willcole on Nostr: The Swiss central bank prints francs and buys US equities, essentially for free. ...
The Swiss central bank prints francs and buys US equities, essentially for free. Which country buys bitcoin next doesn’t really matter. Which of 5 central banks with an in demand currency follows the Swiss model by debasing in secret, and obtaining bitcoin does matter. Only one will get away with it, and the price of bitcoin is inconsequential to this ultimate speculative attack. Knowing this is the most likely end game is why I’ve never sold any bitcoin.
https://mises.org/power-market/swiss-national-banks-us-stocks-150-billion-and-countingPublished at
2024-02-29 05:35:17Event JSON
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"content": "The Swiss central bank prints francs and buys US equities, essentially for free. Which country buys bitcoin next doesn’t really matter. Which of 5 central banks with an in demand currency follows the Swiss model by debasing in secret, and obtaining bitcoin does matter. Only one will get away with it, and the price of bitcoin is inconsequential to this ultimate speculative attack. Knowing this is the most likely end game is why I’ve never sold any bitcoin. \n\nhttps://mises.org/power-market/swiss-national-banks-us-stocks-150-billion-and-counting",
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