I'm sorry my friend but I cannot wish for the USD to collapse or be replaced by bitcoin... USD is the best reserve currency that we have, sure it has a lot of problems but this is why we use bitcoin for our life savings, for store of value, for our future... Jeff Booth has talked about this in detail, but very quickly an example is $200 Trillion of US unfunded liabilities, think of SS, Medicare, pensions, infrastructure maintenance and projects, healthcare, military and on and on... Complete chaos.... multiply this many times in many countries, the whole world, this is not what we want... Bitcoin cannot replace the USD, nor should we want it. Perhaps another fiat currency in the future... Bitcoin can coexist with the USD
Bitcoin sounds good in theory but in practice it's a ponzi scheme and a scam designed to do nothing but steal your money. Trump seems to be losing the election which is bad for crypto and Tether is getting drawn into legal processes where their illegal and fraudulent scheme will be unveiled. At this point it's basically a known fact they are unbacked and they issue Tethers against crypto collateral. Celsius is litigating Tether for billions of dollars. Tether gave Celsius USDT loan and they took Bitcoin as collateral. USDT Issuer Tether to Fight Celsius' $3.3 Billion 'Shakedown' Litigation (coindesk.com) Tethers are "backed" not by US treasuried as they claim, but by a bunch of crypto. This is why there will be a cascade where they just start selling crypto in order to maintain the Tether peg. It's not going to be a flash crash in matter of seconds, but probably a matter of days, weeks and maybe months.
The sooner this scheme collapses, the better it would be for everyone involved. Let's hope that by the end of the year this thing gets nipped in the butt. Unfortunately though, it's just as likely if not more that this thing gets dragged out for a long time. For the sake of humanity, this would be the worst case scenario.
The next 3 months are usually a good period for bitcoin plus the end of the year Next year with tax selling might not be so good in the first 4-5 months Get ready for Septembull, Uptober and Moonvember! Also Mooncember!!!! 2 moons, like a blue moon, extremely bullish
More Tethers printed out of the sky and of course, Bitcoin price is pumping! This is the last pump we are getting. How high will it go? $67K? $70K? $75K? Prepare to sell everything and go short with every last penny you've got! We are mere inches away from escalation in the middle east and this ponzi scam digital token will drop like a rock once it happens. $30K Bitcoin will happen in a blink of an eye.
My comment was just poking a little fun at "orbit" for missing the boat and still wanting to hang on to his tulips.