Bitcoin makes the stock market irrelevant. Most people buy stocks purely as a SoV, practically none will outcompete bitcoin.
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(1) after custodianship risks have been reduced (2) inflation in developed world north of BTC annual supply issuance (3) 1 or 2 more speculative ‘bubbles’ to capture collective attention (4) a few painful years in equities, bonds, real estate.
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Excellent. Thank you. Very astute.
End of conversation
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