Join Bitcoin University Premium:https://www.bitcoinuniversity.comIn this video, I discuss Pierre Rochard's famous essay on Bitcoin speculative attacks.By borrowing in your local fiat currency and buying BTC with the proceeds, you are actively helping to increase the money supply of your local fiat and thus devalue it against Bitcoin, which has a fixed maximum supply.If you can collateralize these loans with things other than Bitcoin like houses, you can also avoid the problem of margin calls. Not investment advice! Consult a financial advisor.Follow Pierre Rochard:https://twitter.com/BitcoinPierreFollow Bitstein:https://twitter.com/bitsteinDr Bitcoin MD meme:https://twitter.com/DrBitcoinMD/status/1361739141986324484Francis Pouliot and stimmy checks:https://twitter.com/francispouliot_/status/1486034889115942914 Watch these 3 videos first:https://www.youtube.com/watch?v=Y4JKizxVDmA&ab_channel=BitcoinUniversityhttps://www.youtube.com/watch?v=B4AWbwBUKJ8&ab_channel=BitcoinUniversityhttps://www.youtube.com/watch?v=Ha4GhVlzamo&ab_channel=BitcoinUniversitySpeculative Attack essay:https://nakamotoinstitute.org/mempool/speculative-attack/Bitcoin's CAGR:https://casebitcoin.com/Federal government interest payments:https://fred.stlouisfed.org/series/A091RC1Q027SBEAMicroStrategy borrowing fiat to buy Bitcoin:https://bitcoinmagazine.com/markets/microstrategy-offers-400-million-of-convertible-notes-to-buy-more-bitcoinhttps://twitter.com/saylor/status/1341006691408752640https://twitter.com/SwanBitcoin/status/1357004937671147524I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Bitcoin #fiat Disclaimer Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky....https://www.youtube.com/watch?v=qije9apncA0