Part 13/15:
Key takeaway: Price stability in fiat means stagnation and decline in real purchasing power. Volatility in Bitcoin signifies active market discovery of value. When companies hold Bitcoin as collateral, their real risk diminishes even as market prices fluctuate.
Conclusions: A New Era of Credit and the End of the Old World
The moment the S&P rated Strategy as junk is, paradoxically, a confirmation that the old credit system is collapsing under its own weight. The same institutions that assess risk based on obsolete models are themselves becoming obsolete.