@BMBernstein profile picture
Brendan Bernstein @BMBernstein
Joined January 2011
  • Tweets 1,836
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Brendan Bernstein @BMBernstein
10 Dec 2020
In honor of every VC posting their Airbnb rejection emails, here’s me rejecting an investment in BTC at $0.01 in 2009
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Bitcoin is the only emerging technology that reduces the governments ability to surveil and control instead of increasing it
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It’s going to be weird when the Forbes list is full of anon crypto degenerates
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I just want bitcoin to go up so my friends are rich enough to start a citadel without covid restrictions
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The Federal Reserve will be the largest employer of Americans by end of year
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Brendan Bernstein retweeted
nicolas, 30 ans
 @nic_carter
3 Apr 2020
My latest in Coindesk. How the bailout(s) compromise the neutrality of money, and why that matters coindesk.com/corporate-ameri…

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Tweeting against the bailouts won’t fix the problem. Capitalizing on the cantillon effect and rebalancing profits to bitcoin will. Do your patriotic duty and siphon off as much of treasury funds as possible for the good of bitcoin.
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This is about to be the market’s red pill that flows matter more than fundamentals. Throw away your DCFs kids and hop on the pension and QE train. The alpha is in front running “dumb” money, not in analyzing earnings transcripts.
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Hypothetical: - COVID-19 further along the curve than people expect - uptick due to more tests, not just virality - latent immunity from asymptomatic people - antiviral treatments work better than expected - economy back to normal faster than priced in
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Half the UK may be infected. Translation, much more latent immunity and slower growth than expected ft.com/content/5ff6469a-6dd8… Ht @max_bronstein

Coronavirus may have infected half of UK population — Oxford study

New epidemiological model shows urgent need for large-scale testing

ft.com
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1 Seattle death today, which was supposedly going to be wuhan 2.0
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Kashkari, thank you for being a bitcoin maximalist hellbent on the destruction of fiat currency. You will go down as a hero alongside Satoshi, Yellen, Bernanke and Trump!
Marty Bent
 @MartyBent
23 Mar 2020
Our money is officially broken. This is pure insanity.
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Live from the Fed
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Brendan Bernstein retweeted
Marty Bent
 @MartyBent
12 Mar 2020
I had the immense pleasure of hopping on a call with @Jkylebass and @parkeralewis after the markets closed today to discuss the current chaos hitting the markets and the reaction needed to right the ship in the United States. Enjoy. anchor.fm/tales-from-the-cry…

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Counter scenario: surprise inflation - Excessive optimism about absence of inflation - US current account is analogous to Argentina, not Japan - Foreigners no longer funding our debt - All presidential candidates treating the fiscal budget like lotto winners treat their bounty
Brendan Bernstein @BMBernstein
11 Feb 2020
Most people think BTC is going to pump from a Zimbabwe esque hyperinflation. But the opposite is going to happen We're on the precipice of a deflationary crisis....and this is why BTC will pump Here's why:
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I still think the first scenario is more likely. But surprising and uncontrollable inflation is a possibility -- especially when it's not priced in and people are dumping cash into bonds at negative yields.
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Either way, there's not a scenario where the Fed balance sheet doesn't explode in value. BTC is the only digital asset in the world that cannot be MMT'ed
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