zoom out 

 Can't see the forest for the trees 

 I agree 

 > The Fed’s balance sheet is back at August 2020 levels. Yes, you read that right. While bitcoin is partying like its “money printer go brr” time, the Fed’s balance sheet shows the exact opposite.

yeah but how much of the curent USD supply was added in 2020?

the dollars aren't everything, they flowed out into gold, platinum, uranium, stonks, real estate, and now they are going back into bitcoin

people aren't stupid

the dollar should be ~half the market cap of everything but it's almost always much more and then other things become media of exchange 

 I think there are a lot of wrong assumptions here. He is stating business is booming because of techstock prices. Construction in Germany is stalled, a lot of projects have been stopped things are dire. He states “At lower interest rates, banks lose the incentive to lend. At lower interest rates, the Treasury pumps less money into the economy as interest.” -> this is false. At high interests rates companies don’t want to ask loans. When interest rates go down all companies go and refinance their loans. I think there are a lot of reasonable comments but in the middle he commits one or 2 fallacies and reverts the script