Many of you had to find Bitcoin to find yourselves; I had to find myself to find #Bitcoin. Going to do a thing…. 🔜

The end of empires is typically characterized by their defilement.

Re: the fiat flood Why does it feel like I'm emerging from the hull of the Titanic, screaming "there's a breach!" But the music on deck is blaring, everyone is drunk and binging on caviar, and no one heeds my screams of 'the ship is sinking!' All whilst I know there aren't enough life boats for all.

zerohedge @zerohedge “So the Fed is about to hike another 25bps, ensuring that the deposit exodus from small banks who can't match 5% rates accelerates, just as the Treasury guarantees all $18 trillion in deposits.” Sounds nefarious when framed this way, doesn’t it?

Pristine risk free collateral, they said (treasuries). Risk free eventually becomes risk full when the counterparty you’re lending to recklessly prints and spends. Unfortunately few are aware of the ramifications unfolding.

If we devolve into a hyper inflationary collapse, do you have enough 🌽? #bitcoin

X (formerly Twitter)

Balaji (@balajis) on X

Jack is right. And hyperinflation is happening — now. Buy Bitcoin and get your coins off exchanges.

So the fed has out $300bn on its balance sheet in the last week, erasing half its QT for the last 4 months. Balaji thinks we are about to devolve into a hyperinflationary collapse and spending $1m to ring the alarm so folks can get on the #Bitcoin ark. He is quoting @jack. He says in a digital age, hyperinflation can happen in hours. Buy Bitcoin and self custody it NOW. Can’t decide if he’s totally right or totally off his rocker.

Can’t help but this is all a distraction of a much bigger narrative playing out this week; a smoke screen if you will.

It’s sad because the banking, political issues are systemic and there is no one person who can fix it. The change has to come thru a total death and rebirth process, and that’s exactly what we are witnessing.

I see some folks going all into Bitcoin right now. What are the chances this bank run spreads Monday to other major banks? That we won’t be able to use fiat to buy corn 🌽 ? Asking for a friend.

Whatever happened to free markets

Will be interested to see whether TradFi will quickly find value in #Bitcoin when they realize what counter-party risk really means. 2023 doesn’t have the checkbook for bailouts that 2008 did.