MarkHarvey on Nostr: This is the most bullish #Bitcoin chart anywhere on the internet. The world is ...
This is the most bullish #Bitcoin chart anywhere on the internet.
The world is massively short dollars.
From Parker Lewis article, Bitcoin is Not a Hedge:
“Today, there is approximately $92 trillion in dollar-denominated debt in the U.S. credit system but there are “only” $9 trillion actual dollars. Despite the money supply having increased by nearly 10x since before the financial crisis, there remains over $10 of dollar-denominated debt for every dollar that exists today. Only dollars can pay dollar-denominated debt and in this context, dollar debt only includes the most vanilla of anything that could be considered debt; bonafide fixed maturity, fixed liability debt as estimated and reported by the Fed. Mortgages, credit card, student loan, auto loan, bank debt, corporate bonds and federal, state and local government debt, etc. It does not include estimates of unfunded pension liabilities or derivatives of debt–merely a fixed amount of dollars owed at a defined future point in time. The Fed may have massively increased the supply of dollars, but the world is still short dollars, dollars which are owed and must be demanded in the future to repay existing debt obligations.”
Full article: https://bitcoiner.ghost.io/bitcoin-is-not-a-hedge/
The world is massively short dollars.
From Parker Lewis article, Bitcoin is Not a Hedge:
“Today, there is approximately $92 trillion in dollar-denominated debt in the U.S. credit system but there are “only” $9 trillion actual dollars. Despite the money supply having increased by nearly 10x since before the financial crisis, there remains over $10 of dollar-denominated debt for every dollar that exists today. Only dollars can pay dollar-denominated debt and in this context, dollar debt only includes the most vanilla of anything that could be considered debt; bonafide fixed maturity, fixed liability debt as estimated and reported by the Fed. Mortgages, credit card, student loan, auto loan, bank debt, corporate bonds and federal, state and local government debt, etc. It does not include estimates of unfunded pension liabilities or derivatives of debt–merely a fixed amount of dollars owed at a defined future point in time. The Fed may have massively increased the supply of dollars, but the world is still short dollars, dollars which are owed and must be demanded in the future to repay existing debt obligations.”
Full article: https://bitcoiner.ghost.io/bitcoin-is-not-a-hedge/