Part 12/15:
Market implications: This new financial paradigm renders legacy models and ratings obsolete. As the market recognizes the superior risk profile of treasury Bitcoin holdings, institutions will increasingly adopt these instruments, making rating agencies irrelevant or forced to update their frameworks.
The Myth of Volatility and the Reality of Financial Dying
A crucial insight given by the Bitcoin wizard: traditional finance confuses price movement (volatility) with risk—and in doing so, fails to perceive systemic deterioration in fiat. Bitcoin’s volatility acts as a truth detector, revealing economic realities that fiat seeks to hide.