The Three Reasons Why a Banking Crisis Is Deflationary

Bitcoin is the only monetary instrument in the history of our species that is fixed. It does not matter how much more demand comes into the asset class. Kelly, no one will ever be able to make more of it. There are two things I can guarantee you in my life. One that I'll die and the other that there will only ever be 21 million Bitcoin. Those are what's the two things that I can only value as my life and my Bitcoin. So yeah, those three reasons are exactly why a banking crisis is deflationary. However, Bitcoin is a hedge against deflation and counterparty risk which Jack doesn't get into here.