BTC_for_Freedom on Nostr: How hyperbitcoinization will play out: 1. Rich people will lose trust in The Fed, ...
How hyperbitcoinization will play out:
1. Rich people will lose trust in The Fed, bonds, real estate, gold and USD
2. They’ll find out what Bitcoin is and get FOMO
3. They’ll buy the remaining BTCs on exchanges. Normies will also sell their coins for high prices to them thinking they can buy back cheaper later
4. Central Banks will print fiat to buy it which will create hyperinflation
5. After USD gets hyperinflation debt will be worthless, many businesses will go broke. The world will clean out everything that is not profitable. We’ll start from clean sheets with Satoshis as the new currency
These steps can last for months or up to five years. Your only job is to DCA and HODL!
1. Rich people will lose trust in The Fed, bonds, real estate, gold and USD
2. They’ll find out what Bitcoin is and get FOMO
3. They’ll buy the remaining BTCs on exchanges. Normies will also sell their coins for high prices to them thinking they can buy back cheaper later
4. Central Banks will print fiat to buy it which will create hyperinflation
5. After USD gets hyperinflation debt will be worthless, many businesses will go broke. The world will clean out everything that is not profitable. We’ll start from clean sheets with Satoshis as the new currency
These steps can last for months or up to five years. Your only job is to DCA and HODL!