A Bitcoiner who is leaving Bitcoin.
- Is he now learning that liquidity moves markets? And in the same way, he also doesn't understand the liquidity flows that cause an asset to rise more or less independently of existing or injected liquidity.
Let's break this down.
I print twice as much money as there is now in the world and give it to an entity that doesn't spend it but keeps it in the bank, so nothing happens, there is no liquidity in the market.
But this does not usually happen. Liquidity increases when everyone wants to spend and when everyone lends (in the fiat system, especially when they lend), and if this does not happen, then central banks take it upon themselves to inject liquidity (lend) or favor the situation to encourage liquidity scenarios.
Because this world is a slave to liquidity, because we live in a debt system, and debt in a fiat system is inefficient, it is always unpaid and therefore needs more liquidity to pay future debts and interest.
And secondly, there are liquidity flows. Nothing guarantees that all liquidity will go to an asset at equal percentages per asset and therefore equal the average inflation rate (price regulation system). Some assets will rise more than inflation and others less.
Both liquidity and liquidity flows are human decisions. But Bitcoin has performed well against both.
And finally, it seems to have jumped on Saylor's bandwagon of borrowing and paying interest.
With this total lack of knowledge, what could go wrong?
Personally, I don't see any alternative to Bitcoin at the moment. Do you want stocks? Go ahead, the government can confiscate them, and you can't pay for any services with them, and if you sell them, you know what you have to do: pay taxes. Do you want precious metals? Go ahead, make sure they're real, pay high commissions when buying and selling physically, and if they're not physical, you have the same problem as with stocks.
The three U's: unconfiscatable, uncensorable, and unforgeable, along with limited supply—I only know of Bitcoin.
Let math/physics do its job.