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@sydney-bro
We are living in very bubbly times... everything is a bubble if you look closely 🫧 US debt bubble: $35T, increasing by 1T every 100 days. ~30% of the US tax revenue is spent to just service the debt. 🫧 Asset bubble: house prices across the world are at their ATH and continue going up. Big tech stocks are at their ATHs and continue going up despite absurd P/E ratios. 🫧 Crypto bubble: probably the smallest of the bubbles compared to the others but still very bubbly. Meme coins getting to multi billion dollar market caps, cartoon pictures selling for millions, oversubscribed VC rounds everywhere. This all feels like a house of cards ready to crumble but still the bubble keeps getting bigger. Ultimately it's going to burst but the governments across the world will try to protect it for as long as possible. Bitcoin may become a safe haven or it may go down with the big explosion as well 💣 This post might be a reality check or just a pointless rant. Time will tell. <end of rant>
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