bitcoin on Nostr: Balajis's #Bitcoin thesis 1. 2020 stimulus and easing led to inflation 2. High ...

Balajis's #Bitcoin  thesis

1. 2020 stimulus and easing led to inflation
2. High inflation led to higher interest rates
3. High interest rates mean bond prices fall
4. Falling bond prices led to bank insolvencies
5. Bank insolvencies lead to more stimulus and easing
6. Repeat