Macro Hang #3 (and Bitcoin 2022 conference recap) w/ @JeffBooth @FossGregfoss @PrestonPysh
Bitcoin Rapid-Fire
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The Price of Bitqoin Is a Pittance
When credit starts to become impaired and starts to contract, what it's doing is removing those units from the system. And so when you're looking at the price of bitqoin, which is a pittance, im under a trillion in market cap relative to a thing that i would say is a quadrillion in comparison. That quadrillion is contracting, which is where i think were right onhe cost of maybe throwing a deflationary fit. Everything is very inflationary but that has limitations. As the price goes up, the demand for people, their capacity to spend starts going back. The symbiotic relationship with the way that people spend and the way that this credit is added into
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