The house didn’t change, the money did.
No longer backed by gold, the government had free reign to print as much money as they pleased.
Do you get it? They’ll keep printing forever and the value of the money you’re working for will continue to go to zero.
Study Fiat. Study Bitcoin.
Did the house go up in value? | Adrian Cercenia
Did the house go up in value? Or did the money become worth less? What changed after 1970? 🤔 h/t Jordan Walker #studybitcoin
Here’s a quick (3-minute) video on how Bitcoin works.
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If you haven’t read any books about Bitcoin, we recommend The Little Bitcoin Book – https://a.co/d/08O4jwP9 – At only 99 pages, it’s a quick and helpful read.
https://www.linkedin.com/posts/jasonweed_if-you-havent-read-any-books-about-bitcoin-ugcPost-7427023264721465344-Dwd6?utm_source=share&utm_medium=member_desktop&rcm=ACoAAALDW6EBxX9gfPpNXLohpzgrZ6QndXsOHAE/
Bitcoin food for thought…
Last cycle, it took 72 days to get from the peak to the bull run 50%.
This cycle it’s taken 122 days from the peak to 50%.
Just something to think about./
