We're witnessing the birth of #BTC     as the new flight to safety.

The global sovereign debt bubble is popping.

And US Treasuries are no longer the go-to flight to safety.

The market is beginning to value the fact that #BTC protects you from debasement and counter-party risk.

We saw it in the banking crisis earlier this year as investors fled failing banks and turned their uninsured fiat deposits into bearer Bitcoin.

Now, global bonds are nuking and Bitcoin is once again pumping as most other assets sell off.

Performance in the past month:

#BitcoinTrading     +10%

📜 #US Treasuries -7.8%

🪙 #Gold -5.7%

📉#SPY -5%

The fiat ponzi is a game of musical chairs.

There are only 21 million chairs.

And the music appears to be slowing