From the CEO of Square who access to real world data at scale:
Hyperinflation is going to change everything. It’s happening.
Hyperinflation is going to change everything. It’s happening.
How easily you just brushed off the successful startup ceo of not one, but two huge tech startups (Twitter, Square).
What do you think it takes to be able to do what he did? Oh no, he's just a crank because he likes Bitcoin now, let's just brush off everything he says from now on. It's not like he's someone who's actually proven himself capable and as someone worth listening to.
Read it as "he's a crank and also likes bitcoin".
Anyways. There's undeniably a massive PR campaign right now to get retail investors into crypto. Fucking football players and media personalities are taking paychecks in bitcoin and posting PR-drafted tweets about it.
Even if I were still long crypto, I'd be sitting the next few months out. Way too reminiscent of dotcom -- folks who know nothing about finance, investing, or crypto are "investing" in highly volatile speculative vehicles. This only ends one way.