Tinsley on Nostr: I have a friend who works in traditional finance but also has a notable amount of his ...

I have a friend who works in traditional finance but also has a notable amount of his net worth in bitcoin. His main argument against going all in is his belief that the heads of our current financial system can continue to kick the can down the road for much longer before it implodes.

There’s no real argument against that opinion and past predictors of the end have all been wrong. I wouldn’t bet on it personally, but there’s always a chance they can keep the circus going for centuries.

The issue with not buying bitcoin because we think the government may be able to keep their charade going for much longer is in the thinking that it will function just fine until it abruptly ends.

The reality is that the system is harming those not close to the money printers more and more as time marches on. Each kick of the can (injected stimulus, more debt, new laws in favor of elites, etc.) causes the system to fail more people. You see this in the shrinking of the middle class. This is why Bitcoin has continued to rise in value as time has gone on. Bitcoin is not a futures bet that only cashes when fiat currencies implode, it’s an immediate escape as they continue to trend toward worthlessness.