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The funny thing about this is that Bitcoin has fallen 9.2% just in the last 24 hours. Inflation hedge.

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Replying to @SilvermanJacob @bitfinex and @Tether_to

Even by the US government’s own data, the USD has lost 8.6% of its value in the past year and it can also be frozen or seized without recourse so would you have any issue with me giving them dollars?

SBF

@SBF_FTX

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@SilvermanJacob

inflation has fallen in the last 24h! inflation was high in 2010-2021. In 2022, inflation *indicators* increased, causing monetary policy tightening, causing inflation *decrease*

8:59 AM · Jun 19, 2022Twitter Web App

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and

Our portfolios have been blown to hell in the last 24 hours because of your beef with Celsius!

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and

A lot of people worry about ftx, what do you think of Sam?

kk1024(zhangy429.eth)

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and

sam: i worry about too.

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and

You drunk ?

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and

he is talking about the ammount of money that was printed > the more the credits are made, the more new money is printed, aka this is the inflation he means. rise of prices, is a differnt process resulting from this, cause companies adjust their prices to the available money.

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and

inflation on us but you have money

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and

I think the issue here is that people think the fed funds rate is a leading or present indicator, when it's more a lagging indicator. Fed Funds seem to be raised when we are absolutely certain the inflation we have seen the past year is NOT "TRANSITORY".

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and

Powell wanted to be renominated. He couldn’t tighten monetary policy until Biden made his renomination official and it was clear he would get Senate approval. Tightening is always unpopular. It’s absurd that the Fed was still engaging in QE as recently as mid March 2022.

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and

tell that to the merchants who've all jacked their prices

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