100 sats \ 1 reply \ @TheBTCManual 29 Oct 2023 \ on: The Hyperinflation Tax bitcoin
Yeah man I totally feel this one, I see it already the wealth effect is nuts as the currency devalues even though people know that their money is losing purchasing power certain nominal figures still have their eyes lighting up because they're basing it on the past and present and cannot account for future purchasing power
People will sell their Bitcoin at certain tops, pay taxes, and never be able to acquire that Bitcoin for as long as these cycles exist
The craziest change of mindset is realizing the S&P is the rate of Asset inflation, not net new capital returns on investment
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