One year ago..

One year ago I made a post on r/investing titled "How will the US pay back its debts which are becoming more expensive to own?". The overwhelming response? Inflate the debt away.

I used to be a traditional boglehead where I would just 100% VOO and chill. However, after researching about bitcoin and its nature being digital hard money it became obvious to me given the current trend of hyperinflation and continuous government spending.

I believe it is in the self interest of every central bank and every company to have bitcoin on their balance sheet. It's just fair accounting.

The value of US treasuries, which were once thought of as THE safe haven asset, have been killed by inflation. After Russia invaded Ukraine and got their assets filled with US treasuries frozen, sirens across all the central banks around the world were fired. The message? You don't own anything.

BRICS? What a joke. Does anyone realistically think that Russia trusts China? Or any of the countries? Sure they have a shared enemy. Maybe they share some aspects of ideology. But behind closed doors, none of them realistically trust each other to back a shared currency.

The solution is bitcoin. The value? An immutable distributed ledger that is scarce, digital, and #1 adopted. The world needs bitcoin.

People will slowly realize that the only reason the illusion of price stability exists is because the fed artificially sets it as such while the real value of your salary and the money in your savings are getting demolished. The number 1 export of the US is inflation. Sure, for a few economic cycles countries might just deal with it. But sooner or later they will realize that the wealth disparity between the asset owning rich and the cash earning middle and poor will drastically widen.

Do I think that bitcoin will be widely adopted as a currency? Maybe, probably not. Do I think bitcoin will be a key strategic asset in every major central bank's and companies' balance sheets? Yes.

Bitcoin is inevitable.

Positions: 90% BTC 10% MSTR