/biz/ - Business & Finance

>>19145892
This
Tether for example is even a fiat of a fiat

>>19144662
Brett hasn't accounted for shit here
He says as much in his talk that there is no infrastructure for the world to flee into
As he says, are you gonna hold the euro?
(just lol) are you gonna hold international bonds with their negative interest rates? Japanese yen with their ATH still back in the 90s? Chinese yuan with their blatant manipulation against their own currency's value? Negatively priced oil?

The only thing he says that is bullish for any asset class other than the dollar and its associates like the us stock market, is that when this big ol' short squeeze happens as it is likely unfolding now, the haven-seeking capital will flow to the most liquid, stable supplied asset on the planet which is gold
However, before this happens it will all flow through the dollar
And furthermore what happens if the Fed opens the floodgates like it's doing now instead of closing them with quantitative tightening and raising interest rates like it was doing with Brett gave the talk?
He says somewhere in there "I don't see the Fed [lowering rates] for some time now" (paraphrasing) and welp, look where we are now

I unironically think both scenarios are bullish for Bitcoin since during the liquidity crisis in March Bitcoin fell a shit ton, but once liquidity was back it mooned again
More dollar liquidity seems to mean people will be retards and shovel their money into Bitcoin, so how can the dollar weakening also help it?
This is where I think that by the time the USD is ready to crash, the infrastructure might have been built up enough to make gold look like a stupid alternative to what does essentially the same thing but online, Bitcoin

But really that last claim is mostly speculation and I'm kind of out of my depth in forecasting such broad scale transformations
On the remote chance it does happen though, we're gonna be fucking RICH

Sorry not sorry for wall of text
>Pic related: Satoshi Nakamoto

>>18801722
As a fellow millionaire I say good for him making money, but this kind of shit is gay af.