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At LEAST he has the wherewithal to grasp that it's luck (and weird fiat markets), not skill.

My wife's brother, investment banker guy, has been hammering his "just buy the stocks, man" approach to me lately. When pushed he may admit that luck is a primary factor, but mostly he believes the market only goes up and so you might as well go along for the ride.

He tells me he has done very well in stocks this year. And he thinks I'm overexposed to bitcoin.

But of course, he was also asking me about Ripple a couple years ago, so...

You can't be overexposed to freedom, bro.

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wait, bitcoin is freedom??

Here I was under the impression that it was just value destruction

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Won’t freedom come with a massive economic correction?

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Don't think so? Massive economic unleash.

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Misallocated assets have to be liquidated first, in order to eventually be productively allocated.

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...Which is, of course, why the treasury companies bleed and liquidity flows into AI and SpaceX IPO, yes?

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I don't think it's because of freedom. Both of those things are being pumped hard by the state.

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oh really? Or just a) something real there, b) way sexier than boring boomer coins