Global markets are at the end of a leveraging cycle. The next phase is a deleveraging, beginning with deflation, and ending in hyperinflation.
1. Deflation: cash is king, value will be stored in USD. This is estimated to last 10 - 15 years.
2. Hyperinflation: The purchasing power of cash degrades, people will seek alternative means to store their value. Bitcoin will be the primary safe haven in a flight to safety, absorbing the wealth of panicked global economy. This is estimated to last 5 - 10 years.
We have been in an unsustainable bull market since the 1970s, when the US abandoned the gold standard. 50 years of growth driven by unfettered debt. This debt is intangible and cannot be repaid without undermining the global economic paradigm.
1. Deflation: cash is king, value will be stored in USD. This is estimated to last 10 - 15 years.
2. Hyperinflation: The purchasing power of cash degrades, people will seek alternative means to store their value. Bitcoin will be the primary safe haven in a flight to safety, absorbing the wealth of panicked global economy. This is estimated to last 5 - 10 years.
We have been in an unsustainable bull market since the 1970s, when the US abandoned the gold standard. 50 years of growth driven by unfettered debt. This debt is intangible and cannot be repaid without undermining the global economic paradigm.
