2 years ago

322

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In this video, I discuss what the future may look like on a Bitcoin standard.

A Bitcoin standard should bring prosperity similar to what the gold standard brought to 19th century America. Freed from the ravages of inflation, US standards of living rose and were enabled by technological innovations.

Since the founding of the Federal Reserve in 1913, deflationary tech has clashed with central bank monetary policy which seeks to create more inflation, as a form of stealth taxation.

Technology is inherently deflationary, which is a good thing, unless you happen to be suffering from a large debt load, like the 21st century US government.

If Bitcoin wins, it will usher in a new era of unparalleled prosperity and human flourishing.

Not investment advice! Consult a financial advisor.

What Is Bitcoin's Ultimate Price Target?
https://www.youtube.com/watch?v=1ugK2waqCqM&ab_channel=TraderUniversity

US inflation from 1789 to 1913:
https://www.officialdata.org/us/inflation/1789?endYear=1913&amount=1

Modern CPI inflation:
https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm

US dollar devaluation since the founding of the Federal Reserve:
https://cdn.howmuch.net/articles/Rise-and-Fall-of-the-USD-64c2.jpg

US debt clock:
https://www.usdebtclock.org/

The Price of Tomorrow:
https://www.goodreads.com/en/book/show/50157837

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#bitcoin
#deflation

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