Avoiding the Narrative Trap: Bitcoin Is More Than an Inflation Hedge
The Breakdown13 Juni 2020

Avoiding the Narrative Trap: Bitcoin Is More Than an Inflation Hedge

Today on the Brief: Why bitcoin sold off A bank-the-unbanked narrative for the digital dollar It’s Dave Portnoy’s world and we’re all just living in it Today’s main topic: Why inflation isn’t the only bitcoin narrative that matters. When bitcoin’s halving coincided with the most aggressive central bank policy of all time, it set a clear narrative framework for bitcoin as an inflationary hedge. This was captured by people like legendary hedge fund investor Paul Tudor Jones, who warned of a “great monetary inflation.” In this episode, NLW argues 1) that inflation could be a dangerous narrative to focus on too closely due to a number of countervailing deflationary forces, and 2) there are a variety of other narratives that are just as important to bitcoin, including: Censorship resistance Seizure-resistant asset Currency controls and reshoring Nations looking to escape USD system Independent banking Peaceful protest

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