WHY ARE WE BULLISH? Diamond Hands Never Sell! ep175
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Bitcoin and the Cantilian Effect of the Fiat System
If it's created across the board and distributed evenly based on who currently holds what money in the same percentage, then it's a zero sum game. But if it's created in the way that it is right now, where a unelected group of people decide how much new money is created...then that shifts the percentage of spending power differently than where it currently exists. And I'll give you a clue that percentage is not in favor of the lowest income individuals. It's not going to benefit them. We can prove this by looking at the continued growth in the wealth gap between the lowest and the highest earners in the country.
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