The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

People Are Waking Up to Why Bitcoin (BTC) Is Gaining Traction – ‘The Price of Tomorrow’ Author

by Daily Hodl Staff
June 11, 2020
in Bitcoin

Jeff Booth, the author of “The Price of Tomorrow: Why Deflation is the Key to an Abundant Future”, unravels the complex monetary policies used by central banks that are keeping economies in a spiral of inescapable debt and decline.

Booth, who has called “inequality, polarization, and uprisings” predictable second and third-order effects of technology, argues that the search for sound money, amidst the financial decay and debt fueling a broken system, is driving the case for Bitcoin.

Booth tells his 171,500 followers on Twitter,

“We are told we need inflation. This is not true. It only seems true because the rules of the game were designed that way.

An inflationary environment that was manufactured by central banks – and once they were caught in it, they didn’t see a way out. So, instead of facing new facts – That technology brings efficiency and allows prices to fall – they ‘doubled down’ on inflation.

We are now part in a system that requires ever more inflation, jobs and higher taxes to pay for a ‘black hole’ of debt that can never be paid back. Unable to reach escape velocity from the ‘debt gravity’ central banks actually fuel the thing they fear most. ‘deflation’

Debt itself is deflationary because of taxes that need to go up in the future to pay for demand that was pulled forward through debt. And higher taxes – means less jobs. The following is a snapshot of what is happening.”

“Need inflation – Drive growth at all costs > Lower interest rates > debt binge (pulling demand forward) > distort rules of capitalism when debt can’t be repaid by bail outs and CB intervention concentrating wealth in hands of very few > leading to massive inequality/social unrest.

While technology advances and takes jobs anyways > leading to extreme political views > leading to divisive leaders > with cycle repeating until currency crisis’s, revolutions and wars with 99% of the people blissfully unaware of what caused it all in the first place.

A structural change where an inflationary monetary policy cannot work because the technology today is so powerful in bringing down prices. – and it has only just started – most of the deflation is in front of us.

So we are all caught in a system where we cannot see why deflation might be a fantastic thing. Deflation = value of your money going up in relation to goods and services. And doesn’t that mean that we could step off the insanity of a broken system.

We might see things that we couldn’t see before. For instance, because prices are designed to always go up through inflation (and are manipulated to do so) many spend most of their time trying to consolidate enough money or things so they can ‘safely’ retire or work less.

Caught in a believable lie – and on a treadmill that is designed to move ever faster > making it harder to keep up > robbing them of what is more valuable – their time. We might design differently – we just might design for deflation and celebrate it because it means we are getting more for less.

Then we could accept the natural benefits of advancing technological progress > and the benefits of technology would be more distributed widely > i.e. – if technologies destroyed more jobs than were gained > prices would fall along that natural path = less people left out.

Governments would need to agree on a common unit of value for currencies (that could not be manipulated) > which would lead to debt restructuring and losses as the current system cleanses the excesses > which would cause a global depression.

As a warped framework of growth for the sake of growth and manipulated markets is exposed. Different winners/different losers. (The reason policy makers keep changing rules to pretend they’re still in control, and use their currencies as weapons to gain an advantage in trade).

The changing of the rules and an understanding of why sound money is critical for society is what is driving Bitcoin adoption. It is early still but people are starting to wake up to the fact that their currencies are rigged – and will eventually break.

In the end, Deflation is inevitable – The only question is: does society need to go through currency crisis’s revolutions and wars to see it. I hope not but time is running out.”

You can check out the full thread here.

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Standret

Submit a Press Release

Industry Announcements

  • MultiBank Group to List MBG Token on Gate.io and MEXC During Official Token Generation Event
    July 18, 2025
  • GSR Leads $100M Private Placement into Nasdaq-listed MEI Pharma to Launch First Institutional Litecoin Treasury Strategy Alongside Charlie Lee
    July 18, 2025
  • KuCoin Launches xStocks, Delivering a One-Stop Access Point to Top Global Tokenized Equities
    July 18, 2025
  • PlayW3 Unleashes ‘Be the Boss,’ a New On-Chain Business Model That Turns Creators Into Owners – Over $320,000 Already Paid Out
    July 17, 2025
  • Streamex (BSGM) CEO Henry McPhie Highlights BSGM Merger and RWA Tokenization Strategy in Live TV Interview
    July 17, 2025
  • Numerai Announces $1 Million Strategic Buyback of NMR
    July 17, 2025
  • Bit Origin Secures $500 Million Equity and Debt Facilities To Launch Dogecoin Treasury
    July 17, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$118,818.83
$118,818.83
0.42%
Ethereum
$3,647.19
$3,647.19
7.14%
BNB
$758.27
$758.27
5.53%
Solana
$181.49
$181.49
4.02%
XRP
$3.51
$3.51
8.88%

Spotlight

  • Bitcoin Primed for the Next Major Parabolic Advance, Says Crypto Analyst Kevin Svenson – Here Are His Targets
    July 11, 2025
  • Trader Outlines Catalysts That Could Trigger 350% Bitcoin Rally, Updates Outlook on Ethereum and Avalanche
    July 11, 2025
  • ‘This Could Very Well Be the Ultimate Bull Trap’ – Trader Issues Urgent Crypto Warning As Bitcoin Blasts Past $118,000
    July 11, 2025
  • Banks With One ‘Deficient’ Rating Could Still Be Considered ‘Well Managed’ Under New Federal Reserve Proposal
    July 11, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl