We are in the midst of one of history’s greatest financial bubbles, represented both in a global debt crisis, as well as a bloated, subsidized financial sector that is many times greater in size than it naturally should be. Rather than Bitcoin being the bubble that everyone claims it is, on the contrary, the financial system is a “greater fool” bubble, and Bitcoin is the pin.
Don’t forget to check out the great reads that were mentioned and shed tons of light on today’s take:
The Use of Knowledge in Society:
The Fraying of the Petrodollar System:
Bitcoin is the Great Financialization:
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