3min chapter

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BCB104: JOE CONSORTI: Recession, Real Estate, Banks & Left Nipples (Macro Update)

Blue Collar Bitcoin

CHAPTER

Bitcoin: The Best Sponge for Global Liquidity

The idea that the Fed is going to save us because if they don't, financial system dries up and the world goes into absolute Armageddon just proliferates. Cycle after cycle, the Fed always intervenes in one way or another. Bitcoin has proven time and time again to just be the best sponge, the most porous sponge for global liquidity. And I'd encourage people who may be on the fence about that to go out and read a little bit about what Bitcoin is,. Why it's so secure, why the rules can't be changed; then figure out how to buy some of it.

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