It only works because of mis-priced debt. The “perpetual” side of the equation is just the manipulated dollar debt markets. In other words, horribly fake interest rates.
This is why they will inevitably HAVE to find any way they can to make it illegal to issue debt to buy #Bitcoin. But it won’t make a difference in the long run. Real interest rates will simply return to the 20% range or around there, because our current interest rates are just absurd. The thing that bitcoin was ALWAYS going to do that will have more impact on the world than anything else, was reprice debt.
The “perpetual motion machine” will keep working until the interest is no longer under their control, or until stocks are valued by their price in sats. Until then they will fight it as hard as they can.
Expect lies and attacks about what he is doing in the meantime. note1lse…2de6
