Bill Miller IV just dropped this on CNBC:
"The fundamental case for $BTC is as good as ever."
Then he hit them with the reality check:
US budget deficit this year? $1.8 TRILLION.
$BTC's entire market cap is SMALLER than the amount of dollars that need to be printed just to cover THIS YEAR's deficit.
Let that sink in.
They're printing more fiat in 12 months than the entire value of Bitcoin that's ever existed.
And people still ask why we're bullish on hard assets.
The macro case writes itself.
"The fundamental case for $BTC is as good as ever."
Then he hit them with the reality check:
US budget deficit this year? $1.8 TRILLION.
$BTC's entire market cap is SMALLER than the amount of dollars that need to be printed just to cover THIS YEAR's deficit.
Let that sink in.
They're printing more fiat in 12 months than the entire value of Bitcoin that's ever existed.
And people still ask why we're bullish on hard assets.
The macro case writes itself.