9qyzt047njumphttps://nostr.nowThis created some good conversations, but I've already found the solution to my concern.
Money printing in any country eventually drives up all international assets, not just those in the home country. The world isn't what it used to be when fiat began. It used to be difficult to invest abroad, now it can be done with the click of a button.
The US arguably has the largest advantage there by a large margin. Unless something big changes soon, dollar milkshake still seems to be the most likely direction for the medium term. Once everyone realizes they are getting cucked by the dollar, bitcoin will be ready to do its thing. There will be lots of volatility in the meantime.
This podcast has some great takes on this topic.
The Bitcoin Standard Podcast: 18. Deflation with Jeff Booth
Episode webpage: https://saifedean.com/podcast/
Media file: https://www.buzzsprout.com/1849151/episodes/9671339-18-deflation-with-jeff-booth.mp3
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