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In this video, I discuss Pierre Rochard's famous essay on Bitcoin speculative attacks.

By borrowing in your local fiat currency and buying BTC with the proceeds, you are actively helping to increase the money supply of your local fiat and thus devalue it against Bitcoin, which has a fixed maximum supply.

If you can collateralize these loans with things other than Bitcoin like houses, you can also avoid the problem of margin calls.

Not investment advice! Consult a financial advisor.

Follow Pierre Rochard:
  / bitcoinpierre  

Follow Bitstein:
  / bitstein  

Dr Bitcoin MD meme:
  / 1361739141986324484  

Francis Pouliot and stimmy checks:
  / 1486034889115942914  

Watch these 3 videos first:
   • Coinbase's Bitcoin Will Be Seized  
   • Bitcoin 6102 Attack (How To Protect Y...  
   • Could Bitcoin Bankrupt The US Governm...  

Speculative Attack essay:
https://nakamotoinstitute.org/mempool...

Bitcoin's CAGR:
https://casebitcoin.com/

Federal government interest payments:
https://fred.stlouisfed.org/series/A0...

MicroStrategy borrowing fiat to buy Bitcoin:
https://bitcoinmagazine.com/markets/m...
  / 1341006691408752640  
  / 1357004937671147524  

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#fiat

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