Vague Theory #4347
Gold and bitcoin bugs kinda have to be deflationary in outlook which means they have to be scared of debt and therefore they’re deficit hawks who believe deficits are sins with karmic consequences so they have to be permabears
Mercantilist thinkers
Conversation
Replying to
Though interesting both gold and bitcoin are down. When usually BTC seems to be a higher volatility S&P, where gold is often negatively covariant to it. Now though, people are just liquidating for cash bc of the crash I think, causing some opposite behaviors to mild downturns.
1
3
Replying to
not just cash... also stockpiling commodities... toilet paper > gold apparently
1
2
Show replies
This Tweet is from a suspended account. Learn more
Replying to
The battles Schiff gets into with BTC are something. Him messing up his wallet password was 🔥
Yet, so similar. Dynamic=unstable? Maybe something in there with supply side vs. demand with no third option.




