The Wolf Den #478 - Escaping Inflation
Bitcoin Thoughts And Analysis
Nothing to see here. The levels have not changed. No reason to overanalyze.
What Is Stagflation?
The term "stagflation" is making the rounds, with many assuming that this is what will happen over the coming years. What is stagflation and why does it matter?
Investopedia defines stagflation as - slow economic growth and relatively high unemployment—or economic stagnation—which is at the same time accompanied by rising prices (i.e. inflation).
It can also be thought of as stagnant inflation with a decrease in GDP.
Much of what we know about stagflation stems back to the 70s. You have probably seen recent headlines comparing our current situation to a time decades ago. The headlines look something like this: "Inflation Hit New 40-Year High" or "Inflation Numbers Approaching Highs Not Seen Since 1981." During the 70s, inflation hit unprecedented levels as GDP fell.
With prices rising and salaries unable to keep up, hard-working Americans are hit the hardest. Their increase in earning rarely outpaces the increase in the price of goods, and it usually lasts for years.
Our current macro-economic backdrop certainly isn't helping, and recovering from stagflation is no easy task. Fighting inflation and the political risks involved is a recipe for deep corrections and division. It's hard to count on the Fed to save us from the disaster they started.
Bitcoin Is For Psychopaths
According to this reliable and groundbreaking research, we are all psychopaths! According to this study designed to, "uncover the personality traits that are most common among crypto nuts" the average Bitcoiner is "a calculating psychopath with an inflated ego."
Ridiculous.
500 random people were surveyed and the study found that many investors exhibit signs of "narcissism, Machiavellianism, psychopathy, and sadism" - how delightful. It's crazy to think that investing your time, energy, and money into a free and open-source monetary system turns us into evil lunatics, but I guess that's the truth because science says so.
Be right back, going to do some psychopath things now, whatever those may be.
Merge Delay
In typical Ethereum fashion, the Merge is once again delayed. Once rumored to come this June, it looks like Q3/Q4 is the new target date. As annoying as delays are, progress is still being made and the preparation is being done right. Those are good things! For ETH holders, the delay could be a good thing if the market recovers in the meantime. Merge + bull market = high prices.
Elon Musk Offers $43B For Twitter. All Of It.
There it is. Elon Musk has filed an offer to buy Twitter in its entirety, at a significant premium over the current share price.
"The world’s richest person will offer $54.20 per share in cash, representing a 54% premium over the Jan. 28 closing price and a valuation of about $43 billion. The social media company’s shares soared 18% in pre-market trading."
This will be fun to watch.
The Wolf Of All Streets Podcast Ft. Max Keiser
Probably the most explicit episode on The Wolf Of All Streets, guest Max Keiser takes us on a wild ride. American broadcaster and filmmaker, host of the Keiser Report, and longtime Bitcoin advocate — Max is at the forefront of the Bitcoin revolution. He joined us at Bitcoin Miami to discuss the incredible speed of Bitcoin adoption, his views on some powerful politicians, and what the world will look like when Bitcoin becomes a global currency. Oh, and how buying Bitcoin gives you bigger cajones. You’ll have to listen to hear that logic.
In this episode with Max Keiser, we discussed:
What it’s like in El Salvador and updates on the Keiser Report
The incredible speed of Bitcoin adoption
Concerns about Bitcoin’s growth
The Billionaire Playbook
The 7 Network Effects of Bitcoin by Trace Mayer
Bitcoin as a commodity
Hey Elizabeth Warren pull your head out of your ass
Erica Rhodes, we’re rooting for you
How is El Salvador a threat to the U.S. dollar?
China and the Ming Dynasty
What does the world look like when Bitcoin becomes a global currency?
Decentralization breeds decentralization
Free speech will make a comeback but the ball-less bull will not
Buy Bitcoin. It’s like having balls.
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