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In his new book, "How Countries Go Broke" Ray Dalio states the core function of banks is to "match lenders and borrowers, earning a spread". I will add: "That function is being completely replaced by Bitcoin and DeFi." Banks are obsolete. 🧵
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AI is growing at 80%. Bitcoin at 40%. The US Debt at 8%. This is what it means in 10 years.
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Some will disagree, but I expect there will be intermediate breakthroughs in Quantum before Bitcoin public keys are broken. One way to incentivize this outcome is to post prizes for smaller cryptographic hacks. @saylor
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Barry Ritholz used to write a blog called “the big picture” The big picture is Bitcoin is going well past 1 million and AI changes everything. Act accordingly.
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Q: Why is Asset Inflation > CPI Inflation ? A: Money Supply grows at 8%. People can't spend it all. So they buy scarce assets.
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Senaste nytt
U.S. House Rule Changes Spark Controversy Over Legislative Process
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World Liberty Financial Issues Cease and Desist to Trump Token Company
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Bitcoin(BTC) Drops Below 103,000 USDT with a 2.26% Decrease in 24 Hours
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CME CEO Discusses Future of Cryptocurrency and Stablecoins
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James Wynn Faces Bitcoin Liquidation Worth $16.14 Million
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