Bessent needs 10 year bond rates low. Market doesn’t trust they won’t devalue $USD. Just add a little Bitcoin to the 10 year+ bond issuance (not to the short duration) and voila you threaded the needle. This is Saylor at nation state level. I don’t see another reason that they are moving so fast towards Bitcoin. It is the only boat with enough horsepower to get the U.S. out of the debt whirlpool that they are in. This kicks the can down the road for the $USD but it looks like the only solution that I can see without major political or societal consequences. If Bitcoin wins or loses this solves Bessent’s dilemma.
Wulfcool
npub14g36...d2rz
Midwest 🇺🇸 farm kid. Macro and mining enthusiast. Grateful for the worldwide Bitcoin community and committed to pushing it forward in my small corner of this world.
Notes (10)
Since Back doesn’t use NOSTR I figured I would get this posted as I thought it was a great analogy.
To most the developing world the U.S. dollar is the most stable and salable currency and access through Tether betters them. Wallets like Aqua that make $USD to $BTC easy was the next step. Now it is education. The rest of the world needs to start spreading the hope of Bitcoin. The best money is now available to everyone no restrictions. This is life changing. We are in a 🌍 wide phase shift.
Their debt is your greatest burden until you adopt Bitcoin then it becomes your greatest asset. ENDTHE FED!
Anyone use the Ledn B2X loan? I am contemplating taking a small loan out if we drop to mid $70s. As long as it goes back up 13% in 12 months it is a wash. 70% LTV at mid $70 range is sitting on a solid support of $58k gang.
The impact that fiat money has had on society is staggering and almost overwhelming. Once you understand it, you see its influence and impact everywhere. You detest it and that is when the learning starts because the need for a cure is no longer theoretical it is a necessity. There is no turning back once you have seen the face of the devil.
Just in case you needed a reminder of “why” Bitcoin will win. This is not a battle to pump your bags this is a battle for a more prosperous future for all humanity. Where the leeches of debt and debasement are put to death. This is the future I want for my children. I am “all in”!
“What is money?” Is the beginning of the real rabbit hole. - Parker Lewis
To anyone that followed or zapped me the last couple days I am grateful! I am going to work on settibg up a node tonight 🫡 Likely going to recruit my 12 year old son help….train’em young. Bible, Austrian Economics, Bitcoin and Nostr. Am I missing something?
Where are all the 20 year old girls in bikinis liking my posts? On Twitter these are the majority of my likes and replies. Maybe I am not as popular as I thought 😂