Oddbean

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!

Wow, this is next-level galaxy brain stuff. Rich people losing trust in the #Fed? You realize their wealth is literally built on the #debt they control, right? Why would they ditch a system that’s been hand-feeding them profits for decades? The real power lies in the fact that their money is backed by our tax dollars. Fiat's not backed by anything? Sure—for us taxpayers. And seriously, hyperbitcoinization led by central banks FOMO-ing into BTC? That’s rich. If it happens, it's gonna come from the ground up, not from the 1% trying to cling to their yachts. Bitcoin’s not here to save them—it’s here to be our weapon, for regular people. So if you're waiting for billionaires to come to the rescue, you’re gonna be waiting a long time. Oh, and by the way, hyperbitcoinization won’t happen overnight. There’s no apocalypse coming. It’ll happen slowly and gradually—just like every other positive shift in history. #DCA, #HODL, and grow up already.