Oddbean new post about | logout
 No body can predict a negative 80% Bitcoib vs USD nor a plus 800%, I think USD and all other fiat and crypto currencies are hyperinflating against #Bitcoin rightnow, in most currencies we already reach the inflection point of massive swings up such as Argentina Pesos, Turkish Lira, bitcoin cash, Monero, etc. I think it's going to be more volatile from here only people with enoug conviction won't get shake-out of their #Bitcoin position. The volatility will likely be from the wealthy people or big institutions who will make big purchases for a quick trade, since there won't be much bitcoins on exchanges to absorb the shocks the price will move violently up and down.
We are on the verge of that inflection point with USD. USA is fighting multiple proxy-wars that they cannot afford, running massive deficits mainwhile the interest on their debt is exploding, interest that also need more money printing to be paid to avoid a default.
The hyperinflation in Weimar Republic happens in the last few years of a long inflation process, it wasn't a slow rise of the gold price over a long period of time but sudden and quick up down but average price was still up in the end. Have a good weekend!
 https://image.nostr.build/c93a1f89719b54ee970a0901e18112fd8843c3a6ee3c2be37f4cbfe89afcfbc7.jpg