Jeff Booth recently shared a rather candid perspective on how we are looking at Bitcoin and why many people have not truly 'escaped the system'.
Theo Jeff Booth, whenever you measure Bitcoin in fiat currency, you are essentially still within a system of control. That system is a debt-based financial model, where growth can only exist if new debt is continuously created. $BTC
He emphasized that a debt-based system cannot accept deflation. If prices decrease naturally, the entire debt structure will become unmanageable and lead to collapse. Therefore, the system must fight against deflation at all costs — through printing money, easing, and expanding the balance sheet.
As I understand Jeff Booth's message, it's not just about Bitcoin, but about the way of thinking about value. When you still ask 'How much is BTC in dollars,' you are still using the measuring stick of the old system to evaluate an asset designed for the new system. And as long as you keep doing that, you have not truly stepped out of the control that he is talking about.
Let's look at Bitcoin as a different value system, not just as 'an asset appreciating in USD.'