toxicbitcoiner on Nostr: The capstone of Fiat Standard appears to be that Bitcoin eats bonds. He directly ...

The capstone of Fiat Standard appears to be that Bitcoin eats bonds. He directly refutes Bhatia with that in this clip here.

quoting note1v0r…3laj

https://m.youtube.com/watch?v=2LuCV1N_z0U Saifedean seems to be the lone voice that disagrees. Here at 43:45, slides 26-34, he makes a case for why increased reservation demand for Bitcoin at the expense of reservation demand for bonds has a deflationary impact on fiat supply. Also to note, reduction in fiat demand doesn’t cause hyperinflation, only rapid fiat supply increases that are disconnected from credit creation. Highly under-viewed presentation.