Global central banks are about to print so much money that there will be so much liquidity will be flowing from everywhere... Gonna come down from heaven like manna, gonna come up from hell like volcanic eruptions, gonna come from all sides bursting at the seams like the souls of purgatories no one is bullish enough!
Europe should have never allowed Greece into its union. That was a disaster just waiting to happen. At least, people of Europe know now what negative interest rates mean.
You can thank the scumbags at Goldman for their trickery aka interest rate swaps. They reduced their on balance sheet debt via IR swaps.
Let's face it the entire first world is in reality bankrupt. They just pretend via infinite debt printing. When the rubble clears China, Taiwan, Korea & India will the superpowers.
President Donald Trump signed an executive order creating a Strategic Bitcoin Reserve. White House Crypto and AI Czar David Sacks said the reserve will be funded exclusively with bitcoin seized in criminal and civil forfeiture cases, ensuring that taxpayers bear no financial burden. The order also establishes a U.S. Digital Asset Stockpile, managed by the Treasury Department, to hold other confiscated cryptocurrencies. ___________________________________ and BTC dropped from 91700 to 86000 immediately. hmmm. The crypto investors didn't view the BTC reserve positively.
Sell the news, but could just be temporary down move They need to announce tax-free if you pay your taxes with crypto like btc and solana and other crypto assets, this will get them to acquire a lot of bitcoin and crypto assets at no cost And this will make the bitcoin and crypto assets to rocket to the moon Yes, but because the US $ is the global reserve currency, they will just debase by printing money via QE, expand the balance sheet, finance the banks and primary dealers, yield curve control but a different name, do not call it ycc ever The allies will have a lifeline via interest rate swaps and other backdoor dealings like what happened with the UK when they had that pension funds bankruptcy emergencies and the UK bonds gilts crashed like a Melania meme coin rug pull The main export of the US is not goods nor services, it is inflation, through the debasement of the US $ money printing, everyone in the world pays and suffers, hence the collapse in many places due to the nation states debts denominated in $, the USD milkshake theory, Sri Lanka, Peru, and others, RIP In the US and other western nations, the middle class and lower class suffer high inflation, used to be young people can move out and live on their own while working at McDonalds, now they have to room with 5 other young people, and have to buy Chipotle and mix with beans and rice to last a few days, while skipping meals only having 2 meals a day or maybe just one meal per day The rich or people who invest in assets like stocks, real estate, gold, bitcoin, are able to outpace the fiat debasement PS: A disclaimer that what I say is just rambling ons of a non-finance-educated crazy psychopath bitcoiner, any resemblance to the actual world is purely by accident or coincidence
So El Salvador announces another round of buying bitcoin, and the US announces a new bitcoin reserve AND PRICE WENT DOWN! When are you guys going to understand that "news" has NO affect on price! Price moves in cycles!
Good piece from last year from: Lyric Hughes Hale @halereport Editor-in-Chief, EconVue Ive bolded some points of interest. Bitcoin as a Global Currency Economists have long imagined a global currency, and I think we are on our way there, much faster than we think, thanks to technology and a positive policy environment in the world’s leading economy, the US. Bitcoin’s market cap now exceeds the British pound, once the world’s reserve currency. A de facto US Bitcoin Reserve already exists, since the US government owns 1% of the 1.9 million coins now in circulation. (By comparison, US gold reserves are about 4.3% of all known stores of gold.)1 More than a new asset class, as Jay Powell described, an intriguing concept is the potential for Bitcoin to become a global currency, and the benefits that might have, especially for developing countries. In 2012, in the aftermath of the Eurozone crisis, I had a conversation with Nobel economist Robert Mundell, known as the “Father of the Euro”. I asked him if he had changed his mind in light of the euro’s bumpy ride, and whether he thought the currency union was a mistake. He immediately and forcefully replied that no, the euro was just one step towards creating a non-sovereign global currency, and the only way for developing countries to prosper. In “A Theory of Optimum Currency Areas” 2 Mundell describes the need for a global monetary system to create stability and avoid exchange rate volatility, which is especially disadvantageous for smaller and poorer countries. (He called his global money the “intor” a combination of international and the French word for gold.) In a speech in 2003, Mundell recounted the policy discussion about a global currency in the aftermath of Bretton Woods, in 1944: ❝ The proposal for a world currency today sounds radical, but you should know that it was not completely removed from advanced thinking sixty years ago. In 1941, President Franklin D. Roosevelt, directed his Secretary of the Treasury, Henry Morgenthau Jr., to make plans for the post-war economic order. In this directive he was explicit about the need for making provision for the world currency. Harry Dexter White, who was then Director of Research at the Treasury, was put in charge of preparing the American plan. This plan included a global currency called ‘unitas.’ 3 Great Britain came up with their own plan, which John Maynard Keynes called the bancor. Given the erstwhile rivalry for financial dominance between the US and Great Britain, it is not surprising that the US slow-walked this plan. It was the intention of US officials that the dollar would dominate the postwar global economy—and it did. The lesson: a global currency must be extraterritorial and neutral. Paul Volcker, who knew a thing or two about central banking and inflation, was also in favor of a global currency. In 2009, ironically the same year that Bitcoin was created, Volcker “argued that the ‘ultimate logic’ of an international financial system was a world currency but acknowledged that there were no credible alternatives to the dollar for ‘many tomorrows’. “ 4 Crypto proponent and tech visionary Balaji Srinivasan's recent tweet aligns well with Mundell and Volcker’s vision: ❝ Bitcoin is already the global reserve asset. Anyone can buy or sell virtually any amount of BTC at any time in any country on any device for a known price without any necessary intermediary". Could Bitcoin fill the role of a global currency? I believe it could succeed because it is immune to local political interference due to its cryptographic security. The use of mathematics to protect data and secure transactions means that the Bitcoin blockchain is tamper-proof and democratically accessible to owners of the coins it produces. No nation can alter it.