36. Michael Saylor, stock-to-flow, and praxeology
The Bitcoin Standard Podcast
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The Evolution of the Bitcoin Price
Bitcoin remains the one constant in all of our personal utility calculations. At 4% supply growth and a stockpile worth 150 to 200 billion dollars at that kind of level 4% of inflation is something serious. This time around there's not enough infrastructure to be able to borrow in fiat against bitcoin which didn't previously exist so there's not extra incentive for people to never sell. Bitcoin has entered the monetary sweet spot where the new supply is just completely irrelevant to the market, he says.
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