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In January 2020 an internet chat group took down a Wall Street hedge and got one back for the little guy in a classic Robinhood story – or so you’re led to believe... While there's a tinge of truth here, a reverse Robinhood story is on-going and unsound money is at the centre. [Reading time: 10 minutes]Full article: https://soundmoneymacro.com/?p=2340

TLDR:

The GameStop story characterises the systemic challenges faced in the 2020s. Excessive leverage has created an unwieldy financial market. Policymakers are chasing their tails for the solution which sits right in front of their faces - unsound money. Their inability to solve the problem will lead to further volatility, inequality, and distrust, which forces us towards decentralisation and lowers the barriers to bitcoin.

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