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SPX Short, Retirement Crisis?A possible explanation behind the incoming crash, the retirement crisis. Will boomers transfer their wealth to the next generation via free market (allowing the market to rightfully correct and have the younger generation (Gen Y & Z) buy equities at low prices), or will the government (federal reserve) step in and increase the balance sheet (and thus "prevent" a crash on paper)? Perhaps both. Gen Y and Z have decided to adopt and develop crypto to digitize and decentralize the old financial system (DeFi, NFTs) as the fed continues to print more money (as seen from the 2020 $ printing/stim. checks). This younger generation will not buy the bags of the old financial system (from the stock market to real estate) that are overvalued (Stock market with P/E ratios in the 30s, multimillion $ single-family homes), but rather force the old money to buy their crypto bags in the pursuit of the high ROI against inflation that crypto offers. As more inflation continues, crypto will get more adoption by traditional VCs, HFs, Central Banks, etc. This adoption will come from the firm's inability to answer two questions: 1. How will we get millennials and Gen Z to invest their saving with us? 2. How will we be able to keep the promise of paying out pension funds to the Boomer Generation? Privately, a few leading heads of these institutions (like Michael Saylor, Elon Musk) have entered the space after the 2017 and the 2020 DeFi Boom, but there are tens of trillion dollars left to enter it from the firms themselves. Hopefully in this great reset of economics, the young will own everything, and be happy.
SP:SPXShort
by linebands
YOU ARE HERE - Bitcoin Bull Cycles We exchange our time (finite) for cash (infinite). We store our time (finite) in cash (infinite) for accumulation and later use – store of value. Monetary technology systems change – from food, animals, precious metals, to promises then paper. Money printed faster than the trees it grows from . The best performing fiat currency is the British Pound which over it’s 317 years of life has lost 99.5% of it’s value . The dollar in your pocket worthless than it did last year. Cash (infinite) as a store and measurement of value is not accurate – like a bent ruler. Cash is man-based currency. Man is greedy, man is short sighted, man make mistakes, man lie. Bitcoin is math-based currency. Math is nature, math is reality, math is accurate, math does not lie, math the language of God. Bitcoin’s scarcity is the greatest monetary breakthrough never before - and never again - achievable by mankind. Bitcoin is a one time, path dependant invention that dematerialises gold – it can move faster and easier, hide anywhere but cannot lie. Of the total 21,000,000 approx. 20% are lost forever = 16,800,000 - supply. Of the circulating supply, 78% is not for sale and increasing – demand. If you own 0.0224BTC you are in the 1% club – of the world. $4.8 million per BTC = approx. $150 trillion market cap. Cash is a bent ruler, but USA military expenditure in 2019 = $1.9 trillion. Once we surpass 50k we may only see it once more. Yes this dip will be a blip.
BITSTAMP:BTCUSDLong
by ZooperDooper
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