Oddbean

how long would this theorized cycle last ? and why would it even occur if such high manipulation of debt is taking place ? I guess the last question could be answered by just saying every bubble must pop at some point but at the same time it could be very far away, do you believe it’s far away or closer than most think.. n why

I think it’s closer than most think. Probably within a decade, 15 years maximum. Although it’s very hard to say, since it depends on the mistakes and failures of others to truly occur. It would last until the majority of economic activity is denominated in Bitcoin. Realistically, this would probably be at least a 3 year transition once it begins in earnest. But it wouldn’t feel like a “cycle”, it would just feel like everything is collapsing except Bitcoin. Debt can be manipulated only so long. At some point, reality always has to return. In fact, the decades of manipulation will make the collapse all the more spectacular. Realistically, it’s smarter to sell Bitcoin now than it would be at 1M dollars. You can still get back in now. Once it hits ~1M dollars, it theoretically creates a feedback loop where it accelerates the collapse of fiat due to its superiority. You’re never getting back in after a certain point, no matter how many paper dollars you have. https://video.nostr.build/eda6380a141418d20a3d617b358b220cecfb6e57141eb654c515d0786f5d35c7.mp4

Good way of explaining it, I definitely agree with everything said here. I believe I’ve heard this before and it’s made sense to me specially when thinking about it happening 15-20 years from now without putting Quantum super computers in the picture, that would certainly change the timeline for me when thinking about this. But all in all I agree, let’s stack sats and hope for the best 🤝🫡