While fears of a “great monetary inflation” have driven the recent bitcoin narrative, other aspects like censorship resistance and peaceful protest matter just as much.This episode is sponsored by Bitstamp and Ciphertrace.Today on the Brief:Why bitcoin sold offA bank-the-unbanked narrative for the digital dollarIt’s Dave Portnoy’s world and we’re all just living in itToday’s main topic: Why inflation isn’t the only bitcoin narrative that matters.When bitcoin’s halving coincided with the most aggressive central bank policy of all time, it set a clear narrative framework for bitcoin as an inflationary hedge. This was captured by people like legendary hedge fund investor Paul Tudor Jones, who warned of a “great monetary inflation.” In this episode, NLW argues 1) that inflation could be a dangerous narrative to focus on too closely due to a number of countervailing deflationary forces, and 2) there are a variety of other narratives that are just as important to bitcoin, including:Censorship resistance Seizure-resistant assetCurrency controls and reshoring Nations looking to escape USD systemIndependent banking Peaceful protestSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.