Cris Reed 🎙️Bitcoin Mindset Podcast

@AdamBLiv @ZynxBTC My Superpower lol

@ZynxBTC I can stay irrational for a really long time. LOL

I'm struggling with something. Bitcoin broke my brain and I am genuinely unable to look at the equity markets in the same way anymore. I am not sure it is possible to ever go back. Everything looks extremely overvalued. I see people doing very well with their different equity positions but my mind just cannot get over the 50 or 100 P/E ratios. It is easy to be directionally correct. AI will do well, but knowing the destination and knowing the price you should pay to get there are very different things. The deeper problem is that decades of cheap money and monetary debasement have completely distorted what value means. When the cost of capital is artificially suppressed, any future earnings stream can be justified at almost any price. We have been trained to accept valuations that sound money would never permit. I am happy everyone is making money, but I just do not see how these valuations project into a future defined by AI driven deflation, increasing competition and eventually a world where the cost of capital reflects reality. Sometimes I think this is a limitation, but maybe it is clarity. I am not sure anymore.

@saylor @VirtusVerbis Agree

Some Things Can’t ₿e Unseen

@ZynxBTC Not enough skin in the game to have a great feel tbh

@CrisReed What are your current thoughts on timelines?

@ZynxBTC So much riding on this trade right now they can’t afford to let it deflate

@CrisReed I think I agree. Extremely confident in the destination but the when is the magic question. Relative sentiment for Bitcoin is in the gutter right now.

@GjofFreyr @MarylandHODL21 Over fiat

@CrisReed @MarylandHODL21 You would pick a trading card over $500K Gold? Are you mental?

You haven’t seen anything yet. This is the warm up. Rates will be suppressed through yield curve control. The money printer will go into overdrive, and inflation will return with a vengeance. When that happens, people won’t just exit dollars and Treasuries. They’ll move into anything they believe can preserve value. Runaway markets: Weimar Germany: 1921–1923 Hungary: 1945–1946 Brazil: Late 1970s–1994 Argentina: 1975–1991 Argentina: 2001–2002 Mexico: 1982–1988 Peru: 1988–1990 Russia: 1991–1998 Yugoslavia: 1992–1994 Zimbabwe: 2000–2009 Venezuela: 2013–present Turkey: 2018–present Lebanon: 2019–present Sri Lanka: 2021–2022 Egypt: 2022–present YCC: United States: 1942–1951 Japan: 2016–present Australia: 2020–2021 India: Informal/partial YCC during 2020–2021 China: Periodic quasi YCC interventions through state banks and PBOC guidance, especially post 2015 United Kingdom: Temporary emergency gilt market intervention in 2022, similar to short term YCC behavior

@MarylandHODL21 They don’t have print runs on 1st editions. More modern yes and I think that vertical gets rekt actually.

@CrisReed Can’t a centralized agency just print more at anytime and destroy the value. Cards are based on a system of trust.

@The_Street_Man Makes sense The PE markup

@CrisReed PE has been gobbling up HVAC companies the last 5 years. Buddy of mine just had his replaced for $13k with Costco here in no man's land.

“Inflation is 3%”

Bitcoin or CBDC Your choice

@infraa_ @spencerpratt 😆😆

@spencerpratt NFA?

Smart bet. (Not financial advice)

@thunderbumble69 Agree

@CrisReed lol god bless everyone who stretched for that $1m house these past 4 years. Albatross around the neck unless you paid cash.

Heúrēka!

@AFMBlog “Inflation is only 3%”

My neighbor is replacing their HVAC system today. Their house is slightly bigger than ours. Total cost for everything: $34,000!!!!! What in the hell? He said they have tripled in cost since COVID. What a crock of crap.

@RetireSoonFam Chris is legit but needs to stick to his own lane on this one

@CrisReed Chris is a pretty good trader. so ye. it may be over.

“I hate it” - Chris Camillo (MSTR) Is it over? 😂

@jandkshelton lol

@CrisReed This guy clearly hasn't studied bitcoin. It is evident.

@River @SmaugBtc Why anyone would keep emergency fiat in a bank and not on River is beyond me

Bank: We value your deposit. Client: Great, what's the interest rate? Bank: 0.01% Client: But you said you valued it. Bank: We do. That's why we're keeping your interest.