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21 sats \ 3 replies \ @elvismercury 14 Jun \ on: Anthony Pompliano set to launch bitcoin-buying vehicle, raising $750m bitcoin
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when you see pomp making the rounds....yes.
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even the bulls have to be getting nauseous by now, but this is all debt fueled: sell equity to people who buy it by taking on debt and take on your own debt, which is provided by other debt-rich folk, and buy bitcoin. i don't see a fundamental reason why it'd stop soon - it's not like housing or something that's grounded in the utility of shelter and shelter-needers run out - the ground never runs out.
afaict either interest rates would need to go crazy high (which they won't) or we'll need some bitcoin-side catastrophe (like an exchange default or something).