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137 sats \ 0 replies \ @justin_shocknet 10 Apr \ on: Bitcoiners: The New Gold Bugs? bitcoin
They were wrong? It's a zombie apocalypse out there.
Teleport someone from Silicon Valley from the 90's to today
Teleport someone from 1971 to the rust belt
Tell them about the GFC.
Show them the demographics, birth rates, household formation.
Show them the size of the healthcare industry and how sick people are.
Show them Berkshire Hathaway stock, effectively an index unto itself, struggling to keep up with gold.
Show them the 3rd world on their doorstep.
Just because the economic collapse doesn't look the way you thought it might doesn't mean it didn't happen.
A gold bug living gold bug values has been more insulated from the collapse of society than people that think things are just fine, and Bitcoiners are doing even better than that.