1/6) Looking at the increase of USD supply in the last 12 months and it’s trajectory for the next 12, it’s easy to see that #Bitcoin ’s 2020 price increase isn’t as substantial as it looks, and the continued entry of institutions and sovereigns will dwarf anything to date.

2/6) Banks and institutions are hoarding cash, and as the general economy begins to normalise from Covid (hopefully 2021), and that capital begins to get lent out (leveraged up with fractional reserves), fiat will become worth less than ever before.

3/6) #Bitcoin awareness and infrastructure will continue to advance rapidly, offering a clear modern alternative to fiat, unsustainably overvalued equities, and gold - which is impractical and unappreciated by youth

4/6) In the meantime, institutions will continue moving into #Bitcoin at an accelerated pace, regulatory frameworks will solidify providing powerful market clarity, and governments will begin exploring direct exposure as well.

5/6) TLDR: The weirdness of this global economic environment is related to the self-imposed death of fiat by governments focused on keeping their citizens owning their homes and their equity markets from contracting but...

6/6) I believe this has created an irreversible tectonic plate shift to the next global reserve currency - one that is open, global, finite, programmable, and publicly verifiable. #Bitcoin #EOS #Crypto