Balaji is right, but he may lose the bet

Having reviewed this tweet’s contents in detail, I find Balaji’s argument about inflation being a significant threat to the American economy quite persuasive. However, I remain unconvinced that the average citizien has the time to go into these complex details and subsequently exit to Bitcoin. The majority of people will likely accept the Federal Reserve’s explanation, which will be disseminated through various channels, and will continue to invest their money in the fiat system. Although the average American may have lost faith in the Fed, they are yet to reach the point of taking their hard-earned dollars out of the fiat system. They may have exited their trust, they will not exit thier $$’s right now.

To quote Jean-Claude Juncker: “When it becomes serious, you have to lie”

I think most people will believe that lie for a little longer.


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