It is kind of funny how so many bitcoiners worship that dweeb as some kind of a god (and even frequently reinterpret benevolent or well-intentioned or even 5-D chess meanings into his statements), but on the regular he either says a lot of pretty dumb shit or he is so obviously over-the-top when it comes to his narcissism.
Still, after watching Trump's talk at the Bitcoin Conference 2024, even if only a fraction of what he promised would come to pass I think it would be great for Bitcoin, and as a foreigner and holder that means more to me than other issues. Worst case, all of the promises he made are neglected or outvoted, even the fact that he just showed up at the Bitcoin Conference meant something.
--- EDIT: Not related to Trump below. ---
Overall, as inflation increases (with the threat of hyperinflation looming) in current fractional reserve banking system, considering the volume of debt and interest involved for many countries, holding Bitcoin might be the only solution for governments to slow down inflation where BTC has the potential to outperform the interest from debt. I don't know exactly how that Bitcoin financial construct would look like in the end, but either way it's the most bullish proposition I can think of at the moment, guaranteed CCMF to the moon! Think "Fort Knox" with Bitcoin.
To inflation has a very simple cause. Human demand keeps growing and all the worlds assets don’t grow.
IE. I was 7 in 1964 there were 2.5 billion people. an equal devision of peopl to earth 🌎 gave each person
1 acre of fresh water 12 acres of land and 36 acres of ocean.
in 2024 there are 8.1 billion people giving under ⅓ acres of fresh water under 4 acres of land and under 12 acres of ocean.
this is the driving force of inflation demand grows like mad and resources are constant.
yeah tech (bitcoin ,computers ) can help use the fixed resources better. but they are not making more earth
ie
earth real working space travel could mean more resources.
a dead solid really good pandemic could shrink the population to say 4 billion
those are direct fixes as one lowers demand one raises supply.
Bitcoin or any crypto is a patch not a fix.
oh another great fix would be only oral sex for five years in a row. worldwide which would lower demand.
also it would prove humans actually are more then simple animals.
all my fixes will likely not happen.
the fed will likely crash the economy
trump will likely win if the economy crashes.
trump will likely muddle around for four years.
the dollar will likely suffer.
btc may be the best hedge.
I have four investments
real estate
a bond based 401k
btc
silver.