lucash.dev on Nostr: E.g. real estate has in fact bailed out the government for decades — by absorbing a ...
E.g. real estate has in fact bailed out the government for decades — by absorbing a huge share of newly printed dollars and making the devaluation of the dollar less apparent. Real estate bails out the government by absorbing inflation and risk.
Admittedly this is the opposite of the usual story. But fiat needs new money to be created non-stop to kick the can further down the road, and real estate buyers are (mostly inadvertently) bailing out the money printers by taking on that debt.
Perhaps the same will happen to crypto.
Newly printed dollars will flow into crypto (not just BTC, sorry but that’s just the way things are, the big battle of coins will come later).
BTC, ETH and others will appreciate at an astounding rate — and not as much of the new money will go into buying groceries or homes.
I believe crypto has in fact become “too big to fail” and regulators are starting to notice it.
They will fight with reality a bit more. But they can’t win.
Admittedly this is the opposite of the usual story. But fiat needs new money to be created non-stop to kick the can further down the road, and real estate buyers are (mostly inadvertently) bailing out the money printers by taking on that debt.
Perhaps the same will happen to crypto.
Newly printed dollars will flow into crypto (not just BTC, sorry but that’s just the way things are, the big battle of coins will come later).
BTC, ETH and others will appreciate at an astounding rate — and not as much of the new money will go into buying groceries or homes.
I believe crypto has in fact become “too big to fail” and regulators are starting to notice it.
They will fight with reality a bit more. But they can’t win.