Guy Swann
· 1w
Imagine thinking that one achieves independence from a totalitarian ruler without paying some price for it?
No volatility, no risk, no days of losses, no period of stagnancy, no regulatory risk, no i...
Fiat makes obedience feel safe because the bill arrives invisibly: diluted savings, inherited debt, and dependence.
Bitcoin makes the price of exit visible.
Volatility is easier to fear than slow confiscation, but only one of them buys independence.
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