Michael on Nostr: The question isn't how long can you borrow USD against BTC. The question is how long ...
The question isn't how long can you borrow USD against BTC. The question is how long until no one wants to trade work or goods for USD?
When the US Government is Buying BTC, everyone will ask themselves "why am I buying treasures if US Gov is betting on debasement."
Treasury market goes almost no bid, Fed buys all that are needed to stabilize.
Large entities realize paper money isn't worth much and rush to BTC for payment of large orders of high demand items (oil, uranium, airplanes, etc)
When the US Government continues to run uncontrolled deficit and no one is Buying their treasures, they are forced to sell their BTC, not to pay off debt, but just to operate. Realizing how hosed they are 6102 V2 on BTC.
If we don't fix the spending problem BTC won't save us.
When the US Government is Buying BTC, everyone will ask themselves "why am I buying treasures if US Gov is betting on debasement."
Treasury market goes almost no bid, Fed buys all that are needed to stabilize.
Large entities realize paper money isn't worth much and rush to BTC for payment of large orders of high demand items (oil, uranium, airplanes, etc)
When the US Government continues to run uncontrolled deficit and no one is Buying their treasures, they are forced to sell their BTC, not to pay off debt, but just to operate. Realizing how hosed they are 6102 V2 on BTC.
If we don't fix the spending problem BTC won't save us.