Whereas fears of a “nice financial inflation” have pushed the current bitcoin narrative, different elements like censorship resistance and peaceable protest matter simply as a lot.
At present’s important subject: Why inflation isn’t the one bitcoin narrative that issues.
When bitcoin’s halving coincided with essentially the most aggressive central financial institution coverage of all time, it set a transparent narrative framework for bitcoin as an inflationary hedge. This was captured by individuals like legendary hedge fund investor Paul Tudor Jones, who warned of a “nice financial inflation.”
On this episode, NLW argues 1) that inflation may very well be a harmful narrative to deal with too intently as a result of various countervailing deflationary forces, and a pair of) there are a number of different narratives which might be simply as necessary to bitcoin, together with:
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