I saw an excellent writeup of what Milie was able to accomplish in Argentina. Elon and Vivek are apparently studying it quite closely. The cuts there were quite drastic. I do agree with you all this bullshit is built into the fiat system, and no way around that. There has to be inflation and money printing or else the fiat system is dead in its tracks. And they will continue to provide life support to this system. But I will also bet that if you cut the US budget by $500B, this likely has a multiplier effect on GDP. And this is the part that worries me. If you all of a sudden put 100k people or more out of work, all those jobs numbers stats get very bad, and that tends to crash markets.
Why do you say that? Im not sure this is where the future is headed, but if so dont you think 99K bitcoin will look relatively cheap? If something like this scenario plays out, and I really dont think it will to be honest, 90K is laughably low. Not too late for people at all
The world could get to the point that a small number of people have HUGE amounts of money... can afford any price for any thing. The things they want could be bid to extremes that others can't afford at all.. leaving the "others" with less and less buying power. Think about how that plays out.
The important thing to focus on is that from this point forward, everything will be so much more fair. When one entity cannot print money at will and give it to whoever they want, it means that everyone has to play by the same rules.
I figured as soon as others besides Johnarb mentioned MSTR it would fall. Down $170 from gap, interesting. It was after reading your post I wrote “I will avoid MSTR” https://www.elitetrader.com/et/threads/gba-presents-the-public-games.380376/page-573#post-6058691
As long as bitcoin increases, so should MSTR except for the dilution created from converting bonds to shares...the more convertible bonds they sell the more possible dilution. In a prolonged downturn, not only are you not going to see gains, but could experience significant losses as a shareholder...but that's no different than holding bitcoin. I imagine they would continue to raise money and buy cheap bitcoin in a downturn. As far as leverage being a problem, the bonds are un-secured...and I think they can redeem the bond if certain criteria are met at different timelines prior to maturity. https://blog.bitmex.com/microstrategy-bonds-can-mstr-get-liquidated/