I gave a short presentation entitled “Double Happiness” on 13 September 2023 at the Token2049 conference in Singapore. A bull market in fiat liquidity and technology will produce Double Happiness for the faithful’s portfolios. GDP Growth = Population Growth + Productivity Growth + Debt GrowthThe creation of stable and liquid credit markets suddenly granted governments the ability to time travel. If the formula for GDP growth is GDP Growth = Population Growth + Productivity Growth + Debt Growth, and population growth turns negative, then governments have to double down on growing productivity. Double Happiness is coming for my portfolio.