-
@ CitizenPedro
2025-04-29 11:29:36
There's 100T in bonds, 2T in Bitcoin and 20T in gold.
I wouldn't be surprised if by the end of the next 5 years (or 10 years) we have 50T in bonds 20T in Bitcoin and 30T in gold.
Even if it's just a result of monetary premium re-focus, i.e bonds might be worth 100T in 2035 but in real purchasing power they're only worth 50T.
In other words there might not an actual be a huge capital shift but just the broader market refocusing attention/trust in harder assets. In other words, some people capital will just be left to evaporate.
This happened in the Weimar Republic. Bonds did evaporate but it took some years.
In the Weimar Republic, the bond market didn’t collapse all at once through mass selling. Instead, people continued to hold onto their marks and government bonds for a long time, trusting that stability would return. At first, people kept believing in bonds and marks — even through 10–20% inflation — hoping the situation was temporary. It wasn't until trust in the currency completely evaporated, after repeated devaluations and uncontrollable inflation, that the real value of those assets vanished. The destruction was gradual at first, then sudden, as confidence drained away and hard assets like gold and land absorbed the fleeing monetary premium.
Now, I don't think this will probably happen again in the same way, in such a huge collapse. Most likely we will have a soft reset, and a permanent Bitcoin integration into the current financial system, just bringing harder assets to the current system in many different ways.
#bitcoin #macro #economics