Crypto Twitter Fun - Chamath Palihapitiya - Virgin Galactic CEO

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With the current crypto bull market, every other platform out there is buzzing with crypto related news. We have our very own @leofinance and I also venture out to Publish0X. However, the one network that has all the news, gossip, intellectual debate and funny memes is "crypto twitter".


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It is not a platform and there is no formal boundary. The size of the network and the individuals who are active there depends on who you follow and who you like to listen to. But then, there's a twitter feature where you can follow topics and that will allow you to look into all the relevant resources in the topic you are interested in. I follow mostly crypto and renewable energy topics. That covers almost 90% of my feed.

I follow quite a lot of people and lately I have been following a lot of crypto influencers, CEOs and crypto intellect, The range is from Peter McCormack on one end to Chamath on the other end. I don't know why I made that boundary but I was trying to portray that the rage is from pure advocates to genuine intellectual business people.

Coming back to the influencers, Chamath recently published a tweet which was very timely in representing what’s happening in the US. No, I am not a US citizen but it is funny how the policies from the US can influence decisions elsewhere. Hence it is interesting and relevant to following US politics.

Enough with the background. Read this tweet.
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Before we had the Georgia senate results. He presented two scenarios. Both Republicans and Democrats had their own way of dealing with the pandemic. However, it does not matter for asset inflation. Chamath is pretty clear in pointing that assets are inflating with the policy the Trump administration has been implementing which is to invest heavily in bonds and the stock market. That’s the reason behind the non-alignment of stocks and the real world economic scenario. Almost every pundit out there in the world cried out loud on how bifurcated the economy and the stock market after the 2020 March market crash. That’s the Republican way.

The Democratic way sounds better on the paper which is to distribute higher stimulus to aid the suffering population. It does not matter how it’s done but that policy will eventually aid asset inflation. There could/will be other economic impacts related to asset inflation. For crypto twitter, the asset inflation narrative directly points towards the superior monetary quality of Bitcoin versus fiat.

I am not an expert and I also am not the maximalist to say the inflation is imminent and the BTC onslaught is round the corner. But, I can definitely say that BTC has been doing what its supporters were saying it would do in this type of fiscal environment.

Crypto twitter is always interesting. Who do you suggest I should follow on twitter to read more on crypto and BTC?

Posted Using LeoFinance Beta



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