Source item
Open original source ↗How will there be diminishing returns when debasement is exponential?
All asset prices increased exponentially last 10y (driven by money printing):
- gold 3x (~$1k to ~$3k)
- S&P 3x (~$2k to ~$6k)
- bitcoin 250x (~$400 to ~$100k)
IMO it is a unit of account phenomena. https://t.co/uwCrm926xT