Is Hyperinflation Coming?
From pragcap.com
Twitter lit up over the weekend when Jack Dorsey said that hyperinflation is coming. Dorsey is a very vocal advocate of Bitcoin and of course, also the CEO of two public companies, Square and Twitter. This is a pretty interesting prediction for a CEO of a large public company for several reasons: If he really believes what he said then he should, as a fiduciary to his shareholders, be advocating for far less USD exposure within his companies. Michael Saylor has developed the playbook for this. But Square and Twitter currently have over $10B in USD reserves, which would evaporate in the case of hyperinflation. If he ...
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