This Time Is Different

Bitcoin changes the surface area for energy transfer

We’ve seen bubbles build and burst before.

Some folks thought the internet meant economic growth would grow by 10% to 20% every year.. forever.

Financial bubbles often arise due to this-time-is-different syndrome where even experts ignore historical patterns and warning signs. This has led to numerous crises throughout history, from currency debasement to sovereign defaults, highlighting the cyclical nature of financial instability.

As these bubbles burst energy moves from one asset class to another asset class — away from risk toward perceived downside protection + yield — but always denominated in fiat money. Basically: money moving from the left hand to the right hand… but still in the control of central bank printers.

This time is different because Bitcoin is a globally accepted store of wealth and medium of exchange now.

Bitcoin isn't just another asset; it's a paradigm shift — sovereign power for each of us. We can band together to form economic powerhouses or build empires of our ow…