Prediction Didn’t hold up
Pysh: Bitcoin will probably peak between $200,000 and $300,000
“It's going to go straight through that number. It's probably going to go to two to 300,000.”
Opinion
Pysh: The global economy is experiencing a fiat currency default
“So the argument is that we're seeing a default of fiat currency globally is the argument.”
Insight
Pysh: Currencies fail once central banks push interest rates to zero
“We break the peg, and then for them to, in order to keep this system afloat, they systematically kept dropping interest rates until they got to zero percent, which is where we are today. So when you look at that 10 year yield chart over this 80 year period of …”
Opinion
Pysh: US and global debt have already reached unpayable levels
“You're already there. You're already there. It's just what does this all transition to is what it really comes down to.”
Opinion
Pysh: Stocks will underperform gold and Bitcoin in purchasing power
“The stock market went straight up, but relative to gold, and in my opinion, relative to Bitcoin, those stocks are going to underperform.”
Opinion
Pysh: Quantitative easing is effectively socialism for the rich
“Quantitative easing, it routes the middle class. It literally guts them, right? It polarizes the wealthy so that they get wealthier. It's effectively socialism for the rich. That's what quantitative easing is period.”
Opinion
Pysh: Fed Used COVID-19 as Cover for Inevitable Quantitative Easing
“Leading into COVID, they were already expanding the balance sheet through the repo market, and it was only a matter of time before they were going to have to do QE. And so once the COVID hit. It was like, oh yeah, here we go here. It's QE because of COVID. It …”
Opinion
Pysh: Breaking up Big Tech treats symptoms; unpegged fiat is the root cause
“Well, of course, what they're doing, all these arguments of people that are saying those types of things, they're getting a mop out to clean up the floor because the kitchen sink is flooding. But you have to stop the kitchen sink from running. It's locked in p…”
Prediction Not checkable as stated
Pysh: decentralized crypto is most likely successor to global fiat
“The last is the highest probability outcome.”
Assertion Supported
Pysh: 2020 Fed printing simply returns central banks to post-2008 trendline
“So when you look at this chart and you look at all the printing that they've done just in the last month, that line takes you straight back up to the, if you were going to plot all these balance sheets together where you had this nice linear line that was just…”
Opinion
Pysh: The middle class receives zero benefit from stock market gains
“The middle class and people who don't have any disposable income do not benefit from the stock market going up whatsoever.”
Insight
Pysh: Lack of currency pegs drives runaway inflationary monetary policy
“The dollar is not pegged and neither is any other fiat currency. They're not pegged. And that's what drives this behavior of this runaway inflationary monetary policy.”
Assertion Supported
Pysh: Federal Reserve monetary expansion forced the 1971 gold standard exit
“The Fed was basically adjusting their money multiplier that was putting more and more money into the system, which then got to the point by 71 that if all these countries said, hey, we want our claim to gold for how much this piece of paper represents, the US …”
Prediction Held up
Pysh: Governments will soon start bailing out municipalities
“They're going to start bailing out all the municipalities. And that's the one people aren't even ready for is you're going to start having those.”
Insight
Pysh: Fiat trust will not collapse without an alternative currency
“For that to happen, there has to be some other currency. There has to be somewhere else to go before that trust is going to break down completely.”
Disclosure
Pysh holds zero stocks through the crisis due to government intervention
“And I think a lot of people in my community are rolling their eyes at me for not having stocks going through this because so much of it is dependent on government decision-making.”
Insight
Pysh: Inflationary monetary policy structurally drives exponential technological acceleration
“So when you have an inflationary monetary policy, that means if I have a hundred dollars today, right? I'm going to have less tomorrow due to inflation. And so what do I want to do with my hundred dollars? I want to invest my hundred dollars And try to compoun…”
Assertion Contradicted
Pysh: Bitcoin hashing power shifted significantly from China to North America
“So like, I would tell you in the 2017 timeframe, you had an enormous amount of the hashing power coming out of China. Today, I would argue you have a, you've had a massive shift of hashing power come into the North America region.”
Prediction Held up
Pysh: US direct voter payouts and UBI will continue for at least a year
“True. If I'm gonna just say true or false, true.”
Assertion Supported
Pysh: US real interest rates are negative across entire yield curve
“You get out to like the 30 year, there's still a little bit of yield left, but if you look at it in real terms, which is inflation adjusted terms, you're at negative interest rates across the whole duration here in the US.”
Insight
Pysh: Unpegged currencies create competitive global devaluation races
“Every other country is incentivized to devalue their country because, or devalue their currency because when they do that, guess what happens? If I'm China and I devalue my currency because there's no peg. Nathan Latka: Goods get cheaper, right? Preston Pysh: …”
Insight
Pysh: Lost private keys will make Bitcoin structurally deflationary
“Bitcoin is deflationary simply because of the fact that people are going to lose their private keys. That's what's going to make it deflationary.”
Disclosure
Pysh: Holds no crypto tokens other than Bitcoin
“Like I own cryptocurrency, but I only own one and it's Bitcoin. I don't literally, I literally don't own any other crypto coin other than Bitcoin.”
