this...BTC's move this week is not as an "inflation hedge" but the "prophecy" of "flight to safety" coming to pass.
%% NO or any con, even a bit con or crypto cr*p [YES\ i know WMT sell$ 50# bags aged cow CR*P, but that's a real market.] My banker dad did spend some bucks on a a con with me once , a movie named ''THE Sting''[1973 ]; But it was real small part of his net worth. NOt a get rich quick scheme/LOL In that movie ''The STING',' a successful sting [con] is when the mark never knows he got in a con/LOL]
%% So since a movie a named the Sting, made millions 1973, that 1973 move or movies was ad for bit con also?? Some may say well that is a younger con than 1973. Ok LOL Partial disclosure\ my banker dad bought US tickets for that move ie ''The Sting'' [con]; so was he promoting a con??Or an admission of a bankers failure??
Because you can lock them up in your cold wallet and they can only pry them from your cold hands. Even crypto doubters like I am understand that much.
The bank was not saved, it's depositors were rightly so. Huge difference. Bailouts in 2008 were very different from saving depositors. We are not talking about investors here.
I rather would have my money parked in bitcoin right now compared to an account with a US regional bank. It's my belief. And if others believe the same then you get to a bitcoin level of 26k. As much as I don't believe in cryptos you really pick any object tof your imagination as long as you get sufficiently many others to believe the same.