Elon became the poster boy for crypto so his actions carry weight as he attempts to destroy it. Colonial pipeline hackers extort $5 million of Bitcoin from company. Fake news is shaping a narrative that the DOJ and IRS are looking into Binance for money laundering, when in fact Binance is helping US find users who are money laundering.
I would not be surprised if other woke companies start coming forward and stating they will discontinue use with Bitcoin. This is an orchestrated attack to stop the bull run.
Q post 571
"@Jack, MZ, ES, JB, EM, SH, MSM, etc.
Do you know that we know?
Do you know that we see all?
Do you know that we hear all?
FEAR the STORM.
NOBODY PLAYING THE GAME GETS A FREE PASS.
NOBODY.
Q"
the main question i have with crypto is... when (not if) the central bank collapses and the US dollar is no more, what then determines the value of crypto? like, how much would 1 bitcoin be worth? i think that is a big question that needs to be answered.
Bitcoin isn't tied to the dollar, but some are like Tether because they were created to be a stable coin. I've noticed when stocks crash, BTC usually dips too because hedgies have been trading it. But I have no idea what will happen to the market when the dollar collapses. I do know that Bitcoin is bigger than any bank with a $927.92 billion market cap and JP Morgan, the next on the list, has a $488.88 billion market cap.
https://companiesmarketcap.com/banks/largest-banks-by-market-cap/