I agree with the premise that Keynes' argument for needing inflationary money is wrong. A fixed monetary supply is akin to the "natural solution" in differential equations, which govern pretty much everything.
All I can say is after studying bitcoin and monetary systems/policy, investing ect for thousands of hours. Bitcoin still surprises. It has already won and is inevitable.
The current system also incentives the wealthy to buy multiple homes to preserve their wealth, making it harder for young buyers to obtain that cornerstone of financial security. To me that's the worst effect of the current system.
Agreed, the commoditization of property is the biggest mistake of our human existence. You can only live in one house at a time while some people have to sleep on the streets.
Altcoins contradict this. People will buy altcoins instead of wise investments. Elon Musk, Trump, and Michael Saylor want to reduce regulations on forming companies, but this will increase the number of scams. Do we need decentralized rating systems for reputation and trust, or is the price chart enough?
The "value" of a bitcoin is going up as more people adopt it. Its dramatic growth will top out when the adoption tops out. At some point the "hard money" nature of BTC will make the currency and financial markets much safer through true accountability. No bail-outs! One thing that has struck me as profoundly naive both as a longtime study of financial systems and new bitcoiner is the concept of forever growth. Merry Christmas Joe.
Everything, over time, reduces to the marginal cost of production. Therefore, anything that is not already at its lowest possible cost will decrease in value when measured in bitcoin because bitcoin has a fixed supply.
I retired from TradFi mortgage lending. I love your video as it explains in simple language how to cut out the middlemen. Add to this the potential of no capital gains tax on BTC and you have an even more massive dynamo of an investment class :) #joeburnett
I respect your work mate. TA is good but I find it truly baffling that all major crypto youtubers just look at pure T.A and completely Ignore the bigger narrative of why BTC Is pumping and why the future outlook might not be as rosy as it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major pump at the peaks of BTC.. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. more emphasis should be put into day trading as It is less affected by the unpredictable nature of the Market.. I have made over 11btc from day trading with Milton Harper, insights and signals in less than 3 weeks, this is one of the Best medium to backup your assets incase it goes bearish.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience...
I think you may not fully understand the strategic role the US dollar plays in the United States' economic and geopolitical framework. By controlling the money supply, the U.S. can influence unemployment rates, inflation, and economic growth. This power extends beyond domestic markets, as the USD's role as the world's primary reserve currency gives the U.S. unparalleled leverage over global markets. For example, through monetary policy, the Federal Reserve can increase or decrease the money supply to influence interest rates. Higher interest rates typically attract foreign capital, strengthening the dollar's value (appreciation). Conversely, lowering interest rates weakens the dollar (depreciation), which can boost exports but make imports more expensive. This delicate balance allows the U.S. to stabilize its economy and indirectly impact other economies dependent on the dollar. Moreover, the USD is not just a currency-it's a tool of influence. Dollar-denominated debt and trade agreements mean that fluctuations in the USD can cause ripples worldwide. For example, a strong dollar can make debt servicing nearly impossible for developing countries that borrow in USD, sometimes exacerbating economic crises. This "weaponization" of the dollar gives the U.S. considerable geopolitical power. Bitcoin, or any truly decentralized cryptocurrency, would effectively strip away this ability to manage and control the currency. The United States would lose not only its ability to set monetary policy but also a key lever of international influence. While cryptocurrencies are valuable for certain use cases, they inherently lack the flexibility and central control required for macroeconomic management. For this reason, if the U.S. were to adopt a digital currency, it would almost certainly be a centralized version, such as a central bank digital currency (CBDC). This "US Coin" would allow the government to maintain its ability to adjust supply as needed, preserving the tools necessary for economic stability and geopolitical influence. The United States, like any nation-state, will always prioritize its own strategic interests. The current system, with the USD as both a domestic and global cornerstone, is crucial to maintaining its economic strength and political influence. A shift to a system like Bitcoin, which cannot be printed or controlled, would be antithetical to these goals. Finally, a deeper understanding of macroeconomics, particularly the dynamics of money supply, interest rates, and their ripple effects on global trade and financial stability, would provide more insight into why the USD remains so critical. It's not just about replacing one currency with another-it’s about the underlying systems of control and influence that shape global markets.
you should read Jason Lowery's "Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin " to see why Bitcoin is better than the USD.
This is very profound. I watched it multiple times to try to fully internalize it and understand it as deeply as I can. Much thanks.
I agree with the premise that Keynes' argument for needing inflationary money is wrong. A fixed monetary supply is akin to the "natural solution" in differential equations, which govern pretty much everything.
Capital scarcity for the first time in human history. Most don't understand what this means. Greeting and cheer Hodlers.
All I can say is after studying bitcoin and monetary systems/policy, investing ect for thousands of hours. Bitcoin still surprises. It has already won and is inevitable.
Moral of the story is: you're not stacking hard enough
Great video
Excellent as always. As for your new format, less is more. I found it too much, distracting and adding little.
Why the irritating music ? Makes it more difficult to concentrate on the talk
The music makes it hard to concentrate on your content, Joe
get rid of that annoying background music
otherwise, great content! Keep up the amazing work!
The current system also incentives the wealthy to buy multiple homes to preserve their wealth, making it harder for young buyers to obtain that cornerstone of financial security. To me that's the worst effect of the current system.
Agreed, the commoditization of property is the biggest mistake of our human existence. You can only live in one house at a time while some people have to sleep on the streets.
Altcoins contradict this. People will buy altcoins instead of wise investments. Elon Musk, Trump, and Michael Saylor want to reduce regulations on forming companies, but this will increase the number of scams. Do we need decentralized rating systems for reputation and trust, or is the price chart enough?
For the TLDW, yes.
Great job! Keep up the good work. This is sound logic at its best.
The "value" of a bitcoin is going up as more people adopt it. Its dramatic growth will top out when the adoption tops out. At some point the "hard money" nature of BTC will make the currency and financial markets much safer through true accountability. No bail-outs! One thing that has struck me as profoundly naive both as a longtime study of financial systems and new bitcoiner is the concept of forever growth. Merry Christmas Joe.
Everything, over time, reduces to the marginal cost of production. Therefore, anything that is not already at its lowest possible cost will decrease in value when measured in bitcoin because bitcoin has a fixed supply.
I retired from TradFi mortgage lending. I love your video as it explains in simple language how to cut out the middlemen. Add to this the potential of no capital gains tax on BTC and you have an even more massive dynamo of an investment class :) #joeburnett
Joe your short and concise videos are great.
I respect your work mate. TA is good but I find it truly baffling that all major crypto youtubers just look at pure T.A and completely Ignore the bigger narrative of why BTC Is pumping and why the future outlook might not be as rosy as it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major pump at the peaks of BTC.. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. more emphasis should be put into day trading as It is less affected by the unpredictable nature of the Market.. I have made over 11btc from day trading with Milton Harper, insights and signals in less than 3 weeks, this is one of the Best medium to backup your assets incase it goes bearish.
He's mostly on Telegrams, using the user name.
@MiltonHarper
Thanks for keeping it light and real at the same time. Much needed for us traders in times like these!
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience...
Best signal provider in the market. Knowledgeable, level headed no loss like some other traders who recently jumped on the bandwagon.
I think you may not fully understand the strategic role the US dollar plays in the United States' economic and geopolitical framework. By controlling the money supply, the U.S. can influence unemployment rates, inflation, and economic growth. This power extends beyond domestic markets, as the USD's role as the world's primary reserve currency gives the U.S. unparalleled leverage over global markets.
For example, through monetary policy, the Federal Reserve can increase or decrease the money supply to influence interest rates. Higher interest rates typically attract foreign capital, strengthening the dollar's value (appreciation). Conversely, lowering interest rates weakens the dollar (depreciation), which can boost exports but make imports more expensive. This delicate balance allows the U.S. to stabilize its economy and indirectly impact other economies dependent on the dollar.
Moreover, the USD is not just a currency-it's a tool of influence. Dollar-denominated debt and trade agreements mean that fluctuations in the USD can cause ripples worldwide. For example, a strong dollar can make debt servicing nearly impossible for developing countries that borrow in USD, sometimes exacerbating economic crises. This "weaponization" of the dollar gives the U.S. considerable geopolitical power.
Bitcoin, or any truly decentralized cryptocurrency, would effectively strip away this ability to manage and control the currency. The United States would lose not only its ability to set monetary policy but also a key lever of international influence. While cryptocurrencies are valuable for certain use cases, they inherently lack the flexibility and central control required for macroeconomic management. For this reason, if the U.S. were to adopt a digital currency, it would almost certainly be a centralized version, such as a central bank digital currency (CBDC). This "US Coin" would allow the government to maintain its ability to adjust supply as needed, preserving the tools necessary for economic stability and geopolitical influence.
The United States, like any nation-state, will always prioritize its own strategic interests. The current system, with the USD as both a domestic and global cornerstone, is crucial to maintaining its economic strength and political influence. A shift to a system like Bitcoin, which cannot be printed or controlled, would be antithetical to these goals.
Finally, a deeper understanding of macroeconomics, particularly the dynamics of money supply, interest rates, and their ripple effects on global trade and financial stability, would provide more insight into why the USD remains so critical. It's not just about replacing one currency with another-it’s about the underlying systems of control and influence that shape global markets.
you should read Jason Lowery's "Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin " to see why Bitcoin is better than the USD.
Well said Joe
It already has, and you're too late 😊
Probably
There are so many ways Bitcoin fixes the world. This is just one extra "holy fucking shit" factor to add to the near infinite list.
no need to use blasphemous language to make your point.
Amazing videos your produce. You're half my age, and you are the teacher, I am the student.
In 2017 Wiki leaks Julian Assange woke to the world to the power of Bitcoin. In 2020 Micheal Saylor took it to the next level.
Bitcoin is the superior money.
You just got another subscriber!