O3 is the real Y2K and think markets have a meltdown, black swan moment, as we realize that all collar work will lead to passive flows drying up. 

Once that happens, stinks effectively reverse their multi decade up only trade over the next years and we shift to bonds (which probably blow past 5% into the 10%-15% range at peak). 

Having bonds will be a pseudo UBI as govt deficits are the just the way to carry out all and any activity. 

Year 2050 shit. BTC will be monetized so hard.