Literal bitcoin bros the Winklevii have made a behavior over the previous 5 years of creating statements that concurrently make you query how they acquired into Harvard, and but additionally perceive how Zuck allegedly nicked the thought for Fb off them.
Who, for example, can neglect their assertion that bitcoin was a greater retailer of worth than gold as a result of Elon will finally mine an asteroid stuffed with the shiny stuff, resulting in a ruinous provide/demand imbalance?
However we’re undecided even that compares to this tweet from Cameron Winklevoss on Wednesday about one more topic that each bitcoin bro is all of a sudden an knowledgeable on: inflation.
The Greenback Retailer is elevating costs 25%. The overwhelming majority of products they promote can be priced at $1.25 beginning in 2022.
For those who use the Greenback Retailer as a proxy for inflation slightly than the Shopper Value Index, inflation is nearer to 25% than the extensively reported 6%. Ouch.
— Cameron Winklevoss (@cameron) November 23, 2021
If Cameron is true, inflation is operating sizzling sizzling sizzling. Overlook ShadowStats or The Chapwood Index, we’re heading in the right direction for a brand new Weimar Republic. Wheelbarrows on the prepared.
Given this alarming discovery we thought, why not create an index so this specific Winklevii can monitor the tumultuous path of inflation since Greenback Tree’s founding all the best way again in 1986?
Might we current to you, the Contrarian Winklevii Index:
For those who’re fascinated by licensing this proprietary information please contact an FT Alphaville group member for full particulars. There can be a 25 per cent value rise from Monday to account for inflation, so get it when you can.
Hat tip: Joe Weisenthal.