Bitcoin

I think institutional time preference is probably a lot longer than the average retail time preference as well. So I wouldn't be worried about any kind of dumps any in the next few years. At some point, if Bitcoin continues to do what it was built to do and increase in value, then why would you sell when you can take a loan out? Why swap a deflationary asset for an inflationary one that makes no sense? And actually, I've got a kid on the way in a few weeks here, although he may be born in April. We'll see.

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